GFL Environmental Inc. Tangible Equity Units
GFLU
GFLU was delisted on the 14th of March, 2023.
28 hedge funds and large institutions have $974M invested in GFL Environmental Inc. Tangible Equity Units in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 2 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
31% more capital invested
Capital invested by funds: $744M → $974M (+$230M)
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
8% more funds holding
Funds holding: 26 → 28 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
+$1.01B |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$16.6M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$8.04M |
| 4 |
D.E. Shaw & Co
New York
|
+$7.84M |
| 5 |
HCM
Highbridge Capital Management
New York
|
+$5.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$19.2M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$7.69M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$3.76M |
| 4 |
ICM
III Capital Management
Boca Raton,
Florida
|
-$3.02M |
| 5 |
Goldman Sachs
New York
|
-$2.33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Invesco
Atlanta,
Georgia
| $536K | – | – | – |
|
|
WAM
27
Warberg Asset Management
Winnetka,
Illinois
| $536K | +$462K | +7,638 | New |
|
28
Bank of Montreal
Toronto,
Ontario, Canada
| $14K | – | – | – |
|
|
CQS
29
Credential Qtrade Securities
Vancouver,
| $2.75K | – | – | – |
|
30
Morgan Stanley
New York
| $1K | +$665 | +11 | New |
|
31
JP Morgan Chase
New York
| – | -$1.96M | -36,800 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$199K | -3,724 | Closed |
|
GFLU Hedge Fund Activity: Q4 2020 in Review
28 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in GFL Environmental Inc. Tangible Equity Units (GFLU) for Q4 2020, worth a combined $974M — up 31% from $744M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GFLU positions and 2 closed out — a net gain of 2 holders — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Verition Fund Management, adding an estimated $1.01B. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $19.2M.
- 28 institutional investors held GFL Environmental Inc. Tangible Equity Units (GFLU) as of Q4 2020, up from 26 in Q3 2020.
- Funds reported $974M of GFL Environmental Inc. Tangible Equity Units stock for Q4 2020, up 31% quarter-over-quarter.
- 4 funds opened new GFL Environmental Inc. Tangible Equity Units positions in Q4 2020 and 2 closed out, a net change of +2 holders.
- The largest GFL Environmental Inc. Tangible Equity Units buyer in Q4 2020 was Verition Fund Management, an estimated $1.01B added.
- The largest GFL Environmental Inc. Tangible Equity Units seller in Q4 2020 was Manulife (Manufacturers Life Insurance), an estimated $19.2M sold.
Based on aggregated 13F filings for Q4 2020.