Capital Research Global Investors reports 6.7% stake in GFL (TSX: GFL)

Rhea-AI Filing Summary

Capital Research Global Investors amended its Schedule 13G to report beneficial ownership of 23,151,980 shares of GFL Environmental Inc. The filing states this equals 6.7% of the 346,575,862 shares believed to be outstanding. The filing designates CRGI with sole voting and dispositive power over the reported shares.

Insights

Institutional Ownership Analyst

Large passive stake reported: 23,151,980 shares (6.7%).

Capital Research Global Investors files an amendment showing beneficial ownership of 23,151,980 common shares, representing 6.7% of the company's stated outstanding share count of 346,575,862. The filing lists sole voting and dispositive power for CRGI.

The disclosure is consistent with passive institutional holdings disclosures; subsequent trading activity by the manager or changes in outstanding shares would alter this percentage and will appear in future amendments.

Regulatory Compliance Specialist

Amendment updates Schedule 13G ownership details and authority.

The amendment clarifies that CRGI is deemed beneficial owner through affiliated investment management entities and states sole voting/dispositive authority over the reported shares. The filing is labeled as an amendment and is procedural under beneficial ownership reporting rules.

Filing preserves standard disclosures about chain of entities; any change in voting or disposition authority would require a new amendment.

Key Figures

Beneficially owned: 23,151,980 shares Percent of class: 6.7% Shares outstanding (stated): 346,575,862 shares

3 metrics

Beneficially owned 23,151,980 shares Amendment to Schedule 13G

Percent of class 6.7% of 346,575,862 shares believed outstanding

Shares outstanding (stated) 346,575,862 shares shares believed to be outstanding (filing)

Key Terms

Schedule 13G, beneficial owner, sole dispositive power

3 terms

Schedule 13G regulatory

"amendment showing beneficial ownership on Schedule 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficial owner regulatory

"is deemed to be the beneficial owner of 23,151,980 shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 23,151,980"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 10:19 AM Learn about SEC filing dates

FAQ

What stake does Capital Research Global Investors report in GFL (GFL)?

Answer: The filing reports 23,151,980 shares, equal to 6.7% of the company’s 346,575,862 shares believed outstanding. The disclosure appears in an amended Schedule 13G signed May 11, 2026.

Does Capital Research have voting or disposal authority over GFL shares?

Answer: Yes. The amendment states CRGI has sole power to vote and sole power to dispose of the 23,151,980 shares reported, with no shared voting or dispositive power listed in the filing.

What entities make up Capital Research’s report for GFL ownership?

Answer: The filing attributes ownership to Capital Research Global Investors and affiliated investment management entities including Capital Research and Management Company and listed subsidiaries, which collectively are deemed beneficial owners of the reported shares.

When was the Schedule 13G/A amendment for GFL signed?

Answer: The amendment is signed by Jae Won Chung, Vice President and Senior Counsel II at Capital Research and Management Company, dated 05/11/2026, and amends previously filed beneficial ownership information.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

GFL Environmental Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

36168Q104

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 36168Q104

1

Names of Reporting Persons

Capital Research Global Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,151,980.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,151,980.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

23,151,980.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GFL Environmental Inc.
(b)	Address of issuer's principal executive offices: 1759 PURDY AVENUE, 3RD FLOOR, MIAMI, FL 33139
Item 2.
(a)	Name of person filing: Capital Research Global Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 36168Q104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 23,151,980 ** **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 23,151,980 shares or 6.7% of the 346,575,862 shares believed to be outstanding.
(b)	Percent of class: 6.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 23,151,980
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 23,151,980
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	05/11/2026