Fortis
235 hedge funds and large institutions have $7.14B invested in Fortis in 2017 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 81 increasing their positions, 90 reducing their positions, and 19 closing their positions.
223% more call options, than puts
Call options by funds: $14.5M | Put options by funds: $4.5M
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
89% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 19
19% more capital invested
Capital invested by funds: $6.01B → $7.14B (+$1.13B)
6% more funds holding
Funds holding: 221 → 235 (+14)
3.06% more ownership
Funds ownership: 48.59% → 51.65% (+3.1%)
10% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
+$390M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$253M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$52.6M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$32.6M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$27.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$61.4M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$35M |
| 3 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
-$34.6M |
| 4 |
Morgan Stanley
New York
|
-$32.6M |
| 5 |
Swiss National Bank
Zurich,
Switzerland
|
-$19.2M |
FTS Hedge Fund Activity: Q1 2017 in Review
235 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q1 2017, worth a combined $7.14B — up 19% from $6.01B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new FTS positions and 19 closed out — a net gain of 17 holders — while 81 added to existing stakes and 90 trimmed.
The largest buyer was Zimmer Partners, opening a new position worth an estimated $390M. The largest seller was Two Sigma Investments, cutting an estimated $61.4M.
- 235 institutional investors held Fortis (FTS) as of Q1 2017, up from 221 in Q4 2016.
- Funds reported $7.14B of Fortis stock for Q1 2017, up 19% quarter-over-quarter.
- 36 funds opened new Fortis positions in Q1 2017 and 19 closed out, a net change of +17 holders.
- The largest Fortis buyer in Q1 2017 was Zimmer Partners, an estimated $390M added.
- The largest Fortis seller in Q1 2017 was Two Sigma Investments, an estimated $61.4M sold.
Based on aggregated 13F filings for Q1 2017.