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 ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $87.16. Options: 10 managers hold calls ($53.0m notional), 7 hold puts ($20.8m).
Trends to Q1 2024
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 |
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 |
| Q1 2024 | 98 | 109 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $21.8m | $10.5m | 0.48 |
| Q3 2023 | $35.5m | $23.6m | 0.66 |
| Q4 2023 | $4.3m | $2.4m | 0.57 |
| Q1 2024 | $53.0m | $20.8m | 0.39 |
Biggest buyers
| FIL Ltd | Added | +761.7k |
| 1832 Asset Management L.P. | Added | +535.7k |
| ROYAL BANK OF CANADA | Added | +401.6k |
| MILLENNIUM MANAGEMENT LLC | Added | +357.7k |
| Waratah Capital Advisors Ltd. | New | +287.9k |
| MORGAN STANLEY | Added | +216.8k |
| CIBC WORLD MARKET INC. | Added | +192.7k |
| Triasima Portfolio Management inc. | New | +175.4k |
| GRS Advisors, LLC | Added | +148.2k |
| BANK OF MONTREAL /CAN/ | Added | +142.0k |
Biggest sellers
| Pictet Asset Management Holding SA | Reduced | -1.2m |
| Bridgewater Advisors Inc. | Sold out | -1.1m |
| Maple Rock Capital Partners Inc. | Sold out | -273.1k |
| KGH Ltd | Reduced | -260.0k |
| HSBC HOLDINGS PLC | Reduced | -159.4k |
| Swiss Life Asset Management Ltd | Sold out | -120.6k |
| GOLDMAN SACHS GROUP INC | Reduced | -119.6k |
| AustralianSuper Pty Ltd | Sold out | -73.7k |
| PRIVATE MANAGEMENT GROUP INC | Sold out | -69.7k |
| CIDEL ASSET MANAGEMENT INC | Reduced | -64.2k |
Biggest calls
| Waratah Capital Advisors Ltd. | New | $32.0m370.0k shares |
| BANK OF MONTREAL /CAN/ | New | $8.8m100.0k shares |
| SIG North Trading, ULC | First filing | $4.1m47.6k shares |
| ROYAL BANK OF CANADA | New | $3.5m41.0k shares |
| CITADEL ADVISORS LLC | Added | $2.2m26.0k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $1.3m15.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $682.8k7.9k shares |
| CIBC WORLD MARKET INC. | New | $233.0k2.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $103.0k1.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| BANK OF MONTREAL /CAN/ | New | $13.0m148.0k shares |
| CIBC WORLD MARKET INC. | New | $4.3m50.0k shares |
| SIG North Trading, ULC | First filing | $2.7m31.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $458.1k5.3k shares |
| CITADEL ADVISORS LLC | Reduced | $198.8k2.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.0k100 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 Q1 2024
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 Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.07% of their portfolio | 3.2m $278.3m | Added +401.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.8m $240.1m | Reduced -36.2k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 2.4m $206.8m | Added +142.0k |
| Pictet Asset Management Holding SA 0.20% of their portfolio | 2.1m $180.4m | Reduced -1.2m |
| FIL Ltd 0.12% of their portfolio | 1.4m $117.1m | Added +761.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.46% of their portfolio | 1.2m $106.3m | Reduced -45.5k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.71% of their portfolio | 1.1m $98.2m | Added +1.8k |
| FMR LLC 0.01% of their portfolio | 1.1m $96.2m | Reduced -60.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.1m $95.9m | Reduced -36.0k |
| NORGES BANK 0.01% of their portfolio | 934.9k $80.8m | Added +41.7k |
| 1832 Asset Management L.P. 0.13% of their portfolio | 835.8k $72.2m | Added +535.7k |
| MACKENZIE FINANCIAL CORP 0.09% of their portfolio | 757.0k $65.4m | Reduced -3.1k |
| GRS Advisors, LLC 7.01% of their portfolio | 604.1k $52.2m | Added +148.2k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.87% of their portfolio | 601.0k $70.3m | Added +22.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 593.1k $51.3m | Reduced -34.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.18% of their portfolio | 557.4k $48.2m | Reduced -37.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 528.0k $45.6m | Added +130.8k |
| Vontobel Holding Ltd. 0.35% of their portfolio | 507.2k $43.8m | Added +2.8k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 503.4k $43.5m | Added +357.7k |
| MORGAN STANLEY 0.00% of their portfolio | 476.9k $41.2m | Added +216.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 389.8k $33.7m | Reduced -119.6k |
| TD Asset Management Inc 0.03% of their portfolio | 364.0k $31.5m | Added +2.8k |
| ROBOTTI ROBERT 3.94% of their portfolio | 336.0k $29.0m | Added +581 |
| Waratah Capital Advisors Ltd. 1.27% of their portfolio | 287.9k $24.9m | New |
| Legal & General Group Plc 0.01% of their portfolio | 267.6k $23.1m | Reduced -8.3k |
| CIBC WORLD MARKET INC. 0.06% of their portfolio | 254.4k $22.0m | Added +192.7k |
| Cerity Partners LLC 0.06% of their portfolio | 249.8k $21.6m | Added +141.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 232.0k $20.1m | Added +3.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 231.6k $20.0m | Reduced -2.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 212.3k $18.2m | Added +6.6k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.35% of their portfolio | 211.5k $18.3m | Reduced -58.3k |
| BlackRock Inc. 0.00% of their portfolio | 198.6k $17.2m | Reduced -24.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 196.2k $17.0m | Added +59.0k |
| Amundi 0.01% of their portfolio | 193.6k $15.1m | Reduced -11.4k |
