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FirstService

95 hedge funds and large institutions have $838M invested in FirstService in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 34 increasing their positions, 32 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 7

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

29% more capital invested

Capital invested by funds: $650M → $838M (+$188M)

9% more funds holding

Funds holding: 8795 (+8)

6% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 32

Holders
95
Holders Change
+8
Holders Change %
+9.2%
% of All Funds
2.49%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
16
Increased
34
Reduced
32
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
William Blair Investment Management
1
William Blair Investment Management
Illinois
$113M +$4.73M +128,255 +5%
SHIM
2
Spruce House Investment Management
New York
$99.1M
Fiera Capital (Canada)
3
Fiera Capital (Canada)
Quebec, Canada
$60.6M -$775K -21,028 -1%
VBA
4
Van Berkom & Associates
Quebec, Canada
$49.9M +$4.26M +115,500 +10%
PM
5
Pembroke Management
Quebec, Canada
$34.9M -$3.69K -100 -0%
WC
6
Weatherbie Capital
Massachusetts
$31M -$1.39M -37,719 -5%
LCM
7
Lionstone Capital Management
New York
$29.4M
PNC Financial Services Group
8
PNC Financial Services Group
Pennsylvania
$26.9M +$3.62M +98,193 +17%
Mawer Investment Management
9
Mawer Investment Management
Alberta, Canada
$22.6M -$475K -12,900 -2%
IGIM
10
I.G. Investment Management
Manitoba, Canada
$21.1M -$74.9K -2,032 -0.4%
KCM
11
Kornitzer Capital Management
Kansas
$20.9M -$7.38M -200,125 -28%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$20.8M +$361K +9,800 +2%
Renaissance Technologies
13
Renaissance Technologies
New York
$20.2M +$1.7M +46,121 +10%
Vanguard Group
14
Vanguard Group
Pennsylvania
$19.2M +$1.2M +32,632 +7%
Bank of Montreal
15
Bank of Montreal
Ontario, Canada
$18.8M +$13.8M +373,120 +410%
AII
16
AGF Investments Inc
Ontario, Canada
$18.2M +$1.83M +49,666 +12%
1832 Asset Management
17
1832 Asset Management
Ontario, Canada
$16.7M -$4.79M -130,100 -24%
American Century Companies
18
American Century Companies
Missouri
$16.2M -$1.65M -44,637 -10%
Connor, Clark & Lunn Investment Management (CC&L)
19
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$15.4M -$1.23M -33,250 -8%
AIMCA
20
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$14.7M +$369K +10,000 +4%
GMI
21
Greystone Managed Investments
Saskatchewan, Canada
$12.9M -$4.53M -122,826 -28%
NEI
22
Northwest & Ethical Investments
Ontario, Canada
$11.2M -$1.33M -36,184 -12%
MBI
23
Montrusco Bolton Investments
Quebec, Canada
$11.1M -$1.16M -31,395 -10%
Public Sector Pension Investment Board (PSP Investments)
24
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$10.2M -$40.5K -1,100 -0.4%
CIBC World Market
25
CIBC World Market
Ontario, Canada
$9.38M +$3.03M +82,134 +55%

FSV Hedge Fund Activity: Q4 2015 in Review

95 of the 3,811 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2015, worth a combined $838M — up 29% from $650M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FSV positions and 7 closed out — a net gain of 9 holders — while 34 added to existing stakes and 32 trimmed.

The largest buyer was Bank of Montreal, adding an estimated $13.8M. The largest seller was Kornitzer Capital Management, cutting an estimated $7.38M.

  • 95 institutional investors held FirstService (FSV) as of Q4 2015, up from 87 in Q3 2015.
  • Funds reported $838M of FirstService stock for Q4 2015, up 29% quarter-over-quarter.
  • 16 funds opened new FirstService positions in Q4 2015 and 7 closed out, a net change of +9 holders.
  • The largest FirstService buyer in Q4 2015 was Bank of Montreal, an estimated $13.8M added.
  • The largest FirstService seller in Q4 2015 was Kornitzer Capital Management, an estimated $7.38M sold.

Based on aggregated 13F filings for Q4 2015.