| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| VANGUARD GROUP INC | 10% | +3.7% | $6,169,985,108 | +$45,705,944 | 76,144,454 | +0.75% | The Vanguard Group | 28 Nov 2025 |
As of 31 Dec 2025, 1,282 institutional investors reported holding 491,290,188 shares of Fortinet, Inc. - Common Stock (FTNT). This represents 66% of the company’s total 744,325,064 outstanding shares.
The largest institutional shareholders of Fortinet, Inc. - Common Stock (FTNT) together control 44% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | 9.9% | 73,745,561 | -2.4% | 0.08% | $5,856,134,998 |
| BlackRock, Inc. | 8.2% | 61,215,505 | -1.5% | 0.08% | $4,861,123,216 |
| STATE STREET CORP | 3.9% | 29,140,849 | -1.8% | 0.08% | $2,314,074,819 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.3% | 16,975,909 | -1.2% | 0.08% | $1,345,493,527 |
| NORGES BANK | 2% | 14,518,531 | 0.12% | $1,152,916,547 | |
| Bank of New York Mellon Corp | 1.9% | 14,504,597 | +6.6% | 0.2% | $1,151,810,044 |
| Invesco Ltd. | 1.5% | 10,832,583 | +0.15% | 0.13% | $860,215,416 |
| MORGAN STANLEY | 1.1% | 8,312,273 | -23% | 0.04% | $660,077,753 |
| GOLDMAN SACHS GROUP INC | 1.1% | 8,121,503 | +61% | 0.09% | $644,928,533 |
| FIRST TRUST ADVISORS LP | 1.1% | 7,907,686 | +4.4% | 0.46% | $627,949,321 |
| VAN ECK ASSOCIATES CORP | 1% | 7,730,954 | +39% | 0.51% | $613,915,000 |
| NORDEA INVESTMENT MANAGEMENT AB | 0.93% | 6,905,674 | -0.24% | 0.47% | $550,313,161 |
| Legal & General Group Plc | 0.93% | 6,905,567 | +13% | 0.12% | $548,371,077 |
| DEUTSCHE BANK AG\ | 0.9% | 6,732,152 | +18% | 0.17% | $534,600,188 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.89% | 6,615,443 | +4% | 0.11% | $525,332,327 |
| Fundsmith LLP | 0.88% | 6,516,011 | -23% | 3% | $517,436,434 |
| NORTHERN TRUST CORP | 0.86% | 6,366,265 | -6.6% | 0.06% | $505,545,105 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 0.69% | 5,150,830 | +11% | 0.24% | $409,027,410 |
| AMERIPRISE FINANCIAL INC | 0.62% | 4,587,030 | -11% | 0.08% | $370,261,834 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.61% | 4,528,790 | +0.1% | 0.06% | $359,631,237 |
| DIMENSIONAL FUND ADVISORS LP | 0.59% | 4,361,390 | +13% | 0.07% | $346,358,842 |
| BANK OF AMERICA CORP /DE/ | 0.56% | 4,196,944 | +14% | 0.02% | $333,279,339 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 0.56% | 4,152,703 | -33% | 0.04% | $329,767,000 |
| AQR CAPITAL MANAGEMENT LLC | 0.55% | 4,109,016 | +76% | 0.17% | $326,296,930 |
| Amundi | 0.49% | 3,621,646 | +10% | 0.09% | $287,594,908 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 491,290,188 | $39,009,573,853 | +$1,141,737,121 | $79.41 | 1,282 |
| 2025 Q3 | 478,269,446 | $40,218,890,089 | -$3,754,411,537 | $84.08 | 1,256 |
| 2025 Q2 | 515,695,045 | $54,450,709,492 | +$1,461,402,555 | $105.72 | 1,364 |
| 2025 Q1 | 504,630,093 | $48,512,256,060 | -$664,633,469 | $96.26 | 1,336 |
| 2024 Q4 | 510,639,991 | $48,260,508,219 | +$1,080,734,950 | $94.48 | 1,279 |
| 2024 Q3 | 496,224,636 | $38,460,168,045 | -$794,142,837 | $77.55 | 1,108 |
| 2024 Q2 | 505,505,849 | $30,467,489,319 | +$250,686,099 | $60.27 | 1,058 |
