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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
A
251
Allianz
Germany
$6.32M – – –
AV
252
ASR Vermogensbeheer
Netherlands
$6.27M +$134K +804 +2%
QCM
253
Quantinno Capital Management
New York
$6.15M +$2.38M +14,288 +61%
US Bancorp
254
US Bancorp
Minnesota
$5.91M -$3.55M -21,287 -37%
AC
255
Allstate Corporation
Illinois
$5.69M +$2.24M +13,442 +62%
MC
256
Middleton & Co
Massachusetts
$5.65M +$1.4M +8,395 +32%
JAM
257
JCIC Asset Management
Ontario, Canada
$5.64M +$116K +698 +2%
Daiwa Securities Group
258
Daiwa Securities Group
Japan
$5.6M -$3.81M -22,838 -40%
GGHC
259
Gilder Gagnon Howe & Co
New York
$5.5M +$3.5M +20,976 +163%
CCM
260
Carderock Capital Management
Maryland
$5.46M +$69.3K +416 +1%
MPWT
261
MassMutual Private Wealth & Trust
Connecticut
$5.4M +$235K +1,407 +4%
BFA
262
Beaumont Financial Advisors
Massachusetts
$5.35M +$145K +870 +3%
VA
263
Vident Advisory
Georgia
$5.35M +$1.26M +7,580 +30%
MHI
264
Miller Howard Investments
New York
$5.29M +$939K +5,633 +21%
NAM
265
Nissay Asset Management
Japan
$5.2M +$25.3K +152 +0.5%
CF
266
Centaurus Financial
California
$5.19M +$153K +918 +3%
American Century Companies
267
American Century Companies
Missouri
$5.02M +$1.17M +6,994 +29%
SMDAM
268
Sumitomo Mitsui DS Asset Management
Japan
$4.93M +$15.3K +92 +0.3%
WHG
269
Westwood Holdings Group
Texas
$4.92M – – –
Truist Financial
270
Truist Financial
North Carolina
$4.73M -$276K -1,655 -5%
MSRPS
271
Maryland State Retirement & Pension System
Maryland
$4.68M +$309K +1,853 +7%
Robeco Institutional Asset Management
272
Robeco Institutional Asset Management
Netherlands
$4.67M -$91.4K -548 -2%
BPIM
273
Brant Point Investment Management
New York
$4.66M -$989K -5,932 -17%
OC
274
Owlhouse Capital
New York
$4.61M +$4.73M +28,352 New
URS
275
Utah Retirement Systems
Utah
$4.54M -$133K -797 -3%
9 10
11
12 13

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.