Fortinet, Inc.
MX ˙ BMV ˙ US34959E1091
SecurityMX:FTNT / Fortinet, Inc.
InstitutionUtah Retirement Systems
Latest Disclosed Ownership100,600 shares
Latest Disclosed Value $ 8,221,032
Utah Retirement Systems reports 4.23% decrease in ownership of FTNT / Fortinet, Inc.

On May 15, 2026 - Utah Retirement Systems filed a 13F-HR form disclosing ownership of 100,600 shares of Fortinet, Inc. (MX:FTNT) valued at $8,221,032 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 105,048 shares of Fortinet, Inc.. This represents a change in shares of -4.23% 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 100,600 -4,448 -4.23 8,221 -1.44 0.0840
2026-02-17 2025-12-31 13F FORTINET COM 34959E109 105,048 0 0.00 8,342 -5.56 0.0794
2025-11-14 2025-09-30 13F FORTINET COM 34959E109 105,048 873 0.84 8,832 -19.80 0.0858
2025-08-14 2025-06-30 13F FORTINET COM 34959E109 104,175 -385 -0.37 11,013 9.43 0.1150
2025-05-15 2025-03-31 13F FORTINET COM 34959E109 104,560 0 0.00 10,065 1.88 0.1161
2025-02-14 2024-12-31 13F FORTINET COM 34959E109 104,560 200 0.19 9,879 22.06 0.1088
2024-11-14 2024-09-30 13F FORTINET COM 34959E109 104,360 400 0.38 8,093 29.18 0.0913
2024-08-14 2024-06-30 13F FORTINET COM 34959E109 103,960 -7,600 -6.81 6,266 -17.78 0.0744
2024-05-15 2024-03-31 13F FORTINET COM 34959E109 111,560 -2,100 -1.85 7,621 14.55 0.0891
2024-02-14 2023-12-31 13F FORTINET COM 34959E109 113,660 700 0.62 6,653 0.36 0.0847
2023-11-14 2023-09-30 13F FORTINET COM 34959E109 112,960 200 0.18 6,628 -22.23 0.0947
2023-08-14 2023-06-30 13F FORTINET COM 34959E109 112,760 -2,000 -1.74 8,524 11.76 0.1182
2023-05-16 2023-03-31 13F FORTINET COM 34959E109 114,760 400 0.35 7,627 36.40 0.1103
2023-02-15 2022-12-31 13F FORTINET COM 34959E109 114,360 -1,200 -1.04 5,591 -1.51 0.0887
2022-11-14 2022-09-30 13F FORTINET COM 34959E109 115,560 -1,400 -1.20 5,677 -14.21 0.0947
2022-08-16 2022-06-30 13F FORTINET COM 34959E109 116,960 93,068 389.54 6,617 -18.96 0.1059
2022-05-13 2022-03-31 13F FORTINET COM 34959E109 23,892 -356 -1.47 8,165 -6.31 0.1087
2022-02-14 2021-12-31 13F FORTINET COM 34959E109 24,248 0 0.00 8,715 23.08 0.1077
2021-11-16 2021-09-30 13F FORTINET COM 34959E109 24,248 -1,200 -4.72 7,081 16.81 0.0957
2021-08-16 2021-06-30 13F FORTINET COM 34959E109 25,448 0 0.00 6,062 29.17 0.0780
2021-05-17 2021-03-31 13F FORTINET COM 34959E109 25,448 -1,200 -4.50 4,693 18.57 0.0654
2021-02-16 2020-12-31 13F FORTINET COM 34959E109 26,648 1,200 4.72 3,958 31.98 0.0562
2020-11-16 2020-09-30 13F FORTINET COM 34959E109 25,448 100 0.39 2,999 -13.82 0.0498
2020-08-13 2020-06-30 13F/A-1 FORTINET COM 34959E109 25,348 -1,900 -6.97 3,480 26.22 0.0639
2020-08-13 2020-06-30 13F FORTINET COM 34959E109 25,348 -1,900 3,480 63,872.0796
2020-05-15 2020-03-31 13F FORTINET COM 34959E109 27,248 0 0.00 2,757 -5.23 0.0596
2020-02-12 2019-12-31 13F FORTINET COM 34959E109 27,248 100 0.37 2,909 39.59 0.0511
2019-11-14 2019-09-30 13F FORTINET COM 34959E109 27,148 200 0.74 2,084 0.68 0.0397
2019-08-14 2019-06-30 13F FORTINET COM 34959E109 26,948 403 1.52 2,070 -7.13 0.0396
2019-05-15 2019-03-31 13F FORTINET COM 34959E109 26,545 574 2.21 2,229 21.80 0.0442
2019-02-08 2018-12-31 13F FORTINET COM 34959E109 25,971 200 0.78 1,830 -23.04 0.0414
2018-11-13 2018-09-30 13F FORTINET COM 34959E109 25,771 0 0.00 2,378 47.79 0.0461
2018-08-10 2018-06-30 13F FORTINET COM 34959E109 25,771 -1,300 -4.80 1,609 10.89 0.0333
2018-05-15 2018-03-31 13F FORTINET COM 34959E109 27,071 0 0.00 1,451 22.65 0.0309
2018-02-14 2017-12-31 13F FORTINET COM 34959E109 27,071 100 0.37 1,183 22.46 0.0249
2017-11-13 2017-09-30 13F FORTINET COM 34959E109 26,971 0 0.00 966 -4.36 0.0217
2017-08-08 2017-06-30 13F FORTINET COM 34959E109 26,971 700 2.66 1,010 0.20 0.0235
2017-05-11 2017-03-31 13F FORTINET COM 34959E109 26,271 0 0.00 1,008 27.27 0.0241
2017-02-10 2016-12-31 13F FORTINET COM 34959E109 26,271 0 0.00 792 -18.43 0.0199
2016-11-07 2016-09-30 13F FORTINET COM 34959E109 26,271 0 0.00 971 16.99 0.0251
2016-08-03 2016-06-30 13F FORTINET COM 34959E109 26,271 700 2.74 830 6.00 0.0221
2016-05-10 2016-03-31 13F FORTINET COM 34959E109 25,571 0 0.00 783 -1.76 0.0212
2016-02-11 2015-12-31 13F FORTINET COM 34959E109 25,571 100 0.39 797 -26.34 0.0216
2015-11-03 2015-09-30 13F FORTINET COM 34959E109 25,471 200 0.79 1,082 3.64 0.0310
2015-08-11 2015-06-30 13F FORTINET COM 34959E109 25,271 800 3.27 1,044 22.11 0.0277
2015-05-14 2015-03-31 13F FORTINET COM 34959E109 24,471 900 3.82 855 18.26 0.0225
2015-02-11 2014-12-31 13F FORTINET COM 34959E109 23,571 0 0.00 723 21.31 0.0199
2014-11-06 2014-09-30 13F FORTINET COM 34959E109 23,571 -100 -0.42 596 0.17 0.0171
2014-08-08 2014-06-30 13F FORTINET COM 34959E109 23,671 -600 -2.47 595 11.21 0.0170
2014-05-08 2014-03-31 13F FORTINET COM 34959E109 24,271 200 0.83 535 16.30 0.0154
2014-02-05 2013-12-31 13F FORTINET COM 34959E109 24,071 0 0.00 460 -5.74 0.0136
2013-11-06 2013-09-30 13F FORTINET COM 34959E109 24,071 -200 -0.82 488 15.09 0.0158
2013-08-02 2013-06-30 13F FORTINET COM 34959E109 24,271 24,271 424 0.0143
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.