WASTE CONNECTIONS INC WCN
COM · Common Stock · CUSIP 94106B101 · ISIN CA94106B1013
North American integrated waste services company
- SectorUtilities
- IndustryRefuse Systems
- HeadquartersThe Woodlands, TX
- Founded1997
- Websitewasteconnections.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 ($73.1m this quarter). Holder counts are more reliable. Shares outstanding: 257.6m as of 2023-07-21, 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 ≈ $143.04. Options: 9 managers hold calls ($30.5m notional), 9 hold puts ($4.1m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 566 |
| Q4 2022 | 601 |
| Q1 2023 | 601 |
| Q2 2023 | 605 |
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 | 285 | 243 |
| Q1 2023 | 282 | 276 |
| Q2 2023 | 258 | 274 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $31.4m | $13.8m | 0.44 |
| Q4 2022 | $26.2m | $7.4m | 0.28 |
| Q1 2023 | $26.4m | $7.1m | 0.27 |
| Q2 2023 | $30.5m | $4.1m | 0.13 |
Biggest buyers
| Balyasny Asset Management L.P. | New | +1.2m |
| TORONTO DOMINION BANK | Added | +970.9k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | Added | +948.9k |
| AMERIPRISE FINANCIAL INC | Added | +511.5k |
| MACQUARIE GROUP LTD | Added | +489.4k |
| MONTRUSCO BOLTON INVESTMENTS INC. | Added | +422.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +406.8k |
| WCM INVESTMENT MANAGEMENT, LLC | Added | +372.6k |
| SCOPUS ASSET MANAGEMENT, L.P. | Added | +299.6k |
| ARGENT CAPITAL MANAGEMENT LLC | New | +267.1k |
Biggest sellers
| FMR LLC | Reduced | -5.2m |
| CITADEL ADVISORS LLC | Reduced | -1.1m |
| Echo Street Capital Management LLC | Reduced | -965.9k |
| Invesco Ltd. | Reduced | -802.7k |
| Capital World Investors | Reduced | -680.6k |
| Nuveen Asset Management, LLC | Reduced | -522.9k |
| MACKENZIE FINANCIAL CORP | Reduced | -456.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -359.6k |
| T. Rowe Price Investment Management, Inc. | Reduced | -302.7k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -250.6k |
Biggest calls
| D. E. Shaw & Co., Inc. | Added | $11.9m83.0k shares |
| SIG North Trading, ULC | Added | $5.3m36.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.2m36.5k shares |
| JANE STREET GROUP, LLC | New | $5.0m34.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m11.3k shares |
| SIMPLEX TRADING, LLC | Added | $929.0k6.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $364.7k2.6k shares |
| Walleye Trading LLC | New | $271.6k1.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Walleye Trading LLC | Reduced | $1.5m10.6k shares |
| SIG North Trading, ULC | Reduced | $1.3m9.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $328.7k2.3k shares |
| Walleye Capital LLC | New | $300.2k2.1k shares |
| TUDOR INVESTMENT CORP ET AL | New | $228.7k1.6k shares |
| SIMPLEX TRADING, LLC | Added | $200.0k1.4k shares |
| PEAK6 Investments LLC | Unchanged | $142.9k1.0k shares |
| CITADEL ADVISORS LLC | Reduced | $42.9k300 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 7.8% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
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.
