Here’s What Pressured FirstService Corp (FSV) in Q4

Group 1 - The Alger Weatherbie Specialized Fund focuses on investing in a portfolio of 50 small and mid-cap companies with promising growth potential [1] - The US equity market ended Q4 2025 positively, with the S&P 500 increasing by 2.7%, driven by better-than-expected corporate earnings and a supportive macroeconomic environment [1] - The Fund's Class A shares underperformed the Russell 2500 Growth Index in Q4 2025, with Real Estate and Consumer Staples contributing positively while Information Technology and Health Care sectors detracted from performance [1] Group 2 - FirstService Corporation (NASDAQ:FSV) is highlighted as a key stock in the Fund's portfolio, providing residential property management and other essential property services [2] - As of January 16, 2026, FirstService Corporation's stock closed at $162.23, with a one-month return of 6.04% but a 52-week loss of 11.04% [2] - The company operates through two segments: FirstService Residential and FirstService Brands, with recent performance impacted by weakness in the cyclical Brands businesses, particularly in restoration and roofing [3]