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FirstService
FSV

264 hedge funds and large institutions have $5.07B invested in FirstService in 2023 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 103 increasing their positions, 85 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

215% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 13

21% more repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 85

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

11% more funds holding

Funds holding: 237 → 264 (+27)

11% more capital invested

Capital invested by funds: $4.57B → $5.07B (+$509M)

0.16% more ownership

Funds ownership: 69.98% → 70.15% (+0.16%)

95% less call options, than puts

Call options by funds: $227K | Put options by funds: $4.58M

Holders
264
Holders Change
+27
Holders Change %
+11.39%
% of All Funds
3.85%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.12%
New
41
Increased
103
Reduced
85
Closed
13
Calls
$227K
Puts
$4.58M
Net Calls
-$4.36M
Net Calls Change
-$4.73M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$72.5M
2
Goldman Sachs
Goldman Sachs
New York
+$36.3M
3
ClearBridge Investments
ClearBridge Investments
New York
+$35.7M
4
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$22.9M
5
Millennium Management
Millennium Management
New York
+$13.2M

Top Sellers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$51.3M
2
Franklin Resources
Franklin Resources
California
-$37.2M
3
DCP
Durable Capital Partners
Maryland
-$23.1M
4
FAM
Fred Alger Management
New York
-$21.2M
5
UCFA
United Capital Financial Advisors
Texas
-$13.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
BLC
251
Brown, Lisle/Cummings
Rhode Island
$8.11K – – –
AF
252
Allworth Financial
California
$6.81K -$1.06K -7 -14%
VAG
253
VisionPoint Advisory Group
Texas
$6.81K +$6.35K +42 New
PP
254
Pacifica Partners
Canada
$6.39K – – –
Northwestern Mutual Wealth Management
255
Northwestern Mutual Wealth Management
Wisconsin
$5.67K +$5.29K +35 New
TCWA
256
Turtle Creek Wealth Advisors
Texas
$3.08K +$2.87K +19 New
BTI
257
Blue Trust Inc
Georgia
$3K +$2.72K +18 New
IA
258
IFP Advisors
Florida
$2.58K – – –
JWA
259
JFS Wealth Advisors
Pennsylvania
$2.27K – – –
LC
260
Lindbrook Capital
California
$2.27K +$1.21K +8 +133%
BIA
261
Bell Investment Advisors
California
$1.78K +$907 +6 +120%
LFG
262
Larson Financial Group
Missouri
$1.14K – – –
PS
263
Principal Securities
Iowa
$486 +$454 +3 New
TWD
264
True Wealth Design
Ohio
$163 – – –
State of Wisconsin Investment Board
265
State of Wisconsin Investment Board
Wisconsin
– -$5.81M -39,792 Closed
NEI
266
Northwest & Ethical Investments
Ontario, Canada
– -$4.91M -33,752 Closed
AWAG
267
ARS Wealth Advisors Group
Florida
– -$3.18M -21,835 Closed
GCM
268
Genus Capital Management
British Columbia, Canada
– -$1.41M -9,300 Closed
BCM
269
Barometer Capital Management
Ontario, Canada
– -$1.07M -5,400 Closed
TI
270
Trexquant Investment
Connecticut
– -$279K -1,916 Closed
Walleye Capital
271
Walleye Capital
New York
– -$271K -1,863 Closed
Susquehanna International Group
272
Susquehanna International Group
Pennsylvania
– -$251K -1,659 Closed
CMF
273
Counterpoint Mutual Funds
California
– -$85K -584 Closed
ETC
274
Exchange Traded Concepts
Oklahoma
– -$57.1K -392 Closed
SOW
275
State of Wyoming
Wyoming
– -$34.3K -236 Closed
8 9 10
11
12

FSV Hedge Fund Activity: Q4 2023 in Review

264 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2023, worth a combined $5.07B — up 11% from $4.57B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new FSV positions and 13 closed out — a net gain of 28 holders — while 103 added to existing stakes and 85 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $72.5M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $51.3M.

  • 264 institutional investors held FirstService (FSV) as of Q4 2023, up from 237 in Q3 2023.
  • Funds reported $5.07B of FirstService stock for Q4 2023, up 11% quarter-over-quarter.
  • 41 funds opened new FirstService positions in Q4 2023 and 13 closed out, a net change of +28 holders.
  • The largest FirstService buyer in Q4 2023 was Morgan Stanley, an estimated $72.5M added.
  • The largest FirstService seller in Q4 2023 was T. Rowe Price Investment Management, an estimated $51.3M sold.

Based on aggregated 13F filings for Q4 2023.