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WCN

Waste Connections

464 hedge funds and large institutions have $23.4B invested in Waste Connections in 2021 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 185 increasing their positions, 152 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 185 | Existing positions reduced: 152

5% more capital invested

Capital invested by funds: $22.3B → $23.4B (+$1.12B)

5% more call options, than puts

Call options by funds: $11.7M | Put options by funds: $11.1M

0.23% less ownership

Funds ownership: 82.23%82% (-0.23%)

4% less funds holding

Funds holding: 485464 (-21)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

25% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 61

Holders
464
Holders Change
-21
Holders Change %
-4.33%
% of All Funds
8.15%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.11%
New
46
Increased
185
Reduced
152
Closed
61
Calls
$11.7M
Puts
$11.1M
Net Calls
+$602K
Net Calls Change
-$6.61M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$3.55B +$800M +7,877,959 +32%
Vanguard Group
2
Vanguard Group
Pennsylvania
$2.81B -$513K -5,048 -0%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$1.18B +$41.8M +411,721 +4%
Capital International Investors
4
Capital International Investors
California
$1.03B -$46.4M -457,346 -5%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$1B -$81.4M -801,163 -8%
Manulife (Manufacturers Life Insurance)
6
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$789M +$23.3M +229,041 +4%
BlackRock
7
BlackRock
New York
$738M -$156M -1,538,721 -18%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$621M +$17M +167,730 +3%
Norges Bank
9
Norges Bank
Norway
$533M -$47.7M -469,789 -9%
PAMU
10
Pictet Asset Management (UK)
United Kingdom
$478M +$26.3M +259,290 +6%
1832 Asset Management
11
1832 Asset Management
Ontario, Canada
$453M +$69.3M +681,949 +19%
FPP
12
Findlay Park Partners
United Kingdom
$403M +$97.6M +961,373 +35%
N
13
Nuveen
North Carolina
$340M -$6.64M -65,345 -2%
Fidelity Investments
14
Fidelity Investments
Massachusetts
$290M -$240M -2,367,002 -47%
Wellington Management Group
15
Wellington Management Group
Massachusetts
$275M +$20.6M +202,841 +9%
Mackenzie Financial
16
Mackenzie Financial
Ontario, Canada
$271M +$157M +1,548,200 +161%
State Street
17
State Street
Massachusetts
$265M -$21.2M -208,879 -8%
DDC
18
DF Dent & Co
Maryland
$243M -$10.2M -100,737 -4%
JP Morgan Chase
19
JP Morgan Chase
New York
$211M +$1.32M +12,977 +0.7%
Bank of Nova Scotia
20
Bank of Nova Scotia
Ontario, Canada
$205M -$684K -6,737 -0.4%
EAM
21
Eagle Asset Management
Florida
$204M +$10.3M +100,941 +6%
Brown Advisory
22
Brown Advisory
Maryland
$192M +$7.97M +78,462 +5%
Capital World Investors
23
Capital World Investors
California
$190M +$93.5M +921,048 +110%
DCP
24
Durable Capital Partners
Maryland
$189M
CIBC World Market
25
CIBC World Market
Ontario, Canada
$177M -$25.9M -255,475 -13%

WCN Hedge Fund Activity: Q1 2021 in Review

464 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q1 2021, worth a combined $23.4B — up 5% from $22.3B a quarter earlier.

Sellers outnumbered buyers: 61 funds closed out of WCN and 46 opened new positions — a net loss of 15 holders — while 152 trimmed existing stakes and 185 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $800M. The largest seller was Fidelity Investments, cutting an estimated $240M.

  • 464 institutional investors held Waste Connections (WCN) as of Q1 2021, down from 485 in Q4 2020.
  • Funds reported $23.4B of Waste Connections stock for Q1 2021, up 5% quarter-over-quarter.
  • 46 funds opened new Waste Connections positions in Q1 2021 and 61 closed out, a net change of -15 holders.
  • The largest Waste Connections buyer in Q1 2021 was T. Rowe Price Associates, an estimated $800M added.
  • The largest Waste Connections seller in Q1 2021 was Fidelity Investments, an estimated $240M sold.

Based on aggregated 13F filings for Q1 2021.