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FirstService
FSV

108 hedge funds and large institutions have $1.43B invested in FirstService in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 39 increasing their positions, 44 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $1.35B → $1.43B (+$86M)

4.91% more ownership

Funds ownership: 60.57% → 65.48% (+4.9%)

2% less funds holding

Funds holding: 110 → 108 (-2)

11% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 44

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
108
Holders Change
-2
Holders Change %
-1.82%
% of All Funds
2.69%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
4
Increased
39
Reduced
44
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
VBA
Van Berkom & Associates
Quebec, Canada
+$120M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$20.8M
3
Neuberger Berman Group
Neuberger Berman Group
New York
+$17.1M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$11.8M
5
American Century Companies
American Century Companies
Missouri
+$4.86M

Top Sellers

1
William Blair Investment Management
William Blair Investment Management
Illinois
-$14.8M
2
CIBC World Market
CIBC World Market
Ontario, Canada
-$12.6M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$11.3M
4
GMI
Greystone Managed Investments
Saskatchewan, Canada
-$8.7M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$7.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
FHA
101
First Horizon Advisors
Tennessee
$20K – – –
EFSCE
102
Enterprise Financial Services Corp (EFSC)
Missouri
$13K – – –
AG
103
Advisor Group
Arizona
$13K +$13.1K +200 New
TRCT
104
Tower Research Capital (TRC)
New York
$12K -$36.9K -565 -76%
BTIS
105
BB&T Investment Services
North Carolina
$9K +$1.96K +30 +28%
Citigroup
106
Citigroup
New York
$6K -$784 -12 -12%
BONST
107
Bank of Nova Scotia Trust
Ontario, Canada
$2K +$1.96K +30 New
QC
108
Quadrature Capital
United Kingdom
– -$1.18M -18,490 Closed
RG
109
Renaissance Group
Kentucky
– -$492K -7,697 Closed
Jane Street
110
Jane Street
New York
– -$345K -5,400 Closed
MWNA
111
Marshall Wace North America
New York
– -$308K -4,818 Closed
Citadel Advisors
112
Citadel Advisors
Florida
– -$252K -3,937 Closed
Barclays
113
Barclays
United Kingdom
– -$26K -400 Closed
SEI Investments
114
SEI Investments
Pennsylvania
– +$65 +1 New
1 2 3 4
5

FSV Hedge Fund Activity: Q3 2017 in Review

108 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q3 2017, worth a combined $1.43B — up 6.4% from $1.35B a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FSV and 4 opened new positions — a net loss of 2 holders — while 44 trimmed existing stakes and 39 added.

The largest buyer was Van Berkom & Associates, adding an estimated $120M. The largest seller was William Blair Investment Management, cutting an estimated $14.8M.

  • 108 institutional investors held FirstService (FSV) as of Q3 2017, down from 110 in Q2 2017.
  • Funds reported $1.43B of FirstService stock for Q3 2017, up 6.4% quarter-over-quarter.
  • 4 funds opened new FirstService positions in Q3 2017 and 6 closed out, a net change of -2 holders.
  • The largest FirstService buyer in Q3 2017 was Van Berkom & Associates, an estimated $120M added.
  • The largest FirstService seller in Q3 2017 was William Blair Investment Management, an estimated $14.8M sold.

Based on aggregated 13F filings for Q3 2017.