WM Waste Management, Inc.
XNYS
229.58
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
WM
$229.58
—
Key stats
$229.58
- 52-Week Range
- $194.11 – $248.13
- YTD
- +5.12%
- IV Rank (30D)
- 48.85
- Straddle Price
- $12.15
- P/C Vol Ratio
- 1.36
- Market Cap
- $92.6B
- Open
- $230.26
- Day Range
- $229.28 – $230.94
- Volume
- 2,246,521
- Prev Close
- $231.73
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.09% |
| Beta vs SPY | 0.53 |
| Cost of Equity (CAPM) | 7.74% (VRP-adj) |
| WACC | 7.33% |
| Volatility Risk Premium | +22.4pp (IV − HV30) |
| Effective Tax Rate | 21.3% |
| Rev. Growth (YoY, DCF input) | +3.7% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.04 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $3.6B |
| Return on Equity (TTM) | 28.7% |
| Book / Price | 10.6% |
| Gross Margin (TTM) | 40.9% |
| FCF Margin (TTM) | 13.9% |
| Debt / Equity | 2.24 |
| Quality Score | 2/6 — normal (10y DCF) |
| Market-Implied Growth | +9.3% (reverse-DCF on current price) |
| SMA 50 | $216.34 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $211.84 |
| Bollinger Width / SMA20 | 7.4% (drives anchor stability) |
| Net Debt | $21.7B |
| Market Cap | $94B |
Peers used for multiples: CLH, DUK, GFL, LNT, NEE, RSG, SO, WCN
60-Day Conviction
31%
20-Day Fair Value
≈ by Nov 19, 2026
$234.06
α +2.0%
rank 2%
conviction
88%
40-Day Fair Value
≈ by Dec 18, 2026
$236.52
α +3.0%
rank 1%
conviction
85%
60-Day Fair Value
≈ by Jan 18, 2027
$231.50
α +0.8%
rank 1%
conviction
31%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $149.19 | 19% | |
| DDM (Gordon) | $95.00 | 0% | |
| Peer P/E | $161.50 | 9% | median 22.1× · 7 peers |
| Peer EV/EBITDA | $265.38 | 9% | median 16.0× · 8 peers |
| Peer P/B | $81.24 | 2% | median 3.3× · 8 peers |
| Peer P/S | $253.86 | 6% | median 3.9× · 8 peers |
| Market Anchor (SMA50) | $216.34 | 38% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $229.30 | 19% | 21 strikes · skew -1.53 |
As of 2026-10-21 · updated
Related
About
- Industry (SIC)
- REFUSE SYSTEMS (4953) · industry map
- Exchange
- XNYS
- Market Cap
- $92.6B
- Employees
- 60,500
- List Date
- 1988-09-30
- CIK
- 0000823768
- Next Earnings
- 2026-10-27 (After-Close)
- EPS Forecast
- $2.18 (10 est.)
- Headquarters
- Houston, TX
- Homepage
- https://www.wm.com
WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 257 active landfill sites and about 342 transfer stations that help with transporting waste efficiently and economically. The company serves residential, commercial, industrial, and medical end markets for waste collection, transfer, and disposal. The company also has an energy business emanating from the beneficial use of landfill gas and is a leading recycler in North America.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -3.06% | -7.56% | -1.46% | 3.35% | 9.83% | 1.76% | 0.48% |
| Feb | -1.07% | -3.58% | -3.01% | 9.14% | 4.05% | 7.92% | 2.24% |
| Mar | 14.70% | 8.13% | 9.64% | 3.58% | -0.97% | -5.46% | 4.94% |
| Apr | 6.72% | 2.90% | 1.33% | -2.30% | -0.18% | 0.67% | 1.52% |
| May | 0.24% | -0.33% | -2.92% | 1.92% | 3.24% | -7.57% | -0.90% |
| Jun | 0.03% | -3.50% | 6.52% | 5.98% | -5.49% | 4.88% | 1.40% |
| Jul | 5.02% | 5.72% | -4.44% | -3.20% | 0.16% | 0.92% | 0.70% |
| Aug | 5.32% | 3.47% | -3.53% | 2.90% | -1.09% | -3.32% | 0.63% |
| Sep | -4.16% | -5.78% | -2.91% | -0.86% | -2.17% | -7.21% | -3.85% |
| Oct | 6.93% | -4.07% | 8.68% | 3.81% | -9.14% | 13.71%* | 3.32% |
| Nov | 0.87% | 7.16% | 4.24% | 6.65% | 10.72% | -- | 5.93% |
| Dec | 3.98% | -6.52% | 3.05% | -10.36% | 1.75% | -- | -1.62% |
| Total | 39.94% | -5.53% | 14.73% | 20.83% | 9.35% | 4.31% | 13.94% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $212.92
SMA 50: $216.39
SMA 200: $224.65
Current: $229.58
EMA 12: $220.38
EMA 26: $216.66
MACD: 3.7246 | Signal: 3.0083
BULLISH
ADX (14): 26.86
TREND
+DI: 40.35
−DI: 12.79
Momentum Oscillators
RSI (14): 71.29
OVERBOUGHT
Stoch %K: 95.86
Stoch %D: 97.45
Williams %R: -8.17
Volume & Volatility
BB Upper: $231.17
BB Lower: $194.68
NEUTRAL
OBV: 35,217,285
Vol SMA 20: 2,323,174
Vol ROC: -1.33%
ATR: $3.84
True Range: $2.44
HV 20: 19.9%
HV 30: 20.2%
HV 60: 19.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Recent positive news headlines from reputable sources
- Bullish momentum signals from MACD and Stochastic Oscillators
- Strong short-term trend indicators (SMA 20, EMA 12) supporting current price level
Primary Risks:
- Negative sentiment from options market (put/call ratio)
- Volatility and risk metrics indicating possible downside movement
- No earnings data available to inform future price movements
2-3 Sentence Investment Thesis: WM is a stock with a neutral outlook due to conflicting signals. While technical indicators suggest an uptrend, news headlines and options market sentiment indicate potential for a correction.
