GFL Environmental Inc. Tangible Equity Units
GFLU
GFLU was delisted on the 14th of March, 2023.
25 hedge funds and large institutions have $1.12B invested in GFL Environmental Inc. Tangible Equity Units in 2021 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 5 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
15% more capital invested
Capital invested by funds: $974M → $1.12B (+$147M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
11% less funds holding
Funds holding: 28 → 25 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$21.2M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$12.7M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$12.5M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$8.77M |
| 5 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$6.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
-$1.21B |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$28.5M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$24M |
| 4 |
HCM
Highbridge Capital Management
New York
|
-$11.9M |
| 5 |
Goldman Sachs
New York
|
-$9.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of Montreal
Toronto,
Ontario, Canada
| $70K | – | – | – |
|
27
Morgan Stanley
New York
| $60K | +$52.6K | +716 | +6,509% |
|
|
CQS
28
Credential Qtrade Securities
Vancouver,
| $3.18K | – | – | – |
|
|
AA
29
AQR Arbitrage
Greenwich,
Connecticut
| – | -$24M | -344,475 | Closed |
|
|
30
Goldman Sachs
New York
| – | -$9.41M | -133,532 | Closed |
|
|
ICM
31
III Capital Management
Boca Raton,
Florida
| – | -$3.48M | -50,000 | Closed |
|
32
CI Investments Inc
Toronto,
Ontario, Canada
| – | -$2.47M | -35,000 | Closed |
|
|
WAM
33
Warberg Asset Management
Winnetka,
Illinois
| – | -$536K | -7,638 | Closed |
|
GFLU Hedge Fund Activity: Q1 2021 in Review
25 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in GFL Environmental Inc. Tangible Equity Units (GFLU) for Q1 2021, worth a combined $1.12B — up 15% from $974M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GFLU and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was D.E. Shaw & Co, adding an estimated $21.2M. The largest seller was Verition Fund Management, cutting an estimated $1.21B.
- 25 institutional investors held GFL Environmental Inc. Tangible Equity Units (GFLU) as of Q1 2021, down from 28 in Q4 2020.
- Funds reported $1.12B of GFL Environmental Inc. Tangible Equity Units stock for Q1 2021, up 15% quarter-over-quarter.
- 2 funds opened new GFL Environmental Inc. Tangible Equity Units positions in Q1 2021 and 5 closed out, a net change of -3 holders.
- The largest GFL Environmental Inc. Tangible Equity Units buyer in Q1 2021 was D.E. Shaw & Co, an estimated $21.2M added.
- The largest GFL Environmental Inc. Tangible Equity Units seller in Q1 2021 was Verition Fund Management, an estimated $1.21B sold.
Based on aggregated 13F filings for Q1 2021.