GFL Environmental Inc.
US ˙ NYSE ˙ CA36168Q1046

SecurityGFL / GFL Environmental Inc.
InstitutionMackenzie Financial Corp
Latest Disclosed Ownership1,412,935 shares
Latest Disclosed Value $ 58,932,378
Mackenzie Financial Corp reports 150.92% increase in ownership of GFL / GFL Environmental Inc.

On May 13, 2026 - Mackenzie Financial Corp filed a 13F-HR form disclosing ownership of 1,412,935 shares of GFL Environmental Inc. (US:GFL) valued at $58,947,648 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 18, 2026 disclosing 563,108 shares of GFL Environmental Inc.. This represents a change in shares of 150.92% during the quarter. The current value of the position is $50,583,073 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-13 2026-03-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 1,412,935 849,827 150.92 58,932 140.11 0.0707
2026-02-18 2025-12-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 563,108 253,764 82.03 24,545 67.44 0.0291
2025-11-13 2025-09-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 309,344 8,746 2.91 14,658 -3.46 0.0178
2025-08-13 2025-06-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 300,598 21,650 7.76 15,183 12.69 0.0197
2025-05-07 2025-03-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 278,948 47,600 20.58 13,473 30.78 0.0192
2025-05-02 2024-12-31 13F/A-2 GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 231,348 98,539 74.20 10,302 94.49 0.0140
2025-02-20 2024-12-31 13F/A-1 GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 231,348 98,539 10,302 0.0134
2025-02-14 2024-12-31 13F GFL Environmental Common Stock 36168Q104 231,348 98,539 10,133 0.0145
2024-11-13 2024-09-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 132,809 -64,324 -32.63 5,298 -31.01 0.0074
2024-08-14 2024-06-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 197,133 -12,644 -6.03 7,678 6.11 0.0114
2024-05-10 2024-03-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 209,777 20,387 10.76 7,237 10.71 0.0104
2024-01-30 2023-12-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 189,390 6,216 3.39 6,537 15.01 0.0099
2023-10-25 2023-09-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 183,174 1,171 0.64 5,683 -19.57 0.0096
2023-08-03 2023-06-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 182,003 -2,031,526 -91.78 7,066 -90.74 0.0107
2023-04-24 2023-03-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 2,213,529 545,948 32.74 76,317 56.97 0.1179
2023-02-14 2022-12-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 1,667,581 307,206 22.58 48,618 41.57 0.0812
2022-10-07 2022-09-30 13F GFL Environmental Common Stock 36168Q104 1,360,375 -156,350 -10.31 34,341 -12.11 0.0591
2022-08-10 2022-06-30 13F GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104 1,516,725 489,908 47.71 39,073 16.82 0.0626
2022-05-13 2022-03-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 1,026,817 -58,700 -5.41 33,448 -18.51 0.0448
2022-02-14 2021-12-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 1,085,517 489,866 82.24 41,047 85.66 0.0553
2021-11-08 2021-09-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 595,651 192,473 47.74 22,109 71.73 0.0314
2021-08-11 2021-06-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 403,178 328,339 438.73 12,874 392.69 0.0179
2021-05-14 2021-03-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 74,839 25,925 53.00 2,613 83.76 0.0040
2021-02-10 2020-12-31 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 48,914 -12,287 -20.08 1,422 9.22 0.0031
2020-11-13 2020-09-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 61,201 41,803 215.50 1,302 258.68 0.0032
2020-08-13 2020-06-30 13F GFL ENVIRONMENTAL SUB VTG SHS 36168Q104 19,398 19,398 363 0.0010
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.