Acadian Asset Management LLC Decreases Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Acadian Asset Management LLC has recently announced that it has decreased its stake in UFP Industries, Inc. (NASDAQ:UFPFPI). The exact percentage of the stake that was reduced is not specified in the press release.

UFP Industries, Inc. is a leading manufacturer of engineered wood products and building materials, with operations throughout North America. The company's products include lumber, plywood, particleboard, and other engineered wood products.

Acadian Asset Management LLC is an investment management firm that specializes in providing investment services to institutional clients. The company has a long history of investing in the forest products industry, and UFP Industries, Inc. has been one of its portfolio holdings for several years.

It's worth noting that this decision by Acadian Asset Management LLC may reflect changes in the market conditions or the company's investment strategy. It's also possible that the reduction in stake was due to a variety of factors, including changes in the company's financial performance or other operational issues. However, without more information, it is difficult to determine the exact reason behind this decision.