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 ($33.2m this quarter). Holder counts are more reliable. Shares outstanding: 529.6m as of 2026-07-31, 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 ≈ $38.10. Options: 22 managers hold calls ($98.8m notional), 23 hold puts ($159.2m).
Trends to Q2 2026
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 |
| Q2 2025 | 899 |
| Q3 2025 | 873 |
| Q4 2025 | 855 |
| Q1 2026 | 839 |
| Q2 2026 | 854 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 401 | 402 |
| Q4 2024 | 377 | 407 |
| Q1 2025 | 492 | 385 |
| Q2 2025 | 425 | 423 |
| Q3 2025 | 348 | 422 |
| Q4 2025 | 332 | 467 |
| Q1 2026 | 401 | 389 |
| Q2 2026 | 444 | 379 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $201.7m | $115.0m | 0.57 |
| Q4 2025 | $140.4m | $116.3m | 0.83 |
| Q1 2026 | $88.7m | $109.3m | 1.23 |
| Q2 2026 | $98.8m | $159.2m | 1.61 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +7.6m |
| Invesco Ltd. | Added | +5.1m |
| BlackRock, Inc. | Added | +4.7m |
| Bank of New York Mellon Corp | Added | +4.5m |
| GOLDMAN SACHS GROUP INC | Added | +4.3m |
| MARSHALL WACE, LLP | Added | +2.7m |
| Atlas FRM LLC | Added | +2.2m |
| STATE STREET CORP | Added | +2.2m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.9m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.9m |
Biggest sellers
| Capital International Investors | Reduced | -17.1m |
| FRANKLIN RESOURCES INC | Reduced | -5.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.7m |
| JPMORGAN CHASE & CO | Reduced | -3.1m |
| T. Rowe Price Investment Management, Inc. | Reduced | -2.1m |
| JANE STREET GROUP, LLC | Reduced | -1.3m |
| SAMLYN CAPITAL, LLC | Reduced | -1.2m |
| Nuveen, LLC | Reduced | -815.2k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -652.5k |
| GW&K Investment Management, LLC | Reduced | -629.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $20.4m534.5k shares |
| MASTERS CAPITAL MANAGEMENT LLC | Unchanged | $19.1m500.0k shares |
| CITADEL ADVISORS LLC | Reduced | $15.2m400.2k shares |
| IMC-Chicago, LLC | Added | $10.4m272.4k shares |
| Point72 Asset Management, L.P. | Reduced | $5.2m137.1k shares |
| JANE STREET GROUP, LLC | Reduced | $4.9m127.9k shares |
| Squarepoint Ops LLC | Added | $3.7m98.3k shares |
| WELLS FARGO & COMPANY/MN | New | $3.7m98.0k shares |
| Walleye Capital LLC | Reduced | $2.8m72.6k shares |
| D. E. Shaw & Co., Inc. | Reduced | $2.6m69.0k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $44.4m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $33.8m887.5k shares |
| CITADEL ADVISORS LLC | Reduced | $30.9m811.0k shares |
| IMC-Chicago, LLC | Added | $12.8m337.1k shares |
| D. E. Shaw & Co., Inc. | Added | $5.6m147.7k shares |
| GROUP ONE TRADING LLC | Added | $3.9m101.8k shares |
| Walleye Trading LLC | Reduced | $3.5m91.9k shares |
| Walleye Capital LLC | Reduced | $3.5m91.4k shares |
| Point72 Asset Management, L.P. | Added | $3.5m90.6k shares |
| Squarepoint Ops LLC | Added | $3.3m87.7k 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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $129.7k | $129.7k |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $336.4k | — |
| Q3 2025 | 0 | — | 1 | $409.9k | — |
| Q4 2025 | 0 | — | 1 | $693.5k | — |
| Q1 2026 | 3 | $4.0m | 0 | — | — |
| Q2 2026 | 1 | $313.0k | 0 | — | — |
| Q3 2026 | 0 | — | 2 | $1.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-07 | Hamic William Thomas Exec. VP & President | Sold | $1.0m24.5k shares |
| 2026-08-04 | Goughnour Holly G. VP & Chief Accounting Officer | Sold | $146.9k3.5k shares |
| 2026-05-01 | Tozier Scott Director | Bought | $313.0k10.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Capital Research Global Investors 0.42% of their portfolio | 78.5m $3.0bn | Reduced -26.3k |
| BlackRock, Inc. 0.03% of their portfolio | 50.9m $1.9bn | Added +4.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.17% of their portfolio | 45.5m $1.7bn | Reduced -3.7m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 34.6m $1.3bn | Added +228.0k |
