WM · NYSE · CIK 0000823768
Waste Management, Inc.
No equity stake in another company appears in Waste Management, Inc.'s filings. That is the sourced answer, not a hole in the research.
Waste Management, Inc. - Profile
- Sector
- IndustrialsGICS
- Industry
- Refuse SystemsSIC 4953
- Listed on
- NYSE
- Employees
- 43,000stated 2015
- Incorporated in
- Delaware
- Financial year ends
- 31 December
Source
Address, industry classification, listing and incorporation come from Waste Management, Inc.'s own SEC filer record, so the industry is the SEC's dry classification rather than a marketing label. The website comes from Wikidata. The headcount is the figure Wikidata carries for 2015, not a figure this site has verified against a filing. The description is the opening paragraph of its Wikipedia article, used under CC BY-SA 4.0.
Share price
WM
Description
Waste Management, Inc., doing business as WM or WV, is a waste management company operating in North America. Founded in 1968, the company is headquartered in the Bank of America Tower in Houston, Texas. The company's network includes 337 transfer stations, 254 active landfills, 97 recycling plants, 135 landfill gas utilization projects, and six power plants. WM serves approximately 21 million residential, industrial, municipal, and commercial customers across the United States, Canada, and Puerto Rico. The company operates the industry's largest trucking fleet, with 26,000 collection and transfer vehicles.
Who owns Waste Management, Inc..
sized by
modelled, reported or pending
Select a row or a slice for its provenance: the filing it came from, when it was measured, and the arithmetic behind it if it was modelled.
The full register, from 13F filings
The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 2,323 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.
2,323 managers reported a position, together holding 329.9m shares, or 82.1% of the company. The 40 largest are listed. Percentages are of the 401.6m shares outstanding at 24 Apr 2026, the count in force when this quarter was measured rather than the count today.
Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.
What a reader needs to know to read these numbers
- Waste Management does not file Form 13F under CIK 0000823768. The complete EDGAR submissions JSON for this CIK (checked 17 August 2026) contains no 13F-HR or 13F-NT of any vintage among its form types, consistent with WM being an operating company rather than an institutional investment manager.
- The holdings list is empty and that is the sourced finding, not a gap. The FY2025 Form 10-K (period ended 31 December 2025, filed 9 February 2026) and the Q2 FY2026 Form 10-Q (period ended 30 June 2026, filed 29 July 2026) were fetched and searched for 'equity method', 'investments in unconsolidated entities', 'joint venture', 'non-marketable', 'nonmarketable', 'measurement alternative', 'unrealized gain', 'cost method', 'strategic investment', 'minority investment' and 'venture capital'. The only line item found is a single combined balance sheet caption, 'Investments in unconsolidated entities': $738 million as of 30 June 2026 and $779 million as of 31 December 2025 (down from $846 million at 31 December 2024).
- The FY2025 10-K breaks the $779 million balance down by ACCOUNTING METHOD, not by investee: equity method investments $98 million (2025) vs $86 million (2024); investments qualifying for proportional amortization method $624 million (2025) vs $707 million (2024); investments without readily determinable fair values (accounted for under the measurement alternative: cost minus impairment, plus or minus observable price changes) $57 million (2025) vs $53 million (2024). No individual investee name, ownership percentage or per-position carrying value is disclosed anywhere in either filing, so per the brief each affected holding is recorded as null rather than invented; the combined figures are recorded here instead.
- The $624 million proportional-amortization piece is overwhelmingly investments in low-income housing tax-credit partnerships, a tax and financing vehicle rather than a strategic equity stake in an operating company; WM does not consolidate these because it is not the primary beneficiary. The $98 million equity-method piece and $57 million measurement-alternative piece are the most plausible homes for WM's minority stakes in waste-diversion, recycling and renewable-energy technology businesses referenced narratively in the 10-K's impairment and divestiture disclosures (a $54 million fair-value charge in 2024 tied to 'an investment the Company holds in a waste diversion technology business', a $14 million 2024 loss on 'divestiture of a minority investment in a medical waste company' concurrent with the Stericycle acquisition, and $107 million of 2023 impairment charges 'for certain investments in waste diversion technology businesses') but none of these businesses is named in the filings, and the 2024 items describe positions already impaired or divested by the time of this research.
