Innovative Industrial ProperIIPR
13F holders, Q1 2025 (March 31)At the end of Q1 2025, 327 institutions reported holding Innovative Industrial Proper (IIPR) in their 13F filings, down 32 from Q4 2024. 42 opened new positions and 71 sold out. The largest holders were BlackRock, Inc. ($265.0M), Vanguard Group Inc. ($241.7M) and State Street Corp. ($91.7M). 5 famous investors held it, including David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio), Israel Englander (0.0% of Millennium Management's portfolio) and Steve Cohen (0.0% of Point72 Asset Management's portfolio).
- Company
- Innovative Industrial Proper
- CUSIP
- 45781V101
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 42 | $20.8M |
| Exits | 71 | $60.4M |
All 13F filers, Q4 2024 → Q1 2025: 1,538,416 shares bought and 2,048,166 shares sold, net −509,750 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 327 holders
| BlackRock, Inc. | 0.01% | Reduce -3.1% | 4,899,198 | $265.0M |
| Vanguard Group Inc. | 0.00% | Add +1.0% | 4,469,353 | $241.7M |
| State Street Corp. | 0.00% | Reduce -2.3% | 1,638,740 | $91.7M |
| Morgan Stanley | 0.00% | Add +17.8% | 509,294 | $27.5M |
| Charles Schwab Investment Management Inc. | 0.00% | Reduce -0.6% | 461,669 | $25.0M |
| Northern Trust Corp. | 0.00% | Reduce -1.0% | 431,454 | $23.3M |
| Bank of New York Mellon Corp | 0.00% | Reduce -0.2% | 377,754 | $20.4M |
| Dimensional Fund Advisors LP | 0.00% | Add +0.9% | 345,178 | $18.7M |
| Invesco Ltd. | 0.00% | Reduce -2.2% | 271,897 | $14.7M |
| Goldman Sachs Group Inc. | 0.00% | Add +6.7% | 211,365 | $11.4M |
| Pacer Advisors, Inc. | 0.03% | Reduce -67.0% | 207,970 | $11.2M |
| D. E. Shaw & Co. | 0.01% | Add +79.8% | 202,936 | $11.0M |
| Voloridge Investment Management, LLC | 0.04% | Add +104.7% | 199,525 | $10.8M |
| Legal & General Group Plc | 0.00% | Reduce -0.2% | 192,986 | $10.4M |
| Millennium Management | 0.01% | Add +1131.0% | 157,509 | $8.5M |
| Principal Financial Group Inc. | 0.00% | Add +2.6% | 155,355 | $8.4M |
| Jupiter Asset Management Ltd. | 0.08% | Reduce -15.1% | 150,905 | $8.2M |
| Balyasny Asset Management L.P. | 0.02% | Add +3.0% | 148,660 | $8.0M |
| Thrivent Financial for Lutherans | 0.02% | Add +81.7% | 130,005 | $7.0M |
| JPMorgan Chase & Co. | 0.00% | Reduce -11.2% | 119,356 | $6.5M |
| LSV Asset Management | 0.02% | Reduce -1.1% | 119,200 | $6.4M |
| Cambiar Investors LLC | 0.26% | Add +3.3% | 111,845 | $6.0M |
| Jane Street Group, LLC | 0.01% | Add +132.7% | 106,303 | $5.7M |
| Nuveen, LLC | 0.00% | — | 105,673 | $5.7M |
| Public Sector Pension Investment Board | 0.02% | Add +48.9% | 105,113 | $5.7M |
| Rhumbline Advisers | 0.00% | Add +0.5% | 94,632 | $5.1M |
| Arrowstreet Capital, Limited Partnership | 0.00% | New | 91,151 | $4.9M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.01% | Reduce -4.0% | 87,404 | $4.7M |
