Waste Connections
WCN
426 hedge funds and large institutions have $16.4B invested in Waste Connections in 2018 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 143 increasing their positions, 140 reducing their positions, and 48 closing their positions.
360% more call options, than puts
Call options by funds: $6.04M | Put options by funds: $1.31M
25% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 48
15% more funds holding in top 10
Funds holding in top 10: 13 → 15 (+2)
2% more funds holding
Funds holding: 418 → 426 (+8)
1.08% more ownership
Funds ownership: 84.1% → 85.18% (+1.1%)
2% more repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 140
7% less capital invested
Capital invested by funds: $17.7B → $16.4B (-$1.32B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$366M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$85.7M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$78.8M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$58.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$47.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$115M |
| 2 |
MC
Maverick Capital
Dallas,
Texas
|
-$106M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$36.1M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$31M |
| 5 |
SCM
Sandler Capital Management
New York
|
-$30.9M |
WCN Hedge Fund Activity: Q4 2018 in Review
426 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q4 2018, worth a combined $16.4B — down 7.5% from $17.7B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new WCN positions and 48 closed out — a net gain of 12 holders — while 143 added to existing stakes and 140 trimmed.
The largest buyer was Capital International Investors, adding an estimated $366M. The largest seller was T. Rowe Price Associates, cutting an estimated $115M.
- 426 institutional investors held Waste Connections (WCN) as of Q4 2018, up from 418 in Q3 2018.
- Funds reported $16.4B of Waste Connections stock for Q4 2018, down 7.5% quarter-over-quarter.
- 60 funds opened new Waste Connections positions in Q4 2018 and 48 closed out, a net change of +12 holders.
- The largest Waste Connections buyer in Q4 2018 was Capital International Investors, an estimated $366M added.
- The largest Waste Connections seller in Q4 2018 was T. Rowe Price Associates, an estimated $115M sold.
Based on aggregated 13F filings for Q4 2018.