WCNNYSERefuse SystemsFiscal year ends December 31
Waste Connections, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 22, 2026
$165.69−2.21 (-1.32%)
Close on Oct 19, 2026
- Market cap
- $42.06B
- P/E (TTM)
- 39.9
- Dividend yield
- 0.78%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
86.2%
217M of 252M shares
Institutional holders
835
129 new, 74 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
1 buys · 16 sales
Net bought $1.15M
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 |
|---|---|---|---|---|
| Vanguard Capital Management | 19,908,434 | 7.78% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of WCN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Vanguard Capital Management LLC | 15,797,275 | 6.27% | $2.63B | −57,888 | 0.06% |
| Royal Bank of Canada | 13,188,665 | 5.23% | $2.20B | +978,004 | 0.33% |
| Vanguard Portfolio Management LLC | 11,232,978 | 4.46% | $1.87B | +97,720 | 0.08% |
| Bank Of Montreal /Can/ | 8,665,651 | 3.44% | $1.44B | +530,018 | 0.48% |
| 1832 Asset Management L.P. | 7,456,684 | 2.96% | $1.24B | +343,080 | 0.62% |
| BlackRock, Inc. | 6,370,788 | 2.53% | $1.06B | +179,224 | 0.02% |
| FMR LLC | 5,341,098 | 2.12% | $890.24M | −3,623,552 | 0.04% |
| Mackenzie Financial Corp | 4,699,732 | 1.86% | $21.41M | −280,585 | 0.02% |
| Capital International Investors | 4,582,617 | 1.82% | $763.91M | −645,433 | 0.16% |
| Aqr Capital Management LLC | 4,111,035 | 1.63% | $683.99M | +3,002,466 | 0.24% |
| Norges Bank | 3,957,385 | 1.57% | $659.46M | New | 0.07% |
| TD Asset Management Inc | 3,804,528 | 1.51% | $633.92M | −225,738 | 0.55% |
| Wcm Investment Management, LLC | 3,794,258 | 1.51% | $634.13M | −81,138 | 1.15% |
| Invesco Ltd. | 3,587,785 | 1.42% | $598.05M | +3,172,521 | 0.05% |
| Manufacturers Life Insurance Company, The | 3,544,278 | 1.41% | $589.67M | −179,926 | 0.46% |
| Two Sigma Investments, LP | 3,245,893 | 1.29% | $541.06M | −198,159 | 0.39% |
| Bank Of America Corp /De/ | 3,062,730 | 1.22% | $510.53M | +393,622 | 0.03% |
| Citadel Advisors LLC | 2,890,779 | 1.15% | $481.86M | −223,171 | 0.06% |
| Wellington Management Group Llp | 2,867,268 | 1.14% | $477.94M | −2,067,975 | 0.08% |
| Price T Rowe Associates Inc /Md/ | 2,605,542 | 1.03% | $434.32K | −211,577 | 0.04% |
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 | 835 | 217M | 86.2% | 129 / 284 | 305 / 74 | 26M | 24M |
| Q1 2026 | 794 | 215M | 85.2% | 97 / 262 | 305 / 109 | 56M | 30M |
| Q4 2025 | 813 | 220M | 87.2% | 144 / 270 | 275 / 58 | 21M | 16M |
| Q3 2025 | 749 | 215M | 85.4% | 77 / 264 | 273 / 81 | 21M | 37M |
| Q2 2025 | 766 | 232M | 92.1% | 93 / 301 | 241 / 54 | 24M | 14M |
| Q1 2025 | 737 | 222M | 87.9% | 78 / 262 | 284 / 67 | 15M | 20M |
| Q4 2024 | 736 | 229M | 91.0% | 82 / 252 | 282 / 64 | 22M | 16M |
| Q3 2024 | 729 | 225M | 89.2% | 88 / 269 | 262 / 51 | 24M | 16M |
| Q2 2024 | 696 | 225M | 89.3% | 66 / 279 | 242 / 45 | 14M | 16M |