| Cubist Systematic Strategies, LLC | 0.06% | Add +55.5% | 79,295 | $4.3M |
| Ameriprise Financial Inc. | 0.00% | Reduce -2.4% | 79,268 | $4.2M |
| Geode Capital Management, LLC | 0.00% | Add +29.0% | 71,181 | $3.9M |
| Alliancebernstein L.P. | 0.00% | Add +0.0% | 63,617 | $3.4M |
| CANADA LIFE ASSURANCE Co | 0.01% | Add +5.7% | 63,018 | $3.4M |
| Susquehanna International Group, LLP | 0.01% | Add +16.8% | 62,703 | $3.4M |
| Zimmer Partners, LP | 0.07% | No change | 62,240 | $3.4M |
| Koa Wealth Management, LLC | 2.63% | Add +88.5% | 60,174 | $3.3M |
| Squarepoint Ops LLC | 0.01% | Add +269.6% | 59,584 | $3.2M |
| Jump Financial, LLC | 0.05% | Add +352.6% | 57,246 | $3.1M |
| SG Americas Securities, LLC | 0.01% | Add +660.7% | 57,199 | $3.1M |
| Schonfeld Strategic Advisors LLC | 0.02% | Add +240.7% | 56,893 | $3.1M |
| US Bancorp \de | 0.00% | Reduce -0.1% | 56,682 | $3.1M |
| HRT Financial LP | 0.02% | New | 55,681 | $3.0M |
| Swiss National Bank | 0.00% | Reduce -1.4% | 54,900 | $3.0M |
| New Age Alpha Advisors, LLC | 0.13% | New | 54,005 | $2.9M |
| Citigroup Inc. | 0.00% | Add +13.3% | 51,138 | $2.8M |
| Segall Bryant & Hamill, LLC | 0.04% | Reduce -2.6% | 49,177 | $2.7M |
| Wedge Capital Management L L P | 0.05% | Add +28.7% | 48,507 | $2.6M |
| Tidal Investments LLC | 0.02% | Reduce -65.9% | 46,000 | $2.5M |
| Intech Investment Management LLC | 0.03% | Add +83.7% | 45,431 | $2.5M |
| New York State Teachers Retirement System | 0.01% | Reduce -7.4% | 45,171 | $2.4M |
| TrueWealth Advisors, LLC | 0.78% | Add +58.2% | 43,760 | $2.4M |
| Engineers Gate Manager LP | 0.04% | Add +99.2% | 42,031 | $2.3M |
| Asset Management One Co., Ltd. | 0.01% | Reduce -1.7% | 41,098 | $2.2M |
| Quinn Opportunity Partners LLC | 0.16% | Add +24.2% | 41,000 | $2.2M |
| Citadel Advisors | 0.00% | Add +23.5% | 40,163 | $2.2M |
| Macquarie Group Ltd. | 0.00% | Add +0.9% | 40,143 | $2.2M |
| Public Employees Retirement System of Ohio | 0.01% | Reduce -0.6% | 39,993 | $2.2M |
| AXA S.A. | 0.01% | New | 39,278 | $2.1M |
| Nomura Asset Management Co. Ltd. | 0.01% | Add +3.4% | 38,500 | $2.1M |
| LPL Financial LLC | 0.00% | Reduce -3.9% | 38,358 | $2.1M |
| Barclays PLC | 0.00% | Reduce -25.4% | 37,860 | $2.0M |
| Quantbot Technologies LP | 0.06% | Add +308.8% | 35,303 | $1.9M |
| Bridgeway Capital Management, LLC | 0.05% | No change | 35,000 | $1.9M |
| MML Investors Services, LLC | 0.01% | Reduce -1.3% | 34,806 | $1.9M |
| Deutsche Bank AG | 0.00% | Reduce -2.5% | 33,311 | $1.8M |
| UBS Group AG | 0.00% | Add +135.2% | 33,222 | $1.8M |
| Exchange Traded Concepts, LLC | 0.03% | Add +100.2% | 32,106 | $1.7M |
| Sumitomo Mitsui Trust Group, Inc. | 0.00% | Reduce -1.3% | 30,503 | $1.6M |
| Y-Intercept (Hong Kong) Ltd | 0.11% | Reduce -33.1% | 30,455 | $1.6M |
| State of Alaska, Department of Revenue | 0.02% | Reduce -0.7% | 29,363 | $1.6M |
