REPUBLIC SVCS INC RSG
COM · Common Stock · CUSIP 760759100 · ISIN US7607591002
Solid waste management company in the U.S.
- SectorUtilities
- IndustryRefuse Systems
- HeadquartersPhoenix, AZ
- Founded1998
- Websiterepublicservices.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 ($99.0m this quarter). Holder counts are more reliable. Shares outstanding: 309.6m as of 2025-10-23, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $229.29. Options: 23 managers hold calls ($93.6m notional), 16 hold puts ($81.7m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 920 |
| Q4 2022 | 937 |
| Q1 2023 | 941 |
| Q2 2023 | 956 |
| Q3 2023 | 966 |
| Q4 2023 | 1,089 |
| Q1 2024 | 1,133 |
| Q2 2024 | 1,156 |
| Q3 2024 | 1,183 |
| Q4 2024 | 1,230 |
| Q1 2025 | 1,261 |
| Q2 2025 | 1,336 |
| Q3 2025 | 1,270 |
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 2023 | 465 | 450 |
| Q1 2024 | 488 | 509 |
| Q2 2024 | 520 | 489 |
| Q3 2024 | 547 | 492 |
| Q4 2024 | 530 | 511 |
| Q1 2025 | 602 | 524 |
| Q2 2025 | 626 | 537 |
| Q3 2025 | 574 | 602 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $70.2m | $37.7m | 0.54 |
| Q1 2025 | $62.6m | $36.9m | 0.59 |
| Q2 2025 | $84.8m | $106.7m | 1.26 |
| Q3 2025 | $93.6m | $81.7m | 0.87 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +3.5m |
| FMR LLC | Added | +1.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.3m |
| BESSEMER GROUP INC | Added | +730.3k |
| Man Group plc | Added | +528.5k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +438.2k |
| Caisse de depot et placement du Quebec | Added | +437.2k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +379.9k |
| DIMENSIONAL FUND ADVISORS LP | Added | +333.9k |
| UBS Group AG | Added | +304.8k |
Biggest sellers
| Capital World Investors | Reduced | -1.5m |
| Pictet Asset Management Holding SA | Reduced | -1.3m |
| ROYAL BANK OF CANADA | Reduced | -741.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -707.4k |
| AXA S.A. | Sold out | -622.5k |
| Invesco Ltd. | Reduced | -511.8k |
| AMERIPRISE FINANCIAL INC | Reduced | -404.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -381.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -373.1k |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -353.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $22.6m98.7k shares |
| Oribel Capital Management, LP | New | $22.0m95.7k shares |
| JANE STREET GROUP, LLC | Reduced | $6.2m26.9k shares |
| CITADEL ADVISORS LLC | Unchanged | $5.3m23.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $4.7m20.4k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $4.1m18.0k shares |
| Cubist Systematic Strategies, LLC | Reduced | $3.8m16.7k shares |
| IMC-Chicago, LLC | Reduced | $3.6m15.9k shares |
| NOMURA HOLDINGS INC | Added | $3.2m14.1k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $3.1m13.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $43.9m191.4k shares |
| CITADEL ADVISORS LLC | Added | $12.2m53.3k shares |
| IMC-Chicago, LLC | Reduced | $4.7m20.3k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $4.6m20.0k shares |
| SIMPLEX TRADING, LLC | Added | $3.8m16.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.4m14.7k shares |
| JANE STREET GROUP, LLC | Reduced | $2.5m10.8k shares |
| Walleye Capital LLC | Unchanged | $1.9m8.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.7m7.3k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $826.1k3.6k 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 |
|---|---|
| CASCADE INVESTMENT, L.L.C. 13D · may seek influence +1.2 pts · filed 2026-09-09 | 37.9% |
Fell to 5% or below in the last year: BlackRock, Inc. (5.0%, 2026-07-29), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q3 2025
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 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $1.0m | — |
| Q2 2024 | 2 | $114.8k | 1 | $1.2m | — |
| Q3 2024 | 0 | — | 1 | $649.6k | — |
| Q4 2024 | 0 | — | 2 | $1.5m | — |
| Q1 2025 | 0 | — | 2 | $2.0m | — |
| Q2 2025 | 0 | — | 1 | $59.5k | — |
| Q3 2025 | 0 | — | 1 | $1.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-22 | Brummer Gregg EVP, COO | Sold | $1.7m7.3k shares |
| 2025-08-19 | GATES WILLIAM H III +1 10% owner | Bought | $1.0m4.3k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 19.1m $4.4bn | Added +49.4k |
