FirstService
131 hedge funds and large institutions have $3.12B invested in FirstService in 2020 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 53 increasing their positions, 45 reducing their positions, and 9 closing their positions.
167% more funds holding in top 10
Funds holding in top 10: 3 → 8 (+5)
45% more capital invested
Capital invested by funds: $2.15B → $3.12B (+$972M)
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
18% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 45
3% more funds holding
Funds holding: 127 → 131 (+4)
2.7% more ownership
Funds ownership: 66.89% → 69.59% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$174M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$40.8M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$31M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$17.1M |
| 5 |
FAM
Fred Alger Management
New York
|
+$16.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$27M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$17M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$13M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$9.36M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$8.93M |
FSV Hedge Fund Activity: Q2 2020 in Review
131 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2020, worth a combined $3.12B — up 45% from $2.15B a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FSV positions and 9 closed out — a net gain of 4 holders — while 53 added to existing stakes and 45 trimmed.
The largest buyer was Durable Capital Partners, adding an estimated $174M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $27M sold.
- 131 institutional investors held FirstService (FSV) as of Q2 2020, up from 127 in Q1 2020.
- Funds reported $3.12B of FirstService stock for Q2 2020, up 45% quarter-over-quarter.
- 13 funds opened new FirstService positions in Q2 2020 and 9 closed out, a net change of +4 holders.
- The largest FirstService buyer in Q2 2020 was Durable Capital Partners, an estimated $174M added.
- The largest FirstService seller in Q2 2020 was 1832 Asset Management, an estimated $27M sold.
Based on aggregated 13F filings for Q2 2020.