Innovative Industrial Properties
IIPR
328 hedge funds and large institutions have $1.06B invested in Innovative Industrial Properties in 2025 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 118 increasing their positions, 101 reducing their positions, and 72 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 101
1.8% less ownership
Funds ownership: 70.74% → 68.94% (-1.8%)
9% less funds holding
Funds holding: 359 → 328 (-31)
20% less capital inflows, than outflows
Capital inflows: $107M | Capital outflows: $135M
21% less call options, than puts
Call options by funds: $17.8M | Put options by funds: $22.5M
36% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 72
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$10M |
| 2 |
Voloridge Investment Management
Jupiter,
Florida
|
+$7.07M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$6.31M |
| 4 |
D.E. Shaw & Co
New York
|
+$6.24M |
| 5 |
Morgan Stanley
New York
|
+$5.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$29.3M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$22.6M |
| 3 |
BlackRock
New York
|
-$10.8M |
| 4 |
Tidal Investments
Milwaukee,
Wisconsin
|
-$6.17M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$5.99M |
IIPR Hedge Fund Activity: Q1 2025 in Review
328 of the 7,480 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q1 2025, worth a combined $1.06B — down 21% from $1.33B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of IIPR and 46 opened new positions — a net loss of 26 holders — while 101 trimmed existing stakes and 118 added.
The largest buyer was Millennium Management, adding an estimated $10M. The largest seller was Pacer Advisors, cutting an estimated $29.3M.
- 328 institutional investors held Innovative Industrial Properties (IIPR) as of Q1 2025, down from 359 in Q4 2024.
- Funds reported $1.06B of Innovative Industrial Properties stock for Q1 2025, down 21% quarter-over-quarter.
- 46 funds opened new Innovative Industrial Properties positions in Q1 2025 and 72 closed out, a net change of -26 holders.
- The largest Innovative Industrial Properties buyer in Q1 2025 was Millennium Management, an estimated $10M added.
- The largest Innovative Industrial Properties seller in Q1 2025 was Pacer Advisors, an estimated $29.3M sold.
Based on aggregated 13F filings for Q1 2025.