Vault-13

FIRSTSERVICE CORP NEW FSV

COM · Common Stock · CUSIP 33767E202 · ISIN CA33767E2024

298 institutional holders -8 vs Q4 2025
31,556,49931.6m shares reported held*
69.0% of all shares outstanding*
$4.4bnreported value*
35 new 118 added 98 reduced 44 sold out net sold ≈ $88.1m (-490.6k 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 ($30.6m this quarter). Holder counts are more reliable. Shares outstanding: 45.7m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $139.33. Options: 4 managers hold calls ($13.3m notional), 3 hold puts ($903.1k).

Trends to Q1 2026

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: 323Q3 25: 321Q4 25: 306Q1 26: 298298Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025321
Q4 2025306
Q1 2026298

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 142 bought or addedQ2 24: 114 cut or sold outQ3 24: 154 bought or addedQ3 24: 99 cut or sold outQ3 24Q4 24: 145 bought or addedQ4 24: 120 cut or sold outQ1 25: 154 bought or addedQ1 25: 130 cut or sold outQ1 25Q2 25: 158 bought or addedQ2 25: 136 cut or sold outQ3 25: 152 bought or addedQ3 25: 148 cut or sold outQ3 25Q4 25: 134 bought or addedQ4 25: 163 cut or sold outQ1 26: 153 bought or addedQ1 26: 142 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024142114
Q3 202415499
Q4 2024145120
Q1 2025154130
Q2 2025158136
Q3 2025152148
Q4 2025134163
Q1 2026153142

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 25 calls: $0Q2 25 puts: $17.5kQ2 25P/C —Q3 25 calls: $361.9kQ3 25 puts: $438.1kQ3 25P/C 1.21Q4 25 calls: $15.3mQ4 25 puts: $1.6mQ4 25P/C 0.10Q1 26 calls: $13.3mQ1 26 puts: $903.1kQ1 26P/C 0.07
Numbers
QuarterCallsPutsP/C
Q2 2025$0$17.5k—
Q3 2025$361.9k$438.1k1.21
Q4 2025$15.3m$1.6m0.10
Q1 2026$13.3m$903.1k0.07

Biggest buyers

Orbis Allan Gray Ltd Added +1,983,550+2.0m
CIBC Asset Management Inc Added +400,912+400.9k
Conestoga Capital Advisors, LLC Added +233,043+233.0k
JANUS HENDERSON GROUP PLC Added +219,890+219.9k
BCV Asset Management Inc. Added +134,089+134.1k
AMERICAN CENTURY COMPANIES INC Added +121,577+121.6k
GENEVA CAPITAL MANAGEMENT LLC Added +112,624+112.6k
ROYCE & ASSOCIATES LP Added +83,781+83.8k
ROYAL BANK OF CANADA Added +77,758+77.8k
MONTRUSCO BOLTON INVESTMENTS INC. Added +72,665+72.7k

Biggest sellers

MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -861,947-861.9k
T. Rowe Price Investment Management, Inc. Sold out -472,652-472.7k
Durable Capital Partners LP Sold out -436,598-436.6k
PRICE T ROWE ASSOCIATES INC /MD/ Sold out -382,075-382.1k
FRANKLIN RESOURCES INC Reduced -343,744-343.7k
ACADIAN ASSET MANAGEMENT LLC Reduced -328,986-329.0k
MACKENZIE FINANCIAL CORP Reduced -319,824-319.8k
Skandinaviska Enskilda Banken AB (publ) Sold out -185,316-185.3k
Connor, Clark & Lunn Investment Management Ltd. Sold out -184,795-184.8k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -174,459-174.5k

Biggest calls

TUDOR INVESTMENT CORP ET AL Unchanged $6.7m48.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.4m32.0k shares
JANE STREET GROUP, LLC Reduced $2.0m14.6k shares
GROUP ONE TRADING LLC Unchanged $97.3k700 shares

Biggest puts

CITADEL ADVISORS LLC Added $653.0k4.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $236.2k1.7k shares
GROUP ONE TRADING LLC Reduced $13.9k100 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 Q1 2026

