Innovative Industrial Properties
IIPR
327 hedge funds and large institutions have $1.06B invested in Innovative Industrial Properties in 2025 Q1 according to their latest regulatory filings, with 45 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 → 327 (-32)
21% less capital invested
Capital invested by funds: $1.33B → $1.06B (-$274M)
21% less call options, than puts
Call options by funds: $17.8M | Put options by funds: $22.5M
38% less first-time investments, than exits
New positions opened: 45 | 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 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$6.17M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$5.99M |
IIPR Hedge Fund Activity: Q1 2025 in Review
327 of the 7,472 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 45 opened new positions — a net loss of 27 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.
- 327 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.
- 45 funds opened new Innovative Industrial Properties positions in Q1 2025 and 72 closed out, a net change of -27 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.