WEST FRASER TIMBER CO LTD WFG
COM · Common Stock · CUSIP 952845105 · ISIN CA9528451052
- SectorMaterials
- IndustrySawmills & Planting Mills, General
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $69.43. Options: 5 managers hold calls ($6.9m notional), 3 hold puts ($3.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 182 |
| Q4 2022 | 199 |
| Q1 2023 | 195 |
| Q2 2023 | 199 |
| Q3 2023 | 204 |
| Q4 2023 | 199 |
| Q1 2024 | 201 |
| Q2 2024 | 207 |
| Q3 2024 | 208 |
| Q4 2024 | 211 |
| Q1 2025 | 214 |
| Q2 2025 | 202 |
| Q3 2025 | 176 |
| Q4 2025 | 157 |
| Q1 2026 | 173 |
| Q2 2026 | 167 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 85 | 117 |
| Q4 2024 | 105 | 95 |
| Q1 2025 | 104 | 107 |
| Q2 2025 | 104 | 96 |
| Q3 2025 | 87 | 110 |
| Q4 2025 | 76 | 95 |
| Q1 2026 | 97 | 69 |
| Q2 2026 | 76 | 84 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $15.3m | $6.1m | 0.40 |
| Q4 2025 | $11.4m | $3.6m | 0.31 |
| Q1 2026 | $13.4m | $3.8m | 0.28 |
| Q2 2026 | $6.9m | $3.8m | 0.55 |
Biggest buyers
| Atlas FRM LLC | Added | +684.0k |
| VAN ECK ASSOCIATES CORP | Added | +465.7k |
| WELLINGTON MANAGEMENT GROUP LLP | New | +316.6k |
| GOLDMAN SACHS GROUP INC | Added | +214.9k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | New | +190.6k |
| SailingStone Capital Partners LLC | Added | +151.0k |
| QV Investors Inc. | Added | +119.9k |
| MACKENZIE FINANCIAL CORP | Added | +90.7k |
| Lloyd Harbor Capital Management, LLC | New | +85.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +62.9k |
Biggest sellers
| FMR LLC | Reduced | -577.4k |
| MANNING & NAPIER ADVISORS LLC | Reduced | -371.1k |
| Lightrock Netherlands B.V. | Sold out | -306.7k |
| T. Rowe Price Investment Management, Inc. | Reduced | -124.2k |
| NewGen Asset Management Ltd | Sold out | -100.0k |
| Caisse de depot et placement du Quebec | Sold out | -89.4k |
| DONALD SMITH & CO., INC. | Reduced | -72.8k |
| SCOTIA CAPITAL INC. | Reduced | -71.4k |
| INTACT INVESTMENT MANAGEMENT INC. | Reduced | -67.0k |
| Pictet Asset Management Holding SA | Reduced | -65.7k |
Biggest calls
| SIG North Trading, ULC | Added | $3.8m55.9k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $1.5m223 shares |
| CIBC WORLD MARKET INC. | Reduced | $1.4m20.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $209.8k3.1k shares |
| TORONTO DOMINION BANK | Reduced | $67.6k1.0k shares |
Biggest puts
| SIG North Trading, ULC | Reduced | $2.5m36.3k shares |
| CIBC WORLD MARKET INC. | New | $1.4m20.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $13.5k2 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FIL Ltd 13G · institution +3.6 pts · filed 2025-09-08 | 11.5% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FIL Ltd 0.42% of their portfolio | 8.7m $590.9m | Reduced -5.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 3.8m $254.3m | Added +62.9k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 3.5m $236.4m | Added +41.2k |
| MACKENZIE FINANCIAL CORP 0.18% of their portfolio | 1.9m $180.4m | Added +90.7k |
| 1832 Asset Management L.P. 0.15% of their portfolio | 1.8m $121.5m | Added +38.1k |
| DONALD SMITH & CO., INC. 1.95% of their portfolio | 1.6m $110.3m | Reduced -72.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.5m $101.4m | Reduced -20.7k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.42% of their portfolio | 1.4m $96.0m | Added +755 |
| MANNING & NAPIER ADVISORS LLC 0.95% of their portfolio | 1.1m $73.9m | Reduced -371.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.0m $68.7m | Added +214.9k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 831.9k $56.3m | Reduced -14.7k |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 802.2k $54.3m | Reduced -65.7k |
| Atlas FRM LLC 2.15% of their portfolio | 740.0k $50.1m | Added +684.0k |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 736.9k $49.8m | Added +465.7k |
| NORGES BANK 0.00% of their portfolio | 675.8k $45.7m | Not comparable |
| T. Rowe Price Investment Management, Inc. 0.03% of their portfolio | 601.5k $40.7m | Reduced -124.2k |
| FMR LLC 0.00% of their portfolio | 531.9k $36.0m | Reduced -577.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 455.3k $30.8m | Reduced -9.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 418.5k $28.3m | Added +23.9k |
| SailingStone Capital Partners LLC 7.41% of their portfolio | 412.2k $39.6m | Added +151.0k |
| QV Investors Inc. 1.85% of their portfolio | 356.0k $24.1m | Added +119.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 344.5k $23.3m | Reduced -533 |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 316.6k $21.4m | New |
| ROBOTTI ROBERT 3.23% of their portfolio | 296.0k $20.0m | Added +163 |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 284.8k $19.3m | Reduced -34.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 260.8k $17.7m | Added +44.8k |
| Invesco Ltd. 0.00% of their portfolio | 240.9k $16.3m | Reduced -29.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 205.3k $13.9m | Added +41.2k |
| TD Asset Management Inc 0.01% of their portfolio | 191.5k $13.0m | Added +8.0k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio | 190.6k $12.9m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 182.7k $12.4m | Reduced -18.2k |
| Northwest & Ethical Investments L.P. 0.27% of their portfolio | 172.6k $11.7m | Added +47.7k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 171.5k $11.6m | Added +6.8k |
