Waste Connections
796 hedge funds and large institutions have $34.8B invested in Waste Connections in 2026 Q1 according to their latest regulatory filings, with 97 funds opening new positions, 264 increasing their positions, 305 reducing their positions, and 109 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)
1.66% less ownership
Funds ownership: 85.58% → 83.92% (-1.7%)
2% less funds holding
Funds holding: 815 → 796 (-19)
9% less capital invested
Capital invested by funds: $38.5B → $34.8B (-$3.64B)
11% less first-time investments, than exits
New positions opened: 97 | Existing positions closed: 109
13% less repeat investments, than reductions
Existing positions increased: 264 | Existing positions reduced: 305
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 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
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM Investment Management
Laguna Beach,
California
|
-$402M |
| 2 |
JP Morgan Chase
New York
|
-$381M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$217M |
| 4 |
Capital International Investors
Los Angeles,
California
|
-$207M |
| 5 |
Pictet Asset Management
Carouge,
Switzerland
|
-$197M |
WCN Hedge Fund Activity: Q1 2026 in Review
796 of the 8,208 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: 109 funds closed out of WCN and 97 opened new positions — a net loss of 12 holders — while 305 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.
- 796 institutional investors held Waste Connections (WCN) as of Q1 2026, down from 815 in Q4 2025.
- Funds reported $34.8B of Waste Connections stock for Q1 2026, down 9.5% quarter-over-quarter.
- 97 funds opened new Waste Connections positions in Q1 2026 and 109 closed out, a net change of -12 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.