Innovative Industrial ProperIIPR
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 293 institutions reported holding Innovative Industrial Proper (IIPR) in their 13F filings, down 16 from Q3 2025. 24 opened new positions and 43 sold out. The largest holders were BlackRock, Inc. ($224.3M), Vanguard Group Inc. ($202.2M) and State Street Corp. ($79.0M). 5 famous investors held it, including David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio), Steve Cohen (0.0% of Point72 Asset Management's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- Innovative Industrial Proper
- CUSIP
- 45781V101
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 24 | $11.3M |
| Exits | 43 | $13.8M |
All 13F filers, Q3 2025 → Q4 2025: 1,401,749 shares bought and 717,602 shares sold, net +684,147 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 293 holders
| BlackRock, Inc. | 0.00% | Add +1.8% | 4,736,302 | $224.3M |
| Vanguard Group Inc. | 0.00% | Add +0.1% | 4,269,947 | $202.2M |
| State Street Corp. | 0.00% | Reduce -0.5% | 1,605,155 | $79.0M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +4.6% | 540,742 | $25.6M |
| Goldman Sachs Group Inc. | 0.00% | Add +26.2% | 509,124 | $24.1M |
| Invesco Ltd. | 0.00% | Add +12.1% | 493,507 | $23.4M |
| D. E. Shaw & Co. | 0.02% | Add +21.9% | 473,046 | $22.4M |
| Northern Trust Corp. | 0.00% | Reduce -2.3% | 353,313 | $16.7M |
| Dimensional Fund Advisors LP | 0.00% | Add +4.9% | 350,367 | $16.6M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.02% | Add +6.0% | 322,678 | $15.3M |
| Morgan Stanley | 0.00% | Reduce -17.1% | 259,534 | $12.3M |
| Millennium Management | 0.01% | Add +128.9% | 250,053 | $11.8M |
| AlphaCore Capital LLC | 0.23% | Add +1.4% | 214,282 | $10.1M |
| Bank of New York Mellon Corp | 0.00% | Reduce -43.3% | 195,040 | $9.2M |
| Legal & General Group Plc | 0.00% | Add +13.4% | 193,926 | $9.2M |
| Point72 Asset Management | 0.01% | Add +235.3% | 184,617 | $8.7M |
| Principal Financial Group Inc. | 0.00% | Add +10.3% | 184,039 | $8.7M |
| JPMorgan Chase & Co. | 0.00% | Add +10.4% | 166,226 | $7.9M |
| Thrivent Financial for Lutherans | 0.01% | Add +5.7% | 142,325 | $6.7M |
| Edgestream Partners, L.P. | 0.17% | Add +136.6% | 126,158 | $6.0M |
| Pacer Advisors, Inc. | 0.01% | Reduce -20.2% | 115,965 | $5.5M |
| LSV Asset Management | 0.01% | Reduce -1.3% | 109,300 | $5.2M |
| Public Sector Pension Investment Board | 0.02% | Reduce -11.2% | 97,106 | $4.6M |
| Norges Bank | 0.00% | — | 94,400 | $4.5M |
| Nuveen, LLC | 0.00% | Reduce -1.8% | 92,361 | $4.4M |
| Victory Capital Management Inc. | 0.00% | Add +42.7% | 85,039 | $4.0M |
| Rhumbline Advisers | 0.00% | Reduce -5.6% | 84,819 | $4.0M |
| First Trust Advisors LP | 0.00% | Add +17.4% | 83,294 | $3.9M |
| Geode Capital Management, LLC | 0.00% | Add +3.1% | 76,932 | $3.7M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.02% | New | 72,550 | $3.4M |
| TrueWealth Advisors, LLC | 0.87% | Reduce -2.0% | 71,175 | $3.4M |
| MML Investors Services, LLC | 0.01% | Add +35.5% | 71,174 | $3.4M |
| CANADA LIFE ASSURANCE Co | 0.01% | Add +2.6% | 69,727 | $3.3M |
| Quinn Opportunity Partners LLC | 0.14% | No change | 66,500 | $3.1M |
| Ameriprise Financial Inc. | 0.00% | Reduce -6.7% | 67,014 | $3.1M |
| Bessemer Group Inc. | 0.00% | Add +37968.3% | 63,574 | $3.0M |
| US Bancorp \de | 0.00% | Add +4.6% | 59,315 | $2.8M |
