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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
FC
126
Financial Council
Maryland
$1.62M – – –
CQS
127
Credential Qtrade Securities
$1.62M -$1.21K -8 -0.1%
A
128
AJOVista
Massachusetts
$1.6M +$1.5M +9,900 New
State of New Jersey Common Pension Fund D
129
State of New Jersey Common Pension Fund D
New Jersey
$1.48M -$297K -1,965 -18%
Osaic Holdings
130
Osaic Holdings
Arizona
$1.46M -$918K -6,071 -40%
Chevy Chase Trust
131
Chevy Chase Trust
Maryland
$1.45M – – –
FFA
132
Farther Finance Advisors
California
$1.43M +$1.11M +7,345 +506%
Citigroup
133
Citigroup
New York
$1.35M -$1.55M -10,242 -55%
Jane Street
134
Jane Street
New York
$1.3M +$84.5K +559 +7%
Public Sector Pension Investment Board (PSP Investments)
135
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.27M -$267K -1,766 -18%
BNP Paribas Financial Markets
136
BNP Paribas Financial Markets
France
$1.26M +$830K +5,493 +241%
DTL
137
Dynamic Technology Lab
Singapore
$1.24M +$927K +6,131 +411%
AllianceBernstein
138
AllianceBernstein
Tennessee
$1.22M -$513K -3,396 -31%
SIC
139
Schwartz Investment Counsel
Michigan
$1.22M – – –
OSAM
140
O'Shaughnessy Asset Management
Connecticut
$1.21M +$748K +4,951 +196%
AAM
141
Auxier Asset Management
Oregon
$1.11M – – –
BONST
142
Bank of Nova Scotia Trust
Ontario, Canada
$1.09M +$5.9K +39 +0.6%
EF
143
Empowered Funds
Pennsylvania
$1.07M +$342K +2,259 +52%
LPL Financial
144
LPL Financial
California
$1.07M -$22.1K -146 -2%
QCM
145
Quantinno Capital Management
New York
$1.05M +$293K +1,939 +42%
HS
146
HighVista Strategies
Massachusetts
$1.05M +$983K +6,500 New
QT
147
Quantbot Technologies
New York
$1.04M +$377K +2,495 +63%
AWP
148
Accretive Wealth Partners
New Jersey
$997K +$4.38K +29 +0.5%
Acadian Asset Management
149
Acadian Asset Management
Massachusetts
$992K +$574K +3,800 +165%
PM
150
Pembroke Management
Quebec, Canada
$991K +$77.1K +510 +12%
4 5
6
7 8

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.