INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 137,693 Value ($000) $5,424 Avg Close $40.85 Range $35.35 - $49.08

Q3 2025

Shares 148,645 Value ($000) $6,897 Avg Close $48.00 Range $43.94 - $54.91

Q2 2025

Shares 146,574 Value ($000) $6,864 Avg Close $45.98 Range $41.92 - $53.17

Q1 2025

Shares 144,174 Value ($000) $7,692 Avg Close $52.74 Range $47.11 - $57.79

Q4 2024

Shares 95,851 Value ($000) $5,159 Avg Close $51.32 Range $43.58 - $57.99

Q3 2024

Shares 94,535 Value ($000) $4,618 Avg Close $44.19 Range $39.87 - $48.30

Q2 2024

Shares 90,386 Value ($000) $3,900 Avg Close $38.08 Range $30.94 - $44.72

Q1 2024

Shares 90,413 Value ($000) $3,528 Avg Close $33.61 Range $30.12 - $38.52

Q4 2023

Shares 90,340 Value ($000) $3,266 Avg Close $31.96 Range $29.24 - $35.19

Q3 2023

Shares 89,950 Value ($000) $3,191 Avg Close $30.68 Range $27.58 - $33.33

Q2 2023

Shares 90,578 Value ($000) $2,881 Avg Close $29.09 Range $25.99 - $32.69

Q1 2023

Shares 98,233 Value ($000) $3,542 Avg Close $32.51 Range $29.50 - $36.54

Q4 2022

Shares 97,349 Value ($000) $3,371 Avg Close $29.99 Range $26.43 - $33.18

Q3 2022

Shares 96,675 Value ($000) $3,065 Avg Close $35.03 Range $26.81 - $38.92

Q2 2022

Shares 99,789 Value ($000) $4,174 Avg Close $39.31 Range $34.45 - $42.39

Q1 2022

Shares 102,408 Value ($000) $4,726 Avg Close $38.65 Range $34.14 - $41.56

Q4 2021

Shares 101,090 Value ($000) $4,749 Avg Close $41.02 Range $36.66 - $46.83

Q3 2021

Shares 103,779 Value ($000) $5,803 Avg Close $45.90 Range $42.96 - $48.74

Q2 2021

Shares 104,635 Value ($000) $6,415 Avg Close $46.63 Range $41.12 - $50.73

Q1 2021

Shares 105,237 Value ($000) $5,690 Avg Close $39.42 Range $35.46 - $43.93

Q4 2020

Shares 121,893 Value ($000) $6,061 Avg Close $35.85 Range $29.54 - $39.67

Q3 2020

Shares 113,555 Value ($000) $4,604 Avg Close $27.96 Range $24.51 - $32.53

Q2 2020

Shares 87,507 Value ($000) $3,081 Avg Close $24.80 Range $21.36 - $29.94

Q1 2020

Shares 131,781 Value ($000) $4,102 Avg Close $28.50 Range $19.32 - $33.68

Q4 2019

Shares 124,208 Value ($000) $5,720 Avg Close $31.89 Range $27.43 - $34.47

Q3 2019

Shares 123,942 Value ($000) $5,183 Avg Close $29.34 Range $26.08 - $32.62

Q2 2019

Shares 123,835 Value ($000) $5,365 Avg Close $31.37 Range $28.88 - $33.50

Q1 2019

Shares 76,852 Value ($000) $3,556 Avg Close $31.79 Range $27.31 - $33.69

Q4 2018

Shares 83,219 Value ($000) $3,359 Avg Close $30.46 Range $25.95 - $34.65

Q3 2018

Shares 101,342 Value ($000) $4,981 Avg Close $35.63 Range $33.53 - $37.56

Q2 2018

Shares 101,693 Value ($000) $5,296 Avg Close $36.35 Range $33.57 - $40.34

Q1 2018

Shares 120,631 Value ($000) $6,445 Avg Close $39.21 Range $33.60 - $44.58

Q4 2017

Shares 130,731 Value ($000) $7,575 Avg Close $37.59 Range $35.37 - $38.93

Q3 2017

Shares 123,645 Value ($000) $7,026 Avg Close $36.51 Range $33.86 - $38.57

Q2 2017

Shares 132,950 Value ($000) $7,526 Avg Close $34.75 Range $32.17 - $37.45

Q1 2017

Shares 134,350 Value ($000) $6,822 Avg Close $34.17 Range $32.18 - $37.84

Q4 2016

Shares 134,150 Value ($000) $7,118 Avg Close $31.25 Range $27.71 - $35.15

Q3 2016

Shares 131,550 Value ($000) $6,312 Avg Close $29.51 Range $25.89 - $31.75

Q2 2016

Shares 141,350 Value ($000) $5,990 Avg Close $26.29 Range $24.54 - $27.85

