Waste Connections, Inc. (WCN)

Corporate structure

485 entities across 42 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-12 — see the exhibit.

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Six-year record

Ownership flow

16 institutions tracked — 5 added, 8 reduced, 1 opened a new position, 1 sold out. Index money added 378,681 shares while active managers cut 3,210,323.

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Other refuse systems companies

Waste Connections, Inc. files under SIC 4953 — all 6 refuse systems companies compared on assets and F-score.

Questions about Waste Connections, Inc.

How many subsidiaries does Waste Connections, Inc. file with the SEC?

485, listed in its most recent exhibit 21. They are incorporated across 42 jurisdictions, led by Colorado, California, Delaware. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Waste Connections, Inc. financially healthy?

Waste Connections, Inc. scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Waste Connections, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), FMR LLC (trimming), AQR CAPITAL MANAGEMENT LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.