Bill Gates' Cascade fund owns stake in Republic Services (NYSE: RSG); share count disclosed
Cascade Investment and William H. Gates III reported a 37.9% stake in Republic Services (RSG), owning 116,166,330 shares. They acquired 3,762,705 shares in open-market transactions through September 8, 2026, according to an amended Schedule 13D filing.
How this was made
The 30-second read
Why it matters
The 13D filing reveals a major new shareholder, which may affect future governance and strategic direction.
Market read
New large ownership stake could move RSG stock and influence sector sentiment.
What to watch
Potential future board representation or strategic partnership not disclosed.
Background
Republic Services is a leading US waste management firm; Cascade Investment is Bill Gates' private investment vehicle.
Ticker impact
Cascade Investment disclosed a 37.9% beneficial ownership stake in Republic Services, filing an amended Schedule 13D.
Potential modest upside as market assesses the strategic implications of the new major holder.
The filing is the first public disclosure of a significant ownership change in a large-cap waste services company.
Market effects
May signal consolidation interest in waste management sector.
US waste services market could see increased investor attention.
Limited to sector-specific investors.
Counterpoint
Stake could be passive investment with no operational impact.
Key entities
- CompanyRepublic Services
US waste management and recycling services provider.
- Investment VehicleCascade Investment
Bill Gates' private investment firm.





