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Innovative Industrial Properties
IIPR

299 hedge funds and large institutions have $1B invested in Innovative Industrial Properties in 2026 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 107 increasing their positions, 88 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 30

22% more repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 88

8% more capital invested

Capital invested by funds: $923M → $1B (+$78.3M)

2% more funds holding

Funds holding: 293 → 299 (+6)

1.39% more ownership

Funds ownership: 69.29% → 70.69% (+1.4%)

50% less call options, than puts

Call options by funds: $22.7M | Put options by funds: $45.3M

Holders
299
Holders Change
+6
Holders Change %
+2.05%
% of All Funds
3.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
41
Increased
107
Reduced
88
Closed
30
Calls
$22.7M
Puts
$45.3M
Net Calls
-$22.5M
Net Calls Change
+$2.32M

Top Buyers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$26.4M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
+$14.1M
3
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
+$9.76M
4
UBS AM
UBS AM
Illinois
+$2.71M
5
BlackRock
BlackRock
New York
+$2.28M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$10.6M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$5.57M
3
EP
Edgestream Partners
New Jersey
-$4.82M
4
Morgan Stanley
Morgan Stanley
New York
-$2.64M
5
WCM
Wedge Capital Management
North Carolina
-$2.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$4.93M +$1.07M +21,189 +28%
RhumbLine Advisers
27
RhumbLine Advisers
Massachusetts
$4.47M +$219K +4,348 +5%
Victory Capital Management
28
Victory Capital Management
Texas
$4.27M +$4.44K +88 +0.1%
TA
29
TrueWealth Advisors
Alabama
$3.78M +$208K +4,115 +6%
Canada Life
30
Canada Life
Manitoba, Canada
$3.43M -$74.8K -1,482 -2%
QOP
31
Quinn Opportunity Partners
Virginia
$3.34M – – –
N
32
Nuveen
North Carolina
$3.3M -$1.34M -26,483 -29%
Ameriprise
33
Ameriprise
Minnesota
$3.28M -$50.4K -999 -1%
Bessemer Group
34
Bessemer Group
New Jersey
$3.19M +$4.24K +84 +0.1%
Balyasny Asset Management
35
Balyasny Asset Management
Illinois
$2.99M +$1.36M +26,916 +82%
US Bancorp
36
US Bancorp
Minnesota
$2.98M – – –
AQR Capital Management
37
AQR Capital Management
Connecticut
$2.84M +$15.5K +307 +0.5%
Swiss National Bank
38
Swiss National Bank
Switzerland
$2.77M – – –
UBS AM
39
UBS AM
Illinois
$2.69M +$2.71M +53,651 New
HSBC Holdings
40
HSBC Holdings
United Kingdom
$2.61M +$345K +6,843 +15%
Prudential Financial
41
Prudential Financial
New Jersey
$2.58M +$59.5K +1,180 +2%
EGM
42
Engineers Gate Manager
New York
$2.45M -$27.5K -546 -1%
TI
43
Tidal Investments
Wisconsin
$2.41M -$242K -4,802 -9%
SBH
44
Segall Bryant & Hamill
Illinois
$2.3M -$64.9K -1,286 -3%
Nomura Asset Management
45
Nomura Asset Management
Japan
$2.26M +$133K +2,640 +6%
New York State Teachers Retirement System (NYSTRS)
46
New York State Teachers Retirement System (NYSTRS)
New York
$2.05M -$45.1K -894 -2%
CA
47
CSM Advisors
Pennsylvania
$2.02M +$180K +3,576 +10%
Millennium Management
48
Millennium Management
New York
$2.01M -$10.6M -210,012 -84%
Citigroup
49
Citigroup
New York
$2M +$128K +2,544 +7%
Asset Management One
50
Asset Management One
Japan
$1.98M – – –
1
2
3 4 5

IIPR Hedge Fund Activity: Q1 2026 in Review

299 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q1 2026, worth a combined $1B — up 8.5% from $923M a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new IIPR positions and 30 closed out — a net gain of 11 holders — while 107 added to existing stakes and 88 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $26.4M. The largest seller was Millennium Management, cutting an estimated $10.6M.

  • 299 institutional investors held Innovative Industrial Properties (IIPR) as of Q1 2026, up from 293 in Q4 2025.
  • Funds reported $1B of Innovative Industrial Properties stock for Q1 2026, up 8.5% quarter-over-quarter.
  • 41 funds opened new Innovative Industrial Properties positions in Q1 2026 and 30 closed out, a net change of +11 holders.
  • The largest Innovative Industrial Properties buyer in Q1 2026 was Arrowstreet Capital, an estimated $26.4M added.
  • The largest Innovative Industrial Properties seller in Q1 2026 was Millennium Management, an estimated $10.6M sold.

Based on aggregated 13F filings for Q1 2026.