Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in IIPR held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 4.8M | $239.8M | +1.0% | 16.734% | 0.00% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.7M | $136.9M | β | 9.551% | 0.01% |
| 3 | STATE STREET CORP | 1.6M | $82.6M | -1.1% | 5.553% | 0.00% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 1.2M | $62.3M | β | 4.347% | 0.00% |
| 5 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 574K | $28.8M | +6.1% | 2.008% | 0.00% |
| 6 | GOLDMAN SACHS GROUP INC | 542K | $27.2M | +6.4% | 1.897% | 0.00% |
| 7 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 540K | $27.1M | +3423.1% | 1.888% | 0.01% |
| 8 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 516K | $25.9M | +60.0% | 1.806% | 0.04% |
| 9 | Invesco Ltd. | 496K | $24.9M | +0.5% | 1.736% | 0.00% |
| 10 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 489K | $24.5M | +139.4% | 1.712% | 0.00% |
| 11 | Point72 Asset Management, L.P. | 465K | $23.3M | +151.8% | 1.627% | 0.03% |
| 12 | NORTHERN TRUST CORP | 380K | $19.1M | +7.6% | 1.331% | 0.00% |
| 13 | DIMENSIONAL FUND ADVISORS LP | 367K | $18.4M | +4.7% | 1.284% | 0.00% |
| 14 | D. E. Shaw & Co., Inc. | 363K | $18.2M | -23.3% | 1.269% | 0.02% |
| 15 | AlphaCore Capital LLC | 214K | $11.2M | +0.1% | 0.751% | 0.26% |
| 16 | MORGAN STANLEY | 207K | $10.4M | -20.1% | 0.725% | 0.00% |
| 17 | Bank of New York Mellon Corp | 191K | $9.6M | -1.9% | 0.670% | 0.00% |
| 18 | PRINCIPAL FINANCIAL GROUP INC | 184K | $9.2M | -0.1% | 0.643% | 0.00% |
| 19 | VANGUARD FIDUCIARY TRUST CO | 181K | $9.1M | β | 0.634% | 0.00% |
| 20 | Legal & General Group Plc | 178K | $9.0M | -8.0% | 0.625% | 0.00% |
| 21 | Pacer Advisors, Inc. | 130K | $6.5M | +12.3% | 0.456% | 0.02% |
| 22 | CITADEL ADVISORS LLC | 124K | $6.2M | +4.6% | 0.433% | 0.00% |
| 23 | FIRST TRUST ADVISORS LP | 100K | $5.0M | +20.4% | 0.351% | 0.00% |
| 24 | PUBLIC SECTOR PENSION INVESTMENT BOARD | 100K | $5.0M | +3.2% | 0.351% | 0.02% |
| 25 | GEODE CAPITAL MANAGEMENT, LLC | 98K | $4.9M | +27.5% | 0.343% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in IIPR β a direct measure of their conviction.
Filings activity in IIPR during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new IIPR position in Q1 2026
Institutions that fully closed their IIPR position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 296 | +2.4% | 57.12% | +4.73 pp | $987M | +9.0% |
| Q4 2025 | 289 | 2.0% | 52.39% | 4.72 pp | $906M | 8.3% |
| Q3 2025 | 295 | 3.3% | 57.11% | 2.99 pp | $987M | 5.0% |
| Q2 2025 | 305 | 3.8% | 60.10% | +0.57 pp | $1.04B | +1.0% |
| Q1 2025 | 317 | 7.8% | 59.53% | 16.35 pp | $1.03B | 22% |
| Q4 2024 | 344 | 13% | 75.88% | 71.08 pp | $1.31B | 48% |
| Q3 2024 | 397 | +4.5% | 146.96% | +18.79 pp | $2.54B | +15% |
| Q2 2024 | 380 | β | 128.17% | β | $2.22B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying IIPR stock.
Based on Q1 2026 13F filings, institutional ownership of Innovative Industrial Properties, Inc. stands at 57.1%, held across 296 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of IIPR, with approximately 4,781,589 shares worth $0.24B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of IIPR, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, Point72 Asset Management, L.P., CITADEL ADVISORS LLC.
Our composite Smart Money Score for IIPR is 72 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
46 institutions opened new positions in IIPR during Q1 2026, while 39 fully exited. 194 added to existing positions and 54 trimmed.
IIPR institutional ownership rose by 4.73 percentage points quarter-over-quarter, with a net change of +7 holders.
The top 10 institutions account for 68.9% of all reported 13F value in IIPR, and the top 25 account for 85.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.