Security Snapshot

Waste Connections, Inc. - Common Stock (WCN) Institutional Ownership

CUSIP: 94106B101

13F Institutional Holders and Ownership History from Q4 2014 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

804

Shares (Excl. Options)

217,741,363

Price

$175.36

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Type / Class
Equity / Common Stock
Symbol
WCN on NYSE
Shares outstanding
255,892,468
Price per share
$161.71
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
217,741,363
Total reported value
$38,264,692,705
% of total 13F portfolios
0.02%
Share change
+5,995,829
Value change
+$1,044,739,019
Number of holders
804
Price from insider filings
$161.71
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Quick Takeaways

  • WCN - Waste Connections, Inc. - Common Stock is tracked under CUSIP 94106B101.
  • 804 institutions reported positions in Q4 2025.
  • 1 significant owner is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 804 to 342 between Q4 2025 and Q1 2026.
  • Reported value moved from $38,264,692,705 to $4,130,564,028.

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 804 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP 94106B101?
CUSIP 94106B101 identifies WCN - Waste Connections, Inc. - Common Stock 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 Waste Connections, Inc. - Common Stock (WCN) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
VANGUARD CAPITAL MANAGEMENT LLC 7.8% $3,233,926,019 19,908,434 Vanguard Capital Management 31 Mar 2026

As of 31 Dec 2025, 804 institutional investors reported holding 217,741,363 shares of Waste Connections, Inc. - Common Stock (WCN). This represents 85% of the company’s total 255,892,468 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Waste Connections, Inc. - Common Stock (WCN) together control 55% 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
VANGUARD GROUP INC 12% 31,162,831 -1.3% 0.08% $5,464,957,048
ROYAL BANK OF CANADA 4.7% 12,043,398 +12% 0.37% $2,111,931,000
FMR LLC 4% 10,264,482 -1.1% 0.09% $1,800,141,742
BANK OF MONTREAL /CAN/ 3.4% 8,607,580 -2.8% 0.62% $1,509,641,847
Capital International Investors 2.5% 6,468,259 +28% 0.18% $1,134,781,052
WCM INVESTMENT MANAGEMENT, LLC 2.5% 6,286,390 -2.7% 2.3% $1,119,920,334
BlackRock, Inc. 2.3% 5,930,912 -11% 0.02% $1,040,044,643
1832 Asset Management L.P. 2.2% 5,652,029 +31% 1.3% $991,139,805
MACKENZIE FINANCIAL CORP 2.2% 5,619,426 -8.4% 1.2% $999,624,032
JPMORGAN CHASE & CO 1.9% 4,763,742 +37% 0.06% $835,370,174
WELLINGTON MANAGEMENT GROUP LLP 1.8% 4,675,737 +5% 0.14% $819,939,338
NORGES BANK 1.6% 3,977,490 0.07% $697,519,001
TD Asset Management Inc 1.5% 3,845,277 +0.12% 0.54% $675,221,524
Pictet Asset Management Holding SA 1.4% 3,508,405 +5.7% 0.6% $615,278,291
BANK OF AMERICA CORP /DE/ 1.3% 3,368,882 +15% 0.04% $590,767,185
MORGAN STANLEY 1.2% 3,043,147 -0.77% 0.03% $533,646,683
GOLDMAN SACHS GROUP INC 1.1% 2,900,763 +58% 0.07% $508,677,858
Fiera Capital Corp 1.1% 2,764,876 +2.6% 1.5% $485,067,385
PRICE T ROWE ASSOCIATES INC /MD/ 1% 2,669,720 -21% 0.05% $468,163,000
MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.98% 2,505,148 -10% 0.36% $440,181,508
Stockbridge Partners LLC 0.93% 2,367,313 +5.9% 9.1% $415,132,008
MONTRUSCO BOLTON INVESTMENTS INC. 0.92% 2,345,566 +4.1% 5% $397,873,148
NATIONAL BANK OF CANADA /FI/ 0.81% 2,084,573 -6.3% 0.37% $363,832,355
CIBC WORLD MARKET INC. 0.8% 2,044,769 +14% 0.64% $358,652,424
GATES FOUNDATION TRUST 0.8% 2,039,175 0% 1% $357,589,728