| Q1 2024 | 682 | 227M | 90.1% | 91 / 227 | 267 / 40 | 17M | 16M |
| Q4 2023 | 638 | 228M | 90.4% | 93 / 198 | 253 / 53 | 20M | 19M |
| Q3 2023 | 606 | 227M | 90.0% | 56 / 254 | 196 / 50 | 20M | 12M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of WCN | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 8,103,010 | 3.21% | $1.35B | 0.06% | Jun 30, 2026 |
| Vanguard Mid-Cap Index Fund | 5,530,296 | 2.19% | $921.85M | 0.41% | Jun 30, 2026 |
| Vanguard Total International Stock Index Fund | 3,708,121 | 1.47% | $870.82M | 0.10% | Jul 31, 2026 |
| Vanguard Growth Index Fund | 3,083,469 | 1.22% | $513.98M | 0.14% | Jun 30, 2026 |
| Vanguard Developed Markets Index Fund | 2,459,852 | 0.98% | $581.48M | 0.13% | Jun 30, 2026 |
| Washington Mutual Investors Fund | 2,262,759 | 0.90% | $378.74M | 0.17% | Jul 31, 2026 |
| Vanguard Mid-Cap Growth Index Fund | 1,955,403 | 0.78% | $325.95M | 0.94% | Jun 30, 2026 |
| American Funds Fundamental Investors | 1,944,850 | 0.77% | $324.19M | 0.18% | Jun 30, 2026 |
| iShares MSCI USA Min Vol Factor ETF | 1,764,905 | 0.70% | $295.41M | 1.25% | Jul 31, 2026 |
| WCM Focused International Growth Fund | 1,513,720 | 0.60% | $252.32M | 1.12% | Jun 30, 2026 |
| T. Rowe Price Dividend Growth Fund, Inc. | 1,376,760 | 0.55% | $229.49M | 0.97% | Jun 30, 2026 |
| Fidelity Advisor International Capital Appreciation Fund | 1,258,097 | 0.50% | $150.34M | 1.17% | Jul 31, 2026 |
| Fidelity Series Overseas Fund | 1,214,300 | 0.48% | $145.11M | 1.15% | Jul 31, 2026 |
| JPMorgan BetaBuilders Canada ETF | 901,712 | 0.36% | $107.75M | 1.39% | Jul 31, 2026 |
| Nomura Large Cap Growth Fund | 720,377 | 0.29% | $120.08M | 1.93% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Ronald J. Mittelstaedt | President & CEO, Director | 301,017 | 0.12% | May 13, 2026 |
| Iii Robert Nielsen | SR VP Operations | 3,250 | 0.00% | Aug 21, 2026 |
| Philip Rivard | SR VP Business Development | 734 | 0.00% | Aug 20, 2026 |
| Susan Netherton | SR VP People, Training & Dev | 12,980 | 0.01% | Aug 17, 2026 |
| Derek M. Dague | SR VP PERFORMANCE OPTIMIZATION | 1,773 | 0.00% | Aug 4, 2026 |
| Robert Michael Cloninger | SR VP, Deputy General Counsel | 16,192 | 0.01% | Jul 30, 2026 |
| Matthew Stephen Black | Sr VP Chief Tax Officer | 43,772 | 0.02% | Jul 2, 2026 |
| Jason Craft | Executive Vice President & COO | 32,915 | 0.01% | Jul 2, 2026 |
| Domenic Pio | SR VP Operations | 9,188 | 0.00% | Jul 2, 2026 |
| Aaron Bradley | SR VP PERFORMANCE OPTIMIZATION | 8,624 | 0.00% | Jul 2, 2026 |
| Patrick James Shea | Exec VP, General Counsel & Sec | 19,942 | 0.01% | Jun 9, 2026 |
| Eric Hansen | Senior Vice President and CIO | 13,370 | 0.01% | May 4, 2026 |
| James Little | Executive VP Engineering | 48,436 | 0.02% | Apr 29, 2026 |
| Derek Tan | SR VP Chief Accounting Officer | 1,404 | 0.00% | Mar 6, 2026 |
| Mary Anne Whitney | Executive Vice President & CFO | 62,435 | 0.02% | Feb 20, 2026 |