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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $2.2m | — |
| Q1 2022 | 3 | $13.3k | 0 | — | — |
| Q2 2022 | 2 | $2.4k | 0 | — | — |
| Q3 2022 | 2 | $2.4k | 3 | $3.0m | — |
| Q4 2022 | 2 | $2.6k | 1 | $547.7k | — |
| Q1 2023 | 0 | — | 4 | $1.4m | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 28.0m $4.0bn | Added +196.2k |
| T. Rowe Price Investment Management, Inc. 0.96% of their portfolio | 9.9m $1.4bn | Reduced -302.7k |
| Capital International Investors 0.33% of their portfolio | 9.7m $1.4bn | Added +9.5k |
| ROYAL BANK OF CANADA 0.37% of their portfolio | 9.4m $1.3bn | Reduced -6.4k |
| WCM INVESTMENT MANAGEMENT, LLC 3.86% of their portfolio | 9.1m $1.3bn | Added +372.6k |
| BlackRock Inc. 0.04% of their portfolio | 9.0m $1.3bn | Reduced -64.1k |
| BANK OF MONTREAL /CAN/ 0.43% of their portfolio | 8.3m $1.2bn | Added +49.2k |
| PICTET ASSET MANAGEMENT SA 1.09% of their portfolio | 6.4m $917.8m | Added +121.4k |
| FMR LLC 0.06% of their portfolio | 5.4m $774.3m | Reduced -5.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio | 5.3m $757.7m | Added +68.9k |
| Capital World Investors 0.14% of their portfolio | 5.2m $750.0m | Reduced -680.6k |
| TD Asset Management Inc 0.85% of their portfolio | 5.2m $749.9m | Added +169.3k |
| NORGES BANK 0.11% of their portfolio | 3.9m $551.1m | Added +2.5k |
| 1832 Asset Management L.P. 1.04% of their portfolio | 3.7m $534.0m | Added +23.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.28% of their portfolio | 3.5m $495.0m | Added +95.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio | 3.0m $431.6m | Added +67.3k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 2.8m $396.4m | Added +34.0k |
| FIL Ltd 0.43% of their portfolio | 2.7m $383.2m | Added +112.8k |
| MACKENZIE FINANCIAL CORP 0.57% of their portfolio | 2.6m $374.2m | Reduced -456.8k |
| NATIONAL BANK OF CANADA /FI/ 0.68% of their portfolio | 2.4m $341.6m | Reduced -35.8k |
| Durable Capital Partners LP 2.77% of their portfolio | 2.2m $315.2m | Unchanged |
| Alphinity Investment Management Pty Ltd 5.11% of their portfolio | 2.2m $314.2m | Reduced -126.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.10% of their portfolio | 2.2m $311.9m | Reduced -61.5k |
| Connor, Clark & Lunn Investment Management Ltd. 1.55% of their portfolio | 2.2m $310.2m | Reduced -250.6k |
| GATES FOUNDATION TRUST 0.73% of their portfolio | 2.1m $307.2m | Unchanged |
| TORONTO DOMINION BANK 0.23% of their portfolio | 2.1m $307.2m | Added +970.9k |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 2.1m $294.4m | Reduced -522.9k |
| Fiera Capital Corp 0.80% of their portfolio | 1.9m $278.1m | Added +23.6k |
| BANK OF NOVA SCOTIA 0.71% of their portfolio | 1.9m $271.4m | Added +30.2k |
| STATE STREET CORP 0.01% of their portfolio | 1.8m $260.3m | Reduced -20.4k |
| MONTRUSCO BOLTON INVESTMENTS INC. 3.90% of their portfolio | 1.8m $251.5m | Added +422.1k |
| BROWN ADVISORY INC 0.37% of their portfolio | 1.7m $237.3m | Reduced -34.1k |
| DF DENT & CO INC 3.15% of their portfolio | 1.6m $232.8m | Reduced -44.5k |
| EAGLE ASSET MANAGEMENT INC 1.28% of their portfolio | 1.6m $230.3m | Reduced -176.7k |
| Findlay Park Partners LLP 2.22% of their portfolio | 1.5m $216.5m | Reduced -95.0k |
| NEUBERGER BERMAN GROUP LLC 0.19% of their portfolio | 1.5m $212.8m | Added +12.3k |
| CIBC WORLD MARKET INC. 0.69% of their portfolio | 1.4m $201.8m | Added +15.8k |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 1.4m $211.3m | Added +511.5k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.4m $196.0m | Reduced -130.7k |
| CIBC Asset Management Inc 0.76% of their portfolio | 1.4m $195.0m | Reduced -31.4k |
| MORGAN STANLEY 0.02% of their portfolio | 1.3m $180.3m | Reduced -48.9k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 1.2m $176.3m | Added +72.1k |
| Balyasny Asset Management L.P. 0.48% of their portfolio | 1.2m $170.8m | New |
| Legal & General Group Plc 0.05% of their portfolio | 1.2m $167.8m | Reduced -7.4k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.83% of their portfolio | 1.2m $167.4m | Reduced -4.7k |
| Aberdeen Group plc 0.39% of their portfolio | 1.2m $166.3m | Reduced -223.8k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.67% of their portfolio | 989.2k $141.4m | Added +948.9k |
| Swiss National Bank 0.09% of their portfolio | 930.1k $132.9m | Reduced -90.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 869.3k $124.2m | Reduced -33.8k |
