Vault-13

WEST FRASER TIMBER CO LTD WFG

COM · Common Stock · CUSIP 952845105 · ISIN CA9528451052

211 institutional holders +3 vs Q3 2024
34,175,50334.2m shares reported held*
$3.0bnreported value*
23 new 82 added 70 reduced 25 sold out net bought ≈ $240.6m (+2.6m 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 ($10.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $87.31. Options: 9 managers hold calls ($6.8m notional), 10 hold puts ($12.3m).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 182Q4 22: 199Q1 23: 195Q2 23: 199Q3 23: 204Q4 23: 199Q1 24: 201Q2 24: 207Q3 24: 208Q4 24: 211211Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022182
Q4 2022199
Q1 2023195
Q2 2023199
Q3 2023204
Q4 2023199
Q1 2024201
Q2 2024207
Q3 2024208
Q4 2024211

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 23: 92 bought or addedQ1 23: 103 cut or sold outQ2 23: 93 bought or addedQ2 23: 99 cut or sold outQ2 23Q3 23: 94 bought or addedQ3 23: 99 cut or sold outQ4 23: 95 bought or addedQ4 23: 101 cut or sold outQ4 23Q1 24: 98 bought or addedQ1 24: 109 cut or sold outQ2 24: 104 bought or addedQ2 24: 101 cut or sold outQ2 24Q3 24: 85 bought or addedQ3 24: 117 cut or sold outQ4 24: 105 bought or addedQ4 24: 95 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 202392103
Q2 20239399
Q3 20239499
Q4 202395101
Q1 202498109
Q2 2024104101
Q3 202485117
Q4 202410595

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 24 calls: $53.0mQ1 24 puts: $20.8mQ1 24P/C 0.39Q2 24 calls: $6.1mQ2 24 puts: $5.2mQ2 24P/C 0.85Q3 24 calls: $30.7mQ3 24 puts: $7.9mQ3 24P/C 0.26Q4 24 calls: $6.8mQ4 24 puts: $12.3mQ4 24P/C 1.80
Numbers
QuarterCallsPutsP/C
Q1 2024$53.0m$20.8m0.39
Q2 2024$6.1m$5.2m0.85
Q3 2024$30.7m$7.9m0.26
Q4 2024$6.8m$12.3m1.80

Biggest buyers

FIL Ltd Added +1,319,843+1.3m
PRICE T ROWE ASSOCIATES INC /MD/ Added +780,313+780.3k
MACKENZIE FINANCIAL CORP Added +739,030+739.0k
BANK OF AMERICA CORP /DE/ Added +210,107+210.1k
1832 Asset Management L.P. Added +166,351+166.4k
UBS Group AG Added +130,772+130.8k
Connor, Clark & Lunn Investment Management Ltd. Added +119,841+119.8k
MANNING & NAPIER ADVISORS LLC Added +109,447+109.4k
Alberta Investment Management Corp Added +108,670+108.7k
TD Asset Management Inc Added +100,416+100.4k

Biggest sellers

JPMORGAN CHASE & CO Reduced -250,952-251.0k
GOLDMAN SACHS GROUP INC Reduced -248,276-248.3k
KGH Ltd Reduced -153,000-153.0k
BANK OF MONTREAL /CAN/ Reduced -148,084-148.1k
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Sold out -127,055-127.1k
Grantham, Mayo, Van Otterloo & Co. LLC Reduced -105,467-105.5k
Cerity Partners LLC Reduced -102,373-102.4k
Scheer, Rowlett & Associates Investment Management Ltd. Sold out -72,785-72.8k
Pictet Asset Management Holding SA Reduced -64,780-64.8k
Candriam S.C.A. Sold out -59,885-59.9k

Biggest calls

SIG North Trading, ULC Reduced $3.0m34.8k shares
NATIONAL BANK OF CANADA /FI/ New $1.8m210 shares
CITADEL ADVISORS LLC Reduced $882.8k10.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $372.2k4.3k shares
WOLVERINE TRADING, LLC Added $344.4k4.0k shares
BANK OF MONTREAL /CAN/ Reduced $216.3k2.5k shares
TORONTO DOMINION BANK New $173.1k2.0k shares
SIMPLEX TRADING, LLC Reduced $8.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Genus Capital Management Inc. Added $7.1m82.0k shares
CITADEL ADVISORS LLC Added $1.5m16.8k shares
WOLVERINE TRADING, LLC Added $1.1m12.9k shares
Fulcrum Asset Management LLP Reduced $825.5k12.3k shares
SIG North Trading, ULC Reduced $787.6k9.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $502.0k5.8k shares
NATIONAL BANK OF CANADA /FI/ New $355.6k41 shares
TORONTO DOMINION BANK New $86.5k1.0k shares
SIMPLEX TRADING, LLC Added $43.0k500 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 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 Q4 2024.

