Fortis
273 hedge funds and large institutions have $9.94B invested in Fortis in 2019 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 99 increasing their positions, 88 reducing their positions, and 25 closing their positions.
48% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 25
42% more call options, than puts
Call options by funds: $25.9M | Put options by funds: $18.3M
13% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 88
8% more capital invested
Capital invested by funds: $9.23B → $9.94B (+$714M)
4% more funds holding
Funds holding: 262 → 273 (+11)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.4% less ownership
Funds ownership: 53.91% → 53.51% (-0.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$86.9M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$62.3M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$45.6M |
| 4 |
Renaissance Technologies
New York
|
+$35.6M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$31.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$115M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$42M |
| 3 |
Morgan Stanley
New York
|
-$41.9M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$41.3M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$37.6M |
FTS Hedge Fund Activity: Q3 2019 in Review
273 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q3 2019, worth a combined $9.94B — up 7.7% from $9.23B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FTS positions and 25 closed out — a net gain of 12 holders — while 99 added to existing stakes and 88 trimmed.
The largest buyer was Bank of Nova Scotia, adding an estimated $86.9M. The largest seller was Royal Bank of Canada, cutting an estimated $115M.
- 273 institutional investors held Fortis (FTS) as of Q3 2019, up from 262 in Q2 2019.
- Funds reported $9.94B of Fortis stock for Q3 2019, up 7.7% quarter-over-quarter.
- 37 funds opened new Fortis positions in Q3 2019 and 25 closed out, a net change of +12 holders.
- The largest Fortis buyer in Q3 2019 was Bank of Nova Scotia, an estimated $86.9M added.
- The largest Fortis seller in Q3 2019 was Royal Bank of Canada, an estimated $115M sold.
Based on aggregated 13F filings for Q3 2019.