Vault-13

WEST FRASER TIMBER CO LTD WFG

COM · Common Stock · CUSIP 952845105 · ISIN CA9528451052

167 institutional holders -6 vs Q1 2026
39,205,74539.2m shares reported held*
$2.7bnreported value*
21 new 55 added 57 reduced 27 sold out net bought ≈ $34.9m (+516.1k 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $69.43. Options: 5 managers hold calls ($6.9m notional), 3 hold puts ($3.8m).

Trends to Q2 2026

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: 211Q1 25: 214Q2 25: 202Q3 25: 176Q4 25: 157Q1 26: 173Q2 26: 167167Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022182
Q4 2022199
Q1 2023195
Q2 2023199
Q3 2023204
Q4 2023199
Q1 2024201
Q2 2024207
Q3 2024208
Q4 2024211
Q1 2025214
Q2 2025202
Q3 2025176
Q4 2025157
Q1 2026173
Q2 2026167

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 85 bought or addedQ3 24: 117 cut or sold outQ4 24: 105 bought or addedQ4 24: 95 cut or sold outQ4 24Q1 25: 104 bought or addedQ1 25: 107 cut or sold outQ2 25: 104 bought or addedQ2 25: 96 cut or sold outQ2 25Q3 25: 87 bought or addedQ3 25: 110 cut or sold outQ4 25: 76 bought or addedQ4 25: 95 cut or sold outQ4 25Q1 26: 97 bought or addedQ1 26: 69 cut or sold outQ2 26: 76 bought or addedQ2 26: 84 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202485117
Q4 202410595
Q1 2025104107
Q2 202510496
Q3 202587110
Q4 20257695
Q1 20269769
Q2 20267684

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 25 calls: $15.3mQ3 25 puts: $6.1mQ3 25P/C 0.40Q4 25 calls: $11.4mQ4 25 puts: $3.6mQ4 25P/C 0.31Q1 26 calls: $13.4mQ1 26 puts: $3.8mQ1 26P/C 0.28Q2 26 calls: $6.9mQ2 26 puts: $3.8mQ2 26P/C 0.55
Numbers
QuarterCallsPutsP/C
Q3 2025$15.3m$6.1m0.40
Q4 2025$11.4m$3.6m0.31
Q1 2026$13.4m$3.8m0.28
Q2 2026$6.9m$3.8m0.55

Biggest buyers

Atlas FRM LLC Added +684,000+684.0k
VAN ECK ASSOCIATES CORP Added +465,694+465.7k
WELLINGTON MANAGEMENT GROUP LLP New +316,578+316.6k
GOLDMAN SACHS GROUP INC Added +214,924+214.9k
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. New +190,590+190.6k
SailingStone Capital Partners LLC Added +150,978+151.0k
QV Investors Inc. Added +119,945+119.9k
MACKENZIE FINANCIAL CORP Added +90,731+90.7k
Lloyd Harbor Capital Management, LLC New +85,000+85.0k
PRICE T ROWE ASSOCIATES INC /MD/ Added +62,871+62.9k

Biggest sellers

FMR LLC Reduced -577,444-577.4k
MANNING & NAPIER ADVISORS LLC Reduced -371,079-371.1k
Lightrock Netherlands B.V. Sold out -306,721-306.7k
T. Rowe Price Investment Management, Inc. Reduced -124,168-124.2k
NewGen Asset Management Ltd Sold out -100,000-100.0k
Caisse de depot et placement du Quebec Sold out -89,441-89.4k
DONALD SMITH & CO., INC. Reduced -72,831-72.8k
SCOTIA CAPITAL INC. Reduced -71,439-71.4k
INTACT INVESTMENT MANAGEMENT INC. Reduced -67,000-67.0k
Pictet Asset Management Holding SA Reduced -65,735-65.7k

Biggest calls

SIG North Trading, ULC Added $3.8m55.9k shares
NATIONAL BANK OF CANADA /FI/ Reduced $1.5m223 shares
CIBC WORLD MARKET INC. Reduced $1.4m20.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $209.8k3.1k shares
TORONTO DOMINION BANK Reduced $67.6k1.0k shares

