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FirstService

108 hedge funds and large institutions have $1.43B invested in FirstService in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 39 increasing their positions, 44 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $1.35B → $1.43B (+$86M)

4.91% more ownership

Funds ownership: 60.57%65.48% (+4.9%)

2% less funds holding

Funds holding: 110108 (-2)

11% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 44

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
108
Holders Change
-2
Holders Change %
-1.82%
% of All Funds
2.69%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
4
Increased
39
Reduced
44
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GCC
51
Guardian Capital (Canada)
Ontario, Canada
$3.19M -$287K -4,400 -8%
State of Tennessee, Department of Treasury
52
State of Tennessee, Department of Treasury
Tennessee
$2.97M +$189K +2,900 +7%
HS
53
HighVista Strategies
Massachusetts
$2.7M
Goldman Sachs
54
Goldman Sachs
New York
$2.2M -$344K -5,271 -14%
GIC
55
GFI Investment Counsel
Ontario, Canada
$2.14M +$1.71M +26,154 +407%
Two Sigma Investments
56
Two Sigma Investments
New York
$2.08M -$3.28M -50,242 -61%
LCM
57
Legato Capital Management
California
$2.03M
AWW
58
Alan W. Weber
$1.98M
DCM
59
Driehaus Capital Management
Illinois
$1.97M -$71.1K -1,089 -4%
CS
60
Credit Suisse
Switzerland
$1.88M -$3.25M -49,789 -63%
Millennium Management
61
Millennium Management
New York
$1.81M +$1.13M +17,352 +171%
Acadian Asset Management
62
Acadian Asset Management
Massachusetts
$1.76M +$1.75M +26,817 +26,817%
Bank of Nova Scotia
63
Bank of Nova Scotia
Ontario, Canada
$1.65M -$265K -4,052 -14%
AQR Capital Management
64
AQR Capital Management
Connecticut
$1.59M
Geode Capital Management
65
Geode Capital Management
Massachusetts
$1.57M -$227K -3,472 -13%
AG
66
Aperio Group
California
$1.55M -$14.1K -216 -0.9%
AllianceBernstein
67
AllianceBernstein
Tennessee
$1.53M +$134K +2,050 +10%
NIM
68
Nexus Investment Management
Ontario, Canada
$1.49M
OAM
69
Oxford Asset Management
United Kingdom
$1.39M +$45.4K +695 +3%
CIBC World Market
70
CIBC World Market
Ontario, Canada
$1.29M -$12.6M -192,643 -91%
William Blair & Company
71
William Blair & Company
Illinois
$1.11M -$166K -2,549 -13%
Northern Trust
72
Northern Trust
Illinois
$1.06M -$317K -4,852 -23%
SI
73
Scharf Investments
California
$1.05M
SC
74
Scotia Capital
Ontario, Canada
$919K +$145K +2,221 +19%
Chevy Chase Trust
75
Chevy Chase Trust
Maryland
$918K -$65.3K -1,000 -7%

FSV Hedge Fund Activity: Q3 2017 in Review

108 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q3 2017, worth a combined $1.43B — up 6.4% from $1.35B a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FSV and 4 opened new positions — a net loss of 2 holders — while 44 trimmed existing stakes and 39 added.

The largest buyer was Van Berkom & Associates, adding an estimated $120M. The largest seller was William Blair Investment Management, cutting an estimated $14.8M.

  • 108 institutional investors held FirstService (FSV) as of Q3 2017, down from 110 in Q2 2017.
  • Funds reported $1.43B of FirstService stock for Q3 2017, up 6.4% quarter-over-quarter.
  • 4 funds opened new FirstService positions in Q3 2017 and 6 closed out, a net change of -2 holders.
  • The largest FirstService buyer in Q3 2017 was Van Berkom & Associates, an estimated $120M added.
  • The largest FirstService seller in Q3 2017 was William Blair Investment Management, an estimated $14.8M sold.

Based on aggregated 13F filings for Q3 2017.