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.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
7% more funds holding
Funds holding: 114 → 122 (+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: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$51.4M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$24M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$13.8M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$13.6M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$13.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$84.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$23.5M |
| 3 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$16.7M |
| 4 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$11.8M |
| 5 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
-$9.02M |
FSV Hedge Fund Activity: Q2 2018 in Review
122 of the 4,385 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.