Fortinet
FTNT
1,129 hedge funds and large institutions have $38.8B invested in Fortinet in 2024 Q3 according to their latest regulatory filings, with 160 funds opening new positions, 440 increasing their positions, 388 reducing their positions, and 93 closing their positions.
91% more funds holding in top 10
Funds holding in top 10: 11 → 21 (+10)
72% more first-time investments, than exits
New positions opened: 160 | Existing positions closed: 93
13% more repeat investments, than reductions
Existing positions increased: 440 | Existing positions reduced: 388
5% more funds holding
Funds holding: 1,072 → 1,129 (+57)
0.77% less ownership
Funds ownership: 66.29% → 65.52% (-0.77%)
8% less capital inflows, than outflows
Capital inflows: $3.34B | Capital outflows: $3.64B
21% less call options, than puts
Call options by funds: $615M | Put options by funds: $782M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$308M |
| 2 |
D.E. Shaw & Co
New York
|
+$283M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$185M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$143M |
| 5 |
BlackRock
New York
|
+$121M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.15B |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$238M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$221M |
| 4 |
VanEck Associates
New York
|
-$177M |
| 5 |
Barclays
London,
United Kingdom
|
-$161M |
FTNT Hedge Fund Activity: Q3 2024 in Review
1,129 of the 6,989 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2024, worth a combined $38.8B — up 27% from $30.5B a quarter earlier.
Buyers outnumbered sellers: 160 funds opened new FTNT positions and 93 closed out — a net gain of 67 holders — while 440 added to existing stakes and 388 trimmed.
The largest buyer was Norges Bank, adding an estimated $308M. The largest seller was T. Rowe Price Associates, cutting an estimated $1.15B.
- 1,129 institutional investors held Fortinet (FTNT) as of Q3 2024, up from 1,072 in Q2 2024.
- Funds reported $38.8B of Fortinet stock for Q3 2024, up 27% quarter-over-quarter.
- 160 funds opened new Fortinet positions in Q3 2024 and 93 closed out, a net change of +67 holders.
- The largest Fortinet buyer in Q3 2024 was Norges Bank, an estimated $308M added.
- The largest Fortinet seller in Q3 2024 was T. Rowe Price Associates, an estimated $1.15B sold.
Based on aggregated 13F filings for Q3 2024.