Fortis
275 hedge funds and large institutions have $10.1B invested in Fortis in 2024 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 118 increasing their positions, 88 reducing their positions, and 33 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
34% more repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 88
0.39% more ownership
Funds ownership: 51.83% → 52.22% (+0.39%)
0% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 33
1% less capital invested
Capital invested by funds: $10.2B → $10.1B (-$140M)
5% less call options, than puts
Call options by funds: $45.3M | Put options by funds: $47.6M
2% less funds holding
Funds holding: 281 → 275 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$176M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$59M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$50.4M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$37.3M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$32.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$103M |
| 2 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
-$96.4M |
| 3 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
-$45.4M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$42.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$33.4M |
FTS Hedge Fund Activity: Q2 2024 in Review
275 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q2 2024, worth a combined $10.1B — down 1.4% from $10.2B a quarter earlier.
Fund positioning in FTS was balanced in Q2 2024: 33 funds opened new positions, 33 closed out, 118 added to existing stakes and 88 trimmed.
The largest buyer was Fidelity International, adding an estimated $176M. The largest seller was Bank of Montreal, cutting an estimated $103M.
- 275 institutional investors held Fortis (FTS) as of Q2 2024, down from 281 in Q1 2024.
- Funds reported $10.1B of Fortis stock for Q2 2024, down 1.4% quarter-over-quarter.
- 33 funds opened new Fortis positions in Q2 2024 and 33 closed out, a net change of 0 holders.
- The largest Fortis buyer in Q2 2024 was Fidelity International, an estimated $176M added.
- The largest Fortis seller in Q2 2024 was Bank of Montreal, an estimated $103M sold.
Based on aggregated 13F filings for Q2 2024.