Casella Waste Systems

CWST • NASDAQ

Casella Waste Systems is a waste management company in the industrials sector on NASDAQ, led by Edmond R. Coletta, with a market cap of $6.3B. As of Q3 2025, 104% of shares are held by 379 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.44%.

Chief Executive OfficerEdmond R. Coletta

Market Cap$6.3B

Waste Management

Industrials

Employees4.2K

Websitecasella.com

Country

United States of America

Overview

Overview of institutional ownership in CWST as of Q3 2025 with a market cap of $6.0B

All Institutions

Institutions: 379
Value Held: $6.3B
Shares Held: 66.3M
Avg Position: $16.6M
Median Position: $764.5K

Hedge Funds

Hedge Funds: 31
Value Held: $137.0M
Shares Held: 1.4M
Avg Position: $4.4M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

102.16%

$6.2B

Hedge Funds

2.27%

$137.0M

Retail & Other

Based on market cap of $6.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CWST as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$568.7M 0.01% of portfolio	9.44% 6.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$433.2M 0.01% of portfolio	7.19% 4.6M shares	Q1 2016 Held for 9y 8m	$5.67T
WASATCH ADVISORS INC Long Only Manager	Michael Kenneth Yeates CEO	$351.9M 1.89% of portfolio	5.84% 3.7M shares	Q1 2024 Held for 1y 8m	$18.6B
Conestoga Capital Advisors, LLC Long Only Manager	Joseph Francis Monahan Partner	$272.9M 4.38% of portfolio	4.53% 2.9M shares	Q3 2019 Held for 6y 2m	$6.2B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$228.1M 0.04% of portfolio	3.79% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$190.8M 0.04% of portfolio	3.17% 2.0M shares	Q4 2023 Held for 1y 11m	$532.36B
C Capital International Investors Institution	-	$185.7M 0.03% of portfolio	3.08% 2.0M shares	Q2 2024 Held for 1y 5m	$615.90B
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	Brent Walker Gledhill CEO	$171.7M 0.44% of portfolio	2.85% 1.8M shares	Q3 2018 Held for 7y 2m	$38.7B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$162.0M 0.10% of portfolio	2.69% 1.7M shares	Q2 2023 Held for 2y 5m	$161.58B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$157.1M 0.01% of portfolio	2.61% 1.7M shares	Q4 2015 Held for 9y 11m	$1.56T

Net Capital Flow

Institutional buying and selling activity for CWST in Q3 2025

Traded: +$316.4M
Buyers: 206
Sellers: 170
Total Bought: +$626.2M
Total Sold: −$309.8M
Avg Position: $14.7M

Biggest Buyers

Institution	Net Bought	Current Position
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$62.7M +660.6K shares	$162.0M 1.7M shares
Capital Research Global Investors RIA/Wealth	+$53.8M +566.9K shares	$190.8M 2.0M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$30.1M +317.2K shares	$131.9M 1.4M shares
WASATCH ADVISORS INC Long Only Manager	+$28.1M +296.4K shares	$351.9M 3.7M shares
GOLDMAN SACHS GROUP INC Institution	+$22.9M +241.8K shares	$84.1M 886.6K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$21.3M +224.7K shares	$50.9M 536.4K shares
Z Zimmer Partners, LP Hedge Fund•Long/Short	+$21.0M +221.5K shares	$35.1M 370.0K shares
Conestoga Capital Advisors, LLC Long Only Manager	+$18.6M +195.9K shares	$272.9M 2.9M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$16.6M +174.9K shares	$44.1M 464.6K shares
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	+$16.3M +172.2K shares	$119.2M 1.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
FRANKLIN RESOURCES INC Institution	−$25.4M −267.3K shares	$36.5M 384.9K shares
AMERIPRISE FINANCIAL INC Institution	−$23.1M −243.6K shares	$101.2M 1.1M shares
Bank of New York Mellon Corp Institution	−$22.0M −231.9K shares	$24.1M 253.7K shares
Invesco Ltd. ETF Provider	−$18.4M −193.8K shares	$228.1M 2.4M shares
Visualize Group LP Hedge Fund•Multi-Strategy	−$15.1M −19.7K shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$14.2M −150.1K shares	$23.6M 248.9K shares
J JANE STREET GROUP, LLC Institution	−$12.0M −126.1K shares	$7.6M 80.0K shares
F FRED ALGER MANAGEMENT INC Long Only Manager	−$10.8M −114.2K shares	$53.3M 561.9K shares
R ROYAL BANK OF CANADA Institution	−$10.2M −107.3K shares	$24.2M 255.0K shares
S Standard Life Aberdeen plc Institution	−$9.4M −98.7K shares	$9.9M 104.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CWST in Q3 2025

