Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionFirst Merchants Corp
Latest Disclosed Ownership99,272 shares
Latest Disclosed Value $ 8,112,508
First Merchants Corp reports 4.45% increase in ownership of FTNT / Fortinet, Inc.

On April 16, 2026 - First Merchants Corp filed a 13F-HR form disclosing ownership of 99,272 shares of Fortinet, Inc. (MX:FTNT) valued at $8,112,508 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 12, 2026 disclosing 95,039 shares of Fortinet, Inc.. This represents a change in shares of 4.45% 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)
2026-04-16 2026-03-31 13F FORTINET Equities 34959E109 99,272 4,233 4.45 8,113 7.49 0.3013
2026-01-12 2025-12-31 13F FORTINET Equities 34959E109 95,039 2,114 2.27 7,547 -3.40 0.2795
2025-10-22 2025-09-30 13F FORTINET Equities 34959E109 92,925 1,290 1.41 7,813 -19.35 0.2945
2025-07-23 2025-06-30 13F FORTINET Equities 34959E109 91,635 -2,354 -2.50 9,688 7.07 0.3748
2025-04-24 2025-03-31 13F FORTINET Equities 34959E109 93,989 1,443 1.56 9,047 3.48 0.3609
2025-01-30 2024-12-31 13F FORTINET Equities 34959E109 92,546 114 0.12 8,744 21.97 0.3359
2024-10-24 2024-09-30 13F FORTINET Equities 34959E109 92,432 -2,229 -2.35 7,168 25.64 0.2737
2024-07-25 2024-06-30 13F FORTINET Equities 34959E109 94,661 -2,008 -2.08 5,705 -13.60 0.2296
2024-04-25 2024-03-31 13F FORTINET INC COM COMMON STOCK 34959E109 96,669 -1,159 -1.18 6,603 15.36 0.4965
2024-01-25 2023-12-31 13F FORTINET INC COM COMMON STOCK 34959E109 97,828 -7,146 -6.81 5,725 -7.06 0.4691
2023-10-26 2023-09-30 13F FORTINET INC COM COMMON STOCK 34959E109 104,974 22,754 27.67 6,160 -0.89 0.5490
2023-07-25 2023-06-30 13F FORTINET INC COM COMMON STOCK 34959E109 82,220 82,220 6,215 0.5256
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.