Security Snapshot

GFL Environmental Inc. - Subordinate Voting Shares, no par value (GFL) Institutional Ownership

CUSIP: 36168Q104

13F Institutional Holders and Ownership History from Q1 2020 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

322

Shares (Excl. Options)

251,736,739

Price

$42.95

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Type / Class
Equity / Subordinate Voting Shares, no par value
Symbol
GFL on NYSE
Shares outstanding
345,396,677
Price per share
$41.72
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
251,736,739
Total reported value
$10,688,481,639
% of total 13F portfolios
0.01%
Share change
+11,326,786
Value change
+$499,710,030
Number of holders
322
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Quick Takeaways

  • GFL - GFL Environmental Inc. - Subordinate Voting Shares, no par value is tracked under CUSIP 36168Q104.
  • 322 institutions reported positions in Q4 2025.
  • 6 significant owners is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 322 to 28 between Q4 2025 and Q1 2026.
  • Reported value moved from $10,688,481,639 to $295,589,999.

Why This Matters

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Source Evidence

Source: SEC Form 13F

Latest holder context comes from 322 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP 36168Q104?
CUSIP 36168Q104 identifies GFL - GFL Environmental Inc. - Subordinate Voting Shares, no par value in SEC 13F datasets.

Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.

Significant Owners of GFL Environmental Inc. - Subordinate Voting Shares, no par value (GFL) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BCEC-GFL Borrower GP (Cayman), Ltd 22% -11% $3,291,966,187 -$539,106,424 76,646,477 -14% GFL Borrower Luxembourg S.a r.l. 31 Dec 2025
FMR LLC 7.8% -18% $1,284,551,576 -$329,641,565 27,111,684 -20% FMR LLC 30 Sep 2025
Dovigi Patrick 6.8% $1,217,108,243 25,688,228 Patrick Dovigi 30 Sep 2025
ONTARIO TEACHERS PENSION PLAN BOARD 6.5% -12% $964,261,173 -$171,401,811 22,450,784 -15% ONTARIO TEACHERS PENSION PLAN BOARD 31 Dec 2025
Capital Research Global Investors 5.4% +10% $904,326,460 +$26,641,089 19,094,731 +3% Capital Research Global Investors 30 Jun 2025
GIC Private Ltd 4.6% -18% $808,025,780 -$257,576,618 16,554,513 -24% GIC Private Limited 31 Mar 2025

As of 31 Dec 2025, 322 institutional investors reported holding 251,736,739 shares of GFL Environmental Inc. - Subordinate Voting Shares, no par value (GFL). This represents 73% of the company’s total 345,396,677 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of GFL Environmental Inc. - Subordinate Voting Shares, no par value (GFL) together control 58% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BC Partners PE LP 8.7% 29,912,724 -15% 17% $1,153,590,556
FMR LLC 7.7% 26,532,066 -2.1% 0.06% $1,139,708,217
ONTARIO TEACHERS PENSION PLAN BOARD 6.5% 22,450,784 -7.6% 21% $964,427,692
Capital Research Global Investors 6.3% 21,863,632 +18% 0.17% $939,043,172
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 3.2% 11,201,976 +9.6% 0.16% $481,124,868
VANGUARD GROUP INC 3.2% 11,156,675 +0.88% 0.01% $479,255,420
ROYAL BANK OF CANADA 2.7% 9,314,727 +19% 0.07% $400,067,000
Pictet Asset Management Holding SA 2.5% 8,511,198 +2.2% 0.36% $365,595,386
Beutel, Goodman & Co Ltd. 2.1% 7,172,103 +31% 1.9% $308,493,000
NORDEA INVESTMENT MANAGEMENT AB 1.9% 6,673,954 +41% 0.25% $290,083,410
CIBC Asset Management Inc 1.5% 5,101,264 +26% 0.53% $219,359,840
MAVERICK CAPITAL LTD 1.5% 5,023,417 +217% 2.3% $215,761,342
FRED ALGER MANAGEMENT, LLC 1.5% 5,023,016 -11% 0.85% $215,738,537
DEUTSCHE BANK AG\ 1.1% 3,873,804 -4.1% 0.05% $166,379,882
NORGES BANK 1% 3,479,778 0.02% $149,465,853
JANE STREET GROUP, LLC 0.99% 3,407,588 +1050% 0.17% $146,355,905
Clarkston Capital Partners, LLC 0.81% 2,805,035 -1.9% 2.8% $120,476,253
MORGAN STANLEY 0.79% 2,731,960 -31% 0.01% $117,337,722
WELLINGTON MANAGEMENT GROUP LLP 0.77% 2,668,607 +33% 0.02% $114,618,921
MILLENNIUM MANAGEMENT LLC 0.74% 2,539,067 +5.2% 0.08% $109,053,138
BlackRock, Inc. 0.65% 2,238,728 +4.2% 0% $96,153,364
GEODE CAPITAL MANAGEMENT, LLC 0.64% 2,224,997 +6.6% 0.01% $95,177,782
Progeny 3, Inc. 0.59% 2,042,010 +4.5% 4.7% $87,704,330
BANK OF MONTREAL /CAN/ 0.53% 1,833,982 +19% 0.03% $78,783,130
BROWN BROTHERS HARRIMAN & CO 0.52% 1,804,927 -3.5% 0.42% $77,521,615

