INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

STATE OF WISCONSIN INVESTMENT BOARD's Holding History (CIK: 0000854157)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 306,295 Value ($000) $12,065 Avg Close $40.85 Range $35.35 - $49.08

Q3 2025

Shares 366,021 Value ($000) $16,983 Avg Close $48.00 Range $43.94 - $54.91

Q2 2025

Shares 304,827 Value ($000) $14,275 Avg Close $45.98 Range $41.92 - $53.17

Q1 2025

Shares 367,673 Value ($000) $19,615 Avg Close $52.74 Range $47.11 - $57.79

Q4 2024

Shares 180,686 Value ($000) $9,725 Avg Close $51.32 Range $43.58 - $57.99

Q3 2024

Shares 225,829 Value ($000) $11,032 Avg Close $44.19 Range $39.87 - $48.30

Q2 2024

Shares 248,240 Value ($000) $10,712 Avg Close $38.08 Range $30.94 - $44.72

Q1 2024

Shares 250,291 Value ($000) $9,766 Avg Close $33.61 Range $30.12 - $38.52

Q4 2023

Shares 225,849 Value ($000) $8,164 Avg Close $31.96 Range $29.24 - $35.19

Q3 2023

Shares 191,230 Value ($000) $6,783 Avg Close $30.68 Range $27.58 - $33.33

Q2 2023

Shares 216,339 Value ($000) $6,882 Avg Close $29.09 Range $25.99 - $32.69

Q1 2023

Shares 210,815 Value ($000) $7,602 Avg Close $32.51 Range $29.50 - $36.54

Q4 2022

Shares 193,221 Value ($000) $6,691 Avg Close $29.99 Range $26.43 - $33.18

Q3 2022

Shares 241,689 Value ($000) $7,662 Avg Close $35.03 Range $26.81 - $38.92

Q2 2022

Shares 156,414 Value ($000) $6,543 Avg Close $39.31 Range $34.45 - $42.39

Q1 2022

Shares 170,897 Value ($000) $7,887 Avg Close $38.65 Range $34.14 - $41.56

Q4 2021

Shares 292,873 Value ($000) $13,759 Avg Close $41.02 Range $36.66 - $46.83

Q3 2021

Shares 181,056 Value ($000) $10,125 Avg Close $45.90 Range $42.96 - $48.74

Q2 2021

Shares 169,221 Value ($000) $10,375 Avg Close $46.63 Range $41.12 - $50.73

Q1 2021

Shares 175,765 Value ($000) $9,504 Avg Close $39.42 Range $35.46 - $43.93

Q4 2020

Shares 241,835 Value ($000) $12,024 Avg Close $35.85 Range $29.54 - $39.67

Q3 2020

Shares 273,585 Value ($000) $11,091 Avg Close $27.96 Range $24.51 - $32.53

Q2 2020

Shares 198,245 Value ($000) $6,980 Avg Close $24.80 Range $21.36 - $29.94

Q1 2020

Shares 356,204 Value ($000) $11,089 Avg Close $28.50 Range $19.32 - $33.68

Q4 2019

Shares 449,261 Value ($000) $20,688 Avg Close $31.89 Range $27.43 - $34.47

Q3 2019

Shares 282,896 Value ($000) $11,831 Avg Close $29.34 Range $26.08 - $32.62

Q2 2019

Shares 290,033 Value ($000) $12,564 Avg Close $31.37 Range $28.88 - $33.50

Q1 2019

Shares 286,679 Value ($000) $13,265 Avg Close $31.79 Range $27.31 - $33.69

Q4 2018

Shares 339,226 Value ($000) $13,691 Avg Close $30.46 Range $25.95 - $34.65

Q3 2018

Shares 451,956 Value ($000) $22,214 Avg Close $35.63 Range $33.53 - $37.56

Q2 2018

Shares 387,418 Value ($000) $20,177 Avg Close $36.35 Range $33.57 - $40.34

Q1 2018

Shares 579,313 Value ($000) $30,953 Avg Close $39.21 Range $33.60 - $44.58

Q4 2017

Shares 389,058 Value ($000) $22,542 Avg Close $37.59 Range $35.37 - $38.93

Q3 2017

Shares 379,006 Value ($000) $21,535 Avg Close $36.51 Range $33.86 - $38.57

Q2 2017

Shares 368,412 Value ($000) $20,856 Avg Close $34.75 Range $32.17 - $37.45

Q1 2017

Shares 286,032 Value ($000) $14,525 Avg Close $34.17 Range $32.18 - $37.84

Q4 2016

Shares 248,673 Value ($000) $13,195 Avg Close $31.25 Range $27.71 - $35.15

Q3 2016

Shares 315,177 Value ($000) $15,122 Avg Close $29.51 Range $25.89 - $31.75

Q2 2016

Shares 385,777 Value ($000) $16,349 Avg Close $26.29 Range $24.54 - $27.85