| Twinbeech Capital LP | 0.03% | Add +54.0% | 28,657 | $1.6M |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -12.8% | 28,339 | $1.5M |
| Prudential Financial Inc. | 0.00% | Reduce -3.8% | 27,789 | $1.5M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Add +1.5% | 27,727 | $1.5M |
| Janus Henderson Group PLC | 0.00% | Reduce -3.7% | 23,286 | $1.5M |
| AQR Capital Management | 0.00% | New | 27,183 | $1.5M |
| BNP Paribas Financial Markets | 0.00% | Add +148.3% | 27,010 | $1.5M |
| T. Rowe Price Associates Inc. | 0.00% | Add +8.2% | 26,520 | $1.4M |
| California State Teachers Retirement System | 0.00% | Reduce -2.2% | 25,888 | $1.4M |
| HSBC Holdings PLC | 0.00% | Add +8.1% | 25,825 | $1.4M |
| Manufacturers Life Insurance Company, The | 0.00% | Add +1.6% | 24,567 | $1.3M |
| PEAK6 LLC | 0.05% | Reduce -13.7% | 23,855 | $1.3M |
| Franklin Resources Inc. | 0.00% | Add +8.3% | 23,697 | $1.3M |
| Versor Investments LP | 0.20% | New | 22,245 | $1.2M |
| Point72 Asset Management | 0.00% | Reduce -63.2% | 21,359 | $1.2M |
| Capital Fund Management S.A. | 0.01% | Reduce -11.8% | 19,615 | $1.1M |
| Dark Forest Capital Management LP | 0.05% | Add +396.0% | 19,264 | $1.0M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | Add +5.5% | 19,234 | $1.0M |
| Allianz Asset Management GmbH | 0.00% | New | 17,510 | $947K |
| MetLife Investment Management, LLC | 0.01% | Reduce -1.7% | 17,457 | $944K |
| RD Lewis Holdings, Inc. | 1.07% | Add +12.4% | 16,910 | $944K |
| Sunbelt Securities, Inc. | 0.08% | Add +16.4% | 17,283 | $935K |
| Wells Fargo & Company | 0.00% | Add +3.1% | 17,060 | $923K |
| American Century Companies Inc. | 0.00% | Add +3.3% | 16,683 | $902K |
| Klein Pavlis & Peasley Financial, Inc. | 0.64% | Add +26.9% | 15,980 | $892K |
| Pathstone Holdings, LLC | 0.00% | Reduce -8.9% | 16,290 | $882K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.01% | Add +4.8% | 15,893 | $860K |
| Victory Capital Management Inc. | 0.00% | Reduce -51.0% | 15,468 | $837K |
| Corient Private Wealth LP | 0.00% | Add +0.8% | 15,413 | $834K |
| Amundi | 0.00% | Add +3.4% | 15,766 | $826K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 15,232 | $824K |
| Quadrature Capital Ltd | 0.02% | Reduce -28.8% | 14,802 | $800K |
| Corebridge Financial, Inc. | 0.00% | Reduce -1.9% | 14,722 | $796K |
| Callan Capital, LLC | 0.06% | No change | 14,590 | $789K |
| Illinois Municipal Retirement Fund | 0.01% | Reduce -7.9% | 14,479 | $783K |
| Vident Advisory, LLC | 0.01% | Add +24.2% | 14,362 | $777K |
| Resona Asset Management Co.,Ltd. | 0.00% | Add +8.7% | 12,299 | $774K |
| Royal Bank of Canada | 0.00% | Add +34.4% | 14,318 | $773K |
| Martingale Asset Management L P | 0.02% | Reduce -42.1% | 13,879 | $751K |
| Cetera Investment Advisers | 0.00% | Add +3.9% | 13,762 | $744K |
