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-Q1 13F filings (latest filed 2026-05-18). 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: 8 added or opened and 110 trimmed or exited — on balance reducing.
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 2025-Q4 and 2026-Q1, across 301 tracked filers holding IIPR, 147 increased or opened the position and 127 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 1
- MARSHALL WACE, LLP$875K
Full exits 109
- VANGUARD PORTFOLIO MANAGEMENT LLC$137M
- VANGUARD CAPITAL MANAGEMENT LLC$62M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$29M
- GOLDMAN SACHS GROUP INC$27M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$27M
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.$26M
Largest adds
- BlackRock, Inc.$153M
- STATE STREET CORP$21M
- Invesco Ltd.$9M
- PRICE T ROWE ASSOCIATES INC /MD/$810K
- TWO SIGMA INVESTMENTS, LP$772K
- AQR CAPITAL MANAGEMENT LLC$730K
Largest trims
- Point72 Asset Management, L.P.$2M
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 | 23.7% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 2,728,989 | $137M | 10.5% | 2026-Q1 |
| STATE STREET CORP added | 1,628,896 | $104M | 8.0% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,242,162 | $62M | 4.8% | 2026-Q1 |
| Invesco Ltd. added | 497,461 | $31M | 2.4% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 573,633 | $29M | 2.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 541,919 | $27M | 2.1% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 539,600 | $27M | 2.1% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 516,111 | $26M | 2.0% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 351,544 | $22M | 1.7% | 2026-Q2 |
| NORTHERN TRUST CORP added | 380,287 | $19M | 1.5% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 304,567 | $19M | 1.4% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 366,811 | $18M | 1.4% | 2026-Q1 |
| AlphaCore Capital LLC added | 214,482 | $11M | 0.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 207,274 | $10M | 0.8% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 191,314 | $10M | 0.7% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 183,835 | $9M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 181,144 | $9M | 0.7% | 2026-Q1 |
| Legal & General Group Plc trimmed | 178,476 | $9M | 0.7% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 153,063 | $8M | 0.6% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 132,514 | $7M | 0.5% | 2026-Q1 |
| Pacer Advisors, Inc. added | 130,218 | $7M | 0.5% | 2026-Q1 |
| LSV ASSET MANAGEMENT trimmed | 106,200 | $5M | 0.4% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 100,294 | $5M | 0.4% | 2026-Q1 |
| Public Sector Pension Investment Board added | 100,241 | $5M | 0.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 98,121 | $5M | 0.4% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 89,167 | $4M | 0.3% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 85,127 | $4M | 0.3% | 2026-Q1 |
| TrueWealth Advisors, LLC added | 75,290 | $4M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 56,987 | $4M | 0.3% | 2026-Q2 |
| CANADA LIFE ASSURANCE Co trimmed | 68,245 | $3M | 0.3% | 2026-Q1 |
| Quinn Opportunity Partners LLC | 66,500 | $3M | 0.3% | 2026-Q1 |
| Nuveen, LLC trimmed | 65,878 | $3M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 66,015 | $3M | 0.3% | 2026-Q1 |
| BESSEMER GROUP INC added | 63,658 | $3M | 0.2% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 59,605 | $3M | 0.2% | 2026-Q1 |
| US BANCORP \DE\ | 59,315 | $3M | 0.2% | 2026-Q1 |
| Swiss National Bank | 55,300 | $3M | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 53,651 | $3M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 51,932 | $3M | 0.2% | 2026-Q1 |
| SEGALL BRYANT & HAMILL, LLC added | 48,300 | $3M | 0.2% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 51,517 | $3M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 40,431 | $3M | 0.2% | 2026-Q2 |
| Engineers Gate Manager LP trimmed | 48,900 | $2M | 0.2% | 2026-Q1 |
