Monitor for any future 13D conversion if Vanguard's intent changes, though the passive certification makes this unlikely. The increased stake signals continued conviction from a major index fund manager.
Price Chart
Executive Summary
Vanguard Capital Management LLC disclosed a 5.07% passive stake in Fortis Inc. via Schedule 13G, holding 25,935,688 common shares as of September 30, 2026. This is an amendment to a prior 13G filing, indicating an increased position from the earlier filing. The filing certifies passive intent with no plan to influence control.
Key Financial Metrics
Key Facts
- Vanguard Capital Management LLC filed Schedule 13G disclosing beneficial ownership of 25,935,688 shares of Fortis Inc. common stock.
- The stake represents 5.07% of shares outstanding.
- The filing is an amendment (13G/A) to a prior passive stake filing from April 2026.
- Vanguard certifies the shares were acquired and held in the ordinary course of business, not to influence control.
- The filing includes shares held by Vanguard funds and managed accounts where Vanguard Capital Management exercises dispositive power.
Financial Impact
Stake valued at approximately $1.49 billion based on market cap of $29.3B and 5.07% ownership.
Risk Factors
- No activist intent is indicated; passive filing limits potential for near-term catalyst.
- Stake increase is modest and consistent with index fund rebalancing, not active conviction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002100119-26-001607 |
| Document: 0002100119-26-001607-index.html | 0002100119-26-001607 |
| Document: 0002100119-26-001607.txt | 0002100119-26-001607 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G | $58.78 | awaiting T+20 | awaiting T+20 | $58.67 (−0.19%) |
Oct 26, 2026 6d ago | Press Release | $57.76 | awaiting T+20 | awaiting T+20 | $58.67 (+1.58%) |
Oct 5, 2026 27d ago | 6-K | $52.94 | awaiting T+20 | awaiting T+20 | $58.67 (+10.82%) |
Oct 5, 2026 27d ago | Press Release | $52.94 | awaiting T+20 | awaiting T+20 | $58.67 (+10.82%) |
Sep 21, 2026 5w ago | 6-K | $53.61 $54.90 | ▲ +2.41% | ▲ +3.31% | $58.67 (+9.44%) |
Sep 10, 2026 7w ago | 6-K | $54.48 $53.38 | ▼ −2.02% | ▼ −4.14% | $58.67 (+7.69%) |
Sep 9, 2026 7w ago | Press Release | $54.48 $53.38 | ▼ −2.02% | ▼ −4.14% | $58.67 (+7.69%) |
Jul 31, 2026 13w ago | 6-K | $57.00 $54.66 | ▼ −4.11% | ▼ −7.09% | $58.67 (+2.93%) |
Jul 31, 2026 13w ago | Press Release | $57.00 $54.66 | ▼ −4.11% | ▼ −7.09% | $58.67 (+2.93%) |
Jul 29, 2026 13w ago | Press Release | $57.47 $54.85 | ▼ −4.56% | ▼ −8.52% | $58.67 (+2.09%) |
US Market Status
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