FirstService
193 hedge funds and large institutions have $3.82B invested in FirstService in 2022 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 69 increasing their positions, 74 reducing their positions, and 18 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
3.16% more ownership
Funds ownership: 68.17% → 71.33% (+3.2%)
7% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 74
2% less funds holding
Funds holding: 196 → 193 (-3)
11% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 18
12% less capital invested
Capital invested by funds: $4.36B → $3.82B (-$534M)
71% less call options, than puts
Call options by funds: $1.52M | Put options by funds: $5.27M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$84.5M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$59M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$34M |
| 4 |
RA
Royce & Associates
New York
|
+$16.7M |
| 5 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$12.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$25.3M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$15M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$8.66M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$7.09M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
-$6.63M |
FSV Hedge Fund Activity: Q2 2022 in Review
193 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2022, worth a combined $3.82B — down 12% from $4.36B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FSV and 16 opened new positions — a net loss of 2 holders — while 74 trimmed existing stakes and 69 added.
The largest buyer was Mackenzie Financial, adding an estimated $84.5M. The largest seller was Fred Alger Management, cutting an estimated $25.3M.
- 193 institutional investors held FirstService (FSV) as of Q2 2022, down from 196 in Q1 2022.
- Funds reported $3.82B of FirstService stock for Q2 2022, down 12% quarter-over-quarter.
- 16 funds opened new FirstService positions in Q2 2022 and 18 closed out, a net change of -2 holders.
- The largest FirstService buyer in Q2 2022 was Mackenzie Financial, an estimated $84.5M added.
- The largest FirstService seller in Q2 2022 was Fred Alger Management, an estimated $25.3M sold.
Based on aggregated 13F filings for Q2 2022.