WHEATON PRECIOUS METALS CORP WPM
COM · Common Stock · CUSIP 962879102 · ISIN CA9628791027
- SectorMaterials
- IndustryGold and Silver Ores
- 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 ($188.5m this quarter). Holder counts are more reliable. Shares outstanding: 454.0m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $111.97. Options: 30 managers hold calls ($423.8m notional), 30 hold puts ($630.3m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 460 |
| Q4 2022 | 511 |
| Q1 2023 | 505 |
| Q2 2023 | 510 |
| Q3 2023 | 489 |
| Q4 2023 | 538 |
| Q1 2024 | 518 |
| Q2 2024 | 553 |
| Q3 2024 | 606 |
| Q4 2024 | 628 |
| Q1 2025 | 665 |
| Q2 2025 | 689 |
| Q3 2025 | 750 |
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 2023 | 234 | 210 |
| Q1 2024 | 218 | 254 |
| Q2 2024 | 261 | 217 |
| Q3 2024 | 284 | 218 |
| Q4 2024 | 266 | 265 |
| Q1 2025 | 298 | 269 |
| Q2 2025 | 297 | 308 |
| Q3 2025 | 381 | 266 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $201.1m | $119.4m | 0.59 |
| Q1 2025 | $356.0m | $135.7m | 0.38 |
| Q2 2025 | $329.9m | $176.3m | 0.53 |
| Q3 2025 | $423.8m | $630.3m | 1.49 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +3.3m |
| GOLDMAN SACHS GROUP INC | Added | +1.9m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +1.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.5m |
| BANK OF MONTREAL /CAN/ | Added | +1.3m |
| Qube Research & Technologies Ltd | Added | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +903.8k |
| Capital Research Global Investors | Added | +893.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +753.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +559.5k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -9.9m |
| VAN ECK ASSOCIATES CORP | Reduced | -4.5m |
| FIL Ltd | Reduced | -2.2m |
| Capital World Investors | Reduced | -1.1m |
| First Eagle Investment Management, LLC | Reduced | -937.3k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -884.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Sold out | -693.5k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -647.5k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -384.0k |
| Amundi | Reduced | -351.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $130.2m1.2m shares |
| CITADEL ADVISORS LLC | Reduced | $51.2m457.5k shares |
| TORONTO DOMINION BANK | Added | $31.7m283.2k shares |
| WOLVERINE TRADING, LLC | New | $26.0m235.5k shares |
| IMC-Chicago, LLC | Added | $21.8m195.0k shares |
| JANE STREET GROUP, LLC | Added | $20.1m179.5k shares |
| Eisler Capital Management Ltd. | Unchanged | $16.7m150.0k shares |
| GROUP ONE TRADING LLC | Reduced | $16.0m142.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $15.1m135.3k shares |
| SIG North Trading, ULC | Reduced | $11.4m102.0k shares |
Biggest puts
| BARCLAYS PLC | Added | $151.0m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $122.6m1.1m shares |
| CITADEL ADVISORS LLC | Added | $98.4m880.0k shares |
| Elliott Investment Management L.P. | Not comparable | $72.7m650.0k shares |
| IMC-Chicago, LLC | Added | $22.8m203.5k shares |
| BANK OF AMERICA CORP /DE/ | New | $16.8m150.0k shares |
| WOLVERINE TRADING, LLC | New | $16.6m150.6k shares |
| Twin Tree Management, LP | Added | $15.2m136.1k shares |
| Verition Fund Management LLC | Added | $13.0m116.6k shares |
| Walleye Capital LLC | Reduced | $11.8m105.3k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 6.3% |
Insider purchases and sales in Q3 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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.58% of their portfolio | 37.7m $4.2bn | Reduced -1.1m |
| VANGUARD GROUP INC 0.03% of their portfolio | 18.8m $2.1bn | Added +234.4k |
| First Eagle Investment Management, LLC 3.49% of their portfolio | 17.2m $1.9bn | Reduced -937.3k |
| FMR LLC 0.10% of their portfolio | 17.0m $1.9bn | Added +520.4k |
| VAN ECK ASSOCIATES CORP 1.36% of their portfolio | 13.1m $1.5bn | Reduced -4.5m |
| ROYAL BANK OF CANADA 0.20% of their portfolio | 10.2m $1.1bn | Reduced -9.9m |
