ADW Capital Management’s GFL Environmental GFL Stock Holding History

ADW Capital Management’s Portfolio GFL Stock Details GFL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$42.1M	Hold	1,010,000	–	–	16.38%	3
2025 Q4	$43.4M	Hold	1,010,000	–	–	32.4%	2
2025 Q3	$47.9M	Hold	1,010,000	–	–	27.36%	1
2025 Q2	$51M	Hold	1,010,000	–	–	13.91%	3
2025 Q1	$48.8M	Buy	1,010,000 +20,000	+2%	+$907K	15.83%	2
2024 Q4	$44.1M	Hold	990,000	–	–	13.55%	3
2024 Q3	$39.5M	Hold	990,000	–	–	12.44%	5
2024 Q2	$38.5M	Sell	990,000 -660,000	-40%	-$22.6M	8.31%	5
2024 Q1	$56.9M	Hold	1,650,000	–	–	11.36%	3
2023 Q4	$56.9M	Hold	1,650,000	–	–	12.77%	4
2023 Q3	$52.4M	Hold	1,650,000	–	–	14.1%	4
2023 Q2	$64M	Hold	1,650,000	–	–	16.33%	3
2023 Q1	$56.8M	Buy	1,650,000 +673,112	+69%	+$21.2M	16.71%	3
2022 Q4	$28.6M	Buy	976,888 +317,888	+48%	+$8.63M	10.59%	4
2022 Q3	$16.7M	Hold	659,000	–	–	7.87%	5
2022 Q2	$17M	Hold	659,000	–	–	8.02%	5
2022 Q1	$21.4M	Sell	659,000 -50,000	-7%	-$1.57M	8.32%	5
2021 Q4	$26.8M	Hold	709,000	–	–	8.19%	4
2021 Q3	$26.3M	Sell	709,000 -591,000	-45%	-$20.4M	8.27%	5
2021 Q2	$41.5M	Hold	1,300,000	–	–	12.22%	4
2021 Q1	$45.4M	Sell	1,300,000 -217,000	-14%	-$6.71M	14.47%	4
2020 Q4	$44.3M	Buy	1,517,000 +22,000	+1%	+$539K	15.71%	3
2020 Q3	$31.8M	Buy	1,495,000 +660,000	+79%	+$13.3M	18.51%	3
2020 Q2	$15.7M	Buy	+835,000	New	+$14.3M	15.03%	3

Other funds holding GFL

BC Partners New York $5.96B AUM 15.21% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

OTPPB

Ontario Teachers' Pension Plan Board Toronto, Ontario, Canada $3.46B AUM 7.79% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Nordea Investment Management Stockholm, Sweden $107B AUM 24.58% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

BGC

Beutel, Goodman & Co Toronto, Ontario, Canada $14.8B AUM 15.12% 1-Year Est. Return

Pictet Asset Management Carouge, Switzerland $105B AUM 38.07% 1-Year Est. Return

ADW Capital Management's GFL Position: Q1 2026 in Review

ADW Capital Management held its GFL Environmental (GFL) position steady in Q1 2026 at 1,010,000 shares worth $42.1M. The position accounts for 16.38% of the portfolio, ranked #3.

ADW Capital Management first reported a position in GFL in Q2 2020 and has held it in 24 quarters since. The position peaked at $64M in Q2 2023. 327 funds tracked by Wall St. Rank hold GFL as of Q1 2026.

ADW Capital Management held 1,010,000 shares of GFL Environmental worth $42.1M as of Q1 2026.
ADW Capital Management left its GFL Environmental share count unchanged in Q1 2026.
GFL Environmental made up 16.38% of ADW Capital Management's portfolio in Q1 2026, its #3 holding.
ADW Capital Management first reported a position in GFL Environmental in Q2 2020 and has held it in 24 quarters since.
ADW Capital Management's GFL Environmental position peaked at $64M in Q2 2023.
327 funds tracked by Wall St. Rank held GFL Environmental as of Q1 2026.

Based on ADW Capital Management's 13F filing for Q1 2026, filed 15 May 2026.