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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
GHA
201
GW Henssler & Associates
Georgia
$11.8M +$2.48M +14,901 +26%
ECSS
202
Eurizon Capital SGR SpA
$11.8M +$12.1M +72,339 New
ASRS
203
Arizona State Retirement System
Arizona
$11.4M -$422K -2,531 -3%
OAM
204
Oppenheimer Asset Management
New York
$11.4M +$1.65M +9,893 +16%
SIA
205
Sit Investment Associates
Minnesota
$11.2M +$65K +390 +0.6%
AF
206
Allworth Financial
California
$11.2M -$343K -2,056 -3%
FCM
207
Frontier Capital Management
Massachusetts
$11.1M -$982K -5,893 -8%
Corient Private Wealth
208
Corient Private Wealth
Florida
$10.8M -$12.1M -72,301 -52%
DnB Asset Management
209
DnB Asset Management
Norway
$10.7M +$682K +4,093 +7%
AIMCA
210
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$10.1M +$6.73M +40,353 +188%
GIA
211
Gateway Investment Advisers
Ohio
$9.68M -$2.15M -12,917 -18%
EAM
212
EdenTree Asset Management
United Kingdom
$9.62M +$992K +5,950 +11%
LI
213
LMCG Investments
Massachusetts
$9.55M -$220K -1,317 -2%
FBB
214
Fulton Breakefield Broenniman
Maryland
$9.53M -$113K -680 -1%
IMCOOI
215
Investment Management Corp of Ontario (IMCO)
Canada
$9.3M +$1M +6,000 +12%
ET
216
Entropy Technologies
New York
$9.17M +$9.41M +56,433 New
Public Sector Pension Investment Board (PSP Investments)
217
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$8.89M -$21.6M -129,446 -70%
BGDI
218
BW Gestao de Investimentos
Brazil
$8.81M +$2.1M +12,609 +30%
SAM
219
SEB Asset Management
$8.7M +$8.93M +53,567 New
RCM
220
Ravenstone Capital Management
$8.52M +$249K +1,493 +3%
AP
221
Appleton Partners
Massachusetts
$8.43M -$2.83K -17 -0%
ZAM
222
Zevin Asset Management
Massachusetts
$8.1M +$585K +3,512 +8%
II
223
IFM Investors
Australia
$8.07M +$362K +2,173 +5%
UIM
224
USS Investment Management
United Kingdom
$8.03M +$330K +1,982 +4%
VI
225
Vestcor Inc
New Brunswick, Canada
$7.97M +$1.45M +8,700 +22%
7 8
9
10 11

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.