GFL Environmental (GFL) Slid Following the Deal Reveal

Fred Alger Management , an investment management company, released its "Alger Mid Cap Focus Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here . US equities strongly rebounded in the second quarter, with the S&P 500 Index returning 15.2%. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) fueled market optimism in the quarter, driving the Information Technology and Industrials sectors forward, while Energy and Utilities lagged due to falling oil and gas prices. Despite discussions about AI disruption, opportunities are identified within sectors adopting the technology as it enters its agentic phase. The Alger Mid Cap Focus Fund's Class A shares outperformed the Russell Midcap Growth Index in the quarter, driven by strong performances in Information Technology and Health Care, while Communication Services and Consumer Discretionary detracted from the performance. In addition, please check the Fund's top five holdings to know its best picks in 2026.

In its Q2 2026 investor letter, Alger Mid Cap Focus Fund highlighted GFL Environmental Inc. (NYSE: GFL ). GFL Environmental Inc. (NYSE:GFL) is a Canadian-based waste management company offering non-hazardous solid waste management services. On July 17, 2026, GFL Environmental Inc. (NYSE:GFL) closed at $39.56 per share, reflecting a market capitalization of $14.28 billion. GFL Environmental Inc. (NYSE:GFL) posted a one-month return of 13.03%, while its shares lost 15.87% over the past 52 weeks.

Alger Mid Cap Focus Fund stated the following regarding GFL Environmental Inc. (NYSE:GFL) in its Q2 2026 investor update:

"Insmed Incorporated, GFL Environmental Inc. (NYSE:GFL), and Karman Holdings Inc. were among the top detractors from performance. GFL Environmental is one of the largest diversified environmental services companies in North America, providing solid waste collection, recycling, and related services across Canada and a broad footprint of U.S. states. During the quarter, shares detracted from performance even as the company reported better-than expected first-quarter results and raised its full-year guidance. The weakness instead centered on GFL's announcement of a sizeable acquisition that expands its presence in Western Canada, which pressured the stock as investors weighed the equity component used to fund the deal and the integration involved in absorbing a large new platform."

GFL Environmental Inc. (NYSE:GFL) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 . According to our database, 44 hedge fund portfolios held GFL Environmental Inc. (NYSE:GFL) at the end of the first quarter, up from 43 in the previous quarter. While we acknowledge the potential of GFL Environmental Inc. (NYSE:GFL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .

In another article , we covered GFL Environmental Inc. (NYSE:GFL) and shared the list of best Canadian infrastructure stocks to buy. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey .

Sinergia Empresarial continuará el seguimiento de esta información sobre gFL Environmental (GFL) Slid Following the Deal Reveal y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.