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FirstService

122 hedge funds and large institutions have $1.75B invested in FirstService in 2018 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 41 increasing their positions, 44 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

7% more funds holding

Funds holding: 114122 (+8)

1% more capital invested

Capital invested by funds: $1.73B → $1.75B (+$15.7M)

7% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 44

1.99% less ownership

Funds ownership: 68.22%66.23% (-2%)

50% less funds holding in top 10

Funds holding in top 10: 63 (-3)

Holders
122
Holders Change
+8
Holders Change %
+7.02%
% of All Funds
2.79%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.07%
New
15
Increased
41
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
$358M +$51.4M +716,824 +18%
William Blair Investment Management
2
William Blair Investment Management
Illinois
$103M -$152K -2,120 -0.2%
Connor, Clark & Lunn Investment Management (CC&L)
3
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$83.6M +$13.8M +192,780 +21%
VBA
4
Van Berkom & Associates
Quebec, Canada
$80.5M +$2.84M +39,629 +4%
FAM
5
Fred Alger Management
New York
$77.6M +$4.93M +68,846 +7%
Neuberger Berman Group
6
Neuberger Berman Group
New York
$76.5M -$2.7M -37,751 -4%
Renaissance Technologies
7
Renaissance Technologies
New York
$70M +$2.12M +29,634 +3%
Vanguard Group
8
Vanguard Group
Pennsylvania
$61.7M +$1.91M +26,638 +3%
OCAM
9
Onex Canada Asset Management
Ontario, Canada
$58.3M -$9.02M -125,890 -14%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$57M -$3.39M -47,325 -6%
PNC Financial Services Group
11
PNC Financial Services Group
Pennsylvania
$48.2M -$2.07M -28,902 -4%
CIBC Asset Management
12
CIBC Asset Management
Ontario, Canada
$43.6M +$13.6M +189,523 +49%
Manulife (Manufacturers Life Insurance)
13
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$37M +$13.6M +190,413 +64%
MBI
14
Montrusco Bolton Investments
Quebec, Canada
$35.8M -$6.06M -84,615 -15%
BGC
15
Beutel, Goodman & Co
Ontario, Canada
$29.4M -$306K -4,270 -1%
Norges Bank
16
Norges Bank
Norway
$27.1M
Fidelity International
17
Fidelity International
Bermuda
$25.4M +$24M +334,591 New
NEI
18
Northwest & Ethical Investments
Ontario, Canada
$23.6M +$43K +600 +0.2%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$21.9M -$4.47M -62,396 -18%
LCM
20
Lionstone Capital Management
New York
$21.4M -$3.65M -50,876 -15%
Morgan Stanley
21
Morgan Stanley
New York
$20.8M -$2.06M -28,774 -10%
1832 Asset Management
22
1832 Asset Management
Ontario, Canada
$19.9M +$1K +14 +0%
Mawer Investment Management
23
Mawer Investment Management
Alberta, Canada
$18.7M +$159K +2,214 +0.9%
Mackenzie Financial
24
Mackenzie Financial
Ontario, Canada
$18.1M +$2.75M +38,342 +19%
PM
25
Pembroke Management
Quebec, Canada
$17.2M -$3.4M -47,500 -22%

FSV Hedge Fund Activity: Q2 2018 in Review

122 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2018, worth a combined $1.75B — up 0.91% from $1.73B a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FSV positions and 6 closed out — a net gain of 9 holders — while 41 added to existing stakes and 44 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $51.4M. The largest seller was Fiera Capital (Canada), cutting an estimated $84.6M.

  • 122 institutional investors held FirstService (FSV) as of Q2 2018, up from 114 in Q1 2018.
  • Funds reported $1.75B of FirstService stock for Q2 2018, up 0.91% quarter-over-quarter.
  • 15 funds opened new FirstService positions in Q2 2018 and 6 closed out, a net change of +9 holders.
  • The largest FirstService buyer in Q2 2018 was T. Rowe Price Associates, an estimated $51.4M added.
  • The largest FirstService seller in Q2 2018 was Fiera Capital (Canada), an estimated $84.6M sold.

Based on aggregated 13F filings for Q2 2018.