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 ($4.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.53. Options: 9 managers hold calls ($6.2m notional), 7 hold puts ($5.8m).
Trends to Q2 2025
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 |
| Q4 2024 | 211 |
| Q1 2025 | 214 |
| Q2 2025 | 202 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 94 | 99 |
| Q4 2023 | 95 | 101 |
| Q1 2024 | 98 | 109 |
| Q2 2024 | 104 | 101 |
| Q3 2024 | 85 | 117 |
| Q4 2024 | 105 | 95 |
| Q1 2025 | 104 | 107 |
| Q2 2025 | 104 | 96 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $30.7m | $7.9m | 0.26 |
| Q4 2024 | $6.8m | $12.3m | 1.80 |
| Q1 2025 | $3.8m | $2.8m | 0.74 |
| Q2 2025 | $6.2m | $5.8m | 0.94 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +3.1m |
| FIL Ltd | Added | +1.2m |
| MACKENZIE FINANCIAL CORP | Added | +728.8k |
| Lightrock Netherlands B.V. | Added | +237.2k |
| 1832 Asset Management L.P. | Added | +217.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +212.3k |
| BANK OF MONTREAL /CAN/ | Added | +178.8k |
| DIMENSIONAL FUND ADVISORS LP | Added | +78.8k |
| TWO SIGMA INVESTMENTS, LP | New | +74.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +71.6k |
Biggest sellers
| VANGUARD GROUP INC | Reduced | -724.3k |
| Alberta Investment Management Corp | Reduced | -252.2k |
| JPMORGAN CHASE & CO | Reduced | -242.2k |
| BANK OF AMERICA CORP /DE/ | Reduced | -199.7k |
| NORGES BANK | Reduced | -197.8k |
| FMR LLC | Reduced | -187.8k |
| Impala Asset Management LLC | Sold out | -113.9k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Reduced | -105.8k |
| Waratah Capital Advisors Ltd. | Sold out | -105.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -93.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.0m27.0k shares |
| CIBC WORLD MARKET INC. | New | $1.9m26.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $923.7k126 shares |
| SIG North Trading, ULC | Reduced | $857.6k11.7k shares |
| CITADEL ADVISORS LLC | Reduced | $322.5k4.4k shares |
| SIMPLEX TRADING, LLC | Added | $124.0k1.7k shares |
| Walleye Trading LLC | New | $51.3k700 shares |
| BANK OF MONTREAL /CAN/ | Reduced | $29.4k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.1m42.9k shares |
| SIG North Trading, ULC | Added | $1.9m26.3k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $417.9k57 shares |
| Walleye Trading LLC | Unchanged | $234.6k3.2k shares |
| SIMPLEX TRADING, LLC | Added | $58.0k800 shares |
| BANK OF MONTREAL /CAN/ | New | $14.7k200 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 Q2 2025
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 Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| FIL Ltd 0.38% of their portfolio | 6.1m $445.1m | Added +1.2m |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 6.0m $441.7m | Added +3.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 2.6m $191.1m | Added +212.3k |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 2.3m $167.0m | Added +178.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.2m $157.8m | Reduced -724.3k |
| 1832 Asset Management L.P. 0.21% of their portfolio | 1.6m $120.4m | Added +217.3k |
| FMR LLC 0.01% of their portfolio | 1.3m $94.6m | Reduced -187.8k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.57% of their portfolio | 1.1m $81.9m | Added +26.1k |
| Pictet Asset Management Holding SA 0.08% of their portfolio | 1.0m $75.1m | Reduced -31.5k |
| MACKENZIE FINANCIAL CORP 0.09% of their portfolio | 907.6k $66.6m | Added +728.8k |
| MANNING & NAPIER ADVISORS LLC 0.76% of their portfolio | 872.4k $64.0m | Reduced -3.4k |
| NORGES BANK 0.01% of their portfolio | 775.0k $56.9m | Reduced -197.8k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.42% of their portfolio | 443.0k $44.2m | Reduced -105.8k |
| Vontobel Holding Ltd. 0.10% of their portfolio | 421.6k $30.9m | Reduced -23.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 410.7k $29.9m | Added +67.7k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 386.8k $28.4m | Reduced -8.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 342.1k $25.1m | Reduced -199.7k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.27% of their portfolio | 304.8k $22.3m | Added +16.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 301.3k $22.1m | Added +70.4k |
| ROBOTTI ROBERT 3.60% of their portfolio | 295.3k $21.4m | Reduced -1.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio | 293.7k $21.5m | Reduced -93.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 277.3k $20.3m | Reduced -26.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 269.7k $19.8m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 265.0k $19.4m | Added +42.5k |
| Legal & General Group Plc 0.00% of their portfolio | 263.1k $19.3m | Added +991 |
| Lightrock Netherlands B.V. 3.25% of their portfolio | 259.3k $11.8m | Added +237.2k |
| MORGAN STANLEY 0.00% of their portfolio | 257.0k $18.8m | Reduced -7.6k |
| Amundi 0.01% of their portfolio | 240.8k $18.6m | Reduced -729 |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 231.8k $17.0m | Added +78.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 181.4k $13.3m | Added +17.6k |
| TD Asset Management Inc 0.01% of their portfolio | 178.9k $13.1m | Added +3.5k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 168.5k $12.3m | Added +41.9k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 166.1k $12.2m | Reduced -10.5k |
| Swiss National Bank 0.01% of their portfolio | 164.1k $12.0m | Added +8.8k |