| BlackRock, Inc. 0.07% of their portfolio | 17.7m $4.1bn | Added +183.3k |
| STATE STREET CORP 0.08% of their portfolio | 9.5m $2.2bn | Reduced -1.8k |
| Capital World Investors 0.22% of their portfolio | 6.9m $1.6bn | Reduced -1.5m |
| FMR LLC 0.08% of their portfolio | 6.4m $1.5bn | Added +1.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.16% of their portfolio | 6.3m $1.5bn | Added +1.3m |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 6.2m $1.4bn | Added +3.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 4.8m $1.1bn | Added +22.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.17% of their portfolio | 4.3m $978.2m | Reduced -707.4k |
| Pictet Asset Management Holding SA 0.89% of their portfolio | 4.0m $925.0m | Reduced -1.3m |
| MORGAN STANLEY 0.05% of their portfolio | 3.9m $885.3m | Added +11.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.47% of their portfolio | 2.3m $537.6m | Reduced -353.6k |
| UBS Group AG 0.10% of their portfolio | 2.3m $532.9m | Added +304.8k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 2.3m $527.7m | Reduced -16.5k |
| FRANKLIN RESOURCES INC 0.13% of their portfolio | 2.2m $501.6m | Reduced -193.8k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 2.0m $466.1m | Added +114.3k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 1.9m $441.4m | Added +263.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 1.8m $420.8m | Added +207.3k |
| Invesco Ltd. 0.07% of their portfolio | 1.8m $416.2m | Reduced -511.8k |
| STIFEL FINANCIAL CORP 0.37% of their portfolio | 1.8m $402.8m | Added +2.7k |
| TD Asset Management Inc 0.31% of their portfolio | 1.7m $382.6m | Reduced -35.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 1.6m $377.0m | Reduced -373.1k |
| CHILTON INVESTMENT CO INC. 6.33% of their portfolio | 1.4m $310.6m | Added +54.5k |
| Caisse de depot et placement du Quebec 0.55% of their portfolio | 1.3m $304.5m | Added +437.2k |
| Amundi 0.09% of their portfolio | 1.3m $293.0m | Added +34.2k |
| Allspring Global Investments Holdings, LLC 0.47% of their portfolio | 1.3m $294.7m | Added +62.6k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 1.3m $297.2m | Reduced -12.4k |
| Legal & General Group Plc 0.07% of their portfolio | 1.3m $295.6m | Added +108.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.17% of their portfolio | 1.3m $290.7m | Added +379.9k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.2m $283.6m | Added +333.9k |
| M&G PLC 1.46% of their portfolio | 1.2m $274.5m | Added +34.0k |
| DekaBank Deutsche Girozentrale 0.43% of their portfolio | 1.1m $252.7m | Unchanged |
| EARNEST PARTNERS LLC 1.09% of their portfolio | 1.1m $252.4m | Added +4.7k |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 1.1m $241.9m | Reduced -404.6k |
| DEUTSCHE BANK AG\ 0.08% of their portfolio | 1.0m $229.9m | Added +29.8k |
| RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio | 952.1k $218.5m | Added +18.8k |
| TWO SIGMA INVESTMENTS, LP 0.33% of their portfolio | 934.1k $214.4m | Reduced -5.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.16% of their portfolio | 907.7k $208.3m | Added +438.2k |
| AQR CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 897.1k $205.9m | Added +124.3k |
| Qube Research & Technologies Ltd 0.27% of their portfolio | 834.7k $191.5m | Added +149.2k |
| National Pension Service 0.14% of their portfolio | 758.6k $174.1m | Added +9.0k |
| BESSEMER GROUP INC 0.26% of their portfolio | 739.8k $169.8m | Added +730.3k |
| Nuveen, LLC 0.04% of their portfolio | 738.1k $169.4m | Added +20.9k |
| TWO SIGMA ADVISERS, LP 0.32% of their portfolio | 690.6k $158.5m | Added +96.4k |
| C WorldWide Group Holding A/S 2.39% of their portfolio | 676.8k $155.3m | Reduced -131.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.41% of their portfolio | 674.4k $154.8m | Added +75.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 672.8k $154.4m | Reduced -1.9k |
| Man Group plc 0.30% of their portfolio | 667.6k $153.2m | Added +528.5k |
| Impax Asset Management Group plc 0.87% of their portfolio | 648.0k $148.7m | Reduced -28.4k |
| California Public Employees Retirement System 0.09% of their portfolio | 639.0k $146.6m | Reduced -126.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 632.3k $145.1m | Reduced -4.3k |