Biggest puts

SIG North Trading, ULC Reduced $2.5m36.3k shares
CIBC WORLD MARKET INC. New $1.4m20.0k shares
NATIONAL BANK OF CANADA /FI/ Reduced $13.5k2 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 since 1 Apr 2026

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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FIL Ltd 0.42% of their portfolio HAMILTON, D0 8,729,2858.7m $590.9m $590.9m 0.42% Reduced -5.0k -4,950
2 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 3,757,5063.8m $254.3m $254.3m 0.03% Added +62.9k +62,871
3 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 3,492,0213.5m $236.4m $236.4m 0.04% Added +41.2k +41,154
4 MACKENZIE FINANCIAL CORP 0.18% of their portfolio TORONTO ONTARIO, A6 1,878,6141.9m $180.4m $180.4m 0.18% Added +90.7k +90,731
5 1832 Asset Management L.P. 0.15% of their portfolio TORONTO, A6 1,795,5551.8m $121.5m $121.5m 0.15% Added +38.1k +38,125
6 DONALD SMITH & CO., INC. 1.95% of their portfolio NEW YORK, NY 1,629,9831.6m $110.3m $110.3m 1.95% Reduced -72.8k -72,831
7 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 1,497,8501.5m $101.4m $101.4m 0.00% Reduced -20.7k -20,726
8 LETKO, BROSSEAU & ASSOCIATES INC 1.42% of their portfolio MONTREAL, A8 1,417,9561.4m $96.0m $96.0m 1.42% Added +755 +755
9 MANNING & NAPIER ADVISORS LLC 0.95% of their portfolio Fairport, NY 1,091,4021.1m $73.9m $73.9m 0.95% Reduced -371.1k -371,079
10 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,015,4101.0m $68.7m $68.7m 0.01% Added +214.9k +214,924
11 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 831,932831.9k $56.3m $56.3m 0.02% Reduced -14.7k -14,737
12 Pictet Asset Management Holding SA 0.05% of their portfolio CAROUGE, V8 802,239802.2k $54.3m $54.3m 0.05% Reduced -65.7k -65,735
13 Atlas FRM LLC 2.15% of their portfolio GREENWICH, CT 740,000740.0k $50.1m $50.1m 2.15% Added +684.0k +684,000
14 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 736,913736.9k $49.8m $49.8m 0.03% Added +465.7k +465,694
15 NORGES BANK 0.00% of their portfolio OSLO, Q8 675,791675.8k $45.7m $45.7m 0.00% Not comparable
16 T. Rowe Price Investment Management, Inc. 0.03% of their portfolio BALTIMORE, MD 601,489601.5k $40.7m $40.7m 0.03% Reduced -124.2k -124,168
17 FMR LLC 0.00% of their portfolio BOSTON, MA 531,868531.9k $36.0m $36.0m 0.00% Reduced -577.4k -577,444
18 VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio MALVERN, PA 455,271455.3k $30.8m $30.8m 0.01% Reduced -9.8k -9,763
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 418,511418.5k $28.3m $28.3m 0.00% Added +23.9k +23,863
20 SailingStone Capital Partners LLC 7.41% of their portfolio Houston, TX 412,177412.2k $39.6m $39.6m 7.41% Added +151.0k +150,978
21 QV Investors Inc. 1.85% of their portfolio CALGARY, A0 355,987356.0k $24.1m $24.1m 1.85% Added +119.9k +119,945
22 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 344,538344.5k $23.3m $23.3m 0.00% Reduced -533 -533
23 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 316,578316.6k $21.4m $21.4m 0.00% New
24 ROBOTTI ROBERT 3.23% of their portfolio NEW YORK, NY 296,043296.0k $20.0m $20.0m 3.23% Added +163 +163
25 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 284,763284.8k $19.3m $19.3m 0.01% Reduced -34.8k -34,835
26 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 260,759260.8k $17.7m $17.7m 0.01% Added +44.8k +44,800
27 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 240,903240.9k $16.3m $16.3m 0.00% Reduced -29.5k -29,510
28 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 205,255205.3k $13.9m $13.9m 0.01% Added +41.2k +41,166
29 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 191,504191.5k $13.0m $13.0m 0.01% Added +8.0k +7,952
30 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio PHILADELPHIA, PA 190,590190.6k $12.9m $12.9m 0.02% New
