Vault-13

WEST FRASER TIMBER CO LTD WFG

COM · Common Stock · CUSIP 952845105 · ISIN CA9528451052

199 institutional holders -5 vs Q3 2023
31,914,29131.9m shares reported held*
$2.8bnreported value*
20 new 75 added 73 reduced 28 sold out net bought ≈ $53.5m (+633.5k shares)

* 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 ($4.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $86.29. Options: 5 managers hold calls ($4.3m notional), 6 hold puts ($2.4m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 182Q4 22: 199Q1 23: 195Q2 23: 199Q3 23: 204Q4 23: 199199Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022182
Q4 2022199
Q1 2023195
Q2 2023199
Q3 2023204
Q4 2023199

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 78 bought or addedQ4 22: 112 cut or sold outQ4 22Q1 23: 92 bought or addedQ1 23: 103 cut or sold outQ1 23Q2 23: 93 bought or addedQ2 23: 99 cut or sold outQ2 23Q3 23: 94 bought or addedQ3 23: 99 cut or sold outQ3 23Q4 23: 95 bought or addedQ4 23: 101 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202278112
Q1 202392103
Q2 20239399
Q3 20239499
Q4 202395101

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ1 23 calls: $17.0mQ1 23 puts: $14.1mQ1 23P/C 0.83Q2 23 calls: $21.8mQ2 23 puts: $10.5mQ2 23P/C 0.48Q3 23 calls: $35.5mQ3 23 puts: $23.6mQ3 23P/C 0.66Q4 23 calls: $4.3mQ4 23 puts: $2.4mQ4 23P/C 0.57
Numbers
QuarterCallsPutsP/C
Q1 2023$17.0m$14.1m0.83
Q2 2023$21.8m$10.5m0.48
Q3 2023$35.5m$23.6m0.66
Q4 2023$4.3m$2.4m0.57

Biggest buyers

FIL Ltd Added +587,028+587.0k
ROYAL BANK OF CANADA Added +499,381+499.4k
GOLDMAN SACHS GROUP INC Added +314,750+314.8k
JPMORGAN CHASE & CO Added +285,555+285.6k
Connor, Clark & Lunn Investment Management Ltd. Added +279,454+279.5k
PRICE T ROWE ASSOCIATES INC /MD/ Added +272,283+272.3k
BANK OF AMERICA CORP /DE/ Added +215,431+215.4k
Maple Rock Capital Partners Inc. Added +167,150+167.2k
BANK OF MONTREAL /CAN/ Added +147,526+147.5k
Mountaineer Partners Management, LLC Added +106,732+106.7k

Biggest sellers

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduced -689,973-690.0k
SCOPUS ASSET MANAGEMENT, L.P. Reduced -240,000-240.0k
Hudson Bay Capital Management LP Reduced -215,000-215.0k
MILLENNIUM MANAGEMENT LLC Reduced -203,523-203.5k
Waratah Capital Advisors Ltd. Sold out -190,270-190.3k
Point72 Asset Management, L.P. Sold out -142,112-142.1k
Public Sector Pension Investment Board Sold out -129,979-130.0k
Appian Way Asset Management LP Sold out -126,118-126.1k
RENAISSANCE TECHNOLOGIES LLC Reduced -112,800-112.8k
Vestcor Inc Sold out -89,300-89.3k

Biggest calls

CITADEL ADVISORS LLC Added $1.6m19.1k shares
D. E. Shaw & Co., Inc. New $1.3m15.0k shares
SIMPLEX TRADING, LLC Added $1.1m12.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $299.5k3.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $890.0k10.4k shares
Genus Capital Management Inc. New $658.2k7.7k shares
CITADEL ADVISORS LLC Added $479.2k5.6k shares
ASAHI LIFE ASSET MANAGEMENT CO., LTD. Reduced $307.8k3.6k shares
SIMPLEX TRADING, LLC Added $111.0k1.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

HolderStakeChangeShares Last filed
FIL Ltd 13G · institution +3.6 pts · filed 2025-09-08 11.5% +3.6 pts 8.8m≈ $597.0m 2025-09-08

