Cliff Asness's WM Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 453,082 shares of Waste Management, Inc. (WM) worth $99.55 M, representing 0.05% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in WM, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2018, adding 1.36 M shares. Largest reduction occurred in Q2 2020, reducing 1.14 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Waste Management (WM) Holding Value Over Time
Track share changes against reported price movement
Quarterly Waste Management (WM) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +118,921 | Add 35.59% | 453,082 | $219.71 |
| Q3 2025 | -39,444 | Reduce 10.56% | 334,161 | $220.08 |
| Q2 2025 | -49,466 | Reduce 11.69% | 373,605 | $228.38 |
| Q1 2025 | -7,296 | Reduce 1.70% | 423,071 | $231.29 |
| Q4 2024 | -54,214 | Reduce 11.19% | 430,367 | $201.71 |
| Q3 2024 | +24,479 | Add 5.32% | 484,581 | $206.14 |
| Q2 2024 | +3,575 | Add 0.78% | 460,102 | $212.28 |
| Q1 2024 | -47,154 | Reduce 9.36% | 456,527 | $213.15 |
| Q4 2023 | -49,887 | Reduce 9.01% | 503,681 | $178.39 |
| Q3 2023 | +955 | Add 0.17% | 553,568 | $152.44 |
| Q2 2023 | +12,573 | Add 2.33% | 552,613 | $171.07 |
| Q1 2023 | -107,261 | Reduce 16.57% | 540,040 | $163.17 |
| Q4 2022 | -29,992 | Reduce 4.43% | 647,301 | $156.88 |
| Q3 2022 | +57 | Add 0.01% | 677,293 | $160.21 |
| Q2 2022 | -329,718 | Reduce 32.74% | 677,236 | $151.06 |
| Q1 2022 | -110,084 | Reduce 9.85% | 1.01 M | $158.50 |
| Q4 2021 | +63,311 | Add 6.01% | 1.12 M | $165.80 |
| Q3 2021 | -3,408 | Reduce 0.32% | 1.05 M | $149.36 |
| Q2 2021 | -47,192 | Reduce 4.27% | 1.06 M | $139.41 |
| Q1 2021 | -316,726 | Reduce 22.29% | 1.1 M | $129.02 |
| Q4 2020 | +5,450 | Add 0.38% | 1.42 M | $116.80 |
| Q3 2020 | -607,765 | Reduce 30.04% | 1.42 M | $113.17 |
| Q2 2020 | -1.14 M | Reduce 35.99% | 2.02 M | $104.26 |
| Q1 2020 | -405,599 | Reduce 11.37% | 3.16 M | $91.09 |
| Q4 2019 | -185,480 | Reduce 4.94% | 3.57 M | $113.94 |
| Q3 2019 | -317,887 | Reduce 7.81% | 3.75 M | $114.35 |
| Q2 2019 | +27,195 | Add 0.67% | 4.07 M | $115.37 |
| Q1 2019 | -802,426 | Reduce 16.56% | 4.04 M | $103.91 |
| Q4 2018 | -618,210 | Reduce 11.32% | 4.85 M | $88.99 |
| Q3 2018 | +128,847 | Add 2.42% | 5.46 M | $90.36 |
| Q2 2018 | +1.36 M | Add 34.37% | 5.33 M | $81.34 |
| Q1 2018 | -266,514 | Reduce 6.29% | 3.97 M | $84.12 |
| Q4 2017 | -176,057 | Reduce 3.99% | 4.24 M | $86.30 |
| Q3 2017 | -789,089 | Reduce 15.17% | 4.41 M | $78.42 |
| Q2 2017 | -412,571 | Reduce 7.35% | 5.2 M | $73.35 |
| Q1 2017 | +518,270 | Add 10.17% | 5.61 M | $72.92 |
| Q4 2016 | +549,694 | Add 12.09% | 5.1 M | $70.91 |
| Q3 2016 | +1.19 M | Add 35.62% | 4.55 M | $63.76 |
| Q2 2016 | +484,922 | Add 16.91% | 3.35 M | $66.27 |
| Q1 2016 | -316,508 | Reduce 9.94% | 2.87 M | $59.00 |
| Q4 2015 | +601,868 | Add 23.31% | 3.18 M | $53.37 |
| Q3 2015 | +868,958 | Add 50.72% | 2.58 M | $49.81 |
| Q2 2015 | +807,709 | Add 89.21% | 1.71 M | $46.35 |
| Q1 2015 | +318,259 | Add 54.20% | 905,452 | $54.23 |
| Q4 2014 | +90,232 | Add 18.16% | 587,193 | $51.32 |
| Q3 2014 | +9,391 | Add 1.93% | 496,961 | $47.53 |
| Q2 2014 | -41,745 | Reduce 7.89% | 487,570 | $44.73 |
| Q1 2014 | +38,080 | Add 7.75% | 529,315 | $42.07 |
| Q4 2013 | +61,700 | Add 14.36% | 491,235 | $44.87 |
| Q3 2013 | +25,645 | Add 6.35% | 429,535 | $41.24 |
| Q2 2013 | +403,890 | Add 0.00% | 403,890 | $40.33 |
| Q4 2012 | +378,707 | Add 0.00% | 378,707 | $33.74 |
Cliff Asness's Waste Management Investment FAQs
Cliff Asness first purchased Waste Management, Inc. (WM) in Q4 2012, acquiring 378,707 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Waste Management, Inc. (WM) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Waste Management, Inc. (WM) was in Q2 2018, adding 5,334,531 shares worth $433.91 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 453,082 shares of Waste Management, Inc. (WM), valued at approximately $99.55 M.
As of the Q4 2025 filing, Waste Management, Inc. (WM) represents approximately 0.05% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Waste Management, Inc. (WM) was 5,614,368 shares, as reported at the end of Q1 2017.