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FirstService

315 hedge funds and large institutions have $5.05B invested in FirstService in 2025 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 126 increasing their positions, 106 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 24

19% more repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 106

2% more funds holding

Funds holding: 310315 (+5)

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

0.84% less ownership

Funds ownership: 67.64%66.8% (-0.84%)

9% less capital invested

Capital invested by funds: $5.53B → $5.05B (-$481M)

91% less call options, than puts

Call options by funds: $17K | Put options by funds: $199K

Holders
315
Holders Change
+5
Holders Change %
+1.61%
% of All Funds
4.22%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.07%
New
34
Increased
126
Reduced
106
Closed
24
Calls
$17K
Puts
$199K
Net Calls
-$182K
Net Calls Change
-$182K
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$60.1M +$9.24M +52,735 +17%
GCM
27
Geneva Capital Management
Wisconsin
$60.1M +$21.8M +124,385 +52%
RA
28
Royce & Associates
New York
$58.6M -$7.99M -45,597 -11%
TD Asset Management
29
TD Asset Management
Ontario, Canada
$55.6M +$22.4M +127,846 +62%
Goldman Sachs
30
Goldman Sachs
New York
$52.9M +$24.7M +141,152 +80%
National Bank of Canada
31
National Bank of Canada
Quebec, Canada
$49.2M -$5.52M -31,490 -10%
Bank of America
32
Bank of America
North Carolina
$47.4M +$12.1M +69,132 +32%
JP Morgan Chase
33
JP Morgan Chase
New York
$44.9M +$5.61M +32,039 +13%
Fiera Capital (Canada)
34
Fiera Capital (Canada)
Quebec, Canada
$44.6M +$1.77M +10,087 +4%
BFS
35
Baskin Financial Services
Ontario, Canada
$41.8M +$278K +1,588 +0.6%
CAPTRUST Financial Advisors
36
CAPTRUST Financial Advisors
North Carolina
$39.8M +$41.5M +236,912 +8,707%
ClearBridge Investments
37
ClearBridge Investments
New York
$36.9M -$1.63M -9,323 -4%
LCM
38
Lionstone Capital Management
New York
$35.9M
Arrowstreet Capital
39
Arrowstreet Capital
Massachusetts
$34.9M +$6.66M +37,991 +22%
Raymond James Financial
40
Raymond James Financial
Florida
$31.4M -$13.8M -78,763 -29%
Brown Advisory
41
Brown Advisory
Maryland
$30.5M +$32.2M +183,930 New
Invesco
42
Invesco
Georgia
$29.6M +$625K +3,566 +2%
Focus Partners Wealth
43
Focus Partners Wealth
Massachusetts
$29.2M +$3.49M +19,895 +13%
Dimensional Fund Advisors
44
Dimensional Fund Advisors
Texas
$27.6M +$604K +3,445 +2%
Bessemer Group
45
Bessemer Group
New Jersey
$27.6M +$1.8M +10,244 +7%
Legal & General Group
46
Legal & General Group
United Kingdom
$27.4M +$873K +4,983 +3%
Bank of Nova Scotia
47
Bank of Nova Scotia
Ontario, Canada
$26.7M -$6.62M -37,754 -19%
Canada Pension Plan Investment Board
48
Canada Pension Plan Investment Board
Ontario, Canada
$26.1M +$12.4M +70,971 +82%
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$24.5M -$3.41M -19,434 -12%
Massachusetts Financial Services
50
Massachusetts Financial Services
Massachusetts
$20.1M -$327K -1,865 -2%

FSV Hedge Fund Activity: Q1 2025 in Review

315 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2025, worth a combined $5.05B — down 8.7% from $5.53B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new FSV positions and 24 closed out — a net gain of 10 holders — while 126 added to existing stakes and 106 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $63.3M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $93.8M.

  • 315 institutional investors held FirstService (FSV) as of Q1 2025, up from 310 in Q4 2024.
  • Funds reported $5.05B of FirstService stock for Q1 2025, down 8.7% quarter-over-quarter.
  • 34 funds opened new FirstService positions in Q1 2025 and 24 closed out, a net change of +10 holders.
  • The largest FirstService buyer in Q1 2025 was Janus Henderson Group, an estimated $63.3M added.
  • The largest FirstService seller in Q1 2025 was Manulife (Manufacturers Life Insurance), an estimated $93.8M sold.

Based on aggregated 13F filings for Q1 2025.