First Eagle Investment Management, LLC filed Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership of 47,271,603 shares of Weyerhaeuser REIT common stock, equal to 6.6% of the class, as of 12/31/2025. The filing shows sole voting power over 42,969,932 shares and sole dispositive power over 47,271,603 shares, and states these securities are held on behalf of investment advisory clients.
Positive
None.
Negative
None.
Insights
Large passive holding reported for Weyerhaeuser by First Eagle Investment Management.
First Eagle reports ownership of 47,271,603 shares (6.6%) as of 12/31/2025, with voting and dispositive authority concentrated in its advisory structure. The filing attributes holdings to advisory clients rather than to the adviser alone.
Future filings may show changes in percent ownership; voting and dispositive counts here are the primary on‑record metrics to track for potential stewardship or engagement signals.
Amendment clarifies beneficial ownership and reporting attribution.
The disclosure cites First Eagle Investment Management's role as an investment adviser under the Investment Advisers Act of 1940 and states clients retain dividend and sale rights. The filing aligns with Schedule 13G/A disclosure practice for institutional passive investors.
Material legal qualifiers and client attributions are stated; filings dated 05/13/2026 complete the signature record.
Key Figures
Shares beneficially owned:47,271,603 sharesPercent of class:6.6%Sole voting power:42,969,932 shares+4 more
7 metrics
Shares beneficially owned47,271,603 sharesbeneficial ownership as of 12/31/2025
Percent of class6.6%percent of common stock outstanding
Sole voting power42,969,932 sharesshares with sole power to vote
Sole dispositive power47,271,603 sharesshares with sole power to dispose
Form typeSchedule 13G/AAmendment No. 1 reporting beneficial ownership
CUSIP962166104Weyerhaeuser security identifier
Filing signature date05/13/2026signed by General Counsel David O'Connor
Key Terms
Schedule 13G/A, beneficially owned, sole dispositive power, Investment Advisers Act of 1940
4 terms
Schedule 13G/Aregulatory
"Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficially ownedfinancial
"Amount beneficially owned: 47,271,603"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 47,271,603"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Investment Advisers Act of 1940regulatory
"FEIM, an investment adviser registered under Section 203 of the Investment Advisers Act of 1940"
A U.S. federal law that sets rules for people and firms who give investment advice, requiring them to register with regulators, be honest about conflicts, keep records, and follow basic standards of care. It matters to investors because those rules act like licensing and consumer protections — similar to having safety standards for a mechanic — helping ensure advisers act in clients’ financial interests and reducing the risk of fraud or misuse of funds.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
WEYERHAEUSER CO
(Name of Issuer)
REIT
(Title of Class of Securities)
962166104
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
962166104
1
Names of Reporting Persons
First Eagle Investment Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
42,969,932.49
6
Shared Voting Power
0.00
7
Sole Dispositive Power
47,271,603.20
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
47,271,603.20
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
WEYERHAEUSER CO
(b)
Address of issuer's principal executive offices:
220 OCCIDENTAL AVENUE SOUTH, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE, NEW YORK, 98104
Item 2.
(a)
Name of person filing:
First Eagle Investment Management, LLC
(b)
Address or principal business office or, if none, residence:
1345 Avenue of the Americas
New York, NY 10105
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
REIT
(e)
CUSIP No.:
962166104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
47,271,603
(b)
Percent of class:
6.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
42,969,932
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
47,271,603
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Securities reported on this Schedule 13G as being beneficially owned by First Eagle Investment Management, LLC are held by or at the direction of First Eagle Investment Management, LLC and/or one or more of its investment adviser subsidiaries, which may include First Eagle Separate Account Management, LLC, principally on behalf of investment advisory clients, which may include investment companies registered under the Investment Company Act, employee benefit plans, pension funds, other institutional clients, or separate accounts, but sometimes for its own account.
First Eagle Investment Management, LLC (FEIM), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is deemed to be the beneficial owner of 4,7271,603.2 shares, or 5.56% of the common stock believed to be outstanding as a result of acting as investment adviser to various clients. Clients of FEIM have the right to receive and the ultimate power to direct the receipt of dividends from, or the proceeds of the sale of, such securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does First Eagle report in Weyerhaeuser (WY)?
First Eagle reports holding 47,271,603 shares of Weyerhaeuser common stock, representing 6.6% of the class as of 12/31/2025. The filing attributes these holdings to advisory clients rather than sole proprietary ownership.
How much voting control does First Eagle have over WY shares?
The filing discloses sole voting power for 42,969,932 shares. It also reports sole dispositive power for 47,271,603 shares, reflecting the adviser’s authority to direct votes and dispositions for clients.
Does First Eagle hold WY shares for its own account?
The disclosure states the shares are held by or at the direction of First Eagle and/or its adviser subsidiaries, principally on behalf of investment advisory clients, employee plans, and separate accounts; client beneficial rights are emphasized in the filing.
What are the key dates on the Schedule 13G/A for WY?
The beneficial ownership is reported "as of" 12/31/2025 and the filing is signed on 05/13/2026 by David O'Connor, General Counsel, completing Amendment No. 1 to the Schedule 13G/A.
