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FirstService

139 hedge funds and large institutions have $2.59B invested in FirstService in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 64 increasing their positions, 43 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 43

6.84% more ownership

Funds ownership: 62.03%68.88% (+6.8%)

7% more capital invested

Capital invested by funds: $2.43B → $2.59B (+$159M)

6% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 18

2% less funds holding

Funds holding: 142139 (-3)

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

Holders
139
Holders Change
-3
Holders Change %
-2.11%
% of All Funds
2.74%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.08%
New
17
Increased
64
Reduced
43
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$531M -$38M -403,041 -7%
Mackenzie Financial
2
Mackenzie Financial
Ontario, Canada
$184M +$147M +1,558,120 +375%
Neuberger Berman Group
3
Neuberger Berman Group
New York
$143M +$13.8M +146,695 +11%
William Blair Investment Management
4
William Blair Investment Management
Illinois
$128M -$8.11M -86,134 -6%
Manulife (Manufacturers Life Insurance)
5
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$117M +$54.4M +577,393 +121%
FAM
6
Fred Alger Management
New York
$112M +$14.1M +149,707 +14%
Vanguard Group
7
Vanguard Group
Pennsylvania
$91.1M +$1.59M +16,849 +2%
Renaissance Technologies
8
Renaissance Technologies
New York
$90.3M -$1.54M -16,400 -2%
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$88.3M -$26.9M -285,299 -23%
VBA
10
Van Berkom & Associates
Quebec, Canada
$79M -$14.6M -154,938 -24%
CIBC Asset Management
11
CIBC Asset Management
Ontario, Canada
$74.6M +$15.7M +166,504 +26%
CCA
12
Conestoga Capital Advisors
Pennsylvania
$65.1M +$955K +10,143 +1%
Fiera Capital (Canada)
13
Fiera Capital (Canada)
Quebec, Canada
$61.7M +$1.07M +11,353 +2%
Norges Bank
14
Norges Bank
Norway
$56.3M +$7.99M +84,833 +22%
OCAM
15
Onex Canada Asset Management
Ontario, Canada
$44.3M +$45.7M +485,107 New
Ameriprise
16
Ameriprise
Minnesota
$38M +$2.08M +22,088 +6%
1832 Asset Management
17
1832 Asset Management
Ontario, Canada
$32.7M -$15.8K -168 -0%
American Century Companies
18
American Century Companies
Missouri
$31.8M +$3.98M +42,265 +14%
Morgan Stanley
19
Morgan Stanley
New York
$31M -$1.01M -10,738 -3%
BGC
20
Beutel, Goodman & Co
Ontario, Canada
$30.6M +$30.9M +328,490 New
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$25.9M -$2.16M -22,914 -8%
Janus Henderson Group
22
Janus Henderson Group
United Kingdom
$25.3M +$1.68M +17,857 +7%
MBI
23
Montrusco Bolton Investments
Quebec, Canada
$25.1M +$1.8M +19,132 +8%
CIBC World Market
24
CIBC World Market
Ontario, Canada
$24.5M +$2.81M +29,858 +13%
Connor, Clark & Lunn Investment Management (CC&L)
25
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$21.7M -$6.45M -68,500 -23%

FSV Hedge Fund Activity: Q4 2019 in Review

139 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q4 2019, worth a combined $2.59B — up 6.6% from $2.43B a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FSV and 17 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 64 added.

The largest buyer was Mackenzie Financial, adding an estimated $147M. The largest seller was T. Rowe Price Associates, cutting an estimated $38M.

  • 139 institutional investors held FirstService (FSV) as of Q4 2019, down from 142 in Q3 2019.
  • Funds reported $2.59B of FirstService stock for Q4 2019, up 6.6% quarter-over-quarter.
  • 17 funds opened new FirstService positions in Q4 2019 and 18 closed out, a net change of -1 holder.
  • The largest FirstService buyer in Q4 2019 was Mackenzie Financial, an estimated $147M added.
  • The largest FirstService seller in Q4 2019 was T. Rowe Price Associates, an estimated $38M sold.

Based on aggregated 13F filings for Q4 2019.