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 ($9.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $79.36. Options: 3 managers hold calls ($4.5m notional), 1 hold puts ($333.2k).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 153 | 125 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $10.3m | $634.6k | 0.06 |
| Q3 2025 | $1.9m | $454.4k | 0.24 |
| Q4 2025 | $3.0m | $382.0k | 0.13 |
| Q1 2026 | $4.5m | $333.2k | 0.07 |
Biggest buyers
| Point72 Asset Management, L.P. | New | +463.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | New | +448.0k |
| Capital World Investors | New | +392.1k |
| Clearbridge Investments, LLC | Added | +390.9k |
| FIFTH THIRD BANCORP | Added | +380.9k |
| Woodline Partners LP | Added | +368.3k |
| BAMCO INC /NY/ | Added | +272.2k |
| Zimmer Partners, LP | Added | +242.5k |
| RIVERBRIDGE PARTNERS LLC | New | +173.2k |
| GOLDMAN SACHS GROUP INC | Added | +151.4k |
Biggest sellers
| WASATCH ADVISORS LP | Reduced | -1.2m |
| Invesco Ltd. | Reduced | -1.1m |
| WESTFIELD CAPITAL MANAGEMENT CO LP | Reduced | -842.7k |
| CITADEL ADVISORS LLC | Reduced | -430.0k |
| Nuveen, LLC | Reduced | -357.2k |
| T. Rowe Price Investment Management, Inc. | Reduced | -271.6k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Reduced | -211.1k |
| Yaupon Capital Management LP | Sold out | -192.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -176.2k |
| CONGRUENCE CAPITAL, LLC | Sold out | -171.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.8m48.0k shares |
| Twin Tree Management, LP | New | $396.7k5.0k shares |
| CITADEL ADVISORS LLC | Reduced | $309.4k3.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $333.2k4.2k 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 in Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $22.6k | — |
| 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 |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-16 | CASELLA JOHN W Director | Sold plan | $153.1k1.7k shares |
| 2026-03-16 | Coletta Edmond PRESIDENT & CEO | Sold plan | $86.8k988 shares |
| 2026-03-16 | Helgeson Bradford John Executive VP and CFO | Sold plan | $35.5k405 shares |
| 2026-03-16 | Sayward Shelley E. SENIOR VP & GENERAL COUNSEL | Sold plan | $31.8k362 shares |
| 2026-03-16 | Steves Sean Sr VP & COO of SW Ops | Sold plan | $17.3k197 shares |
| 2026-03-16 | Drohan Kevin VP & CHIEF ACCOUNTING OFFICER | Sold plan | $7.5k85 shares |
| 2026-03-12 | CASELLA JOHN W Director | Sold plan | $86.7k963 shares |
| 2026-03-12 | Coletta Edmond PRESIDENT & CEO | Sold plan | $33.9k377 shares |
| 2026-03-12 | Sayward Shelley E. SENIOR VP & GENERAL COUNSEL | Sold plan | $11.6k129 shares |
| 2026-03-12 | Steves Sean Sr VP & COO of SW Ops | Sold plan | $8.7k97 shares |
| 2026-03-12 | Drohan Kevin VP & CHIEF ACCOUNTING OFFICER | Sold plan | $4.9k55 shares |
| 2026-02-27 | CASELLA JOHN W CHIEF EXECUTIVE OFFICER, director | Sold | $626.2k6.7k shares |
| 2026-02-27 | Coletta Edmond PRESIDENT | Sold | $357.2k3.8k shares |
| 2026-02-27 | Sayward Shelley E. SENIOR VP & GENERAL COUNSEL | Sold | $147.8k1.6k shares |
| 2026-02-27 | Steves Sean Sr VP & COO of SW Ops | Sold | $111.4k1.2k shares |
| 2026-02-27 | Drohan Kevin VP & CHIEF ACCOUNTING OFFICER | Sold | $62.5k675 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 9.0m $717.8m | Reduced -10.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 3.4m $266.0m | First filing |
| Conestoga Capital Advisors, LLC 4.44% of their portfolio | 2.8m $222.5m | Added +27.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 2.8m $222.1m | First filing |
| WASATCH ADVISORS LP 1.36% of their portfolio | 2.6m $204.9m | Reduced -1.2m |
| STATE STREET CORP 0.01% of their portfolio | 2.4m $189.6m | Added +82.4k |
| Capital Research Global Investors 0.03% of their portfolio | 2.3m $184.9m | Reduced -157.9k |
| Capital International Investors 0.04% of their portfolio | 2.0m $154.9m | Reduced -45.6k |