| Triasima Portfolio Management inc. 1.27% of their portfolio | 175.4k $15.1m | New |
| Alberta Investment Management Corp 0.15% of their portfolio | 175.0k $15.1m | Added +58.5k |
| Swiss National Bank 0.01% of their portfolio | 169.4k $14.6m | Reduced -15.5k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 149.6k $12.9m | Added +50.1k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 142.0k $12.3m | Added +13.7k |
| Scheer, Rowlett & Associates Investment Management Ltd. 0.90% of their portfolio | 141.0k $12.2m | Reduced -14.9k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 137.6k $11.9m | Reduced -30.6k |
| KGH Ltd 0.69% of their portfolio | 135.0k $11.7m | Reduced -260.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 131.7k $11.4m | Reduced -10.9k |
| Smead Capital Management, Inc. 0.17% of their portfolio | 124.2k $10.7m | Added +22.9k |
| CREDIT AGRICOLE S A 0.16% of their portfolio | 122.5k $9.6m | Reduced -25.6k |
| Mountaineer Partners Management, LLC 4.72% of their portfolio | 118.3k $10.2m | Reduced -6.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 113.1k $9.8m | Reduced -99 |
| Hudson Bay Capital Management LP 0.09% of their portfolio | 113.0k $9.8m | Added +18.0k |
| Galibier Capital Management Ltd. 2.29% of their portfolio | 110.9k $9.6m | New |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 109.4k $9.4m | Reduced -159.4k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 106.4k $8.3m | Added +603 |
| PCJ Investment Counsel Ltd. 2.92% of their portfolio | 102.4k $8.8m | New |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 100.5k $8.7m | Reduced -1.2k |
| Federation des caisses Desjardins du Quebec 0.08% of their portfolio | 95.4k $11.0m | Added +499 |
| Invesco Ltd. 0.00% of their portfolio | 84.9k $7.3m | Reduced -1.9k |
| BARCLAYS PLC 0.00% of their portfolio | 84.7k $7.3m | Added +78.5k |
| OPPENHEIMER & CO INC 0.12% of their portfolio | 82.4k $7.1m | Reduced -1.3k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 81.4k $7.0m | Reduced -53 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 79.9k $6.9m | Reduced -163 |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 76.0k $6.6m | Reduced -873 |
| AVIVA PLC 0.02% of their portfolio | 74.6k $6.4m | Added +64.6k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.23% of their portfolio | 73.4k $6.3m | Added +24.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 73.0k $6.3m | Added +10.6k |
| UBS Group AG 0.00% of their portfolio | 70.2k $6.1m | Added +8.8k |
| Forge First Asset Management Inc. 1.81% of their portfolio | 66.4k $5.7m | New |
| CIBC Asset Management Inc 0.02% of their portfolio | 66.2k $5.7m | Added +9.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 66.0k $5.7m | Reduced -4.5k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.07% of their portfolio | 66.0k $5.7m | Added +11.3k |
| AGF MANAGEMENT LTD 0.03% of their portfolio | 62.6k $5.4m | Reduced -31.1k |
| Impala Asset Management LLC 4.67% of their portfolio | 60.0k $5.2m | Added +45.0k |
| Candriam S.C.A. 0.03% of their portfolio | 59.9k $5.2m | Reduced -15.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 56.9k $4.9m | Added +5.0k |
| STRS OHIO 0.02% of their portfolio | 56.5k $4.9m | New |
| INTACT INVESTMENT MANAGEMENT INC. 0.18% of their portfolio | 52.6k $4.5m | Reduced -3.4k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 49.9k $4.3m | Reduced -23.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 48.3k $4.2m | Reduced -54.3k |
| Quadrature Capital Ltd 0.07% of their portfolio | 47.9k $4.1m | Added +34.3k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 45.9k $4.0m | New |
| Korea Investment CORP 0.01% of their portfolio | 45.5k $3.9m | Added +1.4k |
| CoreCommodity Management, LLC 1.38% of their portfolio | 44.7k $3.9m | Reduced -48.5k |
| NICOLA WEALTH MANAGEMENT LTD. 0.47% of their portfolio | 41.7k $4.9m | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 40.4k $3.5m | Reduced -787 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio | 39.8k $3.4m | Reduced -7.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 38.0k $3.3m | Reduced -34 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio | 37.3k $3.2m | Reduced -9.8k |
| TD Waterhouse Canada Inc. 0.03% of their portfolio | 37.0k $4.2m | Added +2.3k |
| SIG North Trading, ULC 1.14% of their portfolio | 36.1k $3.1m | First filing |
| Maryland State Retirement & Pension System 0.06% of their portfolio | 36.1k $2.8m | Added +487 |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 34.7k $3.0m | Reduced -29.0k |
| Man Group plc 0.01% of their portfolio | 31.7k $2.7m | Added +25.1k |
| Northwest & Ethical Investments L.P. 0.08% of their portfolio | 30.3k $2.6m | Reduced -1.8k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 29.9k $2.6m | Added +2.6k |
| Genus Capital Management Inc. 0.33% of their portfolio | 29.6k $2.6m | New |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 28.6k $2.5m | Reduced -4.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 28.5k $2.5m | Reduced -5.0k |
| SCOTIA CAPITAL INC. 0.01% of their portfolio | 28.2k $2.4m | Added +7.4k |
| Polar Asset Management Partners Inc. 0.06% of their portfolio | 26.8k $2.3m | New |
| Baird Financial Group, Inc. 0.00% of their portfolio | 25.5k $2.2m | Added +65 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 23.4k $2.0m | Reduced -4.7k |
| Mn Services Vermogensbeheer B.V. 0.01% of their portfolio | 22.6k $2.0m | Added +11.4k |