Innovative Industrial Properties
IIPR
99 hedge funds and large institutions have $133M invested in Innovative Industrial Properties in 2018 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 30 increasing their positions, 13 reducing their positions, and 11 closing their positions.
291% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 11
131% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 13
48% more funds holding
Funds holding: 67 → 99 (+32)
6% more capital invested
Capital invested by funds: $126M → $133M (+$7.61M)
9.4% less ownership
Funds ownership: 50.62% → 41.21% (-9.4%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$3.84M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
+$3.7M |
| 3 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
+$3.37M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$3.13M |
| 5 |
UIC
Uniplan Investment Counsel
Milwaukee,
Wisconsin
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$30.6M |
| 2 |
Man Group
London,
United Kingdom
|
-$7.78M |
| 3 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$7.26M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.96M |
| 5 |
SPCP
Snow Park Capital Partners
New York
|
-$2.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPCP
101
Snow Park Capital Partners
New York
| – | -$2.56M | -70,000 | Closed |
|
102
Geode Capital Management
Boston,
Massachusetts
| – | -$1.33M | -36,379 | Closed |
|
|
NIP
103
Nicholas Investment Partners
Rancho Santa Fe,
California
| – | -$1.19M | -32,583 | Closed |
|
|
ACM
104
Avalon Capital Management
Port Of Redwood City,
California
| – | -$282K | -7,688 | Closed |
|
|
HCM
105
Hilton Capital Management
Garden City,
New York
| – | -$274K | -7,480 | Closed |
|
106
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$184K | -5,023 | Closed |
|
|
PIA
107
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$4K | -111 | Closed |
|
|
CF
108
Centaurus Financial
Anaheim,
California
| – | -$4K | -100 | Closed |
|
|
FGAM
109
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$306 | +8 | New |
|
IIPR Hedge Fund Activity: Q3 2018 in Review
99 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q3 2018, worth a combined $133M — up 6.1% from $126M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new IIPR positions and 11 closed out — a net gain of 32 holders — while 30 added to existing stakes and 13 trimmed.
The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $3.84M. The largest seller was HG Vora Capital Management, cutting an estimated $30.6M.
- 99 institutional investors held Innovative Industrial Properties (IIPR) as of Q3 2018, up from 67 in Q2 2018.
- Funds reported $133M of Innovative Industrial Properties stock for Q3 2018, up 6.1% quarter-over-quarter.
- 43 funds opened new Innovative Industrial Properties positions in Q3 2018 and 11 closed out, a net change of +32 holders.
- The largest Innovative Industrial Properties buyer in Q3 2018 was Driehaus Capital Management, an estimated $3.84M added.
- The largest Innovative Industrial Properties seller in Q3 2018 was HG Vora Capital Management, an estimated $30.6M sold.
Based on aggregated 13F filings for Q3 2018.