FirstService
102 hedge funds and large institutions have $914M invested in FirstService in 2016 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 28 reducing their positions, and 9 closing their positions.
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
32% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 28
5% more funds holding
Funds holding: 97 → 102 (+5)
4% more capital invested
Capital invested by funds: $875M → $914M (+$38.5M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$13.4M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$13.2M |
| 3 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$11.7M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$9.66M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$8.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$51.7M |
| 2 |
B
BloombergSen
Toronto,
Ontario, Canada
|
-$48.2M |
| 3 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$15.5M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
-$13.9M |
| 5 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$7.63M |
FSV Hedge Fund Activity: Q2 2016 in Review
102 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2016, worth a combined $914M — up 4.4% from $875M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FSV positions and 9 closed out — a net gain of 6 holders — while 37 added to existing stakes and 28 trimmed.
The largest buyer was Connor, Clark & Lunn Investment Management (CC&L), adding an estimated $13.4M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $51.7M sold.
- 102 institutional investors held FirstService (FSV) as of Q2 2016, up from 97 in Q1 2016.
- Funds reported $914M of FirstService stock for Q2 2016, up 4.4% quarter-over-quarter.
- 15 funds opened new FirstService positions in Q2 2016 and 9 closed out, a net change of +6 holders.
- The largest FirstService buyer in Q2 2016 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $13.4M added.
- The largest FirstService seller in Q2 2016 was Fiera Capital (Canada), an estimated $51.7M sold.
Based on aggregated 13F filings for Q2 2016.