GFL ENVIRONMENTAL INC GFL
SUB VTG SHS · Common Stock · CUSIP 36168Q104 · ISIN CA36168Q1046
- SectorUtilities
- IndustryRefuse Systems
- HeadquartersMiami, FL
- 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 ($9.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.31. Options: 8 managers hold calls ($5.9m notional), 2 hold puts ($182.4k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 170 |
| Q4 2022 | 180 |
| Q1 2023 | 190 |
| Q2 2023 | 222 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 97 | 71 |
| Q1 2023 | 120 | 78 |
| Q2 2023 | 130 | 86 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $8.7m | $28.1m | 3.22 |
| Q4 2022 | $15.7m | $39.5m | 2.52 |
| Q1 2023 | $13.7m | $7.3m | 0.53 |
| Q2 2023 | $5.9m | $182.4k | 0.03 |
Biggest buyers
| Capital Research Global Investors | Added | +5.7m |
| CITADEL ADVISORS LLC | Added | +3.3m |
| FRED ALGER MANAGEMENT, LLC | Added | +2.1m |
| VANGUARD GROUP INC | Added | +1.7m |
| Gladstone Capital Management LLP | Added | +1.6m |
| Point72 Asset Management, L.P. | New | +1.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.3m |
| Man Group plc | New | +537.7k |
| AMERICAN CENTURY COMPANIES INC | Added | +516.0k |
| MARSHALL WACE, LLP | Added | +381.1k |
Biggest sellers
| FMR LLC | Reduced | -22.1m |
| ONTARIO TEACHERS PENSION PLAN BOARD | Reduced | -4.3m |
| MORGAN STANLEY | Reduced | -2.6m |
| MACKENZIE FINANCIAL CORP | Reduced | -2.0m |
| ROYAL BANK OF CANADA | Reduced | -1.4m |
| SAMLYN CAPITAL, LLC | Reduced | -1.0m |
| Man Group plc | Sold out | -856.8k |
| NORGES BANK | Reduced | -714.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -654.2k |
| HRT FINANCIAL LP | Sold out | -575.8k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $2.5m64.7k shares |
| SIG North Trading, ULC | Reduced | $900.2k23.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $787.6k20.3k shares |
| Walleye Trading LLC | New | $779.9k20.1k shares |
| CITADEL ADVISORS LLC | Reduced | $620.8k16.0k shares |
| HAP Trading, LLC | New | $276.6k70.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.0k500 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $170.7k4.4k shares |
| Walleye Trading LLC | New | $11.6k300 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 |
|---|---|
| BCEC-GFL Borrower GP (Cayman), Ltd 13G · exempt (held before listing) -2.8 pts · filed 2026-02-13 | 22.1% |
| Dovigi Patrick 13G · exempt (held before listing) filed 2025-11-07 | 6.8% |
| Capital Research Global Investors 13G · institution +1.3 pts · filed 2026-05-14 | 6.7% |
| FMR LLC 13G · institution -1.3 pts · filed 2026-08-06 | 6.5% |
| ONTARIO TEACHERS PENSION PLAN BOARD 13G · exempt (held before listing) -1.0 pts · filed 2026-02-13 | 6.5% |
Insider purchases and sales in Q2 2023
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.
