FirstService
131 hedge funds and large institutions have $2.03B invested in FirstService in 2018 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 42 increasing their positions, 46 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
16% more capital invested
Capital invested by funds: $1.75B → $2.03B (+$287M)
7% more funds holding
Funds holding: 122 → 131 (+9)
3.01% more ownership
Funds ownership: 66.23% → 69.24% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
9% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$83.2M |
| 2 |
Janus Henderson Group
London,
|
+$20M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$12.5M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
+$7.45M |
| 5 |
FAM
Fred Alger Management
New York
|
+$6.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$14.7M |
| 2 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$14M |
| 3 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
-$10.1M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$8.76M |
| 5 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$5M |
FSV Hedge Fund Activity: Q3 2018 in Review
131 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q3 2018, worth a combined $2.03B — up 16% from $1.75B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FSV positions and 6 closed out — a net gain of 9 holders — while 42 added to existing stakes and 46 trimmed.
The largest buyer was Fiera Capital (Canada), adding an estimated $83.2M. The largest seller was Montrusco Bolton Investments, cutting an estimated $14.7M.
- 131 institutional investors held FirstService (FSV) as of Q3 2018, up from 122 in Q2 2018.
- Funds reported $2.03B of FirstService stock for Q3 2018, up 16% quarter-over-quarter.
- 15 funds opened new FirstService positions in Q3 2018 and 6 closed out, a net change of +9 holders.
- The largest FirstService buyer in Q3 2018 was Fiera Capital (Canada), an estimated $83.2M added.
- The largest FirstService seller in Q3 2018 was Montrusco Bolton Investments, an estimated $14.7M sold.
Based on aggregated 13F filings for Q3 2018.