FirstService
142 hedge funds and large institutions have $2.52B invested in FirstService in 2019 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 54 increasing their positions, 52 reducing their positions, and 9 closing their positions.
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
4% more funds holding
Funds holding: 136 → 142 (+6)
4% more capital invested
Capital invested by funds: $2.42B → $2.52B (+$100M)
4% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 52
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.83% less ownership
Funds ownership: 62.86% → 62.03% (-0.83%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$45.1M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$31.4M |
| 3 |
Janus Henderson Group
London,
|
+$25.9M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$16M |
| 5 |
Neuberger Berman Group
New York
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
-$48.7M |
| 2 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$39.3M |
| 3 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$33.1M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$23.9M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$15.8M |
FSV Hedge Fund Activity: Q3 2019 in Review
142 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q3 2019, worth a combined $2.52B — up 4.1% from $2.42B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FSV positions and 9 closed out — a net gain of 6 holders — while 54 added to existing stakes and 52 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $45.1M. The largest seller was Onex Canada Asset Management, exiting entirely with an estimated $48.7M sold.
- 142 institutional investors held FirstService (FSV) as of Q3 2019, up from 136 in Q2 2019.
- Funds reported $2.52B of FirstService stock for Q3 2019, up 4.1% quarter-over-quarter.
- 15 funds opened new FirstService positions in Q3 2019 and 9 closed out, a net change of +6 holders.
- The largest FirstService buyer in Q3 2019 was Bank of Montreal, an estimated $45.1M added.
- The largest FirstService seller in Q3 2019 was Onex Canada Asset Management, an estimated $48.7M sold.
Based on aggregated 13F filings for Q3 2019.