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FirstService
FSV

196 hedge funds and large institutions have $4.35B invested in FirstService in 2022 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 87 increasing their positions, 60 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 60

0.85% less ownership

Funds ownership: 69.02% → 68.17% (-0.85%)

5% less funds holding

Funds holding: 206 → 196 (-10)

20% less capital invested

Capital invested by funds: $5.45B → $4.35B (-$1.11B)

29% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 28

50% less funds holding in top 10

Funds holding in top 10: 6 → 3 (-3)

89% less call options, than puts

Call options by funds: $652K | Put options by funds: $5.94M

Holders
196
Holders Change
-10
Holders Change %
-4.85%
% of All Funds
3.09%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
20
Increased
87
Reduced
60
Closed
28
Calls
$652K
Puts
$5.94M
Net Calls
-$5.29M
Net Calls Change
-$4.95M

Top Buyers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$134M
2
DCP
Durable Capital Partners
Maryland
+$36.4M
3
APG Asset Management
APG Asset Management
Netherlands
+$15.4M
4
QC
Quadrature Capital
United Kingdom
+$13.4M
5
Ameriprise
Ameriprise
Minnesota
+$13.1M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$89.4M
2
Fidelity International
Fidelity International
Bermuda
-$60.4M
3
TPM
Triasima Portfolio Management
Quebec, Canada
-$39.7M
4
UBS AM
UBS AM
Illinois
-$36.3M
5
PM
Pembroke Management
Quebec, Canada
-$16.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
OCM
51
Osterweis Capital Management
California
$12.2M +$1.26M +8,260 +11%
Thrivent Financial for Lutherans
52
Thrivent Financial for Lutherans
Minnesota
$12M -$12.9K -85 -0.1%
LM
53
Lincluden Management
Ontario, Canada
$11.1M +$1.65M +10,828 +16%
National Bank of Canada
54
National Bank of Canada
Quebec, Canada
$11M -$1.21M -7,939 -9%
EVM
55
Eaton Vance Management
Massachusetts
$9.47M +$3.12M +20,477 +46%
Envestnet Asset Management
56
Envestnet Asset Management
Illinois
$9.34M +$656K +4,314 +7%
Deutsche Bank
57
Deutsche Bank
Germany
$8.86M +$289K +1,900 +3%
NEI
58
Northwest & Ethical Investments
Ontario, Canada
$7.25M +$774K +5,085 +11%
CS
59
Credit Suisse
Switzerland
$7.21M +$1.45M +9,527 +24%
Bank of New York Mellon
60
Bank of New York Mellon
New York
$7.13M -$3.66M -24,055 -33%
Goldman Sachs
61
Goldman Sachs
New York
$6.46M +$227K +1,489 +3%
Truist Financial
62
Truist Financial
North Carolina
$6.24M +$90.4K +594 +1%
Wells Fargo
63
Wells Fargo
California
$6.23M +$536K +3,524 +9%
CRC
64
Catawba River Capital
South Carolina
$5.79M -$19.5K -128 -0.3%
CP
65
Cumberland Partners
Ontario, Canada
$5.28M – – –
TPM
66
Triasima Portfolio Management
Quebec, Canada
$4.85M -$39.7M -261,081 -89%
Amundi
67
Amundi
France
$4.78M +$846K +5,561 +20%
LCM
68
Legato Capital Management
California
$4.52M – – –
GIC
69
GFI Investment Counsel
Ontario, Canada
$4.31M -$152 -1 -0%
WA
70
Wasatch Advisors
Utah
$4.29M +$4.51M +29,646 New
AIA
71
Avalon Investment & Advisory
Texas
$4.1M +$486K +3,197 +13%
MSV
72
MN Services Vermogensbeheer
Netherlands
$4.01M -$183K -1,200 -4%
SC
73
Scotia Capital
Ontario, Canada
$3.94M -$324K -2,128 -7%
State of Tennessee, Department of Treasury
74
State of Tennessee, Department of Treasury
Tennessee
$3.88M -$2.02M -13,243 -33%
William Blair & Company
75
William Blair & Company
Illinois
$3.59M +$495K +3,250 +15%
1 2
3
4 5

FSV Hedge Fund Activity: Q1 2022 in Review

196 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2022, worth a combined $4.35B — down 20% from $5.45B a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of FSV and 20 opened new positions — a net loss of 8 holders — while 60 trimmed existing stakes and 87 added.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $134M. The largest seller was T. Rowe Price Associates, cutting an estimated $89.4M.

  • 196 institutional investors held FirstService (FSV) as of Q1 2022, down from 206 in Q4 2021.
  • Funds reported $4.35B of FirstService stock for Q1 2022, down 20% quarter-over-quarter.
  • 20 funds opened new FirstService positions in Q1 2022 and 28 closed out, a net change of -8 holders.
  • The largest FirstService buyer in Q1 2022 was Manulife (Manufacturers Life Insurance), an estimated $134M added.
  • The largest FirstService seller in Q1 2022 was T. Rowe Price Associates, an estimated $89.4M sold.

Based on aggregated 13F filings for Q1 2022.