Institutional Holders of Waste Connections, Inc. - Common Stock (WCN) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 25,398,903 $4,130,564,028 -$811,367,981 $162.44 342
2025 Q4 217,741,363 $38,264,692,705 +$1,044,739,019 $175.36 804
2025 Q3 210,538,558 $37,016,817,148 -$1,811,160,837 $175.80 743
2025 Q2 219,616,668 $41,014,979,663 +$628,725,791 $186.72 754
2025 Q1 216,383,042 $42,204,443,066 -$682,942,688 $195.19 727
2024 Q4 218,956,336 $37,566,710,924 -$310,817,951 $171.58 726
2024 Q3 220,092,785 $39,335,813,264 +$76,268,031 $178.82 719
2024 Q2 220,279,937 $38,635,980,831 +$161,693,320 $175.36 682
2024 Q1 219,677,412 $37,765,940,851 -$101,968,187 $172.01 671
2023 Q4 221,713,826 $33,095,885,847 -$483,937,970 $149.27 627
2023 Q3 224,813,205 $30,283,392,780 +$239,832,550 $134.30 596
2023 Q2 222,740,305 $31,826,476,367 -$8,267,601 $142.93 593
2023 Q1 222,973,824 $30,987,130,604 +$155,863,505 $139.07 587
2022 Q4 222,203,894 $29,457,406,357 -$628,731,094 $132.56 588
2022 Q3 226,583,526 $30,694,828,656 -$610,770,283 $135.13 551
2022 Q2 219,727,041 $27,229,567,881 +$471,663,447 $123.96 540
2022 Q1 215,784,359 $30,117,367,835 -$302,169,261 $139.70 518
2021 Q4 217,993,997 $29,683,113,838 +$270,465,569 $136.27 511
2021 Q3 210,045,106 $26,451,760,061 +$210,877,424 $125.93 454
2021 Q2 206,730,019 $24,716,560,064 -$81,550,166 $119.43 460
2021 Q1 207,095,471 $22,401,377,441 +$128,915,253 $107.98 445
2020 Q4 208,837,069 $21,399,770,967 -$175,630,351 $102.57 465
2020 Q3 208,941,157 $21,671,039,047 -$388,289,435 $103.80 435
2020 Q2 217,716,565 $20,421,963,302 +$155,525,266 $93.79 422
2020 Q1 216,814,136 $16,783,749,276 -$420,810,573 $77.50 413
2019 Q4 222,646,310 $20,217,906,685 +$10,997,185 $90.79 421
2019 Q3 222,723,829 $20,473,128,122 +$39,742,119 $92.00 396
2019 Q2 222,667,393 $21,277,210,382 +$177,230,037 $95.58 392
2019 Q1 224,103,133 $19,850,109,670 +$65,289,926 $88.59 410
2018 Q4 223,480,191 $16,589,027,287 +$326,797,271 $74.25 409
2018 Q3 220,300,579 $17,564,097,645 -$39,018,096 $79.77 401
2018 Q2 220,760,053 $16,615,938,578 -$153,489,426 $75.28 402
2018 Q1 222,598,565 $15,962,317,415 +$262,461,507 $71.74 372
2017 Q4 218,859,164 $15,523,169,512 -$244,771,926 $70.94 377
2017 Q3 220,483,396 $15,418,836,205 +$46,723,145 $69.96 342
2017 Q2 217,114,621 $13,980,341,371 +$4,686,480,533 $64.42 347
2017 Q1 146,333,185 $12,908,340,033 +$129,320,350 $88.22 327
2016 Q4 146,732,094 $11,524,479,516 +$23,384,537 $78.59 323
2016 Q3 146,157,543 $10,902,566,087 +$447,154,029 $74.70 316
2016 Q2 141,176,932 $10,170,302,197 +$10,134,714,261 $72.05 313
2016 Q1 1,744 $114,066 -$2,322 $64.59 5
2015 Q4 1,240 $70,000 $56.54 2
2015 Q3 585 $29,000 $49.57 1
2015 Q2 585 $28,000 $47.86 1
2015 Q1 585 $28,000 -$814 $47.86 1
2014 Q4 602 $27,000 $44.85 1
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