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WCN

Waste Connections
WCN

794 hedge funds and large institutions have $34.8B invested in Waste Connections in 2026 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 264 increasing their positions, 304 reducing their positions, and 107 closing their positions.

New
Increased
Maintained
Reduced
Closed

151% more call options, than puts

Call options by funds: $68.2M | Put options by funds: $27.2M

35% more funds holding in top 10

Funds holding in top 10: 17 → 23 (+6)

1.7% less ownership

Funds ownership: 85.61% → 83.91% (-1.7%)

2% less funds holding

Funds holding: 813 → 794 (-19)

10% less capital invested

Capital invested by funds: $38.5B → $34.8B (-$3.66B)

10% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 107

13% less repeat investments, than reductions

Existing positions increased: 264 | Existing positions reduced: 304

Holders
794
Holders Change
-19
Holders Change %
-2.34%
% of All Funds
9.77%
Holding in Top 10
23
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+35.29%
% of All Funds
0.28%
New
96
Increased
264
Reduced
304
Closed
107
Calls
$68.2M
Puts
$27.2M
Net Calls
+$41.1M
Net Calls Change
+$12.8M

Top Buyers

1
Two Sigma Investments
Two Sigma Investments
New York
+$394M
2
Citadel Advisors
Citadel Advisors
Florida
+$347M
3
Goldman Sachs
Goldman Sachs
New York
+$302M
4
Impax Asset Management Group
Impax Asset Management Group
United Kingdom
+$273M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$244M

Top Sellers

1
WCM Investment Management
WCM Investment Management
California
-$402M
2
JP Morgan Chase
JP Morgan Chase
New York
-$381M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$217M
4
Capital International Investors
Capital International Investors
California
-$207M
5
Pictet Asset Management
Pictet Asset Management
Switzerland
-$197M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
226
LPL Financial
California
$7.96M -$1.74M -10,416 -18%
SBH
227
Segall Bryant & Hamill
Illinois
$7.95M -$612K -3,672 -7%
RhumbLine Advisers
228
RhumbLine Advisers
Massachusetts
$7.89M -$23.2K -139 -0.3%
FAM
229
Fulcrum Asset Management
United Kingdom
$7.88M +$4.18M +25,073 +107%
QT
230
Quantbot Technologies
New York
$7.82M +$6.89M +41,333 +605%
P
231
PensionDanmark
Denmark
$7.74M -$297K -1,780 -4%
CGPCS
232
Capital Group Private Client Services
California
$7.74M -$2.86M -17,139 -26%
HF
233
HRT Financial
New York
$7.68M -$2.4M -14,371 -23%
CS
234
Candriam SCA
Luxembourg
$7.64M -$1.31M -7,840 -14%
DILIC
235
Dai-ichi Life Insurance Company
Japan
$7.54M -$680K -4,078 -8%
AF
236
Aviso Financial
Ontario, Canada
$7.54M -$1.44M -8,666 -16%
MNA
237
Manning & Napier Advisors
New York
$7.49M +$7.69M +46,114 New
Teacher Retirement System of Texas
238
Teacher Retirement System of Texas
Texas
$7.41M -$118K -709 -2%
Swedbank
239
Swedbank
Sweden
$7.08M – – –
IMPI
240
Ilmarinen Mutual Pension Insurance
Finland
$7.07M – – –
Pathstone Holdings
241
Pathstone Holdings
New Jersey
$6.98M +$535K +3,209 +8%
AF
242
Avanza Fonder
Sweden
$6.83M – – –
SLAM
243
Swiss Life Asset Management
$6.7M +$1.06M +6,388 +18%
EGM
244
Engineers Gate Manager
New York
$6.69M +$6.43M +38,577 +1,481%
William Blair & Company
245
William Blair & Company
Illinois
$6.6M -$6.26M -37,546 -48%
VanEck Associates
246
VanEck Associates
New York
$6.54M +$430K +2,580 +7%
LM
247
Lansing Management
New York
$6.53M +$4.18M +25,080 +166%
Mariner
248
Mariner
Kansas
$6.45M -$19.8M -118,511 -75%
Cerity Partners
249
Cerity Partners
New York
$6.4M -$439K -2,635 -6%
SM
250
Sciencast Management
New Jersey
$6.34M +$934K +5,601 +17%
8 9
10
11 12

WCN Hedge Fund Activity: Q1 2026 in Review

794 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Waste Connections (WCN) for Q1 2026, worth a combined $34.8B — down 9.5% from $38.5B a quarter earlier.

Sellers outnumbered buyers: 107 funds closed out of WCN and 96 opened new positions — a net loss of 11 holders — while 304 trimmed existing stakes and 264 added.

The largest buyer was Two Sigma Investments, adding an estimated $394M. The largest seller was WCM Investment Management, cutting an estimated $402M.

  • 794 institutional investors held Waste Connections (WCN) as of Q1 2026, down from 813 in Q4 2025.
  • Funds reported $34.8B of Waste Connections stock for Q1 2026, down 9.5% quarter-over-quarter.
  • 96 funds opened new Waste Connections positions in Q1 2026 and 107 closed out, a net change of -11 holders.
  • The largest Waste Connections buyer in Q1 2026 was Two Sigma Investments, an estimated $394M added.
  • The largest Waste Connections seller in Q1 2026 was WCM Investment Management, an estimated $402M sold.

Based on aggregated 13F filings for Q1 2026.