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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
Chevy Chase Trust
76
Chevy Chase Trust
Maryland
$1.34M – – –
Legal & General Group
77
Legal & General Group
United Kingdom
$1.2M +$15.6K +172 +1%
Franklin Resources
78
Franklin Resources
California
$1.18M +$803K +8,878 +261%
D.E. Shaw & Co
79
D.E. Shaw & Co
New York
$1.17M +$1.1M +12,200 New
Bank of New York Mellon
80
Bank of New York Mellon
New York
$1.15M -$347K -3,839 -24%
UBS Group
81
UBS Group
Switzerland
$1.12M -$59.2K -654 -5%
Fidelity International
82
Fidelity International
Bermuda
$1.06M +$2.81K +31 +0.3%
SIM
83
Spark Investment Management
New York
$1.06M +$996K +11,000 New
OAM
84
Oppenheimer Asset Management
New York
$1.06M -$7.06K -78 -0.7%
RJFSA
85
Raymond James Financial Services Advisors
Florida
$1.03M +$16.8K +186 +2%
QC
86
Quadrature Capital
United Kingdom
$977K +$923K +10,200 New
AWW
87
Alan W. Weber
$969K – – –
ACM
88
Argent Capital Management
Missouri
$948K +$895K +9,885 New
Envestnet Asset Management
89
Envestnet Asset Management
Illinois
$835K +$54.1K +598 +7%
SCM
90
Sterling Capital Management
North Carolina
$823K +$14.8K +163 +2%
William Blair & Company
91
William Blair & Company
Illinois
$757K – – –
AAM
92
Auxier Asset Management
Oregon
$711K – – –
KCM
93
Kornitzer Capital Management
Kansas
$604K – – –
OAC
94
OMERS Administration Corp
Ontario, Canada
$586K – – –
ARTA
95
A.R.T. Advisors
New York
$512K +$145K +1,600 +43%
MWNA
96
Marshall Wace North America
New York
$500K +$471K +5,206 New
CCIA
97
Campbell & Co Investment Adviser
Maryland
$459K -$59.9K -662 -12%
CSS
98
Cubist Systematic Strategies
Connecticut
$444K +$131K +1,452 +46%
AAM
99
Arabesque Asset Management
United Kingdom
$424K +$398K +4,400 New
PPA
100
Parametric Portfolio Associates
Washington
$409K +$29.4K +325 +8%
2 3
4
5 6

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.