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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
Wisconsin Wealth Advisors, LLC12,992$1.25M1.80%+226+1.8%Added
Boston Private Wealth LLC12,994$1.25M0.05%−2,219−14.6%Reduced
Smith Group Asset Management, LLC13,100$1.26M0.09%−2,835−17.8%Reduced
Tiaa Trust, National Association13,121$1.26M0.00%+10,503+401.2%Added
Procyon Private Wealth Partners, LLC13,220$1.27M0.08%+13,220New
Sheaff Brock Investment Advisors, LLC13,354$1.29M0.12%+5,008+60.0%Added
Frank, Rimerman Advisors LLC13,388$1.29M0.10%+569+4.4%Added
Kinneret Advisory, LLC13,575$1.31M0.13%−45−0.3%Reduced
JGP Wealth Management, LLC13,609$1.31M0.17%−2,480−15.4%Reduced
Capital Analysts, LLC13,639$1.31M0.05%−1,690−11.0%Reduced
Analyst IMS Investment Management Services Ltd.13,693$1.32M0.05%00.0%Unchanged
GeoWealth Management, LLC13,734$1.32M0.05%+11,386+484.9%Added
Steel Peak Wealth Management LLC13,800$1.33M0.06%+10,313+295.8%Added
Unigestion Holding SA13,809$1.33M0.08%+13,809New
Integrated Wealth Concepts LLC13,933$1.34M0.02%+194+1.4%Added
Terra Nova Asset Management LLC13,934$1.34M1.06%+2,300+19.8%Added
HB Wealth Management, LLC14,043$1.35M0.01%+1,930+15.9%Added
Jefferies Financial Group Inc.14,163$1.36M0.02%−27,565−66.1%Reduced
Orion Capital Management LLC14,175$1.36M0.57%+525+3.8%Added
Greenfield Savings Bank14,189$1.37M0.67%−896−5.9%Reduced
44 Wealth Management LLC14,191$1.37M0.51%−28−0.2%Reduced
Virtus Investment Advisers, Inc.14,232$1.37M0.37%+14,232New
V-Square Quantitative Management LLC14,238$1.37M0.20%+70+0.5%Added
Birchbrook, Inc.14,293$1.38M0.77%−785−5.2%Reduced
Fragasso Group Inc.14,308$1.38M0.10%+14,308New
Wallace Hart LLC14,345$1.38M3.47%+14,345New
Mach-1 Financial Group, Inc.14,435$1.39M0.42%+14,435New
United Services Automobile Association14,444$1.40M0.04%00.0%Unchanged
J.W. Cole Advisors, Inc.14,581$1.40M0.04%+3,751+34.6%Added
Financial Partners Group, LLC14,621$1.41M0.61%−1,959−11.8%Reduced
Quadrature Capital Ltd14,645$1.41M0.03%+14,645New
Groesbeck Investment Management Corp14,649$1.41M1.97%00.0%Unchanged
Meeder Advisory Services, Inc.14,702$1.42M0.08%+1,333+10.0%Added
Moneta Group Investment Advisors LLC14,859$1.43M0.02%−702−4.5%Reduced
Perigon Wealth Management, LLC14,860$1.43M0.04%+538+3.8%Added
VestGen Advisors, LLC14,993$1.44M0.07%+14,993New
Dai-Ichi Life Insurance Company, Ltd15,037$1.45M0.04%00.0%Unchanged
Nebula Research & Development LLC15,077$1.45M0.13%+15,077New
Adviser Investments LLC15,126$1.46M0.02%−8−0.1%Reduced
Atria Investments LLC15,150$1.46M0.02%+15,150New
Lecap Asset Management Ltd15,160$1.46M0.34%+8,387+123.8%Added
EP Wealth Advisors, LLC15,174$1.46M0.01%−642−4.1%Reduced
Kestra Private Wealth Services, LLC15,199$1.46M0.02%+1,246+8.9%Added
Stone Run Capital, LLC15,350$1.48M0.62%−2,950−16.1%Reduced
Wedbush Securities Inc15,417$1.48M0.05%+176+1.2%Added
Sciencast Management LP15,423$1.48M0.34%+11,033+251.3%Added
Kovitz Investment Group Partners, LLC15,432$1.49M0.01%−12,843−45.4%Reduced
Kingsman Wealth Management, Inc.15,450$1.49M1.09%+15,450New
Quadrant Capital Group LLC15,478$1.49M0.06%+5,785+59.7%Added