| Tidal Investments LLC trimmed | 48,137 | $2M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT CO LTD added | 44,960 | $2M | 0.2% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 40,800 | $2M | 0.2% | 2026-Q1 |
| CSM Advisors, LLC added | 40,294 | $2M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 40,041 | $2M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 39,854 | $2M | 0.2% | 2026-Q1 |
| Asset Management One Co., Ltd. | 39,425 | $2M | 0.2% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 39,315 | $2M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 38,943 | $2M | 0.1% | 2026-Q1 |
| MACQUARIE GROUP LTD added | 37,779 | $2M | 0.1% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC added | 36,897 | $2M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 36,411 | $2M | 0.1% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 34,860 | $2M | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 36,340 | $2M | 0.1% | 2026-Q1 |
| MARTINGALE ASSET MANAGEMENT L P added | 33,426 | $2M | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 33,288 | $2M | 0.1% | 2026-Q1 |
| Cresset Asset Management, LLC added | 31,767 | $2M | 0.1% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 32,132 | $2M | 0.1% | 2026-Q1 |
| NISA INVESTMENT ADVISORS, LLC added | 29,729 | $2M | 0.1% | 2026-Q1 |
| Edgestream Partners, L.P. trimmed | 30,584 | $2M | 0.1% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 30,527 | $2M | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 29,413 | $1M | 0.1% | 2026-Q1 |
| SG Americas Securities, LLC added | 29,183 | $1M | 0.1% | 2026-Q1 |
| State of Alaska, Department of Revenue trimmed | 28,972 | $1M | 0.1% | 2026-Q1 |
| Quantbot Technologies LP added | 28,598 | $1M | 0.1% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 28,366 | $1M | 0.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 22,900 | $1M | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 27,428 | $1M | 0.1% | 2026-Q1 |
| Sunbelt Securities, Inc. added | 27,131 | $1M | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 27,040 | $1M | 0.1% | 2026-Q1 |
| Summit Financial, LLC new | 25,769 | $1M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 26,631 | $1M | 0.1% | 2026-Q1 |
| Allianz Asset Management GmbH trimmed | 26,381 | $1M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 25,922 | $1M | 0.1% | 2026-Q1 |
| LPL Financial LLC trimmed | 25,554 | $1M | 0.1% | 2026-Q1 |
| CAPITAL FUND MANAGEMENT S.A. trimmed | 25,134 | $1M | 0.1% | 2026-Q1 |
| Penserra Capital Management LLC added | 24,451 | $1M | 0.1% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 24,076 | $1M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 4,269,947 | $202M | 15.5% | 2025-Q4 stale |
| JUPITER ASSET MANAGEMENT LTD trimmed | 150,905 | $8M | 0.6% | 2025-Q1 stale |
| NORGES BANK trimmed | 94,400 | $4M | 0.3% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC added | 79,295 | $4M | 0.3% | 2025-Q1 stale |
| LMR Partners LLP new | 72,766 | $4M | 0.3% | 2025-Q3 stale |
| Koa Wealth Management, LLC added | 68,221 | $4M | 0.3% | 2025-Q2 stale |
| VIRGINIA RETIREMENT SYSTEMS ET Al new | 72,550 | $3M | 0.3% | 2025-Q4 stale |
| Zimmer Partners, LP | 62,240 | $3M | 0.3% | 2025-Q1 stale |
| AXA S.A. added | 58,368 | $3M | 0.2% | 2025-Q2 stale |
| Jump Financial, LLC added | 57,246 | $3M | 0.2% | 2025-Q1 stale |
| New Age Alpha Advisors, LLC new | 54,005 | $3M | 0.2% | 2025-Q1 stale |
| STATE OF WISCONSIN INVESTMENT BOARD added | 45,270 | $2M | 0.2% | 2025-Q2 stale |
| WEDGE CAPITAL MANAGEMENT L L P/NC trimmed | 43,022 | $2M | 0.2% | 2025-Q4 stale |
| Y-Intercept (Hong Kong) Ltd added | 41,873 | $2M | 0.2% | 2025-Q4 stale |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 35,000 | $2M | 0.1% | 2025-Q2 stale |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 15,318 | $1M | 0.1% | 2025-Q4 stale |
| DARK FOREST CAPITAL MANAGEMENT LP added | 26,679 | $1M | 0.1% | 2025-Q4 stale |
| Schonfeld Strategic Advisors LLC trimmed | 21,636 | $1M | 0.1% | 2025-Q2 stale |
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.