FirstService
127 hedge funds and large institutions have $2.15B invested in FirstService in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 46 increasing their positions, 53 reducing their positions, and 18 closing their positions.
1.99% less ownership
Funds ownership: 68.88% → 66.89% (-2%)
9% less funds holding
Funds holding: 139 → 127 (-12)
13% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 53
17% less capital invested
Capital invested by funds: $2.59B → $2.15B (-$436M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
44% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$90.9M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$46.5M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$22.4M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$10.3M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$8.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$59.7M |
| 2 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$15.7M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
-$10.5M |
| 4 |
Morgan Stanley
New York
|
-$7.84M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$6.95M |
FSV Hedge Fund Activity: Q1 2020 in Review
127 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2020, worth a combined $2.15B — down 17% from $2.59B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FSV and 10 opened new positions — a net loss of 8 holders — while 53 trimmed existing stakes and 46 added.
The largest buyer was Durable Capital Partners, opening a new position worth an estimated $90.9M. The largest seller was T. Rowe Price Associates, cutting an estimated $59.7M.
- 127 institutional investors held FirstService (FSV) as of Q1 2020, down from 139 in Q4 2019.
- Funds reported $2.15B of FirstService stock for Q1 2020, down 17% quarter-over-quarter.
- 10 funds opened new FirstService positions in Q1 2020 and 18 closed out, a net change of -8 holders.
- The largest FirstService buyer in Q1 2020 was Durable Capital Partners, an estimated $90.9M added.
- The largest FirstService seller in Q1 2020 was T. Rowe Price Associates, an estimated $59.7M sold.
Based on aggregated 13F filings for Q1 2020.