| T. Rowe Price Investment Management, Inc. 0.09% of their portfolio | 1.7m $134.8m | Reduced -271.6k |
| Invesco Ltd. 0.01% of their portfolio | 1.7m $131.2m | Reduced -1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.6m $123.3m | Added +14.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.4m $106.5m | Reduced -103.9k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.33% of their portfolio | 1.3m $99.7m | Reduced -211.1k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.72% of their portfolio | 1.3m $99.3m | Reduced -96.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 1.2m $96.1m | Reduced -95.4k |
| MORGAN STANLEY 0.01% of their portfolio | 1.2m $94.8m | Reduced -167.6k |
| GENEVA CAPITAL MANAGEMENT LLC 1.96% of their portfolio | 1.2m $92.3m | Reduced -102.2k |
| Clearbridge Investments, LLC 0.08% of their portfolio | 1.1m $90.6m | Added +390.9k |
| EARNEST PARTNERS LLC 0.37% of their portfolio | 1.1m $89.9m | Reduced -29.5k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.1m $84.7m | Added +31.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $83.4m | Added +151.4k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 953.8k $75.7m | Reduced -91.6k |
| UBS Group AG 0.01% of their portfolio | 932.8k $74.0m | Added +90.9k |
| Pictet Asset Management Holding SA 0.08% of their portfolio | 924.4k $73.3m | Reduced -66.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.11% of their portfolio | 835.4k $66.3m | Reduced -107.7k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.27% of their portfolio | 822.5k $65.3m | Reduced -842.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 780.3k $61.9m | Added +16.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 724.4k $57.5m | Added +37.8k |
| Allspring Global Investments Holdings, LLC 0.10% of their portfolio | 721.9k $58.9m | Added +22.3k |
| BAMCO INC /NY/ 0.17% of their portfolio | 718.5k $57.0m | Added +272.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 711.8k $56.5m | Added +1.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 652.7k $51.8m | Reduced -20.1k |
| BROWN ADVISORY INC 0.08% of their portfolio | 649.5k $51.5m | Reduced -13.1k |
| LOOMIS SAYLES & CO L P 0.06% of their portfolio | 608.7k $48.3m | Reduced -42.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 593.0k $47.0m | Added +91.9k |
| TimesSquare Capital Management, LLC 0.77% of their portfolio | 574.2k $45.6m | Reduced -23.6k |
| LONDON CO OF VIRGINIA 0.26% of their portfolio | 532.7k $42.3m | Reduced -14.3k |
| FRED ALGER MANAGEMENT, LLC 0.18% of their portfolio | 526.7k $41.8m | Added +78.2k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 525.1k $41.7m | Reduced -33.1k |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 463.9k $36.8m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 448.0k $35.1m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 438.9k $34.8m | Reduced -176.2k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 436.1k $34.6m | First filing |
| SEGALL BRYANT & HAMILL, LLC 0.48% of their portfolio | 426.7k $33.9m | Reduced -9.7k |
| Woodline Partners LP 0.12% of their portfolio | 415.4k $33.0m | Added +368.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 396.2k $31.4m | Reduced -12.0k |
| Capital World Investors 0.00% of their portfolio | 392.1k $31.1m | New |
| Select Equity Group, L.P. 0.17% of their portfolio | 392.0k $31.1m | Added +17.7k |
| FIFTH THIRD BANCORP 0.06% of their portfolio | 387.5k $30.7m | Added +380.9k |
| Boston Trust Walden Corp 0.25% of their portfolio | 384.8k $30.5m | Added +73.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 345.8k $27.4m | Reduced -42.5k |
| Ranger Investment Management, L.P. 1.96% of their portfolio | 341.7k $27.1m | Reduced -2.5k |
| DF DENT & CO INC 0.50% of their portfolio | 327.6k $26.0m | Reduced -15.9k |
