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WCN

Waste Connections
WCN

604 hedge funds and large institutions have $29.7B invested in Waste Connections in 2022 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 216 increasing their positions, 204 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

254% more call options, than puts

Call options by funds: $26.2M | Put options by funds: $7.4M

123% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 40

6% more funds holding

Funds holding: 568 → 604 (+36)

6% more repeat investments, than reductions

Existing positions increased: 216 | Existing positions reduced: 204

2% more capital invested

Capital invested by funds: $29.3B → $29.7B (+$445M)

1.11% less ownership

Funds ownership: 88.49% → 87.38% (-1.1%)

4% less funds holding in top 10

Funds holding in top 10: 23 → 22 (-1)

Holders
604
Holders Change
+36
Holders Change %
+6.34%
% of All Funds
9.71%
Holding in Top 10
22
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-4.35%
% of All Funds
0.35%
New
89
Increased
216
Reduced
204
Closed
40
Calls
$26.2M
Puts
$7.4M
Net Calls
+$18.8M
Net Calls Change
-$10.6M

Top Buyers

1
Capital World Investors
Capital World Investors
California
+$468M
2
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$202M
3
Citadel Advisors
Citadel Advisors
Florida
+$131M
4
Morgan Stanley
Morgan Stanley
New York
+$82.9M
5
Goldman Sachs
Goldman Sachs
New York
+$76.6M

Top Sellers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$455M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$401M
3
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$211M
4
VOYA Investment Management
VOYA Investment Management
Georgia
-$164M
5
BlackRock
BlackRock
New York
-$107M
Name Holding Trade Value Shares
Change 		Change in
Stake
Gates Foundation Trust
26
Gates Foundation Trust
Washington
$285M – – –
AIM
27
Alphinity Investment Management
Australia
$270M +$23.2M +170,546 +9%
Fiera Capital (Canada)
28
Fiera Capital (Canada)
Quebec, Canada
$258M -$390K -2,870 -0.1%
State Street
29
State Street
Massachusetts
$250M -$14.5M -106,622 -5%
Bank of Nova Scotia
30
Bank of Nova Scotia
Ontario, Canada
$248M +$4.5M +33,093 +2%
Goldman Sachs
31
Goldman Sachs
New York
$248M +$76.6M +562,927 +43%
EAM
32
Eagle Asset Management
Florida
$236M -$20.8M -152,725 -8%
Brown Advisory
33
Brown Advisory
Maryland
$220M +$1.34M +9,886 +0.6%
DDC
34
DF Dent & Co
Maryland
$218M -$5.76M -42,361 -3%
Neuberger Berman Group
35
Neuberger Berman Group
New York
$214M -$2.9M -21,336 -1%
CIBC Asset Management
36
CIBC Asset Management
Ontario, Canada
$208M -$11.6M -85,176 -5%
Bank of America
37
Bank of America
North Carolina
$206M +$8.25M +60,691 +4%
FPP
38
Findlay Park Partners
United Kingdom
$200M -$18.1M -133,396 -8%
Morgan Stanley
39
Morgan Stanley
New York
$198M +$82.9M +609,251 +69%
CIBC World Market
40
CIBC World Market
Ontario, Canada
$185M +$9.09M +66,799 +5%
Aberdeen Group
41
Aberdeen Group
United Kingdom
$170M +$3.89M +28,573 +2%
Luther King Capital Management (LKCM)
42
Luther King Capital Management (LKCM)
Texas
$158M -$385K -2,827 -0.2%
Legal & General Group
43
Legal & General Group
United Kingdom
$154M -$17.5M -128,994 -10%
Toronto Dominion Bank
44
Toronto Dominion Bank
Ontario, Canada
$148M +$5.46M +40,113 +4%
Swiss National Bank
45
Swiss National Bank
Switzerland
$139M -$9.45M -69,488 -6%
MBI
46
Montrusco Bolton Investments
Quebec, Canada
$138M +$64.8M +476,115 +79%
Citadel Advisors
47
Citadel Advisors
Florida
$135M +$131M +966,492 +1,934%
TCM
48
TimesSquare Capital Management
New York
$128M -$303K -2,230 -0.2%
Northern Trust
49
Northern Trust
Illinois
$127M +$39.9M +293,660 +44%
SCM
50
Snyder Capital Management
California
$111M +$3.66M +26,924 +3%
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WCN Hedge Fund Activity: Q4 2022 in Review

604 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q4 2022, worth a combined $29.7B — up 1.5% from $29.3B a quarter earlier.

Buyers outnumbered sellers: 89 funds opened new WCN positions and 40 closed out — a net gain of 49 holders — while 216 added to existing stakes and 204 trimmed.

The largest buyer was Capital World Investors, adding an estimated $468M. The largest seller was Bank of Montreal, cutting an estimated $455M.

  • 604 institutional investors held Waste Connections (WCN) as of Q4 2022, up from 568 in Q3 2022.
  • Funds reported $29.7B of Waste Connections stock for Q4 2022, up 1.5% quarter-over-quarter.
  • 89 funds opened new Waste Connections positions in Q4 2022 and 40 closed out, a net change of +49 holders.
  • The largest Waste Connections buyer in Q4 2022 was Capital World Investors, an estimated $468M added.
  • The largest Waste Connections seller in Q4 2022 was Bank of Montreal, an estimated $455M sold.

Based on aggregated 13F filings for Q4 2022.