Recent News Sentiment Impact: Positive news headlines from reputable sources have contributed to the current price level, but there are concerns about the sustainability of this trend.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bullish
- Medium-term (1-3 months): Bullish
- Long-term (3-12 months): Neutral
Support/Resistance Levels:
- SMA 20: $230.96 (support)
- EMA 12: $227.18 (support)
Momentum Signals:
- RSI interpretation: Neutral (42.83, not oversold or overbought)
- MACD signal: Bearish (-1.45 / Signal: -1.08 / Histogram: -0.37)
- Bollinger Bands position: Neutral (price touching middle band)
Volume Analysis:
- Volume SMA 20: 1818195.15
- On-Balance Volume (OBV): 46808498.72
- Volume Rate of Change: -62.66% (indicating lower volume)
News & Sentiment Analysis
Recent Headlines Summary: Five recent news headlines have been predominantly positive, highlighting the stock's potential for growth.
Sentiment Assessment: Positive sentiment dominates with an aggregate score of 80%.
Catalyst Identification:
- No immediate catalysts are apparent, but earnings data could provide guidance in the future.
- Regulatory changes or product launches may also impact the stock's price movement.
Market Narrative: The current price level reflects a mix of positive news headlines and technical indicators suggesting an uptrend. However, options market sentiment indicates potential for a correction.
Risk & Volatility Assessment
Risk Metrics:
- Beta: -0.37 (vs SPY), indicating negative correlation with the market.
- Alpha: 0.07
- Correlation: -0.24
- Stock Volatility: 0.20
Options Market Signals:
- IV Rank: 54.5% (Medium, showing historically high volatility)
- Current IV: 53.9%
- Expected Move: $11.75 (35 DTE), 7-DTE: $6.22
- Volume Flow: 349 calls vs 996 puts
- Open Interest: 6,819 calls vs 10,016 puts
Downside Protection: Support levels at SMA 20 ($230.96) and EMA 12 ($227.18) could provide some downside protection.
Market Context & Positioning
Sector Performance: No specific sector data available for WM, but the overall market is showing mixed signals.
Institutional Activity: Volume patterns suggest institutional interest in the stock, with a moderate flow of calls and puts.
Correlation Analysis: WM has a negative beta relative to the market (SPY), indicating it moves opposite to the broader market.
Relative Valuation: The stock's price is within its trading range, with no clear indication of overbought or oversold conditions.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $230.96
- EMA 12: $227.18
Breakout/Breakdown Levels:
- SMA 50: $227.18 (support)
- Upper Bollinger Band: $243.24 (resistance)
Time-Sensitive Catalysts: No immediate catalysts are apparent, but earnings data could provide guidance in the future.
Risk Management: A stop-loss level could be set at SMA 20 ($230.96) to limit potential losses. Position sizing considerations include a moderate allocation considering the stock's volatility.
Generated
News
All WM news →
Shares of Australia’s Cleanaway Waste Management Ltd. saw their biggest jump in 15 years after a unit of EQT AB agreed to buy the firm for about A$9.3 billion ($6.5 billion) including debt, making it the latest local company to enter private hands after a period of share…
When it comes to earnings growth, there's another trash company that's king.
The industrial sector isn't the highest-yielding group on the market, but it's home to some steady payout raisers, including Illinois Tool Works and Waste Management.
Waste Management stock might be an interesting choice for investors with a lower risk tolerance.
