5 Best Lumber Stocks To Invest In 2023

2. Weyerhaeuser Company (NYSE:WY)

Number of Hedge Fund Investors In Q3 2023: 24

Weyerhaeuser Company (NYSE:WY) is the second timberland real estate investment trust on our list. Like other timber companies, it also fell victim to a slow construction industry in the third quarter as its log sales dropped by 9.2% annually.

Insider Monkey took a look at 910 hedge fund portfolios for their September quarter of 2023 shareholdings to find that 24 had bought the firm’s shares. Weyerhaeuser Company (NYSE:WY)’s largest stakeholder among these was Jean-Marie Eveillard’s First Eagle Investment Management as it owned $438 million worth of shares.

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