West Fraser Timber

WFG • NYSE

West Fraser Timber is a paper, lumber & forest products company in the basic materials sector on NYSE, led by Eric L. Butler, with a market cap of $4.7B. As of Q3 2025, 48% of shares are held by 176 institutional investors, with FIL Ltd as the largest holder at 11.15%.

Chief Executive OfficerEric L. Butler

Market Cap$4.7B

Paper, Lumber & Forest Products

Basic Materials

Employees10.8K

Websitewestfraser.com

Overview

Overview of institutional ownership in WFG as of Q3 2025 with a market cap of $5.4B

All Institutions

Institutions: 176
Value Held: $2.5B
Shares Held: 37.4M
Avg Position: $14.5M
Median Position: $771.1K

Hedge Funds

Hedge Funds: 17
Value Held: $44.8M
Shares Held: 654.2K
Avg Position: $2.6M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

46.72%

$2.5B

Hedge Funds

0.836%

$44.8M

Retail & Other

52.44%

$2.8B

Based on market cap of $5.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in WFG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
F FIL Ltd Institution	-	$597.9M 0.47% of portfolio	11.15% 8.8M shares	Q1 2021 Held for 4y 8m	$127.75B
R ROYAL BANK OF CANADA Institution	-	$203.6M 0.04% of portfolio	3.80% 3.0M shares	Q1 2021 Held for 4y 8m	$542.04B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$191.1M 0.02% of portfolio	3.56% 2.8M shares	Q1 2021 Held for 4y 8m	$912.31B
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$163.5M 0.07% of portfolio	3.05% 2.4M shares	Q1 2021 Held for 4y 8m	$227.19B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$147.8M 0.00% of portfolio	2.76% 2.2M shares	Q1 2021 Held for 4y 8m	$6.69T
G GCIC Ltd. Institution	-	$129.0M 0.22% of portfolio	2.41% 1.9M shares	Q1 2021 Held for 4y 8m	$58.8B
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$116.9M 0.14% of portfolio	2.18% 1.7M shares	Q2 2021 Held for 4y 5m	$82.7B
MANNING & NAPIER ADVISORS LLC RIA/Wealth	Marc Orlans Mayer CEO	$113.7M 1.45% of portfolio	2.12% 1.7M shares	Q2 2024 Held for 1y 5m	$7.8B
FMR LLC Institution	-	$91.0M 0.00% of portfolio	1.70% 1.3M shares	Q1 2021 Held for 4y 8m	$1.92T
LETKO, BROSSEAU & ASSOCIATES INC Long Only Manager	Thomas Massey Birks Chairman	$78.1M 1.34% of portfolio	1.46% 1.1M shares	Q1 2021 Held for 4y 8m	$5.8B

Net Capital Flow

Institutional buying and selling activity for WFG in Q3 2025

Traded: +$321.3M
Buyers: 88
Sellers: 107
Total Bought: +$525.0M
Total Sold: −$203.7M
Avg Position: $11.8M

Biggest Buyers

Institution	Net Bought	Current Position
F FIL Ltd Institution	+$185.3M +2.7M shares	$597.9M 8.8M shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$60.8M +894.0K shares	$61.0M 896.9K shares
MACKENZIE FINANCIAL CORP Long Only Manager	+$55.2M +812.5K shares	$116.9M 1.7M shares
MANNING & NAPIER ADVISORS LLC RIA/Wealth	+$54.3M +799.4K shares	$113.7M 1.7M shares
G GCIC Ltd. Institution	+$17.4M +255.7K shares	$129.0M 1.9M shares
J JANE STREET GROUP, LLC Institution	+$16.6M +244.1K shares	$17.0M 250.6K shares
D D. E. Shaw & Co., Inc. Institution	+$14.0M +206.6K shares	$18.6M 273.9K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$13.9M +203.8K shares	$191.1M 2.8M shares
BANK OF MONTREAL /CAN/ Institution	+$8.9M +130.7K shares	$163.5M 2.4M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$8.5M +125.1K shares	$13.4M 196.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$24.5M −358.7K shares	$3.5M 52.0K shares
K KEMPEN CAPITAL MANAGEMENT N.V. Institution	−$24.2M −255.9K shares	$17.7M 187.1K shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	−$19.8M −269.7K shares	Sold Off 0 shares
Pictet Asset Management Holding SA Long Only Manager	−$12.8M −188.9K shares	$56.9M 836.8K shares
I Impala Asset Management LLC Hedge Fund•Long/Short	−$8.7M −113.9K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$8.4M −124.0K shares	$14.8M 218.0K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	−$7.5M −109.8K shares	$18.8M 276.9K shares
A Amundi Institution	−$6.3M −89.5K shares	$10.7M 151.3K shares
L LEGAL & GENERAL GROUP PLC Institution	−$5.2M −76.2K shares	$12.7M 186.9K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	−$5.0M −68.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited WFG in Q3 2025