Earnings History
15 of 23 under expected move
Avg Expected Move
3.31%
Avg Actual Move
2.55%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-18 | After-Close | 1.63% | 1.59% | 0.98x | Within |
| 2021-04-27 | After-Close | 3.35% | 0.87% | 0.26x | Within |
| 2021-07-27 | After-Close | 3.65% | 0.88% | 0.24x | Within |
| 2021-10-26 | After-Close | 3.19% | 2.59% | 0.81x | Within |
| 2022-02-02 | After-Close | 1.92% | 1.14% | 0.59x | Within |
| 2022-04-26 | After-Close | 2.53% | 2.01% | 0.79x | Within |
| 2022-07-27 | After-Close | 1.14% | 3.31% | 2.90x | Exceeded |
| 2022-10-26 | After-Close | 1.94% | 1.04% | 0.54x | Within |
| 2023-02-01 | After-Close | 1.32% | 2.64% | 2.00x | Exceeded |
| 2023-04-27 | After-Close | 0.74% | 2.73% | 3.69x | Exceeded |
| 2023-07-25 | After-Close | 2.91% | 3.97% | 1.36x | Exceeded |
| 2023-10-24 | After-Close | 2.97% | 6.10% | 2.05x | Exceeded |
| 2024-02-13 | After-Close | 1.42% | 0.17% | 0.12x | Within |
| 2024-04-25 | After-Close | 0.91% | 1.22% | 1.34x | Exceeded |
| 2024-07-24 | After-Close | 7.12% | 8.03% | 1.13x | Exceeded |
| 2024-10-28 | After-Close | 4.97% | 5.21% | 1.05x | Exceeded |
| 2025-01-30 | After-Close | 2.65% | 0.98% | 0.37x | Within |
| 2025-04-28 | After-Close | 4.95% | 0.12% | 0.02x | Within |
| 2025-07-28 | After-Close | 4.89% | 3.36% | 0.69x | Within |
| 2025-10-27 | After-Close | 5.57% | 4.46% | 0.80x | Within |
| 2026-01-28 | After-Close | 4.81% | 3.66% | 0.76x | Within |
| 2026-04-28 | After-Close | 5.32% | 1.30% | 0.24x | Within |
| 2026-07-28 | After-Close | 6.12% | 1.17% | 0.19x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
WM Options Activity & IV Rank
WM IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 23.2%
7-DTE IV: —
Expected Move: $12.15
7-DTE Move: $12.15
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 224
Put Volume: 304
P/C Volume: 1.357
BEARISH
Call OI: 2,972
Put OI: 3,071
P/C OI: 1.033
Total OI: 6,043
ATM Options Pricing
ATM Call: $6.30
ATM Put: $5.85
Call %: 2.7%
Put %: 2.5%
Chain Summary
Chain Volume: 4,792
Chain OI: 36,074
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 67th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
67%
vs own history
GEX tilt
+0.48
OI-weighted, today
Vanna tilt
+0.66
δ-sensitivity to IV
Charm tilt
-0.66
δ-decay vs time
Vanna tilt +0.66: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.66: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 35 ATM contracts, 15k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
11%
+2.1
pts
EXTREME
as of Oct 21 · ATM 23.1% / Wing 25.2%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)48.9MediumOct 21
Straddle Price (30 DTE)$12.15Oct 21
Beta Analysis
Risk Metrics
Beta: -0.3878
Alpha: 14.60%
Correlation: -0.2372
R-Squared: 5.6%
Stock Volatility: 20.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own WM
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Gates Foundation Trust Foundation Bill Gates | $5.96B | #4 of 24 | -3.3% | 13F | |
| Citadel Hedge fund Ken Griffin | $137.9M | #303 of 6285 | +500.9% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $61.1M | #520 of 3716 | +834.8% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $47.5M | #249 of 4729 | -0.4% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $37.1M | #442 of 3138 | +523.2% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
WM Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 403,825,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
28 filers$358.04M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $114.72M | 32.04% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $110.08M | 30.75% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $32.32M | 9.03% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $30.08M | 8.40% | 2025-09-30 |
| 5 | Cubist Systematic Strategies, LLC | $12.57M | 3.51% | 2025-09-30 |
