Innovative Industrial Properties
IIPR
309 hedge funds and large institutions have $1B invested in Innovative Industrial Properties in 2025 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 106 increasing their positions, 105 reducing their positions, and 46 closing their positions.
1% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 105
4% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 46
1% less funds holding
Funds holding: 313 → 309 (-4)
2.12% less ownership
Funds ownership: 68.68% → 66.55% (-2.1%)
6% less capital invested
Capital invested by funds: $1.07B → $1B (-$62.9M)
48% less call options, than puts
Call options by funds: $16.8M | Put options by funds: $32M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$10.9M |
| 2 |
D.E. Shaw & Co
New York
|
+$4.51M |
| 3 |
LP
LMR Partners
London,
United Kingdom
|
+$3.96M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$3.17M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$2.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$7.15M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.59M |
| 3 |
Voloridge Investment Management
Jupiter,
Florida
|
-$5.82M |
| 4 |
EP
Edgestream Partners
Princeton,
New Jersey
|
-$5.08M |
| 5 |
KWM
Koa Wealth Management
Encinitas,
California
|
-$3.77M |
IIPR Hedge Fund Activity: Q3 2025 in Review
309 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q3 2025, worth a combined $1B — down 5.9% from $1.07B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of IIPR and 44 opened new positions — a net loss of 2 holders — while 105 trimmed existing stakes and 106 added.
The largest buyer was Goldman Sachs, adding an estimated $10.9M. The largest seller was Millennium Management, cutting an estimated $7.15M.
- 309 institutional investors held Innovative Industrial Properties (IIPR) as of Q3 2025, down from 313 in Q2 2025.
- Funds reported $1B of Innovative Industrial Properties stock for Q3 2025, down 5.9% quarter-over-quarter.
- 44 funds opened new Innovative Industrial Properties positions in Q3 2025 and 46 closed out, a net change of -2 holders.
- The largest Innovative Industrial Properties buyer in Q3 2025 was Goldman Sachs, an estimated $10.9M added.
- The largest Innovative Industrial Properties seller in Q3 2025 was Millennium Management, an estimated $7.15M sold.
Based on aggregated 13F filings for Q3 2025.