Orbis Investment Management Ltd and Orbis Investment Management (U.S.), L.P. filed a Schedule 13G Amendment No. 2 on November 6, 2026, disclosing a combined beneficial ownership of 4,421,602 shares of FirstService Corp common stock as of October 31, 2026.

Key Highlights

  • Combined stake of 10.1%: The two Orbis entities together beneficially own 4,421,602 shares of FirstService Corp common stock, representing 10.1% of the class.
  • Orbis Investment Management Ltd (Bermuda): Reports sole voting and dispositive power over 3,370,932 shares, equal to 7.7% of the class.
  • Orbis Investment Management (U.S.), L.P. (Delaware): Reports sole voting and dispositive power over 1,050,670 shares, equal to 2.4% of the class.
  • No shared voting or dispositive power: Both reporting persons report zero shared voting power and zero shared dispositive power.
  • Event date: The filing is triggered by an event dated October 31, 2026.
  • Disclaimer of group membership: Each reporting person disclaims beneficial ownership of shares held by the other and states it does not represent itself as a member of a group under Section 13(d)(3).

Orbis Entities Report Combined 4,421,602-Share Position in FirstService Corp

According to the Schedule 13G Amendment No. 2 filed with the SEC on November 6, 2026, two affiliated Orbis entities disclosed their ownership positions in FirstService Corp (NASDAQ:FSV), an issuer with principal executive offices at 1255 Bay Street, Suite 600, Toronto, Ontario, Canada. The filing covers common stock with CUSIP number 33767E202, and the event requiring the filing occurred on October 31, 2026.

Orbis Investment Management Ltd, organized in Bermuda and classified as a non-U.S. institution equivalent to an investment adviser, holds sole voting and dispositive power over 3,370,932 shares, representing 7.7% of the class. Orbis Investment Management (U.S.), L.P., a Delaware-registered investment adviser, holds sole voting and dispositive power over 1,050,670 shares, representing 2.4% of the class. Combined, the filing reports aggregate beneficial ownership of 4,421,602 shares, or 10.1% of the class.

The filing states that other persons have the right to receive dividends from, or the proceeds from the sale of, the securities beneficially owned by each of the two reporting persons. The filing further notes that the reporting persons are making this filing together as a matter of convenience, but that "none of the Reporting Persons represents that it is a member of a group for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended." Each reporting person also certifies that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of FirstService Corp. The filing was signed by Matt Gaarder, acting as Attorney-in-Fact for Orbis Investment Management Ltd and as Secretary for Orbis Investment Management (U.S.), L.P.

What Was Disclosed

Orbis Investment Management Ltd and Orbis Investment Management (U.S.), L.P. filed a Schedule 13G amendment disclosing combined beneficial ownership of 4,421,602 FirstService Corp common shares, equal to 10.1% of the class, as of October 31, 2026.