| 6 | UBS Group AG Custodian | $10.94M | 3.06% | 2026-06-30 |
| 7 | Squarepoint Ops LLC | $8.49M | 2.37% | 2026-06-30 |
| 8 | Allianz Asset Management GmbH | $7.64M | 2.14% | 2026-06-30 |
| 9 | CAPITAL FUND MANAGEMENT S.A. | $5.97M | 1.67% | 2026-06-30 |
| 10 | Walleye Capital LLC | $4.44M | 1.24% | 2026-06-30 |
| 11 | Point72 Asset Management, L.P. | $3.14M | 0.88% | 2026-06-30 |
| 12 | Millennium Management LLC Custodian | $2.83M | 0.79% | 2026-06-30 |
| 13 | CAPSTONE INVESTMENT ADVISORS, LLC | $2.74M | 0.77% | 2026-06-30 |
| 14 | Delta Accumulation, LLC | $1.81M | 0.50% | 2026-06-30 |
| 15 | BNP Paribas Financial Markets Custodian | $1.60M | 0.45% | 2026-06-30 |
| 16 | Twin Tree Management, LP | $1.36M | 0.38% | 2026-06-30 |
| 17 | Qube Research & Technologies Ltd | $1.34M | 0.37% | 2026-06-30 |
| 18 | Verition Fund Management LLC | $1.25M | 0.35% | 2026-06-30 |
| 19 | TUDOR INVESTMENT CORP ET AL | $1.23M | 0.34% | 2026-06-30 |
| 20 | Two Sigma Investments, LP Custodian | $1.07M | 0.30% | 2026-06-30 |
| 21 | READYSTATE ASSET MANAGEMENT LP | $802.37K | 0.22% | 2026-06-30 |
| 22 | Bank of Montreal Custodian | $557.20K | 0.16% | 2026-06-30 |
| 23 | Vontobel Holding Ltd. | $367.06K | 0.10% | 2026-09-30 |
| 24 | Walleye Trading LLC | $334.32K | 0.09% | 2026-06-30 |
| 25 | Alphadyne Asset Management LP | $133.73K | 0.04% | 2026-06-30 |
26 filers$269.99M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $106.85M | 39.58% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $80.04M | 29.64% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $11.90M | 4.41% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $10.16M | 3.76% | 2025-09-30 |
| 5 | Allianz Asset Management GmbH | $8.96M | 3.32% | 2026-06-30 |
| 6 | Millennium Management LLC Custodian | $8.09M | 3.00% | 2026-06-30 |
| 7 | Cubist Systematic Strategies, LLC | $6.85M | 2.54% | 2025-09-30 |
| 8 | Chapman Investment Management, LLC | $6.06M | 2.24% | 2026-06-30 |
| 9 | Walleye Capital LLC | $4.57M | 1.69% | 2026-06-30 |
| 10 | CAPSTONE INVESTMENT ADVISORS, LLC | $4.17M | 1.54% | 2026-06-30 |
| 11 | CREDIT AGRICOLE S A | $3.34M | 1.24% | 2026-06-30 |
| 12 | UBS Group AG Custodian | $3.08M | 1.14% | 2026-06-30 |
| 13 | CAPITAL FUND MANAGEMENT S.A. | $2.96M | 1.10% | 2026-06-30 |
| 14 | Point72 Asset Management, L.P. | $2.05M | 0.76% | 2026-06-30 |
| 15 | Delta Accumulation, LLC | $1.81M | 0.67% | 2026-06-30 |
| 16 | Walleye Trading LLC | $1.78M | 0.66% | 2026-06-30 |
| 17 | Squarepoint Ops LLC | $1.34M | 0.50% | 2026-06-30 |
| 18 | Two Sigma Investments, LP Custodian | $1.20M | 0.45% | 2026-06-30 |
| 19 | Volterra Technologies LP | $1.09M | 0.40% | 2026-06-30 |
| 20 | TUDOR INVESTMENT CORP ET AL | $824.66K | 0.31% | 2026-06-30 |
| 21 | Bank of Montreal Custodian | $557.20K | 0.21% | 2026-06-30 |
| 22 | PEAK6 LLC | $557.20K | 0.21% | 2026-06-30 |
| 23 | Twin Tree Management, LP | $534.91K | 0.20% | 2026-06-30 |
| 24 | Alphadyne Asset Management LP | $490.34K | 0.18% | 2026-06-30 |
| 25 | Qube Research & Technologies Ltd | $401.18K | 0.15% | 2026-06-30 |
WM Insider Trading (Form 4)
Latest: 2026-09-08Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-08 | Kimberly G. Stith | SVP - Chief HR Officer | Tax (F) | −356 | $220.13 | -$78.4K | EDGAR |
| 2026-09-08 | John A. Carroll | VP & Chief Accounting Officer | Sell (S) | −1,365 | $219.90 | -$300.2K | EDGAR |
| 2026-08-31 | John A. Carroll | VP & Chief Accounting Officer | Gift (G) | — | — | EDGAR | |
| 2026-08-10 | David L. Reed | EVP & CFO | Gift (G) | — | — | EDGAR | |
| 2026-06-08 | Rafael Carrasco | SVP of Enterprise Strategy | Mixed | — | $173.23 | -$250.8K | EDGAR |
| 2026-05-21 | John J Morris | President | Tax (F) | −566 | $220.49 | -$124.8K | EDGAR |
| 2026-05-21 | Tara J. Hemmer | EVP & Chief Operating Officer | Award (A) | +2,544 | — | EDGAR | |
