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WCN

Waste Connections

464 hedge funds and large institutions have $23.4B invested in Waste Connections in 2021 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 185 increasing their positions, 152 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 185 | Existing positions reduced: 152

5% more capital invested

Capital invested by funds: $22.3B → $23.4B (+$1.12B)

5% more call options, than puts

Call options by funds: $11.7M | Put options by funds: $11.1M

0.23% less ownership

Funds ownership: 82.23%82% (-0.23%)

4% less funds holding

Funds holding: 485464 (-21)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

25% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 61

Holders
464
Holders Change
-21
Holders Change %
-4.33%
% of All Funds
8.15%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.11%
New
46
Increased
185
Reduced
152
Closed
61
Calls
$11.7M
Puts
$11.1M
Net Calls
+$602K
Net Calls Change
-$6.61M
Name Holding Trade Value Shares
Change
Change in
Stake
Neuberger Berman Group
26
Neuberger Berman Group
New York
$177M +$6.14M +60,442 +4%
Fiera Capital (Canada)
27
Fiera Capital (Canada)
Quebec, Canada
$174M +$7.32M +72,059 +5%
Wells Fargo
28
Wells Fargo
California
$171M -$105M -1,029,500 -39%
Connor, Clark & Lunn Investment Management (CC&L)
29
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$156M +$1.76M +17,368 +1%
Invesco
30
Invesco
Georgia
$156M -$38M -374,270 -21%
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$154M -$7.75M -76,292 -5%
Swiss National Bank
32
Swiss National Bank
Switzerland
$150M +$2.21M +21,800 +2%
TCM
33
TimesSquare Capital Management
New York
$135M +$13M +127,860 +11%
Legal & General Group
34
Legal & General Group
United Kingdom
$134M -$9.59M -94,411 -7%
Massachusetts Financial Services
35
Massachusetts Financial Services
Massachusetts
$132M +$13.6M +133,920 +12%
APG Asset Management
36
APG Asset Management
Netherlands
$127M -$3.26M -32,076 -2%
Luther King Capital Management (LKCM)
37
Luther King Capital Management (LKCM)
Texas
$122M +$3.7M +36,473 +3%
Franklin Resources
38
Franklin Resources
California
$115M -$5.79M -57,026 -5%
ESCM
39
Echo Street Capital Management
New York
$112M +$24.5M +241,395 +30%
VOYA Investment Management
40
VOYA Investment Management
Georgia
$109M +$7.67M +75,511 +8%
Citadel Advisors
41
Citadel Advisors
Florida
$109M +$23.6M +231,912 +30%
Renaissance Technologies
42
Renaissance Technologies
New York
$108M -$29.8M -293,650 -23%
CIBC Asset Management
43
CIBC Asset Management
Ontario, Canada
$105M -$34.8M -342,264 -26%
EPFB
44
Employees Provident Fund Board
Malaysia
$105M
TG
45
TCW Group
California
$103M -$25M -246,275 -20%
Toronto Dominion Bank
46
Toronto Dominion Bank
Ontario, Canada
$102M -$16.3M -160,977 -15%
Goldman Sachs
47
Goldman Sachs
New York
$101M +$20.7M +204,099 +28%
Sumitomo Mitsui Trust Group
48
Sumitomo Mitsui Trust Group
Japan
$101M -$10M -98,819 -10%
BCIM
49
British Columbia Investment Management
British Columbia, Canada
$101M -$38.3M -377,129 -29%
Deutsche Bank
50
Deutsche Bank
Germany
$95.5M +$1.84M +18,075 +2%

WCN Hedge Fund Activity: Q1 2021 in Review

464 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q1 2021, worth a combined $23.4B — up 5% from $22.3B a quarter earlier.

Sellers outnumbered buyers: 61 funds closed out of WCN and 46 opened new positions — a net loss of 15 holders — while 152 trimmed existing stakes and 185 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $800M. The largest seller was Fidelity Investments, cutting an estimated $240M.

  • 464 institutional investors held Waste Connections (WCN) as of Q1 2021, down from 485 in Q4 2020.
  • Funds reported $23.4B of Waste Connections stock for Q1 2021, up 5% quarter-over-quarter.
  • 46 funds opened new Waste Connections positions in Q1 2021 and 61 closed out, a net change of -15 holders.
  • The largest Waste Connections buyer in Q1 2021 was T. Rowe Price Associates, an estimated $800M added.
  • The largest Waste Connections seller in Q1 2021 was Fidelity Investments, an estimated $240M sold.

Based on aggregated 13F filings for Q1 2021.