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Fortinet, Inc.

FTNT
Exchange
Nasdaq
Industry
Computer Peripheral Equipment, NEC
SEC CIK
0001262039

In the last 90 days, Fortinet, Inc. insiders filed 0 open-market purchases and 5 sales; 1,589 institutions reported holding it in 13F filings for Q2 2026, worth $77.6B in total; Fundsmith is the only superinvestor holding it.

13F holders, Q1 2025

Institutional positions in Fortinet, Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
1,357
+80 vs. Q4 2024
Shares held
513.3M
+7.85M (+1.6%) vs. Q4 2024
Total value
$49.3B
+$1.58B (+3.3%) vs. Q4 2024
New holders
182
540 more added
Sold out
102
449 more reduced

20 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting FTNT on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 1,357 institutions
Q1 2021: 732 institutionsQ2 2021: 795 institutionsQ3 2021: 871 institutionsQ4 2021: 978 institutionsQ1 2022: 955 institutionsQ2 2022: 938 institutionsQ3 2022: 894 institutionsQ4 2022: 956 institutionsQ1 2023: 999 institutionsQ2 2023: 1,106 institutionsQ3 2023: 1,074 institutionsQ4 2023: 1,068 institutionsQ1 2024: 1,115 institutionsQ2 2024: 1,074 institutionsQ3 2024: 1,127 institutionsQ4 2024: 1,297 institutionsQ1 2025: 1,357 institutionsQ2 2025: 1,385 institutionsQ3 2025: 1,277 institutionsQ4 2025: 1,331 institutionsQ1 2026: 1,332 institutionsQ2 2026: 1,589 institutions
Value heldQ1 2025: $49.3B
Q1 2021: $21.5BQ2 2021: $27.1BQ3 2021: $32.6BQ4 2021: $39.1BQ1 2022: $36.7BQ2 2022: $29.6BQ3 2022: $25.2BQ4 2022: $25.9BQ1 2023: $34.7BQ2 2023: $39.4BQ3 2023: $30.0BQ4 2023: $29.0BQ1 2024: $34.4BQ2 2024: $30.5BQ3 2024: $38.9BQ4 2024: $48.4BQ1 2025: $49.3BQ2 2025: $54.6BQ3 2025: $40.6BQ4 2025: $40.6BQ1 2026: $40.3BQ2 2026: $77.6B
Institutions holding FTNT and their total value by quarter
QuarterHoldersValue
Q2 20261,589$77.6B
Q1 20261,332$40.3B
Q4 20251,331$40.6B
Q3 20251,277$40.6B
Q2 20251,385$54.6B
Q1 20251,357$49.3B
Q4 20241,297$48.4B
Q3 20241,127$38.9B
Q2 20241,074$30.5B
Q1 20241,115$34.4B
Q4 20231,068$29.0B
Q3 20231,074$30.0B
Q2 20231,106$39.4B
Q1 2023999$34.7B
Q4 2022956$25.9B
Q3 2022894$25.2B
Q2 2022938$29.6B
Q1 2022955$36.7B
Q4 2021978$39.1B
Q3 2021871$32.6B
Q2 2021795$27.1B
Q1 2021732$21.5B

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Fortinet, Inc.; share changes are against Q4 2024.

