Weyerhaeuser Company ( WY ) w as also another new position, with Capital Growth buying up 2.6 million shares and putting the timber REIT as its 22nd largest holding (read about the timber outlook). Weyerhaeuser is a somewhat diversified REIT, deriving 43% of revenues from wood products (lumber, plywood, etc.), 26% from fibers (pulp), 15% from timberlands (land) and 15% from real estate (housing and residential development). The timber REIT has an impressive asset base, and driving future performance should be a turnaround in the U.S. housing market and a greater demand for timber exports.