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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, Q4 2025

Institutional positions in Fortinet, Inc. as of Dec 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
1,331
+84 vs. Q3 2025
Shares held
511.3M
+31.3M (+6.5%) vs. Q3 2025
Total value
$40.6B
+$236.4M (+0.6%) vs. Q3 2025
New holders
208
490 more added
Sold out
124
484 more reduced

30 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: 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 holdersQ4 2025: 1,331 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 heldQ4 2025: $40.6B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Fortinet, Inc.; share changes are against Q3 2025.

Institutions holding FTNT in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Toroso Investments, LLC69,966$5.56M0.02%−10,929−13.5%Reduced
OP Asset Management Ltd70,014$5.56M0.07%+718+1.0%Added
Janney Montgomery Scott LLC71,671$5.69M0.01%−4,028−5.3%Reduced
Oregon Public Employees Retirement Fund72,395$5.75M0.07%−2,100−2.8%Reduced
Wellington Management Group LLP73,331$5.82M0.00%+6,952+10.5%Added
Ameritas Investment Partners, Inc.74,285$5.90M0.18%+2,864+4.0%Added
YHB Investment Advisors, Inc.74,439$5.91M0.41%+1,120+1.5%Added
FORA Capital, LLC74,592$5.92M0.72%+74,592New
Occudo Quantitative Strategies LP74,726$5.93M0.40%+74,726New
Brevan Howard Capital Management LP75,540$6.00M0.11%+75,540New
CIBC World Markets Inc.76,301$6.06M0.01%+8,870+13.2%Added
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main76,837$6.10M0.01%−49,714−39.3%Reduced
Motley Fool Asset Management LLC76,968$6.11M0.24%+15,155+24.5%Added
HighPoint Advisor Group LLC77,231$6.13M0.13%+34,797+82.0%Added
IFP Advisors, Inc77,601$6.16M0.14%+3,998+5.4%Added
Edgestream Partners, L.P.78,873$6.26M0.18%+78,873New
Sienna Gestion78,498$6.27M0.38%−6,475−7.6%Reduced
Illinois Municipal Retirement Fund80,701$6.41M0.08%−45,011−35.8%Reduced
O'Shaughnessy Asset Management, LLC80,771$6.41M0.04%−65−0.1%Reduced
Louisiana State Employees Retirement System82,000$6.51M0.11%−8,100−9.0%Reduced
Fideuram Asset Management (Ireland) dac61,444$6.57M0.53%+61,444New
Neuberger Berman Group LLC83,432$6.63M0.00%+5,131+6.6%Added
Public Employees Retirement Association of Colorado84,617$6.72M0.02%−174−0.2%Reduced
Palmer Knight Co84,839$6.74M3.54%−114−0.1%Reduced
Zacks Investment Management85,741$6.81M0.05%−2,910−3.3%Reduced
First National Bank of Mount Dora, Trust Investment Services86,857$6.90M1.51%+230+0.3%Added
Shelton Capital Management87,278$6.93M0.14%−248,498−74.0%Reduced
Private Wealth Partners, LLC90,000$7.15M0.51%00.0%Unchanged
Stephens Investment Management Group LLC90,450$7.18M0.09%−6,841−7.0%Reduced
Public Sector Pension Investment Board91,466$7.26M0.02%+22,727+33.1%Added
Engineers Gate Manager LP91,659$7.28M0.09%+69,896+321.2%Added
Intech Investment Management LLC91,686$7.28M0.07%−583,389−86.4%Reduced
Wealthfront Advisers LLC92,415$7.34M0.02%+6,839+8.0%Added
iA Global Asset Management Inc.92,450$7.34M0.09%+3,725+4.2%Added
Employees Retirement System of Texas93,293$7.41M0.06%+35,600+61.7%Added
Credit Agricole S A93,465$7.42M0.02%+12,422+15.3%Added
Ravenstone Capital Management Inc.93,523$7.43M3.39%+3,325+3.7%Added
Geneos Wealth Management Inc.93,635$7.44M0.18%+4,776+5.4%Added
New York Life Investment Management LLC93,998$7.46M0.06%−1,235−1.3%Reduced
Carderock Capital Management Inc94,124$7.47M1.81%+5,603+6.3%Added
Meritage Portfolio Management94,455$7.50M0.50%−44,303−31.9%Reduced
Banque Cantonale Vaudoise94,615$7.51M0.27%+43,944+86.7%Added
Terry L. Blaker95,039$7.55M0.28%+2,114+2.3%Added
