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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
19.4M
+804.4K (+4.3%) vs. Q3 2025
Total value
$922.8M
−$78.2M (−7.8%) vs. Q3 2025
New holders
36
110 more added
Sold out
44
93 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: 338 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: $922.8M
Q1 2021: $3.36BQ2 2021: $3.48BQ3 2021: $4.27BQ4 2021: $4.84BQ1 2022: $3.88BQ2 2022: $2.31BQ3 2022: $1.83BQ4 2022: $2.15BQ1 2023: $1.57BQ2 2023: $1.41BQ3 2023: $1.46BQ4 2023: $2.00BQ1 2024: $2.05BQ2 2024: $2.15BQ3 2024: $2.68BQ4 2024: $1.33BQ1 2025: $1.06BQ2 2025: $1.07BQ3 2025: $1.00BQ4 2025: $922.8MQ1 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$922.8M
Q3 2025309$1.00B
Q2 2025314$1.07B
Q1 2025327$1.06B
Q4 2024359$1.33B
Q3 2024415$2.68B
Q2 2024394$2.15B
Q1 2024376$2.05B
Q4 2023368$2.00B
Q3 2023335$1.46B
Q2 2023329$1.41B
Q1 2023348$1.57B
Q4 2022363$2.15B
Q3 2022338$1.83B
Q2 2022389$2.31B
Q1 2022436$3.88B
Q4 2021458$4.84B
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
Centaurus Financial, Inc.13,860$656.0K0.03%+245+1.8%Added
Advisor Group Holdings, Inc.13,429$638.0K0.00%−8,436−38.6%Reduced
Janus Henderson Group PLC12,925$612.8K0.00%00.0%Unchanged
Louisiana State Employees Retirement System12,800$606.2K0.01%−100−0.8%Reduced
Freestone Grove Partners LP12,467$590.4K0.00%+250+2.0%Added
Resona Asset Management Co.,Ltd.11,672$579.3K0.00%−694−5.6%Reduced
KLP Kapitalforvaltning AS11,500$563.2K0.00%+400+3.6%Added
Black Swift Group, LLC18,835$560.5K0.09%+1,040+5.8%Added
Advisors Asset Management, Inc.11,550$547.0K0.01%+515+4.7%Added
Guggenheim Capital LLC11,445$542.0K0.00%+11,445New
Citadel Advisors LLC11,101$525.7K0.00%−12,657−53.3%Reduced
Cambridge Investment Research Advisors, Inc.11,043$523.0K0.00%+2,190+24.7%Added
RD Lewis Holdings, Inc.10,717$518.9K0.44%−8,265−43.5%Reduced
Quantinno Capital Management LP10,832$513.0K0.00%+1,316+13.8%Added
Campbell & CO Investment Adviser LLC10,832$513.0K0.02%+4,237+64.2%Added
Daiwa Securities Group Inc.10,577$501.0K0.00%+397+3.9%Added
IMC-Chicago, LLC10,572$500.7K0.01%+10,572New
Two Sigma Advisers, LP10,500$497.3K0.00%00.0%Unchanged
Cambria Investment Management, L.P.10,364$490.8K0.03%+30.0%Added
Brevan Howard Capital Management LP10,081$477.4K0.01%+4,689+87.0%Added
Verition Fund Management LLC10,026$474.8K0.00%−4,856−32.6%Reduced
Vident Advisory, LLC9,964$471.9K0.00%−1,667−14.3%Reduced
Ethos Financial Group, LLC9,756$462.0K0.03%−679−6.5%Reduced
New York State Common Retirement Fund9,736$461.1K0.00%00.0%Unchanged
Sterling Capital Management LLC9,612$455.2K0.01%+7,688+399.6%Added
Sigma Planning Corp8,737$413.9K0.01%+803+10.1%Added
Versor Investments LP8,428$399.1K0.06%+3,500+71.0%Added
Pensionfund DSM Netherlands8,400$398.0K0.26%00.0%Unchanged
Quest Partners LLC8,274$391.9K0.02%+85+1.0%Added
Standard Life Aberdeen plc8,204$388.5K0.00%+2,012+32.5%Added
Amalgamated Bank8,135$385.0K0.00%−135−1.6%Reduced
BNP Paribas Arbitrage, SA8,056$381.5K0.00%−18,731−69.9%Reduced
Roberts Glore & Co Inc7,950$376.5K0.10%+4,150+109.2%Added
Arizona State Retirement System7,799$369.4K0.00%−490−5.9%Reduced
Royal Bank of Canada7,749$366.0K0.00%−191−2.4%Reduced
Cerity Partners LLC7,584$359.2K0.00%+2,067+37.5%Added
Sumitomo Mitsui DS Asset Management Company, Ltd7,535$356.9K0.00%+2,222+41.8%Added
Van Eck Associates Corp7,436$352.0K0.00%+664+9.8%Added
PFG Investments, LLC7,069$334.8K0.02%−620−8.1%Reduced
Teachers Retirement System of the State of Kentucky7,032$333.0K0.00%−918−11.5%Reduced