Institutional Holders of GFL Environmental Inc. - Subordinate Voting Shares, no par value (GFL) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 7,077,005 $295,589,999 -$98,708,822 $41.72 28
2025 Q4 251,736,739 $10,688,481,639 +$499,710,030 $42.95 322
2025 Q3 240,221,979 $11,134,318,185 -$731,156,830 $47.38 296
2025 Q2 254,048,152 $12,560,930,096 -$272,948,096 $50.46 305
2025 Q1 258,827,688 $12,259,939,580 -$303,246,193 $48.31 312
2024 Q4 273,710,540 $11,823,947,673 +$72,252,144 $44.54 278
2024 Q3 272,277,397 $10,494,608,881 +$473,078,569 $39.88 260
2024 Q2 216,742,423 $8,439,213,708 +$85,778,713 $38.93 244
2024 Q1 214,892,139 $7,416,760,981 +$535,853,628 $34.50 229
2023 Q4 199,435,681 $6,885,101,926 +$208,360,516 $34.51 204
2023 Q3 193,335,856 $6,145,474,456 +$60,326,129 $31.76 198
2023 Q2 190,028,322 $7,372,892,691 +$345,305,078 $38.80 212
2023 Q1 181,559,455 $6,260,179,962 +$326,542,495 $34.44 181
2022 Q4 173,398,833 $5,064,338,097 +$215,103,981 $29.23 174
2022 Q3 165,666,170 $4,196,227,474 +$72,136,884 $25.29 162
2022 Q2 216,459,536 $5,508,043,039 +$69,480,099 $25.80 167
2022 Q1 213,458,705 $6,871,010,863 +$110,077,161 $32.54 167
2021 Q4 209,553,200 $7,839,367,992 +$318,701,437 $37.85 164
2021 Q3 195,184,583 $7,097,419,027 +$87,353,207 $37.15 131
2021 Q2 192,864,636 $6,014,485,540 +$159,361,163 $31.92 138
2021 Q1 188,275,217 $6,335,813,846 -$72,216,099 $34.95 123
2020 Q4 192,011,554 $5,371,365,182 -$11,182,964 $29.18 110
2020 Q3 192,519,846 $3,882,503,112 +$149,821,236 $21.26 86
2020 Q2 186,168,355 $3,270,079,557 +$32,439,289 $18.77 64
2020 Q1 120,356,797 $1,834,038,051 +$1,830,169,823 $15.05 55