INTERNATIONAL PAPER CO IP
COM · Common Stock · CUSIP 460146103 · ISIN US4601461035
American pulp and paper company
- SectorMaterials
- IndustryPaper Mills
- HeadquartersMemphis, TN
- Founded1898
- Websiteinternationalpaper.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($23.1m this quarter). Holder counts are more reliable. Shares outstanding: 527.9m as of 2025-05-02, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $53.29. Options: 26 managers hold calls ($316.2m notional), 29 hold puts ($197.1m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 808 |
| Q4 2022 | 812 |
| Q1 2023 | 812 |
| Q2 2023 | 781 |
| Q3 2023 | 801 |
| Q4 2023 | 839 |
| Q1 2024 | 842 |
| Q2 2024 | 860 |
| Q3 2024 | 876 |
| Q4 2024 | 953 |
| Q1 2025 | 944 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 308 | 396 |
| Q3 2023 | 342 | 363 |
| Q4 2023 | 324 | 387 |
| Q1 2024 | 377 | 399 |
| Q2 2024 | 386 | 428 |
| Q3 2024 | 401 | 402 |
| Q4 2024 | 377 | 407 |
| Q1 2025 | 492 | 385 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $815.9m | $456.4m | 0.56 |
| Q3 2024 | $626.0m | $340.6m | 0.54 |
| Q4 2024 | $534.4m | $284.9m | 0.53 |
| Q1 2025 | $316.2m | $197.1m | 0.62 |
Biggest buyers
| Capital International Investors | New | +21.9m |
| VANGUARD GROUP INC | Added | +21.4m |
| Capital Research Global Investors | Added | +10.8m |
| BlackRock, Inc. | Added | +8.8m |
| STATE STREET CORP | Added | +7.1m |
| NORGES BANK | Added | +5.5m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +4.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +4.2m |
| Bank of New York Mellon Corp | Added | +2.8m |
| T. Rowe Price Investment Management, Inc. | Added | +2.8m |
Biggest sellers
| UBS Group AG | Reduced | -6.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -5.0m |
| MORGAN STANLEY | Reduced | -4.1m |
| Balyasny Asset Management L.P. | Reduced | -2.9m |
| JANE STREET GROUP, LLC | Reduced | -1.9m |
| MIZUHO MARKETS AMERICAS LLC | Sold out | -1.8m |
| Point72 Asset Management, L.P. | Reduced | -1.7m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -1.6m |
| HRT FINANCIAL LP | Sold out | -968.6k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -910.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $103.3m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $51.0m956.7k shares |
| BANK OF AMERICA CORP /DE/ | Added | $35.6m666.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $25.6m479.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $15.3m287.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $14.8m277.2k shares |
| GROUP ONE TRADING LLC | Added | $14.4m269.1k shares |
| IMC-Chicago, LLC | Added | $11.0m206.1k shares |
| D. E. Shaw & Co., Inc. | Reduced | $8.1m152.2k shares |
| Cubist Systematic Strategies, LLC | Reduced | $6.5m121.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $70.1m1.3m shares |
| CITADEL ADVISORS LLC | Added | $28.2m528.8k shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $14.6m2.7k shares |
| Parallax Volatility Advisers, L.P. | Added | $11.9m223.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $10.2m190.7k shares |
| Balyasny Asset Management L.P. | Unchanged | $9.6m180.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.1m152.7k shares |
| D. E. Shaw & Co., Inc. | Added | $6.1m115.2k shares |
| Squarepoint Ops LLC | Reduced | $6.1m114.0k shares |
| J. Goldman & Co LP | New | $5.1m96.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Capital Research Global Investors 13G · institution +4.7 pts · filed 2026-05-14 | 14.8% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution -3.3 pts · filed 2026-05-15 | 9.3% |
| BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-07-28 | 8.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| STATE STREET CORP 13G · institution new · filed 2025-05-13 | 5.4% |
Fell to 5% or below in the last year: Capital International Investors (3.8%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 1 | $104.8k | — |
| Q3 2023 | 0 | — | 1 | $89.3k | — |
| Q4 2023 | 0 | — | 1 | $153.5k | — |
| Q1 2024 | 0 | — | 2 | $264.4k | $62.9k |
| Q2 2024 | 0 | — | 1 | $170.4k | $170.4k |
| Q3 2024 | 0 | — | 4 | $960.2k | $169.3k |
