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FirstService
FSV

264 hedge funds and large institutions have $5.07B invested in FirstService in 2023 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 103 increasing their positions, 85 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

215% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 13

21% more repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 85

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

11% more funds holding

Funds holding: 237 → 264 (+27)

11% more capital invested

Capital invested by funds: $4.57B → $5.07B (+$509M)

0.16% more ownership

Funds ownership: 69.98% → 70.15% (+0.16%)

95% less call options, than puts

Call options by funds: $227K | Put options by funds: $4.58M

Holders
264
Holders Change
+27
Holders Change %
+11.39%
% of All Funds
3.85%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.12%
New
41
Increased
103
Reduced
85
Closed
13
Calls
$227K
Puts
$4.58M
Net Calls
-$4.36M
Net Calls Change
-$4.73M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$72.5M
2
Goldman Sachs
Goldman Sachs
New York
+$36.3M
3
ClearBridge Investments
ClearBridge Investments
New York
+$35.7M
4
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$22.9M
5
Millennium Management
Millennium Management
New York
+$13.2M

Top Sellers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$51.3M
2
Franklin Resources
Franklin Resources
California
-$37.2M
3
DCP
Durable Capital Partners
Maryland
-$23.1M
4
FAM
Fred Alger Management
New York
-$21.2M
5
UCFA
United Capital Financial Advisors
Texas
-$13.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
51
Millennium Management
New York
$16M +$13.2M +87,184 +768%
JSA
52
Jacobson & Schmitt Advisors
Wisconsin
$15.5M +$54.7K +362 +0.4%
Thrivent Financial for Lutherans
53
Thrivent Financial for Lutherans
Minnesota
$15.3M -$3.59M -23,715 -20%
FAM
54
Fenimore Asset Management
New York
$15.2M +$83.2K +550 +0.6%
CS
55
Credit Suisse
Switzerland
$14.5M +$950K +6,285 +10%
Sumitomo Mitsui Trust Group
56
Sumitomo Mitsui Trust Group
Japan
$13.1M +$26.5K +175 +0.2%
Ameriprise
57
Ameriprise
Minnesota
$12.8M +$2.62M +17,359 +29%
Wells Fargo
58
Wells Fargo
California
$12.6M +$1.21M +8,030 +12%
MBI
59
Montrusco Bolton Investments
Quebec, Canada
$11.6M +$310K +2,049 +3%
OCM
60
Osterweis Capital Management
California
$10.7M -$520K -3,440 -5%
HIM
61
Hillsdale Investment Management
Ontario, Canada
$10.1M -$2.33M -15,407 -20%
William Blair & Company
62
William Blair & Company
Illinois
$9.87M +$796K +5,268 +9%
Bank of New York Mellon
63
Bank of New York Mellon
New York
$8.83M -$466K -3,082 -5%
BCIM
64
British Columbia Investment Management
British Columbia, Canada
$8.64M -$6.15M -40,648 -43%
CRC
65
Catawba River Capital
South Carolina
$7.48M -$756 -5 -0%
Citadel Advisors
66
Citadel Advisors
Florida
$7.4M +$6.27M +41,497 +997%
OCAM
67
Onex Canada Asset Management
Ontario, Canada
$7.35M -$8.55M -56,522 -55%
State of Tennessee, Department of Treasury
68
State of Tennessee, Department of Treasury
Tennessee
$7.05M -$1.13M -7,495 -15%
Invesco
69
Invesco
Georgia
$6.84M +$309K +2,045 +5%
Toronto Dominion Bank
70
Toronto Dominion Bank
Ontario, Canada
$6.64M +$762K +5,041 +14%
LM
71
Lincluden Management
Ontario, Canada
$6.42M -$2.64M -17,461 -31%
Canada Pension Plan Investment Board
72
Canada Pension Plan Investment Board
Ontario, Canada
$6.25M -$3.28M -21,700 -36%
AM
73
AGF Management
Ontario, Canada
$6.16M +$960K +6,350 +20%
CP
74
Cumberland Partners
Ontario, Canada
$5.94M – – –
Polen Capital Management
75
Polen Capital Management
Florida
$5.94M -$534K -3,531 -9%
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3
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FSV Hedge Fund Activity: Q4 2023 in Review

264 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2023, worth a combined $5.07B — up 11% from $4.57B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new FSV positions and 13 closed out — a net gain of 28 holders — while 103 added to existing stakes and 85 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $72.5M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $51.3M.

  • 264 institutional investors held FirstService (FSV) as of Q4 2023, up from 237 in Q3 2023.
  • Funds reported $5.07B of FirstService stock for Q4 2023, up 11% quarter-over-quarter.
  • 41 funds opened new FirstService positions in Q4 2023 and 13 closed out, a net change of +28 holders.
  • The largest FirstService buyer in Q4 2023 was Morgan Stanley, an estimated $72.5M added.
  • The largest FirstService seller in Q4 2023 was T. Rowe Price Investment Management, an estimated $51.3M sold.

Based on aggregated 13F filings for Q4 2023.