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WCN

Waste Connections

604 hedge funds and large institutions have $29.7B invested in Waste Connections in 2022 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 216 increasing their positions, 204 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

254% more call options, than puts

Call options by funds: $26.2M | Put options by funds: $7.4M

123% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 40

6% more funds holding

Funds holding: 568604 (+36)

6% more repeat investments, than reductions

Existing positions increased: 216 | Existing positions reduced: 204

2% more capital invested

Capital invested by funds: $29.3B → $29.7B (+$445M)

1.11% less ownership

Funds ownership: 88.49%87.38% (-1.1%)

4% less funds holding in top 10

Funds holding in top 10: 2322 (-1)

Holders
604
Holders Change
+36
Holders Change %
+6.34%
% of All Funds
9.71%
Holding in Top 10
22
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-4.35%
% of All Funds
0.35%
New
89
Increased
216
Reduced
204
Closed
40
Calls
$26.2M
Puts
$7.4M
Net Calls
+$18.8M
Net Calls Change
-$10.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$3.67B +$69.7M +512,389 +2%
Capital International Investors
2
Capital International Investors
California
$1.26B -$4.68M -34,375 -0.4%
BlackRock
3
BlackRock
New York
$1.22B -$107M -789,588 -8%
WCM Investment Management
4
WCM Investment Management
California
$1.2B +$53.2M +391,120 +5%
T. Rowe Price Investment Management
5
T. Rowe Price Investment Management
Maryland
$1.17B -$211M -1,550,020 -15%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$1.15B -$79.3M -582,735 -6%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$1.06B -$455M -3,348,911 -30%
PAMS
8
Pictet Asset Management (Switzerland)
Switzerland
$809M -$41.3M -303,352 -4%
Capital World Investors
9
Capital World Investors
California
$801M +$468M +3,437,754 +132%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$706M -$14.6M -107,527 -2%
T. Rowe Price Associates
11
T. Rowe Price Associates
Maryland
$696M -$401M -2,944,833 -36%
Norges Bank
12
Norges Bank
Norway
$602M -$38.4M -282,365 -6%
1832 Asset Management
13
1832 Asset Management
Ontario, Canada
$488M -$6.53M -48,024 -1%
Manulife (Manufacturers Life Insurance)
14
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$462M +$9.24M +67,947 +2%
N
15
Nuveen
North Carolina
$424M -$44.7M -328,528 -9%
Invesco
16
Invesco
Georgia
$377M -$29.8M -219,267 -7%
Connor, Clark & Lunn Investment Management (CC&L)
17
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$370M -$44.2M -325,070 -10%
Wellington Management Group
18
Wellington Management Group
Massachusetts
$367M +$2.06M +15,113 +0.5%
JP Morgan Chase
19
JP Morgan Chase
New York
$361M +$25M +183,938 +7%
Massachusetts Financial Services
20
Massachusetts Financial Services
Massachusetts
$355M -$302K -2,222 -0.1%
Fidelity International
21
Fidelity International
Bermuda
$348M -$3.03M -22,258 -0.8%
National Bank of Canada
22
National Bank of Canada
Quebec, Canada
$316M +$202M +1,487,402 +165%
Mackenzie Financial
23
Mackenzie Financial
Ontario, Canada
$294M -$11.9M -87,739 -4%
DCP
24
Durable Capital Partners
Maryland
$292M +$10.3M +75,776 +4%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$289M -$36.7M -269,810 -11%

WCN Hedge Fund Activity: Q4 2022 in Review

604 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q4 2022, worth a combined $29.7B — up 1.5% from $29.3B a quarter earlier.

Buyers outnumbered sellers: 89 funds opened new WCN positions and 40 closed out — a net gain of 49 holders — while 216 added to existing stakes and 204 trimmed.

The largest buyer was Capital World Investors, adding an estimated $468M. The largest seller was Bank of Montreal, cutting an estimated $455M.

  • 604 institutional investors held Waste Connections (WCN) as of Q4 2022, up from 568 in Q3 2022.
  • Funds reported $29.7B of Waste Connections stock for Q4 2022, up 1.5% quarter-over-quarter.
  • 89 funds opened new Waste Connections positions in Q4 2022 and 40 closed out, a net change of +49 holders.
  • The largest Waste Connections buyer in Q4 2022 was Capital World Investors, an estimated $468M added.
  • The largest Waste Connections seller in Q4 2022 was Bank of Montreal, an estimated $455M sold.

Based on aggregated 13F filings for Q4 2022.