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FirstService
FSV

272 hedge funds and large institutions have $5.16B invested in FirstService in 2024 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 105 increasing their positions, 98 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 21

3% more funds holding

Funds holding: 264 → 272 (+8)

7% more repeat investments, than reductions

Existing positions increased: 105 | Existing positions reduced: 98

2% more capital invested

Capital invested by funds: $5.07B → $5.16B (+$84.1M)

0% more call options, than puts

Call options by funds: $365K | Put options by funds: $365K

0.96% less ownership

Funds ownership: 70.15% → 69.19% (-0.96%)

50% less funds holding in top 10

Funds holding in top 10: 8 → 4 (-4)

Holders
272
Holders Change
+8
Holders Change %
+3.03%
% of All Funds
3.92%
Holding in Top 10
4
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-50%
% of All Funds
0.06%
New
30
Increased
105
Reduced
98
Closed
21
Calls
$365K
Puts
$365K
Net Calls
–
Net Calls Change
+$4.36M

Top Buyers

1
Fidelity International
Fidelity International
Bermuda
+$40.6M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$37.4M
3
Invesco
Invesco
Georgia
+$30.1M
4
DCP
Durable Capital Partners
Maryland
+$29.8M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$26.9M

Top Sellers

1
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
-$79.3M
2
Morgan Stanley
Morgan Stanley
New York
-$66.4M
3
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$41.2M
4
Goldman Sachs
Goldman Sachs
New York
-$23.4M
5
FAM
Fred Alger Management
New York
-$17.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
DCP
1
Durable Capital Partners
Maryland
$503M +$29.8M +180,639 +6%
Manulife (Manufacturers Life Insurance)
2
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$424M +$37.4M +226,442 +10%
Mackenzie Financial
3
Mackenzie Financial
Ontario, Canada
$315M -$79.3M -480,824 -20%
T. Rowe Price Investment Management
4
T. Rowe Price Investment Management
Maryland
$313M -$41.2M -249,476 -12%
Vanguard Group
5
Vanguard Group
Pennsylvania
$274M +$12.6M +76,503 +5%
Neuberger Berman Group
6
Neuberger Berman Group
New York
$263M -$5.59M -33,863 -2%
CCA
7
Conestoga Capital Advisors
Pennsylvania
$229M +$2.55M +15,482 +1%
Fidelity International
8
Fidelity International
Bermuda
$171M +$40.6M +245,770 +31%
FAM
9
Fred Alger Management
New York
$162M -$17.5M -105,979 -10%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$148M +$26.9M +162,803 +22%
William Blair Investment Management
11
William Blair Investment Management
Illinois
$142M -$1.61M -9,748 -1%
Renaissance Technologies
12
Renaissance Technologies
New York
$103M -$3.94M -23,900 -4%
CIBC Asset Management
13
CIBC Asset Management
Ontario, Canada
$87.3M +$1.08M +6,520 +1%
Norges Bank
14
Norges Bank
Norway
$85.5M +$1.14M +6,890 +1%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$82.6M -$947K -5,738 -1%
CIBC World Market
16
CIBC World Market
Ontario, Canada
$78.8M -$139K -840 -0.2%
RA
17
Royce & Associates
New York
$76.3M +$1.6M +9,667 +2%
American Century Companies
18
American Century Companies
Missouri
$73.7M +$171K +1,037 +0.2%
Morgan Stanley
19
Morgan Stanley
New York
$71.7M -$66.4M -402,540 -48%
APG Asset Management
20
APG Asset Management
Netherlands
$68.6M +$5.16M +31,288 +8%
1832 Asset Management
21
1832 Asset Management
Ontario, Canada
$65.5M -$2.59M -15,718 -4%
Bank of Nova Scotia
22
Bank of Nova Scotia
Ontario, Canada
$60.8M +$752K +4,557 +1%
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$55.7M -$1.22M -7,380 -2%
National Bank of Canada
24
National Bank of Canada
Quebec, Canada
$52.3M +$4.18M +25,353 +8%
TD Asset Management
25
TD Asset Management
Ontario, Canada
$42.7M +$1.17M +7,084 +3%
1
2 3 4 5

FSV Hedge Fund Activity: Q1 2024 in Review

272 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2024, worth a combined $5.16B — up 1.7% from $5.07B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FSV positions and 21 closed out — a net gain of 9 holders — while 105 added to existing stakes and 98 trimmed.

The largest buyer was Fidelity International, adding an estimated $40.6M. The largest seller was Mackenzie Financial, cutting an estimated $79.3M.

  • 272 institutional investors held FirstService (FSV) as of Q1 2024, up from 264 in Q4 2023.
  • Funds reported $5.16B of FirstService stock for Q1 2024, up 1.7% quarter-over-quarter.
  • 30 funds opened new FirstService positions in Q1 2024 and 21 closed out, a net change of +9 holders.
  • The largest FirstService buyer in Q1 2024 was Fidelity International, an estimated $40.6M added.
  • The largest FirstService seller in Q1 2024 was Mackenzie Financial, an estimated $79.3M sold.

Based on aggregated 13F filings for Q1 2024.