CASELLA WASTE SYS INC CWST
CL A · Common Stock · CUSIP 147448104 · ISIN US1474481041
American waste management company
- SectorUtilities
- IndustryRefuse Systems
- HeadquartersRutland, VT
- Founded1975
- Websitecasella.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $96.86. Options: 3 managers hold calls ($1.5m notional), 1 hold puts ($1.0m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 278 |
| Q4 2022 | 271 |
| Q1 2023 | 267 |
| Q2 2023 | 320 |
| Q3 2023 | 300 |
| Q4 2023 | 309 |
| Q1 2024 | 311 |
| Q2 2024 | 314 |
| Q3 2024 | 345 |
| Q4 2024 | 347 |
| Q1 2025 | 374 |
| Q2 2025 | 394 |
| Q3 2025 | 391 |
| Q4 2025 | 394 |
| Q1 2026 | 407 |
| Q2 2026 | 418 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 175 | 126 |
| Q4 2024 | 157 | 149 |
| Q1 2025 | 175 | 147 |
| Q2 2025 | 174 | 171 |
| Q3 2025 | 206 | 178 |
| Q4 2025 | 226 | 170 |
| Q1 2026 | 187 | 203 |
| Q2 2026 | 228 | 178 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.9m | $454.4k | 0.24 |
| Q4 2025 | $3.0m | $382.0k | 0.13 |
| Q1 2026 | $4.5m | $333.2k | 0.07 |
| Q2 2026 | $1.5m | $1.0m | 0.66 |
Biggest buyers
| WASATCH ADVISORS LP | Added | +949.4k |
| AMERICAN CENTURY COMPANIES INC | Added | +805.9k |
| NEUBERGER BERMAN GROUP LLC | Added | +480.7k |
| CITADEL ADVISORS LLC | Added | +420.8k |
| T. Rowe Price Investment Management, Inc. | Added | +378.5k |
| BANK OF AMERICA CORP /DE/ | Added | +369.4k |
| BlackRock, Inc. | Added | +342.8k |
| EARNEST PARTNERS LLC | Added | +266.6k |
| AustralianSuper Pty Ltd | New | +263.8k |
| BAMCO INC /NY/ | Added | +246.8k |
Biggest sellers
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Reduced | -988.8k |
| Conestoga Capital Advisors, LLC | Reduced | -468.3k |
| Woodline Partners LP | Sold out | -415.4k |
| Capital World Investors | Sold out | -392.1k |
| Global Alpha Capital Management Ltd. | Sold out | -325.8k |
| Capital Research Global Investors | Reduced | -301.5k |
| Zimmer Partners, LP | Sold out | -257.7k |
| GENEVA CAPITAL MANAGEMENT LLC | Reduced | -251.9k |
| GOLDMAN SACHS GROUP INC | Reduced | -223.8k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -210.9k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $649.7k6.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $562.4k5.8k shares |
| JANE STREET GROUP, LLC | New | $320.0k3.3k shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $1.0m10.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-01-08 | 14.3% |
| Conestoga Capital Advisors, LLC 13G · institution filed 2025-01-10 | 5.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: WASATCH ADVISORS LP (4.9%, 2026-10-09), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 9 | $11.4m | $21.0k |
| Q1 2025 | 0 | — | 8 | $4.4m | $1.2m |
| Q2 2025 | 0 | — | 3 | $3.2m | $354.3k |
| Q3 2025 | 0 | — | 1 | $102.8k | $102.8k |
| Q4 2025 | 0 | — | 3 | $823.2k | $23.0k |
| Q1 2026 | 0 | — | 6 | $1.8m | $477.7k |
| Q2 2026 | 0 | — | 2 | $1.3m | — |
| Q3 2026 | 0 | — | 2 | $1.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-03 | BURKE MICHAEL K Director | Sold | $104.8k1.1k shares |
| 2026-08-26 | BURKE MICHAEL K Director | Sold | $102.3k1.1k shares |
| 2026-08-14 | CASELLA DOUGLAS R VICE CHAIRMAN, BD OF DIRECTORS, director | Sold | $122.4k1.3k shares |
| 2026-08-13 | CASELLA DOUGLAS R VICE CHAIRMAN, BD OF DIRECTORS, director | Sold | $1.4m15.2k shares |
| 2026-05-26 | BURKE MICHAEL K Director | Sold | $201.8k2.3k shares |
| 2026-05-19 | Coletta Edmond PRESIDENT & CEO | Sold | $1.1m12.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 9.4m $910.6m | Added +342.8k |
| WASATCH ADVISORS LP 2.24% of their portfolio | 3.5m $342.5m | Added +949.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 3.4m $334.4m | Added +95.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 2.8m $273.7m | Added +24.1k |
| STATE STREET CORP 0.01% of their portfolio | 2.5m $244.4m | Added +131.0k |
| Conestoga Capital Advisors, LLC 4.93% of their portfolio | 2.3m $226.5m | Reduced -468.3k |
