Federal Signal

FSS • NYSE

Federal Signal is a industrial - pollution & treatment controls company in the industrials sector on NYSE, led by Jennifer L. Sherman, with a market cap of $6.7B. As of Q3 2025, 99% of shares are held by 424 institutional investors, with BlackRock, Inc. as the largest holder at 14.67%.

Chief Executive OfficerJennifer L. Sherman

Market Cap$6.7B

Industrial - Pollution & Treatment Controls

Industrials

Employees4.5K

Websitefederalsignal.com

Country

United States of America

Overview

Overview of institutional ownership in FSS as of Q3 2025 with a market cap of $7.2B

All Institutions

Institutions: 424
Value Held: $7.2B
Shares Held: 60.3M
Avg Position: $16.9M
Median Position: $917.3K

Hedge Funds

Hedge Funds: 47
Value Held: $384.7M
Shares Held: 3.2M
Avg Position: $8.2M
Median Position: $2.7M

Ownership Breakdown

Institutional (non-HF)

93.9%

$6.8B

Hedge Funds

5.32%

$384.7M

Retail & Other

0.781%

$56.5M

Based on market cap of $7.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FSS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.1B 0.02% of portfolio	14.67% 8.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$797.4M 0.01% of portfolio	11.02% 6.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
C Capital World Investors Institution	-	$269.2M 0.04% of portfolio	3.72% 2.3M shares	Q4 2024 Held for 11 months	$730.00B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$268.3M 0.01% of portfolio	3.71% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$234.1M 0.04% of portfolio	3.24% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$203.2M 0.01% of portfolio	2.81% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
FMR LLC Institution	-	$183.5M 0.01% of portfolio	2.54% 1.5M shares	Q1 2014 Held for 11y 8m	$1.92T
N Neuberger Berman Group LLC Institution	-	$178.1M 0.13% of portfolio	2.46% 1.5M shares	Q4 2020 Held for 4y 11m	$136.94B
WASATCH ADVISORS INC Long Only Manager	Michael Kenneth Yeates CEO	$174.5M 0.94% of portfolio	2.41% 1.5M shares	Q3 2025 Held for 2 months	$18.6B
M MACQUARIE GROUP LTD Institution	-	$165.1M 0.20% of portfolio	2.28% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$82.9B

Net Capital Flow

Institutional buying and selling activity for FSS in Q3 2025

Traded: +$703.0K
Buyers: 192
Sellers: 206
Total Bought: +$709.4M
Total Sold: −$708.6M
Avg Position: $15.6M

Biggest Buyers

Institution	Net Bought	Current Position
WASATCH ADVISORS INC Long Only Manager	+$174.5M +1.5M shares	$174.5M 1.5M shares
A Allianz Asset Management AG Institution	+$108.9M +915.1K shares	$108.9M 915.1K shares
MORGAN STANLEY RIA/Wealth	+$38.6M +324.6K shares	$123.1M 1.0M shares
Invesco Ltd. ETF Provider	+$32.4M +271.9K shares	$234.1M 2.0M shares
UBS Group AG Institution	+$31.5M +265.1K shares	$72.5M 609.6K shares
A Assenagon Asset Management S.A. Institution	+$23.0M +193.6K shares	$23.0M 193.6K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$21.0M +176.9K shares	$31.6M 265.3K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$18.9M +158.9K shares	$107.1M 900.4K shares
B BESSEMER GROUP INC Institution	+$18.3M +153.5K shares	$18.3M 154.0K shares
D D. E. Shaw & Co., Inc. Institution	+$16.7M +140.0K shares	$17.9M 150.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$57.8M −486.1K shares	$20.3M 170.9K shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	−$49.9M −469.2K shares	Sold Off 0 shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$42.0M −352.9K shares	$88.3M 742.0K shares
Conestoga Capital Advisors, LLC Long Only Manager	−$30.3M −254.9K shares	$130.7M 1.1M shares
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	−$27.8M −233.7K shares	$72.2M 606.8K shares
Greenvale Capital LLP Hedge Fund•Long/Short	−$25.5M −239.5K shares	Sold Off 0 shares
Van Berkom & Associates Inc. Long Only Manager	−$23.8M −199.9K shares	$75.8M 637.0K shares
Ranger Investment Management, L.P. Long Only Manager	−$22.7M −190.8K shares	$23.1M 194.2K shares
FIRST TRUST ADVISORS LP ETF Provider	−$22.3M −187.2K shares	$156.4M 1.3M shares
M MACQUARIE GROUP LTD Institution	−$18.7M −156.9K shares	$165.1M 1.4M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FSS in Q3 2025