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FIL Ltd 0.41% of their portfolio HAMILTON, D0 5,041,8735.0m $436.9m $436.9m 0.41% Added +1.3m +1,319,843
2 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 2,980,6193.0m $258.0m $258.0m 0.06% Added +8.8k +8,760
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,846,6632.8m $246.7m $246.7m 0.00% Added +12.9k +12,874
4 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 2,162,0492.2m $187.1m $187.1m 0.02% Added +780.3k +780,313
5 BANK OF MONTREAL /CAN/ 0.09% of their portfolio TORONTO, A6 2,150,7632.2m $186.1m $186.1m 0.09% Reduced -148.1k -148,084
6 FMR LLC 0.01% of their portfolio BOSTON, MA 1,447,8311.4m $125.4m $125.4m 0.01% Added +8 +8
7 1832 Asset Management L.P. 0.21% of their portfolio TORONTO, A6 1,357,0781.4m $117.5m $117.5m 0.21% Added +166.4k +166,351
8 LETKO, BROSSEAU & ASSOCIATES INC 1.86% of their portfolio MONTREAL, A8 1,111,4061.1m $96.2m $96.2m 1.86% Reduced -24.2k -24,210
9 Pictet Asset Management Holding SA 0.10% of their portfolio CAROUGE, V8 1,058,4751.1m $91.7m $91.7m 0.10% Reduced -64.8k -64,780
10 NORGES BANK 0.01% of their portfolio OSLO, Q8 943,034943.0k $81.6m $81.6m 0.01% Reduced -8.8k -8,830
11 Thrivent Financial for Lutherans 0.16% of their portfolio Minneapolis, MN 926,256926.3k $80.2m $80.2m 0.16% Reduced -12.8k -12,823
12 MACKENZIE FINANCIAL CORP 0.04% of their portfolio TORONTO ONTARIO, A6 914,478914.5k $78.4m $78.4m 0.04% Added +739.0k +739,030
13 MANNING & NAPIER ADVISORS LLC 0.84% of their portfolio Fairport, NY 853,038853.0k $73.8m $73.8m 0.84% Added +109.4k +109,447
14 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.79% of their portfolio AMSTERDAM, P7 639,803639.8k $79.7m $79.7m 0.79% Added +7.7k +7,712
15 Vontobel Holding Ltd. 0.18% of their portfolio ZURICH, V8 607,438607.4k $52.6m $52.6m 0.18% Added +35.9k +35,855
16 Grantham, Mayo, Van Otterloo & Co. LLC 0.11% of their portfolio Boston, MA 396,956397.0k $34.4m $34.4m 0.11% Reduced -105.5k -105,467
17 ROBOTTI ROBERT 5.02% of their portfolio NEW YORK, NY 330,652330.7k $28.6m $28.6m 5.02% Added +390 +390
18 TD Asset Management Inc 0.03% of their portfolio Toronto, A6 329,830329.8k $28.6m $28.6m 0.03% Added +100.4k +100,416
19 Connor, Clark & Lunn Investment Management Ltd. 0.12% of their portfolio VANCOUVER, A1 317,247317.2k $27.5m $27.5m 0.12% Added +119.8k +119,841
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 315,019315.0k $27.3m $27.3m 0.00% Added +210.1k +210,107
21 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 306,463306.5k $26.4m $26.4m 0.00% Added +73.3k +73,335
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 303,672303.7k $26.3m $26.3m 0.00% Reduced -1.6k -1,644
23 Alberta Investment Management Corp 0.17% of their portfolio EDMONTON, A0 293,903293.9k $25.5m $25.5m 0.17% Added +108.7k +108,670
24 HORIZON KINETICS ASSET MANAGEMENT LLC 0.30% of their portfolio NEW YORK, NY 281,367281.4k $24.4m $24.4m 0.30% Added +44.4k +44,424
25 BlackRock, Inc. 0.00% of their portfolio New York, NY 278,904278.9k $24.1m $24.1m 0.00% Added +40.3k +40,274
26 Legal & General Group Plc 0.01% of their portfolio London, X0 253,835253.8k $22.0m $22.0m 0.01% Reduced -21.2k -21,245
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 249,017249.0k $21.6m $21.6m 0.00% Added +19.8k +19,808
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 242,950242.9k $21.0m $21.0m 0.00% Reduced -251.0k -250,952
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 224,238224.2k $19.4m $19.4m 0.00% Reduced -248.3k -248,276
30 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 212,719212.7k $18.4m $18.4m 0.02% Unchanged
31 Amundi 0.01% of their portfolio Paris, I0 196,575196.6k $16.8m $16.8m 0.01% Reduced -23.9k -23,924
32 VAN ECK ASSOCIATES CORP 0.02% of their portfolio NEW YORK, NY 180,957181.0k $15.7m $15.7m 0.02% Reduced -12.8k -12,795
