Republic Services
464 hedge funds and large institutions have $8.55B invested in Republic Services in 2014 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 183 increasing their positions, 176 reducing their positions, and 40 closing their positions.
56% more funds holding in top 10
Funds holding in top 10: 9 → 14 (+5)
4% more repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 176
4% more capital invested
Capital invested by funds: $8.23B → $8.55B (+$318M)
2% more call options, than puts
Call options by funds: $2.19M | Put options by funds: $2.14M
0.55% more ownership
Funds ownership: 68.88% → 69.43% (+0.55%)
8% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 40
1% less funds holding
Funds holding: 470 → 464 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$97.6M |
| 2 |
SB
Suntrust Banks
Atlanta,
Georgia
|
+$74.8M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$52.7M |
| 4 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
+$47.8M |
| 5 |
Axa
Paris,
France
|
+$39.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$99.5M |
| 2 |
Bank of New York Mellon
New York
|
-$64.4M |
| 3 |
SSM
Sound Shore Management
Greenwich,
Connecticut
|
-$63.4M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$48.1M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$37.3M |
RSG Hedge Fund Activity: Q1 2014 in Review
464 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Republic Services (RSG) for Q1 2014, worth a combined $8.55B — up 3.9% from $8.23B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of RSG and 37 opened new positions — a net loss of 3 holders — while 176 trimmed existing stakes and 183 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $97.6M. The largest seller was Norges Bank, cutting an estimated $99.5M.
- 464 institutional investors held Republic Services (RSG) as of Q1 2014, down from 470 in Q4 2013.
- Funds reported $8.55B of Republic Services stock for Q1 2014, up 3.9% quarter-over-quarter.
- 37 funds opened new Republic Services positions in Q1 2014 and 40 closed out, a net change of -3 holders.
- The largest Republic Services buyer in Q1 2014 was T. Rowe Price Associates, an estimated $97.6M added.
- The largest Republic Services seller in Q1 2014 was Norges Bank, an estimated $99.5M sold.
Based on aggregated 13F filings for Q1 2014.