| Darrell W. Chambliss | EVP & COO | 92,000 | 0.04% | Jun 10, 2025 |
| Daniel L. Florness | Director | 332 | 0.00% | Apr 3, 2026 |
| Cherylyn Harley LeBon | Director | 848 | 0.00% | Feb 18, 2026 |
| Michael W. Harlan | Director | 8,575 | 0.00% | Feb 18, 2026 |
| Andrea E. Bertone | Director | 288 | 0.00% | Feb 18, 2026 |
| Susan Lee | Director | 12,354 | 0.00% | Feb 18, 2026 |
| Edward E. Guillet | Director | 15,321 | 0.01% | Feb 18, 2026 |
| Carl Sparks | Director | 878 | 0.00% | Feb 18, 2026 |
| Elise Lipman Jordan | Director | 3,374 | 0.00% | Feb 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Iii Robert Nielsen SR VP Operations | Aug 19, 2026 | Sale | −700 | $170.00 | $119.00K | 3,250 |
| Philip Rivard SR VP Business Development | Aug 18, 2026 | Sale | −2,500 | $166.57 | $416.43K | 734 |
| Susan Netherton SR VP People, Training & Dev | Aug 13, 2026 | Sale | −1,750 | $166.00 | $290.50K | 12,980 |
| Iii Robert Nielsen SR VP Operations | Jul 29, 2026 | Sale | −300 | $173.10 | $51.93K | 3,950 |
| Robert Michael Cloninger SR VP, Deputy General Counsel | Jul 28, 2026 | Sale | −2,573 | $171.00 | $439.98K | 11,904 |
| Robert Michael Cloninger SR VP, Deputy General Counsel | Jul 28, 2026 | Sale | −238 | $171.33 | $40.78K | 11,666 |
| Aaron Bradley SR VP PERFORMANCE OPTIMIZATION | Jun 30, 2026 | Other | +42 | $158.36 | $6.65K | 8,624 |
| Matthew Stephen Black Sr VP Chief Tax Officer | Jun 30, 2026 | Other | +16 | $158.36 | $2.53K | 43,530 |
| Domenic Pio SR VP Operations | Jun 30, 2026 | Other | +95 | $158.36 | $15.04K | 9,188 |
| Jason Craft Executive Vice President & COO | Jun 30, 2026 | Other | +54 | $158.36 | $8.55K | 32,915 |
| Patrick James Shea Exec VP, General Counsel & Sec | Jun 9, 2026 | Gift | −100 | – | – | 19,622 |
| Patrick James Shea Exec VP, General Counsel & Sec | Jun 8, 2026 | Gift | −15 | – | – | 19,722 |
| Patrick James Shea Exec VP, General Counsel & Sec | Jun 5, 2026 | Sale | −7,500 | $156.26 | $1.17M | 19,737 |
| Jason Craft Executive Vice President & COO | Jun 5, 2026 | Sale | −1,500 | $156.59 | $234.89K | 32,861 |
| Iii Robert Nielsen SR VP Operations | May 14, 2026 | Sale | −500 | $155.56 | $77.78K | 4,250 |
| Iii Robert Nielsen SR VP Operations | May 13, 2026 | Sale | −290 | $151.00 | $43.79K | 4,750 |
| Iii Robert Nielsen SR VP Operations | May 12, 2026 | Sale | −337 | $153.00 | $51.56K | 5,040 |
| Ronald J. Mittelstaedt President & CEO, Director | May 12, 2026 | Buy | +50,000 | $152.24 | $7.61M | 301,017 |
| Eric Hansen Senior Vice President and CIO | Apr 30, 2026 | Sale | −6,000 | $164.82 | $988.92K | 13,350 |
| James Little Executive VP Engineering | Apr 27, 2026 | Sale | −2,605 | $163.98 | $427.17K | 34,395 |
| Daniel L. Florness Director | Apr 1, 2026 | Option exercise | +332 | – | – | 332 |
| Daniel L. Florness Director | Apr 1, 2026 | Tax withholding | −178 | $162.98 | $29.01K | 154 |
| Derek Tan SR VP Chief Accounting Officer | Mar 4, 2026 | Sale | −1,173 | $171.03 | $200.62K | 1,404 |
