Ray Dalio's FTNT Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 980,347 shares of Fortinet, Inc. (FTNT) worth $82.43 M, representing 0.32% of the portfolio. First purchased in 2014-Q4, this long-term strategic position has been held for 44 quarters.
Based on 13F filings since 2013, Ray Dalio has maintained a long-term strategic position in FTNT, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2025, adding 1.2 M shares. Largest reduction occurred in Q3 2025, reducing 2.19 M shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's Fortinet (FTNT) Holding Value Over Time
Track share changes against reported price movement
Quarterly Fortinet (FTNT) Trades by Ray Dalio
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2014 | +34,000 | New Buy | 34,000 | $6.12 |
| Q1 2015 | -34,000 | Sold Out | 34,000 | $0.00 |
| Q2 2017 | +58,745 | New Buy | 58,745 | $7.49 |
| Q3 2017 | -58,745 | Sold Out | 58,745 | $0.00 |
| Q1 2018 | +161,285 | New Buy | 161,285 | $10.71 |
| Q2 2018 | -96,930 | Reduce 60.10% | 64,355 | $12.49 |
| Q3 2018 | -40,695 | Reduce 63.24% | 23,660 | $18.47 |
| Q4 2018 | +263,470 | Add 1113.57% | 287,130 | $14.09 |
| Q1 2019 | -287,130 | Sold Out | 287,130 | $0.00 |
| Q3 2019 | +29,555 | New Buy | 29,555 | $15.36 |
| Q4 2019 | +16,265 | Add 55.03% | 45,820 | $21.34 |
| Q1 2020 | -45,820 | Sold Out | 45,820 | $0.00 |
| Q2 2020 | +18,530 | New Buy | 18,530 | $27.47 |
| Q3 2020 | +57,925 | Add 312.60% | 76,455 | $23.56 |
| Q4 2020 | +23,330 | Add 30.51% | 99,785 | $29.70 |
| Q1 2021 | -99,785 | Sold Out | 99,785 | $0.00 |
| Q2 2021 | +283,310 | New Buy | 283,310 | $47.64 |
| Q3 2021 | -283,310 | Sold Out | 283,310 | $0.00 |
| Q1 2022 | +359,130 | New Buy | 359,130 | $68.35 |
| Q2 2022 | -344,722 | Reduce 95.99% | 14,408 | $56.57 |
| Q3 2022 | +77,140 | Add 535.40% | 91,548 | $49.13 |
| Q4 2022 | -91,548 | Sold Out | 91,548 | $0.00 |
| Q3 2023 | +153,688 | New Buy | 153,688 | $58.68 |
| Q4 2023 | -147,302 | Reduce 95.84% | 6,386 | $58.53 |
| Q1 2024 | +69,433 | Add 1087.27% | 75,819 | $68.31 |
| Q2 2024 | +230,629 | Add 304.18% | 306,448 | $60.27 |
| Q3 2024 | -105,626 | Reduce 34.47% | 200,822 | $77.55 |
| Q4 2024 | +732,872 | Add 364.94% | 933,694 | $94.48 |
| Q1 2025 | +1.04 M | Add 111.91% | 1.98 M | $96.26 |
| Q2 2025 | +1.2 M | Add 60.43% | 3.17 M | $105.72 |
| Q3 2025 | -2.19 M | Reduce 69.11% | 980,347 | $84.08 |
Ray Dalio's Fortinet Investment FAQs
Ray Dalio first purchased Fortinet, Inc. (FTNT) in Q4 2014, acquiring 34,000 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio has held Fortinet, Inc. (FTNT) for 44 quarters since Q4 2014. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio's largest addition to Fortinet, Inc. (FTNT) was in Q2 2025, adding 3,174,164 shares worth $335.57 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 980,347 shares of Fortinet, Inc. (FTNT), valued at approximately $82.43 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Fortinet, Inc. (FTNT) represents approximately 0.32% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio's peak holding in Fortinet, Inc. (FTNT) was 3,174,164 shares, as reported at the end of Q2 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.