Fortinet Ownership | Who Owns Fortinet?


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Fortinet Ownership Summary


Fortinet is owned by 66.30% institutional investors, 17.60% insiders, and 16.09% retail investors. Vanguard group is the largest institutional shareholder, holding 8.90% of FTNT shares. Vanguard US Total Market Shares ETF is the top mutual fund, with 2.52% of its assets in Fortinet shares.

FTNT Ownership Benchmark


TypeName% Inst% Insiders% Retail
StockFortinet66.30%17.60%16.09%
SectorTechnology Stocks 44.47%12.07%43.46%

Institutional Shareholders


Top Institutional Shareholders by Total Shares

HolderShares% HoldingValue
Vanguard group68.12M8.90%$6.44B
Blackrock funding, inc. /de56.63M7.40%$5.35B
Blackrock55.24M7.25%$3.33B
State street26.52M3.48%$1.60B
Bank of new york mellon15.95M2.09%$1.51B
Geode capital management15.27M2.00%$1.44B
Price t rowe associates inc /md/11.20M1.46%$1.06B
Fundsmith llp10.29M1.35%$619.92M
Morgan stanley8.69M1.14%$523.94M
Invesco8.39M1.10%$792.56M

Top Institutional Shareholders by % of Total Assets

HolderShares% AssetsValue
Aldebaran financial73.44K8.17%$6.99M
2xideas577.90K7.31%$54.60M
American capital management1.49M5.24%$140.88M
Palmer knight95.09K4.03%$8.98M
Delta global management lp496.51K3.89%$46.91M
Account management34.57K3.82%$3.27M
Castellan group87.21K3.57%$8.24M
Dsm capital partners2.43M3.55%$229.70M
Warther private wealth108.30K3.44%$10.23M
Knuff119.55K3.43%$11.30M

Top Buyers

HolderShares% AssetsChange
Norges bank7.66M0.10%7.66M
Fmr6.53M0.04%2.85M
Arrowstreet capital, limited partnership7.62M0.58%2.15M
Fundsmith llp10.29M2.53%2.11M
Bessemer group4.91M0.76%2.06M

Top Sellers

HolderShares% AssetsChange
Schroder investment management group---2.74M
Swedbank ab4.79M0.56%-2.02M
Millennium management1.82M0.08%-1.81M
Legal & general group5.80M0.14%-1.80M
D. e. shaw4.38M0.30%-1.77M

New Positions

HolderShares% AssetsChangeValue
Norges bank7.66M0.10%7.66M$724.05M
Holocene advisors, lp739.68K0.22%739.68K$69.88M
Raymond james financial734.34K0.03%734.34K$69.38M
Lord, abbett250.00K0.07%250.00K$23.62M
Fjarde ap-fonden (the fourth swedish national pensionfund)125.89K0.09%125.89K$7.59M

Sold Out

HolderChange
Mendota financial group-1.00
Tfo-tdc-1.00
Oliver lagore vanvalin investment group-3.00
Hm payson-4.00
Studio investment management-5.00

Institutional Ownership Trends


DateHoldingsChange %SharesChange %OwnershipChange %Increased PositionChange %Decreased PositionChange %
Dec 31, 20241,2869.17%508,216,0282.59%661.58%67114.31%3972.58%
Sep 30, 20241,1614.88%493,744,892-2.48%641.47%5779.70%3822.41%
Jun 30, 20241,091-5.54%505,755,4920.62%661.54%519-5.64%367-8.48%
Mar 31, 20241,1554.52%502,620,5693.38%651.63%55011.11%401-7.82%
Dec 31, 20231,105-0.36%486,173,151-1.79%631.60%495-3.88%4356.62%

Top Mutual Funds Shareholders


HolderShares% HoldingChange
Vanguard US Total Market Shares ETF19.42M2.52%79.38K
Vanguard Total Stock Mkt Idx Inv19.33M2.51%67.60K
Vanguard Institutional 500 Index Trust17.64M2.29%116.58K
Invesco QQQ Trust15.84M2.06%-13.74K
Fidelity 500 Index7.97M1.04%35.48K
SPDR® S&P 500 ETF7.92M1.03%-115.94K
Fundsmith Equity I Acc7.82M1.02%-
iShares Core S&P 500 ETF7.76M1.01%22.50K
SPDR® S&P 500® ETF Trust7.71M1.00%-40.39K
SPDR® S&P 500® ETF7.62M0.99%-127.91K

Recent Insider Transactions


DateNameRoleActivityValue
Mar 12, 2025GOLDMAN KENNETH A-Sell$200.00K
Mar 11, 2025Xie Michael VP, ENGINEERING & CTOSell$14.92M
Mar 11, 2025Xie Michael VP, ENGINEERING & CTOSell$9.04M
Mar 11, 2025Xie Michael VP, ENGINEERING & CTOSell$952.69K
Mar 11, 2025Xie Michael VP, ENGINEERING & CTOSell$6.94M

Insider Transactions Trends


DateBuySell
2025 Q1128
2024 Q4130
2024 Q3118
2024 Q2117
2024 Q1119

FTNT Ownership FAQ


Who owns the most shares of Fortinet?

Fortinet’s largest shareholders are Vanguard group (68.12M shares, 8.90%), Blackrock funding, inc. /de (56.63M shares, 7.40%), and Blackrock (55.24M shares, 7.25%). Together, they hold 23.55% of Fortinet’s total shares outstanding.

Does Blackrock own Fortinet?

Yes, BlackRock owns 7.25% of Fortinet, totaling 55.24M shares as of Jun 2024. This represents 0.08% of BlackRock's total assets, with a market value of 3.33B$. In the last quarter, BlackRock decreased its holdings by 2.24K shares, a 0% change.

Who is Fortinet’s biggest shareholder by percentage of total assets invested?

Aldebaran financial is Fortinet’s biggest shareholder by percentage of total assets invested, with 8.17% of its assets in 73.44K Fortinet shares, valued at 6.99M$.

Who is the top mutual fund holder of Fortinet shares?

Vanguard US Total Market Shares ETF is the top mutual fund holder of Fortinet shares, with 2.52% of its total shares outstanding invested in 19.42M Fortinet shares.

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