Innovative Industrial Properties
IIPR
210 hedge funds and large institutions have $489M invested in Innovative Industrial Properties in 2019 Q1 according to their latest regulatory filings, with 93 funds opening new positions, 49 increasing their positions, 50 reducing their positions, and 11 closing their positions.
745% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 11
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
104% more capital invested
Capital invested by funds: $240M → $489M (+$249M)
62% more funds holding
Funds holding: 130 → 210 (+80)
33% more call options, than puts
Call options by funds: $14.1M | Put options by funds: $10.6M
7.05% more ownership
Funds ownership: 54.47% → 61.52% (+7.1%)
2% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$56.8M |
| 2 |
State Street
Boston,
Massachusetts
|
+$7.02M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
+$5.31M |
| 4 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$4.94M |
| 5 |
Bank of New York Mellon
New York
|
+$4.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
-$31.1M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$7.5M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$7.33M |
| 4 |
TA
Teachers Advisors
New York
|
-$6.51M |
| 5 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$4.74M |
IIPR Hedge Fund Activity: Q1 2019 in Review
210 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q1 2019, worth a combined $489M — up 104% from $240M a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new IIPR positions and 11 closed out — a net gain of 82 holders — while 49 added to existing stakes and 50 trimmed.
The largest buyer was BlackRock, adding an estimated $56.8M. The largest seller was TimesSquare Capital Management, cutting an estimated $31.1M.
- 210 institutional investors held Innovative Industrial Properties (IIPR) as of Q1 2019, up from 130 in Q4 2018.
- Funds reported $489M of Innovative Industrial Properties stock for Q1 2019, up 104% quarter-over-quarter.
- 93 funds opened new Innovative Industrial Properties positions in Q1 2019 and 11 closed out, a net change of +82 holders.
- The largest Innovative Industrial Properties buyer in Q1 2019 was BlackRock, an estimated $56.8M added.
- The largest Innovative Industrial Properties seller in Q1 2019 was TimesSquare Capital Management, an estimated $31.1M sold.
Based on aggregated 13F filings for Q1 2019.