FIRSTSERVICE CORP NEW FSV
COM · Common Stock · CUSIP 33767E202 · ISIN CA33767E2024
- SectorReal estate
- IndustryReal Estate
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 195 |
| Q4 2022 | 197 |
| Q1 2023 | 214 |
| Q2 2023 | 238 |
| Q3 2023 | 239 |
| Q4 2023 | 267 |
| Q1 2024 | 271 |
| Q2 2024 | 271 |
| Q3 2024 | 287 |
| Q4 2024 | 311 |
| Q1 2025 | 316 |
| Q2 2025 | 323 |
| Q3 2025 | 321 |
| Q4 2025 | 306 |
| Q1 2026 | 298 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 142 | 114 |
| Q3 2024 | 154 | 99 |
| Q4 2024 | 145 | 120 |
| Q1 2025 | 154 | 130 |
| Q2 2025 | 158 | 136 |
| Q3 2025 | 152 | 148 |
| Q4 2025 | 134 | 163 |
| Q1 2026 | 153 | 142 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $0 | $17.5k | — |
| Q3 2025 | $361.9k | $438.1k | 1.21 |
| Q4 2025 | $15.3m | $1.6m | 0.10 |
| Q1 2026 | $13.3m | $903.1k | 0.07 |
Biggest buyers
| Orbis Allan Gray Ltd | Added | +2.0m |
| CIBC Asset Management Inc | Added | +400.9k |
| Conestoga Capital Advisors, LLC | Added | +233.0k |
| JANUS HENDERSON GROUP PLC | Added | +219.9k |
| BCV Asset Management Inc. | Added | +134.1k |
| AMERICAN CENTURY COMPANIES INC | Added | +121.6k |
| GENEVA CAPITAL MANAGEMENT LLC | Added | +112.6k |
| ROYCE & ASSOCIATES LP | Added | +83.8k |
| ROYAL BANK OF CANADA | Added | +77.8k |
| MONTRUSCO BOLTON INVESTMENTS INC. | Added | +72.7k |
Biggest sellers
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -861.9k |
| T. Rowe Price Investment Management, Inc. | Sold out | -472.7k |
| Durable Capital Partners LP | Sold out | -436.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Sold out | -382.1k |
| FRANKLIN RESOURCES INC | Reduced | -343.7k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -329.0k |
| MACKENZIE FINANCIAL CORP | Reduced | -319.8k |
| Skandinaviska Enskilda Banken AB (publ) | Sold out | -185.3k |
| Connor, Clark & Lunn Investment Management Ltd. | Sold out | -184.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -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.
| Holder | Stake |
|---|---|
| ORBIS INVESTMENT MANAGEMENT LTD 13G · institution -0.2 pts · filed 2026-08-14 | 7.3% |
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
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 2.33% of their portfolio | 4.0m $551.3m | Added +2.0m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.23% of their portfolio | 1.9m $265.9m | Reduced -861.9k |
| JANUS HENDERSON GROUP PLC 0.11% of their portfolio | 1.6m $220.6m | Added +219.9k |
| MACKENZIE FINANCIAL CORP 0.25% of their portfolio | 1.5m $204.6m | Reduced -319.8k |
| Conestoga Capital Advisors, LLC 3.90% of their portfolio | 1.4m $195.3m | Added +233.0k |
| NEUBERGER BERMAN GROUP LLC 0.13% of their portfolio | 1.2m $166.6m | Added +42.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.2m $166.4m | First filing |
| CIBC Asset Management Inc 0.24% of their portfolio | 721.9k $100.2m | Added +400.9k |
| MORGAN STANLEY 0.01% of their portfolio | 611.6k $85.0m | Reduced -45.6k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.27% of their portfolio | 593.3k $82.4m | Reduced -2.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 591.7k $89.0m | Added +61.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 578.4k $80.4m | Reduced -141.6k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 573.4k $79.7m | Added +77.8k |
| GENEVA CAPITAL MANAGEMENT LLC 1.56% of their portfolio | 527.6k $73.3m | Added +112.6k |
| BCV Asset Management Inc. 2.40% of their portfolio | 504.1k $69.8m | Added +134.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio | 490.4k $68.1m | Added +452 |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 477.4k $66.4m | Added +61.6k |
| TD Asset Management Inc 0.05% of their portfolio | 476.3k $66.0m | Added +54.7k |
| CIBC WORLD MARKET INC. 0.11% of their portfolio | 459.3k $63.9m | Reduced -48.0k |
| ROYCE & ASSOCIATES LP 0.63% of their portfolio | 456.6k $63.4m | Added +83.8k |
| 1832 Asset Management L.P. 0.08% of their portfolio | 418.0k $58.1m | Reduced -24.7k |
| BROWN ADVISORY INC 0.09% of their portfolio | 399.2k $55.5m | Added +68.2k |
| FIL Ltd 0.04% of their portfolio | 386.6k $53.8m | Reduced -165.4k |
| Copeland Capital Management, LLC 1.14% of their portfolio | 368.5k $51.2m | Added +22.5k |
| FRED ALGER MANAGEMENT, LLC 0.22% of their portfolio | 366.5k $50.9m | Reduced -78.2k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 360.5k $50.2m | First filing |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 321.1k $44.7m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 299.6k $41.7m | Added +121.6k |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 298.5k $40.7m | Added +12.4k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 289.9k $40.3m | Added +43.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 277.2k $38.5m | Added +8.7k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.55% of their portfolio | 263.5k $36.5m | Added +72.7k |
| Legal & General Group Plc 0.01% of their portfolio | 262.6k $36.4m | Reduced -2.4k |
| Lionstone Capital Management LLC 8.81% of their portfolio | 262.0k $36.4m | Added +16.2k |
| Baskin Financial Services Inc. 2.85% of their portfolio | 250.3k $34.8m | Reduced -1.2k |