| Iii Robert Nielsen SR VP Operations | Feb 18, 2026 | Option exercise | +801 | – | – | 5,693 |
| Iii Robert Nielsen SR VP Operations | Feb 18, 2026 | Tax withholding | −316 | $162.76 | $51.43K | 5,377 |
| Aaron Bradley SR VP PERFORMANCE OPTIMIZATION | Feb 18, 2026 | Tax withholding | −122 | $162.76 | $19.86K | 8,582 |
| Aaron Bradley SR VP PERFORMANCE OPTIMIZATION | Feb 18, 2026 | Option exercise | +310 | – | – | 8,704 |
| Robert Michael Cloninger SR VP, Deputy General Counsel | Feb 18, 2026 | Option exercise | +635 | – | – | 14,727 |
| Robert Michael Cloninger SR VP, Deputy General Counsel | Feb 18, 2026 | Tax withholding | −250 | $162.76 | $40.69K | 14,477 |
| Mary Anne Whitney Executive Vice President & CFO | Feb 18, 2026 | Tax withholding | −566 | $162.76 | $92.12K | 62,435 |
| Mary Anne Whitney Executive Vice President & CFO | Feb 18, 2026 | Option exercise | +1,436 | – | – | 63,001 |
| Jason Craft Executive Vice President & COO | Feb 18, 2026 | Option exercise | +842 | – | – | 34,693 |
| Jason Craft Executive Vice President & COO | Feb 18, 2026 | Tax withholding | −332 | $162.76 | $54.04K | 34,361 |
| Philip Rivard SR VP Business Development | Feb 18, 2026 | Tax withholding | −252 | $162.76 | $41.02K | 3,234 |
| Philip Rivard SR VP Business Development | Feb 18, 2026 | Option exercise | +640 | – | – | 3,486 |
| Susan Netherton SR VP People, Training & Dev | Feb 18, 2026 | Option exercise | +635 | – | – | 14,980 |
| Susan Netherton SR VP People, Training & Dev | Feb 18, 2026 | Tax withholding | −250 | $162.76 | $40.69K | 14,730 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 18, 2026 | Tax withholding | −346 | $162.76 | $56.31K | 251,017 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 18, 2026 | Option exercise | +878 | – | – | 251,363 |
| Eric Hansen Senior Vice President and CIO | Feb 18, 2026 | Tax withholding | −297 | $162.76 | $48.34K | 19,350 |
| Eric Hansen Senior Vice President and CIO | Feb 18, 2026 | Option exercise | +754 | – | – | 19,647 |
| Patrick James Shea Exec VP, General Counsel & Sec | Feb 18, 2026 | Tax withholding | −494 | $162.76 | $80.40K | 27,237 |
| Patrick James Shea Exec VP, General Counsel & Sec | Feb 18, 2026 | Option exercise | +1,255 | – | – | 27,731 |
| Matthew Stephen Black Sr VP Chief Tax Officer | Feb 18, 2026 | Tax withholding | −317 | $162.76 | $51.59K | 43,514 |
| Matthew Stephen Black Sr VP Chief Tax Officer | Feb 18, 2026 | Option exercise | +804 | – | – | 43,831 |
| James Little Executive VP Engineering | Feb 18, 2026 | Option exercise | +1,224 | – | – | 37,482 |
| James Little Executive VP Engineering | Feb 18, 2026 | Tax withholding | −482 | $162.76 | $78.45K | 37,000 |
| James Little Executive VP Engineering | Feb 17, 2026 | Option exercise | +916 | – | – | 32,821 |
| James Little Executive VP Engineering | Feb 17, 2026 | Tax withholding | −361 | $161.28 | $58.22K | 32,460 |
