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FirstService
FSV

196 hedge funds and large institutions have $4.35B invested in FirstService in 2022 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 87 increasing their positions, 60 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 60

0.85% less ownership

Funds ownership: 69.02% → 68.17% (-0.85%)

5% less funds holding

Funds holding: 206 → 196 (-10)

20% less capital invested

Capital invested by funds: $5.45B → $4.35B (-$1.11B)

29% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 28

50% less funds holding in top 10

Funds holding in top 10: 6 → 3 (-3)

89% less call options, than puts

Call options by funds: $652K | Put options by funds: $5.94M

Holders
196
Holders Change
-10
Holders Change %
-4.85%
% of All Funds
3.09%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
20
Increased
87
Reduced
60
Closed
28
Calls
$652K
Puts
$5.94M
Net Calls
-$5.29M
Net Calls Change
-$4.95M

Top Buyers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$134M
2
DCP
Durable Capital Partners
Maryland
+$36.4M
3
APG Asset Management
APG Asset Management
Netherlands
+$15.4M
4
QC
Quadrature Capital
United Kingdom
+$13.4M
5
Ameriprise
Ameriprise
Minnesota
+$13.1M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$89.4M
2
Fidelity International
Fidelity International
Bermuda
-$60.4M
3
TPM
Triasima Portfolio Management
Quebec, Canada
-$39.7M
4
UBS AM
UBS AM
Illinois
-$36.3M
5
PM
Pembroke Management
Quebec, Canada
-$16.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Victory Capital Management
201
Victory Capital Management
Texas
– -$2.06M -10,475 Closed
BNP Paribas Financial Markets
202
BNP Paribas Financial Markets
France
– -$1.48M -7,531 Closed
PP
203
PDT Partners
New York
– -$1.24M -6,300 Closed
OTPPB
204
Ontario Teachers' Pension Plan Board
Ontario, Canada
– -$1.24M -6,280 Closed
SFI
205
Susquehanna Fundamental Investments
Pennsylvania
– -$767K -3,900 Closed
DZ Bank
206
DZ Bank
Germany
– -$570K -2,912 Closed
RWM
207
Ritholtz Wealth Management
New York
– -$560K -2,851 Closed
NAM
208
NorthCrest Asset Manangement
Minnesota
– -$435K -2,216 Closed
VF
209
Virtu Financial
New York
– -$434K -2,207 Closed
MFG
210
Menard Financial Group
Texas
– -$400K -2,036 Closed
DC
211
Davenport & Co
Virginia
– -$361K -1,838 Closed
HC
212
Henshaw Capital
Massachusetts
– -$327K -1,663 Closed
Two Sigma Advisers
213
Two Sigma Advisers
New York
– -$277K -1,408 Closed
HR
214
Hardy Reed
Mississippi
– -$248K -1,260 Closed
BNP Paribas Asset Management
215
BNP Paribas Asset Management
France
– -$202K -1,180 Closed
FAF
216
Första AP-fonden
Sweden
– -$216K -1,100 Closed
ECM
217
Evergreen Capital Management
Washington
– -$215K -1,096 Closed
IP
218
Intellectus Partners
California
– -$211K -1,075 Closed
XT
219
XTX Topco
Cayman Islands
– -$200K -1,019 Closed
Lazard Asset Management
220
Lazard Asset Management
New York
– -$32K -166 Closed
Optiver Holding
221
Optiver Holding
Netherlands
– -$28K -156 Closed
ACM
222
Aquatic Capital Management
Illinois
– -$20K -100 Closed
AII
223
AGF Investments Inc
Ontario, Canada
– -$8K -40 Closed
Simplex Trading
224
Simplex Trading
Illinois
– -$3K -19 Closed
5 6 7 8
9

FSV Hedge Fund Activity: Q1 2022 in Review

196 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2022, worth a combined $4.35B — down 20% from $5.45B a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of FSV and 20 opened new positions — a net loss of 8 holders — while 60 trimmed existing stakes and 87 added.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $134M. The largest seller was T. Rowe Price Associates, cutting an estimated $89.4M.

  • 196 institutional investors held FirstService (FSV) as of Q1 2022, down from 206 in Q4 2021.
  • Funds reported $4.35B of FirstService stock for Q1 2022, down 20% quarter-over-quarter.
  • 20 funds opened new FirstService positions in Q1 2022 and 28 closed out, a net change of -8 holders.
  • The largest FirstService buyer in Q1 2022 was Manulife (Manufacturers Life Insurance), an estimated $134M added.
  • The largest FirstService seller in Q1 2022 was T. Rowe Price Associates, an estimated $89.4M sold.

Based on aggregated 13F filings for Q1 2022.