WASTE MGMT INC DEL

WM Q1 2026 institutional ownership is a $73.1B book across 2,267 holders. BlackRock is the largest holder at $6.9B (30.2M shares, +1.7%, +$409M from $6.5B) -- the largest buyer. Gates Foundation Trust is second at $6.4B (27.6M shares, -0.1%, -$5M) -- essentially UNCHANGED. Vanguard Capital Management is third at $5.8B (25.2M shares, NEW after three-way split). State Street is fourth at $4.0B (17.5M shares, +1.6%, +$201M). Capital Research Global Investors is fifth at $2.0B (8.7M shares, +1508812038 valueChange from $2.3M prior -- effectively a new large position, +87,500% increase) -- the most aggressive add. Vanguard Portfolio Management $2.4B (NEW); Vanguard Fiduciary Trust $498M (NEW). FMR/Fidelity $2.2B (-0.5%, slight trim). Franklin Resources $1.6B (+21.3%, +$285M). MassFinancial $1.5B (-7.0%). Morgan Stanley $1.6B (+1.6%, +$160M). Northern Trust $898M (+1.1%, +$50M). Goldman Sachs $838M (+11.5%, +$97M). Ameriprise $1.7B (+16.1%, +$240M). RBC $1.0B (+110.1%, +$502M from $525M). BNY Mellon not in top-20 for WM. Wells Fargo $979M (+4.2%, +$158M). Bank of America $770M (-1.1%, -$14M). Legal & General $758M (-11.0%). Charles Schwab $686M (+14.3%, +$86M). Amundi $686M (-4.2%, -$34M). UBS AM $709M (+1.7%, +$50M). Vontobel Holding $673M (+6.1%, +$58M). Barclays $626M (+29.5%, +$179M). Nordea $794M (-0.3%, -$12M). Parnassus Investments $1.1B (-1.3%, -$15M). New positions: Vanguard three-way. Sellers: Amundi -$34M, Nordea -$12M, Parnassus -$15M, Bank of America -$14M, Gates Foundation -$5M. The 75.50 whaleScore reflects AUM. Smart-money-signal read: WM Q1 2026 flows are net-bullish, led by Capital Research Global's extraordinary +$1.5B add (from effectively $2.3M to $2.0B). RBC +$502M (+110.1%) and DZ Bank +$420M are also explosive adds. Ameriprise +$240M, Goldman +$97M, Barclays +$179M, Wells Fargo +$158M, Franklin +$285M, BlackRock +$409M, State Street +$201M are all meaningful active-manager adds. Sellers are modest (Amundi -$34M, Nordea -$12M, Parnassus -$15M). The defining signal: Capital Research Global's massive new position suggests high-conviction waste-management/defensive infrastructure allocation. Net read: bullish on Waste Management -- institutional managers increasing exposure to defensive infrastructure/utilities-adjacent names.