Waste Connections, Inc.
WCN- Exchange
- NYSE
- Industry
- Refuse Systems
- SEC CIK
- 0001318220
In the last 90 days, Waste Connections, Inc. insiders filed 0 open-market purchases and 5 sales; 842 institutions reported holding it in 13F filings for Q2 2026, worth $35.4B in total; Gates Foundation Trust is the only superinvestor holding it.
13F holders, Q4 2025
Institutional positions in Waste Connections, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 815
- +87 vs. Q3 2025
- Shares held
- 218.9M
- +7.61M (+3.6%) vs. Q3 2025
- Total value
- $38.5B
- +$1.33B (+3.6%) vs. Q3 2025
- New holders
- 145
- 271 more added
- Sold out
- 58
- 275 more reduced
22 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting WCN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 842 | $35.4B |
| Q1 2026 | 796 | $34.8B |
| Q4 2025 | 815 | $38.5B |
| Q3 2025 | 750 | $37.2B |
| Q2 2025 | 767 | $41.3B |
| Q1 2025 | 737 | $43.2B |
| Q4 2024 | 736 | $37.9B |
| Q3 2024 | 729 | $39.6B |
| Q2 2024 | 696 | $38.8B |
| Q1 2024 | 682 | $38.0B |
| Q4 2023 | 638 | $33.3B |
| Q3 2023 | 607 | $30.4B |
| Q2 2023 | 605 | $32.0B |
| Q1 2023 | 602 | $31.2B |
| Q4 2022 | 603 | $29.7B |
| Q3 2022 | 567 | $30.8B |
| Q2 2022 | 561 | $27.4B |
| Q1 2022 | 534 | $30.3B |
| Q4 2021 | 528 | $30.0B |
| Q3 2021 | 470 | $27.6B |
| Q2 2021 | 478 | $25.8B |
| Q1 2021 | 460 | $23.4B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Waste Connections, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 31,162,831 | $5.46B | 0.08% | −422,453−1.3% | Reduced |
| Royal Bank of Canada | 12,043,398 | $2.11B | 0.37% | +1,258,206+11.7% | Added |
| FMR LLC | 10,264,482 | $1.80B | 0.09% | −114,164−1.1% | Reduced |
| Bank of Montreal | 8,607,580 | $1.51B | 0.62% | −251,547−2.8% | Reduced |
| Capital International Investors | 6,468,259 | $1.13B | 0.18% | +1,420,921+28.2% | Added |
| WCM Investment Management, LLC | 6,286,390 | $1.12B | 2.31% | −175,723−2.7% | Reduced |
| BlackRock, Inc. | 5,930,912 | $1.04B | 0.02% | −738,171−11.1% | Reduced |
| Mackenzie Financial Corp | 5,619,426 | $999.6M | 1.18% | −516,792−8.4% | Reduced |
| 1832 Asset Management L.P. | 5,652,029 | $991.1M | 1.26% | +1,353,322+31.5% | Added |
| JPMorgan Chase & Co | 4,763,742 | $835.4M | 0.06% | +1,289,042+37.1% | Added |
| Wellington Management Group LLP | 4,675,737 | $819.9M | 0.14% | +220,575+5.0% | Added |
| Norges Bank | 3,977,490 | $697.5M | 0.07% | +3,977,490 | New |
| TD Asset Management Inc | 3,845,277 | $675.2M | 0.54% | +4,473+0.1% | Added |
| Pictet Asset Management Holding SA | 3,508,405 | $615.3M | 0.60% | +190,123+5.7% | Added |
| Bank of America Corp | 3,368,882 | $590.8M | 0.04% | +452,063+15.5% | Added |
| Morgan Stanley | 3,043,147 | $533.6M | 0.03% | −23,647−0.8% | Reduced |
| Goldman Sachs Group Inc | 2,900,763 | $508.7M | 0.07% | +1,066,095+58.1% | Added |
| Fiera Capital Corp | 2,764,876 | $485.1M | 1.54% | +70,396+2.6% | Added |
| Price T Rowe Associates Inc | 2,669,720 | $468.2M | 0.05% | −695,028−20.7% | Reduced |
| Manufacturers Life Insurance Company, The | 2,505,148 | $440.2M | 0.36% | −285,952−10.2% | Reduced |
| Stockbridge Partners LLC | 2,367,313 | $415.1M | 9.14% | +132,786+5.9% | Added |
| Montrusco Bolton Investments Inc. | 2,345,566 | $397.9M | 4.96% | +92,633+4.1% | Added |