| 2026-05-21 | Marcel Dalby | SVP Bus Optimiz & Collection | Award (A) | +2,257 | — | EDGAR | |
| 2026-05-18 | Thomas Bene | Director | Award (A) | +861 | $220.71 | $190.0K | EDGAR |
| 2026-05-18 | Bruce E. Chinn | Director | Award (A) | +861 | $220.71 | $190.0K | EDGAR |
| 2026-05-18 | Andres Gluski | Director | Award (A) | +861 | $220.71 | $190.0K | EDGAR |
| 2026-05-18 | Victoria M Holt | Director | Award (A) | +861 | $220.71 | $190.0K | EDGAR |
| 2026-05-18 | Kathleen M Mazzarella | Director | Award (A) | +1,314 | $220.71 | $290.0K | EDGAR |
| 2026-05-18 | Maryrose Sylvester | Director | Award (A) | +861 | $220.71 | $190.0K | EDGAR |
| 2026-05-18 | Sean E Menke | Director | Award (A) | +861 | $220.71 | $190.0K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
WM Insider Holdings
22 insiders · @ $229.58
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | James C Fish Jr | Chief Executive Officer | 257,229 | $59.05M | -$106.79M | 83 | 2026-03-05 |
| 2 | John J Morris | President | 101,811 | $23.37M | -$67.08M | 65 | 2026-05-21 |
| 3 | Devina A Rankin | EVP & CFO | 83,934 | $19.27M | -$37.50M | 52 | 2025-05-28 |
| 4 | Tara J. Hemmer | EVP & Chief Operating Officer | 81,461 | $18.70M | -$17.40M | 43 | 2026-05-21 |
| 5 | Michael J. Watson | Sr. VP-Chief Customer Officer | 64,009 | $14.70M | -$14.83M | 33 | 2026-03-05 |
| 6 | Charles C Boettcher | EVP, Chief Legal Officer | 60,955 | $13.99M | -$14.01M | 40 | 2026-03-05 |
| 7 | Victoria M Holt | Director | 23,881 | $5.48M | -$88.7K | 29 | 2026-05-18 |
| 8 | Andres Gluski | Director | 18,383 | $4.22M | $0 | 23 | 2026-05-18 |
| 9 | Kathleen M Mazzarella | Director | 18,276 | $4.20M | $0 | 23 | 2026-05-18 |
| 10 | Rafael Carrasco | SVP of Enterprise Strategy | 15,539 | $3.57M | -$5.55M | 25 | 2026-06-08 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
WM Board & Officers
As of SEC filings through Sep 8, 2026Directors 8
- Victoria M Holt · since Jan 28, 2013
- Andres Gluski · since Jan 1, 2015
- Kathleen M Mazzarella · since Oct 1, 2015
- William B Plummer · since Aug 19, 2019
- Maryrose Sylvester · since Mar 15, 2021
- Sean E Menke · since Mar 15, 2021
- Bruce E. Chinn · since Feb 10, 2023
- Thomas Bene · since Mar 1, 2024
Officers 12
- James C Fish Jr · Chief Executive Officer · listed since Feb 2026
- David L. Reed · EVP & CFO · since Nov 1, 2025
- Michael J. Watson · Sr. VP-Chief Customer Officer · since Oct 1, 2018
- Tara J. Hemmer · SVP & Chief Sustainability Off · listed since Oct 2021
- John A. Carroll · VP & Chief Accounting Officer · since Mar 7, 2023
- Johnson Varkey · SVP-Chief Information Officer · since Jan 1, 2024
- Kimberly G. Stith · SVP - Chief HR Officer · since Sep 1, 2024
- Charles C Boettcher · EVP, Chief Legal Officer · listed since Nov 2024
- Donald J Smith · Sr. VP - Operations · since Jan 1, 2023
- Christopher P. DeSantis · SVP Operations - East · since Oct 30, 2023
- Rafael Carrasco · SVP of Enterprise Strategy · listed since Feb 2024
- Marcel Dalby · SVP Bus Optimiz & Collection · since May 13, 2026
Changes in the last 10 years (46)
| May 13, 2026 | The company announced the departure of John J Morris as President & COO in an SEC filing |
| May 13, 2026 | Marcel Dalby became SVP Bus Optimiz & Collection |
| Feb 2, 2026 | James C Fish Jr listed as Chief Executive Officer (previously Pres, Chief Executive Officer) in SEC filings |
| Nov 1, 2025 | David L. Reed became EVP & CFO |
| Aug 21, 2025 | The company announced the departure of Devina A Rankin as EVP & CFO in an SEC filing |
| May 21, 2025 | John J Morris listed as President & COO (previously EVP & Chief Operation Officer) in SEC filings |
| Nov 12, 2024 | Charles C Boettcher listed as EVP, Chief Legal Officer (previously EVP, Corp Development & CLO) in SEC filings |
| Sep 1, 2024 | Kimberly G. Stith became SVP - Chief HR Officer |