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BC Partners Advisors L.P. 10.80% of their portfolio | 53.8m $1.5m | Unchanged |
| ONTARIO TEACHERS PENSION PLAN BOARD 15.95% of their portfolio | 39.4m $1.5bn | Reduced -4.3m |
| FMR LLC 0.09% of their portfolio | 28.4m $1.1bn | Reduced -22.1m |
| Capital Research Global Investors 0.08% of their portfolio | 8.1m $315.9m | Added +5.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.10% of their portfolio | 8.1m $312.5m | Reduced -344.2k |
| VANGUARD GROUP INC 0.01% of their portfolio | 7.0m $272.1m | Added +1.7m |
| NORDEA INVESTMENT MANAGEMENT AB 0.32% of their portfolio | 6.0m $233.6m | Reduced -249.1k |
| FRED ALGER MANAGEMENT, LLC 1.13% of their portfolio | 5.7m $221.0m | Added +2.1m |
| MORGAN STANLEY 0.02% of their portfolio | 5.6m $217.6m | Reduced -2.6m |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 5.3m $204.2m | Reduced -1.4m |
| NORGES BANK 0.04% of their portfolio | 5.2m $200.1m | Reduced -714.8k |
| PICTET ASSET MANAGEMENT SA 0.24% of their portfolio | 5.1m $199.8m | Reduced -272.4k |
| AMERICAN CENTURY COMPANIES INC 0.13% of their portfolio | 4.5m $174.7m | Added +516.0k |
| Clarkston Capital Partners, LLC 2.61% of their portfolio | 3.7m $145.4m | Added +15.0k |
| CITADEL ADVISORS LLC 0.14% of their portfolio | 3.3m $129.1m | Added +3.3m |
| BlackRock Inc. 0.00% of their portfolio | 2.9m $110.7m | Reduced -470.2k |
| Gladstone Capital Management LLP 11.64% of their portfolio | 2.7m $105.6m | Added +1.6m |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 2.7m $104.8m | Reduced -38.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.40% of their portfolio | 2.1m $80.4m | Added +356.0k |
| CIBC Asset Management Inc 0.31% of their portfolio | 2.0m $78.6m | Reduced -286.8k |
| TimesSquare Capital Management, LLC 1.13% of their portfolio | 2.0m $78.5m | Added +336.8k |
| JENNISON ASSOCIATES LLC 0.06% of their portfolio | 1.9m $75.2m | Reduced -362.2k |
| SAMLYN CAPITAL, LLC 1.22% of their portfolio | 1.8m $70.1m | Reduced -1.0m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.08% of their portfolio | 1.7m $66.0m | Added +140.1k |
| ADW Capital Management, LLC 17.91% of their portfolio | 1.6m $64.0m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 1.6m $61.5m | Reduced -654.2k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 1.6m $60.9m | Reduced -287.0k |
| Point72 Asset Management, L.P. 0.20% of their portfolio | 1.5m $57.5m | New |
| Caisse de depot et placement du Quebec 0.14% of their portfolio | 1.4m $52.8m | Added +222.7k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 1.3m $50.0m | Added +1.3m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.3m $48.6m | Added +144.9k |
| MARSHALL WACE, LLP 0.10% of their portfolio | 1.1m $44.2m | Added +381.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.0m $39.2m | Added +20.2k |
| PRIMECAP MANAGEMENT CO/CA/ 0.03% of their portfolio | 960.0k $37.2m | Added +22.5k |
| TD Asset Management Inc 0.04% of their portfolio | 936.4k $36.4m | Reduced -27.0k |
| Copeland Capital Management, LLC 0.72% of their portfolio | 897.3k $34.8m | Added +40.0k |
| Swiss National Bank 0.02% of their portfolio | 873.9k $34.0m | Added +142.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 821.0k $31.9m | Added +174.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 756.4k $29.2m | Added +182.8k |
| Interval Partners, LP 1.45% of their portfolio | 741.6k $28.8m | Added +314.1k |
| FIL Ltd 0.03% of their portfolio | 607.3k $23.6m | Reduced -136.5k |
| Legal & General Group Plc 0.01% of their portfolio | 596.3k $23.2m | Added +16.6k |
| Man Group plc 0.06% of their portfolio | 537.7k $20.9m | New |
| Norwood Investment Partners, LP 14.84% of their portfolio | 504.5k $19.6m | Reduced -33.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 461.0k $17.9m | Added +5.7k |
| Public Sector Pension Investment Board 0.12% of their portfolio | 436.5k $17.0m | Added +70.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 400.2k $15.6m | Added +82.8k |
| ROYCE & ASSOCIATES LP 0.15% of their portfolio | 394.9k $15.3m | Added +39.6k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 388.2k $15.1m | Added +70.8k |
