FirstService
322 hedge funds and large institutions have $5.38B invested in FirstService in 2025 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 122 increasing their positions, 109 reducing their positions, and 27 closing their positions.
52% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 27
12% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 109
6% more capital invested
Capital invested by funds: $5.05B → $5.38B (+$324M)
2% more funds holding
Funds holding: 315 → 322 (+7)
0.83% more ownership
Funds ownership: 66.8% → 67.63% (+0.83%)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $17K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$128M |
| 2 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$55.8M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$43.1M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$22.7M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$21.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$68.1M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$49.5M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$37.2M |
| 4 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$33.5M |
| 5 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$29.2M |
FSV Hedge Fund Activity: Q2 2025 in Review
322 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2025, worth a combined $5.38B — up 6.4% from $5.05B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new FSV positions and 27 closed out — a net gain of 14 holders — while 122 added to existing stakes and 109 trimmed.
The largest buyer was Mackenzie Financial, adding an estimated $128M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $68.1M.
- 322 institutional investors held FirstService (FSV) as of Q2 2025, up from 315 in Q1 2025.
- Funds reported $5.38B of FirstService stock for Q2 2025, up 6.4% quarter-over-quarter.
- 41 funds opened new FirstService positions in Q2 2025 and 27 closed out, a net change of +14 holders.
- The largest FirstService buyer in Q2 2025 was Mackenzie Financial, an estimated $128M added.
- The largest FirstService seller in Q2 2025 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $68.1M sold.
Based on aggregated 13F filings for Q2 2025.