Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in FTNT held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 62.2M | $9.56B | +0.4% | 8.495% | 0.14% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 40.7M | $6.25B | +2.3% | 5.550% | 0.13% |
| 3 | STATE STREET CORP | 29.6M | $4.55B | +2.4% | 4.044% | 0.07% |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 24.8M | $3.82B | -0.8% | 3.391% | 0.17% |
| 5 | Invesco Ltd. | 24.6M | $3.78B | +58.6% | 3.361% | 0.30% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 17.4M | $2.68B | -0.1% | 2.380% | 0.14% |
| 7 | NORGES BANK | 12.4M | $1.91B | — | 1.699% | 0.19% |
| 8 | FIRST TRUST ADVISORS LP | 10.8M | $1.66B | -6.0% | 1.476% | 0.98% |
| 9 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 10.1M | $1.56B | +4.9% | 1.382% | 0.69% |
| 10 | Bank of New York Mellon Corp | 9.3M | $1.43B | -30.0% | 1.273% | 0.24% |
| 11 | GOLDMAN SACHS GROUP INC | 8.8M | $1.35B | -10.1% | 1.202% | 0.12% |
| 12 | AQR CAPITAL MANAGEMENT LLC | 8.7M | $1.33B | +11.6% | 1.184% | 0.46% |
| 13 | MORGAN STANLEY | 8.6M | $1.32B | -3.2% | 1.169% | 0.07% |
| 14 | JANE STREET GROUP, LLC | 7.5M | $1.15B | +245.8% | 1.021% | 0.10% |
| 15 | NORDEA INVESTMENT MANAGEMENT AB | 6.8M | $1.03B | -1.9% | 0.926% | 0.84% |
| 16 | Legal & General Group Plc | 6.4M | $979.1M | -1.6% | 0.870% | 0.20% |
| 17 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 6.3M | $969.7M | -16.4% | 0.862% | 0.18% |
| 18 | NORTHERN TRUST CORP | 6.3M | $964.6M | +0.9% | 0.857% | 0.11% |
| 19 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 5.1M | $786.0M | +6.4% | 0.698% | 0.06% |
| 20 | JPMORGAN CHASE & CO | 5.0M | $775.5M | +5.4% | 0.681% | 0.04% |
| 21 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 5.0M | $763.1M | +6.0% | 0.678% | 0.10% |
| 22 | D. E. Shaw & Co., Inc. | 4.8M | $745.0M | +65.7% | 0.662% | 0.35% |
| 23 | Amundi | 4.7M | $727.1M | +23.2% | 0.646% | 0.17% |
| 24 | CITADEL ADVISORS LLC | 4.4M | $680.7M | +46.0% | 0.605% | 0.04% |
| 25 | DIMENSIONAL FUND ADVISORS LP | 4.3M | $658.3M | -2.2% | 0.585% | 0.12% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in FTNT — a direct measure of their conviction.
Filings activity in FTNT during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new FTNT position in Q2 2026
Institutions that fully closed their FTNT position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 1,580 | +20% | 70.76% | +3.21 pp | $77.07B | +100% |
| Q1 2026 | 1,317 | +2.2% | 67.55% | 0.62 pp | $38.60B | +1.6% |
| Q4 2025 | 1,289 | +4.2% | 68.17% | +1.67 pp | $37.99B | 3.1% |
| Q3 2025 | 1,237 | 8.3% | 66.50% | 1.33 pp | $39.20B | 23% |
| Q2 2025 | 1,349 | +3.2% | 67.83% | +1.59 pp | $51.12B | +13% |
| Q1 2025 | 1,307 | +6.3% | 66.24% | +0.44 pp | $45.19B | +3.3% |
| Q4 2024 | 1,229 | +14% | 65.80% | +1.59 pp | $43.73B | +25% |
| Q3 2024 | 1,078 | — | 64.21% | — | $35.04B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying FTNT stock.
Based on Q2 2026 13F filings, institutional ownership of Fortinet, Inc. stands at 70.8%, held across 1,580 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of FTNT, with approximately 62,242,221 shares worth $9.56B as of Q2 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of FTNT, including JANE STREET GROUP, LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for FTNT is 87 out of 100 (Strong Smart Money). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
327 institutions opened new positions in FTNT during Q2 2026, while 94 fully exited. 1,132 added to existing positions and 65 trimmed.
FTNT institutional ownership rose by 3.21 percentage points quarter-over-quarter, with a net change of +263 holders.
The top 10 institutions account for 48.3% of all reported 13F value in FTNT, and the top 25 account for 66.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Fortinet, Inc. (FTNT) Institutional Ownership