GFLNYSERefuse SystemsFiscal year ends December 31
GFL Environmental Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 18, 2026
$44.68+0.83 (+1.89%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
74.6%
277M of 371M shares
Institutional holders
325
68 new, 63 sold out
Net institutional buying
26M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BCEC - GFL Holdings (Guernsey) L.P. | 76,646,477 | 22.10% | 13G (passive) amendment | Dec 31, 2025 |
| FMR LLC | 27,111,684 | 7.80% | 13G (passive) amendment | Sep 30, 2025 |
| Patrick Dovigi | 25,688,228 | 6.80% | 13G (passive) amendment | Sep 30, 2025 |
| Capital Research Global Investors | 23,151,980 | 6.70% | 13G (passive) amendment | Mar 31, 2026 |
| Abigail P. Johnson | 22,638,505 | 6.50% | 13G (passive) amendment | Jun 30, 2026 |
| Ontario Teachers Pension Plan Board | 22,450,784 | 6.50% | 13G (passive) amendment | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of GFL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BC Partners PE LP | 29,912,724 | 8.06% | $965.10M | – | 21.77% |
| FMR LLC | 22,638,505 | 6.10% | $832.47M | −2,824,366 | 0.04% |
| Ontario Teachers Pension Plan Board | 22,450,784 | 6.05% | $824.70M | – | 5.23% |
| Capital Research Global Investors | 21,919,416 | 5.91% | $806.42M | −1,232,564 | 0.11% |
| Massachusetts Financial Services Co /Ma/ | 10,865,869 | 2.93% | $422.77M | −80,261 | 0.13% |
| Nordea Investment Management Ab | 10,483,301 | 2.83% | $380.12M | +2,218,333 | 0.31% |
| Maverick Capital Ltd | 10,202,931 | 2.75% | $375.28M | +6,353,275 | 3.31% |
| Royal Bank of Canada | 9,112,951 | 2.46% | $335.27M | +751,100 | 0.05% |
| BlackRock, Inc. | 8,102,045 | 2.18% | $298.07M | +5,511,143 | 0.00% |
| FIL Ltd | 7,740,731 | 2.09% | $284.63M | +7,641,177 | 0.20% |
| CIBC Asset Management Inc | 7,494,244 | 2.02% | $275.57M | +1,360,128 | 0.60% |
| Vanguard Capital Management LLC | 7,261,873 | 1.96% | $267.03M | −80,160 | 0.01% |
| Pictet Asset Management Holding SA | 6,672,900 | 1.80% | $245.49M | +519,256 | 0.23% |
| Beutel, Goodman & Co Ltd. | 5,720,668 | 1.54% | $210.28K | −916,830 | 1.55% |
| Fred Alger Management, LLC | 5,430,363 | 1.46% | $199.78M | −587,164 | 0.67% |
| Deutsche Bank AG\ | 4,471,291 | 1.21% | $164.50M | +745,434 | 0.05% |
| Geode Capital Management, LLC | 3,932,615 | 1.06% | $144.27M | +1,647,842 | 0.01% |
| Norges Bank | 3,363,782 | 0.91% | $123.69M | New | 0.01% |
| Mitsubishi UFJ Trust & Banking Corp | 3,063,707 | 0.83% | $112.55M | New | 0.25% |
| Mackenzie Financial Corp | 2,927,135 | 0.79% | $152.65M | +1,514,200 | 0.15% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 325 | 277M | 74.6% | 68 / 117 | 105 / 63 | 55M | 29M |
| Q1 2026 | 327 | 251M | 67.6% | 59 / 127 | 97 / 54 | 33M | 23M |
| Q4 2025 | 327 | 252M | 67.9% | 62 / 111 | 96 / 29 | 37M | 25M |
| Q3 2025 | 298 | 242M | 65.1% | 32 / 111 | 107 / 41 | 13M | 34M |
| Q2 2025 | 310 | 263M | 70.9% | 39 / 105 | 127 / 45 | 20M | 19M |
| Q1 2025 | 319 | 262M | 70.6% | 72 / 98 | 117 / 33 | 60M | 28M |
| Q4 2024 | 286 | 275M | 74.0% | 56 / 109 | 91 / 32 | 17M | 16M |
