Waste Connections
WCN
367 hedge funds and large institutions have $14.5B invested in Waste Connections in 2017 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 114 increasing their positions, 175 reducing their positions, and 20 closing their positions.
135% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 20
12% more funds holding in top 10
Funds holding in top 10: 17 → 19 (+2)
9% more capital invested
Capital invested by funds: $13.2B → $14.5B (+$1.23B)
7% more funds holding
Funds holding: 343 → 367 (+24)
18% less call options, than puts
Call options by funds: $3.9M | Put options by funds: $4.76M
35% less repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 175
43% less ownership
Funds ownership: 127.64% → 84.65% (-43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$201M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$192M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$132M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$66.6M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$63.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$172M |
| 2 |
MC
Maverick Capital
Dallas,
Texas
|
-$132M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$109M |
| 4 |
CGT
Capital Guardian Trust
Los Angeles,
California
|
-$96.6M |
| 5 |
FPP
Findlay Park Partners
London,
United Kingdom
|
-$77.7M |
WCN Hedge Fund Activity: Q2 2017 in Review
367 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q2 2017, worth a combined $14.5B — up 9.3% from $13.2B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new WCN positions and 20 closed out — a net gain of 27 holders — while 114 added to existing stakes and 175 trimmed.
The largest buyer was CIBC World Market, opening a new position worth an estimated $201M. The largest seller was 1832 Asset Management, cutting an estimated $172M.
- 367 institutional investors held Waste Connections (WCN) as of Q2 2017, up from 343 in Q1 2017.
- Funds reported $14.5B of Waste Connections stock for Q2 2017, up 9.3% quarter-over-quarter.
- 47 funds opened new Waste Connections positions in Q2 2017 and 20 closed out, a net change of +27 holders.
- The largest Waste Connections buyer in Q2 2017 was CIBC World Market, an estimated $201M added.
- The largest Waste Connections seller in Q2 2017 was 1832 Asset Management, an estimated $172M sold.
Based on aggregated 13F filings for Q2 2017.