| Q4 2024 | 0 | — | 1 | $129.7k | $129.7k |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 62.6m $3.3bn | Added +21.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.34% of their portfolio | 51.8m $2.8bn | Added +4.2m |
| BlackRock, Inc. 0.05% of their portfolio | 43.1m $2.3bn | Added +8.8m |
| Capital Research Global Investors 0.47% of their portfolio | 40.7m $2.2bn | Added +10.8m |
| STATE STREET CORP 0.06% of their portfolio | 28.5m $1.5bn | Added +7.1m |
| FMR LLC 0.09% of their portfolio | 26.1m $1.4bn | Reduced -439.2k |
| Capital International Investors 0.23% of their portfolio | 21.9m $1.2bn | New |
| Bank of New York Mellon Corp 0.18% of their portfolio | 17.1m $914.7m | Added +2.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 13.0m $693.8m | Added +4.7m |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 9.0m $481.2m | Added +1.5m |
| Invesco Ltd. 0.08% of their portfolio | 8.0m $428.9m | Added +85.7k |
| NORGES BANK 0.06% of their portfolio | 7.5m $400.4m | Added +5.5m |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 6.9m $368.3m | Added +2.7m |
| MORGAN STANLEY 0.02% of their portfolio | 6.3m $336.9m | Reduced -4.1m |
| NORTHERN TRUST CORP 0.04% of their portfolio | 5.0m $269.0m | Added +1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 5.0m $265.4m | Added +1.4m |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.21% of their portfolio | 5.0m $264.5m | Added +740.9k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 4.9m $259.3m | Added +2.1m |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 4.7m $251.6m | Added +103.6k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 4.5m $238.1m | Reduced -50.0k |
| T. Rowe Price Investment Management, Inc. 0.14% of their portfolio | 4.0m $211.5m | Added +2.8m |
| Alyeska Investment Group, L.P. 0.84% of their portfolio | 3.9m $210.2m | Reduced -8.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 3.6m $194.5m | Added +274.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.14% of their portfolio | 3.3m $178.0m | First filing |
| Atlas FRM LLC 18.30% of their portfolio | 3.2m $170.7m | Reduced -150.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 3.1m $168.0m | Added +1.0m |
| Legal & General Group Plc 0.05% of their portfolio | 3.1m $165.8m | Added +903.8k |
| Slate Path Capital LP 2.98% of their portfolio | 3.1m $165.1m | Added +1.2m |
| Artemis Investment Management LLP 2.18% of their portfolio | 2.7m $142.0m | Added +642.9k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 2.6m $139.6m | Added +485.1k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 2.6m $137.7m | Added +1.6m |
| BESSEMER GROUP INC 0.24% of their portfolio | 2.5m $135.9m | Added +2.5m |
| Capital World Investors 0.02% of their portfolio | 2.5m $135.0m | Added +21.6k |
| Nuveen, LLC 0.04% of their portfolio | 2.5m $132.9m | First filing |
| BARCLAYS PLC 0.06% of their portfolio | 2.5m $131.1m | Added +1.7m |
| UBS Group AG 0.03% of their portfolio | 2.3m $123.5m | Reduced -6.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.2m $118.6m | Reduced -227.0k |
| SAMLYN CAPITAL, LLC 1.93% of their portfolio | 2.2m $116.9m | Reduced -238.1k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.55% of their portfolio | 2.1m $113.0m | New |
| Amundi 0.03% of their portfolio | 1.9m $91.6m | Added +507.3k |
| Hill City Capital, LP 7.15% of their portfolio | 1.8m $96.0m | Added +250.0k |
| Pictet Asset Management Holding SA 0.09% of their portfolio | 1.6m $82.7m | Added +268.3k |
| Ceredex Value Advisors LLC 1.73% of their portfolio | 1.5m $79.3m | Reduced -23.1k |
| Freestone Grove Partners LP 0.78% of their portfolio | 1.4m $75.3m | Reduced -231.6k |
| Swiss National Bank 0.05% of their portfolio | 1.4m $75.0m | Added +473.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 1.3m $71.8m | Added +426.2k |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 1.2m $65.4m | Added +1.2m |
| M&G PLC 0.31% of their portfolio | 1.2m $64.5m | New |
| TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio | 1.2m $61.4m | Added +485.6k |
