Waste Connections
639 hedge funds and large institutions have $33.4B invested in Waste Connections in 2023 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 197 increasing their positions, 254 reducing their positions, and 53 closing their positions.
473% more call options, than puts
Call options by funds: $46.3M | Put options by funds: $8.07M
75% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 53
10% more capital invested
Capital invested by funds: $30.4B → $33.4B (+$2.98B)
5% more funds holding
Funds holding: 607 → 639 (+32)
0.81% less ownership
Funds ownership: 87.64% → 86.83% (-0.81%)
6% less funds holding in top 10
Funds holding in top 10: 18 → 17 (-1)
22% less repeat investments, than reductions
Existing positions increased: 197 | Existing positions reduced: 254
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$273M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$181M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$176M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$147M |
| 5 |
Morgan Stanley
New York
|
+$139M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$536M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$238M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$156M |
| 4 |
Goldman Sachs
New York
|
-$136M |
| 5 |
WCM Investment Management
Laguna Beach,
California
|
-$94.6M |
WCN Hedge Fund Activity: Q4 2023 in Review
639 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q4 2023, worth a combined $33.4B — up 9.8% from $30.4B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new WCN positions and 53 closed out — a net gain of 40 holders — while 197 added to existing stakes and 254 trimmed.
The largest buyer was T. Rowe Price Investment Management, adding an estimated $273M. The largest seller was Capital World Investors, cutting an estimated $536M.
- 639 institutional investors held Waste Connections (WCN) as of Q4 2023, up from 607 in Q3 2023.
- Funds reported $33.4B of Waste Connections stock for Q4 2023, up 9.8% quarter-over-quarter.
- 93 funds opened new Waste Connections positions in Q4 2023 and 53 closed out, a net change of +40 holders.
- The largest Waste Connections buyer in Q4 2023 was T. Rowe Price Investment Management, an estimated $273M added.
- The largest Waste Connections seller in Q4 2023 was Capital World Investors, an estimated $536M sold.
Based on aggregated 13F filings for Q4 2023.