FirstService
FSV
151 hedge funds and large institutions have $4.17B invested in FirstService in 2020 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 51 increasing their positions, 55 reducing their positions, and 7 closing their positions.
300% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 7
33% more capital invested
Capital invested by funds: $3.12B → $4.17B (+$1.04B)
15% more funds holding
Funds holding: 131 → 151 (+20)
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
1.35% more ownership
Funds ownership: 69.59% → 70.94% (+1.4%)
7% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$43.6M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$39.6M |
| 3 |
Morgan Stanley
New York
|
+$30.7M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$23.9M |
| 5 |
Capital World Investors
Los Angeles,
California
|
+$23.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$147M |
| 2 |
FAM
Fred Alger Management
New York
|
-$22M |
| 3 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
-$9.71M |
| 4 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$7.5M |
| 5 |
NEI
Northwest & Ethical Investments
Toronto,
Ontario, Canada
|
-$6.01M |
FSV Hedge Fund Activity: Q3 2020 in Review
151 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q3 2020, worth a combined $4.17B — up 33% from $3.12B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FSV positions and 7 closed out — a net gain of 21 holders — while 51 added to existing stakes and 55 trimmed.
The largest buyer was 1832 Asset Management, opening a new position worth an estimated $43.6M. The largest seller was Mackenzie Financial, cutting an estimated $147M.
- 151 institutional investors held FirstService (FSV) as of Q3 2020, up from 131 in Q2 2020.
- Funds reported $4.17B of FirstService stock for Q3 2020, up 33% quarter-over-quarter.
- 28 funds opened new FirstService positions in Q3 2020 and 7 closed out, a net change of +21 holders.
- The largest FirstService buyer in Q3 2020 was 1832 Asset Management, an estimated $43.6M added.
- The largest FirstService seller in Q3 2020 was Mackenzie Financial, an estimated $147M sold.
Based on aggregated 13F filings for Q3 2020.