Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionIeq Capital, Llc
Latest Disclosed Ownership535,160 shares
Latest Disclosed Value $ 43,733,319
Ieq Capital, Llc reports 45.86% increase in ownership of FTNT / Fortinet, Inc.

On May 14, 2026 - Ieq Capital, Llc filed a 13F-HR form disclosing ownership of 535,160 shares of Fortinet, Inc. (MX:FTNT) valued at $43,733,319 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 366,911 shares of Fortinet, Inc.. This represents a change in shares of 45.86% 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)
2026-05-14 2026-03-31 13F FORTINET COM 34959E109 535,160 168,249 45.86 43,733 50.10 0.1473
2026-02-13 2025-12-31 13F FORTINET COM 34959E109 366,911 214,711 141.07 29,136 127.70 0.0872
2025-11-14 2025-09-30 13F FORTINET COM 34959E109 152,200 -239,311 -61.12 12,797 -69.08 0.0388
2025-08-14 2025-06-30 13F FORTINET COM 34959E109 391,511 55,047 16.36 41,391 27.80 0.2532
2025-05-14 2025-03-31 13F FORTINET COM 34959E109 336,464 95,196 39.46 32,388 42.09 0.2576
2025-02-03 2024-12-31 13F FORTINET COM 34959E109 241,268 157,516 188.07 22,795 251.00 0.2203
2024-11-14 2024-09-30 13F FORTINET COM 34959E109 83,752 21,284 34.07 6,495 72.53 0.0797
2024-08-12 2024-06-30 13F FORTINET COM 34959E109 62,468 -497 -0.79 3,765 -12.49 0.0507
2024-05-09 2024-03-31 13F FORTINET COM 34959E109 62,965 42,083 201.53 4,301 251.96 0.0618
2024-02-07 2023-12-31 13F FORTINET COM 34959E109 20,882 1,073 5.42 1,222 5.16 0.0203
2023-11-06 2023-09-30 13F FORTINET COM 34959E109 19,809 -128 -0.64 1,162 -22.89 0.0236
2023-08-08 2023-06-30 13F FORTINET COM 34959E109 19,937 1,926 10.69 1,507 26.00 0.0304
2023-05-02 2023-03-31 13F FORTINET COM 34959E109 18,011 2,197 13.89 1,197 54.72 0.0278
2023-02-06 2022-12-31 13F FORTINET COM 34959E109 15,814 298 1.92 773 1.44 0.0216
2022-11-04 2022-09-30 13F FORTINET COM 34959E109 15,516 -7,389 -32.26 762 -41.20 0.0209
2022-07-27 2022-06-30 13F FORTINET COM 34959E109 22,905 18,377 405.85 1,296 -16.22 0.0393
2022-04-26 2022-03-31 13F FORTINET COM 34959E109 4,528 1,505 49.78 1,547 42.45 0.0369
2022-01-31 2021-12-31 13F FORTINET COM 34959E109 3,023 416 15.96 1,086 42.52 0.0251
2021-11-09 2021-09-30 13F FORTINET COM 34959E109 2,607 437 20.14 762 47.39 0.0202
2021-07-29 2021-06-30 13F FORTINET COM 34959E109 2,170 2,170 517 0.0152
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.