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Innovative Industrial Properties Inc

IIPR
Exchange
NYSE
Industry
Real Estate
SEC CIK
0001677576

In the last 90 days, Innovative Industrial Properties Inc insiders filed 1 open-market purchase and 1 sale; 329 institutions reported holding it in 13F filings for Q2 2026, worth $1.30B in total; no superinvestor holds it.

Other share classesIIPR.PA

13F holders, Q4 2025

Institutional positions in Innovative Industrial Properties Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
293
−8 vs. Q3 2025
Shares held
19.5M
+694.1K (+3.7%) vs. Q3 2025
Total value
$925.5M
−$84.5M (−8.4%) vs. Q3 2025
New holders
36
109 more added
Sold out
44
94 more reduced

8 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting IIPR on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 293 institutions
Q1 2021: 395 institutionsQ2 2021: 408 institutionsQ3 2021: 431 institutionsQ4 2021: 458 institutionsQ1 2022: 436 institutionsQ2 2022: 389 institutionsQ3 2022: 339 institutionsQ4 2022: 363 institutionsQ1 2023: 348 institutionsQ2 2023: 329 institutionsQ3 2023: 335 institutionsQ4 2023: 368 institutionsQ1 2024: 376 institutionsQ2 2024: 394 institutionsQ3 2024: 415 institutionsQ4 2024: 359 institutionsQ1 2025: 327 institutionsQ2 2025: 314 institutionsQ3 2025: 309 institutionsQ4 2025: 293 institutionsQ1 2026: 300 institutionsQ2 2026: 329 institutions
Value heldQ4 2025: $925.5M
Q1 2021: $3.36BQ2 2021: $3.48BQ3 2021: $4.27BQ4 2021: $4.86BQ1 2022: $3.91BQ2 2022: $2.31BQ3 2022: $1.83BQ4 2022: $2.15BQ1 2023: $1.58BQ2 2023: $1.41BQ3 2023: $1.46BQ4 2023: $2.07BQ1 2024: $2.15BQ2 2024: $2.18BQ3 2024: $2.71BQ4 2024: $1.33BQ1 2025: $1.06BQ2 2025: $1.07BQ3 2025: $1.01BQ4 2025: $925.5MQ1 2026: $1.01BQ2 2026: $1.30B
Institutions holding IIPR and their total value by quarter
QuarterHoldersValue
Q2 2026329$1.30B
Q1 2026300$1.01B
Q4 2025293$925.5M
Q3 2025309$1.01B
Q2 2025314$1.07B
Q1 2025327$1.06B
Q4 2024359$1.33B
Q3 2024415$2.71B
Q2 2024394$2.18B
Q1 2024376$2.15B
Q4 2023368$2.07B
Q3 2023335$1.46B
Q2 2023329$1.41B
Q1 2023348$1.58B
Q4 2022363$2.15B
Q3 2022339$1.83B
Q2 2022389$2.31B
Q1 2022436$3.91B
Q4 2021458$4.86B
Q3 2021431$4.27B
Q2 2021408$3.48B
Q1 2021395$3.36B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Innovative Industrial Properties Inc; share changes are against Q3 2025.

