FirstService
180 hedge funds and large institutions have $4.61B invested in FirstService in 2021 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 77 increasing their positions, 52 reducing their positions, and 15 closing their positions.
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
48% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 52
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
12% more capital invested
Capital invested by funds: $4.12B → $4.61B (+$482M)
6% more funds holding
Funds holding: 170 → 180 (+10)
1.57% more ownership
Funds ownership: 68.16% → 69.73% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$36.6M |
| 2 |
FAM
Fred Alger Management
New York
|
+$21.3M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$20.6M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$20.1M |
| 5 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
+$18.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$24.8M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$17.9M |
| 3 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$12.8M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$12.8M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$12.5M |
FSV Hedge Fund Activity: Q1 2021 in Review
180 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2021, worth a combined $4.61B — up 12% from $4.12B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FSV positions and 15 closed out — a net gain of 12 holders — while 77 added to existing stakes and 52 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $36.6M. The largest seller was Morgan Stanley, cutting an estimated $24.8M.
- 180 institutional investors held FirstService (FSV) as of Q1 2021, up from 170 in Q4 2020.
- Funds reported $4.61B of FirstService stock for Q1 2021, up 12% quarter-over-quarter.
- 27 funds opened new FirstService positions in Q1 2021 and 15 closed out, a net change of +12 holders.
- The largest FirstService buyer in Q1 2021 was Bank of Montreal, an estimated $36.6M added.
- The largest FirstService seller in Q1 2021 was Morgan Stanley, an estimated $24.8M sold.
Based on aggregated 13F filings for Q1 2021.