Waste Connections
740 hedge funds and large institutions have $43.2B invested in Waste Connections in 2025 Q1 according to their latest regulatory filings, with 78 funds opening new positions, 262 increasing their positions, 286 reducing their positions, and 67 closing their positions.
209% more call options, than puts
Call options by funds: $170M | Put options by funds: $54.9M
32% more funds holding in top 10
Funds holding in top 10: 19 → 25 (+6)
16% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 67
14% more capital invested
Capital invested by funds: $37.9B → $43.2B (+$5.34B)
0% more funds holding
Funds holding: 737 → 740 (+3)
0.34% more ownership
Funds ownership: 85.53% → 85.87% (+0.34%)
8% less repeat investments, than reductions
Existing positions increased: 262 | Existing positions reduced: 286
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$260M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$177M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$141M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$126M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$126M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$231M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$188M |
| 3 |
Pictet Asset Management
Carouge,
Switzerland
|
-$141M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$106M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$96.6M |
WCN Hedge Fund Activity: Q1 2025 in Review
740 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q1 2025, worth a combined $43.2B — up 14% from $37.9B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new WCN positions and 67 closed out — a net gain of 11 holders — while 262 added to existing stakes and 286 trimmed.
The largest buyer was Nuveen, adding an estimated $260M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $231M.
- 740 institutional investors held Waste Connections (WCN) as of Q1 2025, up from 737 in Q4 2024.
- Funds reported $43.2B of Waste Connections stock for Q1 2025, up 14% quarter-over-quarter.
- 78 funds opened new Waste Connections positions in Q1 2025 and 67 closed out, a net change of +11 holders.
- The largest Waste Connections buyer in Q1 2025 was Nuveen, an estimated $260M added.
- The largest Waste Connections seller in Q1 2025 was T. Rowe Price Investment Management, an estimated $231M sold.
Based on aggregated 13F filings for Q1 2025.