| T. Rowe Price Investment Management, Inc. 0.13% of their portfolio | 2.1m $201.5m | Added +378.5k |
| Capital International Investors 0.04% of their portfolio | 2.1m $199.2m | Added +101.6k |
| Capital Research Global Investors 0.03% of their portfolio | 2.0m $196.7m | Reduced -301.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.6m $159.8m | Added +94.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.5m $145.9m | Added +185.2k |
| Invesco Ltd. 0.01% of their portfolio | 1.5m $141.5m | Reduced -194.4k |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 1.4m $139.1m | Added +480.7k |
| EARNEST PARTNERS LLC 0.49% of their portfolio | 1.4m $135.7m | Added +266.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 1.3m $125.3m | Added +80.3k |
| Clearbridge Investments, LLC 0.10% of their portfolio | 1.2m $118.3m | Added +78.1k |
| MORGAN STANLEY 0.01% of their portfolio | 1.2m $117.7m | Added +18.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.2m $114.8m | Added +117.1k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.75% of their portfolio | 1.2m $114.6m | Reduced -70.1k |
| Pictet Asset Management Holding SA 0.10% of their portfolio | 1.1m $102.0m | Added +128.0k |
| BAMCO INC /NY/ 0.14% of their portfolio | 965.2k $93.6m | Added +246.8k |
| GENEVA CAPITAL MANAGEMENT LLC 2.03% of their portfolio | 911.2k $88.4m | Reduced -251.9k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 862.5k $83.6m | Added +805.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 827.0k $80.2m | Reduced -223.8k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.26% of their portfolio | 812.5k $78.8m | Reduced -10.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 808.3k $78.4m | Added +369.4k |
| UBS Group AG 0.01% of their portfolio | 803.5k $77.9m | Reduced -129.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 771.2k $74.8m | Added +59.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 739.7k $71.7m | Added +15.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 719.5k $69.8m | Added +66.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 677.5k $63.9m | Added +229.4k |
| BROWN ADVISORY INC 0.10% of their portfolio | 670.2k $65.0m | Added +20.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 634.6k $61.5m | Reduced -145.7k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.09% of their portfolio | 624.5k $60.6m | Reduced -210.9k |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 622.1k $59.3m | Reduced -99.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 605.2k $58.7m | Added +12.2k |
| LOOMIS SAYLES & CO L P 0.07% of their portfolio | 573.9k $55.6m | Reduced -34.8k |
| Select Equity Group, L.P. 0.29% of their portfolio | 563.0k $54.6m | Added +171.1k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 557.1k $54.0m | Added +32.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 518.5k $50.3m | Added +172.7k |
| TimesSquare Capital Management, LLC 0.72% of their portfolio | 503.7k $48.8m | Reduced -70.5k |
| LONDON CO OF VIRGINIA 0.28% of their portfolio | 503.1k $48.8m | Reduced -29.6k |
| NORGES BANK 0.00% of their portfolio | 476.3k $46.2m | Not comparable |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 455.6k $44.2m | Added +420.8k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 450.0k $43.6m | Added +13.8k |
| DF DENT & CO INC 0.82% of their portfolio | 446.3k $43.3m | Added +118.7k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 445.5k $43.2m | Reduced -18.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 436.5k $42.3m | Added +40.3k |
| Granahan Investment Management, LLC 1.51% of their portfolio | 436.3k $42.3m | Added +186.0k |
| SEGALL BRYANT & HAMILL, LLC 0.50% of their portfolio | 432.8k $42.0m | Added +6.1k |
| FRED ALGER MANAGEMENT, LLC 0.13% of their portfolio | 394.6k $38.3m | Reduced -132.1k |
| Boston Trust Walden Corp 0.28% of their portfolio | 372.6k $36.1m | Reduced -12.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 367.4k $35.6m | Added +75.3k |
