The cluster is small and mixed — three modest accumulations offset by one large trim. Without insider buying or a clear catalyst, this is noise. Monitor next 13F for follow-through from the buyers or further reduction by Assenagon.
Executive Summary
Three active asset managers accumulated $2.6M in Waste Connections during Q3 2026, while one manager trimmed $8.2M. The net institutional flow is negative (-$5.6M), driven by a large reduction from Assenagon. The buying is modest in scale and lacks insider corroboration, suggesting no strong shared thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$5.6M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | DOUBLED | +170.6% | $660.0K | $396.0K |
| Ifm Investors Pty | ADD | +29.6% | $9.5M | $1.6M |
| Robeco Institutional Asset Management B.v. | ADD | +25.7% | $4.5M | $622.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -44.8% | $16.6M | -$8.2M |
Key Facts
- 3 institutional buyers added $2.6M in aggregate (Farther Finance doubled, Ifm Investors and Robeco added)
- 1 institutional seller (Assenagon) trimmed $8.2M, creating net negative flow of -$5.6M
- All participants are active asset managers — no passive/index funds in the cluster
- No insider buying or selling was reported in conjunction with this cluster
Financial Impact
Net institutional outflow of $5.6M in Q3 2026, with total buying of $2.6M and total selling of $8.2M
Risk Factors
- 13F data is 45+ days stale; positions may have already been reversed
- Net flow is negative, suggesting distribution pressure from the largest mover
- No insider buying to corroborate the bullish thesis
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-WCN-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 144 | $185.22 | awaiting T+1 | — | — |
Oct 21, 2026 6d ago | 8-K | $184.88 $186.60 | ▲ +0.93% | ▲ +1.45% | — |
Oct 20, 2026 7d ago | Institutional Cluster | $168.28 $184.88 | ▲ +9.86% | ▲ +11.05% | — |
Oct 12, 2026 15d ago | Institutional Cluster | $153.71 $153.67 | ▼ −0.03% | ▼ −0.01% | — |
Aug 21, 2026 9w ago | Insider Cluster | $168.97 $166.15 | ▼ −1.67% | ▼ −1.99% | — |
Aug 20, 2026 9w ago | Insider Cluster | $169.40 $168.97 | ▼ −0.25% | ▲ +0.04% | — |
Jul 31, 2026 12w ago | Insider Cluster | $167.81 $165.57 | ▼ −1.33% | ▼ −3.14% | — |
Jul 27, 2026 13w ago | 424B5 | $169.35 $169.22 | ▼ −0.08% | ▼ −0.32% | — |
Jun 9, 2026 20w ago | Insider Cluster | $159.03 $155.47 | ▼ −2.24% | ▼ −3.94% | — |
May 15, 2026 23w ago | 8-K | $158.92 $157.37 | ▼ −0.98% | ▼ −0.33% | — |
US Market Status
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