Waste Connections
606 hedge funds and large institutions have $32B invested in Waste Connections in 2023 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 209 increasing their positions, 229 reducing their positions, and 45 closing their positions.
651% more call options, than puts
Call options by funds: $31.6M | Put options by funds: $4.2M
20% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 45
3% more capital invested
Capital invested by funds: $31.2B → $32B (+$829M)
1% more funds holding
Funds holding: 602 → 606 (+4)
0.27% less ownership
Funds ownership: 87.26% → 86.99% (-0.27%)
9% less repeat investments, than reductions
Existing positions increased: 209 | Existing positions reduced: 229
14% less funds holding in top 10
Funds holding in top 10: 21 → 18 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$167M |
| 2 |
Public Employees Retirement Association of Colorado
Denver,
Colorado
|
+$132M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$71.4M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$68.3M |
| 5 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$58.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$155M |
| 2 |
ESCM
Echo Street Capital Management
New York
|
-$135M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$112M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$94.9M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$72.9M |
WCN Hedge Fund Activity: Q2 2023 in Review
606 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q2 2023, worth a combined $32B — up 2.7% from $31.2B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new WCN positions and 45 closed out — a net gain of 9 holders — while 209 added to existing stakes and 229 trimmed.
The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $167M. The largest seller was Citadel Advisors, cutting an estimated $155M.
- 606 institutional investors held Waste Connections (WCN) as of Q2 2023, up from 602 in Q1 2023.
- Funds reported $32B of Waste Connections stock for Q2 2023, up 2.7% quarter-over-quarter.
- 54 funds opened new Waste Connections positions in Q2 2023 and 45 closed out, a net change of +9 holders.
- The largest Waste Connections buyer in Q2 2023 was Balyasny Asset Management, an estimated $167M added.
- The largest Waste Connections seller in Q2 2023 was Citadel Advisors, an estimated $155M sold.
Based on aggregated 13F filings for Q2 2023.