Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionEmpowered Funds, LLC
Latest Disclosed Ownership157,306 shares
Latest Disclosed Value $ 12,855,047
Empowered Funds, LLC reports 108.28% increase in ownership of FTNT / Fortinet, Inc.

On May 15, 2026 - Empowered Funds, LLC filed a 13F-HR form disclosing ownership of 157,306 shares of Fortinet, Inc. (MX:FTNT) valued at $12,855,047 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 75,528 shares of Fortinet, Inc.. This represents a change in shares of 108.28% during the quarter.

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)
2026-05-15 2026-03-31 13F FORTINET COM 34959E109 157,306 81,778 108.28 12,855 114.36 0.0360
2026-02-11 2025-12-31 13F FORTINET COM 34959E109 75,528 -190,362 -71.59 5,998 -73.17 0.0477
2025-11-13 2025-09-30 13F FORTINET COM 34959E109 265,890 -45,095 -14.50 22,356 -32.00 0.2257
2025-08-11 2025-06-30 13F FORTINET COM 34959E109 310,985 -20,136 -6.08 32,877 3.15 0.3721
2025-05-16 2025-03-31 13F FORTINET COM 34959E109 331,121 85,787 34.97 31,874 37.51 0.4536
2025-01-28 2024-12-31 13F FORTINET COM 34959E109 245,334 2,915 1.20 23,179 23.30 0.3388
2024-11-06 2024-09-30 13F FORTINET COM 34959E109 242,419 12,641 5.50 18,800 35.75 0.2956
2024-07-30 2024-06-30 13F FORTINET COM 34959E109 229,778 200,278 678.91 13,849 587.25 0.2397
2024-05-07 2024-03-31 13F/A-1 FORTINET COM 34959E109 29,500 3,258 12.42 2,015 31.27 0.0364
2024-05-06 2024-03-31 13F FORTINET COM 34959E109 29,500 3,258 2,015 0.0174
2024-02-14 2023-12-31 13F FORTINET COM 34959E109 26,242 4,925 23.10 1,536 22.80 0.0386
2023-11-01 2023-09-30 13F FORTINET COM 34959E109 21,317 -80,372 -79.04 1,251 -83.74 0.0369
2023-07-27 2023-06-30 13F FORTINET COM 34959E109 101,689 63,611 167.05 7,687 203.79 0.2702
2023-04-05 2023-03-31 13F FORTINET COM 34959E109 38,078 1,185 3.21 2,531 40.32 0.1492
2023-02-21 2022-12-31 13F/A-1 FORTISTAR SUSTAINABLE SOL *W EXP 01/14/202 34959E109 36,893 22,352 153.72 1,804 152.52 0.1179
2023-01-26 2022-12-31 13F FORTISTAR SUSTAINABLE SOL *W EXP 01/14/202 34959E109 36,893 22,352 2 0.0725
2022-11-04 2022-09-30 13F FORTINET COM 34959E109 14,541 14,541 714 0.0691
2022-08-01 2022-06-30 13F FORTINET COM 34959E109 0 -5,809 -100.00 0 -100.00
2022-04-21 2022-03-31 13F FORTINET COM 34959E109 5,809 428 7.95 1,985 2.64 0.2170
2022-02-10 2021-12-31 13F FORTINET COM 34959E109 5,381 5,381 1,934 0.2181
2021-02-02 2020-12-31 13F FORTINET COM 34959E109 0 -10,487 -100.00 0 -100.00
2020-10-26 2020-09-30 13F FORTINET COM 34959E109 10,487 10,487 1,235 0.3855
2019-11-01 2019-09-30 13F FORTINET COM 34959E109 0 -14,594 -100.00 0 -100.00
2019-07-09 2019-06-30 13F FORTINET COM 34959E109 14,594 -2,125 -12.71 1,121 -20.16 0.4685
2019-05-10 2019-03-31 13F FORTINET COM 34959E109 16,719 -705 -4.05 1,404 14.43 0.5020
2019-01-22 2018-12-31 13F FORTINET COM 34959E109 17,424 -3,147 -15.30 1,227 -35.01 0.5192
2018-10-18 2018-09-30 13F FORTINET COM 34959E109 20,571 20,571 1,888 0.5589
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.