BNP Paribas Trims Stake in Waste Management

Institutional investor reduces holdings in waste management services provider

Mar. 15, 2026 at 9:08am

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BNP Paribas, a major institutional investor, has reduced its stake in Waste Management, Inc. (NYSE: WM) by 14.6% in the third quarter, according to a recent SEC filing. The firm now owns 44,196 shares of the business services provider's stock, valued at $9.76 million as of the most recent reporting period.

Why it matters

Waste Management is a leading provider of integrated waste management and environmental services in North America, so changes in major institutional holdings can signal shifts in investor sentiment around the company and the broader waste management industry.

The details

According to the filing, BNP Paribas sold 7,565 shares of Waste Management stock during the third quarter. The firm's total holdings in the company now stand at 44,196 shares. Waste Management's stock price has fluctuated in recent months, trading between $194.11 and $248.13 over the past 52 weeks.

  • BNP Paribas reduced its Waste Management holdings in the 3rd quarter of 2026.

The players

BNP Paribas

A major global financial institution and institutional investor.

Waste Management, Inc.

A leading provider of integrated waste management and environmental services in North America.

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The takeaway

This filing indicates that one of Waste Management's larger institutional investors has reduced its position in the company, which could signal a shift in market sentiment around the stock. However, Waste Management remains a well-regarded player in the waste management industry, and changes in institutional holdings do not necessarily reflect the company's underlying fundamentals or long-term prospects.