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Innovative Industrial Properties
IIPR

348 hedge funds and large institutions have $1.57B invested in Innovative Industrial Properties in 2023 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 123 increasing their positions, 115 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more call options, than puts

Call options by funds: $49.5M | Put options by funds: $44.2M

7% more repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 115

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.77% less ownership

Funds ownership: 75.87% → 74.1% (-1.8%)

4% less funds holding

Funds holding: 363 → 348 (-15)

21% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 57

27% less capital invested

Capital invested by funds: $2.15B → $1.57B (-$574M)

Holders
348
Holders Change
-15
Holders Change %
-4.13%
% of All Funds
5.55%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
45
Increased
123
Reduced
115
Closed
57
Calls
$49.5M
Puts
$44.2M
Net Calls
+$5.3M
Net Calls Change
+$32.9M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$18.7M
2
EMG
ETF Managers Group
New Jersey
+$10.4M
3
Norges Bank
Norges Bank
Norway
+$6.22M
4
Voloridge Investment Management
Voloridge Investment Management
Florida
+$5.97M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$5.18M

Top Sellers

Rank Fund Capital Flow
1
ZP
Zimmer Partners
New York
-$50.1M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$39.3M
3
AACA
American Assets Capital Advisers
California
-$6.74M
4
Morgan Stanley
Morgan Stanley
New York
-$5.48M
5
Millennium Management
Millennium Management
New York
-$5.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
Ohio Public Employees Retirement System (OPERS)
51
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.84M +$424K +4,799 +15%
OC
52
Oppenheimer & Co
New York
$2.69M -$2.12K -24 -0.1%
California State Teachers Retirement System (CalSTRS)
53
California State Teachers Retirement System (CalSTRS)
California
$2.65M -$46K -521 -1%
Holocene Advisors
54
Holocene Advisors
New York
$2.56M +$2.98M +33,716 New
SOADOR
55
State of Alaska Department of Revenue
Alaska
$2.55M +$8.3K +94 +0.3%
Sumitomo Mitsui Trust Group
56
Sumitomo Mitsui Trust Group
Japan
$2.47M +$113K +1,277 +4%
GF
57
Gabelli Funds
New York
$2.45M +$2.84M +32,200 New
CS
58
Credit Suisse
Switzerland
$2.44M -$482K -5,463 -15%
KCM
59
Kennedy Capital Management
Missouri
$2.38M -$5.2M -58,886 -65%
SSA
60
Schonfeld Strategic Advisors
New York
$2.38M +$2.04M +23,063 +281%
LPL Financial
61
LPL Financial
California
$2.25M -$2.94M -33,314 -53%
COPPSERS
62
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.25M -$28.7K -325 -1%
PI
63
PFG Investments
New York
$2.24M +$2.6M +29,458 New
SFI
64
Susquehanna Fundamental Investments
Pennsylvania
$2.23M – – –
MGAM
65
McGowan Group Asset Management
Texas
$2.22M -$30.4K -344 -1%
Nomura Asset Management
66
Nomura Asset Management
Japan
$2.21M +$64.4K +730 +3%
GKWIM
67
Gerber Kawasaki Wealth & Investment Management
California
$2.2M -$2.81M -31,861 -52%
Janney Montgomery Scott
68
Janney Montgomery Scott
Pennsylvania
$2.2M -$69.2K -784 -3%
SG Americas Securities
69
SG Americas Securities
New York
$2.17M +$2M +22,663 +388%
Thrivent Financial for Lutherans
70
Thrivent Financial for Lutherans
Minnesota
$2.11M -$86.2K -977 -3%
State of New Jersey Common Pension Fund D
71
State of New Jersey Common Pension Fund D
New Jersey
$2.1M +$676K +7,661 +38%
BIC
72
B&I Capital
Switzerland
$2.01M +$587K +6,650 +34%
TPSF
73
Texas Permanent School Fund
Texas
$1.91M +$554K +6,275 +33%
Stifel Financial
74
Stifel Financial
Missouri
$1.87M +$457K +5,172 +27%
Deutsche Bank
75
Deutsche Bank
Germany
$1.83M +$463K +5,245 +28%
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IIPR Hedge Fund Activity: Q1 2023 in Review

348 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q1 2023, worth a combined $1.57B — down 27% from $2.15B a quarter earlier.

Sellers outnumbered buyers: 57 funds closed out of IIPR and 45 opened new positions — a net loss of 12 holders — while 115 trimmed existing stakes and 123 added.

The largest buyer was Citadel Advisors, adding an estimated $18.7M. The largest seller was Zimmer Partners, cutting an estimated $50.1M.

  • 348 institutional investors held Innovative Industrial Properties (IIPR) as of Q1 2023, down from 363 in Q4 2022.
  • Funds reported $1.57B of Innovative Industrial Properties stock for Q1 2023, down 27% quarter-over-quarter.
  • 45 funds opened new Innovative Industrial Properties positions in Q1 2023 and 57 closed out, a net change of -12 holders.
  • The largest Innovative Industrial Properties buyer in Q1 2023 was Citadel Advisors, an estimated $18.7M added.
  • The largest Innovative Industrial Properties seller in Q1 2023 was Zimmer Partners, an estimated $50.1M sold.

Based on aggregated 13F filings for Q1 2023.