Nordea Investment Management AB lowered its stake in shares of Waste Management, Inc. ( NYSE:WM – Free Report ) by 12.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,774,249 shares of the business services provider's stock after selling 665,682 shares during the period. Waste Management comprises about 1.1% of Nordea Investment Management AB's portfolio, making the stock its 16th largest holding. Nordea Investment Management AB owned 1.17% of Waste Management worth $779,683,000 as of its most recent filing with the SEC.

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