Waste Management Inc (WM) — 13F Holders Deep Dive (Q2 2026)

WM ranks #99 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

WM is a disclosed holding of Bill Gates (Gates Foundation Trust), one of the tracked superinvestors on AlphaSMO — it makes up 17.3% of that fund's own 13F portfolio.

WM is a top-conviction position for Morgan Stanley Institutional Investment Advisors LLC — at 30.1% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in WM belongs to BlackRock, Inc., but the position matters far more to Morgan Stanley Institutional Investment Advisors LLC, who has 30.1% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Mather Group, LLC. has added to its WM position for two straight quarters, increasing it by $6.0M to reach $6.5M today.

Vontobel Holding Ltd. has trimmed its WM position for two straight quarters, cutting it by $293.3M while still holding $379.2M.

WM is up 1.9% today, and institutions have been net buyers of $21.7B this quarter — today's price move and the underlying institutional flow are pointing the same direction.

WM posted net income of $2.9B over the trailing twelve months.

• Profitable — net income of $2.9B over the trailing twelve months
• Revenue grew 7.2% year over year
• Net income improved year over year, from $2.7B to $2.9B
• Generated $6.0B in positive operating cash flow
• Current ratio of 0.89x — below the conventional 1.5x liquidity buffer
• Liabilities run 3.59x equity — a highly leveraged balance sheet worth noting