Balyasny Asset Management LLC15,573$1.50M0.00%−9,226−37.2%Reduced
Wolverine Trading, LLC15,537$1.50M0.05%+7,745+99.4%Added
DMG Group, LLC15,608$1.50M1.22%+25+0.2%Added
Leelyn Smith, LLC15,677$1.51M0.27%+22+0.1%Added
Cullen/Frost Bankers, Inc.15,726$1.51M0.02%+272+1.8%Added
Numerai GP LLC15,777$1.52M0.29%−4,098−20.6%Reduced
Alteri Wealth LLC15,902$1.53M0.67%−10.0%Reduced
DB Fitzpatrick & Co, Inc16,106$1.55M1.47%−4,431−21.6%Reduced
Fox Hill Wealth Management16,140$1.55M0.92%−94−0.6%Reduced
RSM US Wealth Management LLC16,222$1.56M0.02%−1,821−10.1%Reduced
Enterprise Financial Services Corp16,339$1.57M0.93%−27−0.2%Reduced
Sequoia Financial Advisors, LLC16,393$1.58M0.01%+679+4.3%Added
Argonautica Private Wealth Management, Inc16,447$1.58M0.54%−83−0.5%Reduced
Huntington National Bank16,484$1.59M0.01%−871−5.0%Reduced
Exchange Capital Management, Inc.16,620$1.60M0.26%+730+4.6%Added
Ostrum Asset Management16,859$1.62M0.09%−447−2.6%Reduced
TRUE Private Wealth Advisors16,904$1.63M0.20%−214−1.3%Reduced
Howard Capital Management Inc.17,077$1.64M0.04%−2,617−13.3%Reduced
JT Stratford LLC17,134$1.65M0.29%+17,134New
Lombard Odier Asset Management (Switzerland) SA17,226$1.66M0.10%+161+0.9%Added
Enclave Advisors LLC17,243$1.66M0.28%+950+5.8%Added
Asset Advisors Investment Management, LLC17,280$1.66M0.17%+10,385+150.6%Added
Signaturefd, LLC17,297$1.66M0.03%+1,448+9.1%Added
Money Concepts Capital Corp17,305$1.67M0.12%−396−2.2%Reduced
United Capital Financial Advisers, LLC17,433$1.68M0.01%+821+4.9%Added
Assenagon Asset Management S.A.17,739$1.71M0.00%+677+4.0%Added
Access Financial Services, Inc.17,768$1.71M0.69%−6,224−25.9%Reduced
Johnson Investment Counsel Inc18,032$1.74M0.02%−17−0.1%Reduced
Farther Finance Advisors, LLC18,261$1.77M0.05%+1,257+7.4%Added
Kentucky Retirement Systems Insurance Trust Fund18,354$1.77M0.13%+18,354New
Lion Street Advisors, LLC18,367$1.77M0.56%−68−0.4%Reduced
Wiley Bros.-Aintree Capital, LLC18,303$1.77M0.02%+671+3.8%Added
WD Rutherford LLC17,945$1.78M0.95%−135−0.7%Reduced
Prelude Capital Management, LLC18,575$1.79M0.18%+6,653+55.8%Added
Avantax Advisory Services, Inc.18,610$1.79M0.01%+4,375+30.7%Added
MAI Capital Management18,912$1.82M0.01%+4,317+29.6%Added
Everence Capital Management Inc19,070$1.84M0.12%+5,000+35.5%Added
Tower Research Capital LLC (TRC)19,110$1.84M0.05%−44,042−69.7%Reduced
Parallax Volatility Advisers, L.P.19,143$1.84M0.06%−512−2.6%Reduced
First United Bank Trust19,185$1.85M0.69%−375−1.9%Reduced
Change Path, LLC19,257$1.85M0.06%+4,709+32.4%Added
Spectrum Wealth Counsel, LLC19,272$1.86M0.22%+19,272New
InTrack Investment Management Inc19,310$1.86M1.69%−1,480−7.1%Reduced
Accurate Wealth Management, LLC19,155$1.87M0.36%−33−0.2%Reduced
Vestcor Inc19,507$1.88M0.06%+7,461+61.9%Added
Stratos Wealth Advisors, LLC19,596$1.89M0.10%−4,237−17.8%Reduced
Bokf, NA19,821$1.91M0.03%−351−1.7%Reduced
GAMMA Investing LLC20,025$1.93M0.14%+3,189+18.9%Added
ORBA Wealth Advisors, L.L.C.20,080$1.93M0.97%+577+3.0%Added
Envestnet Portfolio Solutions, Inc.20,099$1.93M0.01%−5,177−20.5%Reduced
Northwestern Mutual Investment Management Company, LLC20,233$1.95M0.03%+34+0.2%Added