| STATE STREET CORP 0.04% of their portfolio | 33.0m $1.3bn | Added +2.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.04% of their portfolio | 24.9m $948.6m | Reduced -101.4k |
| Capital International Investors 0.15% of their portfolio | 19.6m $745.3m | Reduced -17.1m |
| Bank of New York Mellon Corp 0.11% of their portfolio | 18.1m $689.5m | Added +4.5m |
| Invesco Ltd. 0.05% of their portfolio | 17.5m $668.5m | Added +5.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 14.6m $553.2m | Added +716.3k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 11.4m $433.0m | Added +4.3m |
| Atlas FRM LLC 16.06% of their portfolio | 9.8m $374.9m | Added +2.2m |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 8.9m $334.7m | Added +7.6m |
| MORGAN STANLEY 0.01% of their portfolio | 6.9m $261.6m | Reduced -32.9k |
| NORGES BANK 0.02% of their portfolio | 6.1m $233.0m | Not comparable |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 5.6m $212.0m | Reduced -5.8m |
| BESSEMER GROUP INC 0.27% of their portfolio | 5.2m $196.2m | Added +1.8m |
| Hill City Capital, LP 4.54% of their portfolio | 5.1m $194.3m | Added +900.0k |
| Slate Path Capital LP 2.56% of their portfolio | 4.9m $185.2m | Added +1.5m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 4.6m $173.7m | Reduced -26.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 4.1m $156.3m | Added +161.3k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 3.9m $150.4m | Reduced -255.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.7m $142.8m | Added +519.0k |
| Nykredit A/S 0.44% of their portfolio | 3.7m $139.9m | First filing |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 3.6m $140.4m | Added +324.9k |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 3.5m $135.2m | Added +1.9m |
| MARSHALL WACE, LLP 0.11% of their portfolio | 3.4m $130.8m | Added +2.7m |
| UBS Group AG 0.02% of their portfolio | 3.1m $116.7m | Added +430.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 3.0m $114.4m | Added +69.5k |
| BARCLAYS PLC 0.04% of their portfolio | 3.0m $114.2m | Added +1.0m |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 3.0m $113.3m | Added +733 |
| M&G PLC 0.48% of their portfolio | 2.6m $96.5m | Reduced -554 |
| Clearbridge Investments, LLC 0.08% of their portfolio | 2.4m $91.4m | Added +445.4k |
| Legal & General Group Plc 0.02% of their portfolio | 2.2m $84.5m | Reduced -466.8k |
| Amundi 0.02% of their portfolio | 2.2m $82.7m | Added +146.1k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 2.0m $77.6m | Added +236.6k |
| CITIGROUP INC 0.04% of their portfolio | 2.0m $77.3m | Added +413.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 2.0m $75.0m | Added +1.9m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.7m $63.3m | Reduced -145.0k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.6m $61.4m | Added +101.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.6m $59.3m | Reduced -3.1m |
| SG Americas Securities, LLC 0.03% of their portfolio | 1.5m $56.0m | Added +432.0k |
| Swiss National Bank 0.03% of their portfolio | 1.4m $54.1m | Reduced -53.4k |
| Nuveen, LLC 0.01% of their portfolio | 1.4m $53.8m | Reduced -815.2k |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 1.3m $51.4m | Added +571.2k |
| SAMLYN CAPITAL, LLC 0.82% of their portfolio | 1.3m $49.8m | Reduced -1.2m |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 1.3m $49.4m | Reduced -20.2k |
| Thrivent Financial for Lutherans 0.08% of their portfolio | 1.3m $48.8m | Added +23.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 1.3m $48.5m | Added +112.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.2m $46.9m | Added +338.7k |