Institutions holding IIPR in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.4,736,302$224.3M0.00%+84,395+1.8%Added
Vanguard Group Inc4,269,947$202.2M0.00%+4,230+0.1%Added
State Street Corp1,605,155$79.0M0.00%−7,480−0.5%Reduced
Charles Schwab Investment Management Inc540,742$25.6M0.00%+23,901+4.6%Added
Goldman Sachs Group Inc509,124$24.1M0.00%+105,569+26.2%Added
Invesco Ltd.493,507$23.4M0.00%+53,143+12.1%Added
D. E. Shaw & Co., Inc.473,046$22.4M0.02%+84,917+21.9%Added
Northern Trust Corp353,313$16.7M0.00%−8,162−2.3%Reduced
Dimensional Fund Advisors LP350,367$16.6M0.00%+16,426+4.9%Added
Mirae Asset Global ETFs Holdings Ltd.322,678$15.3M0.02%+18,151+6.0%Added
Morgan Stanley259,534$12.3M0.00%−53,668−17.1%Reduced
Millennium Management LLC250,053$11.8M0.01%+140,826+128.9%Added
AlphaCore Capital LLC214,282$10.1M0.23%+2,875+1.4%Added
Bank of New York Mellon Corp195,040$9.24M0.00%−148,718−43.3%Reduced
Legal & General Group Plc193,926$9.18M0.00%+22,926+13.4%Added
Point72 Asset Management, L.P.184,617$8.74M0.01%+129,552+235.3%Added
Principal Financial Group Inc184,039$8.72M0.00%+17,248+10.3%Added
JPMorgan Chase & Co166,226$7.87M0.00%−135,020−44.8%Reduced
Thrivent Financial for Lutherans142,325$6.74M0.01%+7,638+5.7%Added
Edgestream Partners, L.P.126,158$5.97M0.17%+72,833+136.6%Added
Pacer Advisors, Inc.115,965$5.49M0.01%−29,401−20.2%Reduced
LSV Asset Management109,300$5.18M0.01%−1,400−1.3%Reduced
Public Sector Pension Investment Board97,106$4.60M0.02%−12,232−11.2%Reduced
Norges Bank94,400$4.47M0.00%+94,400New
Nuveen, LLC92,361$4.37M0.00%−1,722−1.8%Reduced
HSBC Holdings PLC90,178$4.27M0.00%+53,278+144.4%Added
Victory Capital Management Inc85,039$4.03M0.00%+25,447+42.7%Added
Rhumbline Advisers84,819$4.02M0.00%−5,059−5.6%Reduced
First Trust Advisors LP83,294$3.94M0.00%+12,366+17.4%Added
Geode Capital Management, LLC76,932$3.65M0.00%+2,315+3.1%Added
Virginia Retirement Systems Et Al72,550$3.44M0.02%+72,550New
TrueWealth Advisors, LLC71,175$3.37M0.87%−1,485−2.0%Reduced
MML Investors Services, LLC71,174$3.37M0.01%+18,635+35.5%Added
Great West Life Assurance Co69,727$3.31M0.01%+1,778+2.6%Added
Quinn Opportunity Partners LLC66,500$3.15M0.14%00.0%Unchanged
Ameriprise Financial Inc67,014$3.15M0.00%−4,786−6.7%Reduced
Bessemer Group Inc63,574$3.01M0.00%+63,407+37,968.3%Added
US Bancorp59,315$2.81M0.00%+2,586+4.6%Added
AQR Capital Management LLC56,254$2.66M0.00%−4,023−6.7%Reduced
Swiss National Bank55,300$2.62M0.00%+1,200+2.2%Added
Toroso Investments, LLC52,939$2.51M0.01%−3,970−7.0%Reduced
Prudential Financial Inc50,337$2.38M0.00%+12,238+32.1%Added
Engineers Gate Manager LP49,446$2.34M0.03%+23,996+94.3%Added
Segall Bryant & Hamill, LLC47,234$2.24M0.03%+38+0.1%Added
Barclays PLC44,435$2.10M0.00%+4,078+10.1%Added
Wedge Capital Management L L P43,022$2.04M0.04%−952−2.2%Reduced
Nomura Asset Management Co Ltd42,320$2.00M0.01%+2,100+5.2%Added
Y-Intercept (Hong Kong) Ltd41,873$1.98M0.04%+9,165+28.0%Added
New York State Teachers Retirement System41,694$1.98M0.00%−544−1.3%Reduced
Asset Management One Co.,Ltd.39,425$1.97M0.01%+368+0.9%Added
Franklin Resources Inc39,514$1.87M0.00%+12,105+44.2%Added
