Waste Connections
425 hedge funds and large institutions have $20B invested in Waste Connections in 2019 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 145 increasing their positions, 155 reducing their positions, and 45 closing their positions.
283% more call options, than puts
Call options by funds: $14.5M | Put options by funds: $3.79M
27% more funds holding in top 10
Funds holding in top 10: 15 → 19 (+4)
20% more capital invested
Capital invested by funds: $16.7B → $20B (+$3.29B)
4% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 45
0.37% more ownership
Funds ownership: 85.18% → 85.55% (+0.37%)
0% less funds holding
Funds holding: 426 → 425 (-1)
6% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 155
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$178M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$160M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$95.3M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$94.7M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
+$81.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$165M |
| 2 |
MC
Maverick Capital
Dallas,
Texas
|
-$133M |
| 3 |
JP Morgan Chase
New York
|
-$85.3M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$70M |
| 5 |
TCM
TimesSquare Capital Management
New York
|
-$50.6M |
WCN Hedge Fund Activity: Q1 2019 in Review
425 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q1 2019, worth a combined $20B — up 20% from $16.7B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new WCN positions and 45 closed out — a net gain of 2 holders — while 145 added to existing stakes and 155 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $178M. The largest seller was T. Rowe Price Associates, cutting an estimated $165M.
- 425 institutional investors held Waste Connections (WCN) as of Q1 2019, down from 426 in Q4 2018.
- Funds reported $20B of Waste Connections stock for Q1 2019, up 20% quarter-over-quarter.
- 47 funds opened new Waste Connections positions in Q1 2019 and 45 closed out, a net change of +2 holders.
- The largest Waste Connections buyer in Q1 2019 was Morgan Stanley, an estimated $178M added.
- The largest Waste Connections seller in Q1 2019 was T. Rowe Price Associates, an estimated $165M sold.
Based on aggregated 13F filings for Q1 2019.