| National Bank of Canada | 2,084,573 | $363.8M | 0.37% | −141,094−6.3% | Reduced |
| CIBC World Markets Inc. | 2,044,769 | $358.7M | 0.64% | +254,176+14.2% | Added |
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 2,039,175 | $357.6M | 1.01% | 00.0% | Unchanged |
| CIBC Asset Management Inc | 1,962,470 | $345.3M | 0.83% | −28,642−1.4% | Reduced |
| State Street Corp | 1,906,681 | $334.4M | 0.01% | +28,420+1.5% | Added |
| Principal Financial Group Inc | 1,808,741 | $317.2M | 0.16% | −123,945−6.4% | Reduced |
| Brown Advisory Inc | 1,677,773 | $294.2M | 0.41% | +413,202+32.7% | Added |
| Canada Pension Plan Investment Board | 1,573,111 | $275.9M | 0.18% | +261,624+19.9% | Added |
| Two Sigma Advisers, LP | 1,522,150 | $266.9M | 0.52% | −5,600−0.4% | Reduced |
| Nuveen, LLC | 1,361,006 | $238.7M | 0.06% | −131,965−8.8% | Reduced |
| Deutsche Bank AG | 1,334,098 | $233.9M | 0.08% | +683,888+105.2% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 1,327,867 | $232.9M | 0.61% | +54,386+4.3% | Added |
| Legal & General Group Plc | 1,288,466 | $226.1M | 0.05% | +33,841+2.7% | Added |
| Public Employees Retirement Association of Colorado | 1,218,929 | $213.8M | 0.79% | −87,234−6.7% | Reduced |
| Neuberger Berman Group LLC | 1,195,103 | $209.6M | 0.16% | −45,649−3.7% | Reduced |
| King Luther Capital Management Corp | 1,121,255 | $196.6M | 0.80% | −4810.0% | Reduced |
| Omers Administration Corp | 1,116,452 | $195.8M | 1.40% | −4,200−0.4% | Reduced |
| Nomura Asset Management International Inc. | 1,086,213 | $190.5M | 0.29% | +1,086,213 | New |
| Raymond James Financial Inc | 1,072,940 | $189.7M | 0.06% | −19,828−1.8% | Reduced |
| Two Sigma Investments, LP | 1,079,135 | $189.2M | 0.28% | −184,783−14.6% | Reduced |
| Franklin Resources Inc | 1,067,651 | $187.2M | 0.05% | −144,914−12.0% | Reduced |
| British Columbia Investment Management Corp | 1,062,292 | $186.3M | 0.98% | +352,389+49.6% | Added |
| DF Dent & Co Inc | 1,040,943 | $182.5M | 2.63% | −122,015−10.5% | Reduced |
| Citadel Advisors LLC | 1,034,755 | $181.5M | 0.12% | +682,243+193.5% | Added |
| Storebrand Asset Management AS | 1,001,326 | $175.6M | 0.47% | +2,784+0.3% | Added |
| Sands Capital Management, LLC | 965,880 | $169.4M | 0.52% | −217,314−18.4% | Reduced |
| Geode Capital Management, LLC | 873,578 | $160.5M | 0.01% | +49,618+6.0% | Added |
| Clearbridge Investments, LLC | 907,316 | $159.1M | 0.13% | −26,742−2.9% | Reduced |
| Skye Global Management LP | 892,000 | $156.4M | 3.16% | +209,500+30.7% | Added |
| Northern Trust Corp | 851,725 | $149.4M | 0.02% | −11,513−1.3% | Reduced |
| FIL Ltd | 835,391 | $146.5M | 0.11% | −2,550,222−75.3% | Reduced |
| Toronto Dominion Bank | 806,698 | $141.5M | 0.25% | +134,860+20.1% | Added |
| Snyder Capital Management L P | 789,117 | $138.4M | 2.58% | +19,671+2.6% | Added |
| AQR Capital Management LLC | 775,312 | $136.0M | 0.07% | +593,715+326.9% | Added |
| Agf Management Ltd | 766,893 | $134.5M | 0.58% | −94,347−11.0% | Reduced |
| UBS Group AG | 759,761 | $133.2M | 0.03% | −24,878−3.2% | Reduced |
| Federation des caisses Desjardins du Quebec | 756,236 | $131.2M | 0.50% | +463,822+158.6% | Added |
| Swiss National Bank | 705,645 | $123.7M | 0.07% | −39,200−5.3% | Reduced |
| Arrowstreet Capital, Limited Partnership | 703,033 | $123.3M | 0.07% | −134,302−16.0% | Reduced |
| Rathbone Brothers plc | 669,442 | $117.4M | 0.46% | +7,866+1.2% | Added |
| Silvercrest Asset Management Group LLC | 649,592 | $113.9M | 0.78% | −31,233−4.6% | Reduced |
| Picton Mahoney Asset Management | 641,243 | $112.6M | 1.23% | +100,917+18.7% | Added |
| Baird Financial Group, Inc. | 637,323 | $111.8M | 0.17% | +60,318+10.5% | Added |
| Charles Schwab Investment Management Inc | 628,277 | $110.3M | 0.02% | +19,065+3.1% | Added |
| Dimensional Fund Advisors LP | 622,612 | $109.2M | 0.02% | +18,442+3.1% | Added |
| TCW Group Inc | 612,177 | $107.4M | 0.77% | −40,022−6.1% | Reduced |
| Findlay Park Partners LLP | 600,458 | $105.3M | 1.34% | −121,500−16.8% | Reduced |
| Amundi | 599,586 | $105.1M | 0.03% | +25,731+4.5% | Added |
| EULAV Asset Management | 590,713 | $103.6M | 2.76% | −30,000−4.8% | Reduced |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 573,232 | $100.5M | 0.09% | −2,329−0.4% | Reduced |
| Schroder Investment Management Group | 547,482 | $97.5M | 0.07% | −101,635−15.7% | Reduced |
| DekaBank Deutsche Girozentrale | 534,779 | $96.3M | 0.18% | 00.0% | Unchanged |
| BCV Asset Management Inc. | 414,046 | $92.6M | 2.34% | +414,046 | New |
| Impax Asset Management Group plc | 481,705 | $84.5M | 0.53% | −172,106−26.3% | Reduced |
| Balyasny Asset Management LLC | 469,105 | $82.3M | 0.15% | +265,517+130.4% | Added |
| Scotia Capital Inc. | 470,499 | $81.7M | 0.33% | +38,009+8.8% | Added |
| Envestnet Asset Management Inc | 455,650 | $79.9M | 0.02% | −27,636−5.7% | Reduced |
| Allianz Asset Management GmbH | 452,932 | $79.5M | 0.09% | −33,602−6.9% | Reduced |
| Nicholas Company, Inc. | 449,112 | $78.8M | 1.38% | +109,950+32.4% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 437,550 | $76.9M | 0.09% | +437,550 | New |
| Ameriprise Financial Inc | 394,025 | $76.9M | 0.02% | −282,799−41.8% | Reduced |
| PGGM Investments | 423,659 | $74.3M | 1.18% | +169,504+66.7% | Added |
| Champlain Investment Partners, LLC | 412,335 | $72.3M | 0.73% | +412,335 | New |
| National Pension Service | 402,969 | $70.7M | 0.05% | +17,523+4.5% | Added |
| Davis R M Inc | 390,930 | $68.6M | 1.18% | −5,511−1.4% | Reduced |
| MUFG Securities (Canada), Ltd. | 389,553 | $68.3M | 1.90% | −38,020−8.9% | Reduced |
| Massachusetts Financial Services Co | 387,552 | $68.0M | 0.02% | −6,747−1.7% | Reduced |
| Tandem Investment Advisors, Inc. | 362,780 | $63.6M | 2.37% | −16,552−4.4% | Reduced |
| TD Waterhouse Canada Inc. | 364,682 | $63.2M | 0.39% | −53,305−12.8% | Reduced |
| Voloridge Investment Management, LLC | 356,705 | $62.6M | 0.22% | −169,157−32.2% | Reduced |
| Invesco Ltd. | 354,424 | $62.2M | 0.01% | +165,344+87.4% | Added |
| Marshall Wace, LLP | 340,628 | $59.7M | 0.06% | +72,302+26.9% | Added |
| Argent Capital Management LLC | 338,295 | $59.3M | 1.68% | −10,386−3.0% | Reduced |
| SEI Investments Co | 322,435 | $56.5M | 0.06% | +65,083+25.3% | Added |
| Bank of New York Mellon Corp | 320,657 | $56.2M | 0.01% | +7,068+2.3% | Added |
| Westfield Capital Management Co LP | 313,276 | $54.9M | 0.23% | +24,546+8.5% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 311,161 | $54.6M | 0.03% | −15,979−4.9% | Reduced |
| Eventide Asset Management, LLC | 310,111 | $54.4M | 0.85% | +590+0.2% | Added |