| Louisiana State Employees Retirement System | 0.01% | Reduce -2.9% | 13,300 | $719K |
| Truist Financial Corp. | 0.00% | Add +12.7% | 13,126 | $710K |
| Kestra Investment Management, LLC | 0.01% | Reduce -12.7% | 12,916 | $699K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -6.4% | 12,006 | $689K |
| Russell Investments Group, Ltd. | 0.00% | Add +34.7% | 12,705 | $687K |
| Centaurus Financial, Inc. | 0.04% | Add +33.3% | 12,630 | $683K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 6,473 | $676K |
| Caption Management, LLC | 0.03% | Reduce -29.6% | 11,896 | $643K |
| IMA Advisory Services, Inc. | 0.07% | Reduce -26.0% | 10,845 | $607K |
| Osaic Holdings, Inc. | 0.00% | Reduce -20.4% | 10,993 | $595K |
| PFG Investments, LLC | 0.04% | Reduce -10.9% | 10,839 | $586K |
| Penserra Capital Management LLC | 0.01% | Reduce -57.7% | 10,432 | $564K |
| Daiwa Securities Group Inc. | 0.00% | Add +3.9% | 9,671 | $523K |
| Bank of America Corp. | 0.00% | Reduce -44.2% | 9,347 | $506K |
| Teachers Retirement System of the State of Kentucky | 0.00% | No change | 9,076 | $491K |
| Bayforest Capital Ltd | 0.21% | New | 9,064 | $490K |
| New York State Common Retirement Fund | 0.00% | No change | 8,836 | $478K |
| KLP Kapitalforvaltning As | 0.00% | No change | 8,400 | $468K |
| State of Wisconsin Investment Board | 0.00% | Add +4.4% | 8,613 | $466K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Reduce -20.0% | 8,509 | $460K |
| Avantax Advisory Services, Inc. | 0.00% | Reduce -10.9% | 8,503 | $460K |
| Pensionfund PDN | 0.30% | No change | 8,400 | $454K |
| Maryland State Retirement & Pension System | 0.01% | Reduce -13.0% | 8,263 | $447K |
| Arizona State Retirement System | 0.00% | Reduce -1.2% | 8,127 | $440K |
| Amalgamated Bank | 0.00% | Reduce -3.3% | 8,096 | $438K |
| UniSuper Management Pty Ltd | 0.00% | No change | 7,900 | $427K |
| Two Sigma Advisers, LP | 0.00% | Reduce -13.3% | 7,800 | $422K |
| Two Sigma Investments, LP | 0.00% | New | 7,744 | $419K |
| Mariner, LLC | 0.00% | Reduce -12.3% | 7,719 | $418K |
| Voya Investment Management LLC | 0.00% | Reduce -9.7% | 7,607 | $411K |
| Assetmark, Inc. | 0.00% | Reduce -18.7% | 7,519 | $407K |
| Wolverine Trading, LLC | 0.01% | Add +87.9% | 6,239 | $398K |
| Ethos Financial Group, LLC | 0.04% | New | 7,319 | $396K |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.00% | No change | 6,975 | $377K |
| Sterling Capital Management LLC | 0.01% | Add +7.8% | 6,918 | $374K |
| Raymond James Financial Inc. | 0.00% | Reduce -20.0% | 6,809 | $368K |
| Mercer Global Advisors Inc. | 0.00% | Add +4.9% | 6,774 | $366K |
| Western Wealth Management, LLC | 0.02% | Reduce -2.3% | 6,717 | $363K |
| ProShare Advisors LLC | 0.00% | Reduce -21.9% | 6,640 | $359K |
| Baader Bank Aktiengesellschaft | 0.04% | Add +18.8% | 6,774 | $352K |