| AQR Capital Management | 0.00% | Reduce -6.7% | 56,254 | $2.7M |
| Swiss National Bank | 0.00% | Add +2.2% | 55,300 | $2.6M |
| Tidal Investments LLC | 0.01% | Reduce -7.0% | 52,939 | $2.5M |
| Prudential Financial Inc. | 0.00% | Add +32.1% | 50,337 | $2.4M |
| Engineers Gate Manager LP | 0.03% | Add +94.3% | 49,446 | $2.3M |
| Segall Bryant & Hamill, LLC | 0.03% | Add +0.1% | 47,234 | $2.2M |
| HSBC Holdings PLC | 0.00% | Add +22.2% | 45,089 | $2.1M |
| Barclays PLC | 0.00% | Add +10.1% | 44,435 | $2.1M |
| Wedge Capital Management L L P | 0.04% | Reduce -2.2% | 43,022 | $2.0M |
| Nomura Asset Management Co. Ltd. | 0.01% | Add +5.2% | 42,320 | $2.0M |
| Y-Intercept (Hong Kong) Ltd | 0.04% | Add +28.0% | 41,873 | $2.0M |
| New York State Teachers Retirement System | 0.00% | Reduce -1.3% | 41,694 | $2.0M |
| Asset Management One Co., Ltd. | 0.01% | Add +0.9% | 39,425 | $2.0M |
| Franklin Resources Inc. | 0.00% | Add +44.2% | 39,514 | $1.9M |
| Public Employees Retirement System of Ohio | 0.01% | Reduce -3.2% | 38,614 | $1.8M |
| Citigroup Inc. | 0.00% | Add +20.1% | 37,310 | $1.8M |
| CSM Advisors, LLC | 0.05% | New | 36,718 | $1.7M |
| Alliancebernstein L.P. | 0.00% | Reduce -2.6% | 36,551 | $1.7M |
| Macquarie Group Ltd. | 0.01% | Reduce -0.4% | 36,036 | $1.7M |
| Exchange Traded Concepts, LLC | 0.01% | Add +17.4% | 34,582 | $1.6M |
| Balyasny Asset Management L.P. | 0.00% | Reduce -49.2% | 32,689 | $1.5M |
| Cresset Asset Management, LLC | 0.01% | Add +0.7% | 31,320 | $1.5M |
| Wells Fargo & Company | 0.00% | Add +46.2% | 31,161 | $1.5M |
| Sumitomo Mitsui Trust Group, Inc. | 0.00% | Reduce -1.4% | 31,062 | $1.5M |
| Deutsche Bank AG | 0.00% | Add +4.5% | 30,531 | $1.4M |
| Martingale Asset Management L P | 0.04% | Add +30.0% | 29,524 | $1.4M |
| State of Alaska, Department of Revenue | 0.01% | Add +1.4% | 29,483 | $1.4M |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -0.6% | 29,035 | $1.4M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Reduce -0.0% | 27,954 | $1.3M |
| LPL Financial LLC | 0.00% | Reduce -16.2% | 27,705 | $1.3M |
| Capital Fund Management S.A. | 0.01% | Add +5.6% | 27,406 | $1.3M |
| Mackenzie Financial Corp. | 0.00% | Reduce -1.2% | 25,827 | $1.3M |
| Dark Forest Capital Management LP | 0.06% | Add +294.3% | 26,679 | $1.3M |
| Allianz Asset Management GmbH | 0.00% | Reduce -0.7% | 26,674 | $1.3M |
| California State Teachers Retirement System | 0.00% | Reduce -0.1% | 26,129 | $1.2M |
| Sunbelt Securities, Inc. | 0.08% | Add +25.6% | 25,760 | $1.2M |
| Marshall Wace, LLP | 0.00% | New | 25,431 | $1.2M |
| SG Americas Securities, LLC | 0.00% | Add +110.4% | 24,928 | $1.2M |
| Commonwealth Equity Services, LLC | 0.00% | Add +2.3% | 24,013 | $1.1M |
| Penserra Capital Management LLC | 0.01% | Add +24.4% | 23,780 | $1.1M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 21,410 | $1.1M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -3.5% | 22,146 | $1.0M |
| Cetera Investment Advisers | 0.00% | Reduce -12.5% | 22,126 | $1.0M |
| Summit Global Investments | 0.06% | Reduce -2.9% | 21,349 | $1.0M |
| TrueMark Investments, LLC | 0.19% | New | 20,743 | $982K |
| Susquehanna International Group, LLP | 0.00% | Add +155.3% | 20,275 | $960K |
| American Century Companies Inc. | 0.00% | Add +51.5% | 20,121 | $953K |
| Nomura Asset Management International Inc. | 0.00% | — | 20,071 | $951K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -46.9% | 18,417 | $909K |
