Republic Services
938 hedge funds and large institutions have $25B invested in Republic Services in 2023 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 368 increasing their positions, 327 reducing their positions, and 75 closing their positions.
31% more funds holding in top 10
Funds holding in top 10: 13 → 17 (+4)
28% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 75
13% more repeat investments, than reductions
Existing positions increased: 368 | Existing positions reduced: 327
8% more capital invested
Capital invested by funds: $23.1B → $25B (+$1.88B)
7.96% more ownership
Funds ownership: 57.91% → 65.86% (+8%)
0% more funds holding
Funds holding: 935 → 938 (+3)
8% less call options, than puts
Call options by funds: $32.3M | Put options by funds: $35.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$229M |
| 2 |
Morgan Stanley
New York
|
+$157M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$145M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$138M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$107M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$408M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$136M |
| 3 |
Goldman Sachs
New York
|
-$71.8M |
| 4 |
Millennium Management
New York
|
-$64.1M |
| 5 |
BlackRock
New York
|
-$58M |
RSG Hedge Fund Activity: Q1 2023 in Review
938 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Republic Services (RSG) for Q1 2023, worth a combined $25B — up 8.1% from $23.1B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new RSG positions and 75 closed out — a net gain of 21 holders — while 368 added to existing stakes and 327 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $229M. The largest seller was T. Rowe Price Associates, cutting an estimated $408M.
- 938 institutional investors held Republic Services (RSG) as of Q1 2023, up from 935 in Q4 2022.
- Funds reported $25B of Republic Services stock for Q1 2023, up 8.1% quarter-over-quarter.
- 96 funds opened new Republic Services positions in Q1 2023 and 75 closed out, a net change of +21 holders.
- The largest Republic Services buyer in Q1 2023 was JP Morgan Chase, an estimated $229M added.
- The largest Republic Services seller in Q1 2023 was T. Rowe Price Associates, an estimated $408M sold.
Based on aggregated 13F filings for Q1 2023.