SCHEDULE: FMR LLC Reports 9.6% Stake in GFL Environmental
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have reported a 9.6% beneficial ownership stake in GFL Environmental Inc.'s Subordinate Voting Shares as of June 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 34,069,083.06 Subordinate Voting Shares of GFL Environmental Inc.
- This ownership represents 9.6% of the total outstanding Subordinate Voting Shares.
- The filing date for this Schedule 13G Amendment No. 5 is August 5, 2025, with the event date being June 30, 2025.
- FMR LLC holds sole voting power over 30,442,742.62 shares.
- Both FMR LLC and Abigail P. Johnson hold sole dispositive power over 34,069,083.06 shares.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of GFL Environmental Inc.
Sentiment
Score: 6
Explanation: The filing is a routine beneficial ownership report, indicating a significant and stable institutional holding by FMR LLC, which is generally viewed as a positive signal of investor confidence, though it provides no new operational or financial insights.
Positives
- A significant institutional investor, FMR LLC, maintains a substantial 9.6% beneficial ownership in GFL Environmental Inc., indicating continued confidence in the company.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of GFL Environmental Inc.
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional ownership stake, which can influence market perception of stability and institutional confidence.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Effective date of Power of Attorney for Richard Bourgelas, authorizing him to sign on behalf of FMR LLC and Abigail P. Johnson. |
| 08/08/2023 | Date of previous Schedule 13G filing by FMR LLC, referenced for Power of Attorney accession number. |
| 06/30/2025 | Date of event which requires the filing of this statement. |
| 08/05/2025 | Date of filing of this Schedule 13G Amendment No. 5. |
Keywords
GFL Environmental Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Subordinate Voting Shares, Institutional Investor
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.