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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
JIC
576
Johnson Investment Counsel
Ohio
$284K – – –
MBTD
577
Mechanics Bank - Trust Department
California
$283K – – –
PFA
578
Pure Financial Advisors
California
$279K -$834 -5 -0.3%
AssetMark Inc
579
AssetMark Inc
California
$274K -$5.5K -33 -2%
PA
580
Parallel Advisors
California
$272K -$31.5K -189 -10%
AWA
581
Arkadios Wealth Advisors
Georgia
$271K -$109K -652 -28%
CIS
582
Custom Index Systems
New York
$270K – – –
AAM
583
Ackerman Asset Management
Maryland
$268K +$275K +1,650 New
Handelsbanken Fonder
584
Handelsbanken Fonder
Sweden
$268K +$54.8K +329 +25%
SF
585
Summit Financial
New Jersey
$266K -$24.2K -145 -8%
FISPB
586
Fideuram - Intesa Sanpaolo Private Banking
$264K +$237K +1,422 +697%
AWM
587
Athena Wealth Management
Nevada
$261K +$28.3K +170 +12%
FAFN
588
First Affirmative Financial Network
Colorado
$260K +$266K +1,598 New
PCA
589
Pallas Capital Advisors
Massachusetts
$259K +$21.8K +131 +9%
RFC
590
Regions Financial Corp
Alabama
$258K +$20K +120 +8%
HCMG
591
Howard Capital Management Group
California
$248K – – –
BPA
592
Beacon Pointe Advisors
California
$248K +$54.8K +329 +27%
PAG
593
Private Advisor Group
New Jersey
$247K +$21.3K +128 +9%
GSB
594
Greenfield Savings Bank
Massachusetts
$244K – – –
MIM
595
Merrion Investment Management
New Jersey
$244K – – –
LAM
596
Lewis Asset Management
California
$243K – – –
HIM
597
Hillsdale Investment Management
Ontario, Canada
$242K -$357K -2,139 -59%
SOW
598
State of Wyoming
Wyoming
$241K -$8.34K -50 -3%
AG
599
Ascent Group
Virginia
$239K +$3.83K +23 +2%
CRWM
600
Castle Rock Wealth Management
California
$238K – – –
22 23
24
25 26

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.