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 Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Orbis Allan Gray Ltd 2.33% of their portfolio HamiltoN, D0 3,968,2274.0m $551.3m $551.3m 2.33% Added +2.0m +1,983,550
2 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.23% of their portfolio Toronto, A6 1,913,4061.9m $265.9m $265.9m 0.23% Reduced -861.9k -861,947
3 JANUS HENDERSON GROUP PLC 0.11% of their portfolio LONDON, X0 1,587,4541.6m $220.6m $220.6m 0.11% Added +219.9k +219,890
4 MACKENZIE FINANCIAL CORP 0.25% of their portfolio TORONTO ONTARIO, A6 1,471,2921.5m $204.6m $204.6m 0.25% Reduced -319.8k -319,824
5 Conestoga Capital Advisors, LLC 3.90% of their portfolio WAYNE, PA 1,405,5641.4m $195.3m $195.3m 3.90% Added +233.0k +233,043
6 NEUBERGER BERMAN GROUP LLC 0.13% of their portfolio NEW YORK, NY 1,198,8731.2m $166.6m $166.6m 0.13% Added +42.3k +42,275
7 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 1,196,4481.2m $166.4m $166.4m 0.00% First filing
8 CIBC Asset Management Inc 0.24% of their portfolio TORONTO, Z4 721,874721.9k $100.2m $100.2m 0.24% Added +400.9k +400,912
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 611,553611.6k $85.0m $85.0m 0.01% Reduced -45.6k -45,591
10 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.27% of their portfolio CHICAGO, IL 593,327593.3k $82.4m $82.4m 0.27% Reduced -2.9k -2,922
11 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 591,715591.7k $89.0m $89.0m 0.01% Added +61.9k +61,861
12 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 578,411578.4k $80.4m $80.4m 0.02% Reduced -141.6k -141,582
13 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 573,421573.4k $79.7m $79.7m 0.02% Added +77.8k +77,758
14 GENEVA CAPITAL MANAGEMENT LLC 1.56% of their portfolio MILWAUKEE, WI 527,572527.6k $73.3m $73.3m 1.56% Added +112.6k +112,624
15 BCV Asset Management Inc. 2.40% of their portfolio WINNIPEG, A2 504,115504.1k $69.8m $69.8m 2.40% Added +134.1k +134,089
16 RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio NEW YORK, NY 490,440490.4k $68.1m $68.1m 0.11% Added +452 +452
17 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 477,450477.4k $66.4m $66.4m 0.03% Added +61.6k +61,590
18 TD Asset Management Inc 0.05% of their portfolio Toronto, A6 476,267476.3k $66.0m $66.0m 0.05% Added +54.7k +54,664
19 CIBC WORLD MARKET INC. 0.11% of their portfolio TORONTO, A6 459,286459.3k $63.9m $63.9m 0.11% Reduced -48.0k -47,957
20 ROYCE & ASSOCIATES LP 0.63% of their portfolio New York, NY 456,642456.6k $63.4m $63.4m 0.63% Added +83.8k +83,781
21 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 418,046418.0k $58.1m $58.1m 0.08% Reduced -24.7k -24,727
22 BROWN ADVISORY INC 0.09% of their portfolio BALTIMORE, MD 399,181399.2k $55.5m $55.5m 0.09% Added +68.2k +68,201
23 FIL Ltd 0.04% of their portfolio HAMILTON, D0 386,599386.6k $53.8m $53.8m 0.04% Reduced -165.4k -165,395
24 Copeland Capital Management, LLC 1.14% of their portfolio Conshohocken, PA 368,543368.5k $51.2m $51.2m 1.14% Added +22.5k +22,501
25 FRED ALGER MANAGEMENT, LLC 0.22% of their portfolio NEW YORK, NY 366,514366.5k $50.9m $50.9m 0.22% Reduced -78.2k -78,192
26 VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio MALVERN, PA 360,511360.5k $50.2m $50.2m 0.01% First filing
27 Vanguard Global Advisers, LLC 0.02% of their portfolio MALVERN, PA 321,072321.1k $44.7m $44.7m 0.02% First filing
28 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 299,631299.6k $41.7m $41.7m 0.02% Added +121.6k +121,577
29 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 298,476298.5k $40.7m $40.7m 0.04% Added +12.4k +12,401
30 Clearbridge Investments, LLC 0.04% of their portfolio NEW YORK, NY 289,852289.9k $40.3m $40.3m 0.04% Added +43.8k +43,764
31 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 277,225277.2k $38.5m $38.5m 0.01% Added +8.7k +8,689
32 MONTRUSCO BOLTON INVESTMENTS INC. 0.55% of their portfolio MONTREAL, A8 263,488263.5k $36.5m $36.5m 0.55% Added +72.7k +72,665
