Fortis
244 hedge funds and large institutions have $7.39B invested in Fortis in 2018 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 84 increasing their positions, 93 reducing their positions, and 29 closing their positions.
72% more call options, than puts
Call options by funds: $10.3M | Put options by funds: $5.96M
3% more capital invested
Capital invested by funds: $7.2B → $7.39B (+$194M)
0.28% more ownership
Funds ownership: 52.74% → 53.02% (+0.28%)
10% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 93
3% less funds holding
Funds holding: 252 → 244 (-8)
17% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 29
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nordea Investment Management
Stockholm,
Sweden
|
+$70.3M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$53.7M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$32M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$31.8M |
| 5 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
+$31.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$121M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$51.5M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$30M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$21.8M |
| 5 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$15.5M |
FTS Hedge Fund Activity: Q3 2018 in Review
244 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q3 2018, worth a combined $7.39B — up 2.7% from $7.2B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of FTS and 24 opened new positions — a net loss of 5 holders — while 93 trimmed existing stakes and 84 added.
The largest buyer was Nordea Investment Management, opening a new position worth an estimated $70.3M. The largest seller was Mackenzie Financial, cutting an estimated $121M.
- 244 institutional investors held Fortis (FTS) as of Q3 2018, down from 252 in Q2 2018.
- Funds reported $7.39B of Fortis stock for Q3 2018, up 2.7% quarter-over-quarter.
- 24 funds opened new Fortis positions in Q3 2018 and 29 closed out, a net change of -5 holders.
- The largest Fortis buyer in Q3 2018 was Nordea Investment Management, an estimated $70.3M added.
- The largest Fortis seller in Q3 2018 was Mackenzie Financial, an estimated $121M sold.
Based on aggregated 13F filings for Q3 2018.