FirstService
133 hedge funds and large institutions have $2.21B invested in FirstService in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 52 increasing their positions, 46 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
29% more capital invested
Capital invested by funds: $1.71B → $2.21B (+$501M)
13% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 46
6% more funds holding
Funds holding: 126 → 133 (+7)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.53% less ownership
Funds ownership: 71.71% → 71.17% (-0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$55M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$14.7M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$11.8M |
| 4 |
Neuberger Berman Group
New York
|
+$6.84M |
| 5 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
+$3.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$23.3M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$17.2M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$10.9M |
| 4 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$7.98M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$6.37M |
FSV Hedge Fund Activity: Q1 2019 in Review
133 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2019, worth a combined $2.21B — up 29% from $1.71B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FSV positions and 8 closed out — a net gain of 7 holders — while 52 added to existing stakes and 46 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $55M. The largest seller was Mackenzie Financial, exiting entirely with an estimated $23.3M sold.
- 133 institutional investors held FirstService (FSV) as of Q1 2019, up from 126 in Q4 2018.
- Funds reported $2.21B of FirstService stock for Q1 2019, up 29% quarter-over-quarter.
- 15 funds opened new FirstService positions in Q1 2019 and 8 closed out, a net change of +7 holders.
- The largest FirstService buyer in Q1 2019 was T. Rowe Price Associates, an estimated $55M added.
- The largest FirstService seller in Q1 2019 was Mackenzie Financial, an estimated $23.3M sold.
Based on aggregated 13F filings for Q1 2019.