| Mar 1, 2024 | Thomas Bene became a director |
| Mar 1, 2024 | The company announced the departure of John C Pope from the board in an SEC filing |
| Feb 15, 2024 | Rafael Carrasco listed as SVP of Enterprise Strategy (previously SVP Operations) in SEC filings |
| Jan 1, 2024 | Johnson Varkey became SVP-Chief Information Officer |
| Oct 30, 2023 | Christopher P. DeSantis became SVP Operations - East |
| Mar 9, 2023 | Leslie K Nagy reported in an SEC filing no longer being VP & Chief Accounting Officer |
| Mar 7, 2023 | John A. Carroll became VP & Chief Accounting Officer |
| Feb 10, 2023 | Bruce E. Chinn became a director |
| Feb 6, 2023 | The company announced the departure of Thomas H Weidemeyer from the board in an SEC filing |
| Jan 1, 2023 | Donald J Smith became Sr. VP - Operations |
| Aug 15, 2022 | Kelly C. Rooney became SVP Chief People Officer |
| Jan 3, 2022 | Devina A Rankin listed as EVP & CFO (previously EVP, CFO and Treasurer) in SEC filings |
| Oct 5, 2021 | Tara J. Hemmer listed as SVP & Chief Sustainability Off (previously Sr VP, Operations) in SEC filings |
| Jul 1, 2021 | Rafael Carrasco became SVP Operations |
| Mar 15, 2021 | Sean E Menke became a director |
| Mar 15, 2021 | Maryrose Sylvester became a director |
| Feb 21, 2020 | Devina A Rankin listed as EVP, CFO and Treasurer (previously SVP, CFO and Treasurer) in SEC filings |
| Feb 21, 2020 | Charles C Boettcher listed as EVP, Corp Development & CLO (previously Sr VP and Chief Legal Officer) in SEC filings |
| Aug 19, 2019 | William B Plummer became a director |
| Feb 19, 2019 | Tara J. Hemmer listed as Sr VP, Operations (previously SVP Operat Safety Envir Compl) in SEC filings |
| Feb 19, 2019 | John J Morris listed as EVP & Chief Operation Officer (previously Sr. VP Operations) in SEC filings |
| Jan 1, 2019 | Steve Batchelor became Sr. Vice President Operations |
| Dec 3, 2018 | Tamla Oates-Forney became Sr VP and Chief HR Officer |
| Oct 1, 2018 | Michael J. Watson became Sr. VP-Chief Customer Officer |
| Jan 1, 2018 | Tara J. Hemmer became SVP Operat Safety Envir Compl |
| Nov 13, 2017 | Leslie K Nagy became VP & Chief Accounting Officer |
| Oct 13, 2017 | Nikolaj H Sjoqvist became SVP, Chief Digital Officer |
| Mar 2, 2017 | Devina A Rankin listed as SVP, CFO and Treasurer (previously VP, Treasurer & Acting CFO) in SEC filings |
| Feb 21, 2017 | John J Morris listed as Sr. VP Operations (previously Sr VP Field Operations) in SEC filings |
| Feb 21, 2017 | Jeff M Harris listed as Sr. VP Operations (previously Senior Vice President) in SEC filings |
| Feb 21, 2017 | James E Trevathan Jr listed as EVP & Chief Operating Officer (previously Executive Vice President) in SEC filings |
| Feb 21, 2017 | Devina A Rankin listed as VP, Treasurer & Acting CFO (previously VP & Treasurer) in SEC filings |
| Feb 21, 2017 | Barry H Caldwell listed as Sr VP Corp Affairs/Chief Peopl (previously Senior Vice President) in SEC filings |
| Feb 1, 2017 | David P Steiner reported in an SEC filing no longer being a director |
| Feb 1, 2017 | David P Steiner reported in an SEC filing no longer being President and CEO |
| Jan 1, 2017 | Charles C Boettcher became Sr VP and Chief Legal Officer |
| Nov 15, 2016 | James C Fish Jr listed as Pres, Chief Executive Officer (previously Pres, Chief Financial Officer) in SEC filings |
| Nov 2, 2016 | Darren K Shade became VP & Chief Accounting Officer |
Not reported recently (13)
- Kelly C. Rooney · Last reported as SVP Chief People Officer in an SEC filing dated Mar 5, 2024
- Nikolaj H Sjoqvist · Last reported as SVP, Chief Digital Officer in an SEC filing dated Apr 29, 2022
- Tamla Oates-Forney · Last reported as Sr VP and Chief HR Officer in an SEC filing dated Apr 7, 2022
- Steve Batchelor · Last reported as Sr. Vice President Operations in an SEC filing dated Mar 3, 2022