Insider purchases and sales in Q4 2023

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 in Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Pictet Asset Management Holding SA 0.32% of their portfolio CAROUGE, V8 3,325,3603.3m $285.9m $285.9m 0.32% Reduced -73.5k -73,541
2 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 2,818,8692.8m $241.2m $241.2m 0.06% Added +499.4k +499,381
3 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 2,813,9702.8m $240.8m $240.8m 0.01% Added +28.4k +28,399
4 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 2,208,1192.2m $189.7m $189.7m 0.06% Added +147.5k +147,526
5 Connor, Clark & Lunn Investment Management Ltd. 0.51% of their portfolio VANCOUVER, A1 1,276,6131.3m $109.2m $109.2m 0.51% Added +279.5k +279,454
6 FMR LLC 0.01% of their portfolio BOSTON, MA 1,175,4881.2m $100.6m $100.6m 0.01% Added +84.8k +84,817
7 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 1,144,9391.1m $98.0m $98.0m 0.01% Added +272.3k +272,283
8 LETKO, BROSSEAU & ASSOCIATES INC 1.78% of their portfolio MONTREAL, A8 1,134,5021.1m $97.5m $97.5m 1.78% Added +9.3k +9,336
9 Bridgewater Advisors Inc. 14.16% of their portfolio NEW YORK, NY 1,091,5281.1m $93.4m $93.4m 14.16% Unchanged
10 NORGES BANK 0.01% of their portfolio OSLO, Q8 893,137893.1k $76.4m $76.4m 0.01% Reduced -58.0k -57,976
11 MACKENZIE FINANCIAL CORP 0.10% of their portfolio TORONTO ONTARIO, A6 760,146760.1k $65.1m $65.1m 0.10% Added +43.9k +43,859
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 627,938627.9k $53.7m $53.7m 0.00% Added +285.6k +285,555
13 Grantham, Mayo, Van Otterloo & Co. LLC 0.23% of their portfolio Boston, MA 594,821594.8k $51.1m $51.1m 0.23% Added +15.4k +15,448
14 FIL Ltd 0.05% of their portfolio HAMILTON, D0 594,697594.7k $50.9m $50.9m 0.05% Added +587.0k +587,028
15 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.92% of their portfolio AMSTERDAM, P7 578,579578.6k $65.6m $65.6m 0.92% Added +102.6k +102,560
16 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 509,429509.4k $43.6m $43.6m 0.01% Added +314.8k +314,750
17 Vontobel Holding Ltd. 0.36% of their portfolio ZURICH, V8 504,385504.4k $43.2m $43.2m 0.36% Added +26.5k +26,501
18 GRS Advisors, LLC 6.44% of their portfolio Chicago, IL 455,910455.9k $39.0m $39.0m 6.44% Added +58.5k +58,488
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 397,209397.2k $34.0m $34.0m 0.00% Added +215.4k +215,431
20 KGH Ltd 1.94% of their portfolio NASSAU, C5 395,000395.0k $33.8m $33.8m 1.94% Added +75.0k +75,000
21 TD Asset Management Inc 0.03% of their portfolio Toronto, A6 361,220361.2k $31.1m $31.1m 0.03% Added +19.1k +19,124
22 ROBOTTI ROBERT 4.13% of their portfolio NEW YORK, NY 335,445335.4k $28.7m $28.7m 4.13% Reduced -2.0k -1,960
23 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 300,066300.1k $25.7m $25.7m 0.05% Added +69.7k +69,688
24 Legal & General Group Plc 0.01% of their portfolio London, X0 275,861275.9k $23.7m $23.7m 0.01% Reduced -32.5k -32,550
25 Maple Rock Capital Partners Inc. 1.83% of their portfolio Toronto, A6 273,150273.1k $23.4m $23.4m 1.83% Added +167.2k +167,150
26 HORIZON KINETICS ASSET MANAGEMENT LLC 0.48% of their portfolio NEW YORK, NY 269,822269.8k $23.1m $23.1m 0.48% Reduced -87.1k -87,094
27 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 268,764268.8k $23.0m $23.0m 0.02% Added +60.8k +60,823
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 260,126260.1k $22.3m $22.3m 0.00% Added +5.7k +5,740
29 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 234,470234.5k $20.1m $20.1m 0.01% Reduced -21.3k -21,313
30 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 228,770228.8k $19.7m $19.7m 0.02% Reduced -31.0k -31,000
31 BlackRock Inc. 0.00% of their portfolio New York, NY 222,613222.6k $19.1m $19.1m 0.00% Added +4.8k +4,843
32 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 205,668205.7k $17.5m $17.5m 0.00% Added +8.0k +7,998
