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FirstService

139 hedge funds and large institutions have $2.59B invested in FirstService in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 64 increasing their positions, 43 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 43

6.84% more ownership

Funds ownership: 62.03%68.88% (+6.8%)

7% more capital invested

Capital invested by funds: $2.43B → $2.59B (+$159M)

6% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 18

2% less funds holding

Funds holding: 142139 (-3)

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

Holders
139
Holders Change
-3
Holders Change %
-2.11%
% of All Funds
2.74%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.08%
New
17
Increased
64
Reduced
43
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
EAM
51
Erste Asset Management
Austria
$5.6M +$753K +8,000 +15%
JP Morgan Chase
52
JP Morgan Chase
New York
$4.67M -$3.8M -40,366 -45%
Canada Pension Plan Investment Board
53
Canada Pension Plan Investment Board
Ontario, Canada
$4.42M +$992K +10,535 +29%
Two Sigma Investments
54
Two Sigma Investments
New York
$4.12M +$3.21M +34,051 +332%
Franklin Resources
55
Franklin Resources
California
$4.07M +$143K +1,514 +4%
Jane Street
56
Jane Street
New York
$3.77M +$3.81M +40,488 New
Goldman Sachs
57
Goldman Sachs
New York
$3.76M -$400K -4,249 -10%
AIA
58
Avalon Investment & Advisory
Texas
$3.74M +$18.8K +200 +0.5%
Truist Financial
59
Truist Financial
North Carolina
$3.66M +$3.49M +37,059 +1,622%
State of Tennessee, Department of Treasury
60
State of Tennessee, Department of Treasury
Tennessee
$3.6M
Geode Capital Management
61
Geode Capital Management
Massachusetts
$3.48M -$121K -1,289 -3%
GIC
62
GFI Investment Counsel
Ontario, Canada
$3.11M -$121K -1,280 -4%
ACH
63
ArrowMark Colorado Holdings
Colorado
$3.11M +$2.88M +30,532 +1,069%
ACM
64
Argent Capital Management
Missouri
$3.09M +$604K +6,410 +24%
AC
65
AltraVue Capital
Washington
$2.87M
LCM
66
Legato Capital Management
California
$2.87M
Wells Fargo
67
Wells Fargo
California
$2.73M +$455K +4,830 +20%
RJA
68
Raymond James & Associates
Florida
$2.69M +$1.15M +12,232 +73%
Comerica Bank
69
Comerica Bank
Texas
$2.66M -$942 -10 -0%
UBS AM
70
UBS AM
Illinois
$2.35M +$94.2K +1,000 +4%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
71
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$2.33M +$2.35M +25,000 New
NIM
72
Nexus Investment Management
Ontario, Canada
$2.12M
CS
73
Credit Suisse
Switzerland
$2.04M -$579K -6,152 -22%
Victory Capital Management
74
Victory Capital Management
Texas
$2.02M -$599K -6,363 -23%
AG
75
Aperio Group
California
$1.86M -$12.1K -128 -0.6%

FSV Hedge Fund Activity: Q4 2019 in Review

139 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2019, worth a combined $2.59B — up 6.6% from $2.43B a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FSV and 17 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 64 added.

The largest buyer was Mackenzie Financial, adding an estimated $147M. The largest seller was T. Rowe Price Associates, cutting an estimated $38M.

  • 139 institutional investors held FirstService (FSV) as of Q4 2019, down from 142 in Q3 2019.
  • Funds reported $2.59B of FirstService stock for Q4 2019, up 6.6% quarter-over-quarter.
  • 17 funds opened new FirstService positions in Q4 2019 and 18 closed out, a net change of -1 holder.
  • The largest FirstService buyer in Q4 2019 was Mackenzie Financial, an estimated $147M added.
  • The largest FirstService seller in Q4 2019 was T. Rowe Price Associates, an estimated $38M sold.

Based on aggregated 13F filings for Q4 2019.