Bank of Nova Scotia Boosts Stake in Waste Management

Institutional investor increases holdings in waste management services provider by 145.7%

Mar. 15, 2026 at 9:22am

Got story updates? Submit your updates here. ›

Bank of Nova Scotia, a major Canadian financial institution, has significantly increased its stake in Waste Management, Inc. (NYSE:WM) by 145.7% during the third quarter, according to a recent SEC filing. The fund now owns 496,242 shares of the business services provider's stock, worth approximately $109.6 million.

Why it matters

Waste Management is a leading provider of integrated waste management and environmental services in North America, serving a broad customer base that includes residential, commercial, industrial and municipal clients. The increased investment by a major institutional investor like Bank of Nova Scotia suggests confidence in the company's long-term growth prospects.

The details

According to the filing, Bank of Nova Scotia purchased an additional 294,265 shares of Waste Management during the third quarter, bringing its total holdings to 496,242 shares. This represents about 0.12% of the company's outstanding stock. The increased investment comes as Waste Management continues to expand its services and infrastructure to meet growing demand for waste management and recycling solutions.

  • The increased stake was reported in Bank of Nova Scotia's 13F filing for the third quarter of 2026.

The players

Bank of Nova Scotia

A major Canadian financial institution and one of the largest banks in North America.

Waste Management, Inc.

A leading provider of integrated waste management and environmental services in North America, serving residential, commercial, industrial and municipal clients.

Got photos? Submit your photos here. ›

The takeaway

The significant increase in Bank of Nova Scotia's stake in Waste Management suggests the institutional investor sees long-term growth potential in the waste management services provider. This investment reflects the continued demand for sustainable waste management solutions as communities and businesses prioritize environmental responsibility.