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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
MCM
326
MAI Capital Management
Ohio
$2.31M +$197K +1,180 +9%
DGM
327
Delta Global Management
New York
$2.28M +$1.14M +6,815 +95%
MFS
328
Mattson Financial Services
Michigan
$2.19M -$26.5K -159 -1%
WG
329
Winton Group
United Kingdom
$2.14M +$2.2M +13,200 New
WTB
330
Washington Trust Bank
Washington
$2.13M – – –
Wealth Enhancement Advisory Services
331
Wealth Enhancement Advisory Services
Minnesota
$2.09M -$1.08M -6,506 -34%
UBP
332
Union Bancaire Privee
Switzerland
$2.09M -$26.5K -159 -1%
AIM
333
Achmea Investment Management
Netherlands
$2.08M -$571K -3,426 -21%
RIM
334
Rakuten Investment Management
Japan
$2.07M +$313K +1,875 +17%
JWBC
335
J.W. Burns & Co
New York
$2.03M – – –
CF
336
Canoe Financial
Alberta, Canada
$1.95M – – –
ET
337
Equitable Trust
Tennessee
$1.94M +$28.8K +173 +1%
ERSOT
338
Employees Retirement System of Texas
Texas
$1.93M +$637K +3,821 +48%
GAM
339
Gotham Asset Management
New York
$1.92M -$1.06M -6,357 -35%
ALMGDA
340
AG2R La Mondiale Gestion d'Actifs
France
$1.92M +$26K +156 +1%
OAC
341
OMERS Administration Corp
Ontario, Canada
$1.91M -$184M -1,104,668 -99%
Rockefeller Capital Management
342
Rockefeller Capital Management
New York
$1.86M +$812K +4,871 +74%
PIMJS
343
PKO Investment Management Joint-Stock
Poland
$1.86M – – –
BEI
344
Benjamin Edwards Inc
Missouri
$1.83M +$271K +1,625 +17%
TI
345
Tidal Investments
Wisconsin
$1.83M +$276K +1,653 +17%
MOS
346
MGO One Seven
Ohio
$1.81M +$77.2K +463 +4%
KIA
347
Knollwood Investment Advisory
Maryland
$1.79M – – –
LIM
348
Leavell Investment Management
Alabama
$1.77M +$4.17K +25 +0.2%
OIMU
349
Osmosis Investment Management UK
United Kingdom
$1.75M -$494K -2,965 -22%
DRD
350
Dennis R. Delaney
$1.73M +$1.78M +10,652 New
12 13
14
15 16

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.