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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
Twin Tree Management
426
Twin Tree Management
Texas
$933K +$957K +5,741 New
NW
427
NewEdge Wealth
Pennsylvania
$926K +$269K +1,615 +40%
CAM
428
Claret Asset Management
Quebec, Canada
$924K +$167 +1 +0%
Credit Agricole
429
Credit Agricole
France
$924K +$16.8K +101 +2%
Osaic Holdings
430
Osaic Holdings
Arizona
$917K -$192K -1,153 -17%
GT
431
Glenmede Trust
Pennsylvania
$912K -$153K -920 -14%
TCM
432
Tuttle Capital Management
Connecticut
$907K +$202K +1,211 +28%
WF
433
Welch & Forbes
Massachusetts
$902K – – –
RSC
434
Red Spruce Capital
Pennsylvania
$880K – – –
CI Investments Inc
435
CI Investments Inc
Ontario, Canada
$871K -$8.71M -52,235 -91%
GIC
436
Generali Investments CEE
Czech Republic
$868K -$70.8K -425 -7%
VCA
437
Verdence Capital Advisors
Maryland
$864K +$42.8K +257 +5%
LNWTC
438
Laird Norton Wetherby Trust Company
Washington
$863K +$5.5K +33 +0.6%
BCV
439
Banque Cantonale Vaudoise
Switzerland
$840K -$16.5K -99 -2%
EWA
440
EP Wealth Advisors
California
$832K -$207K -1,243 -20%
UM
441
UniSuper Management
Australia
$828K – – –
GCC
442
Guardian Capital (Canada)
Ontario, Canada
$827K +$121K +725 +17%
CIM
443
Caldwell Investment Management
Ontario, Canada
$826K +$850K +5,100 New
SFA
444
Sequoia Financial Advisors
Ohio
$826K -$25.7K -154 -3%
DS
445
DRW Securities
Illinois
$823K +$845K +5,066 New
LC
446
Lincoln Capital
Nebraska
$822K – – –
GI
447
GAMMA Investing
California
$801K -$17.8K -107 -2%
MWM
448
Modern Wealth Management
Kansas
$792K +$536K +3,217 +196%
KAS
449
Kestra Advisory Services
Texas
$791K -$168K -1,007 -17%
SNBOSD
450
Security National Bank of So Dak
Iowa
$757K – – –
16 17
18
19 20

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.