Fortis
252 hedge funds and large institutions have $7.2B invested in Fortis in 2018 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 90 increasing their positions, 81 reducing their positions, and 23 closing their positions.
405% more call options, than puts
Call options by funds: $24.6M | Put options by funds: $4.87M
39% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 23
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
11% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 81
2% more funds holding
Funds holding: 246 → 252 (+6)
0.08% more ownership
Funds ownership: 52.66% → 52.74% (+0.08%)
5% less capital invested
Capital invested by funds: $7.59B → $7.2B (-$395M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$304M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$74.1M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$65.4M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$51.2M |
| 5 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
+$24.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$324M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$78.2M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$63.9M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$44.9M |
| 5 |
Jennison Associates
New York
|
-$30.4M |
FTS Hedge Fund Activity: Q2 2018 in Review
252 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q2 2018, worth a combined $7.2B — down 5.2% from $7.59B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new FTS positions and 23 closed out — a net gain of 9 holders — while 90 added to existing stakes and 81 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $304M. The largest seller was Fidelity Investments, cutting an estimated $324M.
- 252 institutional investors held Fortis (FTS) as of Q2 2018, up from 246 in Q1 2018.
- Funds reported $7.2B of Fortis stock for Q2 2018, down 5.2% quarter-over-quarter.
- 32 funds opened new Fortis positions in Q2 2018 and 23 closed out, a net change of +9 holders.
- The largest Fortis buyer in Q2 2018 was Fidelity International, an estimated $304M added.
- The largest Fortis seller in Q2 2018 was Fidelity Investments, an estimated $324M sold.
Based on aggregated 13F filings for Q2 2018.