Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionLiberty Capital Management, Inc.
Latest Disclosed Ownership68,590 shares
Latest Disclosed Value $ 5,446,732
Liberty Capital Management, Inc. reports 0.52% increase in ownership of FTNT / Fortinet, Inc.

On January 26, 2026 - Liberty Capital Management, Inc. filed a 13F-HR form disclosing ownership of 68,590 shares of Fortinet, Inc. (MX:FTNT) valued at $5,446,732 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 6, 2025 disclosing 68,234 shares of Fortinet, Inc.. This represents a change in shares of 0.52% 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)
2026-01-26 2025-12-31 13F FORTINET COM 34959E109 68,590 356 0.52 5,447 -5.07 1.0143
2025-11-06 2025-09-30 13F FORTINET COM 34959E109 68,234 45 0.07 5,737 -20.41 1.0798
2025-07-18 2025-06-30 13F FORTINET COM 34959E109 68,189 -15 -0.02 7,209 9.79 1.4545
2025-04-16 2025-03-31 13F FORTINET COM 34959E109 68,204 413 0.61 6,565 2.51 1.4616
2025-01-28 2024-12-31 13F FORTINET COM 34959E109 67,791 -63 -0.09 6,405 21.70 1.4210
2024-10-22 2024-09-30 13F FORTINET COM 34959E109 67,854 291 0.43 5,262 29.22 1.1643
2024-07-29 2024-06-30 13F FORTINET COM 34959E109 67,563 1,620 2.46 4,072 -9.59 0.9659
2024-04-11 2024-03-31 13F FORTINET COM 34959E109 65,943 117 0.18 4,505 16.93 1.1102
2024-01-24 2023-12-31 13F FORTINET COM 34959E109 65,826 59 0.09 3,853 -0.18 1.0110
2023-10-18 2023-09-30 13F FORTINET COM 34959E109 65,767 6,053 10.14 3,859 -14.49 1.1396
2023-07-25 2023-06-30 13F FORTINET COM 34959E109 59,714 3,257 5.77 4,514 20.28 1.3533
2023-04-11 2023-03-31 13F FORTINET COM 34959E109 56,457 1,450 2.64 3,752 39.53 1.2343
2023-01-23 2022-12-31 13F FORTINET COM 34959E109 55,007 3,392 6.57 2,689 6.03 0.9325
2022-11-09 2022-09-30 13F/A-1 FORTINET COM 34959E109 51,615 4,895 10.48 2,536 -4.05 0.9492
2022-07-25 2022-06-30 13F FORTINET COM 34959E109 46,720 37,362 399.25 2,643 -17.35 0.9402
2022-05-04 2022-03-31 13F FORTINET COM 34959E109 9,358 149 1.62 3,198 -3.38 0.9342
2022-02-14 2021-12-31 13F FORTINET COM 34959E109 9,209 90 0.99 3,310 24.30 0.8932
2021-10-22 2021-09-30 13F FORTINET COM 34959E109 9,119 978 12.01 2,663 37.34 0.7846
2021-07-16 2021-06-30 13F FORTINET COM 34959E109 8,141 8,141 1,939 0.5895
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.