Vault-13

WEST FRASER TIMBER CO LTD WFG

COM · Common Stock · CUSIP 952845105 · ISIN CA9528451052

201 institutional holders +2 vs Q4 2023
32,169,17632.2m shares reported held*
$2.8bnreported value*
27 new 71 added 82 reduced 27 sold out net bought ≈ $19.7m (+228.2k 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 ($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

0100200300Q3 22: 182Q4 22: 199Q1 23: 195Q2 23: 199Q3 23: 204Q4 23: 199Q1 24: 201201Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022182
Q4 2022199
Q1 2023195
Q2 2023199
Q3 2023204
Q4 2023199
Q1 2024201

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 23Q1 24: 98 bought or addedQ1 24: 109 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 202278112
Q1 202392103
Q2 20239399
Q3 20239499
Q4 202395101
Q1 202498109

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ2 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 0.57Q1 24 calls: $53.0mQ1 24 puts: $20.8mQ1 24P/C 0.39
Numbers
QuarterCallsPutsP/C
Q2 2023$21.8m$10.5m0.48
Q3 2023$35.5m$23.6m0.66
Q4 2023$4.3m$2.4m0.57
Q1 2024$53.0m$20.8m0.39

Biggest buyers

FIL Ltd Added +761,660+761.7k
1832 Asset Management L.P. Added +535,708+535.7k
ROYAL BANK OF CANADA Added +401,567+401.6k
MILLENNIUM MANAGEMENT LLC Added +357,713+357.7k
Waratah Capital Advisors Ltd. New +287,868+287.9k
MORGAN STANLEY Added +216,799+216.8k
CIBC WORLD MARKET INC. Added +192,720+192.7k
Triasima Portfolio Management inc. New +175,435+175.4k
GRS Advisors, LLC Added +148,214+148.2k
BANK OF MONTREAL /CAN/ Added +141,974+142.0k

