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WASTE CONNECTIONS INC WCN

Waste Connections, Inc. provides non-hazardous waste collection, transfer, and disposal services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.

Company profile

Business mix

  • It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers.
  • The company owns and operates transfer stations that receive, compact, and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge.
  • In addition, it provides E&P waste treatment, recovery, and disposal services for waste created through the initial drilling and completion of an oil or natural gas well.
  • Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.

Current key questions

  • Can orders, backlog, aftermarket demand, and end-market capital spending support growth in waste management?
  • How do pricing, input costs, supply chain execution, and utilization affect margins?
  • Does capital allocation strengthen the company's competitive position across cycles?
Holders 2 Current sample portfolio
Public mentions 0 Videos / interviews / letters

Current firm holders

Firm Weight Value Filing period
Stockbridge Partners 9.6% $398.2M 2026-03-31
Sands Capital Management Frank Sands 0.4% $103.1M 2026-03-31

Recent trading changes over the last 2 quarters

Net buyers 1 Last 2 13F filing periods
Net reducers 2 Last 2 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $35.2M Estimated from net added shares
Reduction amount $93.5M Estimated from net reduced shares
Net share change / base shares -9.8% -356,649 / 3,642,721
Stockbridge Partners 2 filing periods
13F 2025-12-31 Filed 2026-02-17
Minor increase Shares 5.9% 13F value change +$22.3M
13F 2026-03-31 Filed 2026-05-15
Minor increase Shares 3.5% 13F value change -$17.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 2,234,527 Last 2 periods +216,642 (+9.7%) Total shares 2,451,169 Value $398.2M
Sands Capital Management Frank Sands 2 filing periods
13F 2025-12-31 Filed 2026-02-13
Major reduction Shares -18.4% 13F value change -$38.6M
13F 2026-03-31 Filed 2026-05-08
Major reduction Shares -34.3% 13F value change -$66.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-08
Base shares 1,183,194 Last 2 periods -548,291 (-46.3%) Total shares 634,903 Value $103.1M
Baron Capital Ron Baron 2 filing periods
13F 2025-06-30 Filed 2025-08-14
Unchanged Shares 0.0% 13F value change $0
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -11.1% 13F value change -$6.9M
Settlement As of 13F 2025-09-30 · Filed 2025-11-14
Base shares 225,000 Last 2 periods -25,000 (-11.1%) Total shares 200,000 Value $35.2M

Recent mentions

No public mentions.