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What smart money is saying about Casella Waste Systems, Inc.United States flag

CWST · Industrials · Waste Management · Market cap $5.45B

2 funds in our archive have pitched Casella Waste Systems, Inc. — most recently Alger Weatherbie Specialized Growth Fund in March 2026.

Company profile

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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2
Reported positions
1
Bought
0
Sold
3
Letters

Position history

Between Q4 2025 and Q2 2026, 2 fund letters reported a position in Casella Waste Systems, Inc.1 opened or added to the position.

Fund letters reporting a position in Casella Waste Systems, Inc., by quarter
QuarterLettersBoughtSoldTheses
Q2 20261100
Q1 20261001
Q4 20250001

Fund activity · 2 positions · 1 move

  • New positionBaron Small Cap Fund
    June 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.
    Read the letterCasella Waste Systems, Inc.
  • HoldsAlger Weatherbie Specialized Growth Fund
    March 2026
    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.
    Read the letterCasella Waste Systems, Inc.

Fund coverage · 2 theses

  • Alger Weatherbie Specialized Growth Fund
    March 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 Fund
    December 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

Read every full thesis on Casella Waste Systems, Inc.

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