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.
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: 110 → 108 (-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: 5 → 4 (-1)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$120M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$20.8M |
| 3 |
Neuberger Berman Group
New York
|
+$17.1M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$11.8M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$4.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$14.8M |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$12.6M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$11.3M |
| 4 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$8.7M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$7.98M |
FSV Hedge Fund Activity: Q3 2017 in Review
108 of the 4,022 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.