| Jane Street Group, LLC | 0.00% | Reduce -33.6% | 18,601 | $881K |
| OMERS ADMINISTRATION Corp | 0.01% | No change | 16,700 | $791K |
| Bank of America Corp. | 0.00% | Add +26.5% | 16,693 | $791K |
| Intech Investment Management LLC | 0.01% | Reduce -41.1% | 16,627 | $787K |
| MetLife Investment Management, LLC | 0.00% | Reduce -5.8% | 16,421 | $778K |
| Brookwood Investment Group LLC | 0.09% | New | 16,385 | $776K |
| Amundi | 0.00% | Add +15.2% | 16,330 | $773K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Add +3330.1% | 16,087 | $762K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Reduce -1.2% | 15,957 | $756K |
| Arrowstreet Capital, Limited Partnership | 0.00% | New | 15,316 | $725K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 14,851 | $703K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 6,473 | $700K |
| UBS Group AG | 0.00% | Reduce -31.9% | 14,775 | $700K |
| Illinois Municipal Retirement Fund | 0.01% | Reduce -2.5% | 14,359 | $680K |
| Centaurus Financial, Inc. | 0.03% | Add +1.8% | 13,860 | $656K |
| Osaic Holdings, Inc. | 0.00% | Reduce -38.6% | 13,429 | $638K |
| Janus Henderson Group PLC | 0.00% | No change | 12,925 | $613K |
| Louisiana State Employees Retirement System | 0.01% | Reduce -0.8% | 12,800 | $606K |
| Freestone Grove Partners LP | 0.00% | Add +2.0% | 12,467 | $590K |
| Resona Asset Management Co.,Ltd. | 0.00% | Reduce -5.6% | 11,672 | $579K |
| KLP Kapitalforvaltning As | 0.00% | Add +3.6% | 11,500 | $563K |
| Black Swift Group, LLC | 0.09% | Add +5.8% | 18,835 | $561K |
| Advisors Asset Management, Inc. | 0.01% | Add +4.7% | 11,550 | $547K |
| Guggenheim Capital LLC | 0.00% | New | 11,445 | $542K |
| Citadel Advisors | 0.00% | Reduce -53.3% | 11,101 | $526K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +24.7% | 11,043 | $523K |
| RD Lewis Holdings, Inc. | 0.44% | Reduce -43.5% | 10,717 | $519K |
| Quantinno Capital Management LP | 0.00% | Add +13.8% | 10,832 | $513K |
| Campbell & CO Investment Adviser LLC | 0.02% | Add +64.3% | 10,832 | $513K |
| Daiwa Securities Group Inc. | 0.00% | Add +3.9% | 10,577 | $501K |
| IMC-Chicago, LLC | 0.01% | New | 10,572 | $501K |
| Two Sigma Advisers, LP | 0.00% | No change | 10,500 | $497K |
| Cambria Investment Management, L.P. | 0.03% | Add +0.0% | 10,364 | $491K |
| Brevan Howard Capital Management LP | 0.01% | Add +87.0% | 10,081 | $477K |
| Verition Fund Management LLC | 0.00% | Reduce -32.6% | 10,026 | $475K |
| Vident Advisory, LLC | 0.00% | Reduce -14.3% | 9,964 | $472K |
| Ethos Financial Group, LLC | 0.03% | Reduce -6.5% | 9,756 | $462K |
| New York State Common Retirement Fund | 0.00% | No change | 9,736 | $461K |
| Sterling Capital Management LLC | 0.01% | Add +399.6% | 9,612 | $455K |
| Sigma Planning Corp | 0.01% | Add +10.1% | 8,737 | $414K |
| Versor Investments LP | 0.06% | Add +71.0% | 8,428 | $399K |
| Pensionfund PDN | 0.26% | No change | 8,400 | $398K |
| AlphaQuest LLC | 0.02% | Add +1.0% | 8,274 | $392K |
| Aberdeen Group plc | 0.00% | Add +32.5% | 8,204 | $389K |
| Amalgamated Bank | 0.00% | Reduce -1.6% | 8,135 | $385K |
| BNP Paribas Financial Markets | 0.00% | Reduce -69.9% | 8,056 | $382K |
| Roberts Glore & Co. Inc. | 0.10% | Add +109.2% | 7,950 | $377K |
| Arizona State Retirement System | 0.00% | Reduce -5.9% | 7,799 | $369K |
| Royal Bank of Canada | 0.00% | Reduce -2.4% | 7,749 | $366K |