33 Amundi 0.01% of their portfolio Paris, I0 204,994205.0k $17.7m $17.7m 0.01% Added +40.1k +40,086
34 Swiss National Bank 0.01% of their portfolio ZURICH, V8 184,938184.9k $15.9m $15.9m 0.01% Reduced -5.7k -5,700
35 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 168,205168.2k $14.5m $14.5m 0.03% Reduced -88.6k -88,589
36 Scheer, Rowlett & Associates Investment Management Ltd. 1.01% of their portfolio TORONTO, A6 155,913155.9k $13.3m $13.3m 1.01% Reduced -3.0k -2,967
37 CREDIT AGRICOLE S A 0.26% of their portfolio Montrouge Cedex, I0 148,100148.1k $12.7m $12.7m 0.26% Reduced -6.4k -6,447
38 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 145,658145.7k $12.5m $12.5m 0.01% Reduced -203.5k -203,523
39 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 142,668142.7k $12.2m $12.2m 0.00% Reduced -16.8k -16,753
40 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 137,192137.2k $11.7m $11.7m 0.01% Added +7.9k +7,928
41 T. Rowe Price Investment Management, Inc. 0.01% of their portfolio BALTIMORE, MD 128,295128.3k $11.0m $11.0m 0.01% Added +38.9k +38,925
42 Mountaineer Partners Management, LLC 5.44% of their portfolio New York, NY 125,001125.0k $10.7m $10.7m 5.44% Added +106.7k +106,732
43 Swiss Life Asset Management Ltd 0.12% of their portfolio Zurich, V8 120,579120.6k $10.4m $10.4m 0.12% Unchanged
44 Alberta Investment Management Corp 0.09% of their portfolio EDMONTON, A0 116,505116.5k $10.0m $10.0m 0.09% Added +54.1k +54,118
45 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 113,195113.2k $9.7m $9.7m 0.01% Reduced -3.0k -2,974
46 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 108,298108.3k $9.3m $9.3m 0.03% Added +104.4k +104,386
47 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 105,831105.8k $8.9m $8.9m 0.02% Reduced -1.7k -1,651
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 102,627102.6k $8.8m $8.8m 0.00% Reduced -2.9k -2,936
49 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 101,710101.7k $8.7m $8.7m 0.01% Reduced -11.2k -11,214
50 Smead Capital Management, Inc. 0.16% of their portfolio Phoenix, AZ 101,280101.3k $8.7m $8.7m 0.16% Added +2.7k +2,701
51 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 99,54299.5k $8.5m $8.5m 0.02% Added +74.8k +74,753
52 Hudson Bay Capital Management LP 0.07% of their portfolio STAMFORD, CT 95,00095.0k $8.1m $8.1m 0.07% Reduced -215.0k -215,000
53 Federation des caisses Desjardins du Quebec 0.09% of their portfolio LEVIS, A8 94,89294.9k $9.4m $9.4m 0.09% Added +12.6k +12,558
54 AGF MANAGEMENT LTD 0.05% of their portfolio TORONTO, A6 93,72293.7k $8.0m $8.0m 0.05% Reduced -7.4k -7,376
55 CoreCommodity Management, LLC 2.38% of their portfolio STAMFORD, CT 93,20093.2k $8.0m $8.0m 2.38% Added +11.6k +11,600
56 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 86,77186.8k $7.4m $7.4m 0.00% Added +977 +977
57 OPPENHEIMER & CO INC 0.13% of their portfolio NEW YORK, NY 83,70583.7k $7.2m $7.2m 0.13% Added +22.4k +22,438
58 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 81,49781.5k $7.0m $7.0m 0.01% Reduced -4.3k -4,262
59 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 80,02580.0k $6.8m $6.8m 0.01% Reduced -1.8k -1,824
60 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 76,83676.8k $6.6m $6.6m 0.01% Added +558 +558
61 Candriam S.C.A. 0.04% of their portfolio STRASSEN, N4 75,53575.5k $6.5m $6.5m 0.04% Reduced -20.2k -20,169
62 AustralianSuper Pty Ltd 0.04% of their portfolio MELBOURNE, C3 73,72973.7k $6.3m $6.3m 0.04% Added +8.6k +8,640
63 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 73,49573.5k $6.3m $6.3m 0.00% Reduced -75.9k -75,938
64 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 70,52470.5k $6.0m $6.0m 0.00% Reduced -50.5k -50,465
65 PRIVATE MANAGEMENT GROUP INC 0.23% of their portfolio IRVINE, CA 69,65569.7k $6.0m $6.0m 0.23% Reduced -613 -613
66 CIDEL ASSET MANAGEMENT INC 0.25% of their portfolio TORONTO, A6 67,83967.8k $5.8m $5.8m 0.25% Added +451 +451