| James Little Executive VP Engineering | Feb 17, 2026 | Option exercise | +5,111 | – | – | 37,571 |
| James Little Executive VP Engineering | Feb 17, 2026 | Tax withholding | −1,313 | $161.28 | $211.76K | 36,258 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 17, 2026 | Tax withholding | −1,008 | $161.28 | $162.57K | 242,460 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 17, 2026 | Option exercise | +2,561 | – | – | 243,468 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 17, 2026 | Tax withholding | −4,264 | $161.28 | $687.70K | 249,030 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 17, 2026 | Option exercise | +10,834 | – | – | 253,294 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 17, 2026 | Tax withholding | −181 | $161.28 | $29.19K | 250,485 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 17, 2026 | Option exercise | +459 | – | – | 250,666 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 17, 2026 | Tax withholding | −764 | $161.28 | $123.22K | 250,207 |
| Ronald J. Mittelstaedt President & CEO, Director | Feb 17, 2026 | Option exercise | +1,941 | – | – | 250,971 |
| Philip Rivard SR VP Business Development | Feb 17, 2026 | Option exercise | +413 | – | – | 2,947 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Rivard Philip Officer | Aug 18, 2026 | 2,500 | $416.43K | Aug 18, 2026 | Restricted Stock |
| Netherton Susan Officer | Aug 13, 2026 | 1,750 | $290.50K | Aug 13, 2026 | Restricted Stock Vesting Under a Registered Plan |
| M. Cloninger Robert Officer | Jul 28, 2026 | 2,811 | $472.22K | Jul 28, 2026 | Stock Bonus |
| J. Shea Patrick Officer | Jun 5, 2026 | 7,500 | $1.17M | Jun 5, 2026 | Restricted Share Unit Vesting |
| J. Craft Jason Officer | Jun 5, 2026 | 1,500 | $234.89K | Jun 5, 2026 | Performance Shares |
| Hansen Eric Officer | Apr 27, 2026 | 6,000 | $984.00K | Apr 27, 2026 | Executive Compensation |
| And Michelle Little Rev Liv Tr James Officer | Apr 27, 2026 | 2,605 | $427.17K | Apr 27, 2026 | Merger/Acquisition |
| Tan Derek Employee | Mar 4, 2026 | 1,174 | $201.00K | Mar 4, 2026 | Stock Bonus |
| Edward E. Guillet Director | Oct 28, 2025 | 9,000 | $1.57M | Oct 28, 2025 | Merger/Acquisition |
| Patrick James Shea Officer | Aug 12, 2025 | 5,000 | $952.40K | Aug 12, 2025 | Restricted Share Unit Vesting |
| Netherton Susan Officer | Jul 29, 2025 | 1,500 | $286.68K | Jul 29, 2025 | Restricted stock vesting under a registered plan |
| Chambliss Darrell Officer | Mar 10, 2025 | 13,566 | $2.55M | Mar 10, 2025 | Restricted stock vesting under a registered plan |
| M. Little & M. L. Little Co-Tteejames And Michelle Little Rev Liv Tu/Dec Dtd 11/30/2012 J Officer | Mar 4, 2025 | 4,200 | $806.48K | Mar 4, 2025 | Merger/Acquisition |
| Pio Domenico Officer | Mar 3, 2025 | 10,000 | $1.91M | Mar 3, 2025 | Restricted Stock |
| E. Bertone Andrea Director | Feb 26, 2025 | 283 | $52.28K | Feb 26, 2025 | Restricted Stock |