U.S. Global Investors (USGI)’s International Paper IP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-7,500	Closed	-$348K	–	142
2025 Q3	$348K	Hold	7,500	–	–	0.04%	98
2025 Q2	$351K	Hold	7,500	–	–	0.04%	97
2025 Q1	$400K	Buy	+7,500	New	+$410K	0.05%	82
2021 Q1	–	Sell	-8,976	Closed	-$423K	–	163
2020 Q4	$423K	Buy	+8,976	New	+$401K	0.02%	95
2020 Q3	–	Sell	-6,864	Closed	-$229K	–	175
2020 Q2	$229K	Hold	6,864	–	–	0.02%	124
2020 Q1	$202K	Hold	6,864	–	–	0.05%	124
2019 Q4	$299K	Hold	6,864	–	–	0.14%	140
2019 Q3	$272K	Hold	6,864	–	–	0.15%	137
2019 Q2	$282K	Buy	+6,864	New	+$291K	0.15%	139
2016 Q2	–	Sell	-23,971	Closed	-$932K	–	173
2016 Q1	$932K	Buy	+23,971	New	+$835K	0.53%	60
2015 Q2	–	Sell	-5,069	Closed	-$266K	–	344
2015 Q1	$266K	Sell	5,069 -39,072	-89%	-$2.03M	0.13%	196
2014 Q4	$2.24M	Buy	+44,141	New	+$2.16M	1.05%	49
2014 Q1	–	Sell	-214,157	Closed	-$9.81M	–	346
2013 Q4	$9.81M	Buy	214,157 +58,893	+38%	+$2.52M	2.47%	8
2013 Q3	$6.5M	Buy	155,264 +37,478	+32%	+$1.67M	1.56%	32
2013 Q2	$4.87M	Buy	+117,786	New	+$5.09M	1.15%	46