FirstService
95 hedge funds and large institutions have $839M 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.
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: 3 → 4 (+1)
29% more capital invested
Capital invested by funds: $651M → $839M (+$188M)
9% more funds holding
Funds holding: 87 → 95 (+8)
6% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$13.8M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
+$4.73M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$4.26M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$3.68M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$3.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$7.38M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$6.84M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$4.79M |
| 4 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$4.53M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$1.65M |
FSV Hedge Fund Activity: Q4 2015 in Review
95 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2015, worth a combined $839M — up 29% from $651M 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 $839M 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.