FirstService
236 hedge funds and large institutions have $4.86B invested in FirstService in 2023 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 96 increasing their positions, 63 reducing their positions, and 16 closing their positions.
144% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 16
52% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 63
9% more funds holding
Funds holding: 216 → 236 (+20)
8% more capital invested
Capital invested by funds: $4.49B → $4.86B (+$365M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.89% less ownership
Funds ownership: 71.56% → 70.67% (-0.89%)
11% less call options, than puts
Call options by funds: $786K | Put options by funds: $887K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$29.2M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$22.4M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
+$10.7M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$8.64M |
| 5 |
Millennium Management
New York
|
+$8.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$83.8M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$67.3M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$24.5M |
| 4 |
FAM
Fred Alger Management
New York
|
-$15M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$6.88M |
FSV Hedge Fund Activity: Q2 2023 in Review
236 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2023, worth a combined $4.86B — up 8.1% from $4.49B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new FSV positions and 16 closed out — a net gain of 23 holders — while 96 added to existing stakes and 63 trimmed.
The largest buyer was Fidelity International, adding an estimated $29.2M. The largest seller was Durable Capital Partners, cutting an estimated $83.8M.
- 236 institutional investors held FirstService (FSV) as of Q2 2023, up from 216 in Q1 2023.
- Funds reported $4.86B of FirstService stock for Q2 2023, up 8.1% quarter-over-quarter.
- 39 funds opened new FirstService positions in Q2 2023 and 16 closed out, a net change of +23 holders.
- The largest FirstService buyer in Q2 2023 was Fidelity International, an estimated $29.2M added.
- The largest FirstService seller in Q2 2023 was Durable Capital Partners, an estimated $83.8M sold.
Based on aggregated 13F filings for Q2 2023.