Fortis
275 hedge funds and large institutions have $10.7B invested in Fortis in 2023 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 103 increasing their positions, 86 reducing their positions, and 36 closing their positions.
35% more call options, than puts
Call options by funds: $52.5M | Put options by funds: $38.8M
20% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 86
8% more capital invested
Capital invested by funds: $9.91B → $10.7B (+$824M)
0.91% more ownership
Funds ownership: 50.93% → 51.84% (+0.91%)
2% less funds holding
Funds holding: 280 → 275 (-5)
11% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 36
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$159M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$90.2M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$75.2M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$66M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$22.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$78M |
| 2 |
WHRC
W.H. Reaves & Co
Jersey City,
New Jersey
|
-$38.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$33.1M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$31.3M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$27.1M |
FTS Hedge Fund Activity: Q1 2023 in Review
275 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q1 2023, worth a combined $10.7B — up 8.3% from $9.91B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of FTS and 32 opened new positions — a net loss of 4 holders — while 86 trimmed existing stakes and 103 added.
The largest buyer was Canada Pension Plan Investment Board, adding an estimated $159M. The largest seller was Royal Bank of Canada, cutting an estimated $78M.
- 275 institutional investors held Fortis (FTS) as of Q1 2023, down from 280 in Q4 2022.
- Funds reported $10.7B of Fortis stock for Q1 2023, up 8.3% quarter-over-quarter.
- 32 funds opened new Fortis positions in Q1 2023 and 36 closed out, a net change of -4 holders.
- The largest Fortis buyer in Q1 2023 was Canada Pension Plan Investment Board, an estimated $159M added.
- The largest Fortis seller in Q1 2023 was Royal Bank of Canada, an estimated $78M sold.
Based on aggregated 13F filings for Q1 2023.