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Institutional Ownership · SEC Form 13F

Who owns Fortinet (FTNT)


Which tracked institutional funds hold FTNT, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FTNT company fundamentals →

Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

1,504
Institutional holders
487M
Shares held (tracked funds)
65.6%
Of shares outstanding

How the tape is positioned

The tracked-fund tape on FTNT is one-sided between 2026-Q1 and 2026-Q2: 864 added or opened and 124 trimmed or exited — on balance accumulating.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

FTNT’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes FTNT more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in FTNT divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2026-Q1 and 2026-Q2, across 1503 tracked filers holding FTNT, 815 increased or opened the position and 710 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in FTNT between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 80

  • Connor, Clark & Lunn Investment Management Ltd.$110M
  • 1832 Asset Management L.P.$69M
  • Gladstone Capital Management LLP$61M
  • TUDOR INVESTMENT CORP ET AL$59M
  • Jump Financial, LLC$52M
  • Railway Pension Investments Ltd$48M

Full exits 89

  • Amundi$314M
  • BESSEMER GROUP INC$297M
  • ACADIAN ASSET MANAGEMENT LLC$116M
  • SG Americas Securities, LLC$114M
  • Penserra Capital Management LLC$94M
  • CANADA LIFE ASSURANCE Co$64M

Largest adds

  • BlackRock, Inc.$5.2B
  • VANGUARD CAPITAL MANAGEMENT LLC$3.0B
  • Invesco Ltd.$2.5B
  • STATE STREET CORP$2.2B
  • VANGUARD PORTFOLIO MANAGEMENT LLC$1.8B
  • GEODE CAPITAL MANAGEMENT, LLC$1.3B

Largest trims

  • VAN ECK ASSOCIATES CORP$305M
  • Sarasin & Partners LLP$116M
  • HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$23M
  • Ardmore Road Asset Management LP$20M
  • Engineers Gate Manager LP$16M
  • Optiver Holding B.V.$4M

Institutional holders

One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.

