FirstService
315 hedge funds and large institutions have $5.05B invested in FirstService in 2025 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 126 increasing their positions, 106 reducing their positions, and 24 closing their positions.
42% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 24
19% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 106
2% more funds holding
Funds holding: 310 → 315 (+5)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.84% less ownership
Funds ownership: 67.64% → 66.8% (-0.84%)
9% less capital invested
Capital invested by funds: $5.53B → $5.05B (-$481M)
91% less call options, than puts
Call options by funds: $17K | Put options by funds: $199K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$63.3M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$41.5M |
| 3 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$39.3M |
| 4 |
Morgan Stanley
New York
|
+$37.3M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$32.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$93.8M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$73.2M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$65.7M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
-$40.6M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$29.6M |
FSV Hedge Fund Activity: Q1 2025 in Review
315 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2025, worth a combined $5.05B — down 8.7% from $5.53B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new FSV positions and 24 closed out — a net gain of 10 holders — while 126 added to existing stakes and 106 trimmed.
The largest buyer was Janus Henderson Group, adding an estimated $63.3M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $93.8M.
- 315 institutional investors held FirstService (FSV) as of Q1 2025, up from 310 in Q4 2024.
- Funds reported $5.05B of FirstService stock for Q1 2025, down 8.7% quarter-over-quarter.
- 34 funds opened new FirstService positions in Q1 2025 and 24 closed out, a net change of +10 holders.
- The largest FirstService buyer in Q1 2025 was Janus Henderson Group, an estimated $63.3M added.
- The largest FirstService seller in Q1 2025 was Manulife (Manufacturers Life Insurance), an estimated $93.8M sold.
Based on aggregated 13F filings for Q1 2025.