Waste Connections
270 hedge funds and large institutions have $5.8B invested in Waste Connections in 2014 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 98 increasing their positions, 93 reducing their positions, and 13 closing their positions.
115% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 13
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
15% more capital invested
Capital invested by funds: $5.05B → $5.8B (+$748M)
5% more funds holding
Funds holding: 256 → 270 (+14)
4.57% more ownership
Funds ownership: 139.9% → 144.47% (+4.6%)
5% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 93
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
+$116M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$66.8M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$48.1M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$37M |
| 5 |
Bank of New York Mellon
New York
|
+$17.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$99.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$39.8M |
| 3 |
SCM
Sandler Capital Management
New York
|
-$29.1M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$25.2M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$20.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AL
276
Airain Ltd
St. Peter Port,
Guernsey
| – | -$1.03M | -35,289 | Closed |
|
|
SCM
277
Stux Capital Management
New York
| – | -$412K | -14,100 | Closed |
|
|
BC
278
Burney Company
Reston,
Virginia
| – | -$334K | -11,435 | Closed |
|
|
NCCM
279
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$329K | -11,250 | Closed |
|
280
Two Sigma Advisers
New York
| – | -$295K | -10,101 | Closed |
|
|
PP
281
Paloma Partners
Greenwich,
Connecticut
| – | -$279K | -9,558 | Closed |
|
|
SCA
282
SAC Capital Advisors
Stamford,
Connecticut
| – | -$206K | -7,053 | Closed |
|
WCN Hedge Fund Activity: Q2 2014 in Review
270 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q2 2014, worth a combined $5.8B — up 15% from $5.05B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new WCN positions and 13 closed out — a net gain of 15 holders — while 98 added to existing stakes and 93 trimmed.
The largest buyer was Maverick Capital, opening a new position worth an estimated $116M. The largest seller was T. Rowe Price Associates, cutting an estimated $99.8M.
- 270 institutional investors held Waste Connections (WCN) as of Q2 2014, up from 256 in Q1 2014.
- Funds reported $5.8B of Waste Connections stock for Q2 2014, up 15% quarter-over-quarter.
- 28 funds opened new Waste Connections positions in Q2 2014 and 13 closed out, a net change of +15 holders.
- The largest Waste Connections buyer in Q2 2014 was Maverick Capital, an estimated $116M added.
- The largest Waste Connections seller in Q2 2014 was T. Rowe Price Associates, an estimated $99.8M sold.
Based on aggregated 13F filings for Q2 2014.