Fortis
227 hedge funds and large institutions have $8.08B invested in Fortis in 2017 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 98 increasing their positions, 70 reducing their positions, and 23 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 70
1% less capital invested
Capital invested by funds: $8.12B → $8.08B (-$46.3M)
1.3% less ownership
Funds ownership: 54.88% → 53.57% (-1.3%)
3% less funds holding
Funds holding: 233 → 227 (-6)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
22% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 23
59% less call options, than puts
Call options by funds: $6.86M | Put options by funds: $16.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
+$39.9M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$34.4M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$31.6M |
| 4 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$25.4M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$14.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$125M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$42.7M |
| 3 |
Jennison Associates
New York
|
-$39.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$37.5M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$33M |
FTS Hedge Fund Activity: Q3 2017 in Review
227 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q3 2017, worth a combined $8.08B — down 0.57% from $8.12B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of FTS and 18 opened new positions — a net loss of 5 holders — while 70 trimmed existing stakes and 98 added.
The largest buyer was Duff & Phelps Investment Management, opening a new position worth an estimated $39.9M. The largest seller was Royal Bank of Canada, cutting an estimated $125M.
- 227 institutional investors held Fortis (FTS) as of Q3 2017, down from 233 in Q2 2017.
- Funds reported $8.08B of Fortis stock for Q3 2017, down 0.57% quarter-over-quarter.
- 18 funds opened new Fortis positions in Q3 2017 and 23 closed out, a net change of -5 holders.
- The largest Fortis buyer in Q3 2017 was Duff & Phelps Investment Management, an estimated $39.9M added.
- The largest Fortis seller in Q3 2017 was Royal Bank of Canada, an estimated $125M sold.
Based on aggregated 13F filings for Q3 2017.