| Ceredex Value Advisors LLC 1.29% of their portfolio | 1.2m $45.9m | Added +569.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 1.2m $44.8m | Added +133.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 1.2m $44.5m | Added +389.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 1.2m $44.1m | Added +64.0k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 1.2m $44.0m | Reduced -11.8k |
| FMR LLC 0.00% of their portfolio | 1.1m $41.9m | Added +320.4k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.0m $39.6m | Added +207.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio | 1.0m $39.4m | Added +999.9k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 984.1k $37.5m | Added +21.4k |
| LPL Financial LLC 0.01% of their portfolio | 955.7k $36.4m | Added +22.1k |
| Freestone Grove Partners LP 0.24% of their portfolio | 941.1k $35.9m | Reduced -270.6k |
| Engineers Gate Manager LP 0.44% of their portfolio | 886.9k $33.8m | Added +790.1k |
| California Public Employees Retirement System 0.02% of their portfolio | 878.5k $33.5m | Added +45.1k |
| Focus Partners Wealth 0.03% of their portfolio | 791.0k $30.1m | Added +74.1k |
| ALPS ADVISORS INC 0.14% of their portfolio | 774.3k $29.5m | Added +67.1k |
| Curi Capital, LLC 0.45% of their portfolio | 756.1k $28.8m | Added +49.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 717.8k $27.3m | Reduced -102.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 709.6k $27.0m | Reduced -1.9k |
| Gotham Asset Management, LLC 0.06% of their portfolio | 706.4k $26.9m | Added +600.9k |
| Front Street Capital Management, Inc. 3.01% of their portfolio | 695.2k $26.5m | Added +134.2k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 647.7k $24.7m | Added +152.4k |
| Man Group plc 0.05% of their portfolio | 646.7k $24.6m | Added +592.9k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 628.8k $24.0m | Added +136.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 602.9k $23.0m | Reduced -184.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 600.9k $22.6m | Added +150.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 593.3k $22.6m | Reduced -5.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 583.8k $22.2m | Reduced -2.0k |
| ALGERT GLOBAL LLC 0.25% of their portfolio | 551.0k $21.0m | New |
| Cinctive Capital Management LP 0.82% of their portfolio | 538.7k $20.5m | New |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 513.5k $18.3m | Added +4.2k |
| DNB Asset Management AS 0.05% of their portfolio | 511.0k $19.5m | Added +250.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 471.9k $18.0m | Added +151.2k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 469.1k $17.8m | Reduced -88.0k |
| AVIVA PLC 0.03% of their portfolio | 465.8k $17.7m | Added +33.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 443.5k $16.9m | Reduced -7.4k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 442.7k $16.9m | Reduced -53.3k |
| Swiss Life Asset Management Ltd 0.07% of their portfolio | 438.5k $16.7m | Reduced -584 |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 437.9k $16.7m | Added +129.1k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 398.2k $15.2m | Reduced -2.1m |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 397.1k $15.1m | Added +8.9k |
| Quantinno Capital Management LP 0.02% of their portfolio | 391.1k $14.9m | Reduced -359.9k |
| Banco Santander, S.A. 0.09% of their portfolio | 369.0k $14.1m | New |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.02% of their portfolio | 353.8k $13.5m | Reduced -22.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 350.9k $13.4m | Added +225.6k |
| Capital International, Inc./CA/ 0.09% of their portfolio | 342.0k $13.0m | Reduced -266.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 328.4k $12.5m | Reduced -91.7k |
| Creative Planning 0.01% of their portfolio | 315.1k $12.0m | Added +185.6k |
| Mariner, LLC 0.01% of their portfolio | 311.2k $11.9m | Added +276.1k |
| Eurizon Capital SGR S.p.A. 0.03% of their portfolio | 309.7k $11.8m | Added +105.2k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 297.7k $11.3m | Reduced -163.6k |