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What smart money is saying about FirstService CorporationCanada flag

FSV · Real Estate · Real Estate - Services · Market cap $7.01B

2 funds in our archive have pitched FirstService Corporation, most recently Third Avenue Management Real Estate Value Fund in December 2025.

Company profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments. This segment also provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service swimming pool and amenity management, and security and concierge/front desk; and financial services comprising cash management, other banking transaction-related, and specialized property insurance brokerage. In addition, this segment offers energy management solutions and advisory services, and resale processing services. The FirstService Brands segment operates and provides essential property services to residential and commercial customers, through five franchise networks; and company-owned locations, including 20 California Closets, 12 Paul Davis Restoration, and 1 CertaPro Painters locations. It provides residential and commercial restoration, painting, and floor coverings design and installation services; custom-designed and installed closet, and home storage solutions; home inspection services; and fire protection and related services. This segment offers its services primarily under the Paul Davis Restoration, First Onsite Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada.

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Summarize with Warren AI
4
Reported positions
2
Bought
0
Sold
6
Letters

Position history

Between Q4 2024 and Q3 2026, 4 fund letters reported a position in FirstService Corporation, with 2 buys (opened or added).

Fund letters reporting a position in FirstService Corporation, by quarter
QuarterLettersBoughtSoldTheses
Q3 20261000
Q2 20262100
Q1 20261100
Q4 20250001
Q4 20240001

Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.

Fund activity · 4 positions · 2 moves

  • “An additional 29.5% of the Fund’s capital was invested in North American-based companies involved with Commercial Real Estate, including: Real Estate Services (CBRE Group, JLL, and FirstService); Asset Management (Brookfield Corp.); Industrial and Logistics (Prologis, First Industrial, and WESCO); and Self-Storage (U-Haul Holdings).”
    FirstService Corporation
  • “The Fund also added to other holdings where the price-to-value gap broadened during the period (FirstService Corp. and Hang Lung Group).”
    FirstService Corporation
  • “5. FirstService Corp. (FSV) FSV provides residential property management and essential property services.”
    FirstService Corporation
  • “Of note, the Fund added to several holdings where the price- to-value gap broadened to historically wide levels amid recent volatility, including certain commercial-centric issuers (U-Haul Holdings and FirstService Corp.) and select international companies (Accor SA and Ingenia Communities).”
    FirstService Corporation

Fund coverage · 2 theses

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