FirstService
136 hedge funds and large institutions have $2.42B invested in FirstService in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 47 reducing their positions, and 14 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
9% more capital invested
Capital invested by funds: $2.21B → $2.42B (+$209M)
2% more funds holding
Funds holding: 133 → 136 (+3)
4% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 47
8.31% less ownership
Funds ownership: 71.17% → 62.86% (-8.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$39.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$19.7M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$17.1M |
| 4 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$14.2M |
| 5 |
JP Morgan Chase
New York
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$30.8M |
| 2 |
Janus Henderson Group
London,
|
-$24.5M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$18.7M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$13M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$11.8M |
FSV Hedge Fund Activity: Q2 2019 in Review
136 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2019, worth a combined $2.42B — up 9.5% from $2.21B a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FSV positions and 14 closed out — a net gain of 3 holders — while 49 added to existing stakes and 47 trimmed.
The largest buyer was Mackenzie Financial, opening a new position worth an estimated $39.1M. The largest seller was PNC Financial Services Group, cutting an estimated $30.8M.
- 136 institutional investors held FirstService (FSV) as of Q2 2019, up from 133 in Q1 2019.
- Funds reported $2.42B of FirstService stock for Q2 2019, up 9.5% quarter-over-quarter.
- 17 funds opened new FirstService positions in Q2 2019 and 14 closed out, a net change of +3 holders.
- The largest FirstService buyer in Q2 2019 was Mackenzie Financial, an estimated $39.1M added.
- The largest FirstService seller in Q2 2019 was PNC Financial Services Group, an estimated $30.8M sold.
Based on aggregated 13F filings for Q2 2019.