CUT Holdings List

As of May 1, 2025

No.	Symbol	Name	% Weight	Shares
1	AMCR	Amcor plc	8.04%	393,793
2	AVY	Avery Dennison Corporation	5.26%	13,799
3	STO: SCA.B	Svenska Cellulosa Aktiebolaget SCA (publ)	4.96%	171,880
4	WY	Weyerhaeuser Company	4.95%	85,243
5	PKG	Packaging Corporation of America	4.93%	11,948
6	HEL: UPM	UPM-Kymmene Oyj	4.85%	81,774
7	IP	International Paper Company	4.37%	44,245
8	LON: MNDI	Mondi plc	4.20%	125,052
9	SW	Smurfit Westrock Plc	4.17%	45,830
10	GPK	Graphic Packaging Holding Company	4.09%	85,028
11	BVMF: SUZB3	Suzano S.A.	3.91%	196,953
12	SWX: SIGN	SIG Group AG	3.71%	86,641
13	LPX	Louisiana-Pacific Corporation	3.48%	17,907
14	HEL: STERV	Stora Enso Oyj	3.43%	164,963
15	SON	Sonoco Products Company	2.71%	27,839
16	TSX: WFG	West Fraser Timber Co. Ltd.	2.58%	15,462
17	SEE	Sealed Air Corporation	2.53%	41,274
18	TYO: 3861	Oji Holdings Corporation	2.38%	229,894
19	HEL: HUH1V	Huhtamäki Oyj	2.26%	27,478
20	RYN	Rayonier Inc.	2.13%	40,100
21	PCH	PotlatchDeltic Corporation	1.92%	22,313
22	STO: HOLM.B	Holmen AB (publ)	1.90%	21,597
23	n/a	Klabin SA Ctf de Deposito de Acoes Cons of 1 Sh ' 4 Pfd Shs	1.72%	233,847
24	TSX: SJ	Stella-Jones Inc.	1.55%	14,237
25	STO: BILL	Billerud AB (publ)	1.50%	63,649
26	SLVM	Sylvamo Corporation	1.31%	9,875
27	SNSE: CMPC	Empresas CMPC S.A.	1.13%	318,710
28	n/a	Currency Contract - Usd	1.05%	466,506
29	CENTURYTEX.NS	Aditya Birla Real Estate Ltd	0.73%	14,236
30	JSE: SAP	Sappi Limited	0.72%	171,289
31	TYO: 3941	Rengo Co., Ltd.	0.66%	53,752
32	TPE: 1907	YFY Inc.	0.56%	305,000
33	ELI: NVG	The Navigator Company, S.A.	0.51%	60,525
34	TYO: 3865	Hokuetsu Corporation	0.50%	29,276
35	IDX: INKP	PT Indah Kiat Pulp & Paper Tbk	0.49%	697,441
36	TYO: 3863	Nippon Paper Industries Co., Ltd.	0.47%	28,039
37	HKG: 2689	Nine Dragons Paper (Holdings) Limited	0.38%	464,620
38	HEL: METSB	Metsä Board Oyj	0.37%	45,729
39	TSX: CFP	Canfor Corporation	0.37%	16,782
40	OSL: ELO	Elopak ASA	0.35%	38,162
41	SCGP-R	SCG Packaging PCL NVDR	0.35%	364,800
42	TYO: 3880	Daio Paper Corporation	0.34%	23,899
43	TSX: IFP	Interfor Corporation	0.33%	14,582
44	ELI: ALTR	Altri, SGPS, S.A.	0.31%	20,365
45	TSX: CAS	Cascades Inc.	0.31%	21,229
46	MAGN	Magnera Corporation	0.30%	8,999
47	NSE: CENTURYPLY	Century Plyboards (India) Limited	0.29%	15,720
48	CLW	Clearwater Paper Corporation	0.28%	4,693
49	IDX: TKIM	PT Pabrik Kertas Tjiwi Kimia Tbk	0.28%	396,878
50	BVMF: DXCO3	Dexco S.A.	0.25%	116,195

As of May 1, 2025

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