Close Asset Management Reduces Stake in International Paper

Institutional investor cuts holdings in basic materials company by nearly 75%

Feb. 27, 2026 at 9:33am

Got story updates? Submit your updates here. ›

Close Asset Management Ltd. reduced its stake in International Paper Company (NYSE:IP) by 74.9% in the third quarter, according to a recent SEC filing. The institutional investor now owns 41,770 shares of the basic materials company's stock, valued at $1.94 million.

Why it matters

This reduction in holdings by Close Asset Management reflects broader shifts in the investment landscape, as institutional investors adjust their portfolios in response to market conditions and company performance. International Paper's stock price has fluctuated in recent quarters, leading some investors to reevaluate their positions.

The details

According to the 13F filing, Close Asset Management sold 124,948 shares of International Paper stock during the third quarter. The firm now holds 41,770 shares, down from 166,718 shares at the end of the previous quarter. International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging.

  • Close Asset Management filed its 13F report for the third quarter of 2026.

The players

Close Asset Management Ltd

An institutional investor that manages assets on behalf of clients.

International Paper Company

A global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging.

Got photos? Submit your photos here. ›

The takeaway

This reduction in holdings by Close Asset Management reflects the ongoing shifts in the investment landscape, as institutional investors reevaluate their positions in response to market conditions and company performance. The changes in International Paper's shareholder base could signal broader trends in the basic materials sector.