Waste Connections
438 hedge funds and large institutions have $20.6B invested in Waste Connections in 2020 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 149 increasing their positions, 165 reducing their positions, and 47 closing their positions.
22% more capital invested
Capital invested by funds: $16.9B → $20.6B (+$3.67B)
19% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 47
2% more funds holding
Funds holding: 430 → 438 (+8)
0.76% more ownership
Funds ownership: 82.72% → 83.48% (+0.76%)
0% more funds holding in top 10
Funds holding in top 10: 13 → 13 (0)
10% less repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 165
41% less call options, than puts
Call options by funds: $9.72M | Put options by funds: $16.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$224M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$116M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$57.3M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$41.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$40.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$69.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$58.4M |
| 3 |
JP Morgan Chase
New York
|
-$48.5M |
| 4 |
SIG
Senator Investment Group
New York
|
-$46.5M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$35.2M |
WCN Hedge Fund Activity: Q2 2020 in Review
438 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q2 2020, worth a combined $20.6B — up 22% from $16.9B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new WCN positions and 47 closed out — a net gain of 9 holders — while 149 added to existing stakes and 165 trimmed.
The largest buyer was American Century Companies, opening a new position worth an estimated $224M. The largest seller was Wellington Management Group, cutting an estimated $69.4M.
- 438 institutional investors held Waste Connections (WCN) as of Q2 2020, up from 430 in Q1 2020.
- Funds reported $20.6B of Waste Connections stock for Q2 2020, up 22% quarter-over-quarter.
- 56 funds opened new Waste Connections positions in Q2 2020 and 47 closed out, a net change of +9 holders.
- The largest Waste Connections buyer in Q2 2020 was American Century Companies, an estimated $224M added.
- The largest Waste Connections seller in Q2 2020 was Wellington Management Group, an estimated $69.4M sold.
Based on aggregated 13F filings for Q2 2020.