Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionPAX Financial Group, LLC
Latest Disclosed Ownership17,459 shares
Latest Disclosed Value $ 1,426,749
PAX Financial Group, LLC reports 13.45% decrease in ownership of FTNT / Fortinet, Inc.

On April 27, 2026 - PAX Financial Group, LLC filed a 13F-HR form disclosing ownership of 17,459 shares of Fortinet, Inc. (MX:FTNT) valued at $1,426,749 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 20,171 shares of Fortinet, Inc.. This represents a change in shares of -13.45% 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)
2026-04-27 2026-03-31 13F FORTINET COM 34959E109 17,459 -2,712 -13.45 1,427 -10.93 0.2434
2026-02-05 2025-12-31 13F FORTINET COM 34959E109 20,171 -5,836 -22.44 1,602 -26.76 0.2762
2025-11-04 2025-09-30 13F FORTINET COM 34959E109 26,007 -6,385 -19.71 2,187 -36.16 0.3940
2025-08-11 2025-06-30 13F FORTINET COM 34959E109 32,392 -23,158 -41.69 3,424 -35.96 0.6544
2025-05-02 2025-03-31 13F FORTINET COM 34959E109 55,550 10,911 24.44 5,347 26.80 0.9477
2025-02-12 2024-12-31 13F FORTINET COM 34959E109 44,639 988 2.26 4,217 24.58 0.7547
2024-11-13 2024-09-30 13F FORTINET COM 34959E109 43,651 100 0.23 3,385 29.00 0.6071
2024-08-14 2024-06-30 13F FORTINET COM 00350E113 43,551 10,379 31.29 2,625 15.85 0.5126
2024-05-13 2024-03-31 13F FORTINET COM 00350E113 33,172 -917 -2.69 2,266 -2.03 0.4548
2024-02-12 2023-12-31 13F FORTINET COM 34959E109 34,089 -925 -2.64 2,313 12.56 0.4774
2023-11-13 2023-09-30 13F FORTINET COM 34959E109 35,014 852 2.49 2,055 -20.45 0.4685
2023-07-18 2023-06-30 13F FORTINET COM 34959E109 34,162 651 1.94 2,582 15.94 0.5836
2023-05-11 2023-03-31 13F FORTINET COM 34959E109 33,511 2,512 8.10 2,227 47.00 0.5337
2023-02-10 2022-12-31 13F FORTINET COM 00350E113 30,999 -10,050 -24.48 1,516 -24.89 0.3849
2022-11-14 2022-09-30 13F FORTINET COM 34959E109 41,049 1,963 5.02 2,017 -8.77 0.5158
2022-08-09 2022-06-30 13F FORTINET COM 34959E109 39,086 31,940 446.96 2,211 -9.46 0.5594
2022-05-10 2022-03-31 13F FORTINET COM 34959E109 7,146 751 11.74 2,442 6.27 0.5661
2022-02-07 2021-12-31 13F FORTINET COM 34959E109 6,395 -1,388 -17.83 2,298 1.10 0.5150
2021-10-29 2021-09-30 13F FORTINET COM 34959E109 7,783 774 11.04 2,273 36.19 0.5561
2021-08-13 2021-06-30 13F FORTINET COM 34959E109 7,009 1,882 36.71 1,669 76.43 0.4220
2021-05-10 2021-03-31 13F FORTINET COM 34959E109 5,127 3,201 166.20 946 230.77 0.2663
2021-02-03 2020-12-31 13F FORTINET COM 34959E109 1,926 1,926 286 0.0894
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.