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FirstService
FSV

216 hedge funds and large institutions have $4.49B invested in FirstService in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 83 increasing their positions, 68 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

173% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 11

22% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 68

14% more capital invested

Capital invested by funds: $3.92B → $4.49B (+$569M)

9% more funds holding

Funds holding: 198 → 216 (+18)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.85% less ownership

Funds ownership: 72.41% → 71.56% (-0.85%)

46% less call options, than puts

Call options by funds: $1.32M | Put options by funds: $2.43M

Holders
216
Holders Change
+18
Holders Change %
+9.09%
% of All Funds
3.44%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
30
Increased
83
Reduced
68
Closed
11
Calls
$1.32M
Puts
$2.43M
Net Calls
-$1.11M
Net Calls Change
+$117K

Top Buyers

Rank Fund Capital Flow
1
Fidelity International
Fidelity International
Bermuda
+$33.4M
2
American Century Companies
American Century Companies
Missouri
+$20M
3
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$18.4M
4
QC
Quadrature Capital
United Kingdom
+$14.6M
5
CW
Connectus Wealth
Ohio
+$9.82M

Top Sellers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$76.2M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$15.2M
3
Invesco
Invesco
Georgia
-$11.3M
4
CIBC Asset Management
CIBC Asset Management
Ontario, Canada
-$11.1M
5
DCP
Durable Capital Partners
Maryland
-$11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
76
Citadel Advisors
Florida
$4.86M -$1.07M -7,772 -18%
William Blair & Company
77
William Blair & Company
Illinois
$4.85M +$116K +845 +3%
AIMCA
78
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$4.44M +$1.4M +10,186 +48%
GIC
79
GFI Investment Counsel
Ontario, Canada
$4.19M – – –
D.E. Shaw & Co
80
D.E. Shaw & Co
New York
$4.09M +$207K +1,500 +5%
Russell Investments Group
81
Russell Investments Group
United Kingdom
$3.55M +$976K +7,083 +39%
AIA
82
Avalon Investment & Advisory
Texas
$3.46M -$132K -956 -4%
VLKIM
83
Van Lanschot Kempen Investment Management
Netherlands
$3.36M -$26.6K -193 -1%
SEI Investments
84
SEI Investments
Pennsylvania
$3.32M +$607K +4,408 +23%
BlackRock
85
BlackRock
New York
$3.31M +$1.11M +8,076 +53%
Luther King Capital Management (LKCM)
86
Luther King Capital Management (LKCM)
Texas
$3.29M +$504K +3,661 +19%
New York State Common Retirement Fund
87
New York State Common Retirement Fund
New York
$3.28M – – –
State of Tennessee, Department of Treasury
88
State of Tennessee, Department of Treasury
Tennessee
$3.15M – – –
ACM
89
Argent Capital Management
Missouri
$3.12M +$2.81M +20,402 +1,164%
Natixis Advisors
90
Natixis Advisors
Massachusetts
$2.95M +$245K +1,776 +9%
NIM
91
Nexus Investment Management
Ontario, Canada
$2.79M – – –
MSV
92
MN Services Vermogensbeheer
Netherlands
$2.73M – – –
AAF
93
Andra AP-fonden
Sweden
$2.53M +$1.83M +13,300 New
Canada Life
94
Canada Life
Manitoba, Canada
$2.43M -$6.34K -46 -0.3%
PAMS
95
Pictet Asset Management (Switzerland)
Switzerland
$2.42M -$23.7K -172 -1%
CF
96
Canoe Financial
Alberta, Canada
$2.3M +$2.25M +16,333 New
Citigroup
97
Citigroup
New York
$2.27M -$7.44K -54 -0.3%
Axa
98
Axa
France
$2.25M +$310K +2,253 +16%
BFS
99
Bradley Foster & Sargent
Connecticut
$2.18M +$206K +1,492 +11%
Mitsubishi UFJ Trust & Banking
100
Mitsubishi UFJ Trust & Banking
Japan
$2.06M +$82.7K +600 +4%
2 3
4
5 6

FSV Hedge Fund Activity: Q1 2023 in Review

216 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2023, worth a combined $4.49B — up 14% from $3.92B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FSV positions and 11 closed out — a net gain of 19 holders — while 83 added to existing stakes and 68 trimmed.

The largest buyer was Fidelity International, opening a new position worth an estimated $33.4M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $76.2M.

  • 216 institutional investors held FirstService (FSV) as of Q1 2023, up from 198 in Q4 2022.
  • Funds reported $4.49B of FirstService stock for Q1 2023, up 14% quarter-over-quarter.
  • 30 funds opened new FirstService positions in Q1 2023 and 11 closed out, a net change of +19 holders.
  • The largest FirstService buyer in Q1 2023 was Fidelity International, an estimated $33.4M added.
  • The largest FirstService seller in Q1 2023 was Manulife (Manufacturers Life Insurance), an estimated $76.2M sold.

Based on aggregated 13F filings for Q1 2023.