undamentalytics Newsletter

Fortinet: which funds bought and sold

Institutions that bought and sold Fortinet shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 818 institutions that filed 13F reports for both quarters added to or opened positions in Fortinet, and 648 cut or closed them. Together they sold a net 3.0M shares, −0.6% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 11.1M shares (+20.3%); index fund managers were net buyers of 1.7M shares (+0.9%). 329 opened a new position and 95 sold out entirely.

Bought, Q2 2026 818 institutions, 329 of them new holders Sold, Q2 2026 648 institutions, 95 of them sold out
Net change, all compared −3.0M shares (−0.6%)
Net change, active managers +11.1M shares (+20.3%), 46 bought, 30 sold

Buyers versus sellers

institutions compared, 1,625
Active managers and hedge funds 46 bought · 30 sold · +11.1M
Index fund managers 6 bought · 6 sold · +1.7M
Other institutions 766 bought · 612 sold · −15.7M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Jane Street Group, LLC +3.9M +2769.3% 4.1M $627M
Acadian Asset Management LLC Active manager +3.0M +210.8% 4.4M $679M
D. E. Shaw & Co., Inc. Hedge fund +2.0M +69.1% 4.8M $745M
Ameriprise Financial Inc +1.4M +73.0% 3.4M $518M
Worldquant Millennium Advisors LLC Hedge fund +1.4M +39790.4% 1.4M $211M
Citadel Advisors LLC Hedge fund +1.4M +131.6% 2.4M $366M
Capital World Investors Active manager +1.1M +70.6% 2.7M $421M
Millennium Management LLC Hedge fund +1.1M +3795.5% 1.1M $166M
Two Sigma Investments, LP Hedge fund +1.0M +93.1% 2.2M $334M
Vanguard Capital Management LLC Index funds +909K +2.3% 40.7M $6.2B
AQR Capital Management LLC Hedge fund +902K +11.6% 8.7M $1.3B
Amundi +890K +23.1% 4.7M $727M
Qube Research & Technologies Ltd Hedge fund +778K +1571.6% 828K $127M
HRT Financial LP +748K +411.7% 930K $143M
Connor, Clark & Lunn Investment Management Ltd. +717K New position 717K $110M
Panagora Asset Management Inc Active manager +705K +450.5% 862K $132M
State Street Corp Index funds +701K +2.4% 29.6M $4.6B
Susquehanna International Group, LLP +590K +203.6% 880K $135M
Public Sector Pension Investment Board +578K +510.7% 692K $106M
BNP Paribas Financial Markets +573K +45.5% 1.8M $281M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Van Eck Associates Corp −5.5M −73.4% 2.0M $306M
Bank Of New York Mellon Corp −4.0M −30.0% 9.3M $1.4B
Deutsche Bank Ag\ −2.7M −41.3% 3.8M $581M
Fundsmith LLP Active manager −2.5M −41.0% 3.6M $558M
Bessemer Group Inc −2.5M −67.6% 1.2M $181M
Sarasin & Partners LLP −1.5M −96.6% 51K $7.8M
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC −1.2M −16.4% 6.3M $970M
Pictet Asset Management Holding SA −1.1M −34.5% 2.2M $331M
Invesco Ltd. −914K −3.6% 24.6M $3.8B
Goldman Sachs Group Inc −876K −9.8% 8.1M $1.2B
First Trust Advisors LP −690K −6.0% 10.8M $1.7B
Junto Capital Management LP Hedge fund −662K Sold out 0 —
BNP Paribas Asset Management Holding S.A. −660K −41.7% 920K $141M
Robeco Institutional Asset Management B.V. −583K −25.9% 1.7M $256M
Fundsmith Investment Services Ltd. −534K −32.1% 1.1M $173M
Jacobs Levy Equity Management, Inc Active manager −488K −16.0% 2.6M $394M
Healthcare Of Ontario Pension Plan Trust Fund −460K −69.0% 207K $31.8M
Royal Bank Of Canada −443K −22.4% 1.5M $235M
Empower Advisory Group, LLC −385K −37.8% 635K $97.6M
Mirae Asset Global Etfs Holdings Ltd. −374K −25.4% 1.1M $169M

New positions

largest by value

Sold out

largest by value

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
1,564
Ten largest holders
48.1%
of 13F-reported shares
Index fund managers
38.2%
of 13F-reported shares
Active managers and hedge funds
13.0%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 46 30 10 6 +11.1M +20.3%
Index fund managers 6 6 0 0 +1.7M +0.9%
Other institutions 766 612 319 89 −15.7M −6.3%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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