| Galibier Capital Management Ltd. 3.30% of their portfolio | 150.3k $11.0m | Reduced -2.2k |
| Cerity Partners LLC 0.02% of their portfolio | 143.2k $10.5m | Reduced -1.2k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 132.1k $9.7m | Added +2.4k |
| Smead Capital Management, Inc. 0.18% of their portfolio | 120.4k $8.8m | Reduced -571 |
| Invesco Ltd. 0.00% of their portfolio | 114.8k $8.4m | Added +2.4k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 100.8k $7.4m | Added +18.1k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 97.4k $7.1m | Added +12.5k |
| UBS Group AG 0.00% of their portfolio | 84.1k $6.2m | Reduced -64.4k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 79.8k $5.9m | Reduced -1.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 74.5k $5.5m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 71.6k $5.2m | New |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.10% of their portfolio | 68.4k $5.0m | Added +41.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 67.5k $5.0m | Reduced -1.3k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 67.4k $4.9m | Added +47.0k |
| Nuveen, LLC 0.00% of their portfolio | 65.4k $4.8m | Reduced -1.0k |
| Korea Investment CORP 0.01% of their portfolio | 63.2k $4.6m | Added +1.1k |
| Genus Capital Management Inc. 0.56% of their portfolio | 59.7k $4.4m | Reduced -24.7k |
| CIBC Asset Management Inc 0.01% of their portfolio | 55.3k $4.1m | Reduced -16.3k |
| UniSuper Management Pty Ltd 0.04% of their portfolio | 54.4k $5.4m | Added +36.4k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 53.7k $3.9m | Added +9.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 51.6k $3.8m | Reduced -4.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 50.1k $3.7m | Added +47.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 49.1k $3.6m | Reduced -9.2k |
| CoreCommodity Management, LLC 0.58% of their portfolio | 48.0k $3.5m | Added +36.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 46.2k $3.4m | Reduced -242.2k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 43.4k $3.2m | Added +514 |
| Alberta Investment Management Corp 0.02% of their portfolio | 41.7k $3.1m | Reduced -252.2k |
| SCOTIA CAPITAL INC. 0.01% of their portfolio | 41.1k $3.0m | Reduced -6.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 39.6k $2.9m | Reduced -19.2k |
| AVIVA PLC 0.01% of their portfolio | 37.8k $2.8m | Added +2.3k |
| Maryland State Retirement & Pension System 0.06% of their portfolio | 37.3k $2.7m | Unchanged |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 34.6k $2.5m | Added +2.3k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 34.5k $2.5m | Reduced -251 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 32.0k $2.3m | Added +11.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 31.8k $2.3m | Added +3.9k |
| Swiss Life Asset Management Ltd 0.01% of their portfolio | 30.4k $2.2m | Added +5.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 28.2k $2.1m | Added +12.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 28.1k $2.1m | Added +16.0k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.02% of their portfolio | 28.1k $2.1m | Reduced -2.3k |
| Northwest & Ethical Investments L.P. 0.05% of their portfolio | 27.8k $2.0m | Reduced -410 |
| Candriam S.C.A. 0.01% of their portfolio | 27.7k $2.0m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 26.8k $2.0m | Added +11.5k |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 26.2k $1.9m | Reduced -1.7k |
| Metis Global Partners, LLC 0.05% of their portfolio | 25.5k $1.9m | Added +1.3k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 23.9k $1.8m | Added +500 |
| INTACT INVESTMENT MANAGEMENT INC. 0.06% of their portfolio | 23.9k $1.8m | Unchanged |
| TD Waterhouse Canada Inc. 0.01% of their portfolio | 22.1k $1.7m | Added +3.7k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 21.3k $1.6m | Reduced -3.9k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 21.2k $2.0m | Added +1.2k |
| Mn Services Vermogensbeheer B.V. 0.01% of their portfolio | 19.9k $1.5m | Unchanged |
| J.W. COLE ADVISORS, INC. 0.03% of their portfolio | 19.4k $1.4m | Added +240 |
| Quantbot Technologies LP 0.04% of their portfolio | 18.8k $1.4m | Reduced -5.8k |
| BARCLAYS PLC 0.00% of their portfolio | 18.3k $1.3m | Added +16.5k |
| Polar Asset Management Partners Inc. 0.03% of their portfolio | 17.5k $1.3m | New |
| TURTLE CREEK ASSET MANAGEMENT INC. 0.04% of their portfolio | 17.2k $1.3m | Added +1.2k |
| Aigen Investment Management, LP 0.23% of their portfolio | 17.1k $1.7m | Added +3.5k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio | 16.6k $1.2m | Added +3.1k |
| Pacifica Partners Inc. 0.44% of their portfolio | 14.9k $1.1m | Added +100 |
| Lighthouse Investment Partners, LLC 0.04% of their portfolio | 13.8k $1.0m | New |
| Verition Fund Management LLC 0.01% of their portfolio | 13.8k $1.0m | Added +8.6k |
| Lansforsakringar Fondforvaltning AB (publ) 0.01% of their portfolio | 13.0k $954.2k | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 13.0k $949.9k | Reduced -18 |
| Trexquant Investment LP 0.01% of their portfolio | 12.2k $892.2k | Added +2.3k |
| Fulcrum Asset Management LLP 0.25% of their portfolio | 11.9k $873.3k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 11.6k $847.8k | Reduced -8.8k |
| Union Bancaire Privee, UBP SA 0.01% of their portfolio | 11.4k $843.8k | Added +398 |