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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
PCG
126
Private Capital Group
Connecticut
$23K +$9.05K +100 +50%
FHA
127
First Horizon Advisors
Tennessee
$17K -$11.8K -130 -43%
S
128
SignatureFD
Georgia
$16K – – –
Fifth Third Bancorp
129
Fifth Third Bancorp
Ohio
$10K +$5.25K +58 +123%
QT
130
Quantbot Technologies
New York
$9K +$9.05K +100 New
CFA
131
Camarda Financial Advisors
Florida
$5K – – –
FRA
132
Front Row Advisors
California
$3K -$91 -1 -3%
LTFS
133
Ladenburg Thalmann Financial Services
Florida
$2K – – –
APA
134
American Portfolios Advisors
New York
$1.34K – – –
GT
135
Glenmede Trust
Pennsylvania
$49 +$14.5K +160 +45%
Janus Henderson Group
136
Janus Henderson Group
United Kingdom
– -$24.5M -274,376 Closed
Arrowstreet Capital
137
Arrowstreet Capital
Massachusetts
– -$13M -145,638 Closed
AL
138
AJO LP
Pennsylvania
– -$9.59M -107,327 Closed
DZ Bank
139
DZ Bank
Germany
– -$7.48M -84,006 Closed
AQR Capital Management
140
AQR Capital Management
Connecticut
– -$2.17M -24,294 Closed
SI
141
Scharf Investments
California
– -$1.43M -16,000 Closed
Two Sigma Investments
142
Two Sigma Investments
New York
– -$1.28M -14,295 Closed
DekaBank Deutsche Girozentrale
143
DekaBank Deutsche Girozentrale
Germany
– -$952K -11,056 Closed
OAM
144
Oxford Asset Management
United Kingdom
– -$811K -9,073 Closed
HAM
145
Highstreet Asset Management
Ontario, Canada
– -$37K -418 Closed
WAM
146
Wealthspire Advisors (Maryland)
Maryland
– -$16K -175 Closed
FHA
147
Flagship Harbor Advisors
Massachusetts
– -$8K -100 Closed
PCM
148
Peregrine Capital Management
Minnesota
– -$6K -71 Closed
OWA
149
One Wealth Advisors
California
– -$2K -22 Closed
FGAM
150
Financial Gravity Asset Management
Texas
– +$181 +2 New
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.