Who owns Innovative Industrial Properties (IIPR)
Which tracked institutional funds hold IIPR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IIPR company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on IIPR is one-sided between 2026-Q1 and 2026-Q2: 99 added or opened and 27 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
IIPR’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IIPR divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 296 tracked filers holding IIPR, 183 increased or opened the position and 123 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in IIPR between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 14
- COMPASS FINANCIAL MANAGEMENT LLC$4M
- JANE STREET GROUP, LLC$2M
- CWA Asset Management Group, LLC$2M
- UHLMANN PRICE SECURITIES, LLC$1M
- Corient Private Wealth LP$1M
- Purpose Unlimited Inc.$1M
Full exits 21
- Thrivent Financial for Lutherans$8M
- Pacer Advisors, Inc.$7M
- LSV ASSET MANAGEMENT$5M
- CANADA LIFE ASSURANCE Co$3M
- BESSEMER GROUP INC$3M
- BALYASNY ASSET MANAGEMENT L.P.$3M
Largest adds
- BlackRock, Inc.$153M
- VANGUARD PORTFOLIO MANAGEMENT LLC$38M
- STATE STREET CORP$21M
- VANGUARD CAPITAL MANAGEMENT LLC$18M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$11M
- Invesco Ltd.$9M
Largest trims
- GOLDMAN SACHS GROUP INC$5M
- Point72 Asset Management, L.P.$2M
- Quantbot Technologies LP$881K
- VIRGINIA RETIREMENT SYSTEMS ET Al$779K
- Engineers Gate Manager LP$483K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$355K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 4,997,521 | $310M | 21.5% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 2,818,950 | $175M | 12.1% | 2026-Q2 |
| STATE STREET CORP added | 1,628,896 | $104M | 7.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 1,292,586 | $80M | 5.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 648,596 | $40M | 2.8% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 564,305 | $35M | 2.4% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 524,194 | $32M | 2.3% | 2026-Q2 |
| Invesco Ltd. added | 497,461 | $31M | 2.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 395,997 | $25M | 1.7% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 364,780 | $23M | 1.6% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 362,727 | $22M | 1.6% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 351,544 | $22M | 1.5% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 304,567 | $19M | 1.3% | 2026-Q2 |
| MORGAN STANLEY added | 262,195 | $16M | 1.1% | 2026-Q2 |
| AlphaCore Capital LLC added | 217,804 | $13M | 0.9% | 2026-Q2 |
| Bank of New York Mellon Corp added | 206,398 | $13M | 0.9% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 190,886 | $12M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 190,106 | $12M | 0.8% | 2026-Q2 |
| Legal & General Group Plc trimmed | 168,415 | $10M | 0.7% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 130,513 | $8M | 0.6% | 2026-Q2 |
| Public Sector Pension Investment Board added | 114,677 | $7M | 0.5% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 109,634 | $7M | 0.5% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 104,612 | $6M | 0.5% | 2026-Q2 |
| Nuveen, LLC added | 91,732 | $6M | 0.4% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 91,075 | $6M | 0.4% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 81,919 | $5M | 0.4% | 2026-Q2 |
| TrueWealth Advisors, LLC trimmed | 72,865 | $5M | 0.3% | 2026-Q2 |
| Edgestream Partners, L.P. added | 72,705 | $5M | 0.3% | 2026-Q2 |
| COMPASS FINANCIAL MANAGEMENT LLC new | 72,193 | $4M | 0.3% | 2026-Q2 |
| Quinn Opportunity Partners LLC | 66,500 | $4M | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 64,195 | $4M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 63,611 | $4M | 0.3% | 2026-Q2 |
| Advisors Asset Management, Inc. added | 60,269 | $4M | 0.3% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 59,222 | $4M | 0.3% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 56,987 | $4M | 0.2% | 2026-Q2 |
| VIRGINIA RETIREMENT SYSTEMS ET Al trimmed | 56,665 | $4M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 56,500 | $4M | 0.2% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. added | 56,346 | $3M | 0.2% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 55,831 | $3M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 54,868 | $3M | 0.2% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 51,007 | $3M | 0.2% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT CO LTD added | 46,940 | $3M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 45,761 | $3M | 0.2% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC trimmed | 43,215 | $3M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 42,337 | $3M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 41,272 | $3M | 0.2% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 41,058 | $3M | 0.2% | 2026-Q2 |
