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 ($223.7m 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 ≈ $117.49. Options: 24 managers hold calls ($335.5m notional), 25 hold puts ($488.0m).
Trends to Q4 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 |
| Q4 2025 | 810 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 378 | 310 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $356.0m | $135.7m | 0.38 |
| Q2 2025 | $329.9m | $176.3m | 0.53 |
| Q3 2025 | $423.8m | $630.3m | 1.49 |
| Q4 2025 | $335.5m | $488.0m | 1.45 |
Biggest buyers
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +4.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.7m |
| VAN ECK ASSOCIATES CORP | Added | +1.4m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +1.0m |
| BARCLAYS PLC | Added | +930.2k |
| AQR CAPITAL MANAGEMENT LLC | Added | +870.5k |
| GOLDMAN SACHS GROUP INC | Added | +690.4k |
| BANK OF MONTREAL /CAN/ | Added | +605.4k |
| Clearbridge Investments, LLC | New | +575.6k |
| FMR LLC | Added | +499.7k |
Biggest sellers
| FIL Ltd | Reduced | -6.9m |
| JPMORGAN CHASE & CO | Reduced | -3.5m |
| First Eagle Investment Management, LLC | Reduced | -1.8m |
| ROYAL BANK OF CANADA | Reduced | -1.6m |
| Tidal Investments LLC | Sold out | -1.2m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.2m |
| Qube Research & Technologies Ltd | Reduced | -957.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -780.1k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -775.5k |
| BANK OF AMERICA CORP /DE/ | Reduced | -735.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $152.7m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $47.7m406.3k shares |
| IMC-Chicago, LLC | Added | $29.0m246.5k shares |
| JANE STREET GROUP, LLC | Reduced | $17.8m151.6k shares |
| GROUP ONE TRADING LLC | Added | $17.6m149.6k shares |
| SIG North Trading, ULC | Added | $17.0m144.7k shares |
| Point72 Asset Management, L.P. | Added | $12.4m105.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $5.9m50.6k shares |
| Verition Fund Management LLC | Reduced | $5.4m45.6k shares |
| PEAK6 LLC | Added | $4.9m41.8k shares |
Biggest puts
| BARCLAYS PLC | Unchanged | $158.7m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $125.4m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $80.4m684.3k shares |
| IMC-Chicago, LLC | Reduced | $19.5m166.1k shares |
| Verition Fund Management LLC | Added | $16.8m142.8k shares |
| SIG North Trading, ULC | Added | $12.4m105.9k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $11.8m100.0k shares |
| JANE STREET GROUP, LLC | Added | $10.1m86.1k shares |
| Point72 Asset Management, L.P. | Added | $9.7m82.9k shares |
| PEAK6 LLC | Added | $6.4m54.8k 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 Q4 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.60% of their portfolio | 37.3m $4.4bn | Reduced -359.0k |
| VANGUARD GROUP INC 0.03% of their portfolio | 19.1m $2.2bn | Added +289.9k |
| FMR LLC 0.11% of their portfolio | 17.5m $2.1bn | Added +499.7k |
| First Eagle Investment Management, LLC 3.18% of their portfolio | 15.4m $1.8bn | Reduced -1.8m |
| VAN ECK ASSOCIATES CORP 1.41% of their portfolio | 14.5m $1.7bn | Added +1.4m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 1.93% of their portfolio | 11.0m $1.3bn | Added +4.0m |
| ROYAL BANK OF CANADA 0.18% of their portfolio | 8.6m $1.0bn | Reduced -1.6m |
| Capital International Investors 0.14% of their portfolio | 7.6m $892.6m | Added +93.6k |
| NORGES BANK 0.09% of their portfolio | 7.4m $865.0m | Not comparable |
| TD Asset Management Inc 0.69% of their portfolio | 7.3m $857.6m | Added +33.2k |