| FIL Ltd 0.87% of their portfolio | 9.9m $1.1bn | Reduced -2.2m |
| Capital International Investors 0.14% of their portfolio | 7.5m $839.0m | Reduced -47.5k |
| TD Asset Management Inc 0.66% of their portfolio | 7.3m $811.7m | Added +244.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 1.24% of their portfolio | 7.0m $777.9m | Added +1.8m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.24% of their portfolio | 6.8m $760.2m | Reduced -136.5k |
| BANK OF MONTREAL /CAN/ 0.31% of their portfolio | 6.5m $722.3m | Added +1.3m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 6.4m $712.5m | Added +3.3m |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 5.1m $574.3m | Added +1.9m |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 4.5m $503.4m | Added +19.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 4.2m $482.4m | Added +559.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.30% of their portfolio | 4.2m $469.5m | Added +1.5m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.37% of their portfolio | 4.0m $445.9m | Added +753.7k |
| NATIONAL BANK OF CANADA /FI/ 0.49% of their portfolio | 3.9m $431.0m | Reduced -136.5k |
| MACKENZIE FINANCIAL CORP 0.49% of their portfolio | 3.6m $408.2m | Added +77.5k |
| CIBC WORLD MARKET INC. 0.77% of their portfolio | 3.3m $372.8m | Added +20.5k |
| Legal & General Group Plc 0.08% of their portfolio | 3.2m $358.5m | Added +193.3k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 2.9m $327.8m | Added +302.6k |
| CIBC Asset Management Inc 0.92% of their portfolio | 2.8m $319.5m | Reduced -348.3k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 3.81% of their portfolio | 2.8m $312.3m | Reduced -193.4k |
| MORGAN STANLEY 0.02% of their portfolio | 2.7m $299.9m | Added +210.5k |
| NEUBERGER BERMAN GROUP LLC 0.20% of their portfolio | 2.5m $277.5m | Reduced -647.5k |
| Amundi 0.08% of their portfolio | 2.3m $248.9m | Reduced -351.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.17% of their portfolio | 2.2m $248.5m | Added +123.0k |
| BlackRock, Inc. 0.00% of their portfolio | 2.2m $245.9m | Added +79.3k |
| Invesco Ltd. 0.04% of their portfolio | 2.1m $236.0m | Added +25.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.60% of their portfolio | 1.7m $191.6m | Reduced -884.0k |
| DekaBank Deutsche Girozentrale 0.30% of their portfolio | 1.6m $178.3m | Unchanged |
| Federation des caisses Desjardins du Quebec 0.68% of their portfolio | 1.6m $172.9m | Reduced -156.6k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.70% of their portfolio | 1.5m $169.7m | Reduced -7.2k |
| Capital Research Global Investors 0.03% of their portfolio | 1.5m $163.2m | Added +893.7k |
| UBS Group AG 0.03% of their portfolio | 1.4m $160.0m | Added +278.7k |
| BANK OF NOVA SCOTIA 0.28% of their portfolio | 1.4m $159.3m | Added +98.7k |
| Swiss National Bank 0.08% of their portfolio | 1.3m $146.2m | Reduced -73.0k |
| TORONTO DOMINION BANK 0.28% of their portfolio | 1.3m $143.4m | Added +512.5k |
| Qube Research & Technologies Ltd 0.20% of their portfolio | 1.2m $139.3m | Added +1.2m |
| Tidal Investments LLC 0.58% of their portfolio | 1.2m $137.5m | Added +350.0k |
| BARCLAYS PLC 0.05% of their portfolio | 1.2m $130.0m | Added +128.2k |
| SPROTT INC. 4.83% of their portfolio | 1.2m $128.9m | Added +33.1k |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 1.1m $123.9m | Added +903.8k |
| Orbis Allan Gray Ltd 0.49% of their portfolio | 1.0m $114.5m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.0m $114.1m | Reduced -14.6k |
| Man Group plc 0.21% of their portfolio | 977.6k $109.3m | Added +340.6k |
| Canoe Financial LP 1.55% of their portfolio | 972.5k $108.8m | Reduced -7.5k |
| CANADA LIFE ASSURANCE Co 0.15% of their portfolio | 944.2k $104.2m | Added +39.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.58% of their portfolio | 910.1k $101.8m | Reduced -198.8k |
| Dixon Mitchell Investment Counsel Inc. 3.34% of their portfolio | 838.9k $93.8m | Added +7.9k |
| TD Waterhouse Canada Inc. 0.59% of their portfolio | 809.1k $89.9m | Added +69.5k |
