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FirstService
FSV

264 hedge funds and large institutions have $5.07B invested in FirstService in 2023 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 103 increasing their positions, 85 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

215% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 13

21% more repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 85

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

11% more funds holding

Funds holding: 237 → 264 (+27)

11% more capital invested

Capital invested by funds: $4.57B → $5.07B (+$509M)

0.16% more ownership

Funds ownership: 69.98% → 70.15% (+0.16%)

95% less call options, than puts

Call options by funds: $227K | Put options by funds: $4.58M

Holders
264
Holders Change
+27
Holders Change %
+11.39%
% of All Funds
3.85%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.12%
New
41
Increased
103
Reduced
85
Closed
13
Calls
$227K
Puts
$4.58M
Net Calls
-$4.36M
Net Calls Change
-$4.73M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$72.5M
2
Goldman Sachs
Goldman Sachs
New York
+$36.3M
3
ClearBridge Investments
ClearBridge Investments
New York
+$35.7M
4
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$22.9M
5
Millennium Management
Millennium Management
New York
+$13.2M

Top Sellers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$51.3M
2
Franklin Resources
Franklin Resources
California
-$37.2M
3
DCP
Durable Capital Partners
Maryland
-$23.1M
4
FAM
Fred Alger Management
New York
-$21.2M
5
UCFA
United Capital Financial Advisors
Texas
-$13.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
TD Asset Management
26
TD Asset Management
Ontario, Canada
$40.7M +$3.08M +20,397 +9%
BFS
27
Baskin Financial Services
Ontario, Canada
$39.7M -$441K -2,916 -1%
ClearBridge Investments
28
ClearBridge Investments
New York
$38.3M +$35.7M +236,401 New
LCM
29
Lionstone Capital Management
New York
$35M – – –
QC
30
Quadrature Capital
United Kingdom
$34.6M -$3.14M -20,800 -9%
Bank of America
31
Bank of America
North Carolina
$34.2M +$5.99M +39,619 +23%
Fiera Capital (Canada)
32
Fiera Capital (Canada)
Quebec, Canada
$33.3M -$1.16M -7,681 -4%
BFM
33
Boston Financial Management
Massachusetts
$32.8M -$41K -271 -0.1%
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$31.4M -$13M -85,683 -31%
Geode Capital Management
35
Geode Capital Management
Massachusetts
$30.4M +$1.29M +8,526 +5%
Legal & General Group
36
Legal & General Group
United Kingdom
$29.4M -$87.4K -578 -0.3%
TPM
37
Triasima Portfolio Management
Quebec, Canada
$28.4M -$448K -2,965 -2%
JP Morgan Chase
38
JP Morgan Chase
New York
$26.9M -$16.6K -110 -0.1%
Dimensional Fund Advisors
39
Dimensional Fund Advisors
Texas
$25.7M +$318K +2,106 +1%
OAG
40
Orbis Allan Gray
Bermuda
$23.9M +$3.32M +21,949 +17%
Swiss National Bank
41
Swiss National Bank
Switzerland
$21.2M -$590K -3,900 -3%
CW
42
Connectus Wealth
Ohio
$21.1M +$142K +939 +0.7%
AC
43
AltraVue Capital
Washington
$21M – – –
Massachusetts Financial Services
44
Massachusetts Financial Services
Massachusetts
$20.6M -$136K -898 -0.7%
RJA
45
Raymond James & Associates
Florida
$19.2M +$1.04M +6,895 +6%
UCFA
46
United Capital Financial Advisors
Texas
$19.1M -$13.7M -90,878 -44%
Janus Henderson Group
47
Janus Henderson Group
United Kingdom
$17.9M -$3.5M -23,168 -17%
EAM
48
Eagle Asset Management
Florida
$17.7M +$1.49M +9,840 +10%
Bessemer Group
49
Bessemer Group
New Jersey
$16.4M +$3.29M +21,752 +27%
WCA
50
Waratah Capital Advisors
Ontario, Canada
$16.2M -$661K -4,374 -4%
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FSV Hedge Fund Activity: Q4 2023 in Review

264 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2023, worth a combined $5.07B — up 11% from $4.57B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new FSV positions and 13 closed out — a net gain of 28 holders — while 103 added to existing stakes and 85 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $72.5M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $51.3M.

  • 264 institutional investors held FirstService (FSV) as of Q4 2023, up from 237 in Q3 2023.
  • Funds reported $5.07B of FirstService stock for Q4 2023, up 11% quarter-over-quarter.
  • 41 funds opened new FirstService positions in Q4 2023 and 13 closed out, a net change of +28 holders.
  • The largest FirstService buyer in Q4 2023 was Morgan Stanley, an estimated $72.5M added.
  • The largest FirstService seller in Q4 2023 was T. Rowe Price Investment Management, an estimated $51.3M sold.

Based on aggregated 13F filings for Q4 2023.