Fortis
281 hedge funds and large institutions have $9.91B invested in Fortis in 2022 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 100 increasing their positions, 101 reducing their positions, and 25 closing their positions.
400% more funds holding in top 10
Funds holding in top 10: 1 → 5 (+4)
48% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 25
15% more capital invested
Capital invested by funds: $8.6B → $9.91B (+$1.31B)
3% more funds holding
Funds holding: 273 → 281 (+8)
0.2% less ownership
Funds ownership: 51.22% → 51.01% (-0.2%)
1% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 101
33% less call options, than puts
Call options by funds: $44M | Put options by funds: $66M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$120M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$75M |
| 3 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$71.7M |
| 4 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$58.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$55.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$119M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$76.8M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$55M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$39.2M |
| 5 |
Renaissance Technologies
New York
|
-$32.6M |
FTS Hedge Fund Activity: Q4 2022 in Review
281 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q4 2022, worth a combined $9.91B — up 15% from $8.6B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FTS positions and 25 closed out — a net gain of 12 holders — while 100 added to existing stakes and 101 trimmed.
The largest buyer was National Bank of Canada, adding an estimated $120M. The largest seller was Bank of Nova Scotia, cutting an estimated $119M.
- 281 institutional investors held Fortis (FTS) as of Q4 2022, up from 273 in Q3 2022.
- Funds reported $9.91B of Fortis stock for Q4 2022, up 15% quarter-over-quarter.
- 37 funds opened new Fortis positions in Q4 2022 and 25 closed out, a net change of +12 holders.
- The largest Fortis buyer in Q4 2022 was National Bank of Canada, an estimated $120M added.
- The largest Fortis seller in Q4 2022 was Bank of Nova Scotia, an estimated $119M sold.
Based on aggregated 13F filings for Q4 2022.