| Global Alpha Capital Management Ltd. 1.56% of their portfolio | 325.8k $25.9m | Reduced -2.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 305.7k $24.3m | Added +6.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 292.6k $23.2m | Reduced -18.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 292.2k $23.2m | Reduced -63.5k |
| BLAIR WILLIAM & CO/IL 0.07% of their portfolio | 290.5k $23.0m | Added +11.3k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 284.3k $22.6m | Reduced -20.2k |
| Harvey Partners, LLC 1.81% of their portfolio | 281.5k $22.3m | Added +85.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 276.6k $21.9m | Added +19.1k |
| Zimmer Partners, LP 0.50% of their portfolio | 257.7k $20.4m | Added +242.5k |
| Rockefeller Capital Management L.P. 0.04% of their portfolio | 255.7k $20.3m | Added +67.3k |
| Granahan Investment Management, LLC 0.96% of their portfolio | 250.3k $19.9m | Reduced -7.5k |
| Aberdeen Group plc 0.03% of their portfolio | 249.6k $19.8m | Added +62.6k |
| GW&K Investment Management, LLC 0.16% of their portfolio | 232.3k $18.4m | Added +4.8k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 223.6k $17.7m | Added +7.3k |
| Tidal Investments LLC 0.05% of their portfolio | 221.9k $17.6m | Added +54.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.35% of their portfolio | 211.0k $16.7m | Added +13.1k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.17% of their portfolio | 203.2k $16.1m | Reduced -40.9k |
| Aristotle Capital Boston, LLC 0.97% of their portfolio | 196.0k $15.5m | Added +23.9k |
| Summit Creek Advisors LLC 3.04% of their portfolio | 186.8k $14.8m | Reduced -23.5k |
| CREDIT AGRICOLE S A 0.05% of their portfolio | 186.3k $14.8m | Reduced -23.1k |
| Nuveen, LLC 0.00% of their portfolio | 174.9k $13.9m | Reduced -357.2k |
| RIVERBRIDGE PARTNERS LLC 0.34% of their portfolio | 173.2k $13.7m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 167.8k $13.3m | Added +6.5k |
| HALLSTATT ADVISORS L.P. 10.38% of their portfolio | 165.4k $13.1m | Added +20.2k |
| Granite Investment Partners, LLC 0.80% of their portfolio | 163.6k $13.0m | Reduced -9.0k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 154.1k $12.2m | Reduced -46.4k |
| OSTERWEIS CAPITAL MANAGEMENT INC 0.61% of their portfolio | 148.3k $11.8m | Reduced -12.5k |
| Fenimore Asset Management Inc 0.26% of their portfolio | 146.5k $11.6m | Added +29.0k |
| Legal & General Group Plc 0.00% of their portfolio | 144.1k $11.4m | Reduced -13.5k |
| Swiss National Bank 0.01% of their portfolio | 123.6k $9.8m | Added +400 |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 120.4k $9.6m | Reduced -4.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 120.2k $9.5m | Reduced -37.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 119.6k $9.5m | Reduced -49.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 113.0k $9.0m | Reduced -4.7k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.20% of their portfolio | 111.1k $8.8m | Added +22.1k |
| PICTON MAHONEY ASSET MANAGEMENT 0.08% of their portfolio | 102.1k $8.1m | New |
| GAMCO INVESTORS, INC. ET AL 0.08% of their portfolio | 99.2k $7.9m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 96.9k $7.7m | Reduced -3.6k |
| AXIOM INVESTORS LLC /DE 0.08% of their portfolio | 92.0k $7.3m | Reduced -109.4k |
| Catawba River Capital 3.41% of their portfolio | 87.1k $7.1m | Added +1.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 83.3k $6.6m | Reduced -45.1k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 83.1k $6.6m | Added +6.1k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 82.3k $6.2m | Added +79.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 80.9k $6.4m | Reduced -2.6k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 80.7k $6.4m | Added +29.3k |
| Impax Asset Management Group plc 0.04% of their portfolio | 80.0k $6.3m | Unchanged |
| NICHOLAS COMPANY, INC. 0.12% of their portfolio | 79.0k $6.3m | Reduced -393 |