| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| BANK OF MONTREAL /CAN/ | 4.9% | $1,190,198,793 | 24,379,328 | Bank of Montreal | 31 Dec 2024 |
As of 31 Dec 2025, 308 institutional investors reported holding 258,900,130 shares of Fortis Inc. - Common shares, without par value (FTS). This represents 52% of the company’s total 497,537,306 outstanding shares.
The largest institutional shareholders of Fortis Inc. - Common shares, without par value (FTS) together control 44% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| ROYAL BANK OF CANADA | 7.1% | 35,184,006 | -6.1% | 0.32% | $1,827,459,000 |
| BANK OF MONTREAL /CAN/ | 4.9% | 24,521,460 | +6% | 0.52% | $1,274,916,819 |
| VANGUARD GROUP INC | 4.8% | 24,129,958 | +2.3% | 0.02% | $1,254,540,646 |
| FIL Ltd | 4% | 19,898,613 | +9.1% | 0.77% | $1,034,545,206 |
| TD Asset Management Inc | 2.7% | 13,523,672 | -0.06% | 0.57% | $704,030,081 |
| SCOTIA CAPITAL INC. | 1.9% | 9,372,669 | +2.3% | 2% | $486,865,609 |
| CIBC WORLD MARKET INC. | 1.7% | 8,564,134 | +8.6% | 0.8% | $445,334,968 |
| 1832 Asset Management L.P. | 1.7% | 8,408,188 | -0.69% | 0.56% | $436,721,285 |
| NATIONAL BANK OF CANADA /FI/ | 1.5% | 7,340,045 | +4.9% | 0.39% | $380,972,802 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.3% | 6,593,417 | +6% | 0.02% | $357,381,070 |
| NORGES BANK | 1.3% | 6,462,155 | 0.04% | $335,979,591 | |
| Legal & General Group Plc | 1.2% | 5,954,579 | +1.5% | 0.07% | $309,965,972 |
| TD Waterhouse Canada Inc. | 1% | 5,138,553 | +4.1% | 1.7% | $266,942,237 |
| GOLDMAN SACHS GROUP INC | 0.98% | 4,871,309 | -5.8% | 0.04% | $253,015,782 |
| BANK OF NOVA SCOTIA | 0.89% | 4,405,195 | -13% | 0.34% | $229,024,335 |
| Beutel, Goodman & Co Ltd. | 0.87% | 4,319,468 | -37% | 1.4% | $224,867,000 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.85% | 4,240,412 | +14% | 0.58% | $220,461,442 |
| TORONTO DOMINION BANK | 0.76% | 3,806,142 | -29% | 0.35% | $197,893,973 |
| MORGAN STANLEY | 0.71% | 3,549,885 | +4.8% | 0.01% | $184,381,041 |
| MACKENZIE FINANCIAL CORP | 0.67% | 3,343,961 | +4.5% | 0.21% | $173,752,447 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 0.63% | 3,136,544 | +16% | 0.13% | $163,423,294 |
| CIBC Asset Management Inc | 0.53% | 2,655,787 | -8.2% | 0.33% | $138,443,130 |
| JPMORGAN CHASE & CO | 0.5% | 2,470,063 | -2.1% | 0.01% | $128,295,121 |
| CANADA PENSION PLAN INVESTMENT BOARD | 0.49% | 2,441,148 | -9.1% | 0.08% | $126,919,875 |
| BANK OF AMERICA CORP /DE/ | 0.48% | 2,370,940 | -5.5% | 0.01% | $123,146,615 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 258,900,130 | $13,478,580,218 | +$261,883,099 | $51.94 | 308 |
| 2025 Q3 | 254,152,963 | $12,904,275,949 | -$20,991,195 | $50.74 | 310 |
| 2025 Q2 | 254,432,290 | $12,163,098,036 | +$134,303,387 | $47.73 | 295 |
| 2025 Q1 | 250,956,318 | $11,456,662,990 | +$3,338,061 | $45.58 | 290 |
| 2024 Q4 | 251,582,261 | $10,454,715,444 | -$285,466,102 | $41.57 | 287 |
| 2024 Q3 | 258,331,560 | $11,742,632,731 | +$53,220,895 | $45.44 | 281 |
