Waste Connections
WCN
410 hedge funds and large institutions have $21.4B invested in Waste Connections in 2019 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 147 increasing their positions, 148 reducing their positions, and 54 closing their positions.
38% more call options, than puts
Call options by funds: $26.6M | Put options by funds: $19.3M
7% more capital invested
Capital invested by funds: $20B → $21.4B (+$1.41B)
5% more funds holding in top 10
Funds holding in top 10: 19 → 20 (+1)
0.46% less ownership
Funds ownership: 85.55% → 85.09% (-0.46%)
1% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 148
4% less funds holding
Funds holding: 425 → 410 (-15)
20% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$239M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$221M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$120M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$101M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$72.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$188M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$79.5M |
| 3 |
MSE
MUFG Securities EMEA
London,
United Kingdom
|
-$76.2M |
| 4 |
Renaissance Technologies
New York
|
-$66.5M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$59M |
WCN Hedge Fund Activity: Q2 2019 in Review
410 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q2 2019, worth a combined $21.4B — up 7.1% from $20B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of WCN and 43 opened new positions — a net loss of 11 holders — while 148 trimmed existing stakes and 147 added.
The largest buyer was BlackRock, adding an estimated $239M. The largest seller was Wellington Management Group, cutting an estimated $188M.
- 410 institutional investors held Waste Connections (WCN) as of Q2 2019, down from 425 in Q1 2019.
- Funds reported $21.4B of Waste Connections stock for Q2 2019, up 7.1% quarter-over-quarter.
- 43 funds opened new Waste Connections positions in Q2 2019 and 54 closed out, a net change of -11 holders.
- The largest Waste Connections buyer in Q2 2019 was BlackRock, an estimated $239M added.
- The largest Waste Connections seller in Q2 2019 was Wellington Management Group, an estimated $188M sold.
Based on aggregated 13F filings for Q2 2019.