Waste Connections
413 hedge funds and large institutions have $20.6B invested in Waste Connections in 2019 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 159 increasing their positions, 136 reducing their positions, and 44 closing their positions.
70% more call options, than puts
Call options by funds: $15.2M | Put options by funds: $8.9M
17% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 136
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
9% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 44
1% more funds holding
Funds holding: 410 → 413 (+3)
0.18% less ownership
Funds ownership: 85.09% → 84.91% (-0.18%)
4% less capital invested
Capital invested by funds: $21.4B → $20.6B (-$782M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$112M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$98.4M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$87.3M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$75.4M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$73.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$376M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$90.6M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$87.1M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$68.3M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$55.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MF
451
Manchester Financial
Westlake Village,
California
| – | -$5K | -55 | Closed |
|
|
SQA
452
Simon Quick Advisors
Morristown,
New Jersey
| – | -$2.48K | -26 | Closed |
|
453
Parallax Volatility Advisers
San Francisco,
California
| – | -$2.31K | -25 | Closed |
|
|
EWM
454
Executive Wealth Management
Brighton,
Michigan
| – | -$1K | -12 | Closed |
|
|
W
455
WealthStone
Columbus,
Ohio
| – | -$573 | -6 | Closed |
|
456
Credit Agricole
Montrouge Cedex,
France
| – | +$92 | +1 | New |
|
WCN Hedge Fund Activity: Q3 2019 in Review
413 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q3 2019, worth a combined $20.6B — down 3.7% from $21.4B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new WCN positions and 44 closed out — a net gain of 4 holders — while 159 added to existing stakes and 136 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $112M. The largest seller was T. Rowe Price Associates, cutting an estimated $376M.
- 413 institutional investors held Waste Connections (WCN) as of Q3 2019, up from 410 in Q2 2019.
- Funds reported $20.6B of Waste Connections stock for Q3 2019, down 3.7% quarter-over-quarter.
- 48 funds opened new Waste Connections positions in Q3 2019 and 44 closed out, a net change of +4 holders.
- The largest Waste Connections buyer in Q3 2019 was Bank of Montreal, an estimated $112M added.
- The largest Waste Connections seller in Q3 2019 was T. Rowe Price Associates, an estimated $376M sold.
Based on aggregated 13F filings for Q3 2019.