| PICTON MAHONEY ASSET MANAGEMENT 0.35% of their portfolio | 244.2k $34.0m | Reduced -63.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 241.0k $33.5m | Added +62.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 240.3k $33.4m | Added +18.1k |
| CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio | 239.5k $33.3m | Reduced -12.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 234.0k $32.6m | Unchanged |
| SEB Asset Management AB 0.13% of their portfolio | 226.8k $31.5m | First filing |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 199.5k $27.2m | Reduced -41.1k |
| BESSEMER GROUP INC 0.04% of their portfolio | 192.0k $26.7m | Added +65.8k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 175.3k $24.3m | Added +14.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 173.7k $24.1m | Added +45.5k |
| JACOBSON & SCHMITT ADVISORS, LLC 3.73% of their portfolio | 147.9k $20.6m | Added +2.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 147.8k $20.5m | Added +68.2k |
| BLAIR WILLIAM & CO/IL 0.06% of their portfolio | 146.3k $20.3m | Added +3.3k |
| Fenimore Asset Management Inc 0.45% of their portfolio | 144.2k $20.0m | Reduced -5.7k |
| Fiera Capital Corp 0.07% of their portfolio | 139.2k $19.3m | Reduced -69.1k |
| Swiss National Bank 0.01% of their portfolio | 138.5k $19.2m | Added +29.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 130.7k $25.3m | Reduced -7.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 129.5k $18.0m | Added +11.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 129.4k $17.9m | Added +14.1k |
| AltraVue Capital, LLC 1.51% of their portfolio | 126.3k $17.5m | Added +680 |
| BANK OF NOVA SCOTIA 0.03% of their portfolio | 119.7k $16.6m | Reduced -4.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 105.3k $14.6m | Added +5.2k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 103.0k $14.3m | Added +422 |
| TORONTO DOMINION BANK 0.03% of their portfolio | 98.5k $13.7m | Reduced -100.9k |
| UBS Group AG 0.00% of their portfolio | 96.1k $13.4m | Reduced -78.3k |
| Summit Creek Advisors LLC 2.66% of their portfolio | 93.1k $12.9m | Reduced -1.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 87.3k $12.1m | Reduced -14.8k |
| NICOLA WEALTH MANAGEMENT LTD. 1.44% of their portfolio | 86.1k $12.0m | Added +35.7k |
| Amundi 0.00% of their portfolio | 78.7k $10.9m | Added +4.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 74.0k $10.3m | First filing |
| OSTERWEIS CAPITAL MANAGEMENT INC 0.46% of their portfolio | 64.9k $9.0m | Reduced -37.5k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.97% of their portfolio | 64.7k $9.1m | Added +17.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 64.5k $9.0m | Reduced -19.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 63.7k $8.9m | Added +2.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 63.4k $8.8m | Added +23.6k |
| MUFG SECURITIES (CANADA), LTD. 0.24% of their portfolio | 61.0k $8.5m | Reduced -1.6k |
| TD Waterhouse Canada Inc. 0.02% of their portfolio | 58.4k $7.8m | Added +24.6k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 57.4k $8.0m | Reduced -1.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 56.1k $7.8m | Reduced -12.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 55.2k $7.7m | Reduced -174.5k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.05% of their portfolio | 55.1k $7.7m | Reduced -14.5k |
| Grafton Street Partners Management Company, LLC 4.26% of their portfolio | 51.3k $7.1m | Unchanged |
| ARGENT CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 50.8k $7.1m | Added +17.4k |
| THIRD AVENUE MANAGEMENT LLC 1.14% of their portfolio | 50.5k $7.0m | Added +31.7k |
| Catawba River Capital 3.29% of their portfolio | 49.5k $6.8m | Added +589 |
| Invesco Ltd. 0.00% of their portfolio | 49.5k $6.9m | Added +6.4k |
| BlackRock, Inc. 0.00% of their portfolio | 47.8k $6.6m | Reduced -8.4k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.03% of their portfolio | 45.2k $6.3m | Added +3.6k |
| CONGRESS ASSET MANAGEMENT CO 0.04% of their portfolio | 43.7k $6.1m | New |
| SCOTIA CAPITAL INC. 0.02% of their portfolio | 42.6k $5.9m | Reduced -25.1k |
| Quantinno Capital Management LP 0.01% of their portfolio | 42.5k $5.9m | Added +17.9k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 40.1k $5.6m | Reduced -819 |
| Langdon Equity Partners 4.16% of their portfolio | 40.0k $5.6m | Added +30.0k |
| Aptus Capital Advisors, LLC 0.04% of their portfolio | 37.7k $5.2m | Added +374 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 35.6k $4.9m | Reduced -9.2k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.03% of their portfolio | 34.9k $4.9m | Added +13.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 34.8k $4.8m | Reduced -2.0k |
| AVIVA PLC 0.01% of their portfolio | 34.6k $4.8m | Added +168 |
| Numerai GP LLC 0.46% of their portfolio | 33.3k $4.6m | Added +18.1k |
| Waratah Capital Advisors Ltd. 0.41% of their portfolio | 32.7k $4.5m | Added +994 |
| LOUISBOURG INVESTMENTS INC. 0.80% of their portfolio | 30.4k $4.2m | Added +5.7k |
| Nuveen, LLC 0.00% of their portfolio | 28.6k $4.0m | Unchanged |
| Norwood Investment Partners, LP 5.84% of their portfolio | 27.3k $3.8m | Reduced -12.7k |
| Advisors Capital Management, LLC 0.04% of their portfolio | 27.3k $3.8m | Reduced -55 |
| Legato Capital Management LLC 0.34% of their portfolio | 26.7k $3.7m | Unchanged |