| Oregon Public Employees Retirement Fund | 0.01% | Reduce -3.0% | 6,449 | $349K |
| Cibc World Markets Corp. | 0.00% | New | 6,254 | $338K |
| Cambria Investment Management, L.P. | 0.02% | Add +36.6% | 6,062 | $328K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 6,000 | $325K |
| OMERS ADMINISTRATION Corp | 0.00% | New | 6,000 | $325K |
| First Trust Advisors LP | 0.00% | Reduce -93.8% | 5,752 | $311K |
| IFM Investors Pty Ltd | 0.00% | Reduce -13.2% | 5,661 | $306K |
| Jones Financial Companies LLLP | 0.00% | Reduce -7.8% | 4,728 | $301K |
| Van Eck Associates Corp. | 0.00% | Add +4.2% | 5,572 | $301K |
| SummitTX Capital, L.P. | 0.01% | — | 5,551 | $300K |
| 1620 Investment Advisors, Inc. | 0.24% | Reduce -2.3% | 5,551 | $300K |
| Dynamic Advisor Solutions LLC | 0.01% | Reduce -0.3% | 5,530 | $299K |
| Pictet Asset Management Holding SA | 0.00% | Reduce -35.2% | 5,517 | $298K |
| Yousif Capital Management, LLC | 0.00% | Reduce -3.3% | 5,411 | $293K |
| Hancock Whitney Corp. | 0.01% | Add +1.9% | 5,365 | $290K |
| HighTower Advisors, LLC | 0.00% | New | 5,347 | $289K |
| STRS Ohio | 0.00% | No change | 5,300 | $287K |
| Pinebridge Investments, L.P. | 0.00% | Add +12.9% | 5,280 | $286K |
| Polymer Capital Management (US) LLC | 0.08% | New | 5,127 | $277K |
| Sei Investments Co. | 0.00% | Add +25.9% | 5,102 | $276K |
| Entropy Technologies, LP | 0.03% | New | 5,090 | $275K |
| Inspire Advisors, LLC | 0.03% | New | 5,081 | $275K |
| Bank of Montreal | 0.00% | Add +10.5% | 5,030 | $272K |
| Janney Montgomery Scott LLC | 0.00% | Add +6.9% | 4,927 | $267K |
| QRG Capital Management, Inc. | 0.00% | Reduce -16.9% | 4,934 | $267K |
| Cynosure Group, LLC | 0.04% | Reduce -59.4% | 4,808 | $260K |
| EntryPoint Capital, LLC | 0.12% | Add +25.0% | 4,695 | $254K |
| Beacon Pointe Advisors, LLC | 0.00% | Add +11.3% | 4,484 | $243K |
| Aigen Investment Management, LP | 0.04% | New | 4,407 | $238K |
| Pensionfund Sabic | 0.07% | No change | 4,404 | $238K |
| Sigma Planning Corp | 0.01% | Add +1.2% | 4,377 | $237K |
| Nissay Asset Management Corp. /Japan | 0.00% | Add +2.5% | 4,332 | $234K |
| Mystic Asset Management, Inc. | 0.06% | Add +23.2% | 4,254 | $230K |
| Teacher Retirement System of Texas | 0.00% | Reduce -27.7% | 4,142 | $224K |
| Mutual of America Capital Management LLC | 0.00% | Reduce -3.9% | 4,132 | $224K |
| Magnetar Financial LLC | 0.00% | New | 4,006 | $217K |
| AlphaQuest LLC | 0.02% | Add +901.5% | 3,966 | $215K |
| Alps Advisors Inc. | 0.00% | New | 3,868 | $209K |
| Flagship Harbor Advisors, LLC | 0.01% | Reduce -26.8% | 3,845 | $208K |
| Patriot Financial Group Insurance Agency, LLC | 0.03% | Reduce -39.8% | 3,840 | $208K |
| Roberts Glore & Co. Inc. | 0.06% | Reduce -3.1% | 3,798 | $205K |
| Atom Investors LP | 0.02% | New | 3,712 | $201K |
