Cliff Asness's FTNT Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.33 M shares of Fortinet, Inc. (FTNT) worth $196.07 M, representing 0.13% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in FTNT, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2019, adding 4.99 M shares. Largest reduction occurred in Q3 2019, reducing 7.27 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Fortinet (FTNT) Holding Value Over Time
Track share changes against reported price movement
Quarterly Fortinet (FTNT) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +1.11 M | Add 0.00% | 1.11 M | $4.21 |
| Q2 2013 | +1.45 M | Add 0.00% | 1.45 M | $3.50 |
| Q3 2013 | -264,770 | Reduce 18.30% | 1.18 M | $4.05 |
| Q4 2013 | +635,500 | Add 53.76% | 1.82 M | $3.83 |
| Q1 2014 | -1.54 M | Reduce 84.45% | 282,595 | $4.41 |
| Q2 2014 | +327,500 | Add 115.89% | 610,095 | $5.03 |
| Q3 2014 | +1.48 M | Add 242.79% | 2.09 M | $5.05 |
| Q4 2014 | +499,035 | Add 23.86% | 2.59 M | $6.13 |
| Q1 2015 | -837,580 | Reduce 32.33% | 1.75 M | $6.99 |
| Q2 2015 | +259,800 | Add 14.82% | 2.01 M | $8.27 |
| Q3 2015 | -112,645 | Reduce 5.60% | 1.9 M | $8.50 |
| Q4 2015 | -109,440 | Reduce 5.76% | 1.79 M | $6.23 |
| Q1 2016 | +509,740 | Add 28.47% | 2.3 M | $6.13 |
| Q2 2016 | +1.3 M | Add 56.66% | 3.6 M | $6.32 |
| Q3 2016 | +98,530 | Add 2.73% | 3.7 M | $7.39 |
| Q4 2016 | +565,595 | Add 15.28% | 4.27 M | $6.02 |
| Q1 2017 | -480,745 | Reduce 11.26% | 3.79 M | $7.67 |
| Q2 2017 | -647,905 | Reduce 17.11% | 3.14 M | $7.49 |
| Q3 2017 | +48,340 | Add 1.54% | 3.19 M | $7.17 |
| Q4 2017 | +1.39 M | Add 43.53% | 4.57 M | $8.74 |
| Q1 2018 | +2.02 M | Add 44.10% | 6.59 M | $10.72 |
| Q2 2018 | +865,575 | Add 13.13% | 7.46 M | $12.49 |
| Q3 2018 | +3.86 M | Add 51.78% | 11.32 M | $18.45 |
| Q4 2018 | +2.71 M | Add 23.95% | 14.03 M | $14.09 |
| Q1 2019 | +4.99 M | Add 35.53% | 19.02 M | $16.66 |
| Q2 2019 | +2.68 M | Add 14.11% | 21.7 M | $15.33 |
| Q3 2019 | -7.27 M | Reduce 33.51% | 14.43 M | $15.17 |
| Q4 2019 | -7.16 M | Reduce 49.65% | 7.26 M | $21.35 |
| Q1 2020 | -2.51 M | Reduce 34.49% | 4.76 M | $20.23 |
| Q2 2020 | -1.22 M | Reduce 25.55% | 3.54 M | $27.21 |
| Q3 2020 | -515,180 | Reduce 14.54% | 3.03 M | $23.43 |
| Q4 2020 | -806,005 | Reduce 26.62% | 2.22 M | $29.58 |
| Q1 2021 | -1.55 M | Reduce 69.98% | 666,895 | $36.69 |
| Q2 2021 | -321,980 | Reduce 48.28% | 344,915 | $47.64 |
| Q3 2021 | +120,990 | Add 35.08% | 465,905 | $58.41 |
| Q4 2021 | +104,430 | Add 22.41% | 570,335 | $71.88 |
| Q1 2022 | +167,565 | Add 29.38% | 737,900 | $68.35 |
| Q2 2022 | -179,992 | Reduce 24.39% | 557,908 | $56.25 |
| Q3 2022 | +95,058 | Add 17.04% | 652,966 | $49.13 |
| Q4 2022 | -313,994 | Reduce 48.09% | 338,972 | $48.64 |
| Q1 2023 | -131,228 | Reduce 38.71% | 207,744 | $66.09 |
| Q2 2023 | +26,417 | Add 12.72% | 234,161 | $75.59 |
| Q3 2023 | +392,631 | Add 167.68% | 626,792 | $58.68 |
| Q4 2023 | +864,885 | Add 137.99% | 1.49 M | $58.53 |
| Q1 2024 | -81,195 | Reduce 5.44% | 1.41 M | $68.10 |
| Q2 2024 | +1.27 M | Add 89.70% | 2.68 M | $60.27 |
| Q3 2024 | +1.35 M | Add 50.36% | 4.02 M | $77.23 |
| Q4 2024 | +214,879 | Add 5.34% | 4.24 M | $94.48 |
| Q1 2025 | +1.73 M | Add 40.91% | 5.97 M | $93.97 |
| Q2 2025 | +82,021 | Add 1.37% | 6.05 M | $104.78 |
| Q3 2025 | -3.72 M | Reduce 61.48% | 2.33 M | $84.08 |
Cliff Asness's Fortinet Investment FAQs
Cliff Asness first purchased Fortinet, Inc. (FTNT) in Q4 2012, acquiring 1,113,120 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Fortinet, Inc. (FTNT) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Fortinet, Inc. (FTNT) was in Q1 2019, adding 19,016,085 shares worth $316.81 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,331,901 shares of Fortinet, Inc. (FTNT), valued at approximately $196.07 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 0.13% of Cliff Asness'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.
Cliff Asness's peak holding in Fortinet, Inc. (FTNT) was 21,698,650 shares, as reported at the end of Q2 2019. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.