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313 hedge funds and large institutions have $13.5B invested in Fortis in 2025 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 132 increasing their positions, 95 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 95

22% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 32

4% more capital invested

Capital invested by funds: $12.9B → $13.5B (+$578M)

0.77% more ownership

Funds ownership: 50.48%51.24% (+0.77%)

0% more funds holding

Funds holding: 312313 (+1)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

36% less call options, than puts

Call options by funds: $69M | Put options by funds: $108M

Holders
313
Holders Change
+1
Holders Change %
+0.32%
% of All Funds
3.81%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.02%
New
39
Increased
132
Reduced
95
Closed
32
Calls
$69M
Puts
$108M
Net Calls
-$39M
Net Calls Change
-$12.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.83B -$117M -2,281,417 -6%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$1.27B +$71.2M +1,389,955 +6%
Vanguard Group
3
Vanguard Group
Pennsylvania
$1.25B +$27.5M +536,118 +2%
Fidelity International
4
Fidelity International
Bermuda
$1.03B +$85.4M +1,666,481 +9%
TD Asset Management
5
TD Asset Management
Ontario, Canada
$704M -$425K -8,283 -0.1%
SC
6
Scotia Capital
Ontario, Canada
$487M +$10.7M +209,315 +2%
CIBC World Market
7
CIBC World Market
Ontario, Canada
$445M +$34.7M +677,226 +9%
1832 Asset Management
8
1832 Asset Management
Ontario, Canada
$437M -$2.98M -58,223 -0.7%
National Bank of Canada
9
National Bank of Canada
Quebec, Canada
$381M +$17.4M +340,296 +5%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$357M +$19.1M +372,377 +6%
Norges Bank
11
Norges Bank
Norway
$336M +$331M +6,462,155 New
Legal & General Group
12
Legal & General Group
United Kingdom
$310M +$4.66M +90,856 +2%
TWC
13
TD Waterhouse Canada
Ontario, Canada
$267M +$10.5M +204,151 +4%
Goldman Sachs
14
Goldman Sachs
New York
$253M -$15.2M -297,467 -6%
Bank of Nova Scotia
15
Bank of Nova Scotia
Ontario, Canada
$229M -$32.3M -630,203 -13%
BGC
16
Beutel, Goodman & Co
Ontario, Canada
$225M -$128M -2,501,908 -37%
Connor, Clark & Lunn Investment Management (CC&L)
17
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$220M +$27.3M +532,898 +14%
Toronto Dominion Bank
18
Toronto Dominion Bank
Ontario, Canada
$198M -$81M -1,580,344 -29%
Morgan Stanley
19
Morgan Stanley
New York
$184M +$8.35M +162,971 +5%
Mackenzie Financial
20
Mackenzie Financial
Ontario, Canada
$174M +$7.46M +145,480 +5%
Manulife (Manufacturers Life Insurance)
21
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$163M +$22.1M +432,132 +16%
CIBC Asset Management
22
CIBC Asset Management
Ontario, Canada
$138M -$12.2M -237,298 -8%
JP Morgan Chase
23
JP Morgan Chase
New York
$128M -$2.76M -53,806 -2%
Canada Pension Plan Investment Board
24
Canada Pension Plan Investment Board
Ontario, Canada
$127M -$12.5M -244,313 -9%
Bank of America
25
Bank of America
North Carolina
$123M -$7.04M -137,337 -5%

FTS Hedge Fund Activity: Q4 2025 in Review

313 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Fortis (FTS) for Q4 2025, worth a combined $13.5B — up 4.5% from $12.9B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new FTS positions and 32 closed out — a net gain of 7 holders — while 132 added to existing stakes and 95 trimmed.

The largest buyer was Fidelity International, adding an estimated $85.4M. The largest seller was Beutel, Goodman & Co, cutting an estimated $128M.

  • 313 institutional investors held Fortis (FTS) as of Q4 2025, up from 312 in Q3 2025.
  • Funds reported $13.5B of Fortis stock for Q4 2025, up 4.5% quarter-over-quarter.
  • 39 funds opened new Fortis positions in Q4 2025 and 32 closed out, a net change of +7 holders.
  • The largest Fortis buyer in Q4 2025 was Fidelity International, an estimated $85.4M added.
  • The largest Fortis seller in Q4 2025 was Beutel, Goodman & Co, an estimated $128M sold.

Based on aggregated 13F filings for Q4 2025.