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Fortis
FTS

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
281
Holders Change
+9
Holders Change %
+3.31%
% of All Funds
4.05%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
34
Increased
98
Reduced
100
Closed
23
Calls
$68.4M
Puts
$31.6M
Net Calls
+$36.8M
Net Calls Change
+$26.7M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$75.9M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$68.9M
3
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$40.5M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$34.1M
5
CIBC World Market
CIBC World Market
Ontario, Canada
+$30.7M

Top Sellers

1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$81M
2
Fidelity International
Fidelity International
Bermuda
-$78.2M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$67.3M
4
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$60M
5
TD Asset Management
TD Asset Management
Ontario, Canada
-$59.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
OAC
26
OMERS Administration Corp
Ontario, Canada
$96.4M – – –
Geode Capital Management
27
Geode Capital Management
Massachusetts
$83.4M +$4.12M +103,487 +5%
Renaissance Technologies
28
Renaissance Technologies
New York
$82.7M +$633K +15,900 +0.8%
Canada Pension Plan Investment Board
29
Canada Pension Plan Investment Board
Ontario, Canada
$64.5M +$6.95M +174,584 +12%
Invesco
30
Invesco
Georgia
$62.3M -$1.71M -42,906 -3%
First Trust Advisors
31
First Trust Advisors
Illinois
$59.2M -$6.38M -160,120 -10%
Swiss National Bank
32
Swiss National Bank
Switzerland
$58.3M -$4.23M -106,300 -7%
CS
33
Credit Suisse
Switzerland
$49.7M -$5.13M -128,898 -12%
Amundi
34
Amundi
France
$48.2M +$11M +275,401 +33%
GCC
35
Guardian Capital (Canada)
Ontario, Canada
$48M -$2.15M -53,970 -4%
AIMCA
36
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$47.6M – – –
Sumitomo Mitsui Trust Group
37
Sumitomo Mitsui Trust Group
Japan
$45.4M +$142K +3,561 +0.3%
BlackRock
38
BlackRock
New York
$43M +$1.48M +37,114 +4%
QI
39
QV Investors
Alberta, Canada
$40.6M +$423K +10,620 +1%
DPIM
40
Duff & Phelps Investment Management
Illinois
$38.8M – – –
FDCDDQ
41
Federation des caisses Desjardins du Quebec
Quebec, Canada
$37.6M +$536K +13,462 +2%
Kayne Anderson Rudnick Investment Management
42
Kayne Anderson Rudnick Investment Management
California
$35.9M -$857K -21,508 -2%
Fiera Capital (Canada)
43
Fiera Capital (Canada)
Quebec, Canada
$30.6M -$2.23M -55,888 -7%
Aviva
44
Aviva
United Kingdom
$30.5M +$2.66M +66,887 +9%
Canada Life
45
Canada Life
Manitoba, Canada
$22.1M +$974K +24,469 +5%
N
46
Nuveen
North Carolina
$22M +$3.98M +99,886 +22%
MSRPS
47
Maryland State Retirement & Pension System
Maryland
$21.9M +$166K +4,160 +0.7%
CAM
48
Cidel Asset Management
Ontario, Canada
$21.7M -$25.4M -638,647 -54%
Bank of New York Mellon
49
Bank of New York Mellon
New York
$21.1M -$3.07M -77,045 -13%
CIPU
50
Caledonia Investments plc (UK)
United Kingdom
$20.8M – – –
1
2
3 4 5

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.