Fortis
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$199M |
| 2 |
ClearBridge Investments
New York
|
+$117M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$98.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$86.2M |
| 5 |
Morgan Stanley
New York
|
+$47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$103M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$53.1M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$32.3M |
| 4 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$19M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$17M |
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.