Waste ConnectionsWCN
13F holders, Q2 2025 (June 30)At the end of Q2 2025, 766 institutions reported holding Waste Connections Inc. (WCN) in their 13F filings, up 28 from Q1 2025. 81 opened new positions and 53 sold out. The largest holders were Vanguard Group Inc. ($5.8B), Royal Bank of Canada ($2.1B) and Bank of Montreal ($1.6B). 10 famous investors held it, including Bill Gates / Michael Larson (0.8% of Gates Foundation Trust's portfolio), Mario Gabelli (0.2% of GAMCO Investors's portfolio) and Ron Baron (0.1% of Baron Capital (BAMCO)'s portfolio).
- Company
- Waste Connections Inc.
- CUSIP
- 94106B101
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 81 | $360.4M |
| Exits | 53 | $72.2M |
All 13F filers, Q1 2025 → Q2 2025: 13,098,296 shares bought and 13,738,395 shares sold, net −640,099 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 766 holders
| Vanguard Group Inc. | 0.09% | Add +2.0% | 30,867,844 | $5.8B |
| Royal Bank of Canada | 0.41% | Add +5.4% | 11,193,256 | $2.1B |
| Bank of Montreal | 0.79% | Reduce -2.0% | 8,311,108 | $1.6B |
| BlackRock, Inc. | 0.03% | Add +22.9% | 7,455,224 | $1.4B |
| WCM Investment Management, LLC | 2.76% | Add +1.9% | 6,501,719 | $1.2B |
| FIL Ltd | 0.99% | Reduce -21.4% | 6,175,276 | $1.2B |
| Capital International Investors | 0.19% | Add +0.5% | 6,005,812 | $1.1B |
| FMR LLC | 0.06% | Add +12.0% | 5,507,980 | $1.0B |
| Mackenzie Financial Corp. | 1.26% | Add +14.0% | 5,217,973 | $975.2M |
| T. Rowe Price Associates Inc. | 0.09% | Reduce -16.3% | 4,364,099 | $814.9M |
| Pictet Asset Management Holding SA | 0.78% | Reduce -12.5% | 4,090,707 | $763.8M |
| Norges Bank | 0.09% | Add +0.1% | 4,047,250 | $755.9M |
| 1832 Asset Management L.P. | 1.30% | Add +3.4% | 3,995,575 | $746.1M |
| TD Asset Management Inc | 0.63% | Add +3.2% | 3,942,989 | $735.2M |
| JPMorgan Chase & Co. | 0.04% | Add +4.8% | 3,438,880 | $642.1M |
| Wellington Management Group LLP | 0.11% | Reduce -6.4% | 3,191,012 | $595.8M |
| Alphinity Investment Management Pty Ltd | 4.88% | Reduce -12.9% | 3,051,022 | $569.7M |
| Bank of America Corp. | 0.05% | Add +7.7% | 3,038,786 | $567.4M |
| National Bank of Canada | 0.54% | Reduce -4.2% | 2,685,322 | $500.6M |
| Morgan Stanley | 0.03% | Add +11.8% | 2,654,290 | $495.6M |
| Fiera Capital Corp | 1.56% | Add +0.9% | 2,461,080 | $459.5M |
| Manufacturers Life Insurance Company, The | 0.41% | Add +2.2% | 2,443,177 | $454.3M |
| Nuveen, LLC | 0.12% | Reduce -27.3% | 2,319,888 | $433.2M |
| Montrusco Bolton Investments Inc. | 4.65% | Add +46.5% | 2,306,702 | $419.5M |
| Gates Foundation Trust | 0.84% | No change | 2,149,175 | $401.3M |
| Stockbridge Partners LLC | 7.80% | Add +0.7% | 2,137,774 | $399.2M |
| Connor, Clark & Lunn Investment Management Ltd. | 1.34% | Reduce -15.9% | 2,029,689 | $379.4M |
| Principal Financial Group Inc. | 0.19% | Reduce -2.7% | 1,949,937 | $364.1M |
| Goldman Sachs Group Inc. | 0.06% | Add +20.0% | 1,945,452 | $363.3M |
| State Street Corp. | 0.01% | Add +1.0% | 1,808,631 | $337.7M |
| Cibc World Market Inc. | 0.72% | Reduce -1.9% | 1,728,894 | $323.2M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.06% | Add +15.8% | 1,522,944 | $284.4M |
| T. Rowe Price Investment Management, Inc. | 0.17% | Reduce -70.2% | 1,444,211 | $269.7M |
| Macquarie Group Ltd. | 0.33% | Reduce -2.3% | 1,421,023 | $265.3M |
| Neuberger Berman Group LLC | 0.20% | Reduce -0.3% | 1,361,334 | $254.2M |
| Franklin Resources Inc. | 0.07% | Add +16.4% | 1,340,020 | $250.2M |
| Public Employees Retirement Association of Colorado | 0.95% | Reduce -0.1% | 1,317,911 | $246.1M |
| Raymond James Financial Inc. | 0.08% | Reduce -1.8% | 1,289,591 | $240.8M |
| CIBC Asset Management Inc | 0.75% | Add +3.4% | 1,279,122 | $239.8M |
| Brown Advisory Inc. | 0.31% | Reduce -15.5% | 1,260,160 | $235.3M |
| Canada Pension Plan Investment Board | 0.20% | Add +7.4% | 1,233,204 | $230.5M |
| DF Dent & Co. Inc. | 2.89% | Reduce -1.5% | 1,221,315 | $228.0M |
| Arrowstreet Capital, Limited Partnership | 0.15% | Add +22.9% | 1,147,582 | $214.4M |
| King Luther Capital Management Corp. | 0.92% | Reduce -0.9% | 1,128,045 | $210.6M |
| OMERS ADMINISTRATION Corp | 1.64% | No change | 1,120,652 | $209.2M |
