Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionMerit Financial Group, LLC
Latest Disclosed Ownership165,498 shares
Latest Disclosed Value $ 13,524,516
Merit Financial Group, LLC reports 2.64% increase in ownership of FTNT / Fortinet, Inc.

On April 15, 2026 - Merit Financial Group, LLC filed a 13F-HR form disclosing ownership of 165,498 shares of Fortinet, Inc. (MX:FTNT) valued at $13,524,516 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 161,241 shares of Fortinet, Inc.. This represents a change in shares of 2.64% 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)
2026-04-15 2026-03-31 13F FORTINET COM 34959E109 165,498 4,257 2.64 13,525 5.62 0.0777
2026-01-26 2025-12-31 13F FORTINET COM 34959E109 161,241 21,429 15.33 12,804 8.92 0.1027
2025-11-07 2025-09-30 13F/A-1 FORTINET COM 34959E109 139,812 -17,708 -11.24 11,755 -29.41 0.1080
2025-10-20 2025-09-30 13F FORTINET COM 34959E109 139,812 -17,708 11,755 0.1080
2025-07-22 2025-06-30 13F FORTINET COM 34959E109 157,520 -1,114 -0.70 16,653 9.06 0.1857
2025-04-09 2025-03-31 13F FORTINET COM 34959E109 158,634 19,315 13.86 15,270 16.02 0.2287
2025-01-15 2024-12-31 13F FORTINET COM 34959E109 139,319 15,022 12.09 13,163 36.55 0.2365
2024-10-17 2024-09-30 13F FORTINET COM 34959E109 124,297 97,653 366.51 9,639 500.56 0.2155
2024-08-13 2024-06-30 13F FORTINET COM 34959E109 26,644 2,722 11.38 1,606 13.99 0.0354
2024-05-06 2024-03-31 13F FORTINET COM 34959E109 23,922 -477 -1.95 1,409 -1.40 0.0336
2024-02-06 2023-12-31 13F FORTINET COM 34959E109 24,399 -175 -0.71 1,428 -0.90 0.0434
2023-11-07 2023-09-30 13F FORTINET COM 34959E109 24,574 -3,621 -12.84 1,442 -32.38 0.0472
2023-08-01 2023-06-30 13F FORTINET COM 34959E109 28,195 2,024 7.73 2,131 22.54 0.0690
2023-04-24 2023-03-31 13F FORTINET COM 34959E109 26,171 -3,996 -13.25 1,739 17.98 0.0632
2023-01-13 2022-12-31 13F FORTINET COM 34959E109 30,167 810 2.76 1,475 2.22 0.0534
2022-10-31 2022-09-30 13F FORTINET COM 34959E109 29,357 7,271 32.92 1,442 15.36 0.0626
2022-08-08 2022-06-30 13F FORTINET COM 34959E109 22,086 18,405 500.00 1,250 -0.64 0.0387
2022-05-13 2022-03-31 13F FORTINET COM 34959E109 3,681 3,681 1,258 0.0759
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.