Brown Advisory Inc95,104$7.55M0.01%+384+0.4%Added
IMC-Chicago, LLC96,798$7.69M0.14%−47,593−33.0%Reduced
LVM Capital Management Ltd97,551$7.75M0.72%−111−0.1%Reduced
Police & Firemen's Retirement System of New Jersey97,729$7.76M0.06%−4,646−4.5%Reduced
Integrated Advisors Network LLC98,106$7.79M0.34%−1,192−1.2%Reduced
Modera Wealth Management, LLC98,132$7.79M0.09%−1,126−1.1%Reduced
Comerica Bank98,782$7.84M0.03%−13,629−12.1%Reduced
GDS Wealth Management100,407$7.97M0.50%+7,265+7.8%Added
Altrafin AG103,115$8.19M2.60%+5,250+5.4%Added
LMR Partners LLP104,051$8.26M0.08%+102,101+5,235.9%Added
Knuff & Co LLC105,300$8.33M2.46%+325+0.3%Added
Utah Retirement Systems105,048$8.34M0.08%00.0%Unchanged
Gamco Investors, Inc. Et Al105,920$8.41M0.08%−1,400−1.3%Reduced
Commonwealth Equity Services, LLC106,082$8.42M0.01%−21,843−17.1%Reduced
USS Investment Management Ltd106,109$8.42M0.04%+4,776+4.7%Added
Sanibel Captiva Trust Company, Inc.106,743$8.48M0.23%−5,447−4.9%Reduced
Federation des caisses Desjardins du Quebec107,032$8.50M0.03%+660+0.6%Added
JustInvest LLC108,146$8.59M0.08%+1,354+1.3%Added
Weatherly Asset Management L. P.109,012$8.66M0.67%−679−0.6%Reduced
Scotia Capital Inc.110,725$8.79M0.04%+6,853+6.6%Added
CWM Advisors, LLC111,215$8.83M0.79%+13,631+14.0%Added
Walleye Capital LLC111,891$8.89M0.05%+24,266+27.7%Added
Moran Wealth Management, LLC112,439$8.93M0.27%+112,439New
PensionDanmark Pensionsforsikringsaktieselskab113,304$9.00M0.08%+113,304New
ICICI Prudential Asset Management Co Ltd113,434$9.01M1.05%+73,667+185.2%Added
Baltimore-Washington Financial Advisors, Inc.115,145$9.14M0.38%−54,691−32.2%Reduced
British Columbia Investment Management Corp115,574$9.18M0.05%+22,066+23.6%Added
Walleye Trading LLC116,231$9.23M0.15%−53,170−31.4%Reduced
Assetmark, Inc116,763$9.27M0.02%+5,822+5.2%Added
Private Advisory Group LLC117,344$9.32M0.73%+117,344New
Pine Valley Investments Ltd Liability Co120,204$9.55M0.48%−62,151−34.1%Reduced
Elo Mutual Pension Insurance Co121,338$9.64M0.15%+327+0.3%Added
Mercer Global Advisors Inc122,142$9.70M0.01%+31,289+34.4%Added
UniSuper Management Pty Ltd124,681$9.90M0.06%−9,878−7.3%Reduced
CIBC World Markets Corp124,719$9.90M0.05%+124,719New
Rakuten Investment Management, Inc.124,808$10.1M0.03%+112,350+901.8%Added
Allspring Global Investments Holdings, LLC129,771$10.1M0.02%−1,602−1.2%Reduced
Ofi Invest Asset Management151,038$10.2M0.15%+151,038New
Leonteq Securities AG131,242$10.4M0.56%+5,437+4.3%Added
IFM Investors Pty Ltd132,388$10.5M0.09%+5,758+4.5%Added
Retirement Systems of Alabama134,469$10.7M0.03%−4,471−3.2%Reduced
Callahan Advisors, LLC135,496$10.8M0.88%−2,300−1.7%Reduced
Sawgrass Asset Management LLC137,546$10.9M1.37%−8,241−5.7%Reduced
Nisa Investment Advisors, LLC137,809$10.9M0.04%−5,732−4.0%Reduced
Varma Mutual Pension Insurance Co140,650$11.2M0.07%+26,250+22.9%Added
Amalgamated Bank141,476$11.2M0.08%−9,564−6.3%Reduced
Ilmarinen Mutual Pension Insurance Co144,066$11.4M0.09%−12,794−8.2%Reduced
Fulcrum Capital LLC144,106$11.4M2.30%+6,524+4.7%Added
STRS Ohio144,188$11.4M0.04%−5,807−3.9%Reduced
CWM, LLC145,241$11.5M0.03%+73,677+103.0%Added
State of Tennessee, Treasury Department142,592$11.6M0.04%−17,717−11.1%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys147,030$11.7M0.06%−9,377−6.0%Reduced
Optiver Holding B.V.151,009$12.0M0.22%+121,887+418.5%Added
Wilkins Investment Counsel Inc152,044$12.1M1.76%−4,240−2.7%Reduced
DnB Asset Management AS152,382$12.1M0.04%−18,981−11.1%Reduced
First Horizon Corp152,590$12.1M0.54%+10,262+7.2%Added
GF Fund Management Co. Ltd.156,860$12.5M0.21%+4,418+2.9%Added