| Cerity Partners LLC | 0.00% | Add +37.5% | 7,584 | $359K |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.00% | Add +41.8% | 7,535 | $357K |
| Van Eck Associates Corp. | 0.00% | Add +9.8% | 7,436 | $352K |
| PFG Investments, LLC | 0.02% | Reduce -8.1% | 7,069 | $335K |
| Teachers Retirement System of the State of Kentucky | 0.00% | Reduce -11.6% | 7,032 | $333K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Reduce -8.8% | 7,019 | $332K |
| PEAK6 LLC | 0.01% | Reduce -59.6% | 6,894 | $327K |
| Metis Global Partners, LLC | 0.01% | Add +5.0% | 6,630 | $314K |
| Oregon Public Employees Retirement Fund | 0.00% | Add +1.6% | 6,412 | $304K |
| Nomura Holdings Inc. | 0.00% | New | 6,308 | $299K |
| Sei Investments Co. | 0.00% | Reduce -0.2% | 5,945 | $282K |
| Mystic Asset Management, Inc. | 0.06% | Add +7.6% | 5,919 | $280K |
| First Citizens Bank & Trust Co. | 0.01% | Reduce -0.6% | 5,739 | $272K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Reduce -0.6% | 5,738 | $272K |
| Pinebridge Investments LLC | 0.00% | — | 5,716 | $271K |
| Russell Investments Group, Ltd. | 0.00% | Reduce -54.5% | 5,605 | $265K |
| UniSuper Management Pty Ltd | 0.00% | Reduce -29.1% | 5,600 | $265K |
| Oppenheimer & Co. Inc. | 0.00% | Add +0.5% | 5,563 | $263K |
| Baader Bank Aktiengesellschaft | 0.02% | Reduce -15.5% | 5,597 | $263K |
| Raymond James Financial Inc. | 0.00% | Reduce -12.4% | 5,542 | $262K |
| Corient Private Wealth LP | 0.00% | Add +18.9% | 5,358 | $260K |
| ProShare Advisors LLC | 0.00% | Add +3.2% | 5,408 | $256K |
| Janney Montgomery Scott LLC | 0.00% | Add +33.6% | 5,386 | $255K |
| Massar Capital Management, LP | 0.05% | New | 5,015 | $238K |
| STRS Ohio | 0.00% | No change | 5,000 | $237K |
| Voya Investment Management LLC | 0.00% | Reduce -2.2% | 4,989 | $236K |
| SMH Capital Advisors Inc. | 0.47% | No change | 4,890 | $232K |
| Catalyst Capital Advisors LLC | 0.00% | No change | 4,890 | $232K |
| Quantbot Technologies LP | 0.01% | Reduce -4.3% | 4,809 | $228K |
| Cwm, LLC | 0.00% | Reduce -14.5% | 4,746 | $225K |
| Allworth Financial LP | 0.00% | Add +4.6% | 4,714 | $223K |
| Nissay Asset Management Corp. /Japan | 0.00% | Add +3.9% | 4,696 | $222K |
| Jones Financial Companies LLLP | 0.00% | Add +10.1% | 4,542 | $215K |
| Yousif Capital Management, LLC | 0.00% | Reduce -1.7% | 4,260 | $212K |
| Pensionfund Sabic | 0.06% | No change | 4,404 | $209K |
| 1620 Investment Advisors, Inc. | 0.14% | Reduce -10.4% | 4,318 | $205K |
| Arrow Investment Advisors, LLC | 0.23% | New | 4,314 | $204K |
| Flagship Harbor Advisors, LLC | 0.01% | New | 3,366 | $159K |
| Covestor Ltd | 0.08% | Reduce -14.1% | 3,223 | $153K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 3,149 | $149K |
| Kestra Advisory Services, LLC | 0.00% | New | 3,119 | $148K |
| PNC Financial Services Group, Inc. | 0.00% | Add +9.6% | 2,991 | $142K |
| Virtus Advisers, LLC | 0.07% | New | 2,852 | $135K |
| Investors Research Corp | 0.02% | Reduce -1.5% | 2,700 | $128K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 2,322 | $110K |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +21.5% | 2,314 | $110K |
| NewEdge Advisors, LLC | 0.00% | Add +1551.2% | 2,130 | $101K |
| Bollard Group LLC | 0.00% | Add +3.6% | 1,702 | $81K |
| Canada Pension Plan Investment Board | 0.00% | New | 1,600 | $76K |
| Anfield Capital Management, LLC | 0.02% | No change | 1,420 | $67