| Hudson Bay Capital Management LP 0.15% of their portfolio | 380.0k $14.7m | Reduced -293.5k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 379.9k $14.7m | Reduced -81.5k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 365.0k $14.2m | New |
| BANK OF NOVA SCOTIA 0.04% of their portfolio | 348.6k $13.5m | Added +87.7k |
| Forge First Asset Management Inc. 6.81% of their portfolio | 343.0k $13.3m | Added +74.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 336.4k $13.1m | Reduced -200.6k |
| Brookfield Corp /ON/ 0.05% of their portfolio | 331.6k $12.9m | New |
| CIBC WORLD MARKET INC. 0.04% of their portfolio | 317.0k $12.3m | Added +53.9k |
| Vestcor Inc 0.43% of their portfolio | 305.7k $11.9m | Reduced -50.2k |
| BAROMETER CAPITAL MANAGEMENT INC. 3.59% of their portfolio | 261.6k $13.4m | Added +152.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 255.7k $9.9m | Added +55.7k |
| Northwest & Ethical Investments L.P. 0.32% of their portfolio | 254.2k $9.9m | Reduced -22.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 250.8k $9.7m | Reduced -155.2k |
| Hillsdale Investment Management Inc. 0.87% of their portfolio | 244.0k $9.5m | New |
| CI INVESTMENTS INC. 0.05% of their portfolio | 237.0k $9.2m | Added +9.2k |
| Barton Investment Management 1.36% of their portfolio | 234.1k $9.1m | Added +115.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 226.0k $8.8m | Added +52.3k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 221.7k $8.6m | Added +36.3k |
| SCHWARTZ INVESTMENT COUNSEL INC 0.36% of their portfolio | 221.6k $8.6m | Reduced -59.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 212.6k $8.2m | Added +16.6k |
| Addenda Capital Inc. 0.45% of their portfolio | 210.5k $10.8m | Reduced -6.2k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.15% of their portfolio | 200.0k $7.8m | Unchanged |
| INTACT INVESTMENT MANAGEMENT INC. 0.31% of their portfolio | 194.4k $7.5m | Reduced -470.4k |
| Alberta Investment Management Corp 0.07% of their portfolio | 191.3k $7.4m | Added +101.0k |
| Schonfeld Strategic Advisors LLC 0.06% of their portfolio | 188.9k $7.3m | Reduced -25.5k |
| Caldwell Investment Management Ltd. 5.34% of their portfolio | 185.0k $7.1m | New |
| Lisanti Capital Growth, LLC 0.99% of their portfolio | 184.2k $7.1m | New |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 182.0k $7.1m | Reduced -2.0m |
| Portolan Capital Management, LLC 0.62% of their portfolio | 179.1k $6.9m | Reduced -27.5k |
| TD Waterhouse Canada Inc. 0.09% of their portfolio | 175.1k $8.9m | Reduced -4.2k |
| 1623 Capital LLC 3.82% of their portfolio | 174.0k $6.8m | Added +17.8k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.06% of their portfolio | 163.2k $6.3m | Added +18.2k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.04% of their portfolio | 161.6k $6.3m | New |
| CENTAURUS FINANCIAL, INC. 0.50% of their portfolio | 145.9k $5.7m | Reduced -12.2k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 143.5k $5.6m | Added +109.0k |
| Hood River Capital Management LLC 0.16% of their portfolio | 140.7k $5.5m | Added +6.4k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 139.8k $5.4m | Added +8.5k |
| BRANT POINT INVESTMENT MANAGEMENT LLC 1.24% of their portfolio | 139.6k $5.4m | Added +74.6k |
| Retirement Systems of Alabama 0.02% of their portfolio | 136.4k $5.3m | Reduced -39.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 132.8k $5.2m | Reduced -171 |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 128.9k $5.0m | Added +26.3k |
| Amundi 0.00% of their portfolio | 120.4k $4.7m | Added +80.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 115.8k $4.5m | New |
| Cruiser Capital Advisors, LLC 4.16% of their portfolio | 104.8k $4.1m | Reduced -3.5k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 103.2k $4.0m | Reduced -39.8k |
| SCOTIA CAPITAL INC. 0.03% of their portfolio | 100.1k $3.9m | Reduced -17.0k |
| MONTANOVA CAPITAL, LLC 0.21% of their portfolio | 99.4k $3.9m | New |
| Daiwa Securities Group Inc. 0.02% of their portfolio | 93.7k $3.6m | Reduced -70.2k |
| CITIGROUP INC 0.00% of their portfolio | 93.6k $3.6m | Added +47.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 92.6k $3.6m | Reduced -14.9k |
| Verition Fund Management LLC 0.05% of their portfolio | 89.3k $3.5m | New |