$FTNT

$183.41 +$0.08 (0.04%) Live

$FTNT Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 733.7M shares outstanding

Who owns FTNT?

By type of holder

Institutions 68.5% Insiders 18.0% Everyone else 13.5%

Concentration Top 10 holders own 48.0%

Xie Ken 10.8% · BlackRock, Inc. 8.5%

Institutional ownership

68.5%

+1.2 pts vs last qtr

Institutional holders

1,575

+249 vs last qtr

Net shares bought

+9.0M

by institutions in Q2 2026

New / sold out

365 / 116

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Norges Bank NEW +12.4M
Jane Street Group, LLC +3.9M

Biggest sellers in Q2 2026

Van Eck Associates Corp −5.5M
Bank of New York Mellon Corp −4.0M

Who is planning to sell?

Notices of proposed sale, last 12 months

$136M

21 notices from 5 people

Shares covered

1.2M

0.17% of the company

Arranged in advance

100%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Ken Qing Xie Director 10b5-1 $78.2M
Michael Xie Director 10b5-1 $29.5M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−13.3%

−1.57% a year

Each share's claim on the business

+15.3%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$8.52B vs $2B

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years83% 3–5 years4% 1–3 years5% Under 1 year8%

Quarterly turnover

9.4%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting FTNT on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	62.2M	8.48%	+273.5K (+0.4%)	≤2021	0.1%
Shares held by quarter Peak holding63.9M (Q2'25) Change over 8 quarters+5.2M Share of the company8.480% BlackRock, Inc.'s full portfolio →
VC Vanguard Capital Management LLC	40.7M	5.54%	+909.2K (+2.3%)	≤2021	0.1%
Shares held by quarter Peak holding40.7M (Q2'26) Change over 8 quarters+40.7M Share of the company5.540% Vanguard Capital Management LLC's full portfolio →

BlackRock, Inc.

62.2M

% of company

8.48%

Change vs last qtr

+273.5K (+0.4%)

Held since

≤2021

Vanguard Capital Management LLC

40.7M

% of company

5.54%

Change vs last qtr

+909.2K (+2.3%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Fortinet, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting FTNT on Form N-PORT; together they hold 26.4% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$3.04B	19.8M	2.69%	0.13%	June 30, 2026
V5 Vanguard 500 Index Fund Vanguard Index Funds	$2.48B	16.1M	2.20%	0.15%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$3.04B

% of company

2.69%

% of the fund

0.13%

As of

June 30, 2026

Vanguard 500 Index Fund

Vanguard Index Funds

Position value

$2.48B

% of company

2.20%

% of the fund

0.15%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Fortinet, Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
XK Xie Ken Insider	79.4M	10.82%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company10.820% Xie Ken's insider activity →
XM Xie Michael Insider	51.7M	7.04%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company7.040% Xie Michael's insider activity →

Xie Ken

Insider

79.4M

% of company

10.82%

Change vs last qtr

—

Held since

—

Xie Michael

Insider

51.7M

% of company

7.04%

Change vs last qtr

—

Held since

—

12 more holders behind a free account

See every insider and 5%+ holder of Fortinet, Inc..

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