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295 hedge funds and large institutions have $11.7B invested in Fortis in 2025 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 121 increasing their positions, 100 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

185% more call options, than puts

Call options by funds: $60.7M | Put options by funds: $21.3M

100% more funds holding in top 10

Funds holding in top 10: 24 (+2)

21% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 100

11% more capital invested

Capital invested by funds: $10.5B → $11.7B (+$1.18B)

3% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 31

0.5% more ownership

Funds ownership: 50.75%51.26% (+0.5%)

1% less funds holding

Funds holding: 297295 (-2)

Holders
295
Holders Change
-2
Holders Change %
-0.67%
% of All Funds
3.96%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
32
Increased
121
Reduced
100
Closed
31
Calls
$60.7M
Puts
$21.3M
Net Calls
+$39.4M
Net Calls Change
+$3.62M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.27B -$33.4M -767,050 -3%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$1.06B -$49.6M -1,139,842 -5%
Fidelity International
3
Fidelity International
Bermuda
$1.04B +$63.2M +1,452,073 +7%
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.01B +$23.6M +542,749 +2%
TD Asset Management
5
TD Asset Management
Ontario, Canada
$586M +$26.3M +604,615 +5%
SC
6
Scotia Capital
Ontario, Canada
$404M -$11.1M -254,394 -3%
1832 Asset Management
7
1832 Asset Management
Ontario, Canada
$399M -$3.96M -90,937 -1%
CIBC World Market
8
CIBC World Market
Ontario, Canada
$358M -$8.19M -188,383 -2%
BGC
9
Beutel, Goodman & Co
Ontario, Canada
$346M -$23.6M -542,050 -7%
National Bank of Canada
10
National Bank of Canada
Quebec, Canada
$311M +$41M +941,891 +16%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$275M -$4.08M -93,836 -2%
Bank of Nova Scotia
12
Bank of Nova Scotia
Ontario, Canada
$274M -$21M -483,555 -7%
Legal & General Group
13
Legal & General Group
United Kingdom
$268M +$681K +15,661 +0.3%
Connor, Clark & Lunn Investment Management (CC&L)
14
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$224M +$73.2M +1,683,377 +52%
Toronto Dominion Bank
15
Toronto Dominion Bank
Ontario, Canada
$218M -$20M -459,749 -9%
Norges Bank
16
Norges Bank
Norway
$213M +$12.1M +277,954 +6%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$212M +$13.4M +307,206 +7%
TWC
18
TD Waterhouse Canada
Ontario, Canada
$207M +$8.97M +206,195 +5%
Morgan Stanley
19
Morgan Stanley
New York
$174M +$82.9M +1,905,335 +99%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$172M +$4.73M +108,679 +3%
Goldman Sachs
21
Goldman Sachs
New York
$166M +$109M +2,503,531 +219%
Manulife (Manufacturers Life Insurance)
22
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$154M -$46.6M -1,070,856 -24%
Canada Pension Plan Investment Board
23
Canada Pension Plan Investment Board
Ontario, Canada
$120M +$1.92M +44,208 +2%
ClearBridge Investments
24
ClearBridge Investments
New York
$117M -$14.1M -323,595 -11%
JP Morgan Chase
25
JP Morgan Chase
New York
$114M +$4.1M +94,360 +4%

FTS Hedge Fund Activity: Q1 2025 in Review

295 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q1 2025, worth a combined $11.7B — up 11% from $10.5B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new FTS positions and 31 closed out — a net gain of 1 holder — while 121 added to existing stakes and 100 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $109M. The largest seller was Public Sector Pension Investment Board (PSP Investments), cutting an estimated $144M.

  • 295 institutional investors held Fortis (FTS) as of Q1 2025, down from 297 in Q4 2024.
  • Funds reported $11.7B of Fortis stock for Q1 2025, up 11% quarter-over-quarter.
  • 32 funds opened new Fortis positions in Q1 2025 and 31 closed out, a net change of +1 holder.
  • The largest Fortis buyer in Q1 2025 was Goldman Sachs, an estimated $109M added.
  • The largest Fortis seller in Q1 2025 was Public Sector Pension Investment Board (PSP Investments), an estimated $144M sold.

Based on aggregated 13F filings for Q1 2025.