| Walleye Capital LLC 0.64% of their portfolio | 1.1m $57.9m | Added +302.9k |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 949.9k $51.0m | Added +71.7k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 944.2k $50.4m | Added +341.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 938.2k $50.1m | Added +374.1k |
| California Public Employees Retirement System 0.03% of their portfolio | 888.0k $47.4m | Added +281.3k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.92% of their portfolio | 870.4k $46.4m | Added +288.2k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 834.9k $44.5m | Reduced -10.1k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 816.2k $43.5m | Added +238.7k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 769.2k $41.0m | Reduced -4.0k |
| Point72 Asset Management, L.P. 0.11% of their portfolio | 758.1k $40.4m | Reduced -1.7m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 753.7k $40.2m | Reduced -530.8k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 746.8k $39.8m | Added +203.0k |
| LPL Financial LLC 0.02% of their portfolio | 736.4k $39.3m | Added +35.0k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 727.3k $38.8m | Added +176.2k |
| Schonfeld Strategic Advisors LLC 0.25% of their portfolio | 707.0k $37.7m | Added +363.7k |
| National Pension Service 0.04% of their portfolio | 705.1k $37.6m | Added +200.6k |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 686.9k $36.7m | Added +283.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 654.5k $34.9m | Added +47.1k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 642.4k $34.3m | Added +459.5k |
| ADAMS NATURAL RESOURCES FUND, INC. 2.67% of their portfolio | 636.2k $18.2m | Added +614.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 632.2k $33.7m | Added +223.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 594.0k $31.7m | Added +199.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 567.2k $30.3m | Reduced -59.3k |
| GW&K Investment Management, LLC 0.28% of their portfolio | 560.5k $29.9m | Added +96.9k |
| NATIXIS 0.18% of their portfolio | 556.1k $29.8m | New |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 553.4k $29.5m | Added +177.0k |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 546.4k $29.2m | Reduced -129.0k |
| CITIGROUP INC 0.02% of their portfolio | 496.6k $26.5m | Added +298.8k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 486.0k $25.9m | Added +87.1k |
| ALPS ADVISORS INC 0.15% of their portfolio | 469.9k $25.1m | Added +33.7k |
| AVIVA PLC 0.06% of their portfolio | 467.3k $24.9m | Added +73.1k |
| COMERICA BANK 0.10% of their portfolio | 462.5k $24.7m | Added +345.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 456.4k $24.3m | Added +78.3k |
| RIT CAPITAL PARTNERS PLC 4.48% of their portfolio | 434.0k $23.2m | New |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 433.4k $23.1m | Added +37.5k |
| Focus Partners Wealth 0.05% of their portfolio | 410.5k $21.9m | Reduced -413.4k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 406.7k $21.7m | Reduced -46.0k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 377.1k $20.1m | Added +286.2k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 373.2k $19.8m | Reduced -1.3k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 371.6k $19.8m | Added +75.0k |
| KINGDON CAPITAL MANAGEMENT, L.L.C. 4.09% of their portfolio | 370.0k $19.7m | Added +95.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 367.7k $19.6m | Added +187.0k |
| Gotham Asset Management, LLC 0.16% of their portfolio | 364.0k $19.4m | Added +45.3k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 360.7k $19.2m | Added +55.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 360.2k $19.2m | Added +131.6k |
| Curi Capital, LLC 0.45% of their portfolio | 345.4k $18.4m | Added +185.8k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 344.7k $18.4m | Reduced -94.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 334.9k $17.9m | Added +25.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 322.1k $17.2m | Added +78.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 322.1k $17.2m | Added +52.0k |
| Verition Fund Management LLC 0.10% of their portfolio | 317.8k $17.0m | Reduced -254.8k |