Fortis
263 hedge funds and large institutions have $7.83B invested in Fortis in 2018 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 86 increasing their positions, 92 reducing their positions, and 20 closing their positions.
105% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 20
66% more call options, than puts
Call options by funds: $34.9M | Put options by funds: $21M
8% more funds holding
Funds holding: 244 → 263 (+19)
6% more capital invested
Capital invested by funds: $7.39B → $7.83B (+$443M)
1.28% more ownership
Funds ownership: 53.02% → 54.3% (+1.3%)
7% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 92
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$154M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$152M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$60.2M |
| 4 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$42.1M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$37.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$131M |
| 2 |
Morgan Stanley
New York
|
-$54.1M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$30.3M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$27.4M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$25.5M |
FTS Hedge Fund Activity: Q4 2018 in Review
263 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q4 2018, worth a combined $7.83B — up 6% from $7.39B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new FTS positions and 20 closed out — a net gain of 21 holders — while 86 added to existing stakes and 92 trimmed.
The largest buyer was GQG Partners, opening a new position worth an estimated $154M. The largest seller was Bank of Montreal, cutting an estimated $131M.
- 263 institutional investors held Fortis (FTS) as of Q4 2018, up from 244 in Q3 2018.
- Funds reported $7.83B of Fortis stock for Q4 2018, up 6% quarter-over-quarter.
- 41 funds opened new Fortis positions in Q4 2018 and 20 closed out, a net change of +21 holders.
- The largest Fortis buyer in Q4 2018 was GQG Partners, an estimated $154M added.
- The largest Fortis seller in Q4 2018 was Bank of Montreal, an estimated $131M sold.
Based on aggregated 13F filings for Q4 2018.