Waste Connections
334 hedge funds and large institutions have $10.5B invested in Waste Connections in 2016 Q2 according to their latest regulatory filings, with 76 funds opening new positions, 119 increasing their positions, 109 reducing their positions, and 76 closing their positions.
1,934% more call options, than puts
Call options by funds: $52.5M | Put options by funds: $2.58M
64% more funds holding in top 10
Funds holding in top 10: 11 → 18 (+7)
34% more capital invested
Capital invested by funds: $7.87B → $10.5B (+$2.64B)
9% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 109
0% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 76
1% less funds holding
Funds holding: 337 → 334 (-3)
23.55% less ownership
Funds ownership: 151.19% → 127.64% (-24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
+$320M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$303M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$239M |
| 4 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
+$235M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$188M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$275M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$227M |
| 3 |
State Street
Boston,
Massachusetts
|
-$186M |
| 4 |
Bank of New York Mellon
New York
|
-$77.1M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$67.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMFA
401
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$22K | -506 | Closed |
|
|
KT
402
Kanaly Trust
Houston,
Texas
| – | -$21K | -488 | Closed |
|
|
HDIM
403
Hanson & Doremus Investment Management
Burlington,
Vermont
| – | -$19K | -450 | Closed |
|
|
WCBA
404
Weaver C. Barksdale & Associates
Nashville,
Tennessee
| – | -$9K | -198 | Closed |
|
|
MA
405
MUFG Americas
New York
| – | -$8K | -189 | Closed |
|
|
PHK
406
Point72 Hong Kong
Hong Kong
| – | -$6K | -150 | Closed |
|
|
LNB
407
Ledyard National Bank
| – | -$6K | -147 | Closed |
|
|
PCM
408
Penserra Capital Management
Orinda,
California
| – | -$6 | -146 | Closed |
|
|
CFA
409
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$4K | -111 | Closed |
|
410
AssetMark Inc
Concord,
California
| – | +$273 | +6 | New |
|
WCN Hedge Fund Activity: Q2 2016 in Review
334 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q2 2016, worth a combined $10.5B — up 34% from $7.87B a quarter earlier.
Fund positioning in WCN was balanced in Q2 2016: 76 funds opened new positions, 76 closed out, 119 added to existing stakes and 109 trimmed.
The largest buyer was Maverick Capital, adding an estimated $320M. The largest seller was BlackRock Fund Advisors, cutting an estimated $275M.
- 334 institutional investors held Waste Connections (WCN) as of Q2 2016, down from 337 in Q1 2016.
- Funds reported $10.5B of Waste Connections stock for Q2 2016, up 34% quarter-over-quarter.
- 76 funds opened new Waste Connections positions in Q2 2016 and 76 closed out, a net change of 0 holders.
- The largest Waste Connections buyer in Q2 2016 was Maverick Capital, an estimated $320M added.
- The largest Waste Connections seller in Q2 2016 was BlackRock Fund Advisors, an estimated $275M sold.
Based on aggregated 13F filings for Q2 2016.