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WCN

Waste Connections

337 hedge funds and large institutions have $10.9B invested in Waste Connections in 2016 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 114 increasing their positions, 129 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

202% more call options, than puts

Call options by funds: $10.4M | Put options by funds: $3.44M

17% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 35

4% more capital invested

Capital invested by funds: $10.5B → $10.9B (+$433M)

1% more funds holding

Funds holding: 334337 (+3)

0.67% more ownership

Funds ownership: 127.64%128.32% (+0.67%)

11% less funds holding in top 10

Funds holding in top 10: 1816 (-2)

12% less repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 129

Holders
337
Holders Change
+3
Holders Change %
+0.9%
% of All Funds
8.99%
Holding in Top 10
16
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-11.11%
% of All Funds
0.43%
New
41
Increased
114
Reduced
129
Closed
35
Calls
$10.4M
Puts
$3.44M
Net Calls
+$6.94M
Net Calls Change
-$43M
Name Holding Trade Value Shares
Change
Change in
Stake
Public Sector Pension Investment Board (PSP Investments)
26
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$98.3M +$8.08M +160,206 +9%
Canada Life
27
Canada Life
Manitoba, Canada
$97.9M +$1.59M +31,522 +2%
WA
28
Wasatch Advisors
Utah
$95.1M -$14.1M -279,754 -13%
Capital World Investors
29
Capital World Investors
California
$94.1M -$9.45M -187,500 -9%
FCM
30
Frontier Capital Management
Massachusetts
$93.4M +$2.66M +52,823 +3%
ORI
31
Oak Ridge Investments
Illinois
$85.3M -$33.8M -669,675 -28%
Brown Advisory
32
Brown Advisory
Maryland
$85.1M +$5.88M +116,535 +7%
SIG
33
Senator Investment Group
New York
$83.3M +$84.4M +1,673,700 New
State Street
34
State Street
Massachusetts
$76.9M +$3.36M +66,640 +5%
DDC
35
DF Dent & Co
Maryland
$70.1M -$1.56M -31,011 -2%
AC
36
Ascend Capital
California
$66.7M +$5.23M +103,755 +8%
N
37
Nuveen
North Carolina
$66.4M +$31.7M +627,834 +89%
Capital International Investors
38
Capital International Investors
California
$66M -$12.3M -244,200 -16%
T
39
TOBAM
France
$64.9M +$27M +535,007 +70%
PIC
40
PCJ Investment Counsel
Ontario, Canada
$62.5M +$18M +356,250 +39%
Millennium Management
41
Millennium Management
New York
$61.2M -$62.2M -1,233,304 -50%
Calamos Advisors
42
Calamos Advisors
Illinois
$60.4M +$14.8M +293,409 +32%
Manulife (Manufacturers Life Insurance)
43
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$59.5M -$7.1M -140,725 -11%
RMDI
44
R.M. Davis Inc
Maine
$53.3M -$2.7M -53,488 -5%
EA
45
Emerald Acquisition
Washington
$51.8M +$21M +417,482 +67%
PIM
46
Perkins Investment Management
Illinois
$51.2M -$2.23M -44,250 -4%
SC
47
Samlyn Capital
New York
$50.4M +$15.4M +304,841 +43%
Luther King Capital Management (LKCM)
48
Luther King Capital Management (LKCM)
Texas
$49.9M -$1.36M -26,968 -3%
Massachusetts Financial Services
49
Massachusetts Financial Services
Massachusetts
$49M +$6.71M +133,168 +16%
Schroder Investment Management Group
50
Schroder Investment Management Group
United Kingdom
$48M -$11.3M -224,400 -19%

WCN Hedge Fund Activity: Q3 2016 in Review

337 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q3 2016, worth a combined $10.9B — up 4.1% from $10.5B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new WCN positions and 35 closed out — a net gain of 6 holders — while 114 added to existing stakes and 129 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $142M. The largest seller was Dimensional Fund Advisors, cutting an estimated $99.5M.

  • 337 institutional investors held Waste Connections (WCN) as of Q3 2016, up from 334 in Q2 2016.
  • Funds reported $10.9B of Waste Connections stock for Q3 2016, up 4.1% quarter-over-quarter.
  • 41 funds opened new Waste Connections positions in Q3 2016 and 35 closed out, a net change of +6 holders.
  • The largest Waste Connections buyer in Q3 2016 was Royal Bank of Canada, an estimated $142M added.
  • The largest Waste Connections seller in Q3 2016 was Dimensional Fund Advisors, an estimated $99.5M sold.

Based on aggregated 13F filings for Q3 2016.