| 2024 Q1 | 499,725,623 | $34,098,593,183 | +$335,466,983 | $68.31 | 1,095 |
| 2023 Q4 | 493,732,256 | $28,902,467,438 | -$954,253,241 | $58.53 | 1,049 |
| 2023 Q3 | 509,416,961 | $29,893,636,194 | -$832,701,574 | $58.68 | 1,053 |
| 2023 Q2 | 521,291,018 | $39,353,791,277 | +$87,497,222 | $75.59 | 1,090 |
| 2023 Q1 | 521,130,739 | $34,614,959,680 | -$347,668,930 | $66.46 | 978 |
| 2022 Q4 | 530,265,659 | $25,927,320,667 | +$660,827,975 | $48.89 | 936 |
| 2022 Q3 | 515,876,325 | $25,372,068,604 | -$1,323,421,572 | $49.13 | 868 |
| 2022 Q2 | 521,422,332 | $29,506,668,662 | +$23,326,742,060 | $56.58 | 914 |
| 2022 Q1 | 107,131,939 | $36,596,694,270 | -$585,090,415 | $341.74 | 939 |
| 2021 Q4 | 108,584,517 | $38,994,410,316 | -$868,320,258 | $359.40 | 955 |
| 2021 Q3 | 111,109,810 | $32,445,268,109 | -$575,025,253 | $292.04 | 856 |
| 2021 Q2 | 113,440,801 | $27,048,043,452 | -$765,714,477 | $238.19 | 767 |
| 2021 Q1 | 116,669,930 | $21,473,875,154 | +$1,319,012,697 | $184.42 | 714 |
| 2020 Q4 | 109,893,264 | $16,305,138,826 | -$214,782,203 | $148.53 | 702 |
| 2020 Q3 | 111,647,781 | $13,146,681,527 | -$219,189,891 | $117.81 | 663 |
| 2020 Q2 | 113,170,925 | $15,540,078,786 | -$605,366,872 | $137.27 | 684 |
| 2020 Q1 | 117,926,689 | $11,945,132,619 | -$477,914,841 | $101.17 | 573 |
| 2019 Q4 | 122,450,682 | $13,075,091,707 | +$215,342,936 | $106.76 | 607 |
| 2019 Q3 | 120,903,276 | $9,273,947,771 | -$84,061,665 | $76.76 | 546 |
| 2019 Q2 | 122,064,013 | $9,366,385,509 | -$303,590,139 | $76.83 | 544 |
| 2019 Q1 | 126,552,122 | $10,620,882,274 | +$19,788,296 | $83.97 | 565 |
| 2018 Q4 | 126,957,369 | $8,938,745,397 | +$334,652,267 | $70.43 | 531 |
| 2018 Q3 | 120,816,275 | $11,141,949,310 | +$36,290,398 | $92.27 | 498 |
| 2018 Q2 | 120,225,281 | $7,504,275,533 | +$247,113,263 | $62.43 | 454 |
| 2018 Q1 | 117,844,665 | $6,310,978,685 | +$237,986,530 | $53.58 | 425 |
| 2017 Q4 | 115,914,236 | $5,064,290,314 | -$322,851,463 | $43.69 | 400 |
| 2017 Q3 | 123,251,063 | $4,418,221,921 | +$15,213,595 | $35.84 | 367 |
| 2017 Q2 | 122,813,741 | $4,601,051,992 | -$147,082,256 | $37.44 | 375 |
| 2017 Q1 | 126,710,946 | $4,858,366,044 | +$505,260,076 | $38.35 | 378 |
| 2016 Q4 | 124,679,689 | $3,758,754,421 | -$30,843,157 | $30.12 | 352 |
| 2016 Q3 | 124,686,484 | $4,601,254,950 | +$80,540,161 | $36.93 | 364 |
| 2016 Q2 | 122,688,413 | $3,879,385,444 | +$35,381,757 | $31.59 | 356 |
| 2016 Q1 | 123,151,130 | $3,765,362,131 | -$143,452,684 | $30.63 | 346 |
| 2015 Q4 | 127,757,084 | $3,981,986,955 | +$110,279,696 | $31.17 | 349 |
| 2015 Q3 | 120,564,203 | $5,120,634,587 | +$94,986,895 | $42.48 | 352 |
| 2015 Q2 | 120,064,874 | $4,965,481,484 | -$291,949,688 | $41.33 | 319 |
| 2015 Q1 | 127,369,403 | $4,453,149,636 | +$67,985,333 | $34.95 | 298 |
| 2014 Q4 | 126,334,689 | $3,874,143,950 | +$282,881,574 | $30.66 | 289 |
| 2014 Q3 | 116,917,332 | $2,953,851,779 | -$26,647,967 | $25.26 | 272 |
| 2014 Q2 | 118,010,635 | $2,965,559,081 | +$24,645,095 | $25.13 | 249 |
| 2014 Q1 | 118,507,504 | $2,610,642,686 | +$103,997,475 | $22.03 | 240 |