Waste Connections
WCN
398 hedge funds and large institutions have $15.7B invested in Waste Connections in 2017 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 132 increasing their positions, 141 reducing their positions, and 19 closing their positions.
226% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 19
11% more funds holding
Funds holding: 358 → 398 (+40)
7% more funds holding in top 10
Funds holding in top 10: 14 → 15 (+1)
0% less capital invested
Capital invested by funds: $15.7B → $15.7B (-$42.1M)
0.65% less ownership
Funds ownership: 85.01% → 84.36% (-0.65%)
6% less repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 141
87% less call options, than puts
Call options by funds: $1.94M | Put options by funds: $14.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
+$69.6M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$60.3M |
| 3 |
Renaissance Technologies
New York
|
+$55.5M |
| 4 |
AC
Ascend Capital
Orinda,
California
|
+$43.4M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$42.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
-$110M |
| 2 |
JP Morgan Chase
New York
|
-$89.3M |
| 3 |
O
OppenheimerFunds
New York
|
-$76.3M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$75.3M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$61.4M |
WCN Hedge Fund Activity: Q4 2017 in Review
398 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q4 2017, worth a combined $15.7B — down 0.27% from $15.7B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new WCN positions and 19 closed out — a net gain of 43 holders — while 132 added to existing stakes and 141 trimmed.
The largest buyer was Onex Canada Asset Management, opening a new position worth an estimated $69.6M. The largest seller was Maverick Capital, cutting an estimated $110M.
- 398 institutional investors held Waste Connections (WCN) as of Q4 2017, up from 358 in Q3 2017.
- Funds reported $15.7B of Waste Connections stock for Q4 2017, down 0.27% quarter-over-quarter.
- 62 funds opened new Waste Connections positions in Q4 2017 and 19 closed out, a net change of +43 holders.
- The largest Waste Connections buyer in Q4 2017 was Onex Canada Asset Management, an estimated $69.6M added.
- The largest Waste Connections seller in Q4 2017 was Maverick Capital, an estimated $110M sold.
Based on aggregated 13F filings for Q4 2017.