FirstService
298 hedge funds and large institutions have $4.43B invested in FirstService in 2026 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 117 increasing their positions, 97 reducing their positions, and 46 closing their positions.
1,369% more call options, than puts
Call options by funds: $13.3M | Put options by funds: $903K
21% more repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 97
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
9% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 46
1.99% less ownership
Funds ownership: 71.12% → 69.13% (-2%)
3% less funds holding
Funds holding: 306 → 298 (-8)
13% less capital invested
Capital invested by funds: $5.1B → $4.43B (-$671M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$302M |
| 2 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$61M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$35.5M |
| 4 |
Janus Henderson Group
London,
|
+$33.5M |
| 5 |
BAM
BCV Asset Management
Winnipeg,
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$131M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$68.1M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$67.9M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$59.4M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$52.3M |
FSV Hedge Fund Activity: Q1 2026 in Review
298 of the 8,177 institutional investors tracked by Wall St. Rank reported a position in FirstService (FSV) for Q1 2026, worth a combined $4.43B — down 13% from $5.1B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of FSV and 42 opened new positions — a net loss of 4 holders — while 97 trimmed existing stakes and 117 added.
The largest buyer was Orbis Allan Gray, adding an estimated $302M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $131M.
- 298 institutional investors held FirstService (FSV) as of Q1 2026, down from 306 in Q4 2025.
- Funds reported $4.43B of FirstService stock for Q1 2026, down 13% quarter-over-quarter.
- 42 funds opened new FirstService positions in Q1 2026 and 46 closed out, a net change of -4 holders.
- The largest FirstService buyer in Q1 2026 was Orbis Allan Gray, an estimated $302M added.
- The largest FirstService seller in Q1 2026 was Manulife (Manufacturers Life Insurance), an estimated $131M sold.
Based on aggregated 13F filings for Q1 2026.