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Fortis
FTS

272 hedge funds and large institutions have $10.8B invested in Fortis in 2023 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 105 increasing their positions, 91 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 20

32% more call options, than puts

Call options by funds: $42.1M | Put options by funds: $32M

15% more repeat investments, than reductions

Existing positions increased: 105 | Existing positions reduced: 91

12% more capital invested

Capital invested by funds: $9.57B → $10.8B (+$1.18B)

2% more funds holding

Funds holding: 266 → 272 (+6)

2.24% more ownership

Funds ownership: 50.81% → 53.05% (+2.2%)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
272
Holders Change
+6
Holders Change %
+2.26%
% of All Funds
3.97%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
30
Increased
105
Reduced
91
Closed
20
Calls
$42.1M
Puts
$32M
Net Calls
+$10.1M
Net Calls Change
+$8.13M

Top Buyers

1
Fidelity International
Fidelity International
Bermuda
+$199M
2
ClearBridge Investments
ClearBridge Investments
New York
+$117M
3
TD Asset Management
TD Asset Management
Ontario, Canada
+$98.3M
4
Bank of America
Bank of America
North Carolina
+$86.2M
5
Morgan Stanley
Morgan Stanley
New York
+$47M

Top Sellers

1
Franklin Resources
Franklin Resources
California
-$103M
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$53.1M
3
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$32.3M
4
DZ Bank
DZ Bank
Germany
-$19M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$17M
Name Holding Trade Value Shares
Change 		Change in
Stake
BFS
101
Baskin Financial Services
Ontario, Canada
$3.53M -$401K -9,957 -10%
MHI
102
Miller Howard Investments
New York
$3.42M -$269K -6,667 -7%
GIM
103
Gold Investment Management
Alberta, Canada
$3.32M +$3.26M +80,790 New
CQS
104
Credential Qtrade Securities
$3.24M +$248K +6,156 +8%
TPM
105
Triasima Portfolio Management
Quebec, Canada
$3.23M -$15.6M -387,486 -83%
Two Sigma Investments
106
Two Sigma Investments
New York
$2.85M -$9.61M -238,284 -77%
ProShare Advisors
107
ProShare Advisors
Maryland
$2.69M +$61.6K +1,529 +2%
Qube Research & Technologies (QRT)
108
Qube Research & Technologies (QRT)
United Kingdom
$2.63M +$2.58M +63,928 New
Truist Financial
109
Truist Financial
North Carolina
$2.6M -$242K -5,992 -9%
HPG
110
Harvest Portfolios Group
Ontario, Canada
$2.59M +$163K +4,036 +7%
SAM
111
Shell Asset Management
Netherlands
$2.57M -$661K -16,400 -21%
Jones Financial Companies
112
Jones Financial Companies
Missouri
$2.44M -$192K -4,756 -7%
URS
113
Utah Retirement Systems
Utah
$2.36M – – –
Ensign Peak Advisors
114
Ensign Peak Advisors
Utah
$2.31M – – –
Janus Henderson Group
115
Janus Henderson Group
United Kingdom
$2.29M – – –
QCM
116
Quantinno Capital Management
New York
$2.23M +$658K +16,332 +43%
CSS
117
Cubist Systematic Strategies
Connecticut
$2.23M -$847K -21,003 -28%
WHRC
118
W.H. Reaves & Co
New Jersey
$2.22M -$78.6K -1,950 -3%
Stifel Financial
119
Stifel Financial
Missouri
$2.2M -$13.8K -343 -0.6%
TI
120
Trexquant Investment
Connecticut
$2.18M +$1.56M +38,732 +269%
CF
121
Canoe Financial
Alberta, Canada
$2.04M -$523K -12,968 -21%
LPL Financial
122
LPL Financial
California
$1.93M +$17.2K +426 +0.9%
VNA
123
Valley National Advisers
Pennsylvania
$1.88M -$203K -5,042 -10%
TC
124
Tacita Capital
Ontario, Canada
$1.85M +$21.5K +534 +1%
Creative Planning
125
Creative Planning
Kansas
$1.8M +$410K +10,163 +30%
3 4
5
6 7

FTS Hedge Fund Activity: Q4 2023 in Review

272 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q4 2023, worth a combined $10.8B — up 12% from $9.57B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FTS positions and 20 closed out — a net gain of 10 holders — while 105 added to existing stakes and 91 trimmed.

The largest buyer was Fidelity International, adding an estimated $199M. The largest seller was Franklin Resources, cutting an estimated $103M.

  • 272 institutional investors held Fortis (FTS) as of Q4 2023, up from 266 in Q3 2023.
  • Funds reported $10.8B of Fortis stock for Q4 2023, up 12% quarter-over-quarter.
  • 30 funds opened new Fortis positions in Q4 2023 and 20 closed out, a net change of +10 holders.
  • The largest Fortis buyer in Q4 2023 was Fidelity International, an estimated $199M added.
  • The largest Fortis seller in Q4 2023 was Franklin Resources, an estimated $103M sold.

Based on aggregated 13F filings for Q4 2023.