FundSharesReported value% of valueQuarter
BlackRock, Inc. added62,242,221$9.6B14.5%2026-Q2
VANGUARD CAPITAL MANAGEMENT LLC added40,663,961$6.2B9.5%2026-Q2
STATE STREET CORP added29,630,652$4.6B6.9%2026-Q2
VANGUARD PORTFOLIO MANAGEMENT LLC trimmed24,844,685$3.8B5.8%2026-Q2
Invesco Ltd. added24,621,016$3.8B5.7%2026-Q2
GEODE CAPITAL MANAGEMENT, LLC trimmed17,439,799$2.7B4.1%2026-Q2
NORGES BANK added12,449,356$1.9B2.9%2026-Q2
FIRST TRUST ADVISORS LP trimmed10,815,814$1.7B2.5%2026-Q2
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added10,127,342$1.6B2.4%2026-Q2
Bank of New York Mellon Corp trimmed9,327,182$1.4B2.2%2026-Q2
AQR CAPITAL MANAGEMENT LLC added8,673,742$1.3B2.0%2026-Q2
MORGAN STANLEY trimmed8,561,672$1.3B2.0%2026-Q2
GOLDMAN SACHS GROUP INC trimmed8,101,402$1.2B1.9%2026-Q2
NORDEA INVESTMENT MANAGEMENT AB trimmed6,782,111$1.0B1.6%2026-Q2
Legal & General Group Plc trimmed6,373,269$979M1.5%2026-Q2
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed6,312,496$970M1.5%2026-Q2
NORTHERN TRUST CORP added6,279,098$965M1.5%2026-Q2
JPMORGAN CHASE & CO added4,989,587$775M1.2%2026-Q2
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added4,967,178$763M1.2%2026-Q2
D. E. Shaw & Co., Inc. added4,849,811$745M1.1%2026-Q2
DIMENSIONAL FUND ADVISORS LP trimmed4,285,254$658M1.0%2026-Q2
BANK OF AMERICA CORP /DE/ trimmed4,275,821$657M1.0%2026-Q2
JANE STREET GROUP, LLC added4,082,817$627M1.0%2026-Q2
DEUTSCHE BANK AG\ trimmed3,782,726$581M0.9%2026-Q2
Fundsmith LLP trimmed3,629,938$558M0.8%2026-Q2
VANGUARD FIDUCIARY TRUST CO trimmed3,574,490$549M0.8%2026-Q2
Swedbank AB trimmed3,496,346$537M0.8%2026-Q2
AMERIPRISE FINANCIAL INC added3,372,641$518M0.8%2026-Q2
UBS Group AG added3,172,422$487M0.7%2026-Q2
FMR LLC trimmed3,087,344$474M0.7%2026-Q2
Capital World Investors added2,739,976$421M0.6%2026-Q2
CITIGROUP INC trimmed2,623,609$403M0.6%2026-Q2
JACOBS LEVY EQUITY MANAGEMENT, INC trimmed2,564,536$394M0.6%2026-Q2
CITADEL ADVISORS LLC added2,379,364$366M0.6%2026-Q2
SCHRODER INVESTMENT MANAGEMENT GROUP trimmed2,339,506$359M0.5%2026-Q2
Nuveen, LLC trimmed2,174,455$334M0.5%2026-Q2
TWO SIGMA INVESTMENTS, LP added2,171,408$334M0.5%2026-Q2
Pictet Asset Management Holding SA trimmed2,151,719$331M0.5%2026-Q2
VAN ECK ASSOCIATES CORP trimmed1,992,788$306M0.5%2026-Q2
BARCLAYS PLC trimmed1,841,919$283M0.4%2026-Q2
BNP PARIBAS FINANCIAL MARKETS added1,831,427$281M0.4%2026-Q2
Swiss National Bank trimmed1,773,900$273M0.4%2026-Q2
Robeco Institutional Asset Management B.V. trimmed1,667,939$256M0.4%2026-Q2
VOYA INVESTMENT MANAGEMENT LLC added1,618,214$249M0.4%2026-Q2
PRICE T ROWE ASSOCIATES INC /MD/ added1,616,922$248M0.4%2026-Q2
Mitsubishi UFJ Asset Management Co., Ltd. added1,600,783$246M0.4%2026-Q2
Russell Investments Group, Ltd. added1,579,620$243M0.4%2026-Q2
VICTORY CAPITAL MANAGEMENT INC trimmed1,561,959$240M0.4%2026-Q2
ROYAL BANK OF CANADA trimmed1,531,148$235M0.4%2026-Q2
Sumitomo Mitsui Trust Group, Inc. trimmed1,505,056$231M0.4%2026-Q2
BANK OF MONTREAL /CAN/ trimmed1,502,272$231M0.4%2026-Q2
FEDERATED HERMES, INC. added1,477,221$227M0.3%2026-Q2
WORLDQUANT MILLENNIUM ADVISORS LLC added1,372,630$211M0.3%2026-Q2
Vanguard Global Advisers, LLC trimmed1,346,634$207M0.3%2026-Q2
CANADA PENSION PLAN INVESTMENT BOARD added1,248,237$192M0.3%2026-Q2
Vident Advisory, LLC trimmed1,211,318$186M0.3%2026-Q2
VANGUARD ASSET MANAGEMENT, Ltd added1,199,792$184M0.3%2026-Q2
California Public Employees Retirement System trimmed1,187,902$182M0.3%2026-Q2
HSBC HOLDINGS PLC trimmed1,169,797$179M0.3%2026-Q2
Zurcher Kantonalbank (Zurich Cantonalbank) trimmed1,160,377$178M0.3%2026-Q2
RHUMBLINE ADVISERS trimmed1,154,164$177M0.3%2026-Q2
FUNDSMITH INVESTMENT SERVICES LTD. trimmed1,126,234$173M0.3%2026-Q2
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed1,096,816$169M0.3%2026-Q2
MILLENNIUM MANAGEMENT LLC added1,078,743$166M0.3%2026-Q2
National Pension Service trimmed1,020,902$157M0.2%2026-Q2
MARSHALL WACE, LLP967,900$149M0.2%2026-Q2
PRUDENTIAL FINANCIAL INC added945,216$145M0.2%2026-Q2
TD Asset Management Inc added944,991$145M0.2%2026-Q2
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added944,524$145M0.2%2026-Q2
Alyeska Investment Group, L.P. trimmed926,793$142M0.2%2026-Q2
BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed920,287$141M0.2%2026-Q2
Woodline Partners LP added886,908$136M0.2%2026-Q2
SUSQUEHANNA INTERNATIONAL GROUP, LLP added880,488$135M0.2%2026-Q2
PANAGORA ASSET MANAGEMENT INC added861,638$132M0.2%2026-Q2
ROYAL LONDON ASSET MANAGEMENT LTD trimmed841,090$129M0.2%2026-Q2
OSSIAM added833,968$128M0.2%2026-Q2
Qube Research & Technologies Ltd added827,858$127M0.2%2026-Q2
Vinva Investment Management Ltd added825,869$128M0.2%2026-Q2
ProShare Advisors LLC trimmed795,777$122M0.2%2026-Q2
PRINCIPAL FINANCIAL GROUP INC trimmed794,903$122M0.2%2026-Q2
KING LUTHER CAPITAL MANAGEMENT CORP added776,207$119M0.2%2026-Q2
WELLS FARGO & COMPANY/MN added739,405$114M0.2%2026-Q2
AMERICAN CAPITAL MANAGEMENT INC trimmed729,885$112M0.2%2026-Q2
NATIONAL BANK OF CANADA /FI/ trimmed724,545$111M0.2%2026-Q2
Connor, Clark & Lunn Investment Management Ltd. added716,766$110M0.2%2026-Q2
Allianz Asset Management GmbH trimmed711,102$89M0.1%2026-Q2
STIFEL FINANCIAL CORP trimmed703,513$108M0.2%2026-Q2
FRANKLIN RESOURCES INC added700,953$108M0.2%2026-Q2
Public Sector Pension Investment Board added691,577$106M0.2%2026-Q2
JONES FINANCIAL COMPANIES LLLP added672,838$102M0.2%2026-Q2
NEW YORK STATE COMMON RETIREMENT FUND trimmed651,757$100M0.2%2026-Q2
JUPITER ASSET MANAGEMENT LTD trimmed645,072$99M0.2%2026-Q2
Empower Advisory Group, LLC trimmed635,048$98M0.1%2026-Q2
Universal- Beteiligungs- und Servicegesellschaft mbH trimmed597,603$92M0.1%2026-Q2
VOLORIDGE INVESTMENT MANAGEMENT, LLC added588,443$90M0.1%2026-Q2
PFA Pension, Forsikringsaktieselskab added588,212$90M0.1%2026-Q2
Quantinno Capital Management LP added583,026$90M0.1%2026-Q2
AMERICAN CENTURY COMPANIES INC added581,645$89M0.1%2026-Q2
ENVESTNET ASSET MANAGEMENT INC added570,526$88M0.1%2026-Q2
Man Group plc added570,084$88M0.1%2026-Q2

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership