Ranked by reported Q1 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. | 62.0M | $5.06B | +1.2% | 8.375% | 0.09% |
| 2 | STATE STREET CORP | 28.9M | $2.36B | -0.7% | 3.910% | 0.08% |
| 3 | GEODE CAPITAL MANAGEMENT, LLC | 17.5M | $1.43B | +2.9% | 2.360% | 0.09% |
| 4 | Bank of New York Mellon Corp | 13.3M | $1.09B | -8.1% | 1.802% | 0.20% |
| 5 | FIRST TRUST ADVISORS LP | 11.5M | $940.3M | +45.5% | 1.555% | 0.67% |
| 6 | Invesco Ltd. | 10.0M | $817.6M | -7.6% | 1.352% | 0.13% |
| 7 | GOLDMAN SACHS GROUP INC | 9.8M | $800.5M | +17.0% | 1.324% | 0.09% |
| 8 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 9.7M | $788.7M | +87.4% | 1.304% | 0.43% |
| 9 | MORGAN STANLEY | 8.8M | $722.8M | +6.4% | 1.195% | 0.04% |
| 10 | AQR CAPITAL MANAGEMENT LLC | 7.8M | $627.9M | +89.1% | 1.050% | 0.29% |
| 11 | UBS ASSET MANAGEMENT AMERICAS INC | 7.6M | $617.3M | +14.2% | 1.021% | 0.13% |
| 12 | NORDEA INVESTMENT MANAGEMENT AB | 6.9M | $554.1M | +0.1% | 0.934% | 0.52% |
| 13 | Legal & General Group Plc | 6.5M | $529.4M | -6.2% | 0.876% | 0.12% |
| 14 | DEUTSCHE BANK AG\ | 6.4M | $526.6M | -4.3% | 0.871% | 0.17% |
| 15 | NORTHERN TRUST CORP | 6.2M | $508.4M | -2.3% | 0.841% | 0.07% |
| 16 | Fundsmith LLP | 6.2M | $503.1M | -5.5% | 0.832% | 3.92% |
| 17 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 4.8M | $392.8M | +9.4% | 0.650% | 0.04% |
| 18 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 4.7M | $383.0M | +3.5% | 0.633% | 0.06% |
| 19 | BANK OF AMERICA CORP /DE/ | 4.6M | $379.5M | +10.7% | 0.628% | 0.03% |
| 20 | DIMENSIONAL FUND ADVISORS LP | 4.4M | $358.0M | +0.5% | 0.592% | 0.07% |
| 21 | Amundi | 3.8M | $314.1M | +6.1% | 0.519% | 0.09% |
| 22 | Swedbank AB | 3.7M | $304.1M | +4.4% | 0.503% | 0.32% |
| 23 | FMR LLC | 3.4M | $277.1M | -5.6% | 0.458% | 0.01% |
| 24 | Pictet Asset Management Holding SA | 3.3M | $268.4M | +4.2% | 0.444% | 0.29% |
| 25 | UBS Group AG | 3.1M | $251.5M | -8.8% | 0.416% | 0.04% |
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 Q1 2026, grouped by how each filer changed its position.
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 |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,278 | +0.1% | 29.14% | 5.37 pp | $31.54B | 16% |
| Q4 2025 | 1,277 | +4.8% | 34.51% | 1.14 pp | $37.36B | 3.2% |
| Q3 2025 | 1,219 | 9.6% | 35.65% | 11.57 pp | $38.59B | 25% |
| Q2 2025 | 1,349 | +3.2% | 47.22% | +5.48 pp | $51.12B | +13% |
| Q1 2025 | 1,307 | +6.3% | 41.74% | +1.34 pp | $45.19B | +3.3% |
| Q4 2024 | 1,229 | +14% | 40.40% | +8.03 pp | $43.73B | +25% |
| Q3 2024 | 1,078 | +5.6% | 32.37% | +7.08 pp | $35.04B | +28% |
| Q2 2024 | 1,021 | — | 25.29% | — | $27.38B | — |
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 Q1 2026 13F filings, institutional ownership of Fortinet, Inc. stands at 29.1%, held across 1,278 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of FTNT, with approximately 61,968,733 shares worth $5.06B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of FTNT, including SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for FTNT is 39 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
174 institutions opened new positions in FTNT during Q1 2026, while 173 fully exited. 738 added to existing positions and 361 trimmed.
FTNT institutional ownership fell by 5.37 percentage points quarter-over-quarter, with a net change of +1 holders.
The top 10 institutions account for 46.4% of all reported 13F value in FTNT, and the top 25 account for 66.0%.
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