Fortis
276 hedge funds and large institutions have $10.7B invested in Fortis in 2023 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 104 increasing their positions, 86 reducing their positions, and 36 closing their positions.
35% more call options, than puts
Call options by funds: $52.5M | Put options by funds: $38.8M
21% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 86
8% more capital invested
Capital invested by funds: $9.91B → $10.7B (+$824M)
0.82% more ownership
Funds ownership: 51.01% → 51.84% (+0.82%)
2% less funds holding
Funds holding: 281 → 276 (-5)
11% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 36
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
Top Sellers
FTS Hedge Fund Activity: Q1 2023 in Review
276 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q1 2023, worth a combined $10.7B — up 8.3% from $9.91B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of FTS and 32 opened new positions — a net loss of 4 holders — while 86 trimmed existing stakes and 104 added.
The largest buyer was Canada Pension Plan Investment Board, adding an estimated $159M. The largest seller was Royal Bank of Canada, cutting an estimated $78M.
- 276 institutional investors held Fortis (FTS) as of Q1 2023, down from 281 in Q4 2022.
- Funds reported $10.7B of Fortis stock for Q1 2023, up 8.3% quarter-over-quarter.
- 32 funds opened new Fortis positions in Q1 2023 and 36 closed out, a net change of -4 holders.
- The largest Fortis buyer in Q1 2023 was Canada Pension Plan Investment Board, an estimated $159M added.
- The largest Fortis seller in Q1 2023 was Royal Bank of Canada, an estimated $78M sold.
Based on aggregated 13F filings for Q1 2023.