Goodman Financial Corp Buys $16.90M Stake in Waste Management

The investment firm added over 76,000 shares of the waste management services provider to its portfolio.

Mar. 23, 2026 at 10:38am

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Goodman Financial Corp, an investment management firm, disclosed that it purchased a new stake of 76,908 shares in Waste Management, Inc. (NYSE:WM) during the fourth quarter. The position is valued at approximately $16.9 million, making it the 10th largest holding in Goodman Financial's portfolio.

Why it matters

Waste Management is one of the largest waste management and environmental services providers in North America, servicing residential, commercial, industrial, and municipal customers. The new investment by Goodman Financial Corp suggests the firm sees long-term growth potential in the waste management industry.

The details

According to a regulatory filing, Goodman Financial Corp purchased the 76,908 shares of Waste Management stock in the fourth quarter. This new stake represents around 3.2% of Goodman Financial's total portfolio. Waste Management's stock has seen solid performance over the past year, rising over 15% as the company continues to expand its services and footprint.

  • Goodman Financial Corp disclosed the new stake in Waste Management in a regulatory filing for the fourth quarter of 2025.

The players

Goodman Financial Corp

An investment management firm that has now made Waste Management one of its top 10 portfolio holdings.

Waste Management, Inc.

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

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The takeaway

Goodman Financial's new investment in Waste Management signals the firm's confidence in the long-term growth prospects of the waste management industry. As one of the largest players in the sector, Waste Management's ability to continue expanding its services and footprint makes it an attractive investment target for institutional investors like Goodman Financial.