Fortis
FTS
267 hedge funds and large institutions have $9.29B invested in Fortis in 2020 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 93 increasing their positions, 100 reducing their positions, and 32 closing their positions.
167% more funds holding in top 10
Funds holding in top 10: 3 → 8 (+5)
0% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 32
7% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 100
9% less call options, than puts
Call options by funds: $15M | Put options by funds: $16.5M
2% less funds holding
Funds holding: 272 → 267 (-5)
2.66% less ownership
Funds ownership: 54.9% → 52.24% (-2.7%)
11% less capital invested
Capital invested by funds: $10.5B → $9.29B (-$1.18B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$150M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$148M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$114M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$99.6M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$81.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
-$383M |
| 2 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$194M |
| 3 |
Morgan Stanley
New York
|
-$194M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$164M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$113M |
FTS Hedge Fund Activity: Q1 2020 in Review
267 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q1 2020, worth a combined $9.29B — down 11% from $10.5B a quarter earlier.
Fund positioning in FTS was balanced in Q1 2020: 32 funds opened new positions, 32 closed out, 93 added to existing stakes and 100 trimmed.
The largest buyer was Credit Suisse, adding an estimated $150M. The largest seller was Zimmer Partners, cutting an estimated $383M.
- 267 institutional investors held Fortis (FTS) as of Q1 2020, down from 272 in Q4 2019.
- Funds reported $9.29B of Fortis stock for Q1 2020, down 11% quarter-over-quarter.
- 32 funds opened new Fortis positions in Q1 2020 and 32 closed out, a net change of 0 holders.
- The largest Fortis buyer in Q1 2020 was Credit Suisse, an estimated $150M added.
- The largest Fortis seller in Q1 2020 was Zimmer Partners, an estimated $383M sold.
Based on aggregated 13F filings for Q1 2020.