| Covestor Ltd | 0.13% | Add +73.9% | 3,656 | $198K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -51.4% | 3,427 | $185K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 3,149 | $170K |
| Advisors Asset Management, Inc. | 0.00% | Add +37.8% | 3,115 | $168K |
| PNC Financial Services Group, Inc. | 0.00% | Add +26.6% | 3,011 | $163K |
| Ameritas Investment Partners, Inc. | 0.01% | No change | 2,948 | $159K |
| Cwm, LLC | 0.00% | Add +3.1% | 2,847 | $154K |
| Investors Research Corp | 0.03% | No change | 2,740 | $148K |
| Catalyst Capital Advisors LLC | 0.00% | No change | 2,390 | $129K |
| Point72 (DIFC) Ltd | 0.01% | Reduce -24.4% | 2,075 | $112K |
| Simplex Trading, LLC | 0.00% | Add +41.4% | 2,055 | $111K |
| MRP Capital Investments, LLC | 0.10% | Reduce -1.6% | 1,900 | $103K |
| Principal Securities, Inc. | 0.00% | Add +25.4% | 1,495 | $100K |
| Aster Capital Management (DIFC) Ltd | 0.01% | New | 1,127 | $81K |
| Bollard Group LLC | 0.00% | Add +2.9% | 1,460 | $79K |
| Anfield Capital Management, LLC | 0.03% | No change | 1,420 | $77K |
| KBC Group NV | 0.00% | No change | 1,289 | $70K |
| Sierra Ocean, LLC | 0.05% | Add +1.7% | 1,180 | $64K |
| Point72 Asia (Singapore) Pte. Ltd. | 0.01% | Add +22.0% | 1,025 | $55K |
| Coldstream Capital Management Inc. | 0.00% | New | 904 | $49K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Reduce -3.3% | 765 | $49K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -82.1% | 874 | $47K |
| Pilgrim Partners Asia Pte Ltd | 0.04% | No change | 860 | $47K |
| NFSG Corp | 0.01% | No change | 847 | $46K |
| Shell Asset Management Co. | 0.00% | Reduce -5.0% | 798 | $43K |
| Ssa Swiss Advisors AG | 0.02% | — | 605 | $43K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -4.8% | 748 | $42K |
| Signaturefd, LLC | 0.00% | Add +49.7% | 756 | $41K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -3.1% | 626 | $40K |
| NewEdge Advisors, LLC | 0.00% | Reduce -38.2% | 682 | $37K |
| BI Asset Management Fondsmaeglerselskab A/S | 0.00% | Reduce -91.4% | 661 | $36K |
| Independence Bank of Kentucky | 0.01% | Reduce -1.6% | 625 | $34K |
| PSI Advisors, LLC | 0.01% | Add +454.6% | 610 | $33K |
| GAMMA Investing LLC | 0.00% | Add +9.8% | 595 | $32K |
| GF Fund Management Co. LTD. | 0.00% | Add +4.3% | 537 | $29K |
| Bokf, NA | 0.00% | Reduce -86.3% | 525 | $28K |
| Fifth Third Bancorp | 0.00% | Add +30.6% | 504 | $27K |
| Flaharty Asset Management, LLC | 0.00% | New | 500 | $27K |
| CENTRAL TRUST Co | 0.00% | No change | 500 | $27K |
| Compass Financial Services Inc | 0.01% | Add +2.3% | 484 | $26K |
| Group One Trading LLC | 0.00% | Reduce -80.1% | 426 | $23K |
| Bogart Wealth, LLC | 0.00% | No change | 400 | $22K |
| AdvisorNet Financial, Inc | 0.00% | Add +21.6% | 372 | $20K |
| Larson Financial Group LLC | 0.00% | Add +0.8% | 368 | $20K |
| Headlands Technologies LLC | 0.00% | Reduce -51.7% | 362 | $20K |
