FirstService
216 hedge funds and large institutions have $4.49B invested in FirstService in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 83 increasing their positions, 68 reducing their positions, and 11 closing their positions.
173% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 11
22% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 68
14% more capital invested
Capital invested by funds: $3.92B → $4.49B (+$569M)
9% more funds holding
Funds holding: 198 → 216 (+18)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.85% less ownership
Funds ownership: 72.41% → 71.56% (-0.85%)
46% less call options, than puts
Call options by funds: $1.32M | Put options by funds: $2.43M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$33.4M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$20M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$18.4M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$14.6M |
| 5 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
+$9.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$76.2M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$15.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$11.3M |
| 4 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$11.1M |
| 5 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$4.29K | -35 | Closed |
|
|
MWC
227
MBM Wealth Consultants
Chesterfield,
Missouri
| – | -$3K | -23 | Closed |
|
FSV Hedge Fund Activity: Q1 2023 in Review
216 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2023, worth a combined $4.49B — up 14% from $3.92B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new FSV positions and 11 closed out — a net gain of 19 holders — while 83 added to existing stakes and 68 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $33.4M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $76.2M.
- 216 institutional investors held FirstService (FSV) as of Q1 2023, up from 198 in Q4 2022.
- Funds reported $4.49B of FirstService stock for Q1 2023, up 14% quarter-over-quarter.
- 30 funds opened new FirstService positions in Q1 2023 and 11 closed out, a net change of +19 holders.
- The largest FirstService buyer in Q1 2023 was Fidelity International, an estimated $33.4M added.
- The largest FirstService seller in Q1 2023 was Manulife (Manufacturers Life Insurance), an estimated $76.2M sold.
Based on aggregated 13F filings for Q1 2023.