Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionFirst Foundation Advisors
Latest Disclosed Ownership62,710 shares
Latest Disclosed Value $ 5,124,661
First Foundation Advisors reports 1.16% decrease in ownership of FTNT / Fortinet, Inc.

On May 4, 2026 - First Foundation Advisors filed a 13F-HR form disclosing ownership of 62,710 shares of Fortinet, Inc. (MX:FTNT) valued at $5,124,661 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 63,446 shares of Fortinet, Inc.. This represents a change in shares of -1.16% 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)
2026-05-04 2026-03-31 13F FORTINET COM 34959E109 62,710 -736 -1.16 5,125 1.71 0.2063
2026-02-04 2025-12-31 13F FORTINET COM 34959E109 63,446 -6,548 -9.36 5,038 -14.39 0.1898
2025-11-17 2025-09-30 13F FORTINET COM 34959E109 69,994 -10,756 -13.32 5,885 -31.06 0.2175
2025-08-14 2025-06-30 13F FORTINET COM 34959E109 80,750 -226 -0.28 8,537 9.52 0.3163
2025-05-08 2025-03-31 13F FORTINET COM 34959E109 80,976 4,935 6.49 7,795 8.49 0.3173
2025-02-13 2024-12-31 13F FORTINET COM 34959E109 76,041 8,307 12.26 7,184 36.79 0.2703
2024-11-14 2024-09-30 13F FORTINET COM 34959E109 67,734 17,562 35.00 5,253 73.73 0.1979
2024-08-06 2024-06-30 13F FORTINET COM 34959E109 50,172 6,863 15.85 3,024 2.20 0.1156
2024-05-10 2024-03-31 13F FORTINET COM 34959E109 43,309 6,872 18.86 2,958 38.74 0.1184
2024-02-14 2023-12-31 13F FORTINET COM 34959E109 36,437 -3,655 -9.12 2,133 -9.35 0.0972
2023-11-15 2023-09-30 13F FORTINET COM 34959E109 40,092 223 0.56 2,353 -21.94 0.1099
2023-08-14 2023-06-30 13F FORTINET COM 34959E109 39,869 559 1.42 3,014 15.35 0.1302
2023-05-12 2023-03-31 13F FORTINET COM 34959E109 39,310 2,461 6.68 2,613 45.03 0.1201
2023-02-14 2022-12-31 13F FORTINET COM 34959E109 36,849 -683 -1.82 1,802 -2.33 0.0863
2022-11-14 2022-09-30 13F FORTINET COM 34959E109 37,532 -16,383 -30.39 1,844 -39.56 0.0903
2022-08-12 2022-06-30 13F FORTINET COM 34959E109 53,915 43,044 395.95 3,051 -17.87 0.1348
2022-05-05 2022-03-31 13F FORTINET COM 34959E109 10,871 1,657 17.98 3,715 12.17 0.1341
2022-02-14 2021-12-31 13F FORTINET COM 34959E109 9,214 1,398 17.89 3,312 45.07 0.1138
2021-11-15 2021-09-30 13F FORTINET COM 34959E109 7,816 438 5.94 2,283 29.94 0.0852
2021-08-13 2021-06-30 13F FORTINET COM 34959E109 7,378 565 8.29 1,757 39.89 0.0677
2021-05-18 2021-03-31 13F FORTINET COM 34959E109 6,813 1,874 37.94 1,256 71.12 0.0539
2021-02-16 2020-12-31 13F FORTINET COM 34959E109 4,939 4,939 734 0.0325
2019-05-13 2019-03-31 13F Fortinet COM 34959E109 0 -13,185 -100.00 0 -100.00
2019-02-14 2018-12-31 13F Fortinet COM 34959E109 13,185 13,185 929 0.0586
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.