New Positions: 30
New Value: $21.7M
Exited Positions: 47
Exited Value: $40.9M

New Positions

Institution	Position Value
OSTERWEIS CAPITAL MANAGEMENT INC Long Only Manager	$11.7M 123.2K shares
Morningstar Investment Management LLC Long Only Manager	$3.3M 34.6K shares
Pacific Capital Partners Ltd RIA/Wealth	$3.1M 32.5K shares
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	$656.8K 6.9K shares
P Premier Fund Managers Ltd Institution	$539.4K 5.7K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$360.0K 3.8K shares
Counterpoint Mutual Funds LLC ETF Provider	$333.1K 3.5K shares
G Ground Swell Capital, LLC Hedge Fund•Multi-Strategy	$291.5K 3.1K shares
D DRW Securities, LLC Institution	$279.0K 2.9K shares
B Bayesian Capital Management, LP Hedge Fund•Quant	$266.7K 2.8K shares

Exited Positions

Institution	Previous Position
Visualize Group LP Hedge Fund•Multi-Strategy	$15.1M 19.7K shares
CASTLEARK MANAGEMENT LLC Long Only Manager	$6.8M 58.8K shares
H HSBC HOLDINGS PLC Institution	$2.4M 20.8K shares
Valmark Advisers, Inc. RIA/Wealth	$1.7M 15.1K shares
ZACKS INVESTMENT MANAGEMENT RIA/Wealth	$1.5M 13.4K shares
OCCUDO QUANTITATIVE STRATEGIES LP Hedge Fund•Market Neutral	$1.3M 11.3K shares
Trexquant Investment LP Hedge Fund•Quant	$1.3M 11.2K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$988.1K 8.6K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$876.7K 7.6K shares
Genesee Capital Advisors, LLC RIA/Wealth	$809.7K 7.0K shares

Options Activity

Institutions with the largest Call and Put options positions in CWST as of Q3 2025

Call Positions: 3
Call Value: $1.8M
Put Positions: 2
Put Value: $379.5K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$721.1K 76.0 contracts
J JANE STREET GROUP, LLC Institution	$692.6K 73.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$427.0K 45.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$379.5K 40.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

Institutions with CWST as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F Forge First Asset Management Inc. Institution	-	7.36% $15.4M	0.25% 161.7K shares	Q3 2025 Held for 2 months	$208.7M
Conestoga Capital Advisors, LLC Long Only Manager	Joseph Francis Monahan Partner	4.38% $272.9M	4.53% 2.9M shares	Q3 2019 Held for 6y 2m	$6.2B
R.P. Boggs & Co. Wealth Mangement RIA/Wealth	Robert Paul Boggs President	3.61% $8.0M	0.13% 83.9K shares	Q1 2023 Held for 2y 8m	$220.5M
Pacific Capital Partners Ltd RIA/Wealth	Chad T Willardson President	3.43% $3.1M	0.05% 32.5K shares	Q3 2025 Held for 2 months	$89.8M
Global Alpha Capital Management Ltd. Long Only Manager	Robert Beauregard President	3.11% $54.5M	0.90% 574.0K shares	Q4 2023 Held for 1y 11m	$1.7B
K KRAEMATON INVESTMENT ADVISORS, INC RIA/Wealth	Gregory Todd Clinton President	3.03% $3.5M	0.06% 37.3K shares	Q4 2021 Held for 3y 11m	$116.9M
S Summit Creek Advisors LLC Long Only Manager	Adam Nathan Benson Managing Partner	2.91% $19.9M	0.33% 210.2K shares	Q3 2024 Held for 1y 2m	$686.1M
Ranger Investment Management, L.P. Long Only Manager	Andrew Ferguson Hill President	2.29% $32.8M	0.54% 346.0K shares	Q3 2022 Held for 3y 2m	$1.4B
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	Jose Manuel Munoz Quiroga Managing Partner	2.04% $119.2M	1.98% 1.3M shares	Q1 2023 Held for 2y 8m	$5.8B
WASATCH ADVISORS INC Long Only Manager	Michael Kenneth Yeates CEO	1.89% $351.9M	5.84% 3.7M shares	Q1 2024 Held for 1y 8m	$18.6B

Hedge Fund Spotlight

Discover hedge funds investing in CWST

Freestone Grove Partners LP

Hedge Fund • Multi-Strategy

Portfolio ManagerTodd Keefe Barker

Portfolio Value: $13.5B
Positions: 680
Last Reported: Q3 2025

Sector Allocation

Position in Casella Waste Systems

Market Value: $360.0K
Shares Held: 3.8K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Vanguard S&P 500 ETF VOO	ETF ETF	$828.1M	6.16%
2 iShares Core S&P 500 ETF IVV	ETF ETF	$201.2M	1.50%
3 Weyerhaeuser WY	REIT - Specialty Real Estate	$166.0M	1.23%