| BANK OF MONTREAL /CAN/ 0.34% of their portfolio | 7.1m $830.1m | Added +605.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.25% of their portfolio | 6.6m $777.4m | Reduced -182.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.41% of their portfolio | 5.9m $695.0m | Added +1.7m |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 5.8m $684.6m | Added +690.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 4.5m $545.0m | Added +304.9k |
| MACKENZIE FINANCIAL CORP 0.54% of their portfolio | 3.8m $456.0m | Added +196.2k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 3.8m $442.5m | Reduced -735.7k |
| CIBC WORLD MARKET INC. 0.74% of their portfolio | 3.5m $411.1m | Added +163.7k |
| NATIONAL BANK OF CANADA /FI/ 0.40% of their portfolio | 3.3m $387.0m | Reduced -563.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.25% of their portfolio | 3.2m $379.3m | Added +1.0m |
| Legal & General Group Plc 0.08% of their portfolio | 3.2m $378.3m | Added +11.0k |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 3.2m $373.9m | Added +250.8k |
| FIL Ltd 0.26% of their portfolio | 3.0m $353.2m | Reduced -6.9m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.8m $334.4m | Reduced -3.5m |
| CIBC Asset Management Inc 0.80% of their portfolio | 2.8m $330.3m | Reduced -46.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.27% of their portfolio | 2.8m $327.3m | Reduced -1.2m |
| MORGAN STANLEY 0.02% of their portfolio | 2.7m $314.5m | Reduced -4.6k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 3.96% of their portfolio | 2.5m $293.0m | Reduced -298.6k |
| Invesco Ltd. 0.03% of their portfolio | 2.5m $290.8m | Added +363.7k |
| Amundi 0.08% of their portfolio | 2.5m $288.3m | Added +186.5k |
| BARCLAYS PLC 0.10% of their portfolio | 2.1m $246.0m | Added +930.2k |
| BlackRock, Inc. 0.00% of their portfolio | 1.9m $221.7m | Reduced -312.0k |
| NEUBERGER BERMAN GROUP LLC 0.15% of their portfolio | 1.7m $200.7m | Reduced -775.5k |
| Federation des caisses Desjardins du Quebec 0.75% of their portfolio | 1.7m $196.0m | Added +124.1k |
| DekaBank Deutsche Girozentrale 0.16% of their portfolio | 1.6m $95.4m | Unchanged |
| Capital Research Global Investors 0.03% of their portfolio | 1.5m $179.6m | Added +69.0k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.73% of their portfolio | 1.5m $178.5m | Added +1.0k |
| TORONTO DOMINION BANK 0.30% of their portfolio | 1.4m $168.0m | Added +147.5k |
| Man Group plc 0.32% of their portfolio | 1.4m $165.3m | Added +429.2k |
| Swiss National Bank 0.08% of their portfolio | 1.2m $141.7m | Reduced -102.7k |
| UBS Group AG 0.03% of their portfolio | 1.2m $140.5m | Reduced -234.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.36% of their portfolio | 1.2m $138.3m | Reduced -536.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.0m $121.4m | Added +12.1k |
| Orbis Allan Gray Ltd 0.50% of their portfolio | 1.0m $120.3m | Unchanged |
| BANK OF NOVA SCOTIA 0.17% of their portfolio | 951.9k $111.9m | Reduced -471.6k |
| Dixon Mitchell Investment Counsel Inc. 3.62% of their portfolio | 935.3k $109.8m | Added +96.4k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 903.7k $106.2m | Added +870.5k |
| SPROTT INC. 3.77% of their portfolio | 893.9k $105.1m | Reduced -258.0k |
| Canoe Financial LP 1.42% of their portfolio | 887.9k $104.4m | Reduced -84.6k |
| JUPITER ASSET MANAGEMENT LTD 0.78% of their portfolio | 828.2k $97.3m | Added +38.3k |
| PICTON MAHONEY ASSET MANAGEMENT 1.04% of their portfolio | 810.3k $95.4m | Added +349.1k |
| TD Waterhouse Canada Inc. 0.54% of their portfolio | 744.2k $86.8m | Reduced -64.9k |
| SCOTIA CAPITAL INC. 0.35% of their portfolio | 741.5k $86.5m | Added +61.0k |
| MUFG SECURITIES (CANADA), LTD. 2.26% of their portfolio | 691.3k $81.3m | Reduced -59.9k |
| Delaney Capital Management Ltd. 13.13% of their portfolio | 672.8k $79.2m | First filing |
| Fiera Capital Corp 0.25% of their portfolio | 671.7k $79.0m | Added +320.2k |