Institutions holding FTNT in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc71,662,404$6.90B0.12%+3,546,934+5.2%Added
BlackRock, Inc.58,616,240$5.64B0.12%+1,985,703+3.5%Added
State Street Corp28,320,693$2.73B0.11%+91,231+0.3%Added
Geode Capital Management, LLC16,088,405$1.55B0.12%+817,492+5.4%Added
Bank of New York Mellon Corp15,245,987$1.47B0.29%−707,411−4.4%Reduced
Norges Bank11,782,652$1.13B0.16%+4,119,144+53.8%Added
Morgan Stanley9,828,841$946.1M0.07%−1,172,425−10.7%Reduced
Invesco Ltd.8,570,528$825.0M0.16%+181,835+2.2%Added
Fundsmith LLPSuperinvestorFundsmith8,523,040$820.4M3.73%−7,383−0.1%Reduced
Arrowstreet Capital, Limited Partnership7,961,605$766.4M0.62%+339,352+4.5%Added
FMR LLC7,865,665$757.1M0.05%+1,333,960+20.4%Added
Price T Rowe Associates Inc7,734,233$744.5M0.09%−3,463,766−30.9%Reduced
UBS Asset Management Americas Inc7,016,467$675.4M0.17%+1,026,277+17.1%Added
Nordea Investment Management AB6,868,076$650.1M0.69%−591,200−7.9%Reduced
Northern Trust Corp6,519,558$627.6M0.09%+49,238+0.8%Added
AQR Capital Management LLC5,971,648$561.2M0.58%+1,733,670+40.9%Added
Amundi6,211,739$555.6M0.20%−365,728−5.6%Reduced
Legal & General Group Plc5,452,563$524.9M0.14%−347,672−6.0%Reduced
Barclays PLC5,261,228$506.4M0.23%−672,030−11.3%Reduced
First Trust Advisors LP5,077,121$488.7M0.43%−32,806−0.6%Reduced
Bessemer Group Inc4,839,274$465.8M0.84%−67,165−1.4%Reduced
Goldman Sachs Group Inc4,721,459$454.5M0.09%−59,282−1.2%Reduced
Two Sigma Advisers, LP4,485,320$431.8M0.97%−176,600−3.8%Reduced
Deutsche Bank AG4,464,326$429.7M0.17%+229,838+5.4%Added
Charles Schwab Investment Management Inc4,151,597$399.6M0.07%+176,972+4.5%Added
UBS Group AG3,703,067$356.5M0.08%−228,012−5.8%Reduced
Ameriprise Financial Inc3,613,201$347.8M0.09%+8,802+0.2%Added
Qube Research & Technologies Ltd3,552,787$342.0M0.53%+450,656+14.5%Added
Renaissance Technologies LLC3,434,351$330.6M0.50%−1,186,859−25.7%Reduced
Van Eck Associates Corp3,267,319$321.0M0.41%−2090.0%Reduced
Bank of America Corp3,316,184$319.2M0.03%+719,522+27.7%Added
JPMorgan Chase & Co3,132,832$301.6M0.02%+570,447+22.3%Added
Pictet Asset Management Holding SA3,072,639$295.8M0.33%+181,654+6.3%Added
Acadian Asset Management LLC2,798,551$269.4M0.76%−92,944−3.2%Reduced
Dimensional Fund Advisors LP2,784,746$268.0M0.07%+173,285+6.6%Added
Robeco Institutional Asset Management B.V.2,678,403$257.8M0.50%−457,562−14.6%Reduced
BNP Paribas Arbitrage, SA2,611,110$251.3M0.19%+33,027+1.3%Added
D. E. Shaw & Co., Inc.2,581,324$248.5M0.29%−1,797,545−41.1%Reduced
Fundsmith Investment Services Ltd.2,545,310$245.0M3.46%−4,324−0.2%Reduced
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main2,515,223$242.1M0.28%+2,495,357+12,560.9%Added
Sarasin & Partners LLP2,494,132$240.1M2.60%+542,898+27.8%Added
DSM Capital Partners LLC2,450,338$235.9M4.12%+19,174+0.8%Added
Citigroup Inc2,420,859$233.0M0.18%+1,072,062+79.5%Added
Voya Investment Management LLC2,223,642$214.0M0.24%+78,012+3.6%Added
Federated Hermes, Inc.2,211,113$212.8M0.46%+804,373+57.2%Added
Two Sigma Investments, LP2,098,119$202.0M0.44%−65,688−3.0%Reduced
National Pension Service2,072,848$199.5M0.19%+113,001+5.8%Added
California Public Employees Retirement System2,072,182$199.5M0.14%+328,611+18.8%Added
Los Angeles Capital Management LLC2,020,203$194.5M0.86%−899,749−30.8%Reduced
Bridgewater Associates, LP1,978,560$190.5M0.88%+1,044,866+111.9%Added
