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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.

Institutional holdersQ4 2025: 815 institutions
Q1 2021: 460 institutionsQ2 2021: 478 institutionsQ3 2021: 470 institutionsQ4 2021: 528 institutionsQ1 2022: 534 institutionsQ2 2022: 561 institutionsQ3 2022: 567 institutionsQ4 2022: 603 institutionsQ1 2023: 602 institutionsQ2 2023: 605 institutionsQ3 2023: 607 institutionsQ4 2023: 638 institutionsQ1 2024: 682 institutionsQ2 2024: 696 institutionsQ3 2024: 729 institutionsQ4 2024: 736 institutionsQ1 2025: 737 institutionsQ2 2025: 767 institutionsQ3 2025: 750 institutionsQ4 2025: 815 institutionsQ1 2026: 796 institutionsQ2 2026: 842 institutions
Value heldQ4 2025: $38.5B
Q1 2021: $23.4BQ2 2021: $25.8BQ3 2021: $27.6BQ4 2021: $30.0BQ1 2022: $30.3BQ2 2022: $27.4BQ3 2022: $30.8BQ4 2022: $29.7BQ1 2023: $31.2BQ2 2023: $32.0BQ3 2023: $30.4BQ4 2023: $33.3BQ1 2024: $38.0BQ2 2024: $38.8BQ3 2024: $39.6BQ4 2024: $37.9BQ1 2025: $43.2BQ2 2025: $41.3BQ3 2025: $37.2BQ4 2025: $38.5BQ1 2026: $34.8BQ2 2026: $35.4B
Institutions holding WCN and their total value by quarter
QuarterHoldersValue
Q2 2026842$35.4B
Q1 2026796$34.8B
Q4 2025815$38.5B
Q3 2025750$37.2B
Q2 2025767$41.3B
Q1 2025737$43.2B
Q4 2024736$37.9B
Q3 2024729$39.6B
Q2 2024696$38.8B
Q1 2024682$38.0B
Q4 2023638$33.3B
Q3 2023607$30.4B
Q2 2023605$32.0B
Q1 2023602$31.2B
Q4 2022603$29.7B
Q3 2022567$30.8B
Q2 2022561$27.4B
Q1 2022534$30.3B
Q4 2021528$30.0B
Q3 2021470$27.6B
Q2 2021478$25.8B
Q1 2021460$23.4B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Waste Connections, Inc.; share changes are against Q3 2025.

Institutions holding WCN in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Bank of America Corp3,368,882$590.8M0.04%+452,063+15.5%Added
Pictet Asset Management Holding SA3,508,405$615.3M0.60%+190,123+5.7%Added
TD Asset Management Inc3,845,277$675.2M0.54%+4,473+0.1%Added
Norges Bank3,977,490$697.5M0.07%+3,977,490New
Wellington Management Group LLP4,675,737$819.9M0.14%+220,575+5.0%Added
JPMorgan Chase & Co4,763,742$835.4M0.06%+1,289,042+37.1%Added
1832 Asset Management L.P.5,652,029$991.1M1.26%+1,353,322+31.5%Added
Mackenzie Financial Corp5,619,426$999.6M1.18%−516,792−8.4%Reduced
BlackRock, Inc.5,930,912$1.04B0.02%−738,171−11.1%Reduced
WCM Investment Management, LLC6,286,390$1.12B2.31%−175,723−2.7%Reduced
Capital International Investors6,468,259$1.13B0.18%+1,420,921+28.2%Added
Bank of Montreal8,607,580$1.51B0.62%−251,547−2.8%Reduced
FMR LLC10,264,482$1.80B0.09%−114,164−1.1%Reduced
Royal Bank of Canada12,043,398$2.11B0.37%+1,258,206+11.7%Added
Vanguard Group Inc31,162,831$5.46B0.08%−422,453−1.3%Reduced
New York State Common Retirement Fund0$00.00%−151,525−100.0%Sold out
Twinbeech Capital LP0$00.00%−68,170−100.0%Sold out
UBS Oconnor LLC0$00.00%−64,100−100.0%Sold out
Adage Capital Partners GP, L.L.C.0$00.00%−46,696−100.0%Sold out
Entropy Technologies, LP0$00.00%−43,532−100.0%Sold out
Contravisory Investment Management, Inc.0$00.00%−40,164−100.0%Sold out
Explore Capital Management, LLC0$00.00%−39,000−100.0%Sold out
AustralianSuper Pty Ltd0$00.00%−26,467−100.0%Sold out
Holocene Advisors, LP0$00.00%−26,450−100.0%Sold out
Winton Group Ltd0$00.00%−25,900−100.0%Sold out
Aquatic Capital Management LLC0$00.00%−20,852−100.0%Sold out
SIG North Trading, ULC0$00.00%−14,230−100.0%Sold out