- Frank M Clark · Last reported as a director in an SEC filing dated Jan 21, 2021
- Patrick W Gross · Last reported as a director in an SEC filing dated Jan 17, 2020
- Jeff M Harris · Last reported as Sr. VP Operations in an SEC filing dated Nov 8, 2018
- Barry H Caldwell · Last reported as Sr VP Corp Affairs/Chief Peopl in an SEC filing dated May 8, 2018
- James E Trevathan Jr · Last reported as EVP & Chief Operating Officer in an SEC filing dated Feb 22, 2018
- Bradbury H Anderson · Last reported as a director in an SEC filing dated Jan 18, 2018
- Darren K Shade · Last reported as VP & Chief Accounting Officer in an SEC filing dated Mar 2, 2017
- W Robert Reum · Last reported as a director in an SEC filing dated Jan 19, 2017
- Don P Carpenter · Last reported as VP & Chief Acctg Officer in an SEC filing dated Jan 5, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
WM Proposed Insider Sales (Form 144)
Latest: 2026-09-04
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
1 filing
· $300K notice value
· 1 unique filer
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Carroll John A. (1, $300K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-04 | Carroll John A. | Officer | 1,365 | $300.2K | 2026-09-04 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-06-05 | Carrasco Rafael | Officer | 2,655 | $585.3K | 2026-06-05 | Merrill Lynch | — | EDGAR |
| 2026-03-09 | Reed David L. | Officer | 75 | $18.4K | 2026-03-09 | Merrill Lynch | — | EDGAR |
| 2026-03-09 | Carroll John A. | Officer | 47 | $11.5K | 2026-03-09 | Merrill Lynch | — | EDGAR |
| 2026-03-09 | DeSantis Christopher P. | Officer | 61 | $15.0K | 2026-03-09 | Merrill Lynch | — | EDGAR |
| 2026-03-09 | Varkey Johnson | Officer | 121 | $29.7K | 2026-03-09 | Merrill Lynch | — | EDGAR |
| 2026-03-09 | Morris John J | Officer | 4,211 | $1.02M | 2026-03-09 | Merrill Lynch | 10b5-1 | EDGAR |
| 2026-03-06 | Morris John J | Officer | 7,979 | $1.96M | 2026-03-06 | Merrill Lynch | 10b5-1 | EDGAR |
| 2026-03-03 | Varkey Johnson | Officer | 617 | $150.6K | 2026-03-03 | Merrill Lynch | — | EDGAR |
| 2026-03-02 | Hemmer Tara J. | Officer | 4,818 | $1.17M | 2026-03-02 | Merrill Lynch | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-14
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-14 | 0001104659-26-060755 | EDGAR |
| 2026-05-13 | 0001104659-26-059860 | EDGAR |
| 2026-04-28 | 0001104659-26-050425 | EDGAR |
| 2026-03-25 | 0001104659-26-034537 | EDGAR |
| 2026-03-13 | 0001104659-26-027703 | EDGAR |
| 2026-03-06 | 0001104659-26-024739 | EDGAR |
| 2026-01-28 | 0001104659-26-007476 | EDGAR |
| 2025-11-20 | 0001104659-25-114641 | EDGAR |
| 2025-10-27 | 0001104659-25-102615 | EDGAR |
| 2025-08-27 | 0001104659-25-084026 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-09 | 0001104659-26-012049 | EDGAR |
| 2025-02-19 | 0001558370-25-001132 | EDGAR |
| 2024-02-13 | 0001558370-24-001049 | EDGAR |
| 2023-02-07 | 0001558370-23-000964 | EDGAR |
| 2022-02-15 | 0001558370-22-001179 | EDGAR |
| 2021-02-22 | 0001558370-21-001348 | EDGAR |
| 2020-02-13 | 0001558370-20-000762 | EDGAR |
| 2019-02-14 | 0001558370-19-000662 | EDGAR |
| 2018-02-15 | 0001558370-18-000716 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-04-29 | 0001104659-26-051283 | EDGAR |
| 2025-10-28 | 0001104659-25-103136 | EDGAR |
| 2025-07-29 | 0001558370-25-009726 | EDGAR |
| 2025-04-29 | 0001558370-25-005805 | EDGAR |
| 2024-10-28 | 0001558370-24-013762 | EDGAR |
| 2024-07-25 | 0001558370-24-010155 | EDGAR |
| 2024-04-25 | 0001558370-24-005734 | EDGAR |
| 2023-10-25 | 0001558370-23-016700 | EDGAR |
| 2023-07-26 | 0001558370-23-012266 | EDGAR |
| 2023-04-27 | 0001558370-23-007024 | EDGAR |
ETF Holders
306 ETFs hold WM