Biggest sellers

Pictet Asset Management Holding SA Reduced -1,246,698-1.2m
Bridgewater Advisors Inc. Sold out -1,091,528-1.1m
Maple Rock Capital Partners Inc. Sold out -273,150-273.1k
KGH Ltd Reduced -260,000-260.0k
HSBC HOLDINGS PLC Reduced -159,367-159.4k
Swiss Life Asset Management Ltd Sold out -120,579-120.6k
GOLDMAN SACHS GROUP INC Reduced -119,631-119.6k
AustralianSuper Pty Ltd Sold out -73,729-73.7k
PRIVATE MANAGEMENT GROUP INC Sold out -69,655-69.7k
CIDEL ASSET MANAGEMENT INC Reduced -64,189-64.2k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 3,220,4363.2m $278.3m $278.3m 0.07% Added +401.6k +401,567
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,777,7472.8m $240.1m $240.1m 0.00% Reduced -36.2k -36,223
3 BANK OF MONTREAL /CAN/ 0.07% of their portfolio TORONTO, A6 2,350,0932.4m $206.8m $206.8m 0.07% Added +142.0k +141,974
4 Pictet Asset Management Holding SA 0.20% of their portfolio CAROUGE, V8 2,078,6622.1m $180.4m $180.4m 0.20% Reduced -1.2m -1,246,698
5 FIL Ltd 0.12% of their portfolio HAMILTON, D0 1,356,3571.4m $117.1m $117.1m 0.12% Added +761.7k +761,660
6 Connor, Clark & Lunn Investment Management Ltd. 0.46% of their portfolio VANCOUVER, A1 1,231,0851.2m $106.3m $106.3m 0.46% Reduced -45.5k -45,528
7 LETKO, BROSSEAU & ASSOCIATES INC 1.71% of their portfolio MONTREAL, A8 1,136,3301.1m $98.2m $98.2m 1.71% Added +1.8k +1,828
8 FMR LLC 0.01% of their portfolio BOSTON, MA 1,114,6541.1m $96.2m $96.2m 0.01% Reduced -60.8k -60,834
9 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 1,108,9871.1m $95.9m $95.9m 0.01% Reduced -36.0k -35,952
10 NORGES BANK 0.01% of their portfolio OSLO, Q8 934,861934.9k $80.8m $80.8m 0.01% Added +41.7k +41,724
11 1832 Asset Management L.P. 0.13% of their portfolio TORONTO, A6 835,774835.8k $72.2m $72.2m 0.13% Added +535.7k +535,708
12 MACKENZIE FINANCIAL CORP 0.09% of their portfolio TORONTO ONTARIO, A6 757,028757.0k $65.4m $65.4m 0.09% Reduced -3.1k -3,118
13 GRS Advisors, LLC 7.01% of their portfolio Chicago, IL 604,124604.1k $52.2m $52.2m 7.01% Added +148.2k +148,214
14 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.87% of their portfolio AMSTERDAM, P7 600,963601.0k $70.3m $70.3m 0.87% Added +22.4k +22,384
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 593,110593.1k $51.3m $51.3m 0.00% Reduced -34.8k -34,828
16 Grantham, Mayo, Van Otterloo & Co. LLC 0.18% of their portfolio Boston, MA 557,446557.4k $48.2m $48.2m 0.18% Reduced -37.4k -37,375
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 527,970528.0k $45.6m $45.6m 0.00% Added +130.8k +130,761
18 Vontobel Holding Ltd. 0.35% of their portfolio ZURICH, V8 507,163507.2k $43.8m $43.8m 0.35% Added +2.8k +2,778
19 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 503,371503.4k $43.5m $43.5m 0.04% Added +357.7k +357,713
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 476,925476.9k $41.2m $41.2m 0.00% Added +216.8k +216,799
21 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 389,798389.8k $33.7m $33.7m 0.01% Reduced -119.6k -119,631
22 TD Asset Management Inc 0.03% of their portfolio Toronto, A6 363,998364.0k $31.5m $31.5m 0.03% Added +2.8k +2,778
23 ROBOTTI ROBERT 3.94% of their portfolio NEW YORK, NY 336,026336.0k $29.0m $29.0m 3.94% Added +581 +581
24 Waratah Capital Advisors Ltd. 1.27% of their portfolio TORONTO, A6 287,868287.9k $24.9m $24.9m 1.27% New
25 Legal & General Group Plc 0.01% of their portfolio London, X0 267,566267.6k $23.1m $23.1m 0.01% Reduced -8.3k -8,295
26 CIBC WORLD MARKET INC. 0.06% of their portfolio TORONTO, A6 254,370254.4k $22.0m $22.0m 0.06% Added +192.7k +192,720
27 Cerity Partners LLC 0.06% of their portfolio NEW YORK, NY 249,818249.8k $21.6m $21.6m 0.06% Added +141.5k +141,520
28 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 232,019232.0k $20.1m $20.1m 0.02% Added +3.2k +3,249
29 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 231,600231.6k $20.0m $20.0m 0.02% Reduced -2.9k -2,870
30 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 212,280212.3k $18.2m $18.2m 0.00% Added +6.6k +6,612
