GFL Environmental Inc. Tangible Equity Units
GFLU
GFLU was delisted on the 14th of March, 2023.
34 hedge funds and large institutions have $641M invested in GFL Environmental Inc. Tangible Equity Units in 2022 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
17% more funds holding
Funds holding: 29 → 34 (+5)
16% less capital invested
Capital invested by funds: $764M → $641M (-$123M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
+$38.1M |
| 2 |
SM
Skaana Management
Brooklyn,
New York
|
+$23.2M |
| 3 |
Morgan Stanley
New York
|
+$13.7M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$13.2M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$8.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$87M |
| 2 |
Jennison Associates
New York
|
-$23.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.89M |
| 4 |
State Street
Boston,
Massachusetts
|
-$3.52M |
| 5 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$3.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Canada Life
Winnipeg,
Manitoba, Canada
| $1.32M | +$1.65M | +24,452 | +219% |
|
|
27
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $1.25M | -$87M | -1,285,621 | -98% |
|
|
CS
28
Credit Suisse
Zurich,
Switzerland
| $1.19M | – | – | – |
|
|
AII
29
AGF Investments Inc
Toronto,
Ontario, Canada
| $832K | -$474K | -7,000 | -33% |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $410K | +$467K | +6,909 | New |
|
31
UBS Group
Zurich,
Switzerland
| $118K | +$135K | +1,993 | New |
|
|
N
32
Nuveen
Charlotte,
North Carolina
| $48K | – | – | – |
|
33
Citigroup
New York
| $30K | +$33.8K | +499 | New |
|
|
TWC
34
TD Waterhouse Canada
Toronto,
Ontario, Canada
| $25.1K | – | – | – |
|
|
CQS
35
Credential Qtrade Securities
Vancouver,
| $2.32K | – | – | – |
|
36
Bank of Montreal
Toronto,
Ontario, Canada
| $48 | – | – | – |
|
|
37
Jennison Associates
New York
| – | -$23.4M | -315,938 | Closed |
|
GFLU Hedge Fund Activity: Q2 2022 in Review
34 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in GFL Environmental Inc. Tangible Equity Units (GFLU) for Q2 2022, worth a combined $641M — down 16% from $764M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GFLU positions and 1 closed out — a net gain of 5 holders — while 14 added to existing stakes and 7 trimmed.
The largest buyer was Highbridge Capital Management, adding an estimated $38.1M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $87M.
- 34 institutional investors held GFL Environmental Inc. Tangible Equity Units (GFLU) as of Q2 2022, up from 29 in Q1 2022.
- Funds reported $641M of GFL Environmental Inc. Tangible Equity Units stock for Q2 2022, down 16% quarter-over-quarter.
- 6 funds opened new GFL Environmental Inc. Tangible Equity Units positions in Q2 2022 and 1 closed out, a net change of +5 holders.
- The largest GFL Environmental Inc. Tangible Equity Units buyer in Q2 2022 was Highbridge Capital Management, an estimated $38.1M added.
- The largest GFL Environmental Inc. Tangible Equity Units seller in Q2 2022 was Manulife (Manufacturers Life Insurance), an estimated $87M sold.
Based on aggregated 13F filings for Q2 2022.