| 2024 Q2 | 257,225,578 | $10,030,634,673 | +$99,403,781 | $38.84 | 266 |
| 2024 Q1 | 249,464,885 | $9,865,522,699 | -$121,922,230 | $39.51 | 271 |
| 2023 Q4 | 252,818,995 | $10,410,266,554 | +$352,960,685 | $41.13 | 263 |
| 2023 Q3 | 243,938,005 | $9,361,324,768 | +$1,241,594 | $37.99 | 255 |
| 2023 Q2 | 243,448,461 | $10,493,457,081 | +$50,901,986 | $43.09 | 256 |
| 2023 Q1 | 242,771,265 | $10,320,812,235 | +$197,197,307 | $42.53 | 260 |
| 2022 Q4 | 238,006,093 | $9,532,802,781 | +$25,539,287 | $40.04 | 268 |
| 2022 Q3 | 237,443,702 | $9,096,510,625 | +$21,460,152 | $37.99 | 258 |
| 2022 Q2 | 236,660,285 | $11,189,920,500 | +$308,874,372 | $47.27 | 268 |
| 2022 Q1 | 231,435,094 | $11,445,521,806 | -$165,308,425 | $49.50 | 261 |
| 2021 Q4 | 234,973,140 | $11,358,827,990 | +$331,021,632 | $48.27 | 256 |
| 2021 Q3 | 223,710,421 | $9,918,928,247 | +$229,225,423 | $44.33 | 239 |
| 2021 Q2 | 218,631,464 | $9,708,596,272 | +$42,592,693 | $44.24 | 258 |
| 2021 Q1 | 215,520,885 | $9,361,538,327 | +$210,205,018 | $43.37 | 250 |
| 2020 Q4 | 213,666,285 | $8,706,031,153 | -$365,829,978 | $40.82 | 249 |
| 2020 Q3 | 224,698,823 | $9,190,586,721 | -$341,326,838 | $40.86 | 242 |
| 2020 Q2 | 234,037,423 | $8,901,650,355 | -$220,182,598 | $38.04 | 241 |
| 2020 Q1 | 239,376,128 | $9,152,026,398 | -$296,404,889 | $38.54 | 248 |
| 2019 Q4 | 247,615,661 | $10,277,660,939 | +$677,279,019 | $41.52 | 254 |
| 2019 Q3 | 229,758,235 | $9,720,696,421 | +$46,139,900 | $42.31 | 255 |
| 2019 Q2 | 227,646,162 | $8,983,394,443 | -$232,520 | $39.47 | 248 |
| 2019 Q1 | 225,875,282 | $8,352,221,627 | +$105,783,625 | $36.98 | 249 |
| 2018 Q4 | 223,729,592 | $7,460,621,091 | +$191,024,068 | $33.36 | 255 |
| 2018 Q3 | 216,293,058 | $7,012,774,780 | +$2,239,702 | $32.42 | 231 |
| 2018 Q2 | 216,533,662 | $6,913,876,639 | +$11,960,567 | $31.88 | 240 |
| 2018 Q1 | 215,832,038 | $7,286,536,579 | +$743,571 | $33.76 | 232 |
| 2017 Q4 | 215,678,178 | $7,912,499,593 | +$285,135,443 | $36.67 | 234 |
| 2017 Q3 | 215,266,124 | $7,692,778,675 | -$143,982,810 | $35.78 | 212 |
| 2017 Q2 | 218,241,280 | $7,666,527,509 | +$265,003,500 | $35.15 | 212 |
| 2017 Q1 | 211,966,850 | $7,022,209,829 | +$704,629,085 | $33.14 | 218 |
| 2016 Q4 | 190,978,631 | $5,876,029,469 | +$5,833,880,606 | $30.88 | 209 |
| 2016 Q3 | 139,096 | $4,467,000 | -$192,845 | $32.11 | 2 |
| 2016 Q2 | 144,790 | $4,878,000 | -$9,557,851 | $33.64 | 3 |
| 2016 Q1 | 428,957 | $14,278,000 | -$339,606 | $39.56 | 4 |
| 2015 Q4 | 439,320 | $11,841,000 | +$279,792 | $26.99 | 2 |
| 2015 Q3 | 428,946 | $12,214,000 | +$2,914,273 | $28.48 | 2 |
| 2015 Q2 | 326,582 | $9,728,000 | -$233,430 | $31.58 | 2 |
| 2015 Q1 | 333,595 | $10,159,000 | +$1,434,128 | $30.43 | 3 |
| 2014 Q4 | 286,515 | $10,062,303 | -$5,251,939 | $33.64 | 3 |
| 2014 Q3 | 462,193 | $14,761,480 | +$6,133,782 | $31.01 | 4 |
| 2014 Q2 | 264,185 | $8,287,174 | +$3,103,295 | $30.49 | 3 |
| 2014 Q1 | 162,389 | $4,804,880 | -$6,396,652 | $28.56 | 3 |