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 ($6.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.75. Options: 8 managers hold calls ($30.7m notional), 10 hold puts ($7.9m).
Trends to Q3 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 |
| Q2 2024 | 207 |
| Q3 2024 | 208 |
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 |
| Q2 2024 | 104 | 101 |
| Q3 2024 | 85 | 117 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $4.3m | $2.4m | 0.57 |
| Q1 2024 | $53.0m | $20.8m | 0.39 |
| Q2 2024 | $6.1m | $5.2m | 0.85 |
| Q3 2024 | $30.7m | $7.9m | 0.26 |
Biggest buyers
| FIL Ltd | Added | +1.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +295.8k |
| FMR LLC | Added | +266.3k |
| Thrivent Financial for Lutherans | Added | +254.2k |
| 1832 Asset Management L.P. | Added | +201.4k |
| VAN ECK ASSOCIATES CORP | Added | +189.1k |
| MANNING & NAPIER ADVISORS LLC | Added | +185.7k |
| Cerity Partners LLC | Added | +138.9k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | New | +127.1k |
| KGH Ltd | Added | +119.5k |
Biggest sellers
| GRS Advisors, LLC | Sold out | -262.9k |
| Pictet Asset Management Holding SA | Reduced | -190.8k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -164.5k |
| JPMORGAN CHASE & CO | Reduced | -133.7k |
| Mountaineer Partners Management, LLC | Sold out | -122.5k |
| MACKENZIE FINANCIAL CORP | Reduced | -106.2k |
| ROYAL BANK OF CANADA | Reduced | -93.7k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Reduced | -81.4k |
| Man Group plc | Reduced | -81.3k |
| TD Asset Management Inc | Reduced | -74.6k |
Biggest calls
| Waratah Capital Advisors Ltd. | New | $19.8m150.0k shares |
| SIG North Trading, ULC | Reduced | $4.1m41.8k shares |
| BANK OF MONTREAL /CAN/ | New | $2.9m30.6k shares |
| CITADEL ADVISORS LLC | Added | $2.8m29.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $710.7k7.3k shares |
| WOLVERINE TRADING, LLC | New | $318.4k3.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $29.0k300 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Fulcrum Asset Management LLP | Reduced | $2.1m29.1k shares |
| Genus Capital Management Inc. | Added | $1.4m14.8k shares |
| SIG North Trading, ULC | Reduced | $1.4m14.0k shares |
| CITADEL ADVISORS LLC | Added | $1.3m13.5k shares |
| CIBC WORLD MARKET INC. | Added | $760.0k7.8k shares |
| WOLVERINE TRADING, LLC | New | $453.4k4.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $399.2k4.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $38.0k400 shares |
| BANK OF MONTREAL /CAN/ | New | $28.9k300 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 Q3 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| FIL Ltd 0.33% of their portfolio | 3.7m $362.6m | Added +1.0m |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 3.0m $289.3m | Reduced -93.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.8m $276.1m | Added +26.0k |
| BANK OF MONTREAL /CAN/ 0.10% of their portfolio | 2.3m $221.3m | Added +42.5k |
| FMR LLC 0.01% of their portfolio | 1.4m $141.0m | Added +266.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.4m $134.5m | Added +295.8k |
| 1832 Asset Management L.P. 0.19% of their portfolio | 1.2m $115.9m | Added +201.4k |
| LETKO, BROSSEAU & ASSOCIATES INC 2.01% of their portfolio | 1.1m $110.8m | Added +6.1k |
| Pictet Asset Management Holding SA 0.12% of their portfolio | 1.1m $109.8m | Reduced -190.8k |
| NORGES BANK 0.01% of their portfolio | 951.9k $92.7m | Unchanged |
| Thrivent Financial for Lutherans 0.17% of their portfolio | 939.1k $91.4m | Added +254.2k |
| MANNING & NAPIER ADVISORS LLC 0.80% of their portfolio | 743.6k $72.4m | Added +185.7k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.85% of their portfolio | 632.1k $83.3m | Reduced -60.4k |
| Vontobel Holding Ltd. 0.18% of their portfolio | 571.6k $55.7m | Added +39.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.15% of their portfolio | 502.4k $49.0m | Reduced -43.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 493.9k $48.1m | Reduced -133.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 472.5k $46.0m | Added +20.4k |
| ROBOTTI ROBERT 4.89% of their portfolio | 330.3k $32.2m | Reduced -363 |
| KGH Ltd 2.12% of their portfolio | 307.0k $29.9m | Added +119.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 305.3k $29.8m | Added +4.9k |
| Legal & General Group Plc 0.01% of their portfolio | 275.1k $26.8m | Added +14.0k |
| Cerity Partners LLC 0.05% of their portfolio | 247.4k $24.1m | Added +138.9k |
| BlackRock, Inc. 0.00% of their portfolio | 238.6k $23.2m | First filing |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.35% of their portfolio | 236.9k $23.1m | Reduced -233 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 233.1k $22.5m | Added +14.7k |
| TD Asset Management Inc 0.02% of their portfolio | 229.4k $22.2m | Reduced -74.6k |
| MORGAN STANLEY 0.00% of their portfolio | 229.2k $22.3m | Added +4.8k |
| Amundi 0.01% of their portfolio | 220.5k $21.4m | Reduced -17.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 212.7k $20.7m | Reduced -23.6k |
| Galibier Capital Management Ltd. 4.61% of their portfolio | 209.4k $20.4m | Reduced -70.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio | 197.4k $19.2m | Reduced -164.5k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 193.8k $18.3m | Added +189.1k |
| Alberta Investment Management Corp 0.16% of their portfolio | 185.2k $18.1m | Added +10.3k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 175.4k $17.1m | Reduced -106.2k |
