Waste Connections
WCN
567 hedge funds and large institutions have $30.8B invested in Waste Connections in 2022 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 190 increasing their positions, 215 reducing their positions, and 53 closing their positions.
213% more call options, than puts
Call options by funds: $43.3M | Put options by funds: $13.8M
44% more funds holding in top 10
Funds holding in top 10: 16 → 23 (+7)
21% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 53
12% more capital invested
Capital invested by funds: $27.5B → $30.8B (+$3.34B)
2.33% more ownership
Funds ownership: 86.01% → 88.34% (+2.3%)
1% more funds holding
Funds holding: 561 → 567 (+6)
12% less repeat investments, than reductions
Existing positions increased: 190 | Existing positions reduced: 215
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM Investment Management
Laguna Beach,
California
|
+$777M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$396M |
| 3 |
Gates Foundation Trust
Kirkland,
Washington
|
+$293M |
| 4 |
AIM
Alphinity Investment Management
Sydney,
Australia
|
+$237M |
| 5 |
BlackRock
New York
|
+$134M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.51B |
| 2 |
California Public Employees Retirement System
Sacramento,
California
|
-$171M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$126M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$116M |
| 5 |
LIP
Liontrust Investment Partners
London,
United Kingdom
|
-$102M |
WCN Hedge Fund Activity: Q3 2022 in Review
567 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q3 2022, worth a combined $30.8B — up 12% from $27.5B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new WCN positions and 53 closed out — a net gain of 11 holders — while 190 added to existing stakes and 215 trimmed.
The largest buyer was WCM Investment Management, adding an estimated $777M. The largest seller was T. Rowe Price Associates, cutting an estimated $1.51B.
- 567 institutional investors held Waste Connections (WCN) as of Q3 2022, up from 561 in Q2 2022.
- Funds reported $30.8B of Waste Connections stock for Q3 2022, up 12% quarter-over-quarter.
- 64 funds opened new Waste Connections positions in Q3 2022 and 53 closed out, a net change of +11 holders.
- The largest Waste Connections buyer in Q3 2022 was WCM Investment Management, an estimated $777M added.
- The largest Waste Connections seller in Q3 2022 was T. Rowe Price Associates, an estimated $1.51B sold.
Based on aggregated 13F filings for Q3 2022.