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FirstService

108 hedge funds and large institutions have $1.43B invested in FirstService in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 39 increasing their positions, 44 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $1.35B → $1.43B (+$86M)

4.91% more ownership

Funds ownership: 60.57%65.48% (+4.9%)

2% less funds holding

Funds holding: 110108 (-2)

11% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 44

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
108
Holders Change
-2
Holders Change %
-1.82%
% of All Funds
2.69%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
4
Increased
39
Reduced
44
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$219M +$3.52M +53,837 +2%
VBA
2
Van Berkom & Associates
Quebec, Canada
$141M +$120M +1,843,223 +152%
William Blair Investment Management
3
William Blair Investment Management
Illinois
$83.6M -$14.8M -226,305 -15%
Fiera Capital (Canada)
4
Fiera Capital (Canada)
Quebec, Canada
$79.8M +$2.57M +39,292 +3%
Neuberger Berman Group
5
Neuberger Berman Group
New York
$68.1M +$17.1M +262,481 +34%
FAM
6
Fred Alger Management
New York
$54.9M +$49.4K +756 +0.1%
Renaissance Technologies
7
Renaissance Technologies
New York
$52.2M -$647K -9,900 -1%
PNC Financial Services Group
8
PNC Financial Services Group
Pennsylvania
$51.1M -$7.98M -122,223 -14%
Vanguard Group
9
Vanguard Group
Pennsylvania
$49.9M +$599K +9,171 +1%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$49M +$1.2M +18,428 +3%
Connor, Clark & Lunn Investment Management (CC&L)
11
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$39.9M -$2.3M -35,277 -5%
MBI
12
Montrusco Bolton Investments
Quebec, Canada
$37.3M +$2.82M +43,141 +8%
Norges Bank
13
Norges Bank
Norway
$25.1M
LCM
14
Lionstone Capital Management
New York
$24.1M -$5.61M -85,873 -19%
Fidelity Investments
15
Fidelity Investments
Massachusetts
$24M +$20.8M +318,992 +691%
Morgan Stanley
16
Morgan Stanley
New York
$22.2M -$3.23M -49,457 -13%
PM
17
Pembroke Management
Quebec, Canada
$22.1M -$1.88M -28,800 -10%
NEI
18
Northwest & Ethical Investments
Ontario, Canada
$20.7M +$102K +1,564 +0.5%
American Century Companies
19
American Century Companies
Missouri
$20.3M +$4.86M +74,426 +32%
GMI
20
Greystone Managed Investments
Saskatchewan, Canada
$18.9M -$8.7M -133,117 -32%
Mawer Investment Management
21
Mawer Investment Management
Alberta, Canada
$17.6M -$268K -4,100 -2%
1832 Asset Management
22
1832 Asset Management
Ontario, Canada
$16.2M +$55.5K +850 +0.3%
OSAM
23
O'Shaughnessy Asset Management
Connecticut
$14.7M -$1.73M -26,485 -11%
Manulife (Manufacturers Life Insurance)
24
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$14.6M +$11.8M +180,454 +436%
RA
25
Royce & Associates
New York
$14.6M -$588K -9,000 -4%

FSV Hedge Fund Activity: Q3 2017 in Review

108 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q3 2017, worth a combined $1.43B — up 6.4% from $1.35B a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FSV and 4 opened new positions — a net loss of 2 holders — while 44 trimmed existing stakes and 39 added.

The largest buyer was Van Berkom & Associates, adding an estimated $120M. The largest seller was William Blair Investment Management, cutting an estimated $14.8M.

  • 108 institutional investors held FirstService (FSV) as of Q3 2017, down from 110 in Q2 2017.
  • Funds reported $1.43B of FirstService stock for Q3 2017, up 6.4% quarter-over-quarter.
  • 4 funds opened new FirstService positions in Q3 2017 and 6 closed out, a net change of -2 holders.
  • The largest FirstService buyer in Q3 2017 was Van Berkom & Associates, an estimated $120M added.
  • The largest FirstService seller in Q3 2017 was William Blair Investment Management, an estimated $14.8M sold.

Based on aggregated 13F filings for Q3 2017.