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Fortis
FTS

275 hedge funds and large institutions have $10.1B invested in Fortis in 2024 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 118 increasing their positions, 88 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

34% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 88

0.39% more ownership

Funds ownership: 51.83% → 52.22% (+0.39%)

0% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 33

1% less capital invested

Capital invested by funds: $10.2B → $10.1B (-$140M)

5% less call options, than puts

Call options by funds: $45.3M | Put options by funds: $47.6M

2% less funds holding

Funds holding: 281 → 275 (-6)

Holders
275
Holders Change
-6
Holders Change %
-2.14%
% of All Funds
3.97%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
33
Increased
118
Reduced
88
Closed
33
Calls
$45.3M
Puts
$47.6M
Net Calls
-$2.35M
Net Calls Change
-$39.2M

Top Buyers

1
Fidelity International
Fidelity International
Bermuda
+$176M
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$59M
3
Charles Schwab
Charles Schwab
California
+$50.4M
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$37.3M
5
UBS AM
UBS AM
Illinois
+$32.9M

Top Sellers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$103M
2
OAC
OMERS Administration Corp
Ontario, Canada
-$96.4M
3
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
-$45.4M
4
National Bank of Canada
National Bank of Canada
Quebec, Canada
-$42.1M
5
Bank of America
Bank of America
North Carolina
-$33.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
126
AllianceBernstein
Tennessee
$1.39M +$54.2K +1,375 +4%
WHRC
127
W.H. Reaves & Co
New Jersey
$1.32M -$789K -20,000 -37%
RJA
128
Raymond James & Associates
Florida
$1.31M +$156K +3,967 +13%
Baird Financial Group
129
Baird Financial Group
Wisconsin
$1.29M +$10.3K +260 +0.8%
BNP Paribas Asset Management
130
BNP Paribas Asset Management
France
$1.26M +$108K +2,726 +13%
CP
131
Cumberland Partners
Ontario, Canada
$1.26M +$51.3K +1,300 +4%
QT
132
Quantbot Technologies
New York
$1.16M -$305K -7,724 -21%
CAM
133
Concorde Asset Management
Michigan
$1.13M -$1.14M -29,000 -50%
TPM
134
Triasima Portfolio Management
Quebec, Canada
$1.13M -$15.8K -400 -1%
Truist Financial
135
Truist Financial
North Carolina
$1.11M +$66.7K +1,691 +6%
FRA
136
Frank Rimerman Advisors
California
$1.09M +$1.1M +27,998 New
Ameriprise
137
Ameriprise
Minnesota
$1.02M +$383K +9,714 +98%
KJHP
138
K.J. Harrison & Partners
Ontario, Canada
$985K +$63.1K +1,600 +7%
PAMP
139
Polar Asset Management Partners
Ontario, Canada
$971K +$986K +25,000 New
Acadian Asset Management
140
Acadian Asset Management
Massachusetts
$948K +$963K +24,420 New
IMCOOI
141
Investment Management Corp of Ontario (IMCO)
Canada
$920K +$10.4K +265 +1%
S
142
SignatureFD
Georgia
$886K +$26.8K +679 +3%
JFL
143
Jarislowsky, Fraser Ltd
Quebec, Canada
$804K -$699K -17,736 -46%
Barclays
144
Barclays
United Kingdom
$764K +$125K +3,170 +19%
PAG
145
Private Advisor Group
New Jersey
$714K +$1.26K +32 +0.2%
MHI
146
Miller Howard Investments
New York
$709K -$19.2K -488 -3%
SC
147
Savant Capital
Illinois
$702K -$670 -17 -0.1%
Cetera Investment Advisers
148
Cetera Investment Advisers
Illinois
$697K +$17.6K +446 +3%
Janney Montgomery Scott
149
Janney Montgomery Scott
Pennsylvania
$692K +$703K +17,818 New
M&T Bank
150
M&T Bank
New York
$691K +$5.32K +135 +0.8%
4 5
6
7 8

FTS Hedge Fund Activity: Q2 2024 in Review

275 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q2 2024, worth a combined $10.1B — down 1.4% from $10.2B a quarter earlier.

Fund positioning in FTS was balanced in Q2 2024: 33 funds opened new positions, 33 closed out, 118 added to existing stakes and 88 trimmed.

The largest buyer was Fidelity International, adding an estimated $176M. The largest seller was Bank of Montreal, cutting an estimated $103M.

  • 275 institutional investors held Fortis (FTS) as of Q2 2024, down from 281 in Q1 2024.
  • Funds reported $10.1B of Fortis stock for Q2 2024, down 1.4% quarter-over-quarter.
  • 33 funds opened new Fortis positions in Q2 2024 and 33 closed out, a net change of 0 holders.
  • The largest Fortis buyer in Q2 2024 was Fidelity International, an estimated $176M added.
  • The largest Fortis seller in Q2 2024 was Bank of Montreal, an estimated $103M sold.

Based on aggregated 13F filings for Q2 2024.