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FirstService

139 hedge funds and large institutions have $2.59B invested in FirstService in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 64 increasing their positions, 43 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 43

6.84% more ownership

Funds ownership: 62.03%68.88% (+6.8%)

7% more capital invested

Capital invested by funds: $2.43B → $2.59B (+$159M)

6% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 18

2% less funds holding

Funds holding: 142139 (-3)

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

Holders
139
Holders Change
-3
Holders Change %
-2.11%
% of All Funds
2.74%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.08%
New
17
Increased
64
Reduced
43
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RA
26
Royce & Associates
New York
$21.4M -$934K -9,922 -4%
NEI
27
Northwest & Ethical Investments
Ontario, Canada
$21.1M -$94.2K -1,000 -0.4%
BFS
28
Baskin Financial Services
Ontario, Canada
$20.4M +$1.56M +16,585 +8%
Invesco
29
Invesco
Georgia
$19.6M -$535K -5,677 -3%
TD Asset Management
30
TD Asset Management
Ontario, Canada
$19.4M +$4.49M +47,706 +30%
CRCP
31
Copper Rock Capital Partners
Massachusetts
$19.2M +$19.4M +206,129 New
BFM
32
Boston Financial Management
Massachusetts
$18M +$9.23M +98,038 +102%
WCA
33
Waratah Capital Advisors
Ontario, Canada
$16.4M +$7.77M +82,530 +89%
Millennium Management
34
Millennium Management
New York
$15.3M +$14.1M +149,788 +987%
LCM
35
Lionstone Capital Management
New York
$14.6M
Canada Life
36
Canada Life
Manitoba, Canada
$13.7M +$305K +3,237 +2%
PM
37
Pembroke Management
Quebec, Canada
$13.3M -$73.4K -779 -0.7%
Bank of America
38
Bank of America
North Carolina
$11.7M +$5.99M +63,601 +102%
Dimensional Fund Advisors
39
Dimensional Fund Advisors
Texas
$11.2M -$304K -3,228 -3%
Westfield Capital Management
40
Westfield Capital Management
Massachusetts
$10.5M +$10.7M +113,195 New
JSA
41
Jacobson & Schmitt Advisors
Wisconsin
$10.1M +$670K +7,112 +7%
AIMCA
42
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$9.11M +$47.1K +500 +0.5%
Public Sector Pension Investment Board (PSP Investments)
43
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$8.47M -$84.7K -900 -1%
EAM
44
Eagle Asset Management
Florida
$8.01M +$2.19M +23,246 +37%
Swiss National Bank
45
Swiss National Bank
Switzerland
$6.65M +$113K +1,200 +2%
PIC
46
PCJ Investment Counsel
Ontario, Canada
$6.62M +$3.79M +40,290 +131%
CP
47
Cumberland Partners
Ontario, Canada
$6.53M -$56.5K -600 -0.8%
BCIM
48
British Columbia Investment Management
British Columbia, Canada
$6.21M +$2.2M +23,358 +54%
RCMC
49
RK Capital Management (Colorado)
Colorado
$5.75M -$758K -8,053 -12%
OCM
50
Osterweis Capital Management
California
$5.66M +$765K +8,125 +15%

FSV Hedge Fund Activity: Q4 2019 in Review

139 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2019, worth a combined $2.59B — up 6.6% from $2.43B a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FSV and 17 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 64 added.

The largest buyer was Mackenzie Financial, adding an estimated $147M. The largest seller was T. Rowe Price Associates, cutting an estimated $38M.

  • 139 institutional investors held FirstService (FSV) as of Q4 2019, down from 142 in Q3 2019.
  • Funds reported $2.59B of FirstService stock for Q4 2019, up 6.6% quarter-over-quarter.
  • 17 funds opened new FirstService positions in Q4 2019 and 18 closed out, a net change of -1 holder.
  • The largest FirstService buyer in Q4 2019 was Mackenzie Financial, an estimated $147M added.
  • The largest FirstService seller in Q4 2019 was T. Rowe Price Associates, an estimated $38M sold.

Based on aggregated 13F filings for Q4 2019.