Innovative Industrial Properties
IIPR
130 hedge funds and large institutions have $240M invested in Innovative Industrial Properties in 2018 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 62 increasing their positions, 10 reducing their positions, and 14 closing their positions.
520% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 10
229% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 14
80% more capital invested
Capital invested by funds: $133M → $240M (+$107M)
31% more funds holding
Funds holding: 99 → 130 (+31)
13.25% more ownership
Funds ownership: 41.21% → 54.47% (+13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$29.8M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
+$23.5M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$14.1M |
| 4 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
+$6.98M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$5.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$9.65M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.47M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.9M |
| 4 |
Renaissance Technologies
New York
|
-$1.7M |
| 5 |
JP Morgan Chase
New York
|
-$1.06M |
IIPR Hedge Fund Activity: Q4 2018 in Review
130 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q4 2018, worth a combined $240M — up 80% from $133M a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new IIPR positions and 14 closed out — a net gain of 32 holders — while 62 added to existing stakes and 10 trimmed.
The largest buyer was Vanguard Group, adding an estimated $29.8M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $9.65M sold.
- 130 institutional investors held Innovative Industrial Properties (IIPR) as of Q4 2018, up from 99 in Q3 2018.
- Funds reported $240M of Innovative Industrial Properties stock for Q4 2018, up 80% quarter-over-quarter.
- 46 funds opened new Innovative Industrial Properties positions in Q4 2018 and 14 closed out, a net change of +32 holders.
- The largest Innovative Industrial Properties buyer in Q4 2018 was Vanguard Group, an estimated $29.8M added.
- The largest Innovative Industrial Properties seller in Q4 2018 was HG Vora Capital Management, an estimated $9.65M sold.
Based on aggregated 13F filings for Q4 2018.