| Tidal Investments LLC trimmed | 41,047 | $3M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 40,431 | $3M | 0.2% | 2026-Q2 |
| Asset Management One Co., Ltd. trimmed | 39,359 | $2M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 39,196 | $2M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 38,026 | $2M | 0.2% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC trimmed | 36,214 | $2M | 0.2% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 35,250 | $2M | 0.2% | 2026-Q2 |
| Aberdeen Group plc added | 34,310 | $2M | 0.1% | 2026-Q2 |
| MACQUARIE GROUP LTD trimmed | 33,270 | $2M | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 32,667 | $2M | 0.1% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 32,665 | $2M | 0.1% | 2026-Q2 |
| MARTINGALE ASSET MANAGEMENT L P trimmed | 32,470 | $2M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 32,175 | $2M | 0.1% | 2026-Q2 |
| Summit Financial, LLC added | 31,210 | $2M | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP trimmed | 31,774 | $2M | 0.1% | 2026-Q2 |
| CWA Asset Management Group, LLC added | 30,658 | $2M | 0.1% | 2026-Q2 |
| NISA INVESTMENT ADVISORS, LLC trimmed | 28,935 | $2M | 0.1% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 29,702 | $2M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 36,444 | $2M | 0.1% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 29,017 | $2M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 28,397 | $2M | 0.1% | 2026-Q2 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS added | 27,816 | $2M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 27,040 | $2M | 0.1% | 2026-Q2 |
| Allianz Asset Management GmbH added | 26,671 | $2M | 0.1% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. | 26,631 | $2M | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 25,230 | $2M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 25,114 | $2M | 0.1% | 2026-Q2 |
| OMERS ADMINISTRATION Corp added | 25,100 | $2M | 0.1% | 2026-Q2 |
| North Star Investment Management Corp. added | 25,045 | $2M | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 24,827 | $2M | 0.1% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 24,803 | $2M | 0.1% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 23,972 | $1M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 23,348 | $1M | 0.1% | 2026-Q2 |
| VANGUARD GROUP INC added | 4,269,947 | $202M | 14.1% | 2025-Q4 stale (2 quarters behind) |
| Thrivent Financial for Lutherans added | 153,063 | $8M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Pacer Advisors, Inc. added | 130,218 | $7M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| LSV ASSET MANAGEMENT trimmed | 106,200 | $5M | 0.4% | 2026-Q1 stale (1 quarter behind) |
| NORGES BANK trimmed | 94,400 | $4M | 0.3% | 2025-Q4 stale (2 quarters behind) |
| LMR Partners LLP new | 72,766 | $4M | 0.3% | 2025-Q3 stale (3 quarters behind) |
| Koa Wealth Management, LLC added | 68,221 | $4M | 0.3% | 2025-Q2 stale (4 quarters behind) |
| CANADA LIFE ASSURANCE Co trimmed | 68,245 | $3M | 0.2% | 2026-Q1 stale (1 quarter behind) |
| AXA S.A. added | 58,368 | $3M | 0.2% | 2025-Q2 stale (4 quarters behind) |
| BESSEMER GROUP INC added | 63,658 | $3M | 0.2% | 2026-Q1 stale (1 quarter behind) |
| BALYASNY ASSET MANAGEMENT L.P. added | 59,605 | $3M | 0.2% | 2026-Q1 stale (1 quarter behind) |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 40,800 | $2M | 0.1% | 2026-Q1 stale (1 quarter behind) |
| WEDGE CAPITAL MANAGEMENT L L P/NC trimmed | 43,022 | $2M | 0.1% | 2025-Q4 stale (2 quarters behind) |
| CSM Advisors, LLC added | 40,294 | $2M | 0.1% | 2026-Q1 stale (1 quarter behind) |
| MILLENNIUM MANAGEMENT LLC trimmed | 40,041 | $2M | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Y-Intercept (Hong Kong) Ltd added | 41,873 | $2M | 0.1% | 2025-Q4 stale (2 quarters behind) |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 35,000 | $2M | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Cresset Asset Management, LLC added | 31,767 | $2M | 0.1% | 2026-Q1 stale (1 quarter behind) |
| SG Americas Securities, LLC added | 29,183 | $1M | 0.1% | 2026-Q1 stale (1 quarter behind) |
| State of Alaska, Department of Revenue trimmed | 28,972 | $1M | 0.1% | 2026-Q1 stale (1 quarter behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.