FirstService
116 hedge funds and large institutions have $1.59B invested in FirstService in 2017 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 47 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
11% more capital invested
Capital invested by funds: $1.43B → $1.59B (+$158M)
7% more funds holding
Funds holding: 108 → 116 (+8)
0.1% more ownership
Funds ownership: 65.48% → 65.58% (+0.1%)
21% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
+$73.1M |
| 2 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$27.5M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$24.4M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$20.6M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$15.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$140M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$9.91M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$4.93M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$3.98M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$3.9M |
FSV Hedge Fund Activity: Q4 2017 in Review
116 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2017, worth a combined $1.59B — up 11% from $1.43B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FSV positions and 6 closed out — a net gain of 9 holders — while 37 added to existing stakes and 47 trimmed.
The largest buyer was Onex Canada Asset Management, opening a new position worth an estimated $73.1M. The largest seller was Van Berkom & Associates, cutting an estimated $140M.
- 116 institutional investors held FirstService (FSV) as of Q4 2017, up from 108 in Q3 2017.
- Funds reported $1.59B of FirstService stock for Q4 2017, up 11% quarter-over-quarter.
- 15 funds opened new FirstService positions in Q4 2017 and 6 closed out, a net change of +9 holders.
- The largest FirstService buyer in Q4 2017 was Onex Canada Asset Management, an estimated $73.1M added.
- The largest FirstService seller in Q4 2017 was Van Berkom & Associates, an estimated $140M sold.
Based on aggregated 13F filings for Q4 2017.