Q1 2016

Shares 423,147 Value ($000) $17,366 Avg Close $22.81 Range $20.01 - $26.25

Q4 2015

Shares 592,647 Value ($000) $22,343 Avg Close $24.89 Range $22.64 - $27.32

Q3 2015

Shares 595,457 Value ($000) $22,502 Avg Close $27.15 Range $22.61 - $29.90

Q2 2015

Shares 536,547 Value ($000) $25,534 Avg Close $31.50 Range $28.63 - $33.87

Q1 2015

Shares 328,927 Value ($000) $18,252 Avg Close $32.75 Range $30.57 - $34.72

Q4 2014

Shares 337,937 Value ($000) $18,107 Avg Close $30.67 Range $26.30 - $33.18

Q3 2014

Shares 318,647 Value ($000) $15,212 Avg Close $28.63 Range $27.61 - $30.49

Q2 2014

Shares 572,128 Value ($000) $28,875 Avg Close $27.05 Range $25.40 - $29.30

Q1 2014

Shares 581,598 Value ($000) $26,684 Avg Close $27.24 Range $25.46 - $28.54

Q4 2013

Shares 461,537 Value ($000) $22,629 Avg Close $26.03 Range $24.27 - $28.23

Q3 2013

Shares 586,097 Value ($000) $26,257 Avg Close $26.87 Range $24.85 - $28.29

Q2 2013

Shares 599,447 Value ($000) $26,561 Avg Close $25.91 Range $23.81 - $27.42

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	306,295	$12,065	$40.85	$35.35 - $49.08
Q3 2025	366,021	$16,983	$48.00	$43.94 - $54.91
Q2 2025	304,827	$14,275	$45.98	$41.92 - $53.17
Q1 2025	367,673	$19,615	$52.74	$47.11 - $57.79
Q4 2024	180,686	$9,725	$51.32	$43.58 - $57.99
Q3 2024	225,829	$11,032	$44.19	$39.87 - $48.30
Q2 2024	248,240	$10,712	$38.08	$30.94 - $44.72
Q1 2024	250,291	$9,766	$33.61	$30.12 - $38.52
Q4 2023	225,849	$8,164	$31.96	$29.24 - $35.19
Q3 2023	191,230	$6,783	$30.68	$27.58 - $33.33
Q2 2023	216,339	$6,882	$29.09	$25.99 - $32.69
Q1 2023	210,815	$7,602	$32.51	$29.50 - $36.54
Q4 2022	193,221	$6,691	$29.99	$26.43 - $33.18
Q3 2022	241,689	$7,662	$35.03	$26.81 - $38.92
Q2 2022	156,414	$6,543	$39.31	$34.45 - $42.39
Q1 2022	170,897	$7,887	$38.65	$34.14 - $41.56
Q4 2021	292,873	$13,759	$41.02	$36.66 - $46.83
Q3 2021	181,056	$10,125	$45.90	$42.96 - $48.74
Q2 2021	169,221	$10,375	$46.63	$41.12 - $50.73
Q1 2021	175,765	$9,504	$39.42	$35.46 - $43.93
Q4 2020	241,835	$12,024	$35.85	$29.54 - $39.67
Q3 2020	273,585	$11,091	$27.96	$24.51 - $32.53
Q2 2020	198,245	$6,980	$24.80	$21.36 - $29.94
Q1 2020	356,204	$11,089	$28.50	$19.32 - $33.68
Q4 2019	449,261	$20,688	$31.89	$27.43 - $34.47
Q3 2019	282,896	$11,831	$29.34	$26.08 - $32.62
Q2 2019	290,033	$12,564	$31.37	$28.88 - $33.50
Q1 2019	286,679	$13,265	$31.79	$27.31 - $33.69
Q4 2018	339,226	$13,691	$30.46	$25.95 - $34.65
Q3 2018	451,956	$22,214	$35.63	$33.53 - $37.56
Q2 2018	387,418	$20,177	$36.35	$33.57 - $40.34
Q1 2018	579,313	$30,953	$39.21	$33.60 - $44.58
Q4 2017	389,058	$22,542	$37.59	$35.37 - $38.93
Q3 2017	379,006	$21,535	$36.51	$33.86 - $38.57
Q2 2017	368,412	$20,856	$34.75	$32.17 - $37.45
Q1 2017	286,032	$14,525	$34.17	$32.18 - $37.84
Q4 2016	248,673	$13,195	$31.25	$27.71 - $35.15
Q3 2016	315,177	$15,122	$29.51	$25.89 - $31.75
Q2 2016	385,777	$16,349	$26.29	$24.54 - $27.85
Q1 2016	423,147	$17,366	$22.81	$20.01 - $26.25
Q4 2015	592,647	$22,343	$24.89	$22.64 - $27.32
Q3 2015	595,457	$22,502	$27.15	$22.61 - $29.90
Q2 2015	536,547	$25,534	$31.50	$28.63 - $33.87
Q1 2015	328,927	$18,252	$32.75	$30.57 - $34.72
Q4 2014	337,937	$18,107	$30.67	$26.30 - $33.18
Q3 2014	318,647	$15,212	$28.63	$27.61 - $30.49
Q2 2014	572,128	$28,875	$27.05	$25.40 - $29.30
Q1 2014	581,598	$26,684	$27.24	$25.46 - $28.54
Q4 2013	461,537	$22,629	$26.03	$24.27 - $28.23
Q3 2013	586,097	$26,257	$26.87	$24.85 - $28.29
Q2 2013	599,447	$26,561	$25.91	$23.81 - $27.42