33 Legal & General Group Plc 0.01% of their portfolio London, X0 262,641262.6k $36.4m $36.4m 0.01% Reduced -2.4k -2,433
34 Lionstone Capital Management LLC 8.81% of their portfolio NEW YORK, NY 261,955262.0k $36.4m $36.4m 8.81% Added +16.2k +16,235
35 Baskin Financial Services Inc. 2.85% of their portfolio TORONTO, A6 250,301250.3k $34.8m $34.8m 2.85% Reduced -1.2k -1,226
36 PICTON MAHONEY ASSET MANAGEMENT 0.35% of their portfolio Toronto, A6 244,183244.2k $34.0m $34.0m 0.35% Reduced -63.2k -63,163
37 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 241,009241.0k $33.5m $33.5m 0.03% Added +62.9k +62,883
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 240,316240.3k $33.4m $33.4m 0.00% Added +18.1k +18,146
39 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 239,515239.5k $33.3m $33.3m 0.06% Reduced -12.7k -12,657
40 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 234,040234.0k $32.6m $32.6m 0.02% Unchanged
41 SEB Asset Management AB 0.13% of their portfolio STOCKHOLM, V7 226,848226.8k $31.5m $31.5m 0.13% First filing
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 199,529199.5k $27.2m $27.2m 0.00% Reduced -41.1k -41,128
43 BESSEMER GROUP INC 0.04% of their portfolio WOODBRIDGE, NJ 191,970192.0k $26.7m $26.7m 0.04% Added +65.8k +65,830
44 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 175,255175.3k $24.3m $24.3m 0.03% Added +14.4k +14,432
45 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 173,688173.7k $24.1m $24.1m 0.00% Added +45.5k +45,472
46 JACOBSON & SCHMITT ADVISORS, LLC 3.73% of their portfolio MIDDLETON, WI 147,930147.9k $20.6m $20.6m 3.73% Added +2.9k +2,936
47 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 147,755147.8k $20.5m $20.5m 0.01% Added +68.2k +68,224
48 BLAIR WILLIAM & CO/IL 0.06% of their portfolio CHICAGO, IL 146,314146.3k $20.3m $20.3m 0.06% Added +3.3k +3,252
49 Fenimore Asset Management Inc 0.45% of their portfolio Cobleskill, NY 144,177144.2k $20.0m $20.0m 0.45% Reduced -5.7k -5,650
50 Fiera Capital Corp 0.07% of their portfolio MONTREAL, A8 139,175139.2k $19.3m $19.3m 0.07% Reduced -69.1k -69,130
51 Swiss National Bank 0.01% of their portfolio ZURICH, V8 138,500138.5k $19.2m $19.2m 0.01% Added +29.9k +29,900
52 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 130,662130.7k $25.3m $25.3m 0.01% Reduced -7.0k -6,950
53 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 129,520129.5k $18.0m $18.0m 0.01% Added +11.2k +11,179
54 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 129,364129.4k $17.9m $17.9m 0.01% Added +14.1k +14,112
55 AltraVue Capital, LLC 1.51% of their portfolio BELLEVUE, WA 126,255126.3k $17.5m $17.5m 1.51% Added +680 +680
56 BANK OF NOVA SCOTIA 0.03% of their portfolio TORONTO, A6 119,710119.7k $16.6m $16.6m 0.03% Reduced -4.0k -4,021
57 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 105,316105.3k $14.6m $14.6m 0.00% Added +5.2k +5,151
58 Public Sector Pension Investment Board 0.04% of their portfolio MONTREAL, A8 103,038103.0k $14.3m $14.3m 0.04% Added +422 +422
59 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 98,54798.5k $13.7m $13.7m 0.03% Reduced -100.9k -100,949
60 UBS Group AG 0.00% of their portfolio ZURICH, V8 96,11896.1k $13.4m $13.4m 0.00% Reduced -78.3k -78,349
61 Summit Creek Advisors LLC 2.66% of their portfolio MINNEAPOLIS, MN 93,07293.1k $12.9m $12.9m 2.66% Reduced -1.1k -1,130
62 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio JUPITER, FL 87,25887.3k $12.1m $12.1m 0.05% Reduced -14.8k -14,804
63 NICOLA WEALTH MANAGEMENT LTD. 1.44% of their portfolio VANCOUVER, A1 86,09086.1k $12.0m $12.0m 1.44% Added +35.7k +35,700
64 Amundi 0.00% of their portfolio Paris, I0 78,65078.7k $10.9m $10.9m 0.00% Added +4.9k +4,869
65 VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio London, EC4N 8AF, X0 74,02574.0k $10.3m $10.3m 0.01% First filing
66 OSTERWEIS CAPITAL MANAGEMENT INC 0.46% of their portfolio SAN FRANCISCO, CA 64,88464.9k $9.0m $9.0m 0.46% Reduced -37.5k -37,470
