Waste Connections
529 hedge funds and large institutions have $29.3B invested in Waste Connections in 2021 Q4 according to their latest regulatory filings, with 92 funds opening new positions, 196 increasing their positions, 150 reducing their positions, and 27 closing their positions.
241% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 27
31% more repeat investments, than reductions
Existing positions increased: 196 | Existing positions reduced: 150
29% more call options, than puts
Call options by funds: $22M | Put options by funds: $17M
12% more funds holding
Funds holding: 472 → 529 (+57)
7% more capital invested
Capital invested by funds: $27.5B → $29.3B (+$1.85B)
0.9% more ownership
Funds ownership: 83.61% → 84.51% (+0.9%)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$235M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$102M |
| 3 |
PAMS
Pictet Asset Management (Switzerland)
Geneva 73,
Switzerland
|
+$96M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$93.7M |
| 5 |
Millennium Management
New York
|
+$75.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$342M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$313M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$140M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$139M |
| 5 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$112M |
WCN Hedge Fund Activity: Q4 2021 in Review
529 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q4 2021, worth a combined $29.3B — up 6.7% from $27.5B a quarter earlier.
Buyers outnumbered sellers: 92 funds opened new WCN positions and 27 closed out — a net gain of 65 holders — while 196 added to existing stakes and 150 trimmed.
The largest buyer was BlackRock, adding an estimated $235M. The largest seller was Bank of Montreal, cutting an estimated $342M.
- 529 institutional investors held Waste Connections (WCN) as of Q4 2021, up from 472 in Q3 2021.
- Funds reported $29.3B of Waste Connections stock for Q4 2021, up 6.7% quarter-over-quarter.
- 92 funds opened new Waste Connections positions in Q4 2021 and 27 closed out, a net change of +65 holders.
- The largest Waste Connections buyer in Q4 2021 was BlackRock, an estimated $235M added.
- The largest Waste Connections seller in Q4 2021 was Bank of Montreal, an estimated $342M sold.
Based on aggregated 13F filings for Q4 2021.