| JUPITER ASSET MANAGEMENT LTD 0.76% of their portfolio | 789.9k $88.3m | Added +120.6k |
| MUFG SECURITIES (CANADA), LTD. 2.35% of their portfolio | 751.2k $84.1m | Reduced -18.2k |
| DUDLEY & SHANLEY, INC. 12.52% of their portfolio | 695.7k $77.8m | Reduced -67.8k |
| Caisse de depot et placement du Quebec 0.14% of their portfolio | 687.8k $77.0m | Reduced -161.4k |
| SCOTIA CAPITAL INC. 0.32% of their portfolio | 680.5k $75.6m | Added +48.5k |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 678.4k $75.9m | Added +453.5k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 646.2k $72.3m | Reduced -17.7k |
| CITIGROUP INC 0.05% of their portfolio | 642.4k $71.9m | Reduced -18.2k |
| GABELLI FUNDS LLC 0.48% of their portfolio | 628.8k $70.3m | Reduced -42.5k |
| BOWEN HANES & CO INC 1.73% of their portfolio | 617.8k $69.1m | Reduced -435 |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 529.1k $59.2m | Added +54.8k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.83% of their portfolio | 511.5k $57.2m | Reduced -1.8k |
| AVIVA PLC 0.10% of their portfolio | 507.2k $56.7m | Reduced -8.2k |
| FEDERATED HERMES, INC. 0.10% of their portfolio | 492.0k $55.0m | Reduced -165.2k |
| Nuveen, LLC 0.01% of their portfolio | 479.3k $53.7m | Added +3.4k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 475.4k $53.2m | Added +117.7k |
| Addenda Capital Inc. 2.18% of their portfolio | 472.3k $73.6m | Added +183.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 470.0k $52.6m | Added +23.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 464.0k $52.5m | Added +53.1k |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 462.9k $51.8m | Reduced -345.4k |
| PICTON MAHONEY ASSET MANAGEMENT 0.66% of their portfolio | 461.2k $51.6m | Reduced -18.4k |
| Douglas Lane & Associates, LLC 0.71% of their portfolio | 457.4k $51.2m | Reduced -33.7k |
| BARINGS LLC 0.95% of their portfolio | 446.7k $50.0m | Added +7.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 444.6k $49.7m | Added +42.6k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 425.3k $47.6m | Reduced -66.2k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.10% of their portfolio | 417.2k $46.7m | Added +387.4k |
| Moerus Capital Management LLC 18.11% of their portfolio | 398.3k $44.6m | Reduced -89.8k |
| AXA Investment Managers S.A. 0.12% of their portfolio | 392.7k $43.9m | First filing |
| BLI - Banque de Luxembourg Investments 1.26% of their portfolio | 385.0k $43.1m | Reduced -50.0k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 380.1k $42.5m | Added +9.1k |
| Hillsdale Investment Management Inc. 1.27% of their portfolio | 374.8k $41.9m | Reduced -22.8k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 365.2k $40.7m | Added +59.2k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 361.7k $37.8m | Added +147.6k |
| Fiera Capital Corp 0.13% of their portfolio | 351.5k $39.3m | Reduced -10.8k |
| Stack Financial Management, Inc 3.25% of their portfolio | 350.3k $39.2m | Reduced -2.4k |
| Perpetual Ltd 0.49% of their portfolio | 350.0k $39.1m | Reduced -230.7k |
| GUARDIAN CAPITAL LP 1.21% of their portfolio | 335.7k $37.6m | Reduced -55.5k |
| Generali Asset Management SPA SGR 0.84% of their portfolio | 326.7k $39.4m | Reduced -124.4k |
| Summit Financial, LLC 0.55% of their portfolio | 323.0k $36.1m | Added +32.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.11% of their portfolio | 310.8k $34.8m | Reduced -25.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 308.8k $34.5m | Reduced -384.0k |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 302.1k $33.8m | Reduced -300 |
| CREDIT AGRICOLE S A 0.11% of their portfolio | 298.9k $33.4m | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 297.3k $33.2m | Reduced -64.9k |
| Korea Investment CORP 0.07% of their portfolio | 289.6k $32.4m | Reduced -1.3k |
| Euro Pacific Asset Management, LLC 3.81% of their portfolio | 285.7k $31.6m | Reduced -301.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 279.0k $31.2m | Added +49.0k |