Orbis Investment Management Discloses 8.6% Stake in FirstService Corp (FSV)

On May 15, 2026, Orbis Investment Management Ltd and Orbis Investment Management (U.S.), L.P. filed a Schedule 13G regarding their holdings in FirstService Corp (FSV). The filing reveals a combined beneficial ownership of 3,968,227 shares, representing 8.6% of the company's common stock. Individually, Orbis Investment Management Ltd holds 3,450,007 shares (7.5%), while Orbis Investment Management (U.S.), L.P. holds 518,220 shares (1.1%). The reporting persons have sole voting and dispositive power over their respective shares. This filing marks an increase from a previous ownership position of 0%, indicating a new significant stake in the issuer. The shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. Both entities operate as investment advisers, with Orbis Investment Management Ltd being a Bermuda-based non-U.S. institution equivalent to a U.S. investment adviser.