Brevan Howard Cuts Stake in Waste Management

Hedge fund reduces position in waste management services provider

Mar. 16, 2026 at 8:53am

Got story updates? Submit your updates here. ›

Brevan Howard Capital Management LP has trimmed its position in Waste Management, Inc. (NYSE:WM) by 70.8% during the third quarter, according to the company's latest 13F filing with the Securities and Exchange Commission (SEC). The fund now owns 17,870 shares of the business services provider's stock, down from 61,186 shares previously.

Why it matters

Brevan Howard's reduction in its Waste Management stake is noteworthy as the company is one of the largest waste management and environmental services providers in North America. The move could signal a shift in the hedge fund's investment strategy or outlook on the waste management industry.

The details

According to the 13F filing, Brevan Howard sold 43,316 shares of Waste Management during the third quarter, leaving it with a remaining position of 17,870 shares valued at $3,946,000 as of the end of the quarter. The filing does not provide specific reasons for the hedge fund's decision to significantly reduce its stake in Waste Management.

  • Brevan Howard filed its 13F report for the third quarter of 2026 on March 16, 2026.

The players

Brevan Howard Capital Management LP

A major global hedge fund with over $30 billion in assets under management.

Waste Management, Inc.

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

Got photos? Submit your photos here. ›

The takeaway

Brevan Howard's decision to cut its stake in Waste Management by over 70% could signal a broader shift in the hedge fund's investment strategy or a change in its outlook on the waste management industry. However, without further details from the fund, the specific reasons behind the move remain unclear.