Capital Research Reports 53.5M Shares of International Paper, 10.1% Ownership

Rhea-AI Filing Summary

Capital Research Global Investors disclosed ownership of 53,545,437 shares of International Paper Co., representing 10.1% of the 527,982,095 shares believed outstanding. The filing shows CRGI has sole voting power over 53,533,134 shares and sole dispositive power over 53,545,437 shares, with no shared voting or dispositive power reported. CRGI is presented as an investment adviser division of Capital Research and Management Company and related investment management entities and identifies American Mutual Fund in the ownership context. The statement affirms the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control.

Positive

• Material institutional stake disclosed: CRGI reports ownership of 53,545,437 shares, representing 10.1% of outstanding common stock.
• Sole voting control reported: CRGI holds sole voting power over 53,533,134 shares, clarifying who directs voting for the position.
• Clear investment adviser classification: The filer identifies as an investment adviser division, making the reporting and governance responsibilities transparent.

Negative

• None.

Insights

Financial Analyst

TL;DR: CRGI's 10.1% stake is a material passive ownership that can attract investor attention but does not by itself change control.

CRGI holds a >10% stake, a level that institutional investors and market participants consider meaningful. The filing reports near-complete sole voting and dispositive authority over the disclosed shares, indicating centralized control of voting decisions for this stake within CRGI. Because the filing asserts ordinary-course investment intent and does not indicate coordination with others, this is a standard Section 13 reporting of a large institutional position rather than an activist move. Materiality arises from the size of the stake versus the issuer's float, which could influence proxy outcomes if either CRGI's voting intentions or concentration change.

Corporate Governance Expert

TL;DR: A single institutional holder reporting sole voting power over 10.1% raises governance relevance but shows no stated intent to seek control.

The filing documents CRGI as an investment adviser with sole voting and dispositive power over the majority of its disclosed position, a common structure where an adviser manages client assets. The explicit certification that holdings are not for control purposes reduces immediate governance risk signals. However, any future engagement, voting block choices, or changes to the stake could have outsized influence on board elections or material corporate actions given the stake size.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

International Paper Co.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

460146103

(CUSIP Number)

08/29/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 460146103

1

Names of Reporting Persons

Capital Research Global Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 53,533,134.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 53,545,437.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

53,545,437.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: International Paper Co.
(b)	Address of issuer's principal executive offices: 6400 POPLAR AVENUE, MEMPHIS, TN 38197
Item 2.
(a)	Name of person filing: Capital Research Global Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 460146103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 53,545,437 ** **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 53,545,437 shares or 10.1% of the 527,982,095 shares believed to be outstanding.
(b)	Percent of class: 10.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 53,533,134
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 53,545,437
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. American Mutual Fund
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	09/02/2025

FAQ

How many shares of International Paper (IP) does Capital Research Global Investors own?

Capital Research Global Investors reports beneficial ownership of 53,545,437 shares of International Paper (IP).

What percentage of IP does CRGI's stake represent?

CRGI's stake represents 10.1% of the 527,982,095 shares the filing states are believed to be outstanding.

Does CRGI have voting control over its reported IP shares?

Yes. The filing reports sole voting power over 53,533,134 shares and no shared voting power.

Is the stake held for the purpose of changing control of International Paper?

No. The filer certifies the securities are held in the ordinary course of business and were not acquired to change or influence control.

What entity filed the Schedule 13G on behalf of the investor?

The filing lists Capital Research Global Investors, a division of Capital Research and Management Company and related investment management entities.