Fortinet, Inc.
US ˙ NasdaqGS ˙ US34959E1091

SecurityFTNT / Fortinet, Inc.
InstitutionAperio Group, LLC
Latest Disclosed Ownership54,746 shares
Latest Disclosed Value $ 8,131,000
Aperio Group, LLC reports 34.46% decrease in ownership of FTNT / Fortinet, Inc.

On February 5, 2021 - Aperio Group, LLC filed a 13F-HR form disclosing ownership of 54,746 shares of Fortinet, Inc. (US:FTNT) valued at $1,626,285 USD as of December 31, 2020. The entity filed a previous 13F-HR on November 6, 2020 disclosing 83,531 shares of Fortinet, Inc.. This represents a change in shares of -34.46% during the quarter. The current value of the position is $7,920,651 USD.

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)
2021-02-05 2020-12-31 13F FORTINET COM 34959E109 54,746 -28,785 -34.46 8,131 -17.38 0.0241
2020-11-06 2020-09-30 13F FORTINET COM 34959E109 83,531 16,861 25.29 9,841 7.54 0.0332
2020-08-13 2020-06-30 13F FORTINET COM 34959E109 66,670 12,850 23.88 9,151 68.06 0.0338
2020-05-05 2020-03-31 13F FORTINET COM 34959E109 53,820 5,281 10.88 5,445 5.08 0.0241
2020-02-13 2019-12-31 13F FORTINET COM 34959E109 48,539 7,114 17.17 5,182 62.96 0.0186
2019-11-06 2019-09-30 13F FORTINET COM 34959E109 41,425 -375 -0.90 3,180 -1.00 0.0126
2019-07-30 2019-06-30 13F FORTINET COM 34959E109 41,800 -5,279 -11.21 3,212 -18.77 0.0131
2019-05-13 2019-03-31 13F FORTINET COM 34959E109 47,079 -3,380 -6.70 3,954 11.25 0.0171
2019-05-06 2018-12-31 13F/A-1 FORTINET COM 34959E109 50,459 17,969 55.31 3,554 18.55 0.0179
2019-02-14 2018-12-31 13F FORTINET COM 34959E109 50,630 18,140 3,566
2019-05-06 2018-09-30 13F/A-1 FORTINET COM 34959E109 32,490 3,262 11.16 2,998 64.27 0.0132
2018-10-17 2018-09-30 13F FORTINET INC COM COMMON 34959E109 32,490 3,262 2,998
2019-05-06 2018-06-30 13F/A-1 FORTINET COM 34959E109 29,228 1,136 4.04 1,825 21.26 0.0087
2018-07-30 2018-06-30 13F FORTINET INC COM COMMON 34959E109 29,228 1,136 1,825
2019-05-01 2018-03-31 13F/A-1 FORTINET COM 34959E109 28,092 818 3.00 1,505 26.26 0.0075
2018-05-08 2018-03-31 13F FORTINET INC COM COMMON 34959E109 28,092 818 1,505
2019-05-01 2017-12-31 13F/A-1 FORTINET COM 34959E109 27,274 -190 -0.69 1,192 21.14 0.0062
2018-02-02 2017-12-31 13F FORTINET INC COM COMMON 34959E109 27,274 -190 1,192
2019-05-01 2017-09-30 13F/A-1 FORTINET COM 34959E109 27,464 -1,176 -4.11 984 -8.21 0.0056
2017-10-25 2017-09-30 13F FORTINET INC COM COMMON 34959E109 27,464 -1,176 984
2019-04-22 2017-06-30 13F/A-1 FORTINET COM 34959E109 28,640 733 2.63 1,072 0.19 0.0066
2017-07-18 2017-06-30 13F FORTINET INC COM COMMON 34959E109 28,640 733 1,072
2019-04-22 2017-03-31 13F/A-1 FORTINET COM 34959E109 27,907 4,226 17.85 1,070 50.07 0.0073
2017-05-05 2017-03-31 13F FORTINET INC COM COMMON 34959E109 27,907 4,226 1,070
2019-04-22 2016-12-31 13F/A-1 FORTINET COM 34959E109 23,681 -9,238 -28.06 713 -41.37 0.0055
2017-02-14 2016-12-31 13F FORTINET INC COM COMMON 34959E109 23,681 -9,238 713
2019-04-12 2016-09-30 13F/A-1 FORTINET COM 34959E109 32,919 3,646 12.46 1,216 31.46 0.0088
2016-11-01 2016-09-30 13F FORTINET INC COM COMMON 34959E109 32,919 3,646 1,216
2019-04-12 2016-06-30 13F/A-1 FORTINET COM 34959E109 29,273 4,509 18.21 925 21.87 0.0072
2016-08-12 2016-06-30 13F FORTINET INC COM COMMON 34959E109 29,273 4,509 925
2019-04-12 2016-03-31 13F/A-1 FORTINET COM 34959E109 24,764 7,920 47.02 759 44.57 0.0065
2016-04-28 2016-03-31 13F FORTINET INC COM COMMON 34959E109 24,764 7,920 759
2016-01-21 2015-12-31 13F FORTINET INC COM COMMON 34959E109 16,844 -1,919 -10.23 525 -34.13 0.0048
2015-10-19 2015-09-30 13F FORTINET INC COM COMMON 34959E109 18,763 2,858 17.97 797 21.31 0.0081
2015-07-29 2015-06-30 13F FORTINET INC COM COMMON 34959E109 15,905 1,024 6.88 657 26.35 0.0068
2015-04-29 2015-03-31 13F FORTINET INC COM COMMON 34959E109 14,881 14,881 0.00 520 0.0058
2015-01-30 2014-12-31 13F FORTINET INC COM COMMON 34959E109 0 -11,997 -100.00 0 -100.00
2014-10-21 2014-09-30 13F FORTINET INC COM COMMON 34959E109 11,997 2,256 23.16 303 23.67 0.0041
2014-07-23 2014-06-30 13F FORTINET INC COM COMMON 34959E109 9,741 9,741 245 0.0036
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.