33 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 180,647180.6k $15.7m $15.7m 0.01% Added +36.9k +36,935
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 177,038177.0k $15.3m $15.3m 0.00% Added +130.8k +130,772
35 Swiss National Bank 0.01% of their portfolio ZURICH, V8 158,638158.6k $13.7m $13.7m 0.01% Reduced -8.4k -8,400
36 Galibier Capital Management Ltd. 3.92% of their portfolio TORONTO, A6 158,544158.5k $13.7m $13.7m 3.92% Reduced -50.9k -50,879
37 KGH Ltd 1.03% of their portfolio NASSAU, C5 154,000154.0k $13.3m $13.3m 1.03% Reduced -153.0k -153,000
38 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 145,027145.0k $14.1m $14.1m 0.03% Reduced -102.4k -102,373
39 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 138,435138.4k $12.0m $12.0m 0.00% Added +14.2k +14,189
40 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 130,779130.8k $11.3m $11.3m 0.00% Reduced -25.1k -25,068
41 T. Rowe Price Investment Management, Inc. 0.01% of their portfolio BALTIMORE, MD 130,357130.4k $11.3m $11.3m 0.01% Added +5.3k +5,294
42 Impala Asset Management LLC 9.06% of their portfolio Palm Beach, FL 129,300129.3k $11.2m $11.2m 9.06% Added +9.3k +9,300
43 Smead Capital Management, Inc. 0.16% of their portfolio Phoenix, AZ 122,321122.3k $10.6m $10.6m 0.16% Added +4.2k +4,213
44 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 120,391120.4k $10.4m $10.4m 0.01% Added +29.1k +29,092
45 CREDIT AGRICOLE S A 0.03% of their portfolio Montrouge Cedex, I0 119,191119.2k $10.3m $10.3m 0.03% Reduced -2.6k -2,568
46 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 115,901115.9k $9.9m $9.9m 0.01% Added +41.1k +41,087
47 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 114,681114.7k $9.9m $9.9m 0.01% Added +24.7k +24,651
48 Waratah Capital Advisors Ltd. 0.52% of their portfolio TORONTO, A6 106,956107.0k $9.3m $9.3m 0.52% Added +16.3k +16,286
49 SCOTIA CAPITAL INC. 0.05% of their portfolio TORONTO, A6 105,796105.8k $9.2m $9.2m 0.05% Added +57.3k +57,344
50 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 105,488105.5k $9.1m $9.1m 0.01% Added +3.7k +3,691
51 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 86,40586.4k $7.5m $7.5m 0.01% Reduced -27.7k -27,669
52 Crestline Management, L.P. 0.25% of their portfolio FORT WORTH, TX 82,78182.8k $7.2m $7.2m 0.25% New
53 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 82,40482.4k $7.1m $7.1m 0.01% Added +1.2k +1,209
54 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 82,23282.2k $6.9m $6.9m 0.01% Added +7.0k +7,029
55 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 77,83277.8k $6.7m $6.7m 0.00% Reduced -19.0k -18,958
56 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 76,90276.9k $6.7m $6.7m 0.00% Reduced -10.7k -10,697
57 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 71,19871.2k $6.2m $6.2m 0.02% Reduced -273 -273
58 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 70,12570.1k $6.1m $6.1m 0.00% Reduced -6.9k -6,922
59 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 64,66364.7k $5.6m $5.6m 0.01% Reduced -13.1k -13,124
60 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 59,52659.5k $5.2m $5.2m 0.00% Added +10.8k +10,841
61 Korea Investment CORP 0.01% of their portfolio SEOUL, M5 58,41558.4k $5.1m $5.1m 0.01% Added +13.8k +13,800
62 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 55,34155.3k $4.8m $4.8m 0.00% Reduced -15.9k -15,934
63 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.05% of their portfolio Madrid, U3 52,67352.7k $4.6m $4.6m 0.05% Reduced -612 -612
64 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 48,59648.6k $4.2m $4.2m 0.01% Reduced -495 -495
65 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 37,23637.2k $3.2m $3.2m 0.01% Reduced -830 -830
66 Lightrock Netherlands B.V. 1.12% of their portfolio UTRECHT, P7 36,75136.8k $3.2m $3.2m 1.12% First filing
