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FirstService

196 hedge funds and large institutions have $4.35B invested in FirstService in 2022 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 87 increasing their positions, 60 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 60

0.85% less ownership

Funds ownership: 69.02%68.17% (-0.85%)

5% less funds holding

Funds holding: 206196 (-10)

20% less capital invested

Capital invested by funds: $5.45B → $4.35B (-$1.11B)

29% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 28

50% less funds holding in top 10

Funds holding in top 10: 63 (-3)

89% less call options, than puts

Call options by funds: $652K | Put options by funds: $5.94M

Holders
196
Holders Change
-10
Holders Change %
-4.85%
% of All Funds
3.09%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
20
Increased
87
Reduced
60
Closed
28
Calls
$652K
Puts
$5.94M
Net Calls
-$5.29M
Net Calls Change
-$4.95M
Name Holding Trade Value Shares
Change
Change in
Stake
Mackenzie Financial
26
Mackenzie Financial
Ontario, Canada
$26.6M -$3.2M -21,041 -10%
Morgan Stanley
27
Morgan Stanley
New York
$25.4M +$685K +4,502 +3%
Swiss National Bank
28
Swiss National Bank
Switzerland
$25.4M +$3.07M +20,200 +13%
LCM
29
Lionstone Capital Management
New York
$23.6M
Legal & General Group
30
Legal & General Group
United Kingdom
$23.5M +$4.09M +26,853 +20%
Connor, Clark & Lunn Investment Management (CC&L)
31
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$21.7M -$3.94M -25,900 -15%
RA
32
Royce & Associates
New York
$21.6M -$1.39M -9,105 -6%
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
$21.4M +$6.71M +44,100 +43%
Janus Henderson Group
34
Janus Henderson Group
United Kingdom
$21.2M -$2.58M -16,985 -10%
WCA
35
Waratah Capital Advisors
Ontario, Canada
$20.6M +$11.6M +76,384 +115%
Geode Capital Management
36
Geode Capital Management
Massachusetts
$20.5M +$311K +2,045 +1%
Dimensional Fund Advisors
37
Dimensional Fund Advisors
Texas
$20.2M +$500K +3,286 +2%
QC
38
Quadrature Capital
United Kingdom
$19.7M +$13.4M +88,200 +185%
AC
39
AltraVue Capital
Washington
$19.5M
JP Morgan Chase
40
JP Morgan Chase
New York
$19M -$454K -2,984 -2%
AIMCA
41
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$17.5M -$6.87M -45,131 -27%
Invesco
42
Invesco
Georgia
$16.3M +$2.33M +15,331 +16%
VBA
43
Van Berkom & Associates
Quebec, Canada
$14.7M -$63.1K -415 -0.4%
Sumitomo Mitsui Trust Group
44
Sumitomo Mitsui Trust Group
Japan
$13.8M +$425K +2,792 +3%
MBI
45
Montrusco Bolton Investments
Quebec, Canada
$13.6M +$401K +2,633 +3%
EAM
46
Eagle Asset Management
Florida
$13.5M +$6.8M +44,713 +93%
Comerica Bank
47
Comerica Bank
Texas
$13.2M +$546K +3,590 +4%
RJA
48
Raymond James & Associates
Florida
$12.9M +$4.2M +27,576 +45%
BCIM
49
British Columbia Investment Management
British Columbia, Canada
$12.9M -$695K -4,567 -5%
JSA
50
Jacobson & Schmitt Advisors
Wisconsin
$12.4M +$584K +3,841 +5%

FSV Hedge Fund Activity: Q1 2022 in Review

196 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2022, worth a combined $4.35B — down 20% from $5.45B a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of FSV and 20 opened new positions — a net loss of 8 holders — while 60 trimmed existing stakes and 87 added.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $134M. The largest seller was T. Rowe Price Associates, cutting an estimated $89.4M.

  • 196 institutional investors held FirstService (FSV) as of Q1 2022, down from 206 in Q4 2021.
  • Funds reported $4.35B of FirstService stock for Q1 2022, down 20% quarter-over-quarter.
  • 20 funds opened new FirstService positions in Q1 2022 and 28 closed out, a net change of -8 holders.
  • The largest FirstService buyer in Q1 2022 was Manulife (Manufacturers Life Insurance), an estimated $134M added.
  • The largest FirstService seller in Q1 2022 was T. Rowe Price Associates, an estimated $89.4M sold.

Based on aggregated 13F filings for Q1 2022.