| Amundi 0.00% of their portfolio | 159.7k $10.8m | Reduced -32.3k |
| MORGAN STANLEY 0.00% of their portfolio | 159.3k $10.8m | Added +41.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 155.2k $10.5m | Added +485 |
| Cerity Partners LLC 0.01% of their portfolio | 134.5k $9.1m | Reduced -1.9k |
| UBS Group AG 0.00% of their portfolio | 133.8k $9.1m | Reduced -9.0k |
| INTACT INVESTMENT MANAGEMENT INC. 0.25% of their portfolio | 131.0k $8.9m | Reduced -67.0k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 130.7k $8.8m | Added +23.0k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.06% of their portfolio | 130.0k $8.8m | Reduced -10.4k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.09% of their portfolio | 128.4k $12.3m | Reduced -11.2k |
| Smead Capital Management, Inc. 0.18% of their portfolio | 123.9k $8.4m | Added +9.1k |
| Swiss National Bank 0.00% of their portfolio | 107.3k $7.2m | Added +1.1k |
| BlackRock, Inc. 0.00% of their portfolio | 105.4k $7.1m | Reduced -3.6k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 101.6k $6.9m | Added +45.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 93.0k $6.3m | Added +59.4k |
| BARCLAYS PLC 0.00% of their portfolio | 91.4k $6.2m | Added +10.0k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 87.1k $5.9m | Reduced -1.1k |
| Lloyd Harbor Capital Management, LLC 6.71% of their portfolio | 85.0k $5.8m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 81.7k $5.5m | Reduced -596 |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 76.8k $5.2m | Reduced -7.1k |
| Legal & General Group Plc 0.00% of their portfolio | 72.9k $4.9m | Reduced -35.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 65.5k $4.5m | Added +2.6k |
| CIBC Asset Management Inc 0.01% of their portfolio | 56.5k $3.8m | Added +2.7k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 54.7k $3.6m | Added +8.8k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 54.0k $3.7m | Reduced -475 |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 51.6k $3.5m | Added +1.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 51.5k $3.5m | Reduced -476 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 46.5k $3.2m | Added +22.6k |
| Nuveen, LLC 0.00% of their portfolio | 41.9k $2.8m | Added +3.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 41.7k $2.8m | Added +868 |
| Cinctive Capital Management LP 0.10% of their portfolio | 37.8k $2.6m | New |
| Metis Global Partners, LLC 0.05% of their portfolio | 35.2k $2.4m | Added +4.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 33.2k $2.2m | Reduced -14.6k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 29.7k $2.0m | Reduced -3.9k |
| SCOTIA CAPITAL INC. 0.01% of their portfolio | 29.3k $1.9m | Reduced -71.4k |
| Candriam S.C.A. 0.01% of their portfolio | 27.7k $1.9m | Unchanged |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 27.6k $1.9m | Reduced -664 |
| MGO ONE SEVEN LLC 0.03% of their portfolio | 26.8k $1.8m | Added +1.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 23.6k $1.6m | Unchanged |
| Vontobel Holding Ltd. 0.01% of their portfolio | 22.2k $1.5m | Reduced -62 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 22.0k $1.5m | Unchanged |
| Aviso Financial Inc. 0.05% of their portfolio | 21.0k $1.4m | Added +7.0k |
| Quantbot Technologies LP 0.05% of their portfolio | 18.9k $1.3m | Added +5.4k |
| GUARDIAN CAPITAL LP 0.03% of their portfolio | 17.7k $1.2m | Reduced -192 |
| XTX Topco Ltd 0.01% of their portfolio | 17.0k $1.1m | Added +12.9k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 16.2k $1.1m | Added +4.1k |
| BANK OF NOVA SCOTIA TRUST CO 0.09% of their portfolio | 16.0k $1.1m | Added +273 |
| Alberta Investment Management Corp 0.01% of their portfolio | 15.1k $1.0m | Unchanged |
| BRANDES INVESTMENT PARTNERS, LP 0.01% of their portfolio | 14.5k $979.4k | Added +144 |
| LPL Financial LLC 0.00% of their portfolio | 13.8k $934.6k | Reduced -2.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 13.8k $933.3k | Reduced -35.7k |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 13.5k $911.3k | Unchanged |
| CoreCommodity Management, LLC 0.16% of their portfolio | 12.1k $817.3k | Reduced -31.5k |
| Swiss Life Asset Management Ltd 0.00% of their portfolio | 11.9k $805.8k | Added +331 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 11.4k $754.0k | Reduced -2.2k |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 10.1k $667.8k | Added +141 |
| EJF Capital LP 0.45% of their portfolio | 10.0k $676.9k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 9.3k $632.1k | Reduced -9.4k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 9.2k $626.1k | New |
| Engineers Gate Manager LP 0.01% of their portfolio | 9.2k $622.8k | New |
| NATIXIS 0.00% of their portfolio | 9.2k $622.2k | Unchanged |
| J.W. COLE ADVISORS, INC. 0.01% of their portfolio | 8.4k $568.0k | New |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 8.4k $581.4k | Added +2.0k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 8.1k $550.7k | Added +1.2k |
| Investment Management Corp of Ontario 0.01% of their portfolio | 8.1k $546.3k | Added +100 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 7.5k $488.1k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 7.3k $493.2k | Added +87 |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 6.5k $441.3k | New |