Fortis
265 hedge funds and large institutions have $9.57B invested in Fortis in 2023 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 101 increasing their positions, 92 reducing their positions, and 17 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 92
3% more call options, than puts
Call options by funds: $62.4M | Put options by funds: $60.5M
1% less funds holding
Funds holding: 267 → 265 (-2)
0.86% less ownership
Funds ownership: 51.67% → 50.81% (-0.86%)
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
12% less capital invested
Capital invested by funds: $10.9B → $9.57B (-$1.34B)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$66.3M |
| 2 |
Goldman Sachs
New York
|
+$37.7M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$30.9M |
| 4 |
Amundi
Paris,
France
|
+$22.1M |
| 5 |
Two Sigma Advisers
New York
|
+$21.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$193M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$90M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$60.3M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$54.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$49.6M |
FTS Hedge Fund Activity: Q3 2023 in Review
265 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q3 2023, worth a combined $9.57B — down 12% from $10.9B a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FTS and 16 opened new positions — a net loss of 1 holder — while 92 trimmed existing stakes and 101 added.
The largest buyer was Royal Bank of Canada, adding an estimated $66.3M. The largest seller was GQG Partners, cutting an estimated $193M.
- 265 institutional investors held Fortis (FTS) as of Q3 2023, down from 267 in Q2 2023.
- Funds reported $9.57B of Fortis stock for Q3 2023, down 12% quarter-over-quarter.
- 16 funds opened new Fortis positions in Q3 2023 and 17 closed out, a net change of -1 holder.
- The largest Fortis buyer in Q3 2023 was Royal Bank of Canada, an estimated $66.3M added.
- The largest Fortis seller in Q3 2023 was GQG Partners, an estimated $193M sold.
Based on aggregated 13F filings for Q3 2023.