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FirstService

170 hedge funds and large institutions have $4.12B invested in FirstService in 2020 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 57 increasing their positions, 65 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 12

13% more funds holding

Funds holding: 151170 (+19)

1% less capital invested

Capital invested by funds: $4.17B → $4.12B (-$44.2M)

2.78% less ownership

Funds ownership: 70.94%68.16% (-2.8%)

12% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 65

33% less funds holding in top 10

Funds holding in top 10: 96 (-3)

Holders
170
Holders Change
+19
Holders Change %
+12.58%
% of All Funds
3.01%
Holding in Top 10
6
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
32
Increased
57
Reduced
65
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
VBA
26
Van Berkom & Associates
Quebec, Canada
$28.3M -$1.8M -13,350 -6%
BGC
27
Beutel, Goodman & Co
Ontario, Canada
$28.2M -$11.6M -86,030 -29%
Bank of America
28
Bank of America
North Carolina
$28M +$4.43M +32,926 +19%
Capital World Investors
29
Capital World Investors
California
$27.4M
BFM
30
Boston Financial Management
Massachusetts
$26.8M -$509K -3,781 -2%
Connor, Clark & Lunn Investment Management (CC&L)
31
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$24.3M +$956K +7,100 +4%
LCM
32
Lionstone Capital Management
New York
$23.8M -$3.01M -22,375 -11%
Invesco
33
Invesco
Georgia
$21.8M -$6.07M -45,073 -22%
D.E. Shaw & Co
34
D.E. Shaw & Co
New York
$21.7M +$16.3M +121,211 +327%
Swiss National Bank
35
Swiss National Bank
Switzerland
$21.5M +$9.76M +72,500 +86%
RA
36
Royce & Associates
New York
$19.6M -$10.2M -75,746 -35%
AIMCA
37
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$17.8M +$13.5K +100 +0.1%
MBI
38
Montrusco Bolton Investments
Quebec, Canada
$17.8M -$8.5M -63,116 -33%
Dimensional Fund Advisors
39
Dimensional Fund Advisors
Texas
$17.7M +$102K +755 +0.6%
UBS AM
40
UBS AM
Illinois
$17.7M +$11.8M +87,956 +213%
OCAM
41
Onex Canada Asset Management
Ontario, Canada
$16.8M -$22.1M -164,421 -57%
Mackenzie Financial
42
Mackenzie Financial
Ontario, Canada
$16.4M -$210M -1,557,346 -93%
Sumitomo Mitsui Trust Group
43
Sumitomo Mitsui Trust Group
Japan
$15.5M +$15.3M +113,700 New
PM
44
Pembroke Management
Quebec, Canada
$15.4M -$2.31M -17,168 -16%
Legal & General Group
45
Legal & General Group
United Kingdom
$15M +$12.4M +92,131 +515%
Thrivent Financial for Lutherans
46
Thrivent Financial for Lutherans
Minnesota
$14.9M +$178K +1,320 +1%
JSA
47
Jacobson & Schmitt Advisors
Wisconsin
$14.7M -$192K -1,426 -1%
Public Sector Pension Investment Board (PSP Investments)
48
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$14.2M -$195K -1,447 -1%
Canada Life
49
Canada Life
Manitoba, Canada
$14.1M -$4.52M -33,574 -25%
Geode Capital Management
50
Geode Capital Management
Massachusetts
$14M +$8.07M +59,918 +139%

FSV Hedge Fund Activity: Q4 2020 in Review

170 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2020, worth a combined $4.12B — down 1.1% from $4.17B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new FSV positions and 12 closed out — a net gain of 20 holders — while 57 added to existing stakes and 65 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $69.4M. The largest seller was Mackenzie Financial, cutting an estimated $210M.

  • 170 institutional investors held FirstService (FSV) as of Q4 2020, up from 151 in Q3 2020.
  • Funds reported $4.12B of FirstService stock for Q4 2020, down 1.1% quarter-over-quarter.
  • 32 funds opened new FirstService positions in Q4 2020 and 12 closed out, a net change of +20 holders.
  • The largest FirstService buyer in Q4 2020 was Manulife (Manufacturers Life Insurance), an estimated $69.4M added.
  • The largest FirstService seller in Q4 2020 was Mackenzie Financial, an estimated $210M sold.

Based on aggregated 13F filings for Q4 2020.