Public Employees Retirement System of Ohio38,614$1.83M0.01%−1,293−3.2%Reduced
Citigroup Inc37,310$1.77M0.00%+6,256+20.1%Added
CSM Advisors, LLC36,718$1.74M0.05%+36,718New
Alliancebernstein L.P.36,551$1.73M0.00%−992−2.6%Reduced
Macquarie Group Ltd36,036$1.71M0.01%−152−0.4%Reduced
Exchange Traded Concepts, LLC34,582$1.64M0.01%+5,124+17.4%Added
Balyasny Asset Management LLC32,689$1.55M0.00%−31,675−49.2%Reduced
Cresset Asset Management, LLC31,320$1.54M0.01%+226+0.7%Added
Wells Fargo & Company31,161$1.48M0.00%+9,851+46.2%Added
Sumitomo Mitsui Trust Holdings, Inc.31,062$1.47M0.00%−457−1.4%Reduced
Deutsche Bank AG30,531$1.45M0.00%+1,316+4.5%Added
Martingale Asset Management L P29,524$1.40M0.04%+6,816+30.0%Added
State of Alaska, Department of Revenue29,483$1.39M0.01%+398+1.4%Added
Price T Rowe Associates Inc29,035$1.38M0.00%−160−0.5%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH27,954$1.32M0.00%−90.0%Reduced
LPL Financial LLC27,705$1.31M0.00%−5,371−16.2%Reduced
Capital Fund Management S.A.27,406$1.30M0.01%+1,452+5.6%Added
Mackenzie Financial Corp25,827$1.28M0.00%−321−1.2%Reduced
Dark Forest Capital Management LP26,679$1.26M0.06%+19,913+294.3%Added
Allianz Asset Management GmbH26,674$1.26M0.00%−187−0.7%Reduced
California State Teachers Retirement System26,129$1.24M0.00%−24−0.1%Reduced
Sunbelt Securities, Inc.25,760$1.22M0.08%+5,245+25.6%Added
Marshall Wace, LLP25,431$1.20M0.00%+25,431New
SG Americas Securities, LLC24,928$1.18M0.00%+13,079+110.4%Added
Commonwealth Equity Services, LLC24,013$1.14M0.00%+547+2.3%Added
Penserra Capital Management LLC23,780$1.13M0.01%+4,669+24.4%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.21,410$1.06M0.00%00.0%Unchanged
Manufacturers Life Insurance Company, The22,146$1.05M0.00%−791−3.4%Reduced
Cetera Investment Advisers22,126$1.05M0.00%−3,157−12.5%Reduced
Summit Global Investments21,349$1.01M0.06%−633−2.9%Reduced
TrueMark Investments, LLC20,743$982.4K0.19%+20,743New
Susquehanna International Group, LLP20,275$960.2K0.00%+12,335+155.4%Added
American Century Companies Inc20,121$952.9K0.00%+6,843+51.5%Added
Nomura Asset Management International Inc.20,071$951.0K0.00%+20,071New
Nisa Investment Advisors, LLC18,417$909.4K0.00%−16,285−46.9%Reduced
Jane Street Group, LLC18,601$880.9K0.00%−9,397−33.6%Reduced
Omers Administration Corp16,700$790.9K0.01%00.0%Unchanged
Bank of America Corp16,693$790.6K0.00%+3,501+26.5%Added
Intech Investment Management LLC16,627$787.5K0.01%−11,610−41.1%Reduced
MetLife Investment Management16,421$777.7K0.00%−1,011−5.8%Reduced
Brookwood Investment Group LLC16,385$776.0K0.09%+16,385New
Amundi16,330$773.4K0.00%+2,152+15.2%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.16,087$762.0K0.00%+15,618+3,330.1%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys15,957$755.7K0.00%−199−1.2%Reduced
Arrowstreet Capital, Limited Partnership15,316$725.4K0.00%+15,316New
Zurcher Kantonalbank (Zurich Cantonalbank)14,851$703.3K0.00%00.0%Unchanged
DekaBank Deutsche Girozentrale6,473$700.0K0.00%00.0%Unchanged
UBS Group AG14,775$699.7K0.00%−6,921−31.9%Reduced
Illinois Municipal Retirement Fund14,359$680.0K0.01%−364−2.5%Reduced