Innovative Industrial Properties
IIPR
313 hedge funds and large institutions have $1.07B invested in Innovative Industrial Properties in 2025 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 117 increasing their positions, 101 reducing their positions, and 49 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 101
1% more capital invested
Capital invested by funds: $1.06B → $1.07B (+$5.74M)
0.27% less ownership
Funds ownership: 68.94% → 68.68% (-0.27%)
4% less funds holding
Funds holding: 327 → 313 (-14)
20% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 49
45% less call options, than puts
Call options by funds: $12.8M | Put options by funds: $23.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
AlphaCore Capital
La Jolla,
California
|
+$11.5M |
| 2 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$11M |
| 3 |
EP
Edgestream Partners
Princeton,
New Jersey
|
+$8.03M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$6.03M |
| 5 |
D.E. Shaw & Co
New York
|
+$5.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$10.7M |
| 2 |
Morgan Stanley
New York
|
-$9.32M |
| 3 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$8.16M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$6M |
| 5 |
CI
Cambiar Investors
Denver,
Colorado
|
-$5.09M |
IIPR Hedge Fund Activity: Q2 2025 in Review
313 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q2 2025, worth a combined $1.07B — up 0.54% from $1.06B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of IIPR and 39 opened new positions — a net loss of 10 holders — while 101 trimmed existing stakes and 117 added.
The largest buyer was AlphaCore Capital, opening a new position worth an estimated $11.5M. The largest seller was BlackRock, cutting an estimated $10.7M.
- 313 institutional investors held Innovative Industrial Properties (IIPR) as of Q2 2025, down from 327 in Q1 2025.
- Funds reported $1.07B of Innovative Industrial Properties stock for Q2 2025, up 0.54% quarter-over-quarter.
- 39 funds opened new Innovative Industrial Properties positions in Q2 2025 and 49 closed out, a net change of -10 holders.
- The largest Innovative Industrial Properties buyer in Q2 2025 was AlphaCore Capital, an estimated $11.5M added.
- The largest Innovative Industrial Properties seller in Q2 2025 was BlackRock, an estimated $10.7M sold.
Based on aggregated 13F filings for Q2 2025.