Innovative Industrial Properties
IIPR
247 hedge funds and large institutions have $659M invested in Innovative Industrial Properties in 2019 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 92 increasing their positions, 70 reducing their positions, and 32 closing their positions.
66% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 32
31% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 70
6% more funds holding
Funds holding: 233 → 247 (+14)
1.24% more ownership
Funds ownership: 72.26% → 73.5% (+1.2%)
12% less capital invested
Capital invested by funds: $751M → $659M (-$91.9M)
32% less call options, than puts
Call options by funds: $53.5M | Put options by funds: $78.6M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
+$22.3M |
| 2 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$14M |
| 3 |
Millennium Management
New York
|
+$10.4M |
| 4 |
BlackRock
New York
|
+$9.39M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$8.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$32.8M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$26.8M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$4.84M |
| 4 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
-$4.62M |
| 5 |
HCM
HGI Capital Management
New York
|
-$4.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$1K | -15 | Closed |
|
277
Fidelity Investments
Boston,
Massachusetts
| – | +$310 | +4 | +400% |
|
IIPR Hedge Fund Activity: Q4 2019 in Review
247 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q4 2019, worth a combined $659M — down 12% from $751M a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new IIPR positions and 32 closed out — a net gain of 21 holders — while 92 added to existing stakes and 70 trimmed.
The largest buyer was TimesSquare Capital Management, adding an estimated $22.3M. The largest seller was Capital Growth Management, exiting entirely with an estimated $32.8M sold.
- 247 institutional investors held Innovative Industrial Properties (IIPR) as of Q4 2019, up from 233 in Q3 2019.
- Funds reported $659M of Innovative Industrial Properties stock for Q4 2019, down 12% quarter-over-quarter.
- 53 funds opened new Innovative Industrial Properties positions in Q4 2019 and 32 closed out, a net change of +21 holders.
- The largest Innovative Industrial Properties buyer in Q4 2019 was TimesSquare Capital Management, an estimated $22.3M added.
- The largest Innovative Industrial Properties seller in Q4 2019 was Capital Growth Management, an estimated $32.8M sold.
Based on aggregated 13F filings for Q4 2019.