Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionArizona State Retirement System
Latest Disclosed Ownership173,185 shares
Latest Disclosed Value $ 14,152,678
Arizona State Retirement System reports 5.55% decrease in ownership of FTNT / Fortinet, Inc.

On May 1, 2026 - Arizona State Retirement System filed a 13F-HR form disclosing ownership of 173,185 shares of Fortinet, Inc. (MX:FTNT) valued at $14,152,678 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 28, 2026 disclosing 183,358 shares of Fortinet, Inc.. This represents a change in shares of -5.55% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F FORTINET COM 34959E109 173,185 -10,173 -5.55 14,153 -2.80 0.0828
2026-01-28 2025-12-31 13F FORTINET COM 34959E109 183,358 -6,641 -3.50 14,560 -8.86 0.0792
2025-11-03 2025-09-30 13F FORTINET COM 34959E109 189,999 -1,107 -0.58 15,975 -20.93 0.0851
2025-08-13 2025-06-30 13F FORTINET COM 34959E109 191,106 56 0.03 20,204 9.86 0.1164
2025-05-01 2025-03-31 13F FORTINET COM 34959E109 191,050 4,479 2.40 18,390 4.33 0.1171
2025-02-06 2024-12-31 13F FORTINET COM 34959E109 186,571 400 0.21 17,627 22.10 0.1077
2024-11-12 2024-09-30 13F FORTINET COM 34959E109 186,171 -1,856 -0.99 14,438 27.40 0.0911
2024-08-05 2024-06-30 13F FORTINET COM 34959E109 188,027 717 0.38 11,332 -11.43 0.0756
2024-05-07 2024-03-31 13F FORTINET COM 34959E109 187,310 -497 -0.26 12,795 16.40 0.0885
2024-01-24 2023-12-31 13F FORTINET COM 34959E109 187,807 -1,107 -0.59 10,992 -0.84 0.0834
2023-11-07 2023-09-30 13F FORTINET COM 34959E109 188,914 -1,590 -0.83 11,085 -23.02 0.0942
2023-08-01 2023-06-30 13F FORTINET COM 34959E109 190,504 9,189 5.07 14,400 19.50 0.1169
2023-04-27 2023-03-31 13F FORTINET COM 34959E109 181,315 -1,308 -0.72 12,050 34.97 0.1081
2023-02-08 2022-12-31 13F FORTINET COM 34959E109 182,623 -2,828 -1.52 8,928 -2.01 0.0862
2022-11-07 2022-09-30 13F FORTINET COM 34959E109 185,451 -2,054 -1.10 9,111 -14.12 0.0942
2022-07-28 2022-06-30 13F FORTINET COM 34959E109 187,505 149,370 391.69 10,609 -18.59 0.1030
2022-05-04 2022-03-31 13F FORTINET COM 34959E109 38,135 114 0.30 13,032 -4.63 0.1050
2022-02-04 2021-12-31 13F FORTINET COM 34959E109 38,021 -937 -2.41 13,665 20.11 0.1041
2021-11-12 2021-09-30 13F FORTINET COM 34959E109 38,958 -249 -0.64 11,377 21.82 0.0928
2021-08-02 2021-06-30 13F FORTINET COM 34959E109 39,207 -577 -1.45 9,339 27.29 0.0759
2021-05-06 2021-03-31 13F FORTINET COM 34959E109 39,784 340 0.86 7,337 25.23 0.0641
2021-01-28 2020-12-31 13F FORTINET COM 34959E109 39,444 -2,364 -5.65 5,859 18.96 0.0531
2020-11-05 2020-09-30 13F FORTINET COM 34959E109 41,808 7,651 22.40 4,925 5.03 0.0490
2020-08-04 2020-06-30 13F FORTINET COM 34959E109 34,157 -43,788 -56.18 4,689 -40.54 0.0661
2020-05-05 2020-03-31 13F FORTINET COM 34959E109 77,945 35,129 82.05 7,886 72.52 0.1356
2020-01-27 2019-12-31 13F FORTINET COM 34959E109 42,816 -16,701 -28.06 4,571 0.04 0.0550
2019-10-31 2019-09-30 13F FORTINET COM 34959E109 59,517 -719 -1.19 4,569 -1.27 0.0558
2019-07-25 2019-06-30 13F FORTINET COM 34959E109 60,236 32,386 116.29 4,628 97.86 0.0536
2019-04-29 2019-03-31 13F FORTINET COM 34959E109 27,850 -1,904 -6.40 2,339 11.59 0.0278
2019-01-28 2018-12-31 13F FORTINET COM 34959E109 29,754 -72,327 -70.85 2,096 -77.75 0.0270
2018-10-29 2018-09-30 13F FORTINET COM 34959E109 102,081 1,714 1.71 9,419 50.32 0.0889
2018-08-07 2018-06-30 13F FORTINET COM 34959E109 100,367 2,628 2.69 6,266 19.65 0.0630
2018-05-14 2018-03-31 13F FORTINET COM 34959E109 97,739 -9,900 -9.20 5,237 11.35 0.0529
2018-02-09 2017-12-31 13F FORTINET COM 34959E109 107,639 21,941 25.60 4,703 53.14 0.0458
2017-11-14 2017-09-30 13F FORTINET COM 34959E109 85,698 22,698 36.03 3,071 30.18 0.0367
2017-08-02 2017-06-30 13F FORTINET COM 34959E109 63,000 1,000 1.61 2,359 -0.80 0.0327
2017-05-10 2017-03-31 13F FORTINET COM 34959E109 62,000 5,224 9.20 2,378 39.06 0.0334
2017-02-10 2016-12-31 13F FORTINET COM 34959E109 56,776 -8,500 -13.02 1,710 -29.08 0.0252
2016-11-01 2016-09-30 13F FORTINET COM 34959E109 65,276 300 0.46 2,411 17.44 0.0366
2016-08-15 2016-06-30 13F FORTINET COM 34959E109 64,976 -15,000 -18.76 2,053 -16.20 0.0288
2016-05-16 2016-03-31 13F FORTINET COM 34959E109 79,976 4,100 5.40 2,450 3.59 0.0319
2016-02-12 2015-12-31 13F FORTINET COM 34959E109 75,876 8,676 12.91 2,365 -17.16 0.0315
2015-11-20 2015-09-30 13F FORTINET COM 34959E109 67,200 -14,700 -17.95 2,855 13.70 0.0400
2015-02-11 2014-12-31 13F FORTINET COM 34959E109 81,900 -5,300 -6.08 2,511 13.98 0.0296
2014-11-21 2014-09-30 13F FORTINET COM 34959E109 87,200 -1,000 -1.13 2,203 -0.59 0.0273
2014-08-07 2014-06-30 13F FORTINET COM 34959E109 88,200 -900 -1.01 2,216 12.95 0.0268
2014-05-19 2014-03-31 13F FORTINET COM 34959E109 89,100 89,100 1,962 0.0248
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.