Waste Connections
451 hedge funds and large institutions have $22.6B invested in Waste Connections in 2020 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 159 increasing their positions, 157 reducing their positions, and 31 closing their positions.
173% more call options, than puts
Call options by funds: $10.9M | Put options by funds: $4.01M
55% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 31
10% more capital invested
Capital invested by funds: $20.6B → $22.6B (+$2.05B)
3% more funds holding
Funds holding: 438 → 451 (+13)
1% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 157
1.45% less ownership
Funds ownership: 83.48% → 82.04% (-1.4%)
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$81.2M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$54.3M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$41.3M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$39.2M |
| 5 |
JCM
Junto Capital Management
New York
|
+$24.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
-$138M |
| 2 |
FPP
Findlay Park Partners
London,
United Kingdom
|
-$73.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$56.8M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$56.2M |
| 5 |
Renaissance Technologies
New York
|
-$43.6M |
WCN Hedge Fund Activity: Q3 2020 in Review
451 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q3 2020, worth a combined $22.6B — up 10% from $20.6B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new WCN positions and 31 closed out — a net gain of 17 holders — while 159 added to existing stakes and 157 trimmed.
The largest buyer was Fidelity International, adding an estimated $81.2M. The largest seller was Carillon Tower Advisers, exiting entirely with an estimated $138M sold.
- 451 institutional investors held Waste Connections (WCN) as of Q3 2020, up from 438 in Q2 2020.
- Funds reported $22.6B of Waste Connections stock for Q3 2020, up 10% quarter-over-quarter.
- 48 funds opened new Waste Connections positions in Q3 2020 and 31 closed out, a net change of +17 holders.
- The largest Waste Connections buyer in Q3 2020 was Fidelity International, an estimated $81.2M added.
- The largest Waste Connections seller in Q3 2020 was Carillon Tower Advisers, an estimated $138M sold.
Based on aggregated 13F filings for Q3 2020.