Fortis
257 hedge funds and large institutions have $8.96B invested in Fortis in 2020 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 99 increasing their positions, 94 reducing their positions, and 32 closing their positions.
70% more call options, than puts
Call options by funds: $19M | Put options by funds: $11.2M
5% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 94
4% less capital invested
Capital invested by funds: $9.29B → $8.96B (-$329M)
1.58% less ownership
Funds ownership: 52.24% → 50.67% (-1.6%)
3% less funds holding
Funds holding: 266 → 257 (-9)
25% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 32
88% less funds holding in top 10
Funds holding in top 10: 8 → 1 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$106M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$56.7M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$54M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$33.4M |
| 5 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$25.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$214M |
| 2 |
National Pension Service
Jeonju-Si, Jeollabuk-Do,
South Korea
|
-$48.3M |
| 3 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$38.3M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$35.5M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$32.2M |
FTS Hedge Fund Activity: Q2 2020 in Review
257 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q2 2020, worth a combined $8.96B — down 3.5% from $9.29B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of FTS and 24 opened new positions — a net loss of 8 holders — while 94 trimmed existing stakes and 99 added.
The largest buyer was Toronto Dominion Bank, adding an estimated $106M. The largest seller was Credit Suisse, cutting an estimated $214M.
- 257 institutional investors held Fortis (FTS) as of Q2 2020, down from 266 in Q1 2020.
- Funds reported $8.96B of Fortis stock for Q2 2020, down 3.5% quarter-over-quarter.
- 24 funds opened new Fortis positions in Q2 2020 and 32 closed out, a net change of -8 holders.
- The largest Fortis buyer in Q2 2020 was Toronto Dominion Bank, an estimated $106M added.
- The largest Fortis seller in Q2 2020 was Credit Suisse, an estimated $214M sold.
Based on aggregated 13F filings for Q2 2020.