Republic Services
1,085 hedge funds and large institutions have $31B invested in Republic Services in 2023 Q4 according to their latest regulatory filings, with 185 funds opening new positions, 344 increasing their positions, 400 reducing their positions, and 49 closing their positions.
278% more first-time investments, than exits
New positions opened: 185 | Existing positions closed: 49
76% more call options, than puts
Call options by funds: $83.2M | Put options by funds: $47.2M
28% more funds holding in top 10
Funds holding in top 10: 18 → 23 (+5)
19% more capital invested
Capital invested by funds: $26.1B → $31B (+$4.91B)
13% more funds holding
Funds holding: 961 → 1,085 (+124)
2.05% more ownership
Funds ownership: 57.65% → 59.7% (+2%)
14% less repeat investments, than reductions
Existing positions increased: 344 | Existing positions reduced: 400
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$853M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$821M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$54.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$49.9M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$39.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$184M |
| 2 |
JP Morgan Chase
New York
|
-$171M |
| 3 |
Pictet Asset Management
Carouge,
Switzerland
|
-$91M |
| 4 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
-$58.2M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$56.5M |
RSG Hedge Fund Activity: Q4 2023 in Review
1,085 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Republic Services (RSG) for Q4 2023, worth a combined $31B — up 19% from $26.1B a quarter earlier.
Buyers outnumbered sellers: 185 funds opened new RSG positions and 49 closed out — a net gain of 136 holders — while 344 added to existing stakes and 400 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $853M. The largest seller was BlackRock, cutting an estimated $184M.
- 1,085 institutional investors held Republic Services (RSG) as of Q4 2023, up from 961 in Q3 2023.
- Funds reported $31B of Republic Services stock for Q4 2023, up 19% quarter-over-quarter.
- 185 funds opened new Republic Services positions in Q4 2023 and 49 closed out, a net change of +136 holders.
- The largest Republic Services buyer in Q4 2023 was Morgan Stanley, an estimated $853M added.
- The largest Republic Services seller in Q4 2023 was BlackRock, an estimated $184M sold.
Based on aggregated 13F filings for Q4 2023.