FirstService
197 hedge funds and large institutions have $5.74B invested in FirstService in 2021 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 66 increasing their positions, 75 reducing their positions, and 6 closing their positions.
250% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 6
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
8% more capital invested
Capital invested by funds: $5.3B → $5.74B (+$438M)
6% more funds holding
Funds holding: 185 → 197 (+12)
1.46% more ownership
Funds ownership: 69.6% → 71.06% (+1.5%)
12% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 75
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$77.9M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$47.7M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$43.5M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$33.5M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$32.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$31.7M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$30.5M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$17.6M |
| 4 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$16.4M |
| 5 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$14M |
FSV Hedge Fund Activity: Q3 2021 in Review
197 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q3 2021, worth a combined $5.74B — up 8.3% from $5.3B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FSV positions and 6 closed out — a net gain of 15 holders — while 66 added to existing stakes and 75 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $77.9M. The largest seller was Beutel, Goodman & Co, exiting entirely with an estimated $31.7M sold.
- 197 institutional investors held FirstService (FSV) as of Q3 2021, up from 185 in Q2 2021.
- Funds reported $5.74B of FirstService stock for Q3 2021, up 8.3% quarter-over-quarter.
- 21 funds opened new FirstService positions in Q3 2021 and 6 closed out, a net change of +15 holders.
- The largest FirstService buyer in Q3 2021 was Manulife (Manufacturers Life Insurance), an estimated $77.9M added.
- The largest FirstService seller in Q3 2021 was Beutel, Goodman & Co, an estimated $31.7M sold.
Based on aggregated 13F filings for Q3 2021.