Republic Services

RSG • NYSE

Republic Services is a waste management company in the industrials sector on NYSE, led by Jon Vander Ark, with a market cap of $66.6B. As of Q3 2025, 57% of shares are held by 1,237 institutional investors, with VANGUARD GROUP INC as the largest holder at 6.12%.

CEOJon Vander Ark

Market Cap$66.6B

Waste Management

Industrials

Employees41.0K

Websiterepublicservices.com

Country

United States of America

Overview

Overview of institutional ownership in RSG as of Q3 2025 with a market cap of $71.6B

All Institutions

Institutions: 1,237
Value Held: $41.0B
Shares Held: 179.0M
Avg Position: $33.2M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 72
Value Held: $1.8B
Shares Held: 7.8M
Avg Position: $25.0M
Median Position: $2.8M

Ownership Breakdown

Institutional (non-HF)

54.77%

$39.2B

Hedge Funds

2.51%

$1.8B

Retail & Other

42.72%

$30.6B

Based on market cap of $71.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RSG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$4.4B 0.07% of portfolio	6.12% 19.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$4.1B 0.07% of portfolio	5.68% 17.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.2B 0.08% of portfolio	3.05% 9.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
C Capital World Investors Institution	-	$1.6B 0.22% of portfolio	2.20% 6.9M shares	Q3 2015 Held for 10y 2m	$730.00B
FMR LLC Institution	-	$1.5B 0.08% of portfolio	2.06% 6.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$1.5B 0.16% of portfolio	2.03% 6.3M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.1B 0.07% of portfolio	1.55% 4.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Edmund Wellington Iii President	$978.2M 0.17% of portfolio	1.37% 4.3M shares	Q1 2017 Held for 8y 8m	$571.21B
Pictet Asset Management Holding SA Long Only Manager	Elizabeth Retta Dillon CEO	$925.0M 0.89% of portfolio	1.29% 4.0M shares	Q3 2023 Held for 2y 2m	$103.68B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$885.3M 0.05% of portfolio	1.24% 3.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for RSG in Q3 2025

Net Flow: −$48.2M
Buyers: 494
Sellers: 591
Total Bought: +$2.8B
Total Sold: −$2.8B
Avg Position: $31.6M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$385.9M +1.7M shares	$1.5B 6.4M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$304.9M +1.3M shares	$1.5B 6.3M shares
B BESSEMER GROUP INC Institution	+$167.6M +730.3K shares	$169.8M 739.8K shares
M Man Group plc Institution	+$121.3M +528.5K shares	$153.2M 667.6K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$100.6M +438.2K shares	$208.3M 907.7K shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	+$100.3M +437.2K shares	$304.5M 1.3M shares
JPMORGAN CHASE & CO Institution	+$93.9M +409.2K shares	$711.0M 3.1M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$87.2M +379.9K shares	$290.7M 1.3M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$76.6M +333.9K shares	$283.6M 1.2M shares
UBS Group AG Institution	+$69.9M +304.8K shares	$532.9M 2.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
C Capital World Investors Institution	−$353.3M −1.5M shares	$1.6B 6.9M shares
Pictet Asset Management Holding SA Long Only Manager	−$292.7M −1.3M shares	$925.0M 4.0M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$162.3M −707.4K shares	$978.2M 4.3M shares
A AXA Institution	−$153.5M −622.5K shares	Sold Off 0 shares
Invesco Ltd. ETF Provider	−$117.5M −511.8K shares	$416.2M 1.8M shares
AMERIPRISE FINANCIAL INC Institution	−$92.9M −404.6K shares	$241.9M 1.1M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$87.4M −381.0K shares	$10.8M 47.2K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$85.6M −373.1K shares	$377.0M 1.6M shares
NORDEA INVESTMENT MANAGEMENT AB Institution	−$81.4M −353.6K shares	$537.6M 2.3M shares
A AustralianSuper Pty Ltd Institution	−$71.3M −289.1K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 37
New Value: $42.8M
Exited Positions: 134
Exited Value: $573.4M