31 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 182,731182.7k $12.4m $12.4m 0.01% Reduced -18.2k -18,239
32 Northwest & Ethical Investments L.P. 0.27% of their portfolio TORONTO, A6 172,629172.6k $11.7m $11.7m 0.27% Added +47.7k +47,660
33 Vanguard Global Advisers, LLC 0.01% of their portfolio MALVERN, PA 171,482171.5k $11.6m $11.6m 0.01% Added +6.8k +6,797
34 Amundi 0.00% of their portfolio Paris, I0 159,700159.7k $10.8m $10.8m 0.00% Reduced -32.3k -32,316
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 159,327159.3k $10.8m $10.8m 0.00% Added +41.8k +41,804
36 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 155,220155.2k $10.5m $10.5m 0.00% Added +485 +485
37 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 134,524134.5k $9.1m $9.1m 0.01% Reduced -1.9k -1,913
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 133,836133.8k $9.1m $9.1m 0.00% Reduced -9.0k -8,995
39 INTACT INVESTMENT MANAGEMENT INC. 0.25% of their portfolio MONTREAL, A8 131,000131.0k $8.9m $8.9m 0.25% Reduced -67.0k -67,000
40 STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio LYSAKER, Q8 130,660130.7k $8.8m $8.8m 0.02% Added +23.0k +23,044
41 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.06% of their portfolio VICTORIA, A1 129,965130.0k $8.8m $8.8m 0.06% Reduced -10.4k -10,426
42 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.09% of their portfolio AMSTERDAM, P7 128,361128.4k $12.3m $12.3m 0.09% Reduced -11.2k -11,197
43 Smead Capital Management, Inc. 0.18% of their portfolio Phoenix, AZ 123,878123.9k $8.4m $8.4m 0.18% Added +9.1k +9,100
44 Swiss National Bank 0.00% of their portfolio ZURICH, V8 107,300107.3k $7.2m $7.2m 0.00% Added +1.1k +1,100
45 BlackRock, Inc. 0.00% of their portfolio New York, NY 105,440105.4k $7.1m $7.1m 0.00% Reduced -3.6k -3,627
46 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 101,619101.6k $6.9m $6.9m 0.01% Added +45.2k +45,159
47 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 93,04493.0k $6.3m $6.3m 0.00% Added +59.4k +59,397
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 91,43691.4k $6.2m $6.2m 0.00% Added +10.0k +9,990
49 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 87,06087.1k $5.9m $5.9m 0.01% Reduced -1.1k -1,140
50 Lloyd Harbor Capital Management, LLC 6.71% of their portfolio COLD SPRING HARBOR, NY 85,00085.0k $5.8m $5.8m 6.71% New
51 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 81,73981.7k $5.5m $5.5m 0.00% Reduced -596 -596
52 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 76,82176.8k $5.2m $5.2m 0.01% Reduced -7.1k -7,069
53 Legal & General Group Plc 0.00% of their portfolio London, X0 72,94272.9k $4.9m $4.9m 0.00% Reduced -35.2k -35,196
54 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 65,51665.5k $4.5m $4.5m 0.00% Added +2.6k +2,572
55 CIBC Asset Management Inc 0.01% of their portfolio TORONTO, Z4 56,54256.5k $3.8m $3.8m 0.01% Added +2.7k +2,715
56 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 54,74454.7k $3.6m $3.6m 0.00% Added +8.8k +8,777
57 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 53,96854.0k $3.7m $3.7m 0.01% Reduced -475 -475
58 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 51,61351.6k $3.5m $3.5m 0.00% Added +1.3k +1,343
59 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 51,48851.5k $3.5m $3.5m 0.00% Reduced -476 -476
60 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 46,54646.5k $3.2m $3.2m 0.00% Added +22.6k +22,615
61 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 41,88341.9k $2.8m $2.8m 0.00% Added +3.9k +3,949
62 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 41,73141.7k $2.8m $2.8m 0.00% Added +868 +868
63 Cinctive Capital Management LP 0.10% of their portfolio New York, NY 37,80637.8k $2.6m $2.6m 0.10% New
64 Metis Global Partners, LLC 0.05% of their portfolio San Diego, CA 35,22435.2k $2.4m $2.4m 0.05% Added +4.8k +4,825