- Stericycle was acquired outright on 4 November 2024 for $62.00 per share in cash (total enterprise value $7.2 billion), pursuant to a merger agreement dated 3 June 2024. It is a wholly owned operating subsidiary within the Healthcare Solutions segment and is excluded from holdings per the brief.
- Waste Management has a single class of common stock, $0.01 par value, one vote per share. There is no dual-class structure and no founder control block.
- Register denominators, kept apart per the brief: the 30 June 2026 13F rows (BlackRock, State Street, Geode, Morgan Stanley, JPMorgan, FMR) use 399,715,184 shares outstanding, from the Q2 FY2026 10-Q cover as of 24 July 2026. The Vanguard row is for the quarter ended 31 December 2025 (Vanguard's own CIK 0000102909 filed Form 13F-NT, a notice only, for the quarters ended 31 March 2026 and 30 June 2026, so no more recent Vanguard share count is available under this CIK) and its percentage uses 403,335,781 shares outstanding from the FY2025 10-K cover as of 5 February 2026. The Gates Foundation Trust / William H. Gates III row uses the Schedule 13G/A's own denominator of 402,867,051 shares, which the filing itself sources to WM's 10-Q filed 28 October 2025. The four insider rows use the 2026 proxy statement's own denominator of 402,913,509 shares as of the 17 March 2026 record date.
- Proxy disagreement, recorded rather than resolved. The 2026 DEF 14A's own 'Security Ownership of Certain Beneficial Owners' table lists Vanguard at 36,159,856 shares (9.0 percent) and BlackRock at 28,665,838 shares (7.1 percent), both sourced by the proxy to Schedule 13G/A filings from January and February 2024 respectively, which are stale relative to each manager's own 30 June 2026 (BlackRock) and 31 December 2025 (Vanguard) Form 13F-HR figures used in the register above. The register uses the managers' own, more recent 13F data.
- The market capitalisation of $89.76 billion is the rounded figure published by stockanalysis.com as of 14 August 2026, at a closing price of $224.55. Cross-check: 399,715,184 shares x $224.55 implies approximately $89.76 billion, consistent.
- Insider rows overlap. 'All directors and currently-serving executive officers as a group (20 persons)' (1,035,250 shares: 732,829 owned plus 302,421 under exercisable options) contains the individually listed insiders (Fish, Morris, Rankin) above and must not be summed with them; it is marked as an aggregate with residual_label for members not individually named.
Looked for, not found
Recorded rather than filled in. Each of these is a place where a number could have been invented and was not.
- Whether any specific, named company sits inside the $98 million 'equity method investments' line or the $57 million 'investments without readily determinable fair values' line in the FY2025 10-K's unconsolidated-entities table. Searched Note 2 (accounting policy) and the unconsolidated-entities note in the FY2025 10-K and the equivalent condensed note in the Q2 FY2026 10-Q; neither names a counterparty or discloses a per-position value or ownership percentage.
- WM's Q3 FY2026 10-Q, covering the quarter ending on or about 30 September 2026, was not yet filed as of 17 August 2026 (checked against the EDGAR submissions feed for CIK 0000823768). Any equity position taken or resized during that quarter would not yet be visible.
- A March 2026 press item (nationaltoday.com, citing an institutional filing) reported that Capital Research Global Investors grew its WM stake by 23.4 percent in Q3 2025 to just over 2 million shares (about 0.5 percent). This could not be independently verified against a primary Form 13F-HR filing within the time budget and is not included in the register; it would not change the top-holder ranking in any case.
- No sovereign wealth fund position (e.g. Norges Bank) could be sourced. Sovereign funds typically hold WM through global index mandates and, like most non-US institutions, do not file Form 13F, so no primary share count is available by that route within the time budget.
- Capital Group / Capital Research and T. Rowe Price 13F positions were not looked up individually within the time budget; only the seven managers named in the brief (Vanguard, BlackRock, State Street, Geode, FMR, Morgan Stanley, JPMorgan) plus the proxy's 5-percent-and-above and insider disclosures were pulled for the register.