Waste Connections
WCN
607 hedge funds and large institutions have $30.4B invested in Waste Connections in 2023 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 256 increasing their positions, 195 reducing their positions, and 50 closing their positions.
479% more call options, than puts
Call options by funds: $21.6M | Put options by funds: $3.73M
31% more repeat investments, than reductions
Existing positions increased: 256 | Existing positions reduced: 195
12% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 50
0.65% more ownership
Funds ownership: 86.99% → 87.64% (+0.65%)
0% more funds holding
Funds holding: 606 → 607 (+1)
0% more funds holding in top 10
Funds holding in top 10: 18 → 18 (0)
5% less capital invested
Capital invested by funds: $32B → $30.4B (-$1.61B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$269M |
| 2 |
WCM Investment Management
Laguna Beach,
California
|
+$162M |
| 3 |
Goldman Sachs
New York
|
+$135M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$97M |
| 5 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$88.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$417M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$161M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$152M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$72.6M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$61.5M |
WCN Hedge Fund Activity: Q3 2023 in Review
607 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q3 2023, worth a combined $30.4B — down 5% from $32B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new WCN positions and 50 closed out — a net gain of 6 holders — while 256 added to existing stakes and 195 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $269M. The largest seller was Fidelity Investments, cutting an estimated $417M.
- 607 institutional investors held Waste Connections (WCN) as of Q3 2023, up from 606 in Q2 2023.
- Funds reported $30.4B of Waste Connections stock for Q3 2023, down 5% quarter-over-quarter.
- 56 funds opened new Waste Connections positions in Q3 2023 and 50 closed out, a net change of +6 holders.
- The largest Waste Connections buyer in Q3 2023 was Royal Bank of Canada, an estimated $269M added.
- The largest Waste Connections seller in Q3 2023 was Fidelity Investments, an estimated $417M sold.
Based on aggregated 13F filings for Q3 2023.