Fortis
281 hedge funds and large institutions have $10.2B invested in Fortis in 2024 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 98 increasing their positions, 100 reducing their positions, and 23 closing their positions.
116% more call options, than puts
Call options by funds: $68.4M | Put options by funds: $31.6M
48% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 23
3% more funds holding
Funds holding: 272 → 281 (+9)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 100
1.22% less ownership
Funds ownership: 53.05% → 51.83% (-1.2%)
5% less capital invested
Capital invested by funds: $10.8B → $10.2B (-$560M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$75.9M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$68.9M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$40.5M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$34.1M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$30.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$81M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$78.2M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$67.3M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$60M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$59.7M |
FTS Hedge Fund Activity: Q1 2024 in Review
281 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q1 2024, worth a combined $10.2B — down 5.2% from $10.8B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new FTS positions and 23 closed out — a net gain of 11 holders — while 98 added to existing stakes and 100 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $75.9M. The largest seller was Toronto Dominion Bank, cutting an estimated $81M.
- 281 institutional investors held Fortis (FTS) as of Q1 2024, up from 272 in Q4 2023.
- Funds reported $10.2B of Fortis stock for Q1 2024, down 5.2% quarter-over-quarter.
- 34 funds opened new Fortis positions in Q1 2024 and 23 closed out, a net change of +11 holders.
- The largest Fortis buyer in Q1 2024 was Goldman Sachs, an estimated $75.9M added.
- The largest Fortis seller in Q1 2024 was Toronto Dominion Bank, an estimated $81M sold.
Based on aggregated 13F filings for Q1 2024.