Timber Stocks
Top 10 of 32 WOOD holdings, updated
As of 12 October 2026, timber stocks are losing ground: still ahead of the S&P 500 over the longer run, but behind over the past month. WOOD trails the S&P 500 by 8.0 points over one month and ranks #93 of 115 groups Zensei tracks. 2 of the 4 timber stocks Zensei prices in WOOD beat the fund this month.
Where timber stocks stand now
As of 12 October 2026, Timber & Forestry (WOOD) ranks #93 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is losing its lead. It built a 3.5-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 8.0 points behind the market — the Cooling quadrant of the rotation map.
On the shorter tape, WOOD's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. WOOD's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via iShares Global Timber & Forestry ETF, whose 32 tracked holdings are led by Suzano SA, Weyerhaeuser Co and Nine Dragons Paper (Holdings) Ltd. Weighted by portfolio, the fund's holdings trade at roughly 28.3× earnings. The thing to watch from here is whether this is a pause or a handoff: cooling groups sometimes reset and reclaim leadership, but a deepening one-month deficit usually means rotation has moved on.
Top timber stocks right now
The largest timber stocks by weight in WOOD, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of WOOD
- 1Suzano SA7.7%
- 2Weyerhaeuser CoWY7.5%
- 3Nine Dragons Paper (Holdings) Ltd5.4%
- 4Svenska Cellulosa AB5.3%
- 5Holmen AB4.9%
Strongest this month
1-month return, holdings Zensei prices
- 1Smurfit Westrock PLCSW−5.0%
- 2Rayonier IncRYN−5.4%
- 3Sylvamo CorpSLVM−10.3%
- 4Weyerhaeuser CoWY−14.1%
Timber Stocks vs the S&P 500
Over the week to 12 October 2026, WOOD rose 0.6% while the S&P 500 rose 0.4%. WOOD and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means WOOD won that window.
Prices as of · computed from daily adjusted closes · how we measure
Timber & Forestry on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are timber stocks expensive?
The price-to-earnings ratio of WOOD as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
WOOD holdings: the timber stocks inside
As of 12 October 2026, 2 of the 4 timber stocks Zensei prices in WOOD beat the fund over the past month. 0 of them beat the S&P 500. The strongest is Smurfit Westrock PLC (SW); the weakest is Weyerhaeuser Co (WY). Inside the fund, the holdings split between winners and losers.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | Suzano SA | 7.7% | — | — | No price data | ||
| 2 | WYWeyerhaeuser Co | 7.5% | −14.1% | −18.4% | −8.2 pts | Weak | Broken |
| 3 | Nine Dragons Paper (Holdings) Ltd | 5.4% | — | — | No price data | ||
| 4 | Svenska Cellulosa AB | 5.3% | — | — | No price data | ||
| 5 | Holmen AB | 4.9% | — | — | No price data | ||
| 6 | West Fraser Timber Co.Ltd | 4.7% | — | — | No price data | ||
| 7 | Shandong Sunpaper Co Ltd | 4.7% | — | — | No price data | ||
| 8 | Oji Holdings Corp | 4.5% | — | — | No price data | ||
| 9 | Mondi PLC | 4.5% | — | — | No price data | ||
| 10 | SLVMSylvamo Corp | 4.4% | −10.3% | −19.4% | −4.4 pts | Weak | Broken |
All 32 WOOD holdings by weight: Suzano SA 7.7%, Weyerhaeuser Co (WY) 7.5%, Nine Dragons Paper (Holdings) Ltd 5.4%, Svenska Cellulosa AB 5.3%, Holmen AB 4.9%, West Fraser Timber Co.Ltd 4.7%, Shandong Sunpaper Co Ltd 4.7%, Oji Holdings Corp 4.5%, Mondi PLC 4.5%, Sylvamo Corp (SLVM) 4.4%, Smurfit Westrock PLC (SW) 4.3%, Upm-Kymmene OYJ 4.3%, Nippon Paper Industries Co Ltd 4.2%, Stora Enso OYJ 4.2%, Rayonier Inc (RYN) 4.1%, Sumitomo Forestry Co Ltd 4.0%, Scg Packaging Pcl Nvdr 4.0%, Cnh/Usd Purchased 2.9%, Empresas Cmpc SA 2.6%, Billerud AB 2.3%, The Navigator Co SA 2.0%, Sappi Ltd 1.9%, Dexco SA 1.8%, Pt Indah Kiat Pulp & Paper Tbk 1.8%, Sek/Usd Purchased 0.1%, Eur/Usd Purchased 0.0%, Cad/Usd Purchased 0.0%, Hkd/Usd Purchased 0.0%, Gbp/Usd Purchased 0.0%, Jpy/Usd Purchased 0.0%, Clp/Usd Purchased 0.0%, Brl/Usd Purchased 0.0%.
Timber Stocks: common questions
What are the top 3 timber stocks?
As of 12 October 2026, the three largest timber stocks in WOOD by fund weight are Suzano SA (7.7%), Weyerhaeuser Co (WY) (7.5%) and Nine Dragons Paper (Holdings) Ltd (5.4%). Fund weight shows size inside the fund, not a recommendation.
Which timber stocks are beating the sector?
As of 12 October 2026, 2 of the 4 timber stocks Zensei prices in WOOD beat the fund over the past month. The strongest over the past month is Smurfit Westrock PLC (SW). The list above shows every holding with its weight and returns.
Are timber stocks outperforming the S&P 500?
No. As of 12 October 2026, WOOD trails the S&P 500 by 8.0 points over the past month.
Is it a good time to invest in timber stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, timber stocks are ahead of the S&P 500 over the longer window but behind over the past month, a fading lead. The rotation map and the read on this page show whether that trend is building or fading.
What is WOOD?
WOOD is iShares Global Timber & Forestry ETF. Zensei uses it to measure timber stocks against the S&P 500 (SPY).
What stocks does WOOD own?
As of 12 October 2026, the largest of the 32 positions Zensei tracks in WOOD are Suzano SA, Weyerhaeuser Co, Nine Dragons Paper (Holdings) Ltd, Svenska Cellulosa AB, Holmen AB. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is timber & forestry in right now?
As of 12 October 2026, timber & forestry is in the Cooling quadrant — still ahead over the longer window, but behind the market over the past month. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: losing ground
Related sectors
Track timber & forestry against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.