| DUDLEY & SHANLEY, INC. 12.63% of their portfolio | 668.6k $78.6m | Reduced -27.1k |
| Caisse de depot et placement du Quebec 0.13% of their portfolio | 627.4k $73.9m | Reduced -60.4k |
| CANADA LIFE ASSURANCE Co 0.12% of their portfolio | 610.0k $71.2m | Reduced -334.2k |
| BOWEN HANES & CO INC 1.75% of their portfolio | 594.4k $69.9m | Reduced -23.5k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 586.4k $69.3m | Added +221.2k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 580.3k $68.2m | Reduced -65.9k |
| Clearbridge Investments, LLC 0.05% of their portfolio | 575.6k $67.6m | New |
| Addenda Capital Inc. 2.70% of their portfolio | 570.4k $92.0m | Added +98.2k |
| CITIGROUP INC 0.05% of their portfolio | 565.1k $66.5m | Reduced -77.2k |
| AVIVA PLC 0.11% of their portfolio | 534.6k $62.9m | Added +27.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 531.3k $62.4m | Added +2.2k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.87% of their portfolio | 509.1k $59.8m | Reduced -2.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 480.6k $56.9m | Added +16.6k |
| Nuveen, LLC 0.01% of their portfolio | 480.2k $56.5m | Added +847 |
| Bank of New York Mellon Corp 0.01% of their portfolio | 471.4k $55.4m | Added +1.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 469.1k $55.1m | Added +24.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.08% of their portfolio | 449.6k $72.6m | New |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 432.2k $50.8m | Reduced -30.7k |
| Douglas Lane & Associates, LLC 0.69% of their portfolio | 430.5k $50.6m | Reduced -26.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.10% of their portfolio | 421.8k $49.6m | Added +4.6k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 421.0k $49.6m | Reduced -4.3k |
| 1832 Asset Management L.P. 0.06% of their portfolio | 399.6k $47.0m | Added +156.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 397.0k $46.7m | Added +16.9k |
| BLI - Banque de Luxembourg Investments 1.36% of their portfolio | 393.5k $46.2m | Added +8.5k |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 383.8k $45.1m | Reduced -108.2k |
| Hillsdale Investment Management Inc. 1.24% of their portfolio | 380.3k $44.8m | Added +5.5k |
| BARINGS LLC 0.82% of their portfolio | 378.9k $44.5m | Reduced -67.8k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.23% of their portfolio | 363.3k $42.7m | Reduced -546.8k |
| Stack Financial Management, Inc 3.08% of their portfolio | 343.6k $40.4m | Reduced -6.6k |
| GUARDIAN CAPITAL LP 1.16% of their portfolio | 332.3k $39.1m | Reduced -3.4k |
| MUFG Securities EMEA plc 0.45% of their portfolio | 330.0k $38.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 327.4k $38.5m | Reduced -780.1k |
| GABELLI FUNDS LLC 0.26% of their portfolio | 323.0k $38.0m | Reduced -305.8k |
| Generali Asset Management SPA SGR 0.83% of their portfolio | 318.3k $40.4m | Reduced -8.4k |
| CREDIT AGRICOLE S A 0.10% of their portfolio | 309.4k $36.4m | Added +10.4k |
| Summit Financial, LLC 0.53% of their portfolio | 308.0k $36.2m | Reduced -15.0k |
| Moerus Capital Management LLC 15.60% of their portfolio | 307.9k $36.2m | Reduced -90.4k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 302.1k $35.6m | Added +100 |
| ALPS ADVISORS INC 0.21% of their portfolio | 299.7k $35.2m | Added +160.6k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 288.3k $33.9m | Reduced -957.5k |
| Euro Pacific Asset Management, LLC 3.68% of their portfolio | 285.9k $33.1m | Added +246 |
| Korea Investment CORP 0.07% of their portfolio | 285.9k $33.7m | Reduced -3.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.10% of their portfolio | 284.4k $33.5m | Reduced -26.4k |
| TWO SIGMA ADVISERS, LP 0.06% of their portfolio | 276.1k $32.4m | Added +32.9k |