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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
Janney Montgomery Scott
301
Janney Montgomery Scott
Pennsylvania
$2.97M -$219K -1,315 -7%
Creative Planning
302
Creative Planning
Kansas
$2.95M -$638K -3,827 -17%
CAPTRUST Financial Advisors
303
CAPTRUST Financial Advisors
North Carolina
$2.95M +$200K +1,200 +7%
OSAM
304
O'Shaughnessy Asset Management
Connecticut
$2.93M +$145K +867 +5%
WIA
305
Westview Investment Advisors
Vermont
$2.87M -$183K -1,100 -6%
SC
306
SummitTX Capital
Texas
$2.85M +$2.92M +17,533 New
KCM
307
Kornitzer Capital Management
Kansas
$2.84M +$2.92M +17,509 New
EAM
308
Erste Asset Management
Austria
$2.82M -$1.13M -6,800 -28%
WA
309
Waverly Advisors
Alabama
$2.78M +$59.7K +358 +2%
Northwestern Mutual Wealth Management
310
Northwestern Mutual Wealth Management
Wisconsin
$2.77M +$1.19M +7,158 +72%
HighTower Advisors
311
HighTower Advisors
Illinois
$2.77M -$762K -4,569 -21%
AAP
312
Arax Advisory Partners
Colorado
$2.68M -$282K -1,694 -9%
SVWAG
313
Sound View Wealth Advisors Group
Georgia
$2.66M +$73.8K +443 +3%
AAIS
314
ABN AMRO Investment Solutions
$2.65M +$903K +5,415 +50%
PCIA
315
Prime Capital Investment Advisors
Kansas
$2.55M -$443K -2,660 -14%
GP
316
Guardian Partners
Canada
$2.51M -$317K -1,899 -11%
Macquarie Group
317
Macquarie Group
Australia
$2.5M +$113K +676 +5%
OAM
318
Ostrum Asset Management
France
$2.49M -$2.1M -12,617 -45%
AS
319
Aware Super
Australia
$2.48M +$2.55M +15,295 New
ORI
320
Oak Ridge Investments
Illinois
$2.43M -$23K -138 -0.9%
QCM
321
QRG Capital Management
Illinois
$2.42M -$110K -658 -4%
HAM
322
Harber Asset Management
North Carolina
$2.42M +$2.48M +14,881 New
X
323
Xponance
Pennsylvania
$2.39M -$3.67K -22 -0.1%
State Board of Administration of Florida Retirement System
324
State Board of Administration of Florida Retirement System
Florida
$2.36M – – –
AllianceBernstein
325
AllianceBernstein
Tennessee
$2.33M +$91K +546 +4%
11 12
13
14 15

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.