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FirstService
FSV

136 hedge funds and large institutions have $2.42B invested in FirstService in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 50 increasing their positions, 46 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

21% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 14

9% more capital invested

Capital invested by funds: $2.21B → $2.42B (+$209M)

2% more funds holding

Funds holding: 133 → 136 (+3)

9% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 46

8.25% less ownership

Funds ownership: 71.17% → 62.92% (-8.3%)

Holders
136
Holders Change
+3
Holders Change %
+2.26%
% of All Funds
2.95%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
17
Increased
50
Reduced
46
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$39.1M
2
Invesco
Invesco
Georgia
+$19.7M
3
CCA
Conestoga Capital Advisors
Pennsylvania
+$17.1M
4
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
+$14.2M
5
JP Morgan Chase
JP Morgan Chase
New York
+$10.8M

Top Sellers

1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$30.8M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$24.5M
3
TD Asset Management
TD Asset Management
Ontario, Canada
-$18.7M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$13M
5
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$11.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCIM
51
British Columbia Investment Management
British Columbia, Canada
$3.92M -$1.31M -14,440 -26%
AIA
52
Avalon Investment & Advisory
Texas
$3.88M +$33.8K +374 +0.9%
Goldman Sachs
53
Goldman Sachs
New York
$3.74M -$162K -1,788 -4%
Canada Pension Plan Investment Board
54
Canada Pension Plan Investment Board
Ontario, Canada
$3.58M -$11.8M -130,700 -78%
GIC
55
GFI Investment Counsel
Ontario, Canada
$3.33M -$429K -4,736 -12%
AC
56
AltraVue Capital
Washington
$2.96M – – –
LCM
57
Legato Capital Management
California
$2.96M – – –
Geode Capital Management
58
Geode Capital Management
Massachusetts
$2.92M -$396K -4,373 -13%
EGI
59
EAM Global Investors
California
$2.57M +$2.41M +26,682 New
State of Tennessee, Department of Treasury
60
State of Tennessee, Department of Treasury
Tennessee
$2.56M -$344K -3,806 -13%
Wells Fargo
61
Wells Fargo
California
$2.37M -$34.8K -384 -2%
WCA
62
Waratah Capital Advisors
Ontario, Canada
$2.31M -$1.29M -14,250 -37%
BTS
63
BB&T Securities
Virginia
$2.25M +$13.2K +146 +0.6%
Luther King Capital Management (LKCM)
64
Luther King Capital Management (LKCM)
Texas
$2.21M +$2.09M +23,050 New
NIM
65
Nexus Investment Management
Ontario, Canada
$2.2M – – –
Toronto Dominion Bank
66
Toronto Dominion Bank
Ontario, Canada
$2.16M +$1.63M +17,966 +67%
BCM
67
Barometer Capital Management
Ontario, Canada
$2.1M +$498K +5,500 +34%
AG
68
Aperio Group
California
$1.97M -$7.6K -84 -0.4%
CS
69
Credit Suisse
Switzerland
$1.93M -$158K -1,749 -8%
Two Sigma Advisers
70
Two Sigma Advisers
New York
$1.92M -$56K -619 -3%
UBS AM
71
UBS AM
Illinois
$1.7M +$208K +2,300 +15%
Comerica Bank
72
Comerica Bank
Texas
$1.63M +$297K +3,283 +24%
RJA
73
Raymond James & Associates
Florida
$1.62M +$15.4K +170 +1%
Northern Trust
74
Northern Trust
Illinois
$1.57M -$115K -1,266 -7%
SC
75
Scotia Capital
Ontario, Canada
$1.48M +$48.1K +532 +4%
1 2
3
4 5

FSV Hedge Fund Activity: Q2 2019 in Review

136 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2019, worth a combined $2.42B — up 9.4% from $2.21B a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FSV positions and 14 closed out — a net gain of 3 holders — while 50 added to existing stakes and 46 trimmed.

The largest buyer was Mackenzie Financial, opening a new position worth an estimated $39.1M. The largest seller was PNC Financial Services Group, cutting an estimated $30.8M.

  • 136 institutional investors held FirstService (FSV) as of Q2 2019, up from 133 in Q1 2019.
  • Funds reported $2.42B of FirstService stock for Q2 2019, up 9.4% quarter-over-quarter.
  • 17 funds opened new FirstService positions in Q2 2019 and 14 closed out, a net change of +3 holders.
  • The largest FirstService buyer in Q2 2019 was Mackenzie Financial, an estimated $39.1M added.
  • The largest FirstService seller in Q2 2019 was PNC Financial Services Group, an estimated $30.8M sold.

Based on aggregated 13F filings for Q2 2019.