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FirstService
FSV

136 hedge funds and large institutions have $2.42B invested in FirstService in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 50 increasing their positions, 46 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

21% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 14

9% more capital invested

Capital invested by funds: $2.21B → $2.42B (+$209M)

2% more funds holding

Funds holding: 133 → 136 (+3)

9% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 46

8.25% less ownership

Funds ownership: 71.17% → 62.92% (-8.3%)

Holders
136
Holders Change
+3
Holders Change %
+2.26%
% of All Funds
2.95%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
17
Increased
50
Reduced
46
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$39.1M
2
Invesco
Invesco
Georgia
+$19.7M
3
CCA
Conestoga Capital Advisors
Pennsylvania
+$17.1M
4
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
+$14.2M
5
JP Morgan Chase
JP Morgan Chase
New York
+$10.8M

Top Sellers

1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$30.8M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$24.5M
3
TD Asset Management
TD Asset Management
Ontario, Canada
-$18.7M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$13M
5
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$11.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
NEI
26
Northwest & Ethical Investments
Ontario, Canada
$21.9M – – –
Invesco
27
Invesco
Georgia
$20.9M +$19.7M +217,718 New
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$18.8M -$30.8M -339,804 -63%
HIM
29
Hillsdale Investment Management
Ontario, Canada
$18.8M – – –
BFS
30
Baskin Financial Services
Ontario, Canada
$18.6M +$783K +8,657 +5%
MBI
31
Montrusco Bolton Investments
Quebec, Canada
$18.4M -$1.63M -17,967 -9%
LCM
32
Lionstone Capital Management
New York
$17.5M -$1.76M -19,500 -10%
Deutsche Bank
33
Deutsche Bank
Germany
$15.2M +$647K +7,149 +5%
PM
34
Pembroke Management
Quebec, Canada
$14.4M -$352K -3,892 -3%
Canada Life
35
Canada Life
Manitoba, Canada
$14.1M +$214K +2,360 +2%
AIMCA
36
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$13.2M +$2.27M +25,100 +31%
JP Morgan Chase
37
JP Morgan Chase
New York
$12.7M +$10.8M +119,839 +838%
Dimensional Fund Advisors
38
Dimensional Fund Advisors
Texas
$11.7M +$92K +1,016 +0.8%
PIC
39
PCJ Investment Counsel
Ontario, Canada
$10.6M +$6.89M +76,104 +228%
OSAM
40
O'Shaughnessy Asset Management
Connecticut
$9.76M -$389K -4,299 -4%
JSA
41
Jacobson & Schmitt Advisors
Wisconsin
$9.63M +$216K +2,389 +2%
BFM
42
Boston Financial Management
Massachusetts
$8.85M +$250K +2,765 +3%
Public Sector Pension Investment Board (PSP Investments)
43
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$7.9M +$172K +1,900 +2%
CP
44
Cumberland Partners
Ontario, Canada
$7.57M -$1.18M -13,000 -14%
RCMC
45
RK Capital Management (Colorado)
Colorado
$7.37M -$1.28M -14,155 -16%
APG Asset Management
46
APG Asset Management
Netherlands
$6.19M +$3.85M +42,500 +139%
EAM
47
Eagle Asset Management
Florida
$6.13M -$68.9K -761 -1%
Swiss National Bank
48
Swiss National Bank
Switzerland
$5.94M +$118K +1,300 +2%
Bank of America
49
Bank of America
North Carolina
$4.67M -$468K -5,170 -10%
Millennium Management
50
Millennium Management
New York
$4.28M +$1.62M +17,903 +67%
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FSV Hedge Fund Activity: Q2 2019 in Review

136 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2019, worth a combined $2.42B — up 9.4% from $2.21B a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FSV positions and 14 closed out — a net gain of 3 holders — while 50 added to existing stakes and 46 trimmed.

The largest buyer was Mackenzie Financial, opening a new position worth an estimated $39.1M. The largest seller was PNC Financial Services Group, cutting an estimated $30.8M.

  • 136 institutional investors held FirstService (FSV) as of Q2 2019, up from 133 in Q1 2019.
  • Funds reported $2.42B of FirstService stock for Q2 2019, up 9.4% quarter-over-quarter.
  • 17 funds opened new FirstService positions in Q2 2019 and 14 closed out, a net change of +3 holders.
  • The largest FirstService buyer in Q2 2019 was Mackenzie Financial, an estimated $39.1M added.
  • The largest FirstService seller in Q2 2019 was PNC Financial Services Group, an estimated $30.8M sold.

Based on aggregated 13F filings for Q2 2019.