FirstService
321 hedge funds and large institutions have $5.89B invested in FirstService in 2025 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 121 increasing their positions, 117 reducing their positions, and 33 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
10% more capital invested
Capital invested by funds: $5.38B → $5.89B (+$512M)
6% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 33
3% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 117
0.63% more ownership
Funds ownership: 67.63% → 68.26% (+0.63%)
0% less funds holding
Funds holding: 322 → 321 (-1)
17% less call options, than puts
Call options by funds: $362K | Put options by funds: $438K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$85.6M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$61.9M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$49M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$17.5M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$16.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$52.6M |
| 2 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$34.7M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$25.6M |
| 4 |
Millennium Management
New York
|
-$14.6M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$11.7M |
FSV Hedge Fund Activity: Q3 2025 in Review
321 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q3 2025, worth a combined $5.89B — up 9.5% from $5.38B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new FSV positions and 33 closed out — a net gain of 2 holders — while 121 added to existing stakes and 117 trimmed.
The largest buyer was Fidelity International, adding an estimated $85.6M. The largest seller was Neuberger Berman Group, cutting an estimated $52.6M.
- 321 institutional investors held FirstService (FSV) as of Q3 2025, down from 322 in Q2 2025.
- Funds reported $5.89B of FirstService stock for Q3 2025, up 9.5% quarter-over-quarter.
- 35 funds opened new FirstService positions in Q3 2025 and 33 closed out, a net change of +2 holders.
- The largest FirstService buyer in Q3 2025 was Fidelity International, an estimated $85.6M added.
- The largest FirstService seller in Q3 2025 was Neuberger Berman Group, an estimated $52.6M sold.
Based on aggregated 13F filings for Q3 2025.