5 Best Paper Stocks to Buy Now

Seattle-based Weyerhaeuser is a major paper and pulp company, with about 12.4 million acres of timberlands in the country. The company also has about 14 million timberlands under long-term licenses in Canada. In December 2016, the company completed the sale of Cellulose Fibers pulp mills to International Paper for $2.2 billion in cash.

Hedge funds are loading up on Weyerhaeuser. A total of 41 hedge funds ended the third quarter with positions in the company, significantly up from 33 hedge funds in the previous quarter. The total worth of these stakes is $476.8 million. Here is what Third Avenue said about WY in its 2020 Q3 investor letter:

“Third Avenue has long championed enterprises with sound business practices run by aligned control groups that exhibit strong stewardship. Within Third Avenue’s real estate strategy, this oftentimes leads the Fund to “pass” on investments in companies with uncertain environmental liabilities, business models that could be deemed predatory, and corporate governance structures that are stacked against key stakeholders. Consequently, the select-set of real estate and real estate-related business that make it into the Third Avenue Real Estate Value Fund represent some of the true industry leaders in respect to their ESG practices, including Weyerhaeuser, that own more than 16 million acres of timberlands and sequester more carbon than any other privately-held enterprises globally (to our knowledge)— an underappreciated attribute that may ultimately have incremental value through a carbon-credit initiative or even strategic value for larger enterprises seeking to offset emissions.”