Monitor for any subsequent 13G amendments to track accumulation trends; the increase from 4.7% to 5.013% suggests modest accumulation. No activist intent is declared, but a continued build above 7-8% could attract attention. Monitor next quarter for any conversion to 13D.
Price Chart
Executive Summary
1832 Asset Management L.P. filed a new Schedule 13G disclosing a 5.013% passive stake in FirstService Corp as of September 30, 2026. This is a new filing (not an amendment) by a Canadian asset manager, indicating no intent to influence management. The stake is modestly above the 5% threshold and represents a routine passive disclosure.
Key Financial Metrics
Key Facts
- 1832 Asset Management L.P. disclosed beneficial ownership of 2,188,987 common shares of FirstService Corp.
- The stake represents 5.013% of shares outstanding as of September 30, 2026.
- The filing is a new Schedule 13G, not an amendment, indicating a new 5%+ position.
- The investor certifies the shares were acquired in the ordinary course of business and not to influence control.
- The filing includes related entities MD Financial Management Inc. (30,169 shares, 0.1%) and Scotia Capital Inc. (102,604 shares, 0.2%).
- A prior SC 13G/A from Orbis Investment Management (filed August 2026 reported a 4.7% stake by 1832 Asset Management L.P. — this filing shows an increase to 5.013%.
Financial Impact
New passive stake of 5.013% — no direct financial impact; no transaction value disclosed.
Risk Factors
- Passive filing — no activist pressure or strategic catalyst.
- Stake is just above 5% threshold; not a high-conviction signal.
- No financial data or guidance provided in this filing.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0000944388-26-000014 |
| Document: 0000944388-26-000014-index.html | 0000944388-26-000014 |
| Document: 0000944388-26-000014.txt | 0000944388-26-000014 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 6-K | $147.22 | awaiting T+60 | — | $144.16 (−2.08%) |
Oct 22, 2026 4d ago | Press Release | $147.22 | awaiting T+60 | — | $144.16 (−2.08%) |
Oct 21, 2026 5d ago | SC 13G | $136.59 | awaiting T+60 | — | $144.16 (+5.54%) |
Oct 19, 2026 7d ago | Press Release | $138.51 | awaiting T+60 | — | $144.16 (+4.08%) |
Sep 17, 2026 5w ago | 6-K | $132.55 | awaiting T+60 | — | $144.16 (+8.76%) |
Sep 17, 2026 5w ago | Press Release | $132.24 | awaiting T+60 | — | $144.16 (+9.02%) |
Aug 20, 2026 9w ago | 6-K / PRESS-RELEASE | $144.49 | awaiting T+60 | — | $144.16 (−0.23%) |
Jul 31, 2026 12w ago | 6-K | $140.89 $144.16 | ▲ +2.32% | ▼ −0.13% | $144.16 (+2.32%) |
Jul 23, 2026 13w ago | 6-K | $131.14 $135.07 | ▲ +3.00% | ▼ −1.56% | $144.16 (+9.93%) |
Jun 11, 2026 19w ago | Institutional Cluster | $141.46 $144.11 | ▲ +1.87% | ▼ −2.52% | $144.16 (+1.91%) |
US Market Status
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