Vault-13

FIRSTSERVICE CORP NEW FSV

COM · Common Stock · CUSIP 33767E202 · ISIN CA33767E2024

323 institutional holders +7 vs Q1 2025
31,042,47831.0m shares reported held*
$5.4bnreported value*
36 new 122 added 109 reduced 27 sold out net bought ≈ $169.3m (+969.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($42.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $174.89. Options: 1 managers hold calls ($0 notional), 2 hold puts ($17.5k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 195Q4 22: 197Q1 23: 214Q2 23: 238Q3 23: 239Q4 23: 267Q1 24: 271Q2 24: 271Q3 24: 287Q4 24: 311Q1 25: 316Q2 25: 323323Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022195
Q4 2022197
Q1 2023214
Q2 2023238
Q3 2023239
Q4 2023267
Q1 2024271
Q2 2024271
Q3 2024287
Q4 2024311
Q1 2025316
Q2 2025323

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 115 bought or addedQ3 23: 101 cut or sold outQ4 23: 132 bought or addedQ4 23: 98 cut or sold outQ4 23Q1 24: 131 bought or addedQ1 24: 121 cut or sold outQ2 24: 142 bought or addedQ2 24: 114 cut or sold outQ2 24Q3 24: 154 bought or addedQ3 24: 99 cut or sold outQ4 24: 145 bought or addedQ4 24: 120 cut or sold outQ4 24Q1 25: 154 bought or addedQ1 25: 130 cut or sold outQ2 25: 158 bought or addedQ2 25: 136 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023115101
Q4 202313298
Q1 2024131121
Q2 2024142114
Q3 202415499
Q4 2024145120
Q1 2025154130
Q2 2025158136

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ3 24 calls: $1.0mQ3 24 puts: $774.4kQ3 24P/C 0.76Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $16.6kQ1 25 puts: $199.1kQ1 25P/C 12.00Q2 25 calls: $0Q2 25 puts: $17.5kQ2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$1.0m$774.4k0.76
Q4 2024$0$0—
Q1 2025$16.6k$199.1k12.00
Q2 2025$0$17.5k—

Biggest buyers

MACKENZIE FINANCIAL CORP Added +740,583+740.6k
ROYAL BANK OF CANADA Added +646,126+646.1k
PICTON MAHONEY ASSET MANAGEMENT New +322,371+322.4k
JANUS HENDERSON GROUP PLC Added +248,637+248.6k
DEUTSCHE BANK AG\ New +131,165+131.2k
VOYA INVESTMENT MANAGEMENT LLC New +125,737+125.7k
ACADIAN ASSET MANAGEMENT LLC Added +100,300+100.3k
MILLENNIUM MANAGEMENT LLC New +80,533+80.5k
GOLDMAN SACHS GROUP INC Added +65,087+65.1k
BLAIR WILLIAM & CO/IL Added +52,748+52.7k

Biggest sellers

Connor, Clark & Lunn Investment Management Ltd. Reduced -393,276-393.3k
AMERICAN CENTURY COMPANIES INC Reduced -285,657-285.7k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -214,761-214.8k
Durable Capital Partners LP Reduced -193,148-193.1k
Focus Partners Wealth Sold out -176,141-176.1k
Invesco Ltd. Reduced -129,719-129.7k
FRED ALGER MANAGEMENT, LLC Reduced -91,789-91.8k
BANK OF AMERICA CORP /DE/ Reduced -63,449-63.4k
TD Asset Management Inc Reduced -56,262-56.3k
CIBC Asset Management Inc Reduced -44,104-44.1k

Biggest calls

Biggest puts

GROUP ONE TRADING LLC Unchanged $17.5k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
ORBIS INVESTMENT MANAGEMENT LTD 13G · institution -0.2 pts · filed 2026-08-14 7.3% -0.2 pts 3.4m≈ $476.3m 2026-08-14

Fell to 5% or below in the last year: 1832 Asset Management L.P. (4.7%, 2026-10-21)

