Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Casella Waste Sys Inc (CWST)

393 + Investors. Track Smart Money conviction in CWST. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +9
Streak
2Q ▲
Buyers last Q
48%

Smart Money Signals — CWST

Based on 400 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 CWST 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
400 hedge funds hold CWST 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
+37 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.
🟠

More sellers than buyers — 48% buying

196 buying209 selling
Last quarter: 209 funds reduced or exited vs 196 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-21 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 52 → 56 → 88 → 67. 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.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 20% medium ■ 26% new
217 out of 400 hedge funds have held CWST 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.
💎

Buying through price weakness — shares -4%, value -25%

Value
-25%
Shares
-3%
Last quarter: funds added -4% more shares while total portfolio value only changed -25%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

54 → 52 → 56 → 88 → 67 new funds/Q
New funds entering each quarter: 52 → 56 → 88 → 67. A growing number of institutions are discovering CWST each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 61% veterans vs 28% newcomers

■ 61% veterans ■ 11% 1-2yr ■ 28% new
Entry-cohort mix of 403 holders: 245 (61%) are 2+ year veterans, 45 entered 1–2 years ago, and 113 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
56 of 399 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — CWST

In 2026 Q1, 196 hedge funds were net buyers of CWST (67 opened a new position, 129 added to an existing one), while 209 reduced or exited (151 trimmed, 58 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 35% of total institutional value in CWST is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +9 funds (more new holders than closures). Total institutional holders: 400.

Hedge Fund Ownership: CWST

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

Market Analysis: CWST

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CWST

-- --

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

Is It Too Late to Buy Casella Waste Sys Inc (CWST) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CWST 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 · 78d ago
CWST
+9.0%
XLI
+10.5%

CWST outperformed XLI by -1.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
CWST
+1.5%
XLI
+4.2%

Since the filing became public, CWST outperformed XLI by -2.7% .

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 ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

33 top-rated funds 2 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: CWST
393 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 393 391 0.51%
13F Shares 73M 76M -3.96%
Total Value $5.51B $7.38B -25.26%
New Positions 64 88 -24
Increased Positions 127 159 -32
Closed Positions 62 76 -14
Reduced Positions 148 95 +53
Total Calls 3 3 -
Total Puts 1 1 -
PUT/CALL Ratio 0.33 0.33 Bullish

Statistics: CWST

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Valuation Measures Data as of: --

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Enterprise Value --
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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)

393 + investors

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

QUARTER:
Top 25 CWST holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Hallstatt Advisors L.P. 10.38% 165,385 $13.1M
2 Conestoga Capital Advisors, LLC 4.44% 2,804,475 $222.5M
3 Catawba River Capital 3.41% 87,102 $7.1M
4 4D Advisors, LLC 3.27% 65,000 $5.2M
5 Summit Creek Advisors LLC 3.04% 186,780 $14.8M
6 Kraematon Investment Advisors, Inc 2.33% 36,142 $2.9M
7 Roubaix Capital, LLC 2.32% 62,772 $5.0M
8 Ranger Investment Management, L.P. 1.96% 341,689 $27.1M
9 Geneva Capital Management LLC 1.96% 1,163,087 $92.3M
10 Harvey Partners, LLC 1.78% 281,500 $22.3M
11 Global Alpha Capital Management Ltd. 1.56% 325,827 $25.9M
12 Wasatch Advisors LP 1.36% 2,582,220 $204.9M
13 SMA Capital LLC 1.20% 35,000 $2.8M
14 Rithm Capital Corp. 0.97% 8,250 $655K
15 Aristotle Capital Boston, LLC 0.97% 195,954 $15.5M
16 Granahan Investment Management, LLC 0.96% 250,262 $19.9M
17 Granite Investment Partners, LLC 0.80% 163,583 $13.0M
18 Silvercrest Asset Management Group LLC 0.72% 1,252,042 $99.3M
19 Formula Growth Ltd 0.61% 17,053 $1.4M
20 Osterweis Capital Management Inc 0.61% 148,270 $11.8M
21 Teton Advisors, LLC 0.55% 9,910 $786K
22 Future Fund LLC 0.54% 19,437 $1.5M
23 Brant Point Investment Management LLC 0.53% 52,043 $4.1M
24 Df Dent & Co Inc 0.50% 327,585 $26.0M
25 Zimmer Partners, LP 0.49% 257,694 $20.4M
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 — Casella Waste Sys Inc (CWST)

What does the Smart Money Trend signal show for CWST?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added CWST 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 CWST?

More sellers than buyers — 48% buying: Last quarter: 209 funds reduced or exited vs 196 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CWST holders?

Strong quality — 35% AUM from major funds: 56 of 399 holders rank in the top 100 by AUM, accounting for 35% 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 CWST?

54% of holders stayed for 2+ years: 217 out of 400 hedge funds have held CWST 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 Casella Waste Sys Inc (CWST) following the 2026 Q1 hedge fund 13F filings?

As of today, CWST has moved +1.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.2% for the XLI sector ETF — an outperformance of -2.7%. Since the quarter end (March 31, 2026), CWST has gained +9.0% vs +10.5% 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.

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