PCJ Investment Counsel Ltd.0$00.00%−12,670−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−10,870−100.0%Sold out
FORA Capital, LLC0$00.00%−9,093−100.0%Sold out
Highview Capital Management LLC0$00.00%−7,293−100.0%Sold out
Peregrine Capital Management LLC0$00.00%−5,122−100.0%Sold out
Frank, Rimerman Advisors LLC0$00.00%−4,129−100.0%Sold out
MQS Management LLC0$00.00%−3,843−100.0%Sold out
OneAscent Financial Services LLC0$00.00%−3,140−100.0%Sold out
Legacy Capital Group California, Inc.0$00.00%−2,894−100.0%Sold out
Man Group plc0$00.00%−2,316−100.0%Sold out
Bridgefront Capital, LLC0$00.00%−2,185−100.0%Sold out
Nomura Holdings Inc0$00.00%−1,877−100.0%Sold out
Blueshift Asset Management, LLC0$00.00%−1,781−100.0%Sold out
FDx Advisors, Inc.0$00.00%−1,828−100.0%Sold out
Summit Trail Advisors, LLC0$00.00%−1,625−100.0%Sold out
A4 Wealth Advisors LLC0$00.00%−1,525−100.0%Sold out
Mesirow Financial Investment Management, Inc.0$00.00%−1,485−100.0%Sold out
111 Capital0$00.00%−1,338−100.0%Sold out
Texas Yale Capital Corp.0$00.00%−1,246−100.0%Sold out
Change Path, LLC0$00.00%−1,212−100.0%Sold out
Harvest Investment Services, LLC0$00.00%−1,179−100.0%Sold out
Catalytic Wealth RIA, LLC0$00.00%−1,173−100.0%Sold out
Thomasville National Bank0$00.00%−1,168−100.0%Sold out
Glenview Trust Co0$00.00%−1,139−100.0%Sold out
Icon Wealth Advisors, LLC0$00.00%−934−100.0%Sold out
Aster Capital Management (DIFC) Ltd0$00.00%−884−100.0%Sold out
Mather Group, LLC.0$00.00%−409−100.0%Sold out
Loomis Sayles & Co L P0$00.00%−395−100.0%Sold out
Cloud Capital Management, LLC0$00.00%−369−100.0%Sold out
Simplex Trading, LLC0$00.00%−199−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−139−100.0%Sold out
Private Wealth Asset Management, LLC0$00.00%−71−100.0%Sold out
Geneos Wealth Management Inc.0$00.00%−48−100.0%Sold out
Quarry LP0$00.00%−48−100.0%Sold out
Halbert Hargrove Global Advisors, LLC0$00.00%−32−100.0%Sold out
Operose Advisors LLC0$00.00%−28−100.0%Sold out
Accent Capital Management, LLC0$00.00%−27−100.0%Sold out
WealthCollab, LLC0$00.00%−20−100.0%Sold out
Clayton Financial Group LLC0$00.00%−19−100.0%Sold out
Perritt Capital Management Inc0$00.00%−14−100.0%Sold out
JPL Wealth Management, LLC0$00.00%−13−100.0%Sold out
Quest 10 Wealth Builders, Inc.0$00.00%−12−100.0%Sold out
Hughes Financial Services, LLC0$00.00%−12−100.0%Sold out
Salem Investment Counselors Inc0$00.00%−10−100.0%Sold out
Financial Management Professionals, Inc.0$00.00%−9−100.0%Sold out
Tortoise Investment Management, LLC0$00.00%−4−100.0%Sold out
Burgundy Asset Management Ltd.––––Not filed
Thematics Asset Management––––Not filed
Cubist Systematic Strategies, LLC––––Not filed
AXA Investment Managers S.A.––––Not filed
Aware Super Pty Ltd as trustee of Aware Super––––Not filed
Shell Asset Management Co––––Not filed
CIBC Bancorp USA Inc.––––Not filed
Promus Capital, LLC––––Not filed
Glenmede Investment Management, LP––––Not filed
Wetherby Asset Management Inc––––Not filed
Wolverine Trading, LLC––––Not filed
Jarislowsky, Fraser Ltd––––Not filed
Bard Financial Services, Inc.––––Not filed
First Affirmative Financial Network––––Not filed
Point72 Europe (London) LLP––––Not filed
1858 Wealth Management, LLC––––Not filed
Point72 (DIFC) Ltd––––Not filed
Sagard Holdings Management Inc.––––Not filed
FSA Wealth Management LLC––––Not filed
Binnacle Investments Inc––––Not filed
Guerra Advisors Inc––––Not filed
Hemington Wealth Management––––Not filed