GFL Environmental Inc. Tangible Equity Units
GFLU
GFLU was delisted on the 14th of March, 2023.
25 hedge funds and large institutions have $1B invested in GFL Environmental Inc. Tangible Equity Units in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 3 closing their positions.
22% more capital invested
Capital invested by funds: $819M → $1B (+$182M)
0% more funds holding
Funds holding: 25 → 25 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$32M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$8.83M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
+$8.01M |
| 4 |
State Street
Boston,
Massachusetts
|
+$5.73M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
-$60.1M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$27.6M |
| 3 |
HCM
Highbridge Capital Management
New York
|
-$12M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$8.28M |
| 5 |
D.E. Shaw & Co
New York
|
-$8.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of Montreal
Toronto,
Ontario, Canada
| $68K | – | – | – |
|
|
CQS
27
Credential Qtrade Securities
Vancouver,
| $3.32K | – | – | – |
|
|
MSU
28
Mizuho Securities USA
New York
| – | -$1.55M | -20,853 | Closed |
|
|
WAM
29
Warberg Asset Management
Winnetka,
Illinois
| – | -$907K | -12,130 | Closed |
|
30
Jane Street
New York
| – | -$541K | -7,238 | Closed |
|
GFLU Hedge Fund Activity: Q3 2021 in Review
25 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in GFL Environmental Inc. Tangible Equity Units (GFLU) for Q3 2021, worth a combined $1B — up 22% from $819M a quarter earlier.
Fund positioning in GFLU was balanced in Q3 2021: 3 funds opened new positions, 3 closed out, 6 added to existing stakes and 10 trimmed.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $32M. The largest seller was Davidson Kempner Capital Management, cutting an estimated $60.1M.
- 25 institutional investors held GFL Environmental Inc. Tangible Equity Units (GFLU) as of Q3 2021, unchanged from Q2 2021.
- Funds reported $1B of GFL Environmental Inc. Tangible Equity Units stock for Q3 2021, up 22% quarter-over-quarter.
- 3 funds opened new GFL Environmental Inc. Tangible Equity Units positions in Q3 2021 and 3 closed out, a net change of 0 holders.
- The largest GFL Environmental Inc. Tangible Equity Units buyer in Q3 2021 was Weiss Asset Management, an estimated $32M added.
- The largest GFL Environmental Inc. Tangible Equity Units seller in Q3 2021 was Davidson Kempner Capital Management, an estimated $60.1M sold.
Based on aggregated 13F filings for Q3 2021.