Waste Connections
430 hedge funds and large institutions have $16.9B invested in Waste Connections in 2020 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 159 increasing their positions, 154 reducing their positions, and 56 closing their positions.
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
3% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 154
2.21% less ownership
Funds ownership: 84.93% → 82.72% (-2.2%)
2% less funds holding
Funds holding: 441 → 430 (-11)
11% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 56
17% less capital invested
Capital invested by funds: $20.4B → $16.9B (-$3.45B)
19% less call options, than puts
Call options by funds: $10M | Put options by funds: $12.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$218M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$103M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$83.9M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$60.2M |
| 5 |
Neuberger Berman Group
New York
|
+$58.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$257M |
| 2 |
Morgan Stanley
New York
|
-$131M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$124M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$121M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$104M |
WCN Hedge Fund Activity: Q1 2020 in Review
430 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q1 2020, worth a combined $16.9B — down 17% from $20.4B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of WCN and 50 opened new positions — a net loss of 6 holders — while 154 trimmed existing stakes and 159 added.
The largest buyer was Invesco, adding an estimated $218M. The largest seller was T. Rowe Price Associates, cutting an estimated $257M.
- 430 institutional investors held Waste Connections (WCN) as of Q1 2020, down from 441 in Q4 2019.
- Funds reported $16.9B of Waste Connections stock for Q1 2020, down 17% quarter-over-quarter.
- 50 funds opened new Waste Connections positions in Q1 2020 and 56 closed out, a net change of -6 holders.
- The largest Waste Connections buyer in Q1 2020 was Invesco, an estimated $218M added.
- The largest Waste Connections seller in Q1 2020 was T. Rowe Price Associates, an estimated $257M sold.
Based on aggregated 13F filings for Q1 2020.