Fortis
267 hedge funds and large institutions have $10.9B invested in Fortis in 2023 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 106 increasing their positions, 83 reducing their positions, and 26 closing their positions.
61% more call options, than puts
Call options by funds: $62.4M | Put options by funds: $38.7M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
28% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 83
2% more capital invested
Capital invested by funds: $10.7B → $10.9B (+$173M)
0.17% less ownership
Funds ownership: 51.84% → 51.67% (-0.17%)
3% less funds holding
Funds holding: 275 → 267 (-8)
27% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$69.3M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$66.6M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$64M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$63.9M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$58.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$368M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$96.3M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$24.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$17.3M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$14.8M |
FTS Hedge Fund Activity: Q2 2023 in Review
267 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q2 2023, worth a combined $10.9B — up 1.6% from $10.7B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of FTS and 19 opened new positions — a net loss of 7 holders — while 83 trimmed existing stakes and 106 added.
The largest buyer was Bank of Nova Scotia, adding an estimated $69.3M. The largest seller was GQG Partners, cutting an estimated $368M.
- 267 institutional investors held Fortis (FTS) as of Q2 2023, down from 275 in Q1 2023.
- Funds reported $10.9B of Fortis stock for Q2 2023, up 1.6% quarter-over-quarter.
- 19 funds opened new Fortis positions in Q2 2023 and 26 closed out, a net change of -7 holders.
- The largest Fortis buyer in Q2 2023 was Bank of Nova Scotia, an estimated $69.3M added.
- The largest Fortis seller in Q2 2023 was GQG Partners, an estimated $368M sold.
Based on aggregated 13F filings for Q2 2023.