Weyerhaeuser Company (NYSE:WY) was in 28 hedge funds’ portfolio at the end of the fourth quarter of 2012. WY shareholders have witnessed an increase in enthusiasm from smart money recently. There were 24 hedge funds in our database with WY holdings at the end of the previous quarter.
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With these “truths” under our belt, we’re going to take a look at the key action surrounding Weyerhaeuser Company (NYSE:WY).
Hedge fund activity in Weyerhaeuser Company (NYSE:WY)
At year’s end, a total of 28 of the hedge funds we track were long in this stock, a change of 17% from the third quarter. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were increasing their holdings significantly.
Of the funds we track, First Eagle Investment Management, managed by Jean-Marie Eveillard, holds the largest position in Weyerhaeuser Company (NYSE:WY). First Eagle Investment Management has a $522 million position in the stock, comprising 1.9% of its 13F portfolio. The second largest stake is held by Martin Whitman of Third Avenue Management, with a $162 million position; the fund has 3.5% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include Ken Heebner’s Capital Growth Management, Robert Bishop’s Impala Asset Management and Israel Englander’s Millennium Management.
As aggregate interest increased, key hedge funds have jumped into Weyerhaeuser Company (NYSE:WY) headfirst. Capital Growth Management, managed by Ken Heebner, created the most valuable position in Weyerhaeuser Company (NYSE:WY). Capital Growth Management had 72 million invested in the company at the end of the quarter. Ken Fisher’s Fisher Asset Management also made a $9 million investment in the stock during the quarter. The other funds with new positions in the stock are D. E. Shaw’s D E Shaw, Richard Driehaus’s Driehaus Capital, and David Costen Haley’s HBK Investments.
What do corporate executives and insiders think about Weyerhaeuser Company (NYSE:WY)?
Insider trading activity, especially when it’s bullish, is best served when the company we’re looking at has experienced transactions within the past 180 days. Over the latest half-year time period, Weyerhaeuser Company (NYSE:WY) has experienced zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).
With the results shown by our research, everyday investors must always pay attention to hedge fund and insider trading sentiment, and Weyerhaeuser Company (NYSE:WY) is no exception.
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