Waste Connections
685 hedge funds and large institutions have $38B invested in Waste Connections in 2024 Q1 according to their latest regulatory filings, with 91 funds opening new positions, 227 increasing their positions, 269 reducing their positions, and 38 closing their positions.
139% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 38
63% more call options, than puts
Call options by funds: $62M | Put options by funds: $38.1M
14% more capital invested
Capital invested by funds: $33.4B → $38B (+$4.57B)
7% more funds holding
Funds holding: 639 → 685 (+46)
6% more funds holding in top 10
Funds holding in top 10: 17 → 18 (+1)
1.15% less ownership
Funds ownership: 86.83% → 85.68% (-1.2%)
16% less repeat investments, than reductions
Existing positions increased: 227 | Existing positions reduced: 269
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$453M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$297M |
| 3 |
SP
Stockbridge Partners
Boston,
Massachusetts
|
+$215M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$184M |
| 5 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$179M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$322M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$180M |
| 3 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$146M |
| 4 |
Morgan Stanley
New York
|
-$120M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$111M |
WCN Hedge Fund Activity: Q1 2024 in Review
685 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q1 2024, worth a combined $38B — up 14% from $33.4B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new WCN positions and 38 closed out — a net gain of 53 holders — while 227 added to existing stakes and 269 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $453M. The largest seller was TD Asset Management, cutting an estimated $322M.
- 685 institutional investors held Waste Connections (WCN) as of Q1 2024, up from 639 in Q4 2023.
- Funds reported $38B of Waste Connections stock for Q1 2024, up 14% quarter-over-quarter.
- 91 funds opened new Waste Connections positions in Q1 2024 and 38 closed out, a net change of +53 holders.
- The largest Waste Connections buyer in Q1 2024 was Fidelity Investments, an estimated $453M added.
- The largest Waste Connections seller in Q1 2024 was TD Asset Management, an estimated $322M sold.
Based on aggregated 13F filings for Q1 2024.