| Swiss National Bank 0.01% of their portfolio | 167.0k $16.3m | Added +200 |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 155.8k $15.2m | Reduced -14.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 143.7k $14.0m | Added +43.5k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 127.1k $1.3k | New |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 125.1k $12.2m | Reduced -5.6k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 124.2k $12.1m | Reduced -8.3k |
| CREDIT AGRICOLE S A 0.06% of their portfolio | 121.8k $11.9m | Reduced -13.8k |
| Impala Asset Management LLC 9.61% of their portfolio | 120.0k $15.8m | Reduced -5.0k |
| Smead Capital Management, Inc. 0.16% of their portfolio | 118.1k $11.5m | Added +5.7k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 114.1k $11.1m | Reduced -5.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 104.9k $10.2m | Added +62.4k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 101.8k $9.9m | Reduced -7.4k |
| Invesco Ltd. 0.00% of their portfolio | 96.8k $9.4m | Reduced -17.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 91.3k $8.9m | Added +85.8k |
| Waratah Capital Advisors Ltd. 0.53% of their portfolio | 90.7k $8.8m | Unchanged |
| Allianz Asset Management GmbH 0.01% of their portfolio | 90.0k $8.8m | Added +37.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 87.6k $8.5m | Added +11.1k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 81.2k $7.9m | Reduced -256 |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 77.8k $7.6m | Reduced -6.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 77.0k $7.5m | Reduced -7.8k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 75.2k $7.3m | Added +6.7k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 74.8k $7.3m | Added +59.3k |
| Scheer, Rowlett & Associates Investment Management Ltd. 0.49% of their portfolio | 72.8k $7.1m | Reduced -67.9k |
| CIBC Asset Management Inc 0.02% of their portfolio | 71.5k $7.0m | Added +311 |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 71.3k $7.0m | Reduced -761 |
| Federation des caisses Desjardins du Quebec 0.03% of their portfolio | 69.6k $6.7m | Reduced -42.0k |
| Candriam S.C.A. 0.03% of their portfolio | 59.9k $5.8m | Unchanged |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.05% of their portfolio | 53.3k $5.2m | Reduced -17.5k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.14% of their portfolio | 50.0k $4.9m | New |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 49.1k $4.8m | Reduced -22.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 48.7k $4.7m | Reduced -5.2k |
| SCOTIA CAPITAL INC. 0.02% of their portfolio | 48.5k $4.7m | Added +4.0k |
| UBS Group AG 0.00% of their portfolio | 46.3k $4.5m | Reduced -27.3k |
| Korea Investment CORP 0.01% of their portfolio | 44.6k $4.4m | Reduced -5.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 38.1k $3.7m | Added +8.4k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.02% of their portfolio | 36.2k $3.5m | New |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 35.0k $3.4m | Unchanged |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 34.5k $3.3m | Added +532 |
| Maryland State Retirement & Pension System 0.07% of their portfolio | 34.3k $3.3m | Reduced -425 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 31.6k $3.1m | New |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 29.0k $2.8m | Reduced -5.0k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio | 28.2k $2.7m | Reduced -81.4k |
| AGF MANAGEMENT LTD 0.01% of their portfolio | 27.6k $2.7m | Reduced -49.3k |
| Quadrature Capital Ltd 0.06% of their portfolio | 27.1k $2.6m | Reduced -73.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 26.4k $2.6m | Added +6.9k |
| Triasima Portfolio Management inc. 0.57% of their portfolio | 26.1k $2.5m | Reduced -600 |
| Northwest & Ethical Investments L.P. 0.07% of their portfolio | 25.9k $2.5m | Reduced -2.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 25.3k $2.5m | Reduced -1.2k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 24.4k $2.4m | Reduced -1.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 22.6k $2.2m | Reduced -1.6k |
| Mn Services Vermogensbeheer B.V. 0.02% of their portfolio | 22.6k $2.2m | Unchanged |
| Metis Global Partners, LLC 0.06% of their portfolio | 21.0k $2.0m | Added +5.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 20.6k $2.0m | Reduced -659 |
| INTACT INVESTMENT MANAGEMENT INC. 0.07% of their portfolio | 20.2k $2.0m | Reduced -23.5k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 19.9k $1.9m | Reduced -10.2k |
| TURTLE CREEK ASSET MANAGEMENT INC. 0.04% of their portfolio | 19.1k $1.9m | Reduced -1.1k |
| Swiss Life Asset Management Ltd 0.02% of their portfolio | 17.9k $1.7m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 17.0k $1.7m | Reduced -16.5k |
| TD Waterhouse Canada Inc. 0.01% of their portfolio | 15.7k $1.5m | Added +1.1k |
| USS Investment Management Ltd 0.01% of their portfolio | 14.6k $1.4m | Added +3.1k |
| CoreCommodity Management, LLC 0.26% of their portfolio | 14.4k $1.4m | Reduced -22.0k |
| Pacifica Partners Inc. 0.54% of their portfolio | 13.4k $1.3m | Added +11.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 12.8k $1.2m | Added +8.4k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 12.4k $1.3m | Reduced -988 |
| Gotham Asset Management, LLC 0.01% of their portfolio | 12.1k $1.2m | Added +6.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 12.0k $1.2m | Added +1.3k |