FirstService
185 hedge funds and large institutions have $5.3B invested in FirstService in 2021 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 68 increasing their positions, 68 reducing their positions, and 12 closing their positions.
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
15% more capital invested
Capital invested by funds: $4.61B → $5.3B (+$697M)
3% more funds holding
Funds holding: 180 → 185 (+5)
0% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 68
0.13% less ownership
Funds ownership: 69.73% → 69.6% (-0.13%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APG Asset Management
Amsterdam,
Netherlands
|
+$60.4M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$28.1M |
| 3 |
FAM
Fred Alger Management
New York
|
+$25.7M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$14.2M |
| 5 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$47.6M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
-$42.7M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$16.6M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$14.7M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$13.2M |
FSV Hedge Fund Activity: Q2 2021 in Review
185 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2021, worth a combined $5.3B — up 15% from $4.61B a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FSV positions and 12 closed out — a net gain of 6 holders — while 68 added to existing stakes and 68 trimmed.
The largest buyer was APG Asset Management, opening a new position worth an estimated $60.4M. The largest seller was T. Rowe Price Associates, cutting an estimated $47.6M.
- 185 institutional investors held FirstService (FSV) as of Q2 2021, up from 180 in Q1 2021.
- Funds reported $5.3B of FirstService stock for Q2 2021, up 15% quarter-over-quarter.
- 18 funds opened new FirstService positions in Q2 2021 and 12 closed out, a net change of +6 holders.
- The largest FirstService buyer in Q2 2021 was APG Asset Management, an estimated $60.4M added.
- The largest FirstService seller in Q2 2021 was T. Rowe Price Associates, an estimated $47.6M sold.
Based on aggregated 13F filings for Q2 2021.