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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
DekaBank Deutsche Girozentrale
151
DekaBank Deutsche Girozentrale
Germany
$950K +$81.3K +538 +10%
QWP
152
Quotient Wealth Partners
Texas
$909K +$848K +5,607 New
Pathstone Holdings
153
Pathstone Holdings
New Jersey
$908K +$847K +5,603 New
Allianz Asset Management
154
Allianz Asset Management
Germany
$894K -$1.55M -10,224 -65%
TC
155
TownSquare Capital
Utah
$850K +$91.2K +603 +13%
AWM
156
Apollon Wealth Management
South Carolina
$836K +$780K +5,157 New
ACM
157
Aquatic Capital Management
Illinois
$827K +$665K +4,400 +629%
Jennison Associates
158
Jennison Associates
New York
$823K +$33.7K +223 +5%
GT
159
Glenmede Trust
Pennsylvania
$808K -$2.27K -15 -0.3%
SAM
160
Shell Asset Management
Netherlands
$759K -$161K -1,068 -19%
PFG
161
PAX Financial Group
Texas
$673K -$80.7K -534 -12%
DP
162
Dearborn Partners
Illinois
$660K +$218K +1,445 +55%
NS
163
NBC Securities
Alabama
$634K -$13.6K -90 -2%
AIM
164
Achmea Investment Management
Netherlands
$623K – – –
JFL
165
Jarislowsky, Fraser Ltd
Quebec, Canada
$613K +$572K +3,783 New
TW
166
TritonPoint Wealth
Maryland
$612K +$570K +3,773 New
UB
167
UMB Bank
Missouri
$585K – – –
PCM
168
PenderFund Capital Management
British Columbia, Canada
$584K – – –
IMCOOI
169
Investment Management Corp of Ontario (IMCO)
Canada
$582K +$543K +3,591 New
CAPTRUST Financial Advisors
170
CAPTRUST Financial Advisors
North Carolina
$581K +$139K +919 +34%
RJT
171
Raymond James Trust
Florida
$507K +$2.87K +19 +0.6%
BGCP
172
Bristol Gate Capital Partners
Ontario, Canada
$497K -$41.7K -276 -8%
EGM
173
Engineers Gate Manager
New York
$472K +$114K +756 +35%
OWM
174
Orgel Wealth Management
Wisconsin
$464K -$64.3K -425 -13%
LNWWM
175
Laird Norton Wetherby Wealth Management
California
$464K +$1.97K +13 +0.5%
5 6
7
8 9

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.