| Huntington National Bank | 0.00% | Add +7.7% | 335 | $18K |
| Capital Analysts, LLC | 0.00% | Add +1.7% | 305 | $17K |
| Spire Wealth Management | 0.00% | No change | 310 | $17K |
| Sound Income Strategies, LLC | 0.00% | Add +2.3% | 306 | $17K |
| Quadrant Capital Group LLC | 0.00% | Add +35.1% | 300 | $16K |
| Horrell Capital Management, Inc. | 0.01% | No change | 250 | $14K |
| North Star Investment Management Corp. | 0.00% | Add +18.2% | 195 | $11K |
| Riverview Trust Co | 0.01% | No change | 188 | $10K |
| CKW Financial Group | 0.00% | No change | 173 | $10K |
| Clean Yield Group | 0.00% | Add +0.6% | 174 | $9K |
| Federation des caisses Desjardins du Quebec | 0.00% | No change | 173 | $9K |
| Orion Capital Management LLC | 0.00% | Add +73.7% | 172 | $9K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +22.3% | 170 | $9K |
| Arax Advisory Partners | 0.00% | Reduce -29.8% | 165 | $9K |
| UMB Bank, n.a. | 0.00% | New | 159 | $9K |
| Global X Japan Co., Ltd. | 0.00% | Reduce -15.2% | 156 | $8K |
| Harbor Capital Advisors, Inc. | 0.00% | New | 152 | $8K |
| MAI Capital Management | 0.00% | Reduce -39.7% | 146 | $8K |
| Parallel Advisors, LLC | 0.00% | Add +0.7% | 144 | $8K |
| Harbour Investments, Inc. | 0.00% | No change | 140 | $8K |
| Ancora Advisors LLC | 0.00% | No change | 127 | $7K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +40.0% | 119 | $6K |
| TD Waterhouse Canada Inc. | 0.00% | No change | 112 | $6K |
| Credit Agricole S A | 0.00% | No change | 103 | $6K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 114 | $5K |
| Crowley Wealth Management, Inc. | 0.01% | Reduce -72.2% | 100 | $5K |
| Clearstead Advisors, LLC | 0.00% | No change | 100 | $5K |
| Bell Investment Advisors, Inc | 0.00% | Add +30.1% | 95 | $5K |
| DHJJ Financial Advisors, Ltd. | 0.00% | No change | 93 | $5K |
| WealthCollab, LLC | 0.00% | New | 80 | $4K |
| Painted Porch Advisors LLC | 0.00% | No change | 75 | $4K |
| Bessemer Group Inc. | 0.00% | Reduce -22.1% | 74 | $4K |
| Versant Capital Management, Inc | 0.00% | New | 71 | $4K |
| Aspect Partners, LLC | 0.00% | Add +250.0% | 70 | $4K |
| Brooklyn Investment Group | 0.00% | New | 65 | $4K |
| Rothschild Investment LLC | 0.00% | Add +300.0% | 60 | $3K |
| Red Tortoise LLC | 0.00% | New | 52 | $3K |
| Quarry LP | 0.00% | New | 52 | $3K |
| Hughes Financial Services, LLC | 0.00% | New | 50 | $3K |
| Brown, Lisle/Cummings, Inc. | 0.00% | No change | 50 | $3K |
| GHP Investment Advisors, Inc. | 0.00% | New | 50 | $3K |
| Morton Brown Family Wealth, LLC | 0.00% | No change | 49 | $3K |
| Allworth Financial LP | 0.00% | Add +4.5% | 46 | $2K |
| Colonial Trust Advisors | 0.00% | No change | 45 | $2K |
| SVB Wealth LLC | 0.00% | New | 44 | $2K |
| Transce3nd, LLC | 0.00% | Reduce -37.3% | 42 | $2K |
| Cape Investment Advisory, Inc. | 0.00% | No change | 41 | $2K |
