FirstService
104 hedge funds and large institutions have $1.31B invested in FirstService in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 43 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
30% more capital invested
Capital invested by funds: $1.01B → $1.31B (+$301M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
5% more funds holding
Funds holding: 99 → 104 (+5)
1.3% more ownership
Funds ownership: 60.85% → 62.16% (+1.3%)
28% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$90.8M |
| 2 |
FAM
Fred Alger Management
New York
|
+$50M |
| 3 |
Neuberger Berman Group
New York
|
+$40.3M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$11.2M |
| 5 |
Renaissance Technologies
New York
|
+$9.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHIM
Spruce House Investment Management
New York
|
-$78.2M |
| 2 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$16.6M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$14.6M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$5.38M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$5.38M |
FSV Hedge Fund Activity: Q1 2017 in Review
104 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2017, worth a combined $1.31B — up 30% from $1.01B a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FSV positions and 3 closed out — a net gain of 8 holders — while 31 added to existing stakes and 43 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $90.8M. The largest seller was Spruce House Investment Management, cutting an estimated $78.2M.
- 104 institutional investors held FirstService (FSV) as of Q1 2017, up from 99 in Q4 2016.
- Funds reported $1.31B of FirstService stock for Q1 2017, up 30% quarter-over-quarter.
- 11 funds opened new FirstService positions in Q1 2017 and 3 closed out, a net change of +8 holders.
- The largest FirstService buyer in Q1 2017 was T. Rowe Price Associates, an estimated $90.8M added.
- The largest FirstService seller in Q1 2017 was Spruce House Investment Management, an estimated $78.2M sold.
Based on aggregated 13F filings for Q1 2017.