FirstService
97 hedge funds and large institutions have $875M invested in FirstService in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 38 increasing their positions, 36 reducing their positions, and 9 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
2% more funds holding
Funds holding: 95 → 97 (+2)
6% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 36
4% more capital invested
Capital invested by funds: $839M → $875M (+$35.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
BloombergSen
Toronto,
Ontario, Canada
|
+$44.7M |
| 2 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
+$19.7M |
| 3 |
RA
Royce & Associates
New York
|
+$6.08M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$5.41M |
| 5 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$3.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$18M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$9.19M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$8.8M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$8.53M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$8.37M |
FSV Hedge Fund Activity: Q1 2016 in Review
97 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2016, worth a combined $875M — up 4.3% from $839M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FSV positions and 9 closed out — a net gain of 2 holders — while 38 added to existing stakes and 36 trimmed.
The largest buyer was BloombergSen, opening a new position worth an estimated $44.7M. The largest seller was Fidelity Investments, cutting an estimated $18M.
- 97 institutional investors held FirstService (FSV) as of Q1 2016, up from 95 in Q4 2015.
- Funds reported $875M of FirstService stock for Q1 2016, up 4.3% quarter-over-quarter.
- 11 funds opened new FirstService positions in Q1 2016 and 9 closed out, a net change of +2 holders.
- The largest FirstService buyer in Q1 2016 was BloombergSen, an estimated $44.7M added.
- The largest FirstService seller in Q1 2016 was Fidelity Investments, an estimated $18M sold.
Based on aggregated 13F filings for Q1 2016.