| Q3 2024 | 267 | 273M | 73.7% | 43 / 106 | 80 / 26 | 28M | 14M |
| Q2 2024 | 254 | 262M | 70.5% | 45 / 103 | 86 / 23 | 21M | 37M |
| Q1 2024 | 235 | 278M | 75.1% | 48 / 99 | 63 / 22 | 37M | 15M |
| Q4 2023 | 211 | 256M | 68.9% | 36 / 83 | 72 / 29 | 32M | 19M |
| Q3 2023 | 204 | 242M | 65.2% | 19 / 96 | 65 / 33 | 28M | 25M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of GFL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Growth-Income Fund | 9,288,588 | 2.50% | $341.73M | 0.74% | Jun 30, 2026 |
| Fidelity Series Canada Fund | 7,230,014 | 1.95% | $212.98M | 2.91% | Jul 31, 2026 |
| Investment Co of America | 5,319,677 | 1.43% | $195.71M | 0.11% | Jun 30, 2026 |
| MFS Mid Cap Value Fund | 4,472,069 | 1.21% | $164.53M | 0.95% | Jun 30, 2026 |
| Growth Fund of America | 3,509,947 | 0.95% | $117.72M | 0.03% | May 31, 2026 |
| Vanguard Total International Stock Index Fund | 3,385,499 | 0.91% | $195.99M | 0.02% | Jul 31, 2026 |
| Fidelity Contrafund | 2,571,098 | 0.69% | $66.66M | 0.05% | Jun 30, 2026 |
| Capital Group Core Equity ETF | 2,514,199 | 0.68% | $84.33M | 0.78% | May 31, 2026 |
| Vanguard Developed Markets Index Fund | 2,481,771 | 0.67% | $129.42M | 0.03% | Jun 30, 2026 |
| Alger Focus Equity Fund | 2,273,516 | 0.61% | $93.94M | 1.32% | Jul 31, 2026 |
| BlackRock Event Driven Equity Fund | 1,368,397 | 0.37% | $45.90M | 0.96% | May 29, 2026 |
| Fidelity Advisor New Insights Fund | 1,319,025 | 0.36% | $34.20M | 0.17% | Jun 30, 2026 |
| Fidelity SAI Canada Equity Index Fund | 1,264,314 | 0.34% | $37.24M | 0.33% | Jul 31, 2026 |
| Alger Spectra Fund | 1,235,971 | 0.33% | $51.07M | 1.18% | Jul 31, 2026 |
| Fidelity Dividend Growth Fund | 1,232,000 | 0.33% | $50.91M | 0.43% | Jul 31, 2026 |
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| William Soffera Officer | Dec 9, 2025 | 44,642 | $1.97M | Dec 9, 2025 | Grant |
| Pelosi Luke EVP & CFO | Sep 25, 2025 | 50,926 | $2.37M | Sep 25, 2025 | Stock option exercise |
| Dovigi Patrick President, CEO and Director | Sep 22, 2025 | 312,301 | $14.51M | Sep 22, 2025 | Compensation |
| Joy Grahek Elizabeth EVP, Strategic Initiatives | May 30, 2025 | 11,000 | $546.59K | May 30, 2025 | Acquired upon vesting of restricted stock units |
| Pelosi Luke EVP & CFO | May 30, 2025 | 107,803 | $5.36M | May 30, 2025 | Acquired upon vesting of restricted stock units |
| Dovigi Patrick Director, President and CEO | May 22, 2025 | 250,000 | $12.40M | May 22, 2025 | Compensation |
| Dovigi Patrick Director, President and CEO | May 9, 2025 | 250,000 | $12.61M | May 9, 2025 | Compensation |
| Dovigi Patrick Director, President and CEO | Sep 6, 2024 | 600,000 | $24.37M | Sep 6, 2024 | RSU Vesting |
| Dovigi Patrick Director, President and CEO | Aug 8, 2024 | 600,000 | $23.92M | Aug 8, 2024 | RSU Vesting |
| Gerald Yorston Gregory Affiliate | Mar 25, 2024 | 28,794 | $1.02M | Mar 25, 2024 | Vested Restricted Stock Units |
| Gerald Yorston Gregory Affiliate | Dec 28, 2023 | 66,410 | $2.30M | Dec 28, 2023 | Vested Restricted Stock Units |