67 Maryland State Retirement & Pension System 0.07% of their portfolio BALTIMORE, MD 35,94735.9k $3.1m $3.1m 0.07% Added +1.6k +1,645
68 DekaBank Deutsche Girozentrale 0.01% of their portfolio FRANKFURT, 2M 34,46634.5k $3.0m $3.0m 0.01% Unchanged
69 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 32,43732.4k $2.8m $2.8m 0.01% Reduced -37.1k -37,145
70 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 32,11032.1k $2.8m $2.8m 0.01% Added +12.3k +12,252
71 AVIVA PLC 0.01% of their portfolio LONDON, X0 30,64930.6k $2.7m $2.7m 0.01% New
72 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 30,00030.0k $2.6m $2.6m 0.02% Reduced -5.0k -5,000
73 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 27,91827.9k $2.4m $2.4m 0.00% Reduced -1.1k -1,102
74 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 27,22927.2k $2.4m $2.4m 0.01% Reduced -364 -364
75 Northwest & Ethical Investments L.P. 0.06% of their portfolio TORONTO, A6 26,53526.5k $2.3m $2.3m 0.06% Added +604 +604
76 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio VICTORIA, A1 25,87025.9k $2.2m $2.2m 0.01% Reduced -2.3k -2,325
77 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 24,58924.6k $2.1m $2.1m 0.00% Added +2.0k +1,969
78 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 24,36124.4k $2.1m $2.1m 0.00% Added +24.3k +24,311
79 Triasima Portfolio Management inc. 0.40% of their portfolio MONTREAL, A8 23,95224.0k $2.1m $2.1m 0.40% Reduced -2.1k -2,135
80 Swiss Life Asset Management Ltd 0.02% of their portfolio Zurich, V8 23,60723.6k $2.0m $2.0m 0.02% Added +5.7k +5,681
81 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 23,41923.4k $2.0m $2.0m 0.00% Reduced -1.0k -1,000
82 Metis Global Partners, LLC 0.06% of their portfolio San Diego, CA 22,87622.9k $2.0m $2.0m 0.06% Added +1.9k +1,898
83 Mn Services Vermogensbeheer B.V. 0.01% of their portfolio THE HAGUE, P7 22,60022.6k $2.0m $2.0m 0.01% Unchanged
84 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 21,79121.8k $1.9m $1.9m 0.01% Added +18.8k +18,774
85 CoreCommodity Management, LLC 0.35% of their portfolio STAMFORD, CT 20,96021.0k $1.8m $1.8m 0.35% Added +6.6k +6,576
86 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 20,41620.4k $1.8m $1.8m 0.00% Reduced -178 -178
87 INTACT INVESTMENT MANAGEMENT INC. 0.06% of their portfolio MONTREAL, A8 20,20020.2k $1.8m $1.8m 0.06% Unchanged
88 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 19,19719.2k $1.7m $1.7m 0.03% New
89 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 18,98719.0k $1.6m $1.6m 0.00% Reduced -6.3k -6,265
90 TURTLE CREEK ASSET MANAGEMENT INC. 0.04% of their portfolio TORONTO, A6 18,35018.4k $1.6m $1.6m 0.04% Reduced -800 -800
91 TD Waterhouse Canada Inc. 0.01% of their portfolio TORONTO, A6 17,72617.7k $1.5m $1.5m 0.01% Added +2.0k +2,050
92 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 17,50817.5k $1.5m $1.5m 0.00% Added +8.1k +8,052
93 INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio WEST PALM BEACH, FL 16,35116.4k $1.4m $1.4m 0.01% Added +13.3k +13,261
94 Pacifica Partners Inc. 0.49% of their portfolio SURREY, Z4 13,36613.4k $1.1m $1.1m 0.49% Reduced -20 -20
95 MGO ONE SEVEN LLC 0.04% of their portfolio Beachwood, OH 13,30713.3k $1.2m $1.2m 0.04% Added +3.9k +3,944
96 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio NEW YORK, NY 12,99913.0k $1.1m $1.1m 0.01% Reduced -23.2k -23,185
97 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 12,26012.3k $1.1m $1.1m 0.01% Reduced -124 -124
98 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 12,20212.2k $1.1m $1.1m 0.00% Added +228 +228
99 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 12,04412.0k $1.0m $1.0m 0.00% Added +1.6k +1,578
100 Union Bancaire Privee, UBP SA 0.02% of their portfolio GENEVA 1, V8 12,01912.0k $1.0m $1.0m 0.02% First filing