| TimesSquare Capital Management, LLC 1.74% of their portfolio | 847.3k $121.1m | Reduced -99.7k |
| SNYDER CAPITAL MANAGEMENT L P 2.47% of their portfolio | 812.0k $116.1m | Reduced -30.8k |
| EVENTIDE ASSET MANAGEMENT, LLC 1.96% of their portfolio | 809.4k $115.7m | Added +144 |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 805.2k $115.1m | Added +19.6k |
| TCW GROUP INC 1.25% of their portfolio | 790.2k $112.9m | Added +17.5k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 781.2k $111.7m | Added +199.3k |
| AXA S.A. 0.37% of their portfolio | 770.3k $110.1m | Added +49.3k |
| AGF MANAGEMENT LTD 0.80% of their portfolio | 767.2k $109.6m | Added +72.3k |
| PUTNAM INVESTMENTS LLC 0.16% of their portfolio | 766.1k $109.5m | Added +1.8k |
| APG Asset Management N.V. 0.19% of their portfolio | 732.8k $96.0m | Reduced -16.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 729.5k $101.5m | Unchanged |
| Rathbones Group PLC 0.91% of their portfolio | 680.6k $97.3m | Added +7.3k |
| Allspring Global Investments Holdings, LLC 0.16% of their portfolio | 679.7k $97.1m | Reduced -51.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 662.7k $94.8m | Reduced -119.5k |
| DekaBank Deutsche Girozentrale 0.20% of their portfolio | 612.9k $86.9m | Added +142.3k |
| Capital Group Private Client Services, Inc. 0.99% of their portfolio | 589.7k $84.3m | Added +1.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.74% of their portfolio | 554.9k $79.3m | Added +93.6k |
| Invesco Ltd. 0.02% of their portfolio | 548.6k $78.4m | Reduced -802.7k |
| AVIVA PLC 0.31% of their portfolio | 534.1k $76.3m | Added +191.8k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.53% of their portfolio | 516.7k $73.9m | Added +13.6k |
| MACQUARIE GROUP LTD 0.08% of their portfolio | 496.2k $70.9m | Added +489.4k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.68% of their portfolio | 494.3k $70.7m | Reduced -61.2k |
| Candriam S.C.A. 0.50% of their portfolio | 487.6k $69.7m | Reduced -169.2k |
| STOREBRAND ASSET MANAGEMENT AS 0.32% of their portfolio | 484.0k $69.2m | Added +5.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 474.5k $67.8m | Added +37.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.19% of their portfolio | 465.7k $66.6m | Added +6.3k |
| National Pension Service 0.11% of their portfolio | 464.2k $65.1m | Reduced -82.9k |
| CIBC Private Wealth Group LLC 0.07% of their portfolio | 442.2k $63.2m | Added +137.0k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 430.7k $61.6m | Added +406.8k |
| DAVIS R M INC 1.48% of their portfolio | 430.2k $61.5m | Reduced -6.1k |
| Ensign Peak Advisors, Inc 0.12% of their portfolio | 428.6k $61.3m | Added +35.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 426.4k $61.0m | Reduced -223.8k |
| BAMCO INC /NY/ 0.17% of their portfolio | 425.0k $60.7m | Reduced -25.0k |
| CREDIT SUISSE AG/ 0.06% of their portfolio | 396.5k $56.7m | Reduced -6.6k |
| UBS Group AG 0.02% of their portfolio | 390.4k $55.8m | Added +132.2k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.35% of their portfolio | 385.6k $55.1m | Reduced -10.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 375.8k $53.7m | Reduced -7.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.17% of their portfolio | 375.3k $53.6m | Reduced -785 |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 372.3k $53.2m | Reduced -12.3k |
| Amundi 0.03% of their portfolio | 360.9k $51.0m | Reduced -86.9k |
| Zurich Insurance Group Ltd/FI 0.53% of their portfolio | 357.1k $51.0m | Reduced -181 |
| CI INVESTMENTS INC. 0.25% of their portfolio | 353.5k $50.5m | Reduced -11.1k |
| Baird Financial Group, Inc. 0.13% of their portfolio | 344.9k $49.3m | Added +26.5k |
| Tandem Investment Advisors, Inc. 2.08% of their portfolio | 331.2k $47.3m | Added +41.2k |
| SCOPUS ASSET MANAGEMENT, L.P. 1.62% of their portfolio | 325.0k $46.5m | Added +299.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 322.2k $46.1m | Added +3.4k |
| Waratah Capital Advisors Ltd. 2.26% of their portfolio | 313.6k $44.8m | Added +68.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 312.0k $44.6m | Added +35.0k |
| Baskin Financial Services Inc. 4.27% of their portfolio | 311.5k $44.5m | Added +329 |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 311.4k $44.6m | Reduced -46.2k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 310.1k $44.3m | Reduced -2.2k |