31 HORIZON KINETICS ASSET MANAGEMENT LLC 0.35% of their portfolio NEW YORK, NY 211,481211.5k $18.3m $18.3m 0.35% Reduced -58.3k -58,341
32 BlackRock Inc. 0.00% of their portfolio New York, NY 198,614198.6k $17.2m $17.2m 0.00% Reduced -24.0k -23,999
33 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 196,206196.2k $17.0m $17.0m 0.01% Added +59.0k +59,014
34 Amundi 0.01% of their portfolio Paris, I0 193,592193.6k $15.1m $15.1m 0.01% Reduced -11.4k -11,402
35 Triasima Portfolio Management inc. 1.27% of their portfolio MONTREAL, A8 175,435175.4k $15.1m $15.1m 1.27% New
36 Alberta Investment Management Corp 0.15% of their portfolio EDMONTON, A0 174,956175.0k $15.1m $15.1m 0.15% Added +58.5k +58,451
37 Swiss National Bank 0.01% of their portfolio ZURICH, V8 169,438169.4k $14.6m $14.6m 0.01% Reduced -15.5k -15,500
38 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 149,606149.6k $12.9m $12.9m 0.02% Added +50.1k +50,064
39 T. Rowe Price Investment Management, Inc. 0.01% of their portfolio BALTIMORE, MD 141,993142.0k $12.3m $12.3m 0.01% Added +13.7k +13,698
40 Scheer, Rowlett & Associates Investment Management Ltd. 0.90% of their portfolio TORONTO, A6 140,997141.0k $12.2m $12.2m 0.90% Reduced -14.9k -14,916
41 Allianz Asset Management GmbH 0.02% of their portfolio MUNICH, 2M 137,626137.6k $11.9m $11.9m 0.02% Reduced -30.6k -30,579
42 KGH Ltd 0.69% of their portfolio NASSAU, C5 135,000135.0k $11.7m $11.7m 0.69% Reduced -260.0k -260,000
43 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 131,731131.7k $11.4m $11.4m 0.00% Reduced -10.9k -10,937
44 Smead Capital Management, Inc. 0.17% of their portfolio Phoenix, AZ 124,170124.2k $10.7m $10.7m 0.17% Added +22.9k +22,890
45 CREDIT AGRICOLE S A 0.16% of their portfolio Montrouge Cedex, I0 122,539122.5k $9.6m $9.6m 0.16% Reduced -25.6k -25,561
46 Mountaineer Partners Management, LLC 4.72% of their portfolio New York, NY 118,301118.3k $10.2m $10.2m 4.72% Reduced -6.7k -6,700
47 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 113,096113.1k $9.8m $9.8m 0.01% Reduced -99 -99
48 Hudson Bay Capital Management LP 0.09% of their portfolio STAMFORD, CT 113,000113.0k $9.8m $9.8m 0.09% Added +18.0k +18,000
49 Galibier Capital Management Ltd. 2.29% of their portfolio TORONTO, A6 110,853110.9k $9.6m $9.6m 2.29% New
50 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 109,397109.4k $9.4m $9.4m 0.01% Reduced -159.4k -159,367
51 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 106,434106.4k $8.3m $8.3m 0.01% Added +603 +603
52 PCJ Investment Counsel Ltd. 2.92% of their portfolio TORONTO, A6 102,400102.4k $8.8m $8.8m 2.92% New
53 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 100,540100.5k $8.7m $8.7m 0.01% Reduced -1.2k -1,170
54 Federation des caisses Desjardins du Quebec 0.08% of their portfolio LEVIS, A8 95,39195.4k $11.0m $11.0m 0.08% Added +499 +499
55 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 84,88584.9k $7.3m $7.3m 0.00% Reduced -1.9k -1,886
56 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 84,74584.7k $7.3m $7.3m 0.00% Added +78.5k +78,547
57 OPPENHEIMER & CO INC 0.12% of their portfolio NEW YORK, NY 82,44382.4k $7.1m $7.1m 0.12% Reduced -1.3k -1,262
58 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 81,44481.4k $7.0m $7.0m 0.01% Reduced -53 -53
59 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 79,86279.9k $6.9m $6.9m 0.01% Reduced -163 -163
60 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 75,96376.0k $6.6m $6.6m 0.01% Reduced -873 -873
61 AVIVA PLC 0.02% of their portfolio LONDON, X0 74,56274.6k $6.4m $6.4m 0.02% Added +64.6k +64,569
62 MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.23% of their portfolio Munich, 2M 73,41873.4k $6.3m $6.3m 0.23% Added +24.2k +24,218
63 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 72,95473.0k $6.3m $6.3m 0.00% Added +10.6k +10,633
64 UBS Group AG 0.00% of their portfolio ZURICH, V8 70,24470.2k $6.1m $6.1m 0.00% Added +8.8k +8,794