65 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 33,15133.2k $2.2m $2.2m 0.01% Reduced -14.6k -14,599
66 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 29,74529.7k $2.0m $2.0m 0.00% Reduced -3.9k -3,940
67 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 29,27429.3k $1.9m $1.9m 0.01% Reduced -71.4k -71,439
68 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 27,68827.7k $1.9m $1.9m 0.01% Unchanged
69 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 27,59427.6k $1.9m $1.9m 0.01% Reduced -664 -664
70 MGO ONE SEVEN LLC 0.03% of their portfolio Beachwood, OH 26,84126.8k $1.8m $1.8m 0.03% Added +1.5k +1,496
71 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 23,56623.6k $1.6m $1.6m 0.00% Unchanged
72 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 22,19822.2k $1.5m $1.5m 0.01% Reduced -62 -62
73 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 21,97522.0k $1.5m $1.5m 0.00% Unchanged
74 Aviso Financial Inc. 0.05% of their portfolio TORONTO, A6 21,03621.0k $1.4m $1.4m 0.05% Added +7.0k +6,968
75 Quantbot Technologies LP 0.05% of their portfolio NEW YORK, NY 18,89418.9k $1.3m $1.3m 0.05% Added +5.4k +5,351
76 GUARDIAN CAPITAL LP 0.03% of their portfolio TORONTO, A6 17,74717.7k $1.2m $1.2m 0.03% Reduced -192 -192
77 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 16,95917.0k $1.1m $1.1m 0.01% Added +12.9k +12,860
78 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 16,19716.2k $1.1m $1.1m 0.00% Added +4.1k +4,113
79 BANK OF NOVA SCOTIA TRUST CO 0.09% of their portfolio TORONTO, A6 16,01016.0k $1.1m $1.1m 0.09% Added +273 +273
80 Alberta Investment Management Corp 0.01% of their portfolio EDMONTON, A0 15,08715.1k $1.0m $1.0m 0.01% Unchanged
81 BRANDES INVESTMENT PARTNERS, LP 0.01% of their portfolio LA JOLLA, CA 14,46914.5k $979.4k $979.4k 0.01% Added +144 +144
82 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 13,80713.8k $934.6k $934.6k 0.00% Reduced -2.2k -2,239
83 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 13,80013.8k $933.3k $933.3k 0.00% Reduced -35.7k -35,708
84 Vanguard Investments Australia, Ltd. 0.00% of their portfolio Victoria, C3 13,46213.5k $911.3k $911.3k 0.00% Unchanged
85 CoreCommodity Management, LLC 0.16% of their portfolio STAMFORD, CT 12,09212.1k $817.3k $817.3k 0.16% Reduced -31.5k -31,493
86 Swiss Life Asset Management Ltd 0.00% of their portfolio Zurich, V8 11,93011.9k $805.8k $805.8k 0.00% Added +331 +331
87 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 11,36311.4k $754.0k $754.0k 0.00% Reduced -2.2k -2,154
88 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 10,08610.1k $667.8k $667.8k 0.00% Added +141 +141
89 EJF Capital LP 0.45% of their portfolio Arlington, VA 10,00010.0k $676.9k $676.9k 0.45% Unchanged
90 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 9,3409.3k $632.1k $632.1k 0.00% Reduced -9.4k -9,410
91 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 9,2509.2k $626.1k $626.1k 0.00% New
92 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 9,2019.2k $622.8k $622.8k 0.01% New
93 NATIXIS 0.00% of their portfolio PARIS, I0 9,1929.2k $622.2k $622.2k 0.00% Unchanged
94 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 8,3918.4k $568.0k $568.0k 0.01% New
95 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 8,3688.4k $581.4k $581.4k 0.00% Added +2.0k +2,039
96 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 8,1368.1k $550.7k $550.7k 0.00% Added +1.2k +1,208
97 Investment Management Corp of Ontario 0.01% of their portfolio Toronto, Z4 8,0718.1k $546.3k $546.3k 0.01% Added +100 +100
98 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 7,4767.5k $488.1k $488.1k 0.00% Unchanged
99 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,2967.3k $493.2k $493.2k 0.00% Added +87 +87
100 Brevan Howard Capital Management LP 0.01% of their portfolio ST. HELIER, Y9 6,5206.5k $441.3k $441.3k 0.01% New