Police & Firemen's Retirement System of New Jersey7,019$332.4K0.00%−680−8.8%Reduced
PEAK6 LLC6,894$326.5K0.01%−10,180−59.6%Reduced
Metis Global Partners, LLC6,630$314.0K0.01%+313+5.0%Added
Oregon Public Employees Retirement Fund6,412$303.7K0.00%+100+1.6%Added
Nomura Holdings Inc6,308$298.7K0.00%+6,308New
SEI Investments Co5,945$281.5K0.00%−12−0.2%Reduced
Mystic Asset Management, Inc.5,919$280.3K0.06%+420+7.6%Added
First Citizens Bank & Trust Co5,739$271.8K0.01%−33−0.6%Reduced
Envestnet Portfolio Solutions, Inc.5,738$271.8K0.00%−36−0.6%Reduced
Pinebridge Investments LLC5,716$270.7K0.00%+5,716New
Russell Investments Group, Ltd.5,605$265.4K0.00%−6,703−54.5%Reduced
UniSuper Management Pty Ltd5,600$265.2K0.00%−2,300−29.1%Reduced
Oppenheimer & Co Inc5,563$263.5K0.00%+25+0.5%Added
Baader Bank INC5,597$263.3K0.02%−1,028−15.5%Reduced
Raymond James Financial Inc5,542$262.5K0.00%−786−12.4%Reduced
CI Private Wealth, LLC5,358$260.3K0.00%+850+18.9%Added
ProShare Advisors LLC5,408$256.1K0.00%+169+3.2%Added
Janney Montgomery Scott LLC5,386$255.0K0.00%+1,355+33.6%Added
Massar Capital Management, LP5,015$237.5K0.05%+5,015New
STRS Ohio5,000$236.8K0.00%00.0%Unchanged
Voya Investment Management LLC4,989$236.3K0.00%−112−2.2%Reduced
Catalyst Capital Advisors LLC4,890$231.6K0.00%00.0%Unchanged
SMH Capital Advisors Inc4,890$231.6K0.47%00.0%Unchanged
Quantbot Technologies LP4,809$227.8K0.01%−216−4.3%Reduced
CWM, LLC4,746$225.0K0.00%−804−14.5%Reduced
Allworth Financial LP4,714$223.2K0.00%+208+4.6%Added
Nissay Asset Management Corp4,696$222.4K0.00%+176+3.9%Added
Jones Financial Companies LLLP4,542$215.1K0.00%+415+10.1%Added
Yousif Capital Management, LLC4,260$212.4K0.00%−73−1.7%Reduced
Pensionfund Sabic4,404$209.0K0.06%00.0%Unchanged
1620 Investment Advisors, Inc.4,318$204.5K0.14%−501−10.4%Reduced
Arrow Investment Advisors, LLC4,314$204.3K0.23%+4,314New
Flagship Harbor Advisors, LLC3,366$159.4K0.01%+3,366New
Covestor Ltd3,223$153.0K0.08%−527−14.1%Reduced
Public Employees Retirement Association of Colorado3,149$149.0K0.00%00.0%Unchanged
Kestra Advisory Services, LLC3,119$147.7K0.00%+3,119New
The PNC Financial Services Group, Inc.2,991$141.7K0.00%+262+9.6%Added
Virtus ETF Advisers LLC2,852$135.1K0.06%+2,852New
Investors Research Corp2,700$127.9K0.02%−40−1.5%Reduced
Ameritas Investment Partners, Inc.2,322$110.0K0.00%00.0%Unchanged
Federation des caisses Desjardins du Quebec2,314$109.6K0.00%+409+21.5%Added
GWM Advisors LLC2,130$100.9K0.00%+2,001+1,551.2%Added
Bollard Group LLC1,702$81.0K0.00%+59+3.6%Added
Canada Pension Plan Investment Board1,600$75.8K0.00%+1,600New
Anfield Capital Management, LLC1,420$67.3K0.02%00.0%Unchanged
Farther Finance Advisors, LLC1,402$66.4K0.00%+12+0.9%Added
Rockefeller Capital Management L.P.1,396$66.1K0.00%+38+2.8%Added
Tower Research Capital LLC (TRC)1,356$64.2K0.00%+627+86.0%Added
Hantz Financial Services, Inc.1,336$63.0K0.00%+451+51.0%Added
KBC Group NV1,301$62.0K0.00%00.0%Unchanged
Newbridge Financial Services Group, Inc.947$44.9K0.01%00.0%Unchanged
Mirae Asset Global Investments Co., Ltd.819$38.8K0.00%+205+33.4%Added
Signaturefd, LLC809$38.3K0.00%+52+6.9%Added
Los Angeles Capital Management LLC691$34.6K0.00%+691New
Huntington National Bank697$33.0K0.00%00.0%Unchanged
AdvisorNet Financial, Inc594$28.2K0.00%+17+2.9%Added
GAMMA Investing LLC586$27.8K0.00%−215−26.8%Reduced
Bokf, NA582$27.6K0.00%00.0%Unchanged
Caitlin John, LLC566$26.8K0.02%−258−31.3%Reduced
Larson Financial Group LLC554$26.3K0.00%+166+42.8%Added