25 shown · $11.01B total exposure · 0.17% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.11% | $2.6B | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.12% | $2.0B | — | 2026-09-30 |
| 3 | IVV iShares Core S&P 500 ETF | iShares (BlackRock) | 0.13% | $1.1B | $885.8B | 2026-10-19 |
| 4 | SPY State Street® SPDR® S&P 500® ETF Trust | SPDR (State Street) | 0.13% | $1.0B | $816.6B | 2026-10-19 |
| 5 | VTV Vanguard Morningstar Value ETF | Vanguard | 0.31% | $776.2M | — | 2026-09-30 |
| 6 | XLI State Street® Industrial Select Sector SPDR® ETF | SPDR (State Street) | 1.59% | $480.3M | $30.3B | 2026-10-19 |
| 7 | VIG Vanguard Dividend Appreciation ETF | Vanguard | 0.34% | $428.9M | — | 2026-09-30 |
| 8 | USMV iShares MSCI USA Min Vol Factor ETF | iShares (BlackRock) | 1.35% | $319.8M | $24.0B | 2026-10-19 |
| 9 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.32% | $308.7M | — | 2026-09-30 |
| 10 | SPYM State Street® SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.13% | $232.0M | $182.9B | 2026-10-19 |
| 11 | RSP Invesco S&P 500 Equal Weight ETF | Invesco | 0.21% | $205.7M | — | 2026-10-19 |
| 12 | SDY State Street® SPDR® S&P® Dividend ETF | SPDR (State Street) | 0.71% | $151.0M | $21.4B | 2026-10-19 |
| 13 | DGRO iShares Core Dividend Growth ETF | iShares (BlackRock) | 0.32% | $142.1M | $44.2B | 2026-10-19 |
| 14 | IVE iShares S&P 500 Value ETF | iShares (BlackRock) | 0.28% | $139.9M | $50.2B | 2026-10-19 |
| 15 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.16% | $137.6M | $84.3B | 2026-10-19 |
| 16 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.13% | $114.1M | — | 2026-10-19 |
| 17 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.11% | $108.2M | $96.7B | 2026-10-19 |
| 18 | SPYV State Street® SPDR® Portfolio S&P 500® Value ETF | SPDR (State Street) | 0.28% | $106.7M | $37.9B | 2026-10-19 |
| 19 | DUHP Dimensional US High Profitability ETF | Dimensional | 0.55% | $105.6M | — | 2026-10-19 |
| 20 | VIS Vanguard Industrials ETF | Vanguard | 1.23% | $105.4M | — | 2026-09-30 |
| 21 | VV Vanguard Morningstar Large-Cap ETF | Vanguard | 0.13% | $96.0M | — | 2026-09-30 |
| 22 | IWF iShares Russell 1000 Growth ETF | iShares (BlackRock) | 0.07% | $85.3M | $125.0B | 2026-10-19 |
| 23 | SCHX Schwab U.S. Large-Cap ETF | Nport | 0.12% | $83.6M | — | 2026-05-31 |
| 24 | IUSV iShares Core S&P U.S. Value ETF | iShares (BlackRock) | 0.27% | $74.3M | $28.2B | 2026-10-19 |
| 25 | IDU iShares U.S. Utilities ETF | iShares (BlackRock) | 5.48% | $73.8M | $1.4B | 2026-10-19 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
32.52
TTM Diluted EPS
$7.06
TTM Revenue
$25.67B
TTM Net Income
$2.85B
TTM Op. Cash Flow
$6.52B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $6.68B | $785.00M | $1.95 | $1.73B |
| Q1 '26 | 2026-03-31 | $6.23B | $723.00M | $1.79 | $1.50B |
| Q4 '25 | 2025-12-31 | $6.31B | $742.00M | $1.83 | $1.70B |
| Q3 '25 | 2025-09-30 | $6.44B | $603.00M | $1.49 | $1.59B |
| Q2 '25 | 2025-06-30 | $6.43B | $726.00M | $1.80 | $1.54B |
| Q1 '25 | 2025-03-31 | $6.02B | $637.00M | $1.58 | $1.21B |
| Q4 '24 | 2024-12-31 | $5.89B | $598.00M | $1.48 | $1.51B |
| Q3 '24 | 2024-09-30 | $5.61B | $760.00M | $1.88 | $1.36B |
| Q2 '24 | 2024-06-30 | $5.40B | $680.00M | $1.69 | $1.15B |
| Q1 '24 | 2024-03-31 | $5.16B | $708.00M | $1.75 | $1.37B |
| Q4 '23 | 2023-12-31 | $5.22B | $493.00M | $1.22 | $1.38B |
| Q3 '23 | 2023-09-30 | $5.20B | $663.00M | $1.63 | $1.26B |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-29
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
32.52
P/B
9.34
P/S
3.61
EV/EBITDA
14.72
EV/Sales
4.46
ROE
28.7%
ROA
6.1%
Div Yield
1.59%
FCF Yield
7.03%
Debt/Equity
2.24
Current Ratio
—
Market Cap
$92.71B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
7.79M
SI % of Float
2.09%
Days to Cover
3.60
Short Vol Ratio
43.7%
Free Float
373.30M
Float %
93.0%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-05-27