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FirstService
FSV

236 hedge funds and large institutions have $4.86B invested in FirstService in 2023 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 96 increasing their positions, 63 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 16

52% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 63

9% more funds holding

Funds holding: 216 → 236 (+20)

8% more capital invested

Capital invested by funds: $4.49B → $4.86B (+$365M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.89% less ownership

Funds ownership: 71.56% → 70.67% (-0.89%)

11% less call options, than puts

Call options by funds: $786K | Put options by funds: $887K

Holders
236
Holders Change
+20
Holders Change %
+9.26%
% of All Funds
3.71%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
39
Increased
96
Reduced
63
Closed
16
Calls
$786K
Puts
$887K
Net Calls
-$101K
Net Calls Change
+$1.01M

Top Buyers

1
Fidelity International
Fidelity International
Bermuda
+$29.2M
2
American Century Companies
American Century Companies
Missouri
+$22.4M
3
QC
Quadrature Capital
United Kingdom
+$10.7M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$8.64M
5
Millennium Management
Millennium Management
New York
+$8.5M

Top Sellers

1
DCP
Durable Capital Partners
Maryland
-$83.8M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$67.3M
3
Ameriprise
Ameriprise
Minnesota
-$24.5M
4
FAM
Fred Alger Management
New York
-$15M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$6.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
DCP
1
Durable Capital Partners
Maryland
$514M -$83.8M -576,443 -15%
Manulife (Manufacturers Life Insurance)
2
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$444M -$67.3M -463,094 -14%
T. Rowe Price Investment Management
3
T. Rowe Price Investment Management
Maryland
$403M -$2.52M -17,302 -0.7%
Mackenzie Financial
4
Mackenzie Financial
Ontario, Canada
$310M +$2.54M +17,457 +0.9%
Neuberger Berman Group
5
Neuberger Berman Group
New York
$248M -$4.61M -31,690 -2%
Vanguard Group
6
Vanguard Group
Pennsylvania
$239M +$4.43M +30,469 +2%
CCA
7
Conestoga Capital Advisors
Pennsylvania
$208M -$214K -1,475 -0.1%
FAM
8
Fred Alger Management
New York
$202M -$15M -102,880 -7%
William Blair Investment Management
9
William Blair Investment Management
Illinois
$146M -$468K -3,221 -0.3%
Renaissance Technologies
10
Renaissance Technologies
New York
$103M -$1.34M -9,200 -1%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$99.5M +$8.64M +59,450 +10%
CIBC Asset Management
12
CIBC Asset Management
Ontario, Canada
$81.4M -$1.97M -13,531 -2%
Norges Bank
13
Norges Bank
Norway
$75.6M +$2.03M +13,957 +3%
CIBC World Market
14
CIBC World Market
Ontario, Canada
$72.2M -$1.25M -8,624 -2%
Fidelity International
15
Fidelity International
Bermuda
$68.3M +$29.2M +200,948 +83%
American Century Companies
16
American Century Companies
Missouri
$66.1M +$22.4M +154,192 +56%
RA
17
Royce & Associates
New York
$65.1M +$917K +6,309 +2%
1832 Asset Management
18
1832 Asset Management
Ontario, Canada
$64.3M -$457K -3,141 -0.7%
APG Asset Management
19
APG Asset Management
Netherlands
$60.9M -$1.19M -8,198 -2%
Bank of Nova Scotia
20
Bank of Nova Scotia
Ontario, Canada
$51.8M +$1.36M +9,353 +3%
Morgan Stanley
21
Morgan Stanley
New York
$51.1M +$1.97M +13,547 +4%
Bank of Montreal
22
Bank of Montreal
Ontario, Canada
$46.5M -$6.88M -47,353 -14%
Connor, Clark & Lunn Investment Management (CC&L)
23
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$45.9M +$3.4M +23,392 +9%
Envestnet Asset Management
24
Envestnet Asset Management
Illinois
$45.2M -$1.48M -10,201 -3%
National Bank of Canada
25
National Bank of Canada
Quebec, Canada
$43.8M +$342K +2,356 +0.8%
1
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FSV Hedge Fund Activity: Q2 2023 in Review

236 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q2 2023, worth a combined $4.86B — up 8.1% from $4.49B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new FSV positions and 16 closed out — a net gain of 23 holders — while 96 added to existing stakes and 63 trimmed.

The largest buyer was Fidelity International, adding an estimated $29.2M. The largest seller was Durable Capital Partners, cutting an estimated $83.8M.

  • 236 institutional investors held FirstService (FSV) as of Q2 2023, up from 216 in Q1 2023.
  • Funds reported $4.86B of FirstService stock for Q2 2023, up 8.1% quarter-over-quarter.
  • 39 funds opened new FirstService positions in Q2 2023 and 16 closed out, a net change of +23 holders.
  • The largest FirstService buyer in Q2 2023 was Fidelity International, an estimated $29.2M added.
  • The largest FirstService seller in Q2 2023 was Durable Capital Partners, an estimated $83.8M sold.

Based on aggregated 13F filings for Q2 2023.