Swiss National Bank1,837,500$176.9M0.12%+8000.0%Added
Allianz Asset Management GmbH1,819,352$175.1M0.26%+225,366+14.1%Added
Millennium Management LLC1,756,226$169.1M0.16%−61,861−3.4%Reduced
Franklin Resources Inc1,716,502$165.2M0.05%+717,876+71.9%Added
Sumitomo Mitsui Trust Holdings, Inc.1,705,200$164.1M0.12%+154,467+10.0%Added
Bank of Montreal1,656,285$159.4M0.09%−211,274−11.3%Reduced
Nuveen, LLC1,595,432$153.6M0.05%+1,595,432New
Mirae Asset Global ETFs Holdings Ltd.1,536,349$147.9M0.32%+80,202+5.5%Added
AustralianSuper Pty Ltd1,496,339$144.0M0.81%+839,028+127.6%Added
Victory Capital Management Inc1,437,254$138.4M0.14%−54,946−3.7%Reduced
CCLA Investment Management Ltd1,365,444$131.4M2.33%−76,723−5.3%Reduced
HSBC Holdings PLC1,329,506$127.6M0.09%−85,925−6.1%Reduced
Royal Bank of Canada1,325,368$127.6M0.03%−22,293−1.7%Reduced
Worldquant Millennium Advisors LLC1,314,344$126.5M0.80%−22,759−1.7%Reduced
American Capital Management Inc1,286,720$123.9M5.04%−204,418−13.7%Reduced
Rhumbline Advisers1,266,126$121.9M0.11%+44,781+3.7%Added
Thrivent Financial for Lutherans1,251,671$120.5M0.26%+178,650+16.6%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,222,415$117.7M0.32%−411,106−25.2%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.1,211,738$116.6M0.11%+149,074+14.0%Added
Caisse de Depot Et Placement du Quebec1,145,571$110.3M0.23%+219,379+23.7%Added
ProShare Advisors LLC1,137,575$109.5M0.25%+126,014+12.5%Added
Man Group plc1,087,355$104.7M0.31%+351,301+47.7%Added
Russell Investments Group, Ltd.1,082,988$104.3M0.14%+364,893+50.8%Added
Pinebridge Investments, L.P.1,026,788$98.8M0.80%+540,071+111.0%Added
Penserra Capital Management LLC1,024,771$98.6M1.76%−26,886−2.6%Reduced
Alliancebernstein L.P.1,023,919$98.6M0.04%+34,202+3.5%Added
Empower Advisory Group, LLC1,018,608$98.1M0.32%−3,775−0.4%Reduced
Clearbridge Investments, LLC1,016,044$97.8M0.09%−16,888−1.6%Reduced
TD Asset Management Inc1,009,069$97.1M0.09%−108,569−9.7%Reduced
California State Teachers Retirement System1,002,008$96.5M0.12%−7,152−0.7%Reduced
Fiera Capital Corp908,715$87.5M0.32%−133,294−12.8%Reduced
Royal London Asset Management Ltd908,434$87.4M0.21%+125,918+16.1%Added
Skandinaviska Enskilda Banken AB (publ)879,059$84.6M0.42%+509,912+138.1%Added
Prudential Financial Inc872,709$84.0M0.12%+46,573+5.6%Added
Stifel Financial Corp860,301$82.8M0.09%−19,887−2.3%Reduced
Squarepoint Ops LLC854,581$82.3M0.20%−511,496−37.4%Reduced
American Century Companies Inc846,651$81.5M0.05%+145,445+20.7%Added
Vident Advisory, LLC841,935$81.0M1.18%+434,057+106.4%Added
New York State Common Retirement Fund828,857$79.8M0.12%−11,216−1.3%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)822,999$79.2M0.23%+35,384+4.5%Added
Universal- Beteiligungs- und Servicegesellschaft mbH805,104$77.5M0.16%+11,691+1.5%Added
Great West Life Assurance Co778,266$75.0M0.13%−6,021−0.8%Reduced
Wells Fargo & Company777,012$74.8M0.02%+37,682+5.1%Added
Bank of Nova Scotia773,570$74.5M0.17%−13,820−1.8%Reduced
Principal Financial Group Inc749,615$72.2M0.04%−11,771−1.5%Reduced
Panagora Asset Management Inc715,969$68.9M0.34%+29,255+4.3%Added
Frontier Capital Management Co LLC697,261$67.1M0.73%+23,849+3.5%Added
Raymond James Financial Inc651,169$62.7M0.02%−83,173−11.3%Reduced
E. Ohman J:or Asset Management AB640,958$61.7M1.64%−147,020−18.7%Reduced
Ossiam629,389$60.6M0.85%+2,740+0.4%Added