FortinetFTNT
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 1,328 institutions reported holding Fortinet Inc. (FTNT) in their 13F filings, up 60 from Q3 2025. 135 opened new positions and 121 sold out. The largest holders were Vanguard Group Inc. ($5.9B), BlackRock, Inc. ($4.9B) and State Street Corp. ($2.3B). 9 famous investors held it, including Terry Smith (3.0% of Fundsmith's portfolio), Cliff Asness (0.2% of AQR Capital Management's portfolio) and David E. Shaw (0.1% of D. E. Shaw & Co.'s portfolio).
- Company
- Fortinet Inc.
- Sector
- Technology
- CUSIP
- 34959E109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 135 | $584.7M |
| Exits | 121 | $273.9M |
All 13F filers, Q3 2025 → Q4 2025: 52,122,324 shares bought and 35,086,448 shares sold, net +17,035,876 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 1,328 holders
| Vanguard Group Inc. | 0.08% | Reduce -2.4% | 73,745,561 | $5.9B |
| BlackRock, Inc. | 0.08% | Reduce -1.5% | 61,215,505 | $4.9B |
| State Street Corp. | 0.08% | Reduce -1.8% | 29,140,849 | $2.3B |
| Invesco Ltd. | 0.21% | Add +154.6% | 27,539,508 | $2.2B |
| Geode Capital Management, LLC | 0.08% | Reduce -1.2% | 16,975,909 | $1.3B |
| Norges Bank | 0.12% | — | 14,518,531 | $1.2B |
| Bank of New York Mellon Corp | 0.20% | Add +6.6% | 14,504,597 | $1.2B |
| Morgan Stanley | 0.04% | Reduce -22.7% | 8,312,273 | $660.1M |
| Goldman Sachs Group Inc. | 0.09% | Add +61.0% | 8,123,382 | $645.1M |
| First Trust Advisors LP | 0.46% | Add +4.4% | 7,907,686 | $627.9M |
| Van Eck Associates Corp. | 0.51% | Add +38.9% | 7,730,954 | $613.9M |
| Nordea Investment Management AB | 0.47% | Reduce -0.2% | 6,905,674 | $550.3M |
| Legal & General Group Plc | 0.12% | Add +12.9% | 6,905,567 | $548.4M |
| Deutsche Bank AG | 0.17% | Add +17.9% | 6,732,152 | $534.6M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.11% | Add +4.0% | 6,615,443 | $525.3M |
| Fundsmith | 3.02% | Reduce -22.6% | 6,516,011 | $517.4M |
| Northern Trust Corp. | 0.06% | Reduce -6.6% | 6,366,265 | $505.5M |
| Arrowstreet Capital, Limited Partnership | 0.24% | Add +10.9% | 5,150,830 | $409.0M |
| Ameriprise Financial Inc. | 0.08% | Reduce -11.1% | 4,587,030 | $370.3M |
| Charles Schwab Investment Management Inc. | 0.06% | Add +0.1% | 4,528,790 | $359.6M |
| Dimensional Fund Advisors LP | 0.07% | Add +13.4% | 4,361,390 | $346.4M |
| Bank of America Corp. | 0.02% | Add +14.1% | 4,196,944 | $333.3M |
| T. Rowe Price Associates Inc. | 0.04% | Reduce -33.2% | 4,152,703 | $329.8M |
| AQR Capital Management | 0.17% | Add +76.2% | 4,109,016 | $326.3M |
| Amundi | 0.09% | Add +10.1% | 3,621,646 | $287.6M |
| FMR LLC | 0.01% | Reduce -6.8% | 3,592,559 | $285.3M |
| Swedbank AB | 0.27% | Reduce -20.4% | 3,564,910 | $283.1M |
| Pictet Asset Management Holding SA | 0.24% | Add +25.0% | 3,155,993 | $250.7M |
| Bessemer Group Inc. | 0.38% | Reduce -3.0% | 3,141,632 | $249.5M |
| UBS Group AG | 0.05% | Reduce -10.9% | 2,955,415 | $234.7M |
| Jacobs Levy Equity Management, Inc. | 0.89% | Add +39.7% | 2,917,952 | $231.7M |
| Sarasin & Partners LLP | 2.29% | Reduce -4.0% | 2,778,041 | $220.6M |
| JPMorgan Chase & Co. | 0.01% | Reduce -30.0% | 2,768,033 | $219.8M |
| Barclays PLC | 0.09% | Reduce -27.0% | 2,759,387 | $219.1M |
| Royal Bank of Canada | 0.04% | Add +30.2% | 2,543,440 | $202.0M |
| Citigroup Inc. | 0.14% | Reduce -10.4% | 2,536,371 | $201.4M |
| Robeco Institutional Asset Management B.V. | 0.29% | Add +54.8% | 2,522,604 | $200.3M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.23% | Add +18.8% | 1,943,490 | $154.4M |
| Bank of Montreal | 0.06% | Reduce -1.6% | 1,875,591 | $150.6M |
| Two Sigma Advisers, LP | 0.28% | Add +2.6% | 1,838,720 | $146.0M |
| Nuveen, LLC | 0.04% | Add +22.0% | 1,822,092 | $144.7M |
| Fundsmith Investment Services LTD. | 2.64% | Reduce -20.2% | 1,818,233 | $144.4M |
| Swiss National Bank | 0.08% | Reduce -4.8% | 1,784,800 | $141.7M |
| D. E. Shaw & Co. | 0.11% | Add +75.3% | 1,754,483 | $139.3M |
| BNP Paribas Financial Markets | 0.09% | Add +23.0% | 1,675,881 | $133.1M |
| Victory Capital Management Inc. | 0.08% | Add +1.0% | 1,667,582 | $132.4M |