| Sands Capital Management, LLC | 0.60% | Add +1.1% | 1,120,082 | $209.1M |
| Legal & General Group Plc | 0.05% | Reduce -6.3% | 1,094,601 | $204.2M |
| Two Sigma Advisers, LP | 0.40% | Reduce -5.2% | 1,043,550 | $194.9M |
| Schroder Investment Management Group | 0.16% | Add +23.8% | 1,021,043 | $190.6M |
| Two Sigma Investments, LP | 0.34% | Reduce -4.1% | 962,529 | $179.7M |
| Deutsche Bank AG | 0.06% | Reduce -1.1% | 890,473 | $166.3M |
| Storebrand Asset Management As | 0.48% | Add +3.6% | 883,530 | $165.0M |
| Clearbridge Investments, LLC | 0.13% | Add +0.3% | 874,672 | $163.0M |
| Northern Trust Corp. | 0.02% | Reduce -4.3% | 857,614 | $160.1M |
| Geode Capital Management, LLC | 0.01% | Add +20.9% | 772,011 | $150.0M |
| Swiss National Bank | 0.09% | Add +7.5% | 782,145 | $146.0M |
| Ameriprise Financial Inc. | 0.04% | Reduce -3.9% | 721,296 | $142.2M |
| Picton Mahoney Asset Management | 1.99% | New | 757,500 | $140.9M |
| Findlay Park Partners LLP | 1.42% | Reduce -27.3% | 734,958 | $137.2M |
| Caisse de depot et placement du Quebec | 0.28% | Reduce -38.5% | 708,951 | $132.3M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.74% | Add +3.4% | 681,850 | $127.4M |
| TCW Group Inc. | 1.00% | Add +1.7% | 681,559 | $127.3M |
| Snyder Capital Management L P | 2.70% | Reduce -8.7% | 680,335 | $127.0M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.31% | Add +22.3% | 674,973 | $126.0M |
| Silvercrest Asset Management Group LLC | 0.84% | Reduce -2.7% | 672,612 | $125.6M |
| Agf Management Ltd. | 0.56% | Add +113.8% | 651,596 | $121.7M |
| Rathbones Group PLC | 0.52% | Reduce -1.1% | 645,827 | $120.6M |
| Impax Asset Management Group plc | 0.67% | Add +22.4% | 632,720 | $116.5M |
| EULAV Asset Management | 2.72% | Reduce 0.0% | 620,713 | $115.9M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +2.9% | 612,724 | $114.2M |
| Skye Global Management LP | 2.36% | No change | 592,000 | $110.5M |
| Baird Financial Group, Inc. | 0.19% | Add +24.0% | 575,522 | $107.5M |
| Toronto Dominion Bank | 0.22% | Reduce -7.9% | 552,904 | $103.3M |
| DekaBank Deutsche Girozentrale | 0.18% | Add +0.1% | 534,779 | $101.1M |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 0.11% | Reduce -5.5% | 538,543 | $100.6M |
| Dimensional Fund Advisors LP | 0.02% | Add +6.0% | 518,775 | $96.9M |
| UBS Group AG | 0.02% | Reduce -10.3% | 504,793 | $94.3M |
| Bank of Nova Scotia | 0.19% | Add +7.8% | 504,240 | $94.2M |
| Qube Research & Technologies Ltd | 0.13% | Add +84.3% | 502,151 | $93.8M |
| Allianz Asset Management GmbH | 0.13% | Add +674.6% | 502,675 | $93.7M |
| Teacher Retirement System of Texas | 0.39% | Add +17.2% | 496,110 | $92.6M |
| Allspring Global Investments Holdings, LLC | 0.15% | Reduce -5.6% | 471,494 | $87.6M |
| Envestnet Asset Management Inc. | 0.03% | Add +2.5% | 467,549 | $87.3M |
| Amundi | 0.03% | Add +58.2% | 481,601 | $86.4M |
| Mufg Securities (canada), LTD. | 2.49% | Add +11.2% | 437,998 | $81.7M |
| Massachusetts Financial Services Co. | 0.03% | Reduce -1.8% | 433,123 | $80.9M |
| Scotia Capital Inc. | 0.38% | Add +15.1% | 427,530 | $79.6M |
| Davis R M Inc. | 1.38% | Reduce -0.8% | 397,967 | $74.3M |
| Bank of New York Mellon Corp | 0.01% | Reduce -4.2% | 390,145 | $72.8M |
| TD Waterhouse Canada Inc. | 0.51% | Add +19.5% | 385,079 | $71.5M |
| National Pension Service | 0.06% | Reduce -41.2% | 376,721 | $70.3M |
| Tandem Investment Advisors, Inc. | 2.45% | Add +5.7% | 374,890 | $70.0M |
| Argent Capital Management LLC | 1.88% | Reduce -1.1% | 352,943 | $65.9M |
| Voloridge Investment Management, LLC | 0.24% | Reduce -32.1% | 350,996 | $65.5M |
| Nicholas Company, Inc. | 1.08% | Reduce -5.2% | 345,032 | $64.4M |
| William Blair Investment Management, LLC | 0.17% | New | 339,466 | $63.4M |
| HSBC Holdings PLC | 0.04% | Add +55.7% | 337,252 | $62.9M |
| Westfield Capital Management Co. LP | 0.26% | Reduce -2.0% | 335,019 | $62.6M |
| Premier Fund Managers Ltd | 2.25% | Add +0.4% | 332,418 | $61.8M |
| Russell Investments Group, Ltd. | 0.08% | Add +4.8% | 328,519 | $61.3M |
"% of holder's portfolio" is WCN's weight in each manager's 13F, not the share of Waste Connections Inc. the manager owns.