Waste Connections
602 hedge funds and large institutions have $31.2B invested in Waste Connections in 2023 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 223 increasing their positions, 228 reducing their positions, and 52 closing their positions.
525% more call options, than puts
Call options by funds: $44.9M | Put options by funds: $7.18M
23% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 52
5% more capital invested
Capital invested by funds: $29.7B → $31.2B (+$1.49B)
0.12% less ownership
Funds ownership: 87.38% → 87.26% (-0.12%)
0% less funds holding
Funds holding: 604 → 602 (-2)
2% less repeat investments, than reductions
Existing positions increased: 223 | Existing positions reduced: 228
5% less funds holding in top 10
Funds holding in top 10: 22 → 21 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$415M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$177M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$114M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$91.7M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$59.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$198M |
| 2 |
Goldman Sachs
New York
|
-$94.2M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$91.6M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$81.7M |
| 5 |
EPFB
Employees Provident Fund Board
Shah Alam,
Malaysia
|
-$73M |
WCN Hedge Fund Activity: Q1 2023 in Review
602 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q1 2023, worth a combined $31.2B — up 5% from $29.7B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new WCN positions and 52 closed out — a net gain of 12 holders — while 223 added to existing stakes and 228 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $415M. The largest seller was Invesco, cutting an estimated $198M.
- 602 institutional investors held Waste Connections (WCN) as of Q1 2023, down from 604 in Q4 2022.
- Funds reported $31.2B of Waste Connections stock for Q1 2023, up 5% quarter-over-quarter.
- 64 funds opened new Waste Connections positions in Q1 2023 and 52 closed out, a net change of +12 holders.
- The largest Waste Connections buyer in Q1 2023 was Fidelity Investments, an estimated $415M added.
- The largest Waste Connections seller in Q1 2023 was Invesco, an estimated $198M sold.
Based on aggregated 13F filings for Q1 2023.