Fortinet, Inc.
US ˙ NasdaqGS ˙ US34959E1091

SecurityFTNT / Fortinet, Inc.
InstitutionExecutive Wealth Management, LLC
Latest Disclosed Ownership51,257 shares
Latest Disclosed Value $ 4,842,761
Executive Wealth Management, LLC reports 34.46% decrease in ownership of FTNT / Fortinet, Inc.

On February 13, 2025 - Executive Wealth Management, LLC filed a 13F-HR form disclosing ownership of 51,257 shares of Fortinet, Inc. (US:FTNT) valued at $4,842,761 USD as of December 31, 2024. The entity filed a previous 13F-HR/A on November 15, 2024 disclosing 78,213 shares of Fortinet, Inc.. This represents a change in shares of -34.46% during the quarter. The current value of the position is $7,415,863 USD.

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)
2025-02-13 2024-12-31 13F FORTINET COM 34959E109 51,257 -26,956 -34.46 4,843 -20.16 0.3791
2024-11-15 2024-09-30 13F/A-1 FORTINET COM 34959E109 78,213 78,213 6,065 0.4757
2024-11-01 2024-09-30 13F FORTINET COM 34959E109 78,213 78,213 6,065 0.7714
2024-08-08 2024-06-30 13F/A-1 FORTINET COM 34959E109 0 -67,321 -100.00 0 -100.00
2024-08-08 2024-06-30 13F FORTINET COM 34959E109 0 0
2024-05-13 2024-03-31 13F FORTINET COM 34959E109 67,321 8,177 13.83 4,566 31.90 0.4002
2024-01-26 2023-12-31 13F FORTINET COM 34959E109 59,144 3,774 6.82 3,462 6.53 0.3258
2023-11-07 2023-09-30 13F FORTINET COM 34959E109 55,370 22,333 67.60 3,249 30.12 0.3364
2023-08-02 2023-06-30 13F FORTINET COM 34959E109 33,037 143 0.43 2,497 14.23 0.2585
2023-05-12 2023-03-31 13F/A-1 FORTINET COM 34959E109 32,894 530 1.64 2,186 38.18 0.2425
2023-05-11 2023-03-31 13F FORTINET COM 34959E109 32,894 530 2,186 0.2425
2023-02-13 2022-12-31 13F FORTINET COM 34959E109 32,364 30,721 1,869.81 1,582 -3.71 0.1943
2022-11-10 2022-09-30 13F FORTINET COM 34959E109 1,643 -33,906 -95.38 1,643 -18.30 0.2289
2022-07-26 2022-06-30 13F FORTINET COM 34959E109 35,549 21,119 146.35 2,011 -59.22 0.2704
2022-04-13 2022-03-31 13F FORTINET COM 34959E109 14,430 -545 -3.64 4,931 -8.38 0.5350
2022-02-03 2021-12-31 13F FORTINET COM 34959E109 14,975 592 4.12 5,382 28.14 0.5357
2021-10-27 2021-09-30 13F FORTINET COM 34959E109 14,383 -8,823 -38.02 4,200 -24.01 0.4636
2021-07-26 2021-06-30 13F FORTINET COM 34959E109 23,206 449 1.97 5,527 31.72 0.6060
2021-05-03 2021-03-31 13F FORTINET CO 34959E109 22,757 4,307 23.34 4,196 53.14 0.4925
2021-02-04 2020-12-31 13F FORTINET COM 34959E109 18,450 4,773 34.90 2,740 70.08 0.3368
2020-10-23 2020-09-30 13F FORTINET COM 34959E109 13,677 2,085 17.99 1,611 1.26 0.2229
2020-07-27 2020-06-30 13F FORTINET COM 34959E109 11,592 486 4.38 1,591 41.67 0.2391
2020-04-27 2020-03-31 13F FORTINET COM 34959E109 11,106 -3,786 -25.42 1,123 -29.33 0.1995
2020-01-23 2019-12-31 13F FORTINET COM 34959E109 14,892 14,892 1,589 0.2174
2019-11-21 2019-09-30 13F/A-1 FORTINET COM 34959E109 0 -18,003 -100.00 0 -100.00
2019-08-01 2019-06-30 13F FORTINET COM 34959E109 18,003 2,313 14.74 1,383 5.01 0.1956
2019-05-02 2019-03-31 13F FORTINET COM 34959E109 15,690 7,060 81.81 1,317 116.61 0.2353
2019-02-19 2018-12-31 13F FORTINET COM 34959E109 8,630 8,630 608 0.1071
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.