Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Waste Mgmt Inc Del (WM)

2K + Investors. Track Smart Money conviction in WM. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +71
Streak
2Q ▲
Buyers last Q
54%

Smart Money Signals — WM

Based on 2362 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added WM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
2,362 hedge funds hold WM right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +10% more funds vs a year ago

fund count last 6Q
+207 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

1181 buying988 selling
Last quarter: 1,181 funds bought or added vs 988 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-64 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 175 → 131 → 290 → 226. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 17% medium ■ 15% new
1,607 out of 2,362 hedge funds have held WM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

225 → 175 → 131 → 290 → 226 new funds/Q
New funds entering each quarter: 175 → 131 → 290 → 226. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 69% veterans vs 19% newcomers

■ 69% veterans ■ 13% 1-2yr ■ 19% new
Entry-cohort mix of 2,404 holders: 1,647 (69%) are 2+ year veterans, 310 entered 1–2 years ago, and 447 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
68 of 2352 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — WM

In 2026 Q1, 1181 hedge funds were net buyers of WM (226 opened a new position, 955 added to an existing one), while 988 reduced or exited (833 trimmed, 155 sold completely) — a 54% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 39% of total institutional value in WM is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +71 funds (more new holders than closures). Total institutional holders: 2362.

Hedge Fund Ownership: WM

How many hedge funds hold WM — quarterly history vs. share price
Quarterly hedge fund ownership of WM vs. share price

Market Analysis: WM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WM

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Waste Mgmt Inc Del (WM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much WM has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 85d ago
WM
-2.4%
XLI
+12.0%

WM outperformed XLI by -14.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
WM
+2.5%
XLI
+5.6%

Since the filing became public, WM outperformed XLI by -3.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

112 top-rated funds 33 high-conviction
Consensus
8.9
/ 10
breadth
×
Elite
5.9
/ 10
conviction
Hedge Fund Positioning: WM
2K + Investors

Track Smart Money conviction in WM. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 2330 2291 1.7%
13F Shares 330M 330M 0.02%
Total Value $73.40B $71.79B 2.24%
New Positions 214 290 -76
Increased Positions 937 882 +55
Closed Positions 175 144 +31
Reduced Positions 811 779 +32
Total Calls 27 28 -3.57%
Total Puts 24 26 -7.69%
PUT/CALL Ratio 0.89 0.93 Neutral

Statistics: WM

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

2K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in WM. Verified SEC 13F-HR filings.

QUARTER:
Top 25 WM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Morgan Stanley Institutional Investment Advisors LLC 32.77% 1,479,273 $339.9M
2 Gates Foundation Trust 20.06% 27,642,344 $6.35B
3 TLW Wealth Management, LLC 7.31% 54,300 $12.5M
4 Ecofi Investissements SA 6.23% 14,900 $3.4M
5 4D Advisors, LLC 5.83% 40,000 $9.2M
6 Chapman Investment Management, LLC 5.36% 28,275 $6.5M
7 Shelter Rock Management, LLC 4.97% 20,381 $4.7M
8 PICTET BANK & TRUST Ltd 4.80% 15,900 $3.7M
9 Ycg, LLC 4.59% 220,662 $50.7M
10 Sustainable Growth Advisers, LP 4.37% 2,021,702 $464.6M
11 Atwater Malick LLC 4.36% 70,283 $16.2M
12 Palmer Knight Co 4.26% 37,955 $8.7M
13 Westchester Capital Management, Inc. 4.18% 90,325 $20.8M
14 Kimelman & Baird, LLC 3.91% 206,687 $47.5M
15 Mirova US LLC 3.55% 1,362,167 $313.0M
16 McDonough Capital Management, Inc 3.53% 28,104 $6.5M
17 Jericho Financial, LLP 3.45% 23,825 $5.5M
18 Gallo Partners, LP 3.39% 7,705 $1.8M
19 Parnassus Investments, LLC 3.35% 4,981,578 $1.14B
20 Titan Investment Solutions Ltd 3.23% 109,802 $25.2M
21 HFR Wealth Management, LLC 3.21% 56,945 $13.1M
22 Sitrin Capital Management LLC 3.21% 27,893 $6.4M
23 Baker Chad R 3.10% 71,535 $16.4M
24 Goodman Financial Corp 3.06% 77,365 $17.8M
25 DLK Investment Management, LLC 3.03% 33,382 $7.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Waste Mgmt Inc Del (WM)

What does the Smart Money Trend signal show for WM?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added WM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for WM?

Slight buying edge — 54% buying: Last quarter: 1,181 funds bought or added vs 988 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for WM holders?

Strong quality — 39% AUM from major funds: 68 of 2352 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held WM?

68% of holders stayed for 2+ years: 1,607 out of 2,362 hedge funds have held WM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Waste Mgmt Inc Del (WM) following the 2026 Q1 hedge fund 13F filings?

As of today, WM has moved +2.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.6% for the XLI sector ETF — an outperformance of -3.1%. Since the quarter end (March 31, 2026), WM has gained -2.4% vs +12.0% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →