FirstService
114 hedge funds and large institutions have $1.73B invested in FirstService in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 10 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
9% more capital invested
Capital invested by funds: $1.59B → $1.73B (+$139M)
2.64% more ownership
Funds ownership: 65.58% → 68.22% (+2.6%)
2% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 43
2% less funds holding
Funds holding: 116 → 114 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$22M |
| 2 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$21.4M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$14.5M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$13.5M |
| 5 |
FAM
Fred Alger Management
New York
|
+$8.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
-$11.7M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$8.34M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$6.51M |
| 4 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$6.18M |
| 5 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$3.98M |
FSV Hedge Fund Activity: Q1 2018 in Review
114 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2018, worth a combined $1.73B — up 8.7% from $1.59B a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FSV and 9 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 42 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $22M. The largest seller was Onex Canada Asset Management, cutting an estimated $11.7M.
- 114 institutional investors held FirstService (FSV) as of Q1 2018, down from 116 in Q4 2017.
- Funds reported $1.73B of FirstService stock for Q1 2018, up 8.7% quarter-over-quarter.
- 9 funds opened new FirstService positions in Q1 2018 and 10 closed out, a net change of -1 holder.
- The largest FirstService buyer in Q1 2018 was T. Rowe Price Associates, an estimated $22M added.
- The largest FirstService seller in Q1 2018 was Onex Canada Asset Management, an estimated $11.7M sold.
Based on aggregated 13F filings for Q1 2018.