What smart money is saying about Casella Waste Systems, Inc.
3 funds in our archive have pitched Casella Waste Systems, Inc., most recently Alger Weatherbie Specialized Growth Fund in September 2026.
Casella Waste Systems, Inc., along with its subsidiaries, operates as a vertically integrated solid waste management firm across the northeastern United States. The company specializes in comprehensive waste and resource management solutions, encompassing solid waste collection, transfer, disposal, recycling, and organic waste services. These offerings cater to a diverse clientele, including residential, commercial, municipal, institutional, and industrial customers. Its operations specifically address non-hazardous solid waste, from initial collection through its extensive network of transfer stations to final disposal facilities. Casella also markets a variety of processed recyclables, such as metals (including aluminum), plastics, and paper products like corrugated cardboard, sourced from both its own processing centers and third-party acquisitions. Furthermore, the company engages in commodity brokerage. As of January 31, 2022, its significant infrastructure included 50 solid waste collection operations, 65 transfer stations, 23 recycling facilities, 8 Subtitle D landfills, 3 landfill gas-to-energy facilities, and 1 landfill dedicated to construction and demolition materials. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.
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Fund signal · last 12 months
9 lettersToo few moves on Casella Waste Systems, Inc. yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q3 2026, 14 fund letters reported a position in Casella Waste Systems, Inc., with 4 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 1 | 1 |
| Q2 2026 | 3 | 2 | 0 | 0 |
| Q1 2026 | 1 | 0 | 0 | 1 |
| Q4 2025 | 2 | 1 | 0 | 1 |
| Q3 2025 | 2 | 1 | 0 | 0 |
| Q2 2025 | 2 | 0 | 0 | 0 |
| Q1 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 14 positions · 5 moves
- September 2026
“Casella Waste Systems, Inc. Class A (CWST) underperformed alongside the broader waste sector amid concerns that elevated interest rates could pressure residential collection volumes.”
Casella Waste Systems, Inc. - September 2026
“Casella Waste Systems, Inc. Class A, 5.49%.”
Casella Waste Systems, Inc. - September 2026
“Casella Waste Systems | -0.68 pp (Industrials, Core Growth) Casella declined approximately 17% despite the long-term appeal of its essential waste-services franchise.”
Casella Waste Systems, Inc. - New positionBaron Small Cap FundJune 2026
“We acquired shares of Casella Waste Systems, Inc. , a well-entrenched market leader with high barriers to entry in an industry we understand well (after more than a decade owning Waste Connections, Inc. ) at what we believe is an attractive entry point.”
Casella Waste Systems, Inc. - New positionBaron Small Cap StrategyJune 2026
“We acquired shares of Casella Waste Systems, Inc., a well- entrenched market leader with high barriers to entry in an industry we understand well (after more than a decade owning Waste Connections, Inc.) at what we believe is an attractive entry point.”
Casella Waste Systems, Inc. “Top Ten Holdings Security Life Cycle Category Percent of Portfolio Silicon Motion Technology Corp. Special Situation 3.6% Porch Group Inc. Pioneer 3.5% Digital Turbine, Inc. Special Situation 2.3% Casella Waste Systems, Inc. Core Growth 2.0%”
Casella Waste Systems, Inc.- March 2026
“• Casella Waste Systems is a vertically integrated solid waste services company operating primarily in the Northeastern United States, providing collection, transfer, disposal, and recycling services across residential, commercial, and industrial markets. We believe the company has a commanding position as a regional consolidator in an industry characterized by high barriers to entry, recurring revenue, and favorable pricing dynamics, with a long runway to acquire smaller operators and expand its geographic footprint. During the quarter, shares detracted from performance despite the company delivering solid results that extended its track record of double-digit growth in revenue, earnings, and free cash flow to a fifth consecutive year.”
Casella Waste Systems, Inc. - New positionClearbridge Mid Cap StrategyDecember 2025
“We initiated positions in Casella Waste Systems, a residential waste services provider with a high proportion of recurring revenue, following a transitory selloff tied to minor acquisition integration issues, and Tyler Technologies, a provider of mission-critical software to state and local governments, where a highly recurring revenue model and limited exposure to near-term AI disruption support durable long-term growth.”
Casella Waste Systems, Inc. - December 2025
“Casella Waste Systems, Inc., Class A 3.6%”
Casella Waste Systems, Inc. - HoldsConestogaSeptember 2025
“Casella Waste Systems, Inc. (CWST) CWST is one of the leading regional solid waste, recycling, and resource management companies in the northeastern U.S.”
Casella Waste Systems, Inc. - September 2025
“Casella Waste Systems backed up by -18%. The solid waste handler’s revenues were better than expected, but earnings were hampered by the slower-than-expected systems integration of newly acquired territories in Mid-Atlantic states and the implementation of a new enterprise resource planning system. We see both issues as transitory, knowing that Casella in the past quickly improved margins of acquisitions and the ERP system should facilitate that, so we added to our position.”
Casella Waste Systems, Inc. - June 2025
“TOP TEN EQUITY HOLDINGS (%) Sterling Infrastructure, Inc. 2.1 Kratos Defense & Security Solutions, Inc. 2.0 ESCO Technologies Inc. 2.0 MACOM Technology Solutions Holdings, Inc. 2.0 Construction Partners, Inc. 1.8 RBC Bearings Incorporated 1.7 Casella Waste Systems, Inc. 1.6 Intapp, Inc. 1.6 Verona Pharma Plc 1.6 Varonis Systems, Inc. 1.6”
Casella Waste Systems, Inc. - June 2025
“CORE GROWTH FUND — TOP 10 HOLDINGS AS OF MARCH 31, 2025 Percent of Security Name Net Assets HealthEquity, Inc. 4.2% Casella Waste Systems, Inc., Class A 3.7%”
Casella Waste Systems, Inc. - March 2025
“Casella Waste Systems Inc. is a vertically integrated solid waste services company.”
Casella Waste Systems, Inc.
Also mentioned · 1
These funds discuss Casella Waste Systems, Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- March 2026
“Casella Waste Systems Inc. operates as a vertically integrated solid waste services company.”
Casella Waste Systems, Inc.
Fund coverage · 3 theses
- Alger Weatherbie Specialized Growth FundSeptember 2026
Casella Waste Systems provides essential waste services and is supported by recurring demand, pricing power, and acquisition-led expansion opportunities.
Read the full thesis - Alger Weatherbie Specialized Growth FundMarch 2026
Casella Waste Systems, Inc. is a regional waste consolidator with recurring revenue, high barriers to entry, and a long growth runway.
Read the full thesis - Baron Discovery FundDecember 2025
Casella Waste Systems, Inc. is a pricing-powerful, acquisitive regional waste leader with improving margins and potential scarcity value upside.
Read the full thesis
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