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FirstService

322 hedge funds and large institutions have $5.38B invested in FirstService in 2025 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 122 increasing their positions, 109 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 27

12% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 109

6% more capital invested

Capital invested by funds: $5.05B → $5.38B (+$324M)

2% more funds holding

Funds holding: 315322 (+7)

0.83% more ownership

Funds ownership: 66.8%67.63% (+0.83%)

60% less funds holding in top 10

Funds holding in top 10: 52 (-3)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $17K

Holders
322
Holders Change
+7
Holders Change %
+2.22%
% of All Funds
4.24%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.03%
New
41
Increased
122
Reduced
109
Closed
27
Calls
Puts
$17K
Net Calls
-$17K
Net Calls Change
+$165K
Name Holding Trade Value Shares
Change
Change in
Stake
CCM
26
Copeland Capital Management
Pennsylvania
$61.5M -$5.28M -30,483 -8%
Bank of Montreal
27
Bank of Montreal
Ontario, Canada
$56.7M -$6.31M -36,453 -10%
National Bank of Canada
28
National Bank of Canada
Quebec, Canada
$56.1M +$4.38M +25,267 +8%
PMAM
29
Picton Mahoney Asset Management
Ontario, Canada
$56M +$55.8M +322,371 New
TD Asset Management
30
TD Asset Management
Ontario, Canada
$48.7M -$9.74M -56,262 -17%
JP Morgan Chase
31
JP Morgan Chase
New York
$48.2M +$925K +5,339 +2%
American Century Companies
32
American Century Companies
Missouri
$44.1M -$49.5M -285,657 -53%
BFS
33
Baskin Financial Services
Ontario, Canada
$44M +$38.1K +220 +0.1%
Fiera Capital (Canada)
34
Fiera Capital (Canada)
Quebec, Canada
$43.7M -$3.1M -17,891 -7%
CAPTRUST Financial Advisors
35
CAPTRUST Financial Advisors
North Carolina
$42M +$201K +1,162 +0.5%
Bank of America
36
Bank of America
North Carolina
$38.8M -$11M -63,449 -22%
LCM
37
Lionstone Capital Management
New York
$37.8M
Brown Advisory
38
Brown Advisory
Maryland
$36.7M +$4.56M +26,351 +14%
ClearBridge Investments
39
ClearBridge Investments
New York
$35.9M -$1.91M -11,031 -5%
Arrowstreet Capital
40
Arrowstreet Capital
Massachusetts
$34.9M -$1.82M -10,498 -5%
Bessemer Group
41
Bessemer Group
New Jersey
$33.6M +$4.53M +26,146 +16%
Legal & General Group
42
Legal & General Group
United Kingdom
$32M +$3.29M +18,989 +12%
Acadian Asset Management
43
Acadian Asset Management
Massachusetts
$30.8M +$17.4M +100,300 +131%
Dimensional Fund Advisors
44
Dimensional Fund Advisors
Texas
$29.8M +$729K +4,210 +3%
Raymond James Financial
45
Raymond James Financial
Florida
$28M -$4.99M -28,822 -15%
Canada Pension Plan Investment Board
46
Canada Pension Plan Investment Board
Ontario, Canada
$27.5M
Bank of Nova Scotia
47
Bank of Nova Scotia
Ontario, Canada
$26.1M -$2.03M -11,699 -7%
William Blair & Company
48
William Blair & Company
Illinois
$25.4M +$9.14M +52,748 +57%
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$25.3M -$492K -2,842 -2%
Connor, Clark & Lunn Investment Management (CC&L)
50
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$24.4M -$68.1M -393,276 -74%

FSV Hedge Fund Activity: Q2 2025 in Review

322 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2025, worth a combined $5.38B — up 6.4% from $5.05B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new FSV positions and 27 closed out — a net gain of 14 holders — while 122 added to existing stakes and 109 trimmed.

The largest buyer was Mackenzie Financial, adding an estimated $128M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $68.1M.

  • 322 institutional investors held FirstService (FSV) as of Q2 2025, up from 315 in Q1 2025.
  • Funds reported $5.38B of FirstService stock for Q2 2025, up 6.4% quarter-over-quarter.
  • 41 funds opened new FirstService positions in Q2 2025 and 27 closed out, a net change of +14 holders.
  • The largest FirstService buyer in Q2 2025 was Mackenzie Financial, an estimated $128M added.
  • The largest FirstService seller in Q2 2025 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $68.1M sold.

Based on aggregated 13F filings for Q2 2025.