Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionValeo Financial Advisors, LLC
Latest Disclosed Ownership12,197 shares
Latest Disclosed Value $ 996,488
Valeo Financial Advisors, LLC reports 25.60% decrease in ownership of FTNT / Fortinet, Inc.

On May 8, 2026 - Valeo Financial Advisors, LLC filed a 13F-HR form disclosing ownership of 12,197 shares of Fortinet, Inc. (MX:FTNT) valued at $996,488 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 16,393 shares of Fortinet, Inc.. This represents a change in shares of -25.60% 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)
2026-05-08 2026-03-31 13F FORTINET INC COM Stock 34959E109 12,197 -4,196 -25.60 996 -23.44 0.0238
2026-02-04 2025-12-31 13F FORTINET INC COM Stock 34959E109 16,393 1,154 7.57 1,302 1.56 0.0289
2025-11-03 2025-09-30 13F FORTINET INC COM Stock 34959E109 15,239 3,405 28.77 1,281 2.40 0.0292
2025-09-12 2025-06-30 13F/A-1 FORTINET INC COM Stock 34959E109 11,834 1,926 19.44 1,251 31.27 0.0307
2025-07-22 2025-06-30 13F FORTINET INC COM Stock 34959E109 11,162 1,254 1,180 0.0284
2025-04-30 2025-03-31 13F FORTINET INC COM Stock 34959E109 9,908 211 2.18 954 4.04 0.0266
2025-01-30 2024-12-31 13F FORTINET INC COM Stock 34959E109 9,697 -705 -6.78 916 13.65 0.0255
2024-10-10 2024-09-30 13F FORTINET INC COM Stock 34959E109 10,402 -6,508 -38.49 807 -20.90 0.0230
2024-07-10 2024-06-30 13F FORTINET INC COM Stock 34959E109 16,910 6,527 62.86 1,019 50.07 0.0318
2024-04-25 2024-03-31 13F/A-1 FORTINET INC COM Stock 34959E109 10,383 1,852 21.71 680 36.07 0.0244
2024-04-19 2024-03-31 13F FORTINET INC COM Stock 34959E109 9,721 1,190 664 0.0228
2024-01-29 2023-12-31 13F FORTINET INC COM Stock 34959E109 8,531 -2,213 -20.60 499 -20.79 0.0202
2023-10-20 2023-09-30 13F FORTINET INC COM Stock 34959E109 10,744 3,253 43.43 630 11.31 0.0287
2023-07-14 2023-06-30 13F FORTINET INC COM Stock 34959E109 7,491 -1,405 -15.79 566 -4.23 0.0259
2023-04-17 2023-03-31 13F FORTINET INC COM Stock 34959E109 8,896 2,001 29.02 591 75.37 0.0285
2023-02-09 2022-12-31 13F FORTINET INC COM Stock 34959E109 6,895 2,060 42.61 337 41.60 0.0185
2022-10-31 2022-09-30 13F FORTINET INC COM Stock 34959E109 4,835 -170 -3.40 238 -15.90 0.0152
2022-08-03 2022-06-30 13F FORTINET INC COM Stock 34959E109 5,005 4,255 567.33 283 10.55 0.0178
2022-04-28 2022-03-31 13F FORTINET INC COM Stock 34959E109 750 750 256 0.0130
2021-07-22 2021-06-30 13F FORTINET INC COM Stock 34959E109 0 -169 -100.00 0 -100.00
2021-04-12 2021-03-31 13F FORTINET INC COM Stock 34959E109 169 -987 -85.38 31 -81.98 0.0014
2021-02-11 2020-12-31 13F FORTINET INC COM Stock 34959E109 1,156 1,045 941.44 172 1,223.08 0.0088
2020-10-28 2020-09-30 13F FORTINET INC COM Stock 34959E109 111 -1 -0.89 13 -13.33 0.0011
2020-07-20 2020-06-30 13F FORTINET INC COM Stock 34959E109 112 -369 -76.72 15 -69.39 0.0014
2020-04-13 2020-03-31 13F FORTINET INC COM Stock 34959E109 481 -211 -30.49 49 -33.78 0.0052
2020-01-24 2019-12-31 13F FORTINET INC COM Stock 34959E109 692 220 46.61 74 105.56 0.0072
2019-10-15 2019-09-30 13F FORTINET INC COM Stock 34959E109 472 -38 -7.45 36 -7.69 0.0040
2019-07-10 2019-06-30 13F FORTINET INC COM Stock 34959E109 510 487 2,117.39 39 1,850.00 0.0045
2019-04-12 2019-03-31 13F FORTINET INC COM Stock 34959E109 23 -4 -14.81 2 0.00 0.0002
2019-01-30 2018-12-31 13F FORTINET INC COM Stock 34959E109 27 -5 -15.62 2 -33.33 0.0003
2018-11-01 2018-09-30 13F FORTINET INC COM Stock 34959E109 32 0 0.00 3 50.00 0.0004
2018-08-14 2018-06-30 13F FORTINET INC COM Stock 34959E109 32 -240 -88.24 2 -86.67 0.0003
2018-04-12 2018-03-31 13F FORTINET INC COM Stock 34959E109 272 227 504.44 15 650.00 0.0024
2018-02-09 2017-12-31 13F FORTINET INC COM Stock 34959E109 45 0 0.00 2 0.00 0.0003
2017-11-15 2017-09-30 13F/A-1 FORTINET INC COM Stock 34959E109 45 45 2 0.0005
2017-11-14 2017-09-30 13F FORTINET INC COM Stock 34959E109 45 2
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.