| FIFTH THIRD BANCORP 0.06% of their portfolio | 364.4k $35.3m | Reduced -23.1k |
| CREDIT AGRICOLE S A 0.09% of their portfolio | 346.6k $33.6m | Added +160.2k |
| Ranger Investment Management, L.P. 2.03% of their portfolio | 330.5k $32.0m | Reduced -11.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 328.4k $31.8m | Added +35.8k |
| Harvey Partners, LLC 2.09% of their portfolio | 310.1k $30.1m | Added +28.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 306.2k $29.7m | Added +553 |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 304.0k $29.5m | Added +19.7k |
| Aberdeen Group plc 0.04% of their portfolio | 275.9k $26.8m | Added +26.3k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.47% of their portfolio | 272.9k $26.5m | Added +61.9k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 268.3k $26.0m | Reduced -988.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 267.5k $25.9m | Reduced -9.1k |
| Rockefeller Capital Management L.P. 0.04% of their portfolio | 266.8k $25.9m | Added +11.1k |
| AustralianSuper Pty Ltd 0.11% of their portfolio | 263.8k $25.6m | New |
| PICTON MAHONEY ASSET MANAGEMENT 0.23% of their portfolio | 253.5k $24.6m | Added +151.4k |
| Tidal Investments LLC 0.05% of their portfolio | 232.7k $22.6m | Added +10.8k |
| GW&K Investment Management, LLC 0.17% of their portfolio | 227.8k $22.1m | Reduced -4.4k |
| Public Sector Pension Investment Board 0.05% of their portfolio | 215.1k $20.9m | Reduced -8.4k |
| Fenimore Asset Management Inc 0.39% of their portfolio | 191.9k $18.6m | Added +45.3k |
| HALLSTATT ADVISORS L.P. 12.95% of their portfolio | 189.5k $18.4m | Added +24.1k |
| Aristotle Capital Boston, LLC 1.19% of their portfolio | 183.1k $17.8m | Reduced -12.8k |
| SG Capital Management LLC 1.54% of their portfolio | 175.5k $17.0m | Added +147.1k |
| BLAIR WILLIAM & CO/IL 0.04% of their portfolio | 172.0k $16.7m | Reduced -118.5k |
| Granite Investment Partners, LLC 0.81% of their portfolio | 163.2k $15.8m | Reduced -338 |
| AXIOM INVESTORS LLC /DE 0.13% of their portfolio | 156.2k $15.1m | Added +64.2k |
| Nuveen, LLC 0.00% of their portfolio | 153.2k $14.9m | Reduced -21.8k |
| P2 Capital Partners, LLC 5.81% of their portfolio | 147.2k $14.3m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 146.1k $14.2m | Reduced -21.8k |
| Legal & General Group Plc 0.00% of their portfolio | 144.6k $14.0m | Added +476 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 138.5k $13.4m | Added +55.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 134.5k $13.0m | Added +15.0k |
| Swiss National Bank 0.01% of their portfolio | 125.5k $12.2m | Added +1.9k |
| OSTERWEIS CAPITAL MANAGEMENT INC 0.56% of their portfolio | 123.1k $11.9m | Reduced -25.2k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.21% of their portfolio | 116.4k $11.3m | Added +5.3k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 116.2k $11.3m | Added +48.9k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.11% of their portfolio | 105.5k $10.2m | Added +33.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 104.7k $10.2m | Reduced -8.3k |
| RIVERBRIDGE PARTNERS LLC 0.28% of their portfolio | 103.0k $10.0m | Reduced -70.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 102.9k $10.0m | Added +44.8k |
| CASTLEARK MANAGEMENT LLC 0.26% of their portfolio | 100.5k $9.7m | New |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.04% of their portfolio | 99.3k $9.6m | Added +27.7k |
| GAMCO INVESTORS, INC. ET AL 0.09% of their portfolio | 99.2k $9.6m | Unchanged |
| Summit Creek Advisors LLC 3.26% of their portfolio | 98.6k $9.6m | Reduced -88.1k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 96.6k $9.4m | Reduced -57.5k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 94.3k $9.1m | Added +13.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 94.1k $9.1m | Reduced -2.8k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 89.0k $8.4m | Added +6.7k |
| Catawba River Capital 3.80% of their portfolio | 87.7k $8.5m | Added +553 |