New Positions: 29
New Value: $190.3M
Exited Positions: 35
Exited Value: $124.4M

New Positions

Institution	Position Value
WASATCH ADVISORS INC Long Only Manager	$174.5M 1.5M shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$4.1M 34.1K shares
Morningstar Investment Management LLC Long Only Manager	$2.2M 18.1K shares
Redhawk Wealth Advisors, Inc. RIA/Wealth	$1.7M 13.9K shares
Horizon Investments, LLC/SC Long Only Manager	$1.4M 12.0K shares
Voleon Capital Management LP Hedge Fund•Quant	$918.7K 7.7K shares
T TWO SIGMA SECURITIES, LLC Institution	$816.3K 6.9K shares
Change Path, LLC RIA/Wealth	$710.5K 6.0K shares
Grandeur Peak Global Advisors, LLC Long Only Manager	$681.7K 5.7K shares
E Ethic Inc. RIA/Wealth	$536.2K 4.5K shares

Exited Positions

Institution	Previous Position
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	$49.9M 469.2K shares
Greenvale Capital LLP Hedge Fund•Long/Short	$25.5M 239.5K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$11.6M 109.4K shares
A AXA Institution	$8.6M 81.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$8.1M 76.1K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$4.6M 43.1K shares
Advantage Alpha Capital Partners LP Hedge Fund•Market Neutral	$3.5M 32.8K shares
Marshall Wace LLP Institution	$2.2M 21.1K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$2.1M 19.3K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$1.4M 13.3K shares

Options Activity

Institutions with the largest Call and Put options positions in FSS as of Q3 2025

Call Positions: 4
Call Value: $3.1M
Put Positions: 2
Put Value: $428.4K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.1M 180.0 contracts
J JANE STREET GROUP, LLC Institution	$464.1K 39.0 contracts
W WOLVERINE TRADING, LLC Institution	$297.6K 25.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$238.0K 20.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$226.1K 19.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$202.3K 17.0 contracts

Most Committed Institutions

Institutions with FSS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
4D Advisors, LLC Hedge Fund•Long/Short	Kurt F Graeber Managing Partner	3.48% $6.5M	0.09% 55.0K shares	Q4 2024 Held for 11 months	$187.8M
Pembroke Management, LTD Long Only Manager	Nicolas Gilles Chevalier CEO	3.32% $33.5M	0.46% 281.2K shares	Q4 2023 Held for 1y 11m	$1.0B
Global Alpha Capital Management Ltd. Long Only Manager	Robert Beauregard President	3.17% $55.5M	0.77% 466.6K shares	Q1 2020 Held for 5y 8m	$1.7B
NEUMEIER POMA INVESTMENT COUNSEL LLC Long Only Manager	Brian David Poma CEO	2.43% $29.7M	0.41% 250.0K shares	Q1 2018 Held for 7y 8m	$1.2B
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	2.15% $75.8M	1.05% 637.0K shares	Q2 2020 Held for 5y 5m	$3.5B
Conestoga Capital Advisors, LLC Long Only Manager	Joseph Francis Monahan Partner	2.10% $130.7M	1.81% 1.1M shares	Q2 2023 Held for 2y 5m	$6.2B
P Prospect Capital Advisors, LLC Hedge Fund•Long/Short	Daniel William Mendoza Managing Partner	1.86% $3.6M	0.05% 30.2K shares	Q3 2022 Held for 3y 2m	$193.0M
Ranger Investment Management, L.P. Long Only Manager	Andrew Ferguson Hill President	1.61% $23.1M	0.32% 194.2K shares	Q2 2023 Held for 2y 5m	$1.4B
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	David John Corkins Managing Partner	1.34% $72.2M	1.00% 606.8K shares	Q3 2024 Held for 1y 2m	$5.4B
Aperture Investors, LLC Hedge Fund•Multi-Strategy	Peter Steven Kraus CEO	1.34% $9.6M	0.13% 80.9K shares	Q4 2022 Held for 2y 11m	$719.9M

Hedge Fund Spotlight

Discover hedge funds investing in FSS

TWO SIGMA ADVISERS, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $50.0B
Positions: 2,312
Last Reported: Q3 2025

Sector Allocation

Position in Federal Signal

Market Value: $19.3M
Shares Held: 162.3K
Portfolio Weight: 0.04%
Owned Since: 2021-Q1

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