Waste Connections
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.
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
Top Buyers
| 1 |
Two Sigma Investments
New York
|
+$394M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$347M |
| 3 |
Goldman Sachs
New York
|
+$302M |
| 4 |
Impax Asset Management Group
London,
United Kingdom
|
+$273M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$244M |
Top Sellers
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.