| Heritage Wealth Advisors | 0.00% | Add +2.9% | 36 | $2K |
| Private Wealth Management Group, LLC | 0.00% | No change | 35 | $2K |
| Toth Financial Advisory Corp. | 0.00% | No change | 35 | $2K |
| Geneos Wealth Management Inc. | 0.00% | New | 35 | $2K |
| GPS Wealth Strategies Group, LLC | 0.00% | Add +3.0% | 34 | $2K |
| Asset Dedication, LLC | 0.00% | Reduce -5.9% | 32 | $2K |
| SRH Advisors, LLC | 0.00% | No change | 30 | $2K |
| Rosenberg Matthew Hamilton | 0.00% | No change | 30 | $2K |
| Kozak & Associates, Inc. | 0.00% | Add +3.2% | 32 | $2K |
| Clark Wealth Partners | 0.00% | Add +3.7% | 28 | $2K |
| North Capital, Inc. | 0.00% | — | 28 | $2K |
| High Note Wealth, LLC | 0.00% | Add +107.7% | 27 | $1K |
| CoreCap Advisors, LLC | 0.00% | Reduce -21.9% | 25 | $1K |
| Medallion Wealth Advisors, LLC | 0.00% | New | 22 | $1K |
| Salem Investment Counselors Inc. | 0.00% | No change | 21 | $1K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 20 | $1K |
| Blue Trust, Inc. | 0.00% | Add +400.0% | 20 | $1K |
| IFS Advisors, LLC | 0.00% | No change | 20 | $1K |
| Tidemark, LLC | 0.00% | No change | 19 | $1K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -98.1% | 17 | $920 |
| Parkside Financial Bank & Trust | 0.00% | Add +128.6% | 16 | $866 |
| Physician Wealth Advisors, Inc. | 0.00% | New | 14 | $758 |
| Rise Advisors, LLC | 0.00% | New | 14 | $757 |
| CVA Family Office, LLC | 0.00% | New | 14 | $757 |
| Lindbrook Capital, LLC | 0.00% | No change | 11 | $595 |
| Beacon Capital Management, LLC | 0.00% | No change | 10 | $556 |
| Bare Financial Services, Inc | 0.00% | New | 10 | $541 |
| Steward Partners Investment Advisory, LLC | 0.00% | No change | 10 | $541 |
| Capital A Wealth Management, LLC | 0.00% | No change | 8 | $433 |
| Center for Financial Planning, Inc. | 0.00% | No change | 8 | $433 |
| Creekmur Asset Management LLC | 0.00% | Reduce -12.5% | 7 | $376 |
| Darwin Wealth Management, LLC | 0.00% | No change | 5 | $333 |
| MV Capital Management, Inc. | 0.00% | No change | 6 | $325 |
| Prestige Wealth Management Group LLC | 0.00% | No change | 5 | $271 |
| Stephens Consulting, LLC | 0.00% | New | 5 | $271 |
| Smallwood Wealth Investment Management, LLC | 0.00% | New | 4 | $216 |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.00% | No change | 3 | $162 |
| Abound Wealth Management | 0.00% | No change | 2 | $109 |
| Dunhill Financial, LLC | 0.00% | No change | 2 | $106 |
| Albion Financial Group | 0.00% | No change | 1 | $71 |
| Strategic Investment Solutions, Inc. | 0.00% | No change | 1 | $70 |
| True Wealth Design, LLC | 0.00% | New | 1 | $55 |
| Picton Mahoney Asset Management | 0.00% | No change | 9 | $0 |
"% of holder's portfolio" is IIPR's weight in each manager's 13F, not the share of Innovative Industrial Proper the manager owns.