65 Forge First Asset Management Inc. 1.81% of their portfolio TORONTO, Z4 66,40066.4k $5.7m $5.7m 1.81% New
66 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 66,21466.2k $5.7m $5.7m 0.02% Added +9.4k +9,370
67 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 66,04766.0k $5.7m $5.7m 0.00% Reduced -4.5k -4,477
68 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.07% of their portfolio Madrid, U3 66,00766.0k $5.7m $5.7m 0.07% Added +11.3k +11,258
69 AGF MANAGEMENT LTD 0.03% of their portfolio TORONTO, A6 62,64962.6k $5.4m $5.4m 0.03% Reduced -31.1k -31,073
70 Impala Asset Management LLC 4.67% of their portfolio Palm Beach, FL 60,00060.0k $5.2m $5.2m 4.67% Added +45.0k +45,000
71 Candriam S.C.A. 0.03% of their portfolio STRASSEN, N4 59,88559.9k $5.2m $5.2m 0.03% Reduced -15.7k -15,650
72 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 56,90056.9k $4.9m $4.9m 0.01% Added +5.0k +5,000
73 STRS OHIO 0.02% of their portfolio COLUMBUS, OH 56,48656.5k $4.9m $4.9m 0.02% New
74 INTACT INVESTMENT MANAGEMENT INC. 0.18% of their portfolio MONTREAL, A8 52,60052.6k $4.5m $4.5m 0.18% Reduced -3.4k -3,400
75 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 49,93549.9k $4.3m $4.3m 0.00% Reduced -23.6k -23,560
76 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 48,28748.3k $4.2m $4.2m 0.00% Reduced -54.3k -54,340
77 Quadrature Capital Ltd 0.07% of their portfolio LONDON, X0 47,90047.9k $4.1m $4.1m 0.07% Added +34.3k +34,300
78 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 45,87945.9k $4.0m $4.0m 0.01% New
79 Korea Investment CORP 0.01% of their portfolio SEOUL, M5 45,52445.5k $3.9m $3.9m 0.01% Added +1.4k +1,399
80 CoreCommodity Management, LLC 1.38% of their portfolio STAMFORD, CT 44,70044.7k $3.9m $3.9m 1.38% Reduced -48.5k -48,500
81 NICOLA WEALTH MANAGEMENT LTD. 0.47% of their portfolio VANCOUVER, A1 41,70041.7k $4.9m $4.9m 0.47% Unchanged
82 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 40,37540.4k $3.5m $3.5m 0.00% Reduced -787 -787
83 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio Stamford, CT 39,76339.8k $3.4m $3.4m 0.04% Reduced -7.8k -7,818
84 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 38,02138.0k $3.3m $3.3m 0.01% Reduced -34 -34
85 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio VICTORIA, A1 37,27837.3k $3.2m $3.2m 0.02% Reduced -9.8k -9,770
86 TD Waterhouse Canada Inc. 0.03% of their portfolio TORONTO, A6 36,95137.0k $4.2m $4.2m 0.03% Added +2.3k +2,334
87 SIG North Trading, ULC 1.14% of their portfolio Bala Cynwyd, PA 36,14736.1k $3.1m $3.1m 1.14% First filing
88 Maryland State Retirement & Pension System 0.06% of their portfolio BALTIMORE, MD 36,05336.1k $2.8m $2.8m 0.06% Added +487 +487
89 DekaBank Deutsche Girozentrale 0.01% of their portfolio FRANKFURT, 2M 34,71734.7k $3.0m $3.0m 0.01% Reduced -29.0k -29,017
90 Man Group plc 0.01% of their portfolio LONDON, X0 31,68931.7k $2.7m $2.7m 0.01% Added +25.1k +25,089
91 Northwest & Ethical Investments L.P. 0.08% of their portfolio TORONTO, A6 30,34730.3k $2.6m $2.6m 0.08% Reduced -1.8k -1,843
92 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 29,91529.9k $2.6m $2.6m 0.00% Added +2.6k +2,562
93 Genus Capital Management Inc. 0.33% of their portfolio VANCOUVER, A1 29,61629.6k $2.6m $2.6m 0.33% New
94 Assenagon Asset Management S.A. 0.01% of their portfolio SENNINGERBERG, N4 28,55728.6k $2.5m $2.5m 0.01% Reduced -4.4k -4,424
95 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 28,52828.5k $2.5m $2.5m 0.00% Reduced -5.0k -4,959
96 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 28,18428.2k $2.4m $2.4m 0.01% Added +7.4k +7,407
97 Polar Asset Management Partners Inc. 0.06% of their portfolio TORONTO, A6 26,75026.8k $2.3m $2.3m 0.06% New
98 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 25,48425.5k $2.2m $2.2m 0.00% Added +65 +65
99 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 23,39023.4k $2.0m $2.0m 0.00% Reduced -4.7k -4,664
100 Mn Services Vermogensbeheer B.V. 0.01% of their portfolio THE HAGUE, P7 22,60022.6k $2.0m $2.0m 0.01% Added +11.4k +11,400