Fortis
258 hedge funds and large institutions have $9.42B invested in Fortis in 2020 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 101 increasing their positions, 77 reducing their positions, and 23 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
80% more call options, than puts
Call options by funds: $35M | Put options by funds: $19.5M
31% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 77
13% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 23
5% more capital invested
Capital invested by funds: $8.96B → $9.42B (+$451M)
0% more funds holding
Funds holding: 257 → 258 (+1)
1.58% less ownership
Funds ownership: 50.67% → 49.08% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$56.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$41.5M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$37.1M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$33.9M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$23.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$137M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$87.1M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$55M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$39.1M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$38.5M |
FTS Hedge Fund Activity: Q3 2020 in Review
258 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q3 2020, worth a combined $9.42B — up 5% from $8.96B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FTS positions and 23 closed out — a net gain of 3 holders — while 101 added to existing stakes and 77 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $56.1M. The largest seller was TD Asset Management, cutting an estimated $137M.
- 258 institutional investors held Fortis (FTS) as of Q3 2020, up from 257 in Q2 2020.
- Funds reported $9.42B of Fortis stock for Q3 2020, up 5% quarter-over-quarter.
- 26 funds opened new Fortis positions in Q3 2020 and 23 closed out, a net change of +3 holders.
- The largest Fortis buyer in Q3 2020 was Manulife (Manufacturers Life Insurance), an estimated $56.1M added.
- The largest Fortis seller in Q3 2020 was TD Asset Management, an estimated $137M sold.
Based on aggregated 13F filings for Q3 2020.