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286 hedge funds and large institutions have $10.7B invested in Fortis in 2022 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 108 increasing their positions, 93 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

73% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 22

16% more repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 93

4% more funds holding

Funds holding: 274286 (+12)

1.1% more ownership

Funds ownership: 50.07%51.16% (+1.1%)

10% less capital invested

Capital invested by funds: $11.8B → $10.7B (-$1.18B)

65% less call options, than puts

Call options by funds: $23.5M | Put options by funds: $68M

Holders
286
Holders Change
+12
Holders Change %
+4.38%
% of All Funds
4.82%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
38
Increased
108
Reduced
93
Closed
22
Calls
$23.5M
Puts
$68M
Net Calls
-$44.5M
Net Calls Change
-$17M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.5B -$17M -347,311 -1%
Fidelity International
2
Fidelity International
Bermuda
$862M +$77.3M +1,576,455 +9%
Vanguard Group
3
Vanguard Group
Pennsylvania
$813M +$27.6M +563,862 +3%
Toronto Dominion Bank
4
Toronto Dominion Bank
Ontario, Canada
$533M +$92M +1,877,025 +21%
TD Asset Management
5
TD Asset Management
Ontario, Canada
$514M +$2.54M +51,846 +0.5%
1832 Asset Management
6
1832 Asset Management
Ontario, Canada
$478M -$40.8M -831,909 -8%
GQG Partners
7
GQG Partners
Florida
$442M +$33.9M +690,422 +8%
Bank of Nova Scotia
8
Bank of Nova Scotia
Ontario, Canada
$413M +$119M +2,428,998 +39%
BGC
9
Beutel, Goodman & Co
Ontario, Canada
$383M -$8.11M -165,382 -2%
CIBC World Market
10
CIBC World Market
Ontario, Canada
$308M -$6.03M -123,052 -2%
SC
11
Scotia Capital
Ontario, Canada
$301M -$5M -102,015 -2%
Legal & General Group
12
Legal & General Group
United Kingdom
$288M -$25.5M -520,753 -8%
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$269M +$17M +345,784 +6%
Manulife (Manufacturers Life Insurance)
14
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$237M +$57.8M +1,177,923 +31%
CIBC Asset Management
15
CIBC Asset Management
Ontario, Canada
$211M +$18.7M +380,606 +9%
TWC
16
TD Waterhouse Canada
Ontario, Canada
$195M +$1.66M +33,802 +1%
Franklin Resources
17
Franklin Resources
California
$181M -$6.96M -142,034 -4%
Renaissance Technologies
18
Renaissance Technologies
New York
$170M -$3.86M -78,800 -2%
Norges Bank
19
Norges Bank
Norway
$138M -$14.6M -298,491 -9%
JP Morgan Chase
20
JP Morgan Chase
New York
$126M -$2.46M -50,186 -2%
Connor, Clark & Lunn Investment Management (CC&L)
21
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$117M +$1.12M +22,800 +0.9%
OAC
22
OMERS Administration Corp
Ontario, Canada
$115M +$24.7M +502,900 +26%
Public Sector Pension Investment Board (PSP Investments)
23
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$111M -$2.04M -41,559 -2%
Swiss National Bank
24
Swiss National Bank
Switzerland
$99.9M +$785K +16,000 +0.8%
National Bank of Canada
25
National Bank of Canada
Quebec, Canada
$96.8M -$9.13M -186,240 -8%

FTS Hedge Fund Activity: Q2 2022 in Review

286 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q2 2022, worth a combined $10.7B — down 10% from $11.8B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new FTS positions and 22 closed out — a net gain of 16 holders — while 108 added to existing stakes and 93 trimmed.

The largest buyer was Bank of Nova Scotia, adding an estimated $119M. The largest seller was Value Partners Investments, cutting an estimated $44M.

  • 286 institutional investors held Fortis (FTS) as of Q2 2022, up from 274 in Q1 2022.
  • Funds reported $10.7B of Fortis stock for Q2 2022, down 10% quarter-over-quarter.
  • 38 funds opened new Fortis positions in Q2 2022 and 22 closed out, a net change of +16 holders.
  • The largest Fortis buyer in Q2 2022 was Bank of Nova Scotia, an estimated $119M added.
  • The largest Fortis seller in Q2 2022 was Value Partners Investments, an estimated $44M sold.

Based on aggregated 13F filings for Q2 2022.