FirstService
110 hedge funds and large institutions have $1.35B invested in FirstService in 2017 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
6% more funds holding
Funds holding: 104 → 110 (+6)
3% more capital invested
Capital invested by funds: $1.31B → $1.35B (+$38.4M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
7% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 42
1.59% less ownership
Funds ownership: 62.16% → 60.57% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$22.2M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$12.1M |
| 3 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$11.2M |
| 4 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$10.2M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$9.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHIM
Spruce House Investment Management
New York
|
-$60.4M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$12.8M |
| 3 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$11.4M |
| 4 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$8.44M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$7.64M |
FSV Hedge Fund Activity: Q2 2017 in Review
110 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2017, worth a combined $1.35B — up 2.9% from $1.31B a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FSV positions and 7 closed out — a net gain of 7 holders — while 39 added to existing stakes and 42 trimmed.
The largest buyer was Fiera Capital (Canada), adding an estimated $22.2M. The largest seller was Spruce House Investment Management, exiting entirely with an estimated $60.4M sold.
- 110 institutional investors held FirstService (FSV) as of Q2 2017, up from 104 in Q1 2017.
- Funds reported $1.35B of FirstService stock for Q2 2017, up 2.9% quarter-over-quarter.
- 14 funds opened new FirstService positions in Q2 2017 and 7 closed out, a net change of +7 holders.
- The largest FirstService buyer in Q2 2017 was Fiera Capital (Canada), an estimated $22.2M added.
- The largest FirstService seller in Q2 2017 was Spruce House Investment Management, an estimated $60.4M sold.
Based on aggregated 13F filings for Q2 2017.