Joel Greenblatt's FTNT Position Overview
Joel Greenblatt (via Gotham Asset Management, LLC) currently holds 290,386 shares of Fortinet, Inc. (FTNT) worth $23.06 M, representing 0.08% of the portfolio. First purchased in 2013-Q4, this long-term strategic position has been held for 44 quarters.
Based on 13F filings since 2013, Joel Greenblatt has maintained a long-term strategic position in FTNT, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2018, adding 879,545 shares. Largest reduction occurred in Q2 2019, reducing 547,045 shares.
Analysis based on 13F filings available since 2013 Q2
Joel Greenblatt's Fortinet (FTNT) Holding Value Over Time
Track share changes against reported price movement
Quarterly Fortinet (FTNT) Trades by Joel Greenblatt
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +105,233 | Add 56.84% | 290,386 | $79.41 |
| Q3 2025 | -36,914 | Reduce 16.62% | 185,153 | $84.08 |
| Q2 2025 | +65,873 | Add 42.17% | 222,067 | $105.72 |
| Q1 2025 | +74,708 | Add 91.68% | 156,194 | $96.26 |
| Q4 2024 | +8,081 | Add 11.01% | 81,486 | $94.48 |
| Q3 2024 | +21,929 | Add 42.60% | 73,405 | $77.55 |
| Q2 2024 | -23,580 | Reduce 31.42% | 51,476 | $60.27 |
| Q1 2024 | +44,716 | Add 147.38% | 75,056 | $68.31 |
| Q4 2023 | -57,210 | Reduce 65.35% | 30,340 | $58.53 |
| Q3 2023 | -11,135 | Reduce 11.28% | 87,550 | $58.68 |
| Q2 2023 | -6,848 | Reduce 6.49% | 98,685 | $75.59 |
| Q1 2023 | -2,946 | Reduce 2.72% | 105,533 | $66.46 |
| Q4 2022 | +17,305 | Add 18.98% | 108,479 | $48.89 |
| Q3 2022 | -3,479 | Reduce 3.68% | 91,174 | $49.13 |
| Q2 2022 | -18,602 | Reduce 16.42% | 94,653 | $56.58 |
| Q1 2022 | +8,350 | Add 7.96% | 113,255 | $68.35 |
| Q4 2021 | +10,565 | Add 11.20% | 104,905 | $71.88 |
| Q3 2021 | -9,640 | Reduce 9.27% | 94,340 | $58.41 |
| Q2 2021 | +2,270 | Add 2.23% | 103,980 | $47.63 |
| Q1 2021 | -21,215 | Reduce 17.26% | 101,710 | $36.88 |
| Q4 2020 | -76,750 | Reduce 38.44% | 122,925 | $29.71 |
| Q3 2020 | -26,195 | Reduce 11.60% | 199,675 | $23.56 |
| Q2 2020 | +169,810 | Add 302.91% | 225,870 | $27.45 |
| Q1 2020 | -7,235 | Reduce 11.43% | 56,060 | $20.23 |
| Q4 2019 | -418,670 | Reduce 86.87% | 63,295 | $21.34 |
| Q3 2019 | +76,280 | Add 18.80% | 481,965 | $15.35 |
| Q2 2019 | -547,045 | Reduce 57.42% | 405,685 | $15.37 |
| Q1 2019 | -281,905 | Reduce 22.83% | 952,730 | $16.79 |
| Q4 2018 | +405,005 | Add 48.82% | 1.23 M | $14.09 |
| Q3 2018 | -49,915 | Reduce 5.68% | 829,630 | $18.45 |
| Q2 2018 | +879,545 | New Buy | 879,545 | $12.49 |
| Q1 2018 | -77,615 | Sold Out | 0 | $0.00 |
| Q4 2017 | +77,615 | New Buy | 77,615 | $8.74 |
| Q3 2017 | -48,580 | Sold Out | 0 | $0.00 |
| Q2 2017 | -104,340 | Reduce 68.23% | 48,580 | $7.49 |
| Q1 2017 | +152,920 | New Buy | 152,920 | $7.67 |
| Q4 2016 | -93,195 | Sold Out | 0 | $0.00 |
| Q3 2016 | -55,945 | Reduce 37.51% | 93,195 | $7.38 |
| Q2 2016 | -133,835 | Reduce 47.30% | 149,140 | $6.32 |
| Q1 2016 | +131,835 | Add 87.23% | 282,975 | $6.13 |
| Q4 2015 | +116,750 | Add 339.49% | 151,140 | $6.23 |
| Q3 2015 | +34,390 | New Buy | 34,390 | $8.49 |
| Q1 2014 | -205,805 | Sold Out | 0 | $0.00 |
| Q4 2013 | +205,805 | New Buy | 205,805 | $3.82 |
Joel Greenblatt's Fortinet Investment FAQs
Joel Greenblatt first purchased Fortinet, Inc. (FTNT) in Q4 2013, acquiring 205,805 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Joel Greenblatt has held Fortinet, Inc. (FTNT) for 44 quarters since Q4 2013.
Joel Greenblatt's largest addition to Fortinet, Inc. (FTNT) was in Q2 2018, adding 879,545 shares worth $10.98 M.
According to the latest 13F filing for Q4 2025, Joel Greenblatt's firm, Gotham Asset Management, LLC, owns 290,386 shares of Fortinet, Inc. (FTNT), valued at approximately $23.06 M.
As of the Q4 2025 filing, Fortinet, Inc. (FTNT) represents approximately 0.08% of Joel Greenblatt's publicly disclosed stock portfolio, making it one of their key holdings.
Joel Greenblatt's peak holding in Fortinet, Inc. (FTNT) was 1,234,635 shares, as reported at the end of Q4 2018.