67 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.97% of their portfolio MISSISSAUGA, A6 64,66664.7k $9.1m $9.1m 0.97% Added +17.8k +17,768
68 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 64,50964.5k $9.0m $9.0m 0.01% Reduced -19.0k -19,039
69 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 63,70463.7k $8.9m $8.9m 0.00% Added +2.3k +2,328
70 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 63,38863.4k $8.8m $8.8m 0.01% Added +23.6k +23,577
71 MUFG SECURITIES (CANADA), LTD. 0.24% of their portfolio NEW YORK, NY 61,03761.0k $8.5m $8.5m 0.24% Reduced -1.6k -1,605
72 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 58,35358.4k $7.8m $7.8m 0.02% Added +24.6k +24,612
73 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 57,42057.4k $8.0m $8.0m 0.01% Reduced -1.1k -1,075
74 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 56,06156.1k $7.8m $7.8m 0.00% Reduced -12.4k -12,442
75 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 55,16055.2k $7.7m $7.7m 0.00% Reduced -174.5k -174,459
76 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.05% of their portfolio IRVING, TX 55,12155.1k $7.7m $7.7m 0.05% Reduced -14.5k -14,488
77 Grafton Street Partners Management Company, LLC 4.26% of their portfolio NORTH PALM BEACH, FL 51,34751.3k $7.1m $7.1m 4.26% Unchanged
78 ARGENT CAPITAL MANAGEMENT LLC 0.22% of their portfolio ST LOUIS, MO 50,78750.8k $7.1m $7.1m 0.22% Added +17.4k +17,377
79 THIRD AVENUE MANAGEMENT LLC 1.14% of their portfolio NEW YORK, NY 50,45250.5k $7.0m $7.0m 1.14% Added +31.7k +31,738
80 Catawba River Capital 3.29% of their portfolio LAKE WYLIE, SC 49,52849.5k $6.8m $6.8m 3.29% Added +589 +589
81 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 49,47149.5k $6.9m $6.9m 0.00% Added +6.4k +6,420
82 BlackRock, Inc. 0.00% of their portfolio New York, NY 47,83247.8k $6.6m $6.6m 0.00% Reduced -8.4k -8,389
83 KING LUTHER CAPITAL MANAGEMENT CORP 0.03% of their portfolio FORT WORTH, TX 45,15645.2k $6.3m $6.3m 0.03% Added +3.6k +3,575
84 CONGRESS ASSET MANAGEMENT CO 0.04% of their portfolio BOSTON, MA 43,74343.7k $6.1m $6.1m 0.04% New
85 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 42,56442.6k $5.9m $5.9m 0.02% Reduced -25.1k -25,144
86 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 42,45142.5k $5.9m $5.9m 0.01% Added +17.9k +17,851
87 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 40,13840.1k $5.6m $5.6m 0.01% Reduced -819 -819
88 Langdon Equity Partners 4.16% of their portfolio TORONTO, A6 40,00040.0k $5.6m $5.6m 4.16% Added +30.0k +30,000
89 Aptus Capital Advisors, LLC 0.04% of their portfolio FAIRHOPE, AL 37,67537.7k $5.2m $5.2m 0.04% Added +374 +374
90 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 35,55635.6k $4.9m $4.9m 0.00% Reduced -9.2k -9,171
91 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.03% of their portfolio VICTORIA, A1 34,86534.9k $4.9m $4.9m 0.03% Added +13.3k +13,337
92 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 34,79834.8k $4.8m $4.8m 0.00% Reduced -2.0k -1,966
93 AVIVA PLC 0.01% of their portfolio LONDON, X0 34,59834.6k $4.8m $4.8m 0.01% Added +168 +168
94 Numerai GP LLC 0.46% of their portfolio SAN FRANCISCO, CA 33,25933.3k $4.6m $4.6m 0.46% Added +18.1k +18,108
95 Waratah Capital Advisors Ltd. 0.41% of their portfolio TORONTO, A6 32,67132.7k $4.5m $4.5m 0.41% Added +994 +994
96 LOUISBOURG INVESTMENTS INC. 0.80% of their portfolio DIEPPE, A3 30,38730.4k $4.2m $4.2m 0.80% Added +5.7k +5,747
97 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 28,62928.6k $4.0m $4.0m 0.00% Unchanged
98 Norwood Investment Partners, LP 5.84% of their portfolio MILL VALLEY, CA 27,31927.3k $3.8m $3.8m 5.84% Reduced -12.7k -12,681
99 Advisors Capital Management, LLC 0.04% of their portfolio RIDGEWOOD, NJ 27,29427.3k $3.8m $3.8m 0.04% Reduced -55 -55
100 Legato Capital Management LLC 0.34% of their portfolio San Francisco, CA 26,69526.7k $3.7m $3.7m 0.34% Unchanged