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 ($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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 182 |
| Q4 2022 | 199 |
| Q1 2023 | 195 |
| Q2 2023 | 199 |
| Q3 2023 | 204 |
| Q4 2023 | 199 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 78 | 112 |
| Q1 2023 | 92 | 103 |
| Q2 2023 | 93 | 99 |
| Q3 2023 | 94 | 99 |
| Q4 2023 | 95 | 101 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $17.0m | $14.1m | 0.83 |
| Q2 2023 | $21.8m | $10.5m | 0.48 |
| Q3 2023 | $35.5m | $23.6m | 0.66 |
| Q4 2023 | $4.3m | $2.4m | 0.57 |
Biggest buyers
| FIL Ltd | Added | +587.0k |
| ROYAL BANK OF CANADA | Added | +499.4k |
| GOLDMAN SACHS GROUP INC | Added | +314.8k |
| JPMORGAN CHASE & CO | Added | +285.6k |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +279.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +272.3k |
| BANK OF AMERICA CORP /DE/ | Added | +215.4k |
| Maple Rock Capital Partners Inc. | Added | +167.2k |
| BANK OF MONTREAL /CAN/ | Added | +147.5k |
| Mountaineer Partners Management, LLC | Added | +106.7k |
Biggest sellers
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Reduced | -690.0k |
| SCOPUS ASSET MANAGEMENT, L.P. | Reduced | -240.0k |
| Hudson Bay Capital Management LP | Reduced | -215.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -203.5k |
| Waratah Capital Advisors Ltd. | Sold out | -190.3k |
| Point72 Asset Management, L.P. | Sold out | -142.1k |
| Public Sector Pension Investment Board | Sold out | -130.0k |
| Appian Way Asset Management LP | Sold out | -126.1k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -112.8k |
| Vestcor Inc | Sold out | -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.
| Holder | Stake |
|---|---|
| FIL Ltd 13G · institution +3.6 pts · filed 2025-09-08 | 11.5% |
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
| Manager | Shares | Change |
|---|---|---|
| Pictet Asset Management Holding SA 0.32% of their portfolio | 3.3m $285.9m | Reduced -73.5k |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 2.8m $241.2m | Added +499.4k |
| VANGUARD GROUP INC 0.01% of their portfolio | 2.8m $240.8m | Added +28.4k |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 2.2m $189.7m | Added +147.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.51% of their portfolio | 1.3m $109.2m | Added +279.5k |
| FMR LLC 0.01% of their portfolio | 1.2m $100.6m | Added +84.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.1m $98.0m | Added +272.3k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.78% of their portfolio | 1.1m $97.5m | Added +9.3k |
| Bridgewater Advisors Inc. 14.16% of their portfolio | 1.1m $93.4m | Unchanged |
| NORGES BANK 0.01% of their portfolio | 893.1k $76.4m | Reduced -58.0k |
| MACKENZIE FINANCIAL CORP 0.10% of their portfolio | 760.1k $65.1m | Added +43.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 627.9k $53.7m | Added +285.6k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.23% of their portfolio | 594.8k $51.1m | Added +15.4k |
| FIL Ltd 0.05% of their portfolio | 594.7k $50.9m | Added +587.0k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.92% of their portfolio | 578.6k $65.6m | Added +102.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 509.4k $43.6m | Added +314.8k |
| Vontobel Holding Ltd. 0.36% of their portfolio | 504.4k $43.2m | Added +26.5k |
| GRS Advisors, LLC 6.44% of their portfolio | 455.9k $39.0m | Added +58.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 397.2k $34.0m | Added +215.4k |
| KGH Ltd 1.94% of their portfolio | 395.0k $33.8m | Added +75.0k |
| TD Asset Management Inc 0.03% of their portfolio | 361.2k $31.1m | Added +19.1k |
| ROBOTTI ROBERT 4.13% of their portfolio | 335.4k $28.7m | Reduced -2.0k |
| 1832 Asset Management L.P. 0.05% of their portfolio | 300.1k $25.7m | Added +69.7k |
| Legal & General Group Plc 0.01% of their portfolio | 275.9k $23.7m | Reduced -32.5k |
| Maple Rock Capital Partners Inc. 1.83% of their portfolio | 273.1k $23.4m | Added +167.2k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.48% of their portfolio | 269.8k $23.1m | Reduced -87.1k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 268.8k $23.0m | Added +60.8k |
| MORGAN STANLEY 0.00% of their portfolio | 260.1k $22.3m | Added +5.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 234.5k $20.1m | Reduced -21.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 228.8k $19.7m | Reduced -31.0k |
| BlackRock Inc. 0.00% of their portfolio | 222.6k $19.1m | Added +4.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 205.7k $17.5m | Added +8.0k |
| Amundi 0.01% of their portfolio | 205.0k $17.7m | Added +40.1k |
| Swiss National Bank 0.01% of their portfolio | 184.9k $15.9m | Reduced -5.7k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 168.2k $14.5m | Reduced -88.6k |
| Scheer, Rowlett & Associates Investment Management Ltd. 1.01% of their portfolio | 155.9k $13.3m | Reduced -3.0k |
| CREDIT AGRICOLE S A 0.26% of their portfolio | 148.1k $12.7m | Reduced -6.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 145.7k $12.5m | Reduced -203.5k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 142.7k $12.2m | Reduced -16.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 137.2k $11.7m | Added +7.9k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 128.3k $11.0m | Added +38.9k |
