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WCN

Waste Connections

413 hedge funds and large institutions have $20.6B invested in Waste Connections in 2019 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 159 increasing their positions, 136 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more call options, than puts

Call options by funds: $15.2M | Put options by funds: $8.9M

17% more repeat investments, than reductions

Existing positions increased: 159 | Existing positions reduced: 136

5% more funds holding in top 10

Funds holding in top 10: 2021 (+1)

9% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 44

1% more funds holding

Funds holding: 410413 (+3)

0.18% less ownership

Funds ownership: 85.09%84.91% (-0.18%)

4% less capital invested

Capital invested by funds: $21.4B → $20.6B (-$782M)

Holders
413
Holders Change
+3
Holders Change %
+0.73%
% of All Funds
9.06%
Holding in Top 10
21
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5%
% of All Funds
0.46%
New
48
Increased
159
Reduced
136
Closed
44
Calls
$15.2M
Puts
$8.9M
Net Calls
+$6.25M
Net Calls Change
-$1.06M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$2.42B +$44.7M +483,876 +2%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$2.42B -$376M -4,071,674 -13%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$994M +$60.5M +654,102 +6%
Capital International Investors
4
Capital International Investors
California
$924M +$34.1M +368,747 +4%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$847M +$112M +1,206,805 +15%
JP Morgan Chase
6
JP Morgan Chase
New York
$734M -$46.3M -500,329 -6%
BlackRock
7
BlackRock
New York
$548M +$19.8M +214,037 +4%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$516M +$98.4M +1,064,737 +23%
Norges Bank
9
Norges Bank
Norway
$475M +$1.6M +17,327 +0.3%
Wellington Management Group
10
Wellington Management Group
Massachusetts
$453M -$44.2M -477,509 -9%
Wells Fargo
11
Wells Fargo
California
$451M -$36.4M -393,351 -7%
Manulife (Manufacturers Life Insurance)
12
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$426M +$87.3M +943,956 +25%
TD Asset Management
13
TD Asset Management
Ontario, Canada
$403M -$87.1M -941,876 -18%
FPP
14
Findlay Park Partners
United Kingdom
$325M +$12.9M +139,899 +4%
N
15
Nuveen
North Carolina
$305M +$48.9M +528,846 +19%
Morgan Stanley
16
Morgan Stanley
New York
$268M +$14.3M +154,954 +6%
PAMU
17
Pictet Asset Management (UK)
United Kingdom
$263M +$11.4M +122,809 +4%
Connor, Clark & Lunn Investment Management (CC&L)
18
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$249M -$7.19M -77,759 -3%
1832 Asset Management
19
1832 Asset Management
Ontario, Canada
$248M -$1.29M -13,920 -0.5%
State Street
20
State Street
Massachusetts
$228M -$817K -8,837 -0.4%
EAM
21
Eagle Asset Management
Florida
$204M -$1.79M -19,328 -0.9%
Fidelity International
22
Fidelity International
Bermuda
$202M -$90.6M -979,923 -31%
CIBC Asset Management
23
CIBC Asset Management
Ontario, Canada
$200M -$10M -108,493 -5%
Brown Advisory
24
Brown Advisory
Maryland
$190M +$4.36M +47,129 +2%
FCM
25
Frontier Capital Management
Massachusetts
$182M +$14.1M +152,903 +8%

WCN Hedge Fund Activity: Q3 2019 in Review

413 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q3 2019, worth a combined $20.6B — down 3.7% from $21.4B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new WCN positions and 44 closed out — a net gain of 4 holders — while 159 added to existing stakes and 136 trimmed.

The largest buyer was Bank of Montreal, adding an estimated $112M. The largest seller was T. Rowe Price Associates, cutting an estimated $376M.

  • 413 institutional investors held Waste Connections (WCN) as of Q3 2019, up from 410 in Q2 2019.
  • Funds reported $20.6B of Waste Connections stock for Q3 2019, down 3.7% quarter-over-quarter.
  • 48 funds opened new Waste Connections positions in Q3 2019 and 44 closed out, a net change of +4 holders.
  • The largest Waste Connections buyer in Q3 2019 was Bank of Montreal, an estimated $112M added.
  • The largest Waste Connections seller in Q3 2019 was T. Rowe Price Associates, an estimated $376M sold.

Based on aggregated 13F filings for Q3 2019.