Q1 2016

Shares 152,550 Value ($000) $6,261 Avg Close $22.81 Range $20.01 - $26.25

Q4 2015

Shares 154,450 Value ($000) $5,823 Avg Close $24.89 Range $22.64 - $27.32

Q3 2015

Shares 162,550 Value ($000) $6,143 Avg Close $27.15 Range $22.61 - $29.90

Q4 2014

Shares 174,197 Value ($000) $9,333 Avg Close $30.67 Range $26.30 - $33.18

Q3 2014

Shares 173,597 Value ($000) $8,287 Avg Close $28.63 Range $27.61 - $30.49

Q2 2014

Shares 178,397 Value ($000) $9,003 Avg Close $27.05 Range $25.40 - $29.30

Q1 2014

Shares 123,697 Value ($000) $5,675 Avg Close $27.24 Range $25.46 - $28.54

Q4 2013

Shares 126,797 Value ($000) $6,216 Avg Close $26.03 Range $24.27 - $28.23

Q3 2013

Shares 130,997 Value ($000) $5,868 Avg Close $26.87 Range $24.85 - $28.29

Q2 2013

Shares 130,797 Value ($000) $5,795 Avg Close $25.91 Range $23.81 - $27.42

Q1 2013

Shares 134,497 Value ($000) $6,264 Avg Close $23.95 Range $21.92 - $26.39

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	137,693	$5,424	$40.85	$35.35 - $49.08
Q3 2025	148,645	$6,897	$48.00	$43.94 - $54.91
Q2 2025	146,574	$6,864	$45.98	$41.92 - $53.17
Q1 2025	144,174	$7,692	$52.74	$47.11 - $57.79
Q4 2024	95,851	$5,159	$51.32	$43.58 - $57.99
Q3 2024	94,535	$4,618	$44.19	$39.87 - $48.30
Q2 2024	90,386	$3,900	$38.08	$30.94 - $44.72
Q1 2024	90,413	$3,528	$33.61	$30.12 - $38.52
Q4 2023	90,340	$3,266	$31.96	$29.24 - $35.19
Q3 2023	89,950	$3,191	$30.68	$27.58 - $33.33
Q2 2023	90,578	$2,881	$29.09	$25.99 - $32.69
Q1 2023	98,233	$3,542	$32.51	$29.50 - $36.54
Q4 2022	97,349	$3,371	$29.99	$26.43 - $33.18
Q3 2022	96,675	$3,065	$35.03	$26.81 - $38.92
Q2 2022	99,789	$4,174	$39.31	$34.45 - $42.39
Q1 2022	102,408	$4,726	$38.65	$34.14 - $41.56
Q4 2021	101,090	$4,749	$41.02	$36.66 - $46.83
Q3 2021	103,779	$5,803	$45.90	$42.96 - $48.74
Q2 2021	104,635	$6,415	$46.63	$41.12 - $50.73
Q1 2021	105,237	$5,690	$39.42	$35.46 - $43.93
Q4 2020	121,893	$6,061	$35.85	$29.54 - $39.67
Q3 2020	113,555	$4,604	$27.96	$24.51 - $32.53
Q2 2020	87,507	$3,081	$24.80	$21.36 - $29.94
Q1 2020	131,781	$4,102	$28.50	$19.32 - $33.68
Q4 2019	124,208	$5,720	$31.89	$27.43 - $34.47
Q3 2019	123,942	$5,183	$29.34	$26.08 - $32.62
Q2 2019	123,835	$5,365	$31.37	$28.88 - $33.50
Q1 2019	76,852	$3,556	$31.79	$27.31 - $33.69
Q4 2018	83,219	$3,359	$30.46	$25.95 - $34.65
Q3 2018	101,342	$4,981	$35.63	$33.53 - $37.56
Q2 2018	101,693	$5,296	$36.35	$33.57 - $40.34
Q1 2018	120,631	$6,445	$39.21	$33.60 - $44.58
Q4 2017	130,731	$7,575	$37.59	$35.37 - $38.93
Q3 2017	123,645	$7,026	$36.51	$33.86 - $38.57
Q2 2017	132,950	$7,526	$34.75	$32.17 - $37.45
Q1 2017	134,350	$6,822	$34.17	$32.18 - $37.84
Q4 2016	134,150	$7,118	$31.25	$27.71 - $35.15
Q3 2016	131,550	$6,312	$29.51	$25.89 - $31.75
Q2 2016	141,350	$5,990	$26.29	$24.54 - $27.85
Q1 2016	152,550	$6,261	$22.81	$20.01 - $26.25
Q4 2015	154,450	$5,823	$24.89	$22.64 - $27.32
Q3 2015	162,550	$6,143	$27.15	$22.61 - $29.90
Q4 2014	174,197	$9,333	$30.67	$26.30 - $33.18
Q3 2014	173,597	$8,287	$28.63	$27.61 - $30.49
Q2 2014	178,397	$9,003	$27.05	$25.40 - $29.30
Q1 2014	123,697	$5,675	$27.24	$25.46 - $28.54
Q4 2013	126,797	$6,216	$26.03	$24.27 - $28.23
Q3 2013	130,997	$5,868	$26.87	$24.85 - $28.29
Q2 2013	130,797	$5,795	$25.91	$23.81 - $27.42
Q1 2013	134,497	$6,264	$23.95	$21.92 - $26.39