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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
SWM
676
Spire Wealth Management
Virginia
$44.1K -$105K -632 -70%
CT
677
Caldwell Trust
Florida
$42.9K – – –
LI
678
Louisbourg Investments
New Brunswick, Canada
$38.9K – – –
CMA
679
Cedar Mountain Advisors
Oregon
$37K – – –
AF
680
Advisornet Financial
Minnesota
$36.5K – – –
BFP
681
Birchwood Financial Partners
Minnesota
$36.5K – – –
GWS
682
Greykasell Wealth Strategies
California
$31K +$167 +1 +0.5%
WA
683
Whipplewood Advisors
Colorado
$30.9K +$29.2K +175 +1,167%
EP
684
Essential Partners
California
$30.4K -$154K -921 -83%
PP
685
Pacifica Partners
Canada
$29.2K – – –
KFP
686
Kerr Financial Planning
California
$29.1K – – –
BTI
687
Blue Trust Inc
Georgia
$27K -$28.8K -173 -51%
LC
688
Lavaca Capital
Texas
$26.8K – – –
BIA
689
Bell Investment Advisors
California
$26.3K +$2.33K +14 +9%
LFG
690
Larson Financial Group
Missouri
$26.3K -$33.7K -202 -55%
RCM
691
Richardson Capital Management
Wisconsin
$26.2K +$15.2K +91 +130%
OA
692
Operose Advisors
Wisconsin
$25.5K +$26.2K +157 New
TWD
693
True Wealth Design
Ohio
$25K -$28.3K -170 -52%
Walleye Trading
694
Walleye Trading
New York
$25K +$25.7K +154 New
ADL
695
Asset Dedication LLC
California
$24.4K – – –
MHR
696
Matthew Hamilton Rosenberg
$24.4K – – –
CHC
697
City Holding Co
West Virginia
$24K – – –
EI
698
EFG International
$20.4K – – –
CPG
699
Cornerstone Planning Group
New Jersey
$19.6K – – –
MA
700
Montag & Associates
Georgia
$18.8K -$167 -1 -0.9%
26 27
28
29 30

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.