| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| BCEC-GFL Borrower GP (Cayman), Ltd | 25% | $4,303,824,296 | 89,198,431 | GFL Borrower Luxembourg S.a r.l. | 31 Mar 2025 | |||
| FMR LLC | 7.8% | -18% | $1,284,551,576 | -$329,641,565 | 27,111,684 | -20% | FMR LLC | 30 Sep 2025 |
| ONTARIO TEACHERS PENSION PLAN BOARD | 7.5% | $1,275,803,002 | 26,441,513 | ONTARIO TEACHERS PENSION PLAN BOARD | 31 Mar 2025 | |||
| Dovigi Patrick | 6.8% | $1,217,108,243 | 25,688,228 | Patrick Dovigi | 30 Sep 2025 | |||
| Capital Research Global Investors | 5.4% | +10% | $952,254,235 | +$28,053,022 | 19,094,731 | +3% | Capital Research Global Investors | 30 Jun 2025 |
| GIC Private Ltd | 4.6% | -18% | $798,755,252 | -$254,621,426 | 16,554,513 | -24% | GIC Private Limited | 31 Mar 2025 |
As of 30 Sep 2025, 293 institutional investors reported holding 239,421,326 shares of GFL Environmental Inc. - Subordinate Voting Shares, no par value (GFL). This represents 63% of the company’s total 377,768,059 outstanding shares.
The largest institutional shareholders of GFL Environmental Inc. - Subordinate Voting Shares, no par value (GFL) together control 52% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| BC Partners PE LP | 9.4% | 35,337,520 | 0% | 16% | $1,424,911,940 |
| FMR LLC | 7.2% | 27,111,683 | -20% | 0.07% | $1,284,924,173 |
| ONTARIO TEACHERS PENSION PLAN BOARD | 6.4% | 24,297,510 | -8.1% | 24% | $1,150,633,264 |
| Capital Research Global Investors | 4.9% | 18,595,696 | -2.6% | 0.17% | $881,063,956 |
| VANGUARD GROUP INC | 2.9% | 11,059,655 | +1.5% | 0.01% | $524,170,416 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 2.7% | 10,224,632 | -3.6% | 0.15% | $484,443,064 |
| Pictet Asset Management Holding SA | 2.2% | 8,326,029 | -8.9% | 0.38% | $394,476,630 |
| ROYAL BANK OF CANADA | 2.1% | 7,839,885 | -1.4% | 0.07% | $371,454,000 |
| AMERICAN CENTURY COMPANIES INC | 1.6% | 6,023,139 | +26% | 0.15% | $285,376,628 |
| FRED ALGER MANAGEMENT, LLC | 1.5% | 5,628,744 | -31% | 1% | $266,689,891 |
| Beutel, Goodman & Co Ltd. | 1.4% | 5,456,285 | -7.7% | 1.6% | $258,657,000 |
| NORDEA INVESTMENT MANAGEMENT AB | 1.3% | 4,741,512 | -2.9% | 0.19% | $221,760,516 |
| CIBC Asset Management Inc | 1.1% | 4,054,084 | +0.97% | 0.56% | $191,994,449 |
| DEUTSCHE BANK AG\ | 1.1% | 4,040,556 | +10% | 0.06% | $191,441,543 |
| MORGAN STANLEY | 1% | 3,932,625 | +5.7% | 0.01% | $186,327,798 |
| Clarkston Capital Partners, LLC | 0.76% | 2,860,060 | -6.7% | 2.9% | $135,509,643 |
| MILLENNIUM MANAGEMENT LLC | 0.64% | 2,412,497 | +63% | 0.09% | $114,304,108 |
| BlackRock, Inc. | 0.57% | 2,147,949 | -5.4% | 0% | $101,769,818 |
| GEODE CAPITAL MANAGEMENT, LLC | 0.55% | 2,086,454 | +31% | 0.01% | $98,264,148 |
| WELLINGTON MANAGEMENT GROUP LLP | 0.53% | 2,011,580 | -1.9% | 0.02% | $95,309,475 |
| Progeny 3, Inc. | 0.52% | 1,953,680 | +6.7% | 4.8% | $92,565,358 |
| UBS Group AG | 0.52% | 1,946,471 | +204% | 0.02% | $92,223,796 |
| BROWN BROTHERS HARRIMAN & CO | 0.5% | 1,871,190 | +3.1% | 0.54% | $88,656,982 |
| MAVERICK CAPITAL LTD | 0.42% | 1,586,998 | -43% | 1% | $75,191,965 |
| BANK OF MONTREAL /CAN/ | 0.41% | 1,535,406 | +7.8% | 0.03% | $72,754,832 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 18,608,468 | $803,056,125 | +$102,444,639 | $42.95 | 21 |
| 2025 Q3 | 239,421,326 | $11,096,264,830 | -$723,691,482 | $47.38 | 293 |
| 2025 Q2 | 254,048,152 | $12,560,930,096 | -$272,948,130 | $50.46 | 305 |
| 2025 Q1 | 258,569,020 | $12,247,443,095 | -$302,783,019 | $48.31 | 309 |
| 2024 Q4 | 273,421,330 | $11,811,066,037 | +$187,701,437 | $44.54 | 275 |
| 2024 Q3 | 269,395,846 | $10,379,689,286 | +$353,798,237 | $39.88 | 259 |
| 2024 Q2 | 216,900,736 | $8,445,379,411 | +$181,021,608 | $38.93 | 245 |
| 2024 Q1 | 212,604,098 | $7,337,823,638 | +$437,608,912 | $34.50 | 229 |
| 2023 Q4 | 1,457,099 | $50,284,492 | -$11,386,119 | $34.51 | 2 |
| 2023 Q3 | 187,606,605 | $5,963,517,171 | +$59,595,213 | $31.76 | 193 |
| 2023 Q2 | 178,960,404 | $6,943,438,154 | +$221,681,076 | $38.80 | 201 |
| 2023 Q1 | 180,802,731 | $6,231,475,662 | +$316,544,785 | $34.44 | 174 |
| 2022 Q4 | 172,848,152 | $5,048,252,478 | +$206,844,436 | $29.23 | 169 |
| 2022 Q3 | 164,999,338 | $4,179,364,678 | +$84,198,899 | $25.29 | 155 |
| 2022 Q2 | 215,969,597 | $5,472,557,853 | +$50,635,517 | $25.80 | 160 |
| 2022 Q1 | 213,038,698 | $6,857,358,799 | +$112,332,866 | $32.54 | 161 |
| 2021 Q4 | 209,093,320 | $7,821,987,056 | +$539,504,744 | $37.85 | 157 |
| 2021 Q3 | 195,286,284 | $7,137,560,667 | +$104,601,823 | $37.15 | 131 |
| 2021 Q2 | 197,284,916 | $6,192,675,589 | +$278,995,177 | $31.92 | 136 |
| 2021 Q1 | 189,666,770 | $6,400,910,016 | -$68,954,554 | $34.95 | 123 |
| 2020 Q4 | 191,449,579 | $5,354,979,274 | -$9,499,499 | $29.18 | 106 |
| 2020 Q3 | 192,016,591 | $3,871,804,063 | +$139,204,511 | $21.26 | 83 |
| 2020 Q2 | 186,167,410 | $3,270,062,000 | +$32,431,469 | $18.77 | 65 |
| 2020 Q1 | 120,348,616 | $1,833,915,000 | +$1,830,048,932 | $15.05 | 53 |