FirstService
237 hedge funds and large institutions have $4.57B invested in FirstService in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 95 increasing their positions, 80 reducing their positions, and 20 closing their positions.
2,520% more call options, than puts
Call options by funds: $393K | Put options by funds: $15K
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
19% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 80
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
0% more funds holding
Funds holding: 236 → 237 (+1)
0.68% less ownership
Funds ownership: 70.67% → 69.98% (-0.68%)
6% less capital invested
Capital invested by funds: $4.86B → $4.57B (-$293M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$60M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$53.4M |
| 3 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$19.2M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$8.41M |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
+$8.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$73.6M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$50.2M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$20.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$17.8M |
| 5 |
FAM
Fred Alger Management
New York
|
-$12.9M |
FSV Hedge Fund Activity: Q3 2023 in Review
237 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q3 2023, worth a combined $4.57B — down 6% from $4.86B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FSV positions and 20 closed out — a net gain of 3 holders — while 95 added to existing stakes and 80 trimmed.
The largest buyer was Fidelity International, adding an estimated $60M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $73.6M.
- 237 institutional investors held FirstService (FSV) as of Q3 2023, up from 236 in Q2 2023.
- Funds reported $4.57B of FirstService stock for Q3 2023, down 6% quarter-over-quarter.
- 23 funds opened new FirstService positions in Q3 2023 and 20 closed out, a net change of +3 holders.
- The largest FirstService buyer in Q3 2023 was Fidelity International, an estimated $60M added.
- The largest FirstService seller in Q3 2023 was Manulife (Manufacturers Life Insurance), an estimated $73.6M sold.
Based on aggregated 13F filings for Q3 2023.