New Positions: 7
New Value: $2.7M
Exited Positions: 40
Exited Value: $67.2M

New Positions

Institution	Position Value
CenterBook Partners LP Hedge Fund•Market Neutral	$1.4M 20.0K shares
Northside Capital Management, LLC RIA/Wealth	$373.9K 5.5K shares
S Skopos Labs, Inc. RIA/Wealth	$321.2K 4.7K shares
FourThought Financial Partners, LLC RIA/Wealth	$303.3K 4.5K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$224.2K 3.3K shares
Groupe la Francaise Fund of Funds	$125.8K 1.9K shares
Point72 Ltd RIA/Wealth	$36.7K 540.0 shares

Exited Positions

Institution	Previous Position
C CANADA PENSION PLAN INVESTMENT BOARD Institution	$19.8M 269.7K shares
I Impala Asset Management LLC Hedge Fund•Long/Short	$8.7M 113.9K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$5.0M 68.4K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$5.0M 67.5K shares
K Korea Investment CORP Institution	$4.6M 63.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.7M 50.1K shares
A AVIVA PLC Institution	$2.8M 37.8K shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	$2.3M 32.0K shares
M Mn Services Vermogensbeheer B.V. Institution	$1.5M 19.9K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$1.3M 17.5K shares

Options Activity

Institutions with the largest Call and Put options positions in WFG as of Q3 2025

Call Positions: 8
Call Value: $12.9M
Put Positions: 6
Put Value: $4.4M

Call Positions

Institution	Position Value
C CIBC World Markets Inc. Institution	$8.3M 1.2K contracts
Polar Securities Inc. Hedge Fund•Multi-Strategy	$2.0M 300.0 contracts
TORONTO DOMINION BANK Institution	$1.1M 160.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$659.4K 97.0 contracts
S SIG North Trading, ULC Institution	$577.8K 85.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$265.1K 39.0 contracts
BANK OF MONTREAL /CAN/ Institution	$20.4K 3.0 contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.0M 296.0 contracts
S SIG North Trading, ULC Institution	$1.4M 201.0 contracts
Walleye Trading LLC RIA/Wealth	$693.4K 102.0 contracts
W WOLVERINE TRADING, LLC Institution	$331.9K 49.0 contracts
BANK OF MONTREAL /CAN/ Institution	$27.2K 4.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

Institutions with WFG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
L Lightrock Netherlands B.V. Institution	-	4.17% $16.0M	0.35% 275.8K shares	Q4 2024 Held for 11 months	$382.4M
R ROBOTTI ROBERT Institution	-	3.40% $19.9M	0.37% 293.2K shares	Q1 2021 Held for 4y 8m	$585.9M
G Galibier Capital Management Ltd. Institution	-	3.07% $9.2M	0.17% 135.6K shares	Q1 2024 Held for 1y 8m	$300.1M
MANNING & NAPIER ADVISORS LLC RIA/Wealth	Marc Orlans Mayer CEO	1.45% $113.7M	2.12% 1.7M shares	Q2 2024 Held for 1y 5m	$7.8B
LETKO, BROSSEAU & ASSOCIATES INC Long Only Manager	Thomas Massey Birks Chairman	1.34% $78.1M	1.46% 1.1M shares	Q1 2021 Held for 4y 8m	$5.8B
F FIL Ltd Institution	-	0.47% $597.9M	11.15% 8.8M shares	Q1 2021 Held for 4y 8m	$127.75B
C CoreCommodity Management, LLC Hedge Fund•Global Macro	Bradford L Klein President	0.41% $2.3M	0.04% 33.6K shares	Q2 2023 Held for 2y 5m	$551.0M
E EJF Capital LLC Institution	-	0.39% $679.8K	0.01% 10.0K shares	Q2 2022 Held for 3y 5m	$174.8M
Pacifica Partners Inc. RIA/Wealth	Naveen Chandra Gopal President	0.34% $939.5K	0.02% 13.9K shares	Q1 2021 Held for 4y 8m	$279.5M
S SIG North Trading, ULC Institution	-	0.29% $1.9M	0.03% 27.3K shares	Q1 2024 Held for 1y 8m	$648.8M

Hedge Fund Spotlight

Discover hedge funds investing in WFG

Point72 Asset Management, L.P.

Hedge Fund • Multi-Strategy

Portfolio ManagerSteven Alan Cohen

Portfolio Value: $43.2B
Positions: 1,279
Last Reported: Q3 2025

Sector Allocation

Position in West Fraser Timber

Market Value: $652.7K
Shares Held: 9.6K
Portfolio Weight: 0.00%
Owned Since: 2024-Q2

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