FirstService
126 hedge funds and large institutions have $1.71B invested in FirstService in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 50 increasing their positions, 40 reducing their positions, and 18 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 40
2.47% more ownership
Funds ownership: 69.24% → 71.71% (+2.5%)
4% less funds holding
Funds holding: 131 → 126 (-5)
16% less capital invested
Capital invested by funds: $2.03B → $1.71B (-$325M)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$43.3M |
| 2 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$36.7M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$16.7M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$14.6M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$36.3M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$23.5M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$15.1M |
| 4 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$9.89M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$8.34M |
FSV Hedge Fund Activity: Q4 2018 in Review
126 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2018, worth a combined $1.71B — down 16% from $2.03B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FSV and 14 opened new positions — a net loss of 4 holders — while 40 trimmed existing stakes and 50 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $43.3M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $36.3M.
- 126 institutional investors held FirstService (FSV) as of Q4 2018, down from 131 in Q3 2018.
- Funds reported $1.71B of FirstService stock for Q4 2018, down 16% quarter-over-quarter.
- 14 funds opened new FirstService positions in Q4 2018 and 18 closed out, a net change of -4 holders.
- The largest FirstService buyer in Q4 2018 was T. Rowe Price Associates, an estimated $43.3M added.
- The largest FirstService seller in Q4 2018 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $36.3M sold.
Based on aggregated 13F filings for Q4 2018.