| Swiss National Bank 0.08% of their portfolio | 630.5k $144.7m | Reduced -31.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.11% of their portfolio | 630.3k $144.4m | Added +210.3k |
| Robeco Institutional Asset Management B.V. 0.20% of their portfolio | 611.2k $140.3m | Reduced -195.2k |
| Ensign Peak Advisors, Inc 0.23% of their portfolio | 603.6k $138.5m | Added +11.5k |
| BARCLAYS PLC 0.05% of their portfolio | 602.7k $138.3m | Added +120.1k |
| AXA Investment Managers S.A. 0.37% of their portfolio | 597.9k $137.2m | First filing |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 582.8k $133.7m | Added +104.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 574.7k $131.9m | Added +11.2k |
| GABELLI FUNDS LLC 0.89% of their portfolio | 571.7k $131.2m | Reduced -29.4k |
| SEI INVESTMENTS CO 0.14% of their portfolio | 555.6k $127.5m | Added +3.6k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 546.8k $125.5m | Reduced -741.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 523.7k $120.2m | Reduced -75.0k |
| LPL Financial LLC 0.03% of their portfolio | 498.0k $114.3m | Added +10.7k |
| GAMCO INVESTORS, INC. ET AL 1.05% of their portfolio | 470.0k $107.9m | Reduced -25.1k |
| Alyeska Investment Group, L.P. 0.32% of their portfolio | 462.6k $106.2m | Added +9.6k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 454.8k $104.4m | Added +48.9k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 452.0k $103.8m | Reduced -618 |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 444.6k $102.0m | Reduced -116.5k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.36% of their portfolio | 440.5k $101.1m | Reduced -10.3k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 433.1k $99.4m | Reduced -11.1k |
| Bank Julius Baer & Co. Ltd, Zurich 0.28% of their portfolio | 428.6k $98.4m | Reduced -16.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 419.4k $96.2m | Added +13.1k |
| Squarepoint Ops LLC 0.20% of their portfolio | 410.1k $94.1m | Added +88.1k |
| Rockefeller Capital Management L.P. 0.18% of their portfolio | 402.1k $92.3m | Reduced -161.0k |
| DAVENPORT & Co LLC 0.46% of their portfolio | 375.4k $86.1m | Reduced -2.4k |
| Allianz Asset Management GmbH 0.11% of their portfolio | 375.1k $86.1m | Added +48.1k |
| GENERAL AMERICAN INVESTORS CO INC 5.11% of their portfolio | 355.6k $81.6m | Unchanged |
| CITIGROUP INC 0.06% of their portfolio | 352.5k $80.9m | Added +143.7k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 1.17% of their portfolio | 349.9k $80.3m | Reduced -2.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.14% of their portfolio | 347.8k $79.8m | Reduced -285.8k |
| PARNASSUS INVESTMENTS, LLC 0.18% of their portfolio | 339.2k $77.8m | Reduced -13.2k |
| 1832 Asset Management L.P. 0.13% of their portfolio | 337.9k $77.5m | Reduced -2.7k |
| GUYASUTA INVESTMENT ADVISORS INC 4.46% of their portfolio | 337.7k $77.5m | Added +2.6k |
| EULAV Asset Management 1.73% of their portfolio | 323.6k $74.3m | Reduced -14 |
| LONDON CO OF VIRGINIA 0.41% of their portfolio | 322.1k $73.9m | Reduced -9.1k |
| BANK OF NOVA SCOTIA 0.13% of their portfolio | 311.7k $71.5m | Added +107.8k |
| Freestone Grove Partners LP 0.51% of their portfolio | 296.8k $68.1m | New |
| Corient Private Wealth LP 0.11% of their portfolio | 293.6k $67.4m | Reduced -13.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.22% of their portfolio | 283.4k $65.0m | Added +274.3k |
| Fenimore Asset Management Inc 1.30% of their portfolio | 282.1k $64.7m | Added +1.2k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 279.5k $64.1m | Added +76.8k |
| APG Asset Management N.V. 0.15% of their portfolio | 278.9k $54.5m | Reduced -4.9k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 276.5k $63.4m | Added +14.6k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.57% of their portfolio | 271.3k $62.3m | Added +166.5k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio | 269.7k $60.1m | Reduced -372 |
| MACKENZIE FINANCIAL CORP 0.07% of their portfolio | 265.1k $60.8m | Reduced -50.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.08% of their portfolio | 264.2k $60.6m | Reduced -26.8k |
| BENJAMIN EDWARDS INC 0.68% of their portfolio | 263.7k $60.5m | Added +6.2k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 263.5k $60.3m | Added +9.8k |