| Sumitomo Mitsui Trust Group, Inc. | 0.08% | Reduce -2.5% | 1,615,265 | $128.3M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.15% | Add +17.6% | 1,612,613 | $128.1M |
| Voya Investment Management LLC | 0.14% | Reduce -1.3% | 1,604,757 | $127.4M |
| Worldquant Millennium Advisors LLC | 0.49% | New | 1,582,366 | $125.7M |
| HSBC Holdings PLC | 0.07% | Reduce -24.9% | 1,569,290 | $124.8M |
| Vident Advisory, LLC | 1.05% | Add +1.8% | 1,405,960 | $111.6M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.07% | Add +3.4% | 1,409,465 | $109.8M |
| Canada Pension Plan Investment Board | 0.07% | Add +190.8% | 1,318,488 | $104.7M |
| ProShare Advisors LLC | 0.18% | Reduce -33.6% | 1,310,922 | $104.1M |
| Penserra Capital Management LLC | 1.22% | Reduce -5.0% | 1,287,910 | $102.3M |
| Capital World Investors | 0.01% | New | 1,262,511 | $100.3M |
| CCLA Investment Management | 1.60% | Reduce -15.7% | 1,253,998 | $99.6M |
| Montrusco Bolton Investments Inc. | 1.22% | Reduce -0.7% | 1,228,784 | $97.6M |
| National Pension Service | 0.07% | Reduce -45.1% | 1,220,008 | $96.9M |
| Millennium Management | 0.07% | Add +142.9% | 1,199,606 | $95.3M |
| Rhumbline Advisers | 0.08% | Reduce -2.7% | 1,190,392 | $94.5M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.20% | Reduce -4.3% | 1,150,161 | $91.3M |
| California Public Employees Retirement System | 0.05% | Reduce -28.6% | 1,148,564 | $91.2M |
| Two Sigma Investments, LP | 0.14% | Reduce -13.7% | 1,141,980 | $90.7M |
| Citadel Advisors | 0.06% | Add +8.1% | 1,101,413 | $87.5M |
| Royal London Asset Management Ltd. | 0.18% | Reduce -2.3% | 1,047,940 | $83.2M |
| Marshall Wace, LLP | 0.08% | Add +101.3% | 1,006,400 | $79.9M |
| Russell Investments Group, Ltd. | 0.09% | Add +14.8% | 1,004,686 | $79.9M |
| California State Teachers Retirement System | 0.08% | Reduce -1.1% | 970,561 | $77.1M |
| Empower Advisory Group, LLC | 0.21% | Reduce -3.4% | 966,752 | $76.8M |
| TD Asset Management Inc | 0.06% | Reduce -4.1% | 951,517 | $75.6M |
| American Capital Management Inc. | 3.24% | Reduce -3.9% | 925,753 | $73.5M |
| Voloridge Investment Management, LLC | 0.25% | New | 911,933 | $72.4M |
| SG Americas Securities, LLC | 0.09% | Add +440.0% | 867,858 | $68.9M |
| Stifel Financial Corp. | 0.06% | Reduce -4.3% | 814,317 | $64.7M |
| National Bank of Canada | 0.07% | Add +175.4% | 800,386 | $63.6M |
| Principal Financial Group Inc. | 0.03% | Add +0.5% | 787,234 | $62.5M |
| Wells Fargo & Company | 0.01% | Reduce -3.7% | 775,483 | $61.6M |
| CANADA LIFE ASSURANCE Co | 0.11% | Reduce -12.2% | 769,584 | $61.1M |
| Mitsubishi UFJ Trust & Banking Corp | 0.14% | Reduce -38.7% | 767,758 | $61.0M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.10% | Reduce -8.9% | 755,286 | $60.2M |
| HRT Financial LP | 0.18% | New | 729,471 | $57.9M |
| Allianz Asset Management GmbH | 0.07% | Reduce -69.3% | 728,402 | $57.8M |
| Clearbridge Investments, LLC | 0.05% | Reduce -27.3% | 708,668 | $56.3M |
| New York State Common Retirement Fund | 0.07% | Reduce -9.7% | 707,857 | $56.2M |
| Alliancebernstein L.P. | 0.02% | Reduce -0.5% | 701,654 | $55.7M |
| Ossiam | 1.10% | Reduce -3.0% | 691,803 | $54.9M |
| Man Group plc | 0.10% | Reduce -11.3% | 678,455 | $53.9M |
| Jones Financial Companies LLLP | 0.03% | Add +5.5% | 664,931 | $52.8M |
| King Luther Capital Management Corp. | 0.22% | Reduce -1.1% | 664,371 | $52.8M |
| Jain Global LLC | 0.50% | New | 612,563 | $48.6M |
| Pinebridge Investments LLC | 0.36% | — | 609,007 | $48.4M |
| Qube Research & Technologies Ltd | 0.07% | New | 604,497 | $48.0M |
| New York State Teachers Retirement System | 0.09% | Reduce -2.1% | 594,821 | $47.2M |
| Argent Capital Management LLC | 1.32% | Reduce -3.8% | 586,688 | $46.6M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.08% | Reduce -48.6% | 572,523 | $45.5M |
| Holocene Advisors, LP | 0.09% | No change | 563,000 | $44.7M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.26% | Add +38.4% | 560,747 | $44.5M |
| PFA Pension, Forsikringsaktieselskab | 0.13% | — | 553,188 | $44.4M |
"% of holder's portfolio" is FTNT's weight in each manager's 13F, not the share of Fortinet Inc. the manager owns.