Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Firstservice Corp New (FSV)

290 + Investors. Track Smart Money conviction in FSV. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -16
Streak
2Q ▼
Buyers last Q
52%

Smart Money Signals — FSV

Based on 291 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their FSV positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
291 funds currently hold this stock — 92% of the 3.0-year high of 315 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
12 fewer hedge funds hold FSV compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 52% buying

158 buying147 selling
Last quarter: 158 funds bought or added vs 147 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 45 → 36 → 49 → 36. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 22% medium ■ 18% new
175 out of 291 hedge funds have held FSV for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~36 new funds/quarter

34 → 45 → 36 → 49 → 36 new funds/Q
New funds entering each quarter: 45 → 36 → 49 → 36. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 63% veterans vs 23% newcomers

■ 63% veterans ■ 14% 1-2yr ■ 23% new
Entry-cohort mix of 294 holders: 185 (63%) are 2+ year veterans, 40 entered 1–2 years ago, and 69 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
50 of 289 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in FSV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FSV

In 2026 Q1, 158 hedge funds were net buyers of FSV (36 opened a new position, 122 added to an existing one), while 147 reduced or exited (95 trimmed, 52 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 40% of total institutional value in FSV is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 291.

Hedge Fund Ownership: FSV

How many hedge funds hold FSV — quarterly history vs. share price
Quarterly hedge fund ownership of FSV vs. share price

Market Analysis: FSV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FSV

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Firstservice Corp New (FSV) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FSV has moved relative to its sector benchmark (XLRE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
FSV
-1.1%
XLRE
+7.5%

FSV outperformed XLRE by -8.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
FSV
+6.0%
XLRE
+1.5%

Since the filing became public, FSV outperformed XLRE by +4.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

20 top-rated funds 4 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: FSV
290 + Investors

Track Smart Money conviction in FSV. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 290 307 -5.54%
13F Shares 30M 32M -8.0%
Total Value $4.06B $4.99B -18.77%
New Positions 36 49 -13
Increased Positions 118 97 +21
Closed Positions 53 57 -4
Reduced Positions 95 113 -18
Total Calls 3 4 -25.0%
Total Puts 2 3 -33.33%
PUT/CALL Ratio 0.67 0.75 Bullish

Statistics: FSV

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

290 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FSV. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FSV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Lionstone Capital Management LLC 8.81% 261,955 $36.4M
2 Norwood Investment Partners, LP 5.84% 27,319 $3.8M
3 Grafton Street Partners Management Company, LLC 4.26% 51,347 $7.1M
4 Langdon Equity Partners 4.16% 40,000 $5.6M
5 Conestoga Capital Advisors, LLC 3.90% 1,405,564 $195.3M
6 Jacobson & Schmitt Advisors, LLC 3.73% 147,930 $20.6M
7 Catawba River Capital 3.29% 49,528 $6.8M
8 Summit Creek Advisors LLC 2.66% 93,072 $12.9M
9 BCV Asset Management Inc. 2.40% 504,115 $69.8M
10 Orbis Allan Gray Ltd 2.33% 3,968,227 $551.3M
11 Geneva Capital Management LLC 1.56% 527,572 $73.3M
12 AltraVue Capital, LLC 1.51% 126,255 $17.5M
13 Nicola Wealth Management LTD. 1.44% 86,090 $12.0M
14 Copeland Capital Management, LLC 1.14% 368,543 $51.2M
15 Third Avenue Management LLC 1.14% 50,452 $7.0M
16 Ewing Morris & Co. Investment Partners Ltd. 0.92% 14,700 $2.0M
17 Louisbourg Investments INC. 0.80% 30,387 $4.2M
18 JCIC Asset Management Inc. 0.76% 17,915 $2.5M
19 Royce & Associates LP 0.63% 456,642 $63.4M
20 Montrusco Bolton Investments INC. 0.55% 263,488 $36.5M
21 Osterweis Capital Management Inc 0.46% 64,884 $9.0M
22 Numerai GP LLC 0.46% 33,259 $4.6M
23 Fenimore Asset Management Inc 0.45% 144,177 $20.0M
24 Legato Capital Management LLC 0.34% 26,695 $3.7M
25 Sustainable Insight Capital Management, LLC 0.31% 6,538 $910K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Firstservice Corp New (FSV)

What does the Smart Money Trend signal show for FSV?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their FSV positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FSV?

Slight buying edge — 52% buying: Last quarter: 158 funds bought or added vs 147 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FSV holders?

Elite ownership — 40% AUM from top-100 funds: 50 of 289 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in FSV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FSV?

60% of holders stayed for 2+ years: 175 out of 291 hedge funds have held FSV for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Firstservice Corp New (FSV) following the 2026 Q1 hedge fund 13F filings?

As of today, FSV has moved +6.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.5% for the XLRE sector ETF — an outperformance of +4.5%. Since the quarter end (March 31, 2026), FSV has gained -1.1% vs +7.5% for XLRE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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