New Positions

Institution	Position Value
ALBION FINANCIAL GROUP /UT RIA/Wealth	$11.6M 50.6K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$8.2M 35.9K shares
Numerai GP LLC Hedge Fund•Quant	$7.9M 34.6K shares
AZZAD ASSET MANAGEMENT INC /ADV RIA/Wealth	$3.5M 15.4K shares
Foster Victor Wealth Advisors, LLC RIA/Wealth	$2.9M 12.9K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$2.6M 11.5K shares
A Aventail Capital Group, LP Hedge Fund•Long/Short	$2.0M 8.6K shares
GRIMES & COMPANY, INC. RIA/Wealth	$980.1K 4.3K shares
T TEMA ETFS LLC Institution	$686.6K 3.0K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$595.6K 4.2K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$153.5M 622.5K shares
A AustralianSuper Pty Ltd Institution	$71.3M 289.1K shares
C Capitolis Liquid Global Markets LLC Private Equity	$58.7M 238.1K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$56.0M 227.3K shares
T TCW GROUP INC Institution	$40.8M 165.6K shares
Marshall Wace LLP Institution	$27.2M 110.4K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$11.4M 46.1K shares
Woodline Partners LP Hedge Fund•Long/Short	$11.3M 45.8K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$11.0M 44.6K shares
Oribel Capital Management, LP Hedge Fund•Long/Short	$8.9M 36.2K shares

Options Activity

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

Call Positions: 20
Call Value: $87.2M
Put Positions: 18
Put Value: $73.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$22.6M 987.0 contracts
Oribel Capital Management, LP Hedge Fund•Long/Short	$22.0M 957.0 contracts
J JANE STREET GROUP, LLC Institution	$6.2M 269.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.3M 232.0 contracts
W WOLVERINE TRADING, LLC Institution	$4.7M 204.0 contracts
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$4.1M 180.0 contracts
C Cubist Systematic Strategies, LLC Institution	$3.8M 167.0 contracts
N NOMURA HOLDINGS INC Institution	$3.2M 141.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$3.1M 134.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.5M 110.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$43.9M 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$12.2M 533.0 contracts
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$4.6M 200.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$3.4M 147.0 contracts
J JANE STREET GROUP, LLC Institution	$2.5M 108.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.9M 82.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.7M 73.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$826.1K 36.0 contracts
Walleye Trading LLC RIA/Wealth	$688.4K 30.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$619.6K 27.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Visualize Group LP Hedge Fund•Multi-Strategy	Chukudi Melvin Ike Managing Partner	11.46% $34.2M	0.05% 149.1K shares	Q4 2024 Held for 11 months	$298.6M
CORBYN INVESTMENT MANAGEMENT INC/MD Long Only Manager	Charles Von Kapff Carlson President	9.16% $20.2M	0.03% 87.8K shares	≤ Q2 2013 Held for 12y 5m+	$220.0M
CHILTON INVESTMENT CO LLC Hedge Fund•Long/Short	Richard Lockwood Chilton CEO	6.33% $310.6M	0.43% 1.4M shares	Q4 2017 Held for 7y 11m	$4.9B
GENERAL AMERICAN INVESTORS CO INC RIA/Wealth	Larry Chaiya Lee Chairman	5.11% $81.6M	0.11% 355.6K shares	≤ Q2 2013 Held for 12y 5m+	$1.6B
Heirloom Wealth Management RIA/Wealth	Richard Leonard Hurley Managing Partner	4.72% $19.5M	0.03% 85.2K shares	Q4 2022 Held for 2y 11m	$413.9M
GUYASUTA INVESTMENT ADVISORS INC RIA/Wealth	Henry Shaw Beukema CEO	4.46% $77.5M	0.11% 337.7K shares	≤ Q2 2013 Held for 12y 5m+	$1.7B
KIRR MARBACH & CO LLC /IN/ Long Only Manager	Timothy Charles Hill CCO	3.69% $20.4M	0.03% 89.0K shares	Q2 2020 Held for 5y 5m	$553.9M
YCG, LLC Long Only Manager	William David Kruger CEO	3.58% $47.7M	0.07% 207.8K shares	Q2 2023 Held for 2y 5m	$1.3B
EVEXIA WEALTH LLC RIA/Wealth	Benjamin Akiro Laws CEO	3.19% $10.7M	0.02% 47.8K shares	Q1 2023 Held for 2y 8m	$334.1M
LIBERTY ONE INVESTMENT MANAGEMENT, LLC RIA/Wealth	Roch Richard Tranel CEO	3.04% $54.1M	0.08% 236.0K shares	Q4 2019 Held for 5y 11m	$1.8B

Hedge Fund Spotlight

Discover hedge funds investing in RSG

Engineers Gate Manager LP

Hedge Fund • Quant

Portfolio ManagerRobert Gregory Eisner

Portfolio Value: $8.8B
Positions: 2,112
Last Reported: Q3 2025

Sector Allocation

Position in Republic Services

Market Value: $2.2M
Shares Held: 9.4K
Portfolio Weight: 0.02%
Owned Since: 2022-Q4

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$155.2M	1.77%
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$115.3M	1.32%
3 Sabra Healthcare SBRA	REIT - Healthcare Facilities Real Estate	$112.9M	1.29%