67 DekaBank Deutsche Girozentrale 0.01% of their portfolio FRANKFURT, 2M 63,73463.7k $5.4m $5.4m 0.01% Reduced -12.0k -11,968
68 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 62,32162.3k $5.4m $5.4m 0.00% New
69 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 61,65061.6k $5.3m $5.3m 0.01% Reduced -43.4k -43,362
70 UBS Group AG 0.00% of their portfolio ZURICH, V8 61,45061.5k $5.3m $5.3m 0.00% Added +2.7k +2,684
71 SCOPUS ASSET MANAGEMENT, L.P. 0.21% of their portfolio NEW YORK, NY 57,98158.0k $5.0m $5.0m 0.21% Reduced -240.0k -240,000
72 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 56,84456.8k $4.9m $4.9m 0.02% Reduced -952 -952
73 INTACT INVESTMENT MANAGEMENT INC. 0.19% of their portfolio MONTREAL, A8 56,00056.0k $4.8m $4.8m 0.19% Unchanged
74 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.06% of their portfolio Madrid, U3 54,74954.7k $4.7m $4.7m 0.06% Added +1.9k +1,946
75 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 51,90051.9k $4.4m $4.4m 0.01% Reduced -112.8k -112,800
76 MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.16% of their portfolio Munich, 2M 49,20049.2k $4.2m $4.2m 0.16% Added +8.6k +8,630
77 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.05% of their portfolio Stamford, CT 47,58147.6k $4.1m $4.1m 0.05% Reduced -23.8k -23,758
78 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.03% of their portfolio VICTORIA, A1 47,04847.0k $4.0m $4.0m 0.03% Reduced -690.0k -689,973
79 Korea Investment CORP 0.01% of their portfolio SEOUL, M5 44,12544.1k $3.8m $3.8m 0.01% Added +28.4k +28,367
80 NICOLA WEALTH MANAGEMENT LTD. 0.50% of their portfolio VANCOUVER, A1 41,70041.7k $4.7m $4.7m 0.50% New
81 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 41,16241.2k $3.5m $3.5m 0.00% Reduced -1.3k -1,291
82 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 38,05538.1k $3.3m $3.3m 0.01% Added +12.4k +12,441
83 Maryland State Retirement & Pension System 0.06% of their portfolio BALTIMORE, MD 35,56635.6k $3.0m $3.0m 0.06% Reduced -8.6k -8,572
84 TD Waterhouse Canada Inc. 0.04% of their portfolio TORONTO, A6 34,61734.6k $3.8m $3.8m 0.04% Added +10.0k +10,038
85 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 33,48733.5k $2.9m $2.9m 0.00% Reduced -33.9k -33,850
86 Phoenix Financial Ltd. 0.05% of their portfolio Givatayim, L3 33,34533.3k $2.9m $2.9m 0.05% New
87 Assenagon Asset Management S.A. 0.01% of their portfolio SENNINGERBERG, N4 32,98133.0k $2.8m $2.8m 0.01% Reduced -2.4k -2,356
88 Northwest & Ethical Investments L.P. 0.08% of their portfolio TORONTO, A6 32,19032.2k $2.8m $2.8m 0.08% Added +24.2k +24,183
89 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio HOUSTON, TX 31,20031.2k $2.7m $2.7m 0.06% Unchanged
90 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,05428.1k $2.4m $2.4m 0.00% Added +20.7k +20,682
91 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 27,35327.4k $2.3m $2.3m 0.00% Reduced -56.0k -56,029
92 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 25,41925.4k $2.2m $2.2m 0.00% Reduced -69.8k -69,792
93 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 23,63323.6k $2.0m $2.0m 0.00% Added +2.6k +2,578
94 Vident Advisory, LLC 0.05% of their portfolio Alpharetta, GA 22,50122.5k $1.9m $1.9m 0.05% Reduced -506 -506
95 ABN AMRO INVESTMENT SOLUTIONS 0.03% of their portfolio PARIS CEDEX 008, I0 22,47622.5k $1.9m $1.9m 0.03% Added +485 +485
96 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 20,77720.8k $1.8m $1.8m 0.01% Reduced -84.4k -84,427
97 TURTLE CREEK ASSET MANAGEMENT INC. 0.05% of their portfolio TORONTO, A6 20,35020.4k $1.7m $1.7m 0.05% Reduced -1.8k -1,800
98 Moody Aldrich Partners LLC 0.29% of their portfolio MARBLEHEAD, MA 18,60018.6k $1.6m $1.6m 0.29% Unchanged
99 USS Investment Management Ltd 0.01% of their portfolio London, X0 16,59616.6k $1.4m $1.4m 0.01% Unchanged
100 AEGIS FINANCIAL CORP 0.83% of their portfolio MC LEAN, VA 15,88915.9k $1.4m $1.4m 0.83% Reduced -48 -48