| Mountaineer Partners Management, LLC 5.44% of their portfolio | 125.0k $10.7m | Added +106.7k |
| Swiss Life Asset Management Ltd 0.12% of their portfolio | 120.6k $10.4m | Unchanged |
| Alberta Investment Management Corp 0.09% of their portfolio | 116.5k $10.0m | Added +54.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 113.2k $9.7m | Reduced -3.0k |
| Cerity Partners LLC 0.03% of their portfolio | 108.3k $9.3m | Added +104.4k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 105.8k $8.9m | Reduced -1.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 102.6k $8.8m | Reduced -2.9k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 101.7k $8.7m | Reduced -11.2k |
| Smead Capital Management, Inc. 0.16% of their portfolio | 101.3k $8.7m | Added +2.7k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 99.5k $8.5m | Added +74.8k |
| Hudson Bay Capital Management LP 0.07% of their portfolio | 95.0k $8.1m | Reduced -215.0k |
| Federation des caisses Desjardins du Quebec 0.09% of their portfolio | 94.9k $9.4m | Added +12.6k |
| AGF MANAGEMENT LTD 0.05% of their portfolio | 93.7k $8.0m | Reduced -7.4k |
| CoreCommodity Management, LLC 2.38% of their portfolio | 93.2k $8.0m | Added +11.6k |
| Invesco Ltd. 0.00% of their portfolio | 86.8k $7.4m | Added +977 |
| OPPENHEIMER & CO INC 0.13% of their portfolio | 83.7k $7.2m | Added +22.4k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 81.5k $7.0m | Reduced -4.3k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 80.0k $6.8m | Reduced -1.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 76.8k $6.6m | Added +558 |
| Candriam S.C.A. 0.04% of their portfolio | 75.5k $6.5m | Reduced -20.2k |
| AustralianSuper Pty Ltd 0.04% of their portfolio | 73.7k $6.3m | Added +8.6k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 73.5k $6.3m | Reduced -75.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 70.5k $6.0m | Reduced -50.5k |
| PRIVATE MANAGEMENT GROUP INC 0.23% of their portfolio | 69.7k $6.0m | Reduced -613 |
| CIDEL ASSET MANAGEMENT INC 0.25% of their portfolio | 67.8k $5.8m | Added +451 |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 63.7k $5.4m | Reduced -12.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 62.3k $5.4m | New |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 61.6k $5.3m | Reduced -43.4k |
| UBS Group AG 0.00% of their portfolio | 61.5k $5.3m | Added +2.7k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.21% of their portfolio | 58.0k $5.0m | Reduced -240.0k |
| CIBC Asset Management Inc 0.02% of their portfolio | 56.8k $4.9m | Reduced -952 |
| INTACT INVESTMENT MANAGEMENT INC. 0.19% of their portfolio | 56.0k $4.8m | Unchanged |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.06% of their portfolio | 54.7k $4.7m | Added +1.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 51.9k $4.4m | Reduced -112.8k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.16% of their portfolio | 49.2k $4.2m | Added +8.6k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.05% of their portfolio | 47.6k $4.1m | Reduced -23.8k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.03% of their portfolio | 47.0k $4.0m | Reduced -690.0k |
| Korea Investment CORP 0.01% of their portfolio | 44.1k $3.8m | Added +28.4k |
| NICOLA WEALTH MANAGEMENT LTD. 0.50% of their portfolio | 41.7k $4.7m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 41.2k $3.5m | Reduced -1.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 38.1k $3.3m | Added +12.4k |
| Maryland State Retirement & Pension System 0.06% of their portfolio | 35.6k $3.0m | Reduced -8.6k |
| TD Waterhouse Canada Inc. 0.04% of their portfolio | 34.6k $3.8m | Added +10.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 33.5k $2.9m | Reduced -33.9k |
| Phoenix Financial Ltd. 0.05% of their portfolio | 33.3k $2.9m | New |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 33.0k $2.8m | Reduced -2.4k |
| Northwest & Ethical Investments L.P. 0.08% of their portfolio | 32.2k $2.8m | Added +24.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 31.2k $2.7m | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 28.1k $2.4m | Added +20.7k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 27.4k $2.3m | Reduced -56.0k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 25.4k $2.2m | Reduced -69.8k |
| CITIGROUP INC 0.00% of their portfolio | 23.6k $2.0m | Added +2.6k |
| Vident Advisory, LLC 0.05% of their portfolio | 22.5k $1.9m | Reduced -506 |
| ABN AMRO INVESTMENT SOLUTIONS 0.03% of their portfolio | 22.5k $1.9m | Added +485 |
| SCOTIA CAPITAL INC. 0.01% of their portfolio | 20.8k $1.8m | Reduced -84.4k |
| TURTLE CREEK ASSET MANAGEMENT INC. 0.05% of their portfolio | 20.4k $1.7m | Reduced -1.8k |
| Moody Aldrich Partners LLC 0.29% of their portfolio | 18.6k $1.6m | Unchanged |
| USS Investment Management Ltd 0.01% of their portfolio | 16.6k $1.4m | Unchanged |
| AEGIS FINANCIAL CORP 0.83% of their portfolio | 15.9k $1.4m | Reduced -48 |