[SCHEDULE 13G] GFL Environmental Inc. Subordinate Voting Shares SEC Filing

Rhea-AI Filing Summary

Capital Research Global Investors reports beneficial ownership of 19,094,731 shares of GFL Environmental Inc. common stock, equal to 5.4% of the 354,894,220 shares the filing states are believed outstanding. The filing discloses sole voting power over 19,094,512 shares and sole dispositive power over 19,094,731 shares.

The disclosure is made on a Schedule 13G and states the position is held in the ordinary course of business and not for the purpose of changing or influencing control. The filer is an investment-adviser division of Capital Research and Management Company, with affiliated investment management entities named as related parties.

Positive

• Reported beneficial ownership of 19,094,731 shares, a clear, material disclosure
• Stake equals 5.4% of shares outstanding, crossing the 5% disclosure threshold
• Filer discloses sole voting and dispositive power for the bulk of the position
• Schedule 13G filing states holdings are in the ordinary course and not to change control

Negative

• None.

Insights

Financial Analyst

TL;DR: An institutional investor reports a 5.4% passive stake in GFL, disclosing sole voting and dispositive power over ~19.09M shares.

Capital Research Global Investors reports beneficial ownership of 19,094,731 shares, representing 5.4% of the shares the filing cites as outstanding. The filing is a Schedule 13G and explicitly states the securities are held in the ordinary course of business and not to influence control. For market participants, a >5% passive stake signals significant institutional ownership but the filer affirms a non-control intent, which ordinarily reduces immediate governance implications.

Corporate Governance Expert

TL;DR: CRGI reports sole voting and dispositive authority over most of its 19.09M-share position while affirming passive intent in the Schedule 13G.

The filing discloses sole voting power for 19,094,512 shares and sole dispositive power for 19,094,731 shares, indicating centralized internal authority to vote and dispose of the reported holdings. The Schedule 13G certification that the position is not held to change control is material to governance assessment: it characterizes the holder as passive under the filing rules, limiting immediate regulatory or takeover implications.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

GFL Environmental Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

36168Q104

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 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 19,094,512.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 19,094,731.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,094,731.00

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)

5.4 %

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: 100 NEW PARK PLACE, SUITE 500, VAUGHAN, Ontario L4K 0H9, Canada
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: 19,094,731 ** **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 19,094,731 shares or 5.4% of the 354,894,220 shares believed to be outstanding.
(b)	Percent of class: 5.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 19,094,512
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 19,094,731
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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:	08/05/2025

FAQ

How many GFL shares does Capital Research Global Investors (CRGI) report owning?

The filing reports 19,094,731 shares beneficially owned by CRGI.

What percentage of GFL does CRGI's position represent?

The position represents 5.4% of the shares the filing states are believed outstanding.

Does CRGI have voting or dispositive power over the reported shares?

Yes. The filing discloses sole voting power over 19,094,512 shares and sole dispositive power over 19,094,731 shares.

What type of SEC filing did CRGI submit for this disclosure?

CRGI submitted a Schedule 13G reporting its beneficial ownership.

Did the filing state the shares were acquired to influence control of GFL?

No. The filing certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control.