GFL Environmental Inc. Tangible Equity Units
GFLU
GFLU was delisted on the 14th of March, 2023.
26 hedge funds and large institutions have $744M invested in GFL Environmental Inc. Tangible Equity Units in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 6 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
8% more capital invested
Capital invested by funds: $691M → $744M (+$53.3M)
4% less funds holding
Funds holding: 27 → 26 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
+$21.9M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$18.2M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$16.8M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$13.1M |
| 5 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$87.7M |
| 2 |
Blackstone Inc
New York
|
-$5.03M |
| 3 |
State Street
Boston,
Massachusetts
|
-$3.85M |
| 4 |
JP Morgan Chase
New York
|
-$3.29M |
| 5 |
MA
MUFG Americas
New York
|
-$924K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AII
26
AGF Investments Inc
Toronto,
Ontario, Canada
| $800K | -$260K | -5,000 | -25% |
|
27
Invesco
Atlanta,
Georgia
| $405K | -$124K | -2,390 | -24% |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $199K | -$84.2K | -1,619 | -30% |
|
|
N
29
Nuveen
Charlotte,
North Carolina
| $80K | – | – | – |
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| $6K | – | – | – |
|
|
CQS
31
Credential Qtrade Securities
Vancouver,
| $2.08K | +$2.03K | +39 | New |
|
|
LP
32
LMR Partners
London,
United Kingdom
| – | -$75K | -150,000 | Closed |
|
|
33
Blackstone Inc
New York
| – | -$5.03M | -103,185 | Closed |
|
|
MA
34
MUFG Americas
New York
| – | -$924K | -18,908 | Closed |
|
|
SC
35
Scotia Capital
Toronto,
Ontario, Canada
| – | -$278K | -5,700 | Closed |
|
36
Morgan Stanley
New York
| – | -$27K | -539 | Closed |
|
GFLU Hedge Fund Activity: Q3 2020 in Review
26 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in GFL Environmental Inc. Tangible Equity Units (GFLU) for Q3 2020, worth a combined $744M — up 7.7% from $691M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GFLU and 5 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 11 added.
The largest buyer was Highbridge Capital Management, adding an estimated $21.9M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $87.7M.
- 26 institutional investors held GFL Environmental Inc. Tangible Equity Units (GFLU) as of Q3 2020, down from 27 in Q2 2020.
- Funds reported $744M of GFL Environmental Inc. Tangible Equity Units stock for Q3 2020, up 7.7% quarter-over-quarter.
- 5 funds opened new GFL Environmental Inc. Tangible Equity Units positions in Q3 2020 and 6 closed out, a net change of -1 holder.
- The largest GFL Environmental Inc. Tangible Equity Units buyer in Q3 2020 was Highbridge Capital Management, an estimated $21.9M added.
- The largest GFL Environmental Inc. Tangible Equity Units seller in Q3 2020 was Manulife (Manufacturers Life Insurance), an estimated $87.7M sold.
Based on aggregated 13F filings for Q3 2020.