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
↓ -8
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — WM

Based on 2357 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their WM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
2,357 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 — +7% more funds vs a year ago

fund count last 6Q
+157 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

1102 buying1095 selling
Last quarter: 1,102 funds bought or added vs 1,095 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: 131 → 290 → 227 → 163. 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.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 15% medium ■ 15% new
1,655 out of 2,357 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.
💎

Buying through price weakness — shares +38%, value -2%

Value
-2%
Shares
+38%
Last quarter: funds added +38% more shares while total portfolio value only changed -2%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~163 new funds/quarter

178 → 131 → 290 → 227 → 163 new funds/Q
New funds entering each quarter: 131 → 290 → 227 → 163. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 72% veterans vs 17% newcomers

■ 72% veterans ■ 11% 1-2yr ■ 17% new
Entry-cohort mix of 2,398 holders: 1,721 (72%) are 2+ year veterans, 275 entered 1–2 years ago, and 402 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
71 of 2346 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in WM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
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 Q2, 1102 hedge funds were net buyers of WM (163 opened a new position, 939 added to an existing one), while 1095 reduced or exited (924 trimmed, 171 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 51% of total institutional value in WM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -8 funds (more exits than new entries). Total institutional holders: 2357.

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 Q2 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 June 30, 2026 · 61d ago
WM
-1.4%
XLI
-4.4%

WM outperformed XLI by +3.0% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 16d ago
WM
-2.2%
XLI
-5.0%

Since the filing became public, WM outperformed XLI by +2.8% .

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.

69 top-rated funds 22 high-conviction
Consensus
8.0
/ 10
breadth
×
Elite
4.3
/ 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 Q2) Prior (2026 Q1) Change
Funds Holding 2337 2365 -1.18%
13F Shares 341M 335M 1.84%
Total Value $72.43B $74.57B -2.87%
New Positions 161 227 -66
Increased Positions 923 946 -23
Closed Positions 178 156 +22
Reduced Positions 913 820 +93
Total Calls 25 27 -7.41%
Total Puts 24 24 -
PUT/CALL Ratio 0.96 0.89 Neutral

Statistics: WM

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Valuation Measures Data as of: --

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Enterprise Value --
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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 Q2)

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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Morgan Stanley Institutional Investment Advisors LLC 30.12% 1,446,874 $322.5M
2 Gates Foundation Trust 17.30% 26,720,744 $5.96B
3 Ecofi Investissements SA 11.87% 14,900 $3.3M
4 TLW Wealth Management, LLC 6.68% 52,959 $11.8M
5 Chapman Investment Management, LLC 5.00% 27,173 $6.1M
6 Sustainable Growth Advisers, LP 4.51% 2,061,651 $459.5M
7 PICTET BANK & TRUST Ltd 3.80% 15,900 $3.5M
8 Ycg, LLC 3.78% 192,912 $43.0M
9 Westchester Capital Management, Inc. 3.56% 88,590 $19.7M
10 Atwater Malick LLC 3.47% 71,452 $15.9M
11 Jensen Investment Management Inc 3.41% 631,052 $140.6M
12 Jericho Financial, LLP 3.37% 29,189 $6.5M
13 Kimelman & Baird, LLC 3.31% 200,490 $44.7M
14 Palmer Knight Co 3.19% 37,157 $8.3M
15 Mirova US LLC 3.15% 1,312,962 $292.6M
16 McDonough Capital Management, Inc 3.14% 28,178 $6.3M
17 HFR Wealth Management, LLC 3.04% 55,935 $12.5M
18 DLK Investment Management, LLC 3.03% 33,400 $7.1M
19 Miramar Capital, LLC 2.87% 58,612 $13.1M
20 Parnassus Investments, LLC 2.85% 4,792,005 $1.07B
21 Titan Investment Solutions Ltd 2.83% 113,585 $25.3M
22 Edge Wealth Management LLC 2.83% 75,437 $16.8M
23 Sitrin Capital Management LLC 2.72% 27,493 $6.1M
24 Goodman Financial Corp 2.71% 78,720 $17.5M
25 TCTC Holdings, LLC 2.67% 456,674 $101.8M
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their WM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for WM?

Slight buying edge — 50% buying: Last quarter: 1,102 funds bought or added vs 1,095 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?

Elite ownership — 51% AUM from top-100 funds: 71 of 2346 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in WM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held WM?

70% of holders stayed for 2+ years: 1,655 out of 2,357 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 Q2 hedge fund 13F filings?

As of today, WM has moved -2.2% since the 2026 Q2 13F filing date (August 14, 2026), compared to -5.0% for the XLI sector ETF — an outperformance of +2.8%. Since the quarter end (June 30, 2026), WM has gained -1.4% vs -4.4% 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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