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Durable Capital Partners LP 2.60% of their portfolio Bethesda, MD 1,963,5652.0m $342.9m $342.9m 2.60% Reduced -193.1k -193,148
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 1,859,0881.9m $324.4m $324.4m 0.01% Added +43.5k +43,540
3 NEUBERGER BERMAN GROUP LLC 0.21% of their portfolio NEW YORK, NY 1,528,6151.5m $266.9m $266.9m 0.21% Reduced -38.9k -38,855
4 MACKENZIE FINANCIAL CORP 0.33% of their portfolio TORONTO ONTARIO, A6 1,475,4631.5m $257.6m $257.6m 0.33% Added +740.6k +740,583
5 Orbis Allan Gray Ltd 1.21% of their portfolio HamiltoN, D0 1,423,8701.4m $248.6m $248.6m 1.21% Added +6.7k +6,680
6 Conestoga Capital Advisors, LLC 3.62% of their portfolio WAYNE, PA 1,402,5401.4m $244.9m $244.9m 3.62% Reduced -41.1k -41,079
7 FIL Ltd 0.17% of their portfolio HAMILTON, D0 1,110,0741.1m $193.7m $193.7m 0.17% Added +20.3k +20,295
8 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,107,1561.1m $193.3m $193.3m 0.02% Added +646.1k +646,126
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 913,056913.1k $159.4m $159.4m 0.01% Added +1.4k +1,354
10 T. Rowe Price Investment Management, Inc. 0.10% of their portfolio BALTIMORE, MD 885,857885.9k $154.7m $154.7m 0.10% Reduced -24.6k -24,611
11 JANUS HENDERSON GROUP PLC 0.06% of their portfolio LONDON, X0 726,683726.7k $126.9m $126.9m 0.06% Added +248.6k +248,637
12 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 717,978718.0k $125.4m $125.4m 0.01% Added +46.5k +46,547
13 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio Toronto, A6 599,874599.9k $104.1m $104.1m 0.09% Reduced -214.8k -214,761
14 RENAISSANCE TECHNOLOGIES LLC 0.14% of their portfolio NEW YORK, NY 596,040596.0k $104.1m $104.1m 0.14% Reduced -41.2k -41,248
15 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 586,891586.9k $102.5m $102.5m 0.03% Added +47.7k +47,696
16 NORGES BANK 0.01% of their portfolio OSLO, Q8 537,776537.8k $93.9m $93.9m 0.01% Reduced -6.7k -6,714
17 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.24% of their portfolio CHICAGO, IL 511,487511.5k $89.3m $89.3m 0.24% Added +5.5k +5,542
18 FRED ALGER MANAGEMENT, LLC 0.38% of their portfolio NEW YORK, NY 482,711482.7k $84.4m $84.4m 0.38% Reduced -91.8k -91,789
19 CIBC WORLD MARKET INC. 0.17% of their portfolio TORONTO, A6 449,735449.7k $78.5m $78.5m 0.17% Reduced -22.4k -22,418
20 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 433,759433.8k $79.2m $79.2m 0.01% Added +46.3k +46,333
21 1832 Asset Management L.P. 0.12% of their portfolio TORONTO, A6 409,322409.3k $71.5m $71.5m 0.12% Reduced -620 -620
22 CIBC Asset Management Inc 0.22% of their portfolio TORONTO, Z4 405,934405.9k $71.1m $71.1m 0.22% Reduced -44.1k -44,104
23 GENEVA CAPITAL MANAGEMENT LLC 1.12% of their portfolio MILWAUKEE, WI 384,665384.7k $67.2m $67.2m 1.12% Added +22.4k +22,372
24 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 383,735383.7k $67.0m $67.0m 0.01% Added +65.1k +65,087
25 ROYCE & ASSOCIATES LP 0.64% of their portfolio New York, NY 357,433357.4k $62.4m $62.4m 0.64% Added +4.6k +4,584
26 Copeland Capital Management, LLC 1.27% of their portfolio Conshohocken, PA 352,369352.4k $61.5m $61.5m 1.27% Reduced -30.5k -30,483
27 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 326,221326.2k $56.7m $56.7m 0.03% Reduced -36.5k -36,453
28 NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio MONTREAL, A8 322,557322.6k $56.1m $56.1m 0.06% Added +25.3k +25,267
29 PICTON MAHONEY ASSET MANAGEMENT 0.79% of their portfolio Toronto, A6 322,371322.4k $56.0m $56.0m 0.79% New
30 TD Asset Management Inc 0.04% of their portfolio Toronto, A6 279,280279.3k $48.7m $48.7m 0.04% Reduced -56.3k -56,262
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 275,849275.8k $48.2m $48.2m 0.00% Added +5.3k +5,339
32 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 252,865252.9k $44.1m $44.1m 0.02% Reduced -285.7k -285,657
33 Baskin Financial Services Inc. 3.33% of their portfolio TORONTO, A6 252,070252.1k $44.0m $44.0m 3.33% Added +220 +220
34 Fiera Capital Corp 0.15% of their portfolio MONTREAL, A8 251,044251.0k $43.7m $43.7m 0.15% Reduced -17.9k -17,891
35 CAPTRUST FINANCIAL ADVISORS 0.09% of their portfolio RALEIGH, NC 240,795240.8k $42.0m $42.0m 0.09% Added +1.2k +1,162
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 221,953222.0k $38.8m $38.8m 0.00% Reduced -63.4k -63,449
37 Lionstone Capital Management LLC 9.07% of their portfolio NEW YORK, NY 216,200216.2k $37.8m $37.8m 9.07% Unchanged
38 BROWN ADVISORY INC 0.05% of their portfolio BALTIMORE, MD 210,281210.3k $36.7m $36.7m 0.05% Added +26.4k +26,351
39 Clearbridge Investments, LLC 0.03% of their portfolio NEW YORK, NY 205,407205.4k $35.9m $35.9m 0.03% Reduced -11.0k -11,031
40 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio BOSTON, MA 199,751199.8k $34.9m $34.9m 0.02% Reduced -10.5k -10,498
41 BESSEMER GROUP INC 0.05% of their portfolio WOODBRIDGE, NJ 192,351192.4k $33.6m $33.6m 0.05% Added +26.1k +26,146
42 Legal & General Group Plc 0.01% of their portfolio London, X0 183,986184.0k $32.0m $32.0m 0.01% Added +19.0k +18,989
43 ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio Boston, MA 176,700176.7k $30.8m $30.8m 0.06% Added +100.3k +100,300
44 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 170,788170.8k $29.8m $29.8m 0.01% Added +4.2k +4,210
45 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 160,565160.6k $28.0m $28.0m 0.01% Reduced -28.8k -28,822
46 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 157,271157.3k $27.5m $27.5m 0.02% Unchanged
47 BANK OF NOVA SCOTIA 0.05% of their portfolio TORONTO, A6 149,400149.4k $26.1m $26.1m 0.05% Reduced -11.7k -11,699
48 BLAIR WILLIAM & CO/IL 0.07% of their portfolio CHICAGO, IL 145,399145.4k $25.4m $25.4m 0.07% Added +52.7k +52,748
49 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 144,823144.8k $25.3m $25.3m 0.01% Reduced -2.8k -2,842
50 Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio VANCOUVER, A1 140,109140.1k $24.4m $24.4m 0.09% Reduced -393.3k -393,276
51 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 131,165131.2k $22.9m $22.9m 0.01% New
52 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 125,737125.7k $22.0m $22.0m 0.02% New
53 Swiss National Bank 0.01% of their portfolio ZURICH, V8 124,300124.3k $21.6m $21.6m 0.01% Added +8.7k +8,700
54 AltraVue Capital, LLC 1.89% of their portfolio BELLEVUE, WA 123,475123.5k $21.6m $21.6m 1.89% Added +4.3k +4,340
55 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 119,116119.1k $20.8m $20.8m 0.03% Added +1.5k +1,460
56 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 118,416118.4k $20.7m $20.7m 0.01% Reduced -2.6k -2,622
57 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 116,180116.2k $20.4m $20.4m 0.01% Added +8.4k +8,397
58 Summit Creek Advisors LLC 2.58% of their portfolio MINNEAPOLIS, MN 105,990106.0k $18.5m $18.5m 2.58% Reduced -9.3k -9,255
59 TD Waterhouse Canada Inc. 0.13% of their portfolio TORONTO, A6 105,353105.4k $18.5m $18.5m 0.13% Added +15.1k +15,061
60 OSTERWEIS CAPITAL MANAGEMENT INC 0.86% of their portfolio SAN FRANCISCO, CA 102,698102.7k $17.9m $17.9m 0.86% Reduced -9.0k -9,030
61 MONTRUSCO BOLTON INVESTMENTS INC. 0.20% of their portfolio MONTREAL, A8 101,296101.3k $17.6m $17.6m 0.20% Added +7.8k +7,781
62 Fenimore Asset Management Inc 0.35% of their portfolio Cobleskill, NY 100,361100.4k $17.5m $17.5m 0.35% Reduced -216 -216
63 JACOBSON & SCHMITT ADVISORS, LLC 2.99% of their portfolio MIDDLETON, WI 96,75396.8k $16.9m $16.9m 2.99% Added +442 +442
64 Amundi 0.01% of their portfolio Paris, I0 89,49889.5k $15.8m $15.8m 0.01% Added +17.4k +17,364
65 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 87,16987.2k $15.2m $15.2m 0.00% Reduced -1.5k -1,494
66 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 80,53380.5k $14.0m $14.0m 0.01% New
67 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 79,20679.2k $13.8m $13.8m 0.01% Added +39.6k +39,616
68 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 73,81173.8k $12.9m $12.9m 0.01% Added +15.6k +15,600
69 BlackRock, Inc. 0.00% of their portfolio New York, NY 72,31172.3k $12.6m $12.6m 0.00% Added +4.9k +4,945
70 MUFG SECURITIES (CANADA), LTD. 0.38% of their portfolio NEW YORK, NY 70,87770.9k $12.4m $12.4m 0.38% Added +7.3k +7,335
71 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 69,32269.3k $12.1m $12.1m 0.00% Reduced -4.2k -4,187
72 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 64,58364.6k $11.3m $11.3m 0.00% Reduced -15.6k -15,599
73 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 62,97063.0k $11.0m $11.0m 0.02% Reduced -1.6k -1,614
74 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 61,52661.5k $10.7m $10.7m 0.01% Added +7.3k +7,282
75 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 59,06759.1k $10.3m $10.3m 0.00% Reduced -322 -322
76 Skandinaviska Enskilda Banken AB (publ) 0.06% of their portfolio STOCKHOLM, V7 55,53255.5k $13.2m $13.2m 0.06% Added +26.1k +26,061
77 UBS Group AG 0.00% of their portfolio ZURICH, V8 54,18654.2k $9.5m $9.5m 0.00% Reduced -6.5k -6,483
78 Hillsdale Investment Management Inc. 0.34% of their portfolio Toronto, A6 53,49553.5k $9.3m $9.3m 0.34% Reduced -800 -800
79 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.07% of their portfolio IRVING, TX 50,86250.9k $8.9m $8.9m 0.07% Reduced -2.8k -2,779
80 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 50,02750.0k $8.7m $8.7m 0.00% Reduced -6.2k -6,167
81 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 48,42748.4k $8.5m $8.5m 0.00% Reduced -5.3k -5,317
82 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 48,39148.4k $8.4m $8.4m 0.00% Reduced -129.7k -129,719
83 Catawba River Capital 4.23% of their portfolio LAKE WYLIE, SC 47,70947.7k $8.3m $8.3m 4.23% Added +1.3k +1,299
84 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.84% of their portfolio MISSISSAUGA, A6 43,47043.5k $7.6m $7.6m 0.84% Added +3.0k +3,011
85 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 42,86942.9k $7.5m $7.5m 0.01% Added +39.9k +39,889
86 Waratah Capital Advisors Ltd. 0.50% of their portfolio TORONTO, A6 41,74041.7k $7.3m $7.3m 0.50% Reduced -2.2k -2,205
87 KING LUTHER CAPITAL MANAGEMENT CORP 0.03% of their portfolio FORT WORTH, TX 38,68738.7k $6.8m $6.8m 0.03% Reduced -897 -897
88 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 37,54237.5k $6.6m $6.6m 0.02% Reduced -19.2k -19,183
89 Andra AP-fonden 0.12% of their portfolio GOTEBORG, V7 37,10037.1k $8.8m $8.8m 0.12% Reduced -22.8k -22,800
90 Cumberland Partners Ltd 0.44% of their portfolio TORONTO, A6 36,80036.8k $6.4m $6.4m 0.44% Added +90 +90
91 Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio TOKYO, M0 36,10036.1k $6.3m $6.3m 0.01% Reduced -5.7k -5,700
92 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 36,05836.1k $6.3m $6.3m 0.00% Reduced -3.5k -3,475
93 ARGENT CAPITAL MANAGEMENT LLC 0.17% of their portfolio ST LOUIS, MO 33,79433.8k $5.9m $5.9m 0.17% Added +413 +413
94 Aptus Capital Advisors, LLC 0.06% of their portfolio FAIRHOPE, AL 32,26632.3k $5.6m $5.6m 0.06% Added +2.9k +2,858
95 PDT Partners, LLC 0.32% of their portfolio New York, NY 31,89431.9k $5.6m $5.6m 0.32% Added +156 +156
96 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 30,08730.1k $5.3m $5.3m 0.02% Added +384 +384
97 Motley Fool Wealth Management, LLC 0.31% of their portfolio ALEXANDRIA, VA 29,57029.6k $5.2m $5.2m 0.31% New
98 AVIVA PLC 0.01% of their portfolio LONDON, X0 28,97229.0k $5.1m $5.1m 0.01% Added +2.6k +2,578
99 Norwood Investment Partners, LP 3.78% of their portfolio MILL VALLEY, CA 28,87728.9k $5.0m $5.0m 3.78% Added +15.7k +15,737
100 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 28,62928.6k $5.0m $5.0m 0.00% Added +341 +341