Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fortinet Inc (FTNT)

1K + Investors. Track Smart Money conviction in FTNT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
2Q ▲
Buyers last Q
51%

Smart Money Signals — FTNT

Based on 1320 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added FTNT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
1,320 hedge funds hold FTNT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding FTNT is almost the same as a year ago (-11 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 51% buying

678 buying657 selling
Last quarter: 678 funds bought or added vs 657 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-45 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 173 → 130 → 212 → 167. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 21% medium ■ 18% new
807 out of 1,320 hedge funds have held FTNT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

193 → 173 → 130 → 212 → 167 new funds/Q
New funds entering each quarter: 173 → 130 → 212 → 167. A growing number of institutions are discovering FTNT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 21% newcomers

■ 66% veterans ■ 13% 1-2yr ■ 21% new
Entry-cohort mix of 1,378 holders: 907 (66%) are 2+ year veterans, 176 entered 1–2 years ago, and 295 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 56% AUM from top-100 funds

56% from top-100 AUM funds
63 of 1310 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in FTNT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FTNT

In 2026 Q1, 678 hedge funds were net buyers of FTNT (167 opened a new position, 511 added to an existing one), while 657 reduced or exited (500 trimmed, 157 sold completely) — a 51% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 56% of total institutional value in FTNT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 1320.

Hedge Fund Ownership: FTNT

How many hedge funds hold FTNT — quarterly history vs. share price
Quarterly hedge fund ownership of FTNT vs. share price

Market Analysis: FTNT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FTNT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Fortinet Inc (FTNT) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FTNT has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
FTNT
+76.4%
XLK
+39.8%

FTNT outperformed XLK by +36.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
FTNT
+17.4%
XLK
+5.4%

Since the filing became public, FTNT outperformed XLK by +12.0% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

79 top-rated funds 12 high-conviction
Consensus
8.3
/ 10
breadth
×
Elite
4.5
/ 10
conviction
Hedge Fund Positioning: FTNT
1K + Investors

Track Smart Money conviction in FTNT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1305 1310 -0.38%
13F Shares 416M 507M -17.95%
Total Value $32.20B $39.83B -19.17%
New Positions 159 212 -53
Increased Positions 494 463 +31
Closed Positions 164 149 +15
Reduced Positions 483 489 -6
Total Calls 35 39 -10.26%
Total Puts 33 32 3.12%
PUT/CALL Ratio 0.94 0.82 Neutral

Statistics: FTNT

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Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FTNT. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FTNT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 2Xideas AG 10.82% 337,924 $27.6M
2 Nutshell Asset Management Ltd 6.38% 143,781 $11.7M
3 Aldebaran Financial Inc. 4.79% 61,681 $5.0M
4 Warther Private Wealth, LLC 4.21% 219,927 $18.0M
5 Fundsmith LLP 3.92% 6,156,675 $503.1M
6 one8zero8, LLC 3.66% 201,318 $16.5M
7 American Capital Management Inc 3.64% 828,923 $67.7M
8 Spurstone Advisory Services, LLC 3.50% 2,500 $204K
9 Palmer Knight Co 3.31% 83,082 $6.8M
10 Fulcrum Capital LLC 3.10% 174,592 $14.3M
11 Fundsmith Investment Services LTD. 3.08% 1,659,789 $135.6M
12 Account Management LLC 2.97% 33,218 $2.7M
13 Altrafin AG 2.90% 103,115 $8.4M
14 Knuff & Co LLC 2.56% 103,975 $8.5M
15 Peak Asset Management, LLC 2.36% 163,596 $13.4M
16 KRS Capital Management, LLC 2.30% 45,980 $3.8M
17 RPG Investment Advisory, LLC 2.18% 221,225 $18.1M
18 MRP Capital Investments, LLC 2.02% 28,406 $2.3M
19 Strategic Planning, Inc. 1.93% 46,951 $3.8M
20 Gilpin Wealth Management, LLC 1.92% 29,743 $2.4M
21 Carderock Capital Management Inc 1.84% 91,109 $7.4M
22 Front Row Advisors LLC 1.79% 64,835 $5.3M
23 Wilkins Investment Counsel Inc 1.77% 151,323 $12.4M
24 Buckhead Capital Management LLC 1.73% 56,152 $4.6M
25 Ardmore Road Asset Management LP 1.73% 321,200 $26.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Fortinet Inc (FTNT)

What does the Smart Money Trend signal show for FTNT?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added FTNT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FTNT?

Slight buying edge — 51% buying: Last quarter: 678 funds bought or added vs 657 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FTNT holders?

Elite ownership — 56% AUM from top-100 funds: 63 of 1310 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in FTNT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FTNT?

61% of holders stayed for 2+ years: 807 out of 1,320 hedge funds have held FTNT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Fortinet Inc (FTNT) following the 2026 Q1 hedge fund 13F filings?

As of today, FTNT has moved +17.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.4% for the XLK sector ETF — an outperformance of +12.0%. Since the quarter end (March 31, 2026), FTNT has gained +76.4% vs +39.8% for XLK. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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