Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Firstservice Corp New (FSV)

275 + 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
3Q ▼
Buyers last Q
48%

Smart Money Signals — FSV

Based on 277 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 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 — 88% of 3.0Y peak

88% of all-time peak
277 funds currently hold this stock — 88% of the 3.0-year high of 316 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 12% fewer funds vs a year ago

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

More sellers than buyers — 48% buying

150 buying165 selling
Last quarter: 165 funds reduced or exited vs 150 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new FSV position: 36 → 49 → 37 → 47. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 14% medium ■ 21% new
180 out of 277 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 — ~47 new funds/quarter

46 → 36 → 49 → 37 → 47 new funds/Q
New funds entering each quarter: 36 → 49 → 37 → 47. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 64% veterans vs 22% newcomers

■ 64% veterans ■ 14% 1-2yr ■ 22% new
Entry-cohort mix of 279 holders: 179 (64%) are 2+ year veterans, 40 entered 1–2 years ago, and 60 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
51 of 277 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 Q2, 150 hedge funds were net buyers of FSV (47 opened a new position, 103 added to an existing one), while 165 reduced or exited (102 trimmed, 63 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 35% of total institutional value in FSV is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 277.

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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 3 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
2.4
/ 10
conviction
Hedge Fund Positioning: FSV
275 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 275 293 -6.14%
13F Shares 32M 30M 4.73%
Total Value $4.50B $4.15B 8.44%
New Positions 46 37 +9
Increased Positions 102 119 -17
Closed Positions 64 51 +13
Reduced Positions 101 96 +5
Total Calls 1 3 -66.67%
Total Puts 1 2 -50.0%
PUT/CALL Ratio 1.0 0.67 Neutral

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 Q2)

275 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Lionstone Capital Management LLC 9.50% 290,920 $41.3M
2 Conestoga Capital Advisors, LLC 3.76% 1,216,997 $172.9M
3 Jacobson & Schmitt Advisors, LLC 3.30% 142,185 $20.2M
4 Catawba River Capital 3.19% 50,161 $7.1M
5 Langdon Equity Partners 2.89% 36,400 $5.2M
6 Norwood Investment Partners, LP 2.75% 14,000 $2.0M
7 Summit Creek Advisors LLC 2.38% 49,232 $7.0M
8 AltraVue Capital, LLC 2.31% 225,625 $32.1M
9 BCV Asset Management Inc. 2.17% 506,534 $72.0M
10 Orbis Allan Gray Ltd 1.98% 4,044,289 $574.7M
11 Nicola Wealth Management LTD. 1.62% 98,990 $14.1M
12 Ewing Morris & Co. Investment Partners Ltd. 1.49% 19,967 $2.8M
13 Third Avenue Management LLC 1.41% 61,951 $8.8M
14 Geneva Capital Management LLC 1.35% 415,689 $59.1M
15 Copeland Capital Management, LLC 1.02% 348,416 $49.5M
16 Louisbourg Investments INC. 0.82% 31,490 $4.5M
17 JCIC Asset Management Inc. 0.76% 17,915 $2.5M
18 Osterweis Capital Management Inc 0.61% 91,739 $13.0M
19 Legato Capital Management LLC 0.59% 49,915 $7.1M
20 Montrusco Bolton Investments INC. 0.56% 254,333 $36.2M
21 Royce & Associates LP 0.53% 466,428 $66.3M
22 Fenimore Asset Management Inc 0.36% 122,398 $17.4M
23 Picton Mahoney Asset Management 0.35% 330,064 $46.8M
24 Bank of Nova Scotia Trust Co 0.28% 23,685 $3.4M
25 CIBC Asset Management Inc 0.27% 861,424 $122.4M
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 — 3 quarters in a row: For 3 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?

More sellers than buyers — 48% buying: Last quarter: 165 funds reduced or exited vs 150 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for FSV holders?

Strong quality — 35% AUM from major funds: 51 of 277 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FSV?

65% of holders stayed for 2+ years: 180 out of 277 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.

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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