Terry Smith's FTNT Position Overview
Terry Smith (via Fundsmith Llp) currently holds 6.52 M shares of Fortinet, Inc. (FTNT) worth $517.44 M, representing 3.02% of the portfolio. First purchased in 2020-Q3, this long-term strategic position has been held for 22 quarters.
Based on 13F filings, Terry Smith has maintained a strategic position in FTNT, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2020, adding 2.66 M shares. Largest reduction occurred in Q4 2025, reducing 1.9 M shares.
Analysis based on 13F filings available since 2013 Q2
Terry Smith's Fortinet (FTNT) Holding Value Over Time
Track share changes against reported price movement
Quarterly Fortinet (FTNT) Trades by Terry Smith
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -1.9 M | Reduce 22.61% | 6.52 M | $79.41 |
| Q3 2025 | +1,730 | Add 0.02% | 8.42 M | $84.08 |
| Q2 2025 | -104,678 | Reduce 1.23% | 8.42 M | $105.72 |
| Q1 2025 | -7,383 | Reduce 0.09% | 8.52 M | $96.26 |
| Q4 2024 | -1.59 M | Reduce 15.69% | 8.53 M | $94.48 |
| Q3 2024 | -167,371 | Reduce 1.63% | 10.12 M | $77.55 |
| Q2 2024 | +2.11 M | Add 25.82% | 10.29 M | $60.27 |
| Q1 2024 | +843,141 | Add 11.50% | 8.17 M | $68.31 |
| Q4 2023 | +2.41 M | Add 48.89% | 7.33 M | $58.53 |
| Q3 2023 | +2.61 M | Add 112.87% | 4.92 M | $58.68 |
| Q4 2022 | -2,554 | Reduce 0.11% | 2.31 M | $48.89 |
| Q3 2022 | +26,787 | Add 1.17% | 2.32 M | $49.13 |
| Q2 2022 | -20,895 | Reduce 0.90% | 2.29 M | $56.58 |
| Q1 2022 | -868,910 | Reduce 27.33% | 2.31 M | $68.35 |
| Q4 2021 | +6,800 | Add 0.21% | 3.18 M | $71.88 |
| Q3 2021 | -588,075 | Reduce 15.64% | 3.17 M | $58.41 |
| Q2 2021 | +20,610 | Add 0.55% | 3.76 M | $47.64 |
| Q1 2021 | +15,685 | Add 0.42% | 3.74 M | $36.88 |
| Q4 2020 | +2.66 M | Add 250.57% | 3.72 M | $29.71 |
| Q3 2020 | +1.06 M | New Buy | 1.06 M | $23.56 |
Terry Smith's Fortinet Investment FAQs
Terry Smith first purchased Fortinet, Inc. (FTNT) in Q3 2020, acquiring 1,062,225 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Terry Smith has held Fortinet, Inc. (FTNT) for 22 quarters since Q3 2020.
Terry Smith's largest addition to Fortinet, Inc. (FTNT) was in Q4 2020, adding 3,723,855 shares worth $110.62 M.
According to the latest 13F filing for Q4 2025, Terry Smith's firm, Fundsmith Llp, owns 6,516,011 shares of Fortinet, Inc. (FTNT), valued at approximately $517.44 M.
As of the Q4 2025 filing, Fortinet, Inc. (FTNT) represents approximately 3.02% of Terry Smith's publicly disclosed stock portfolio, making it one of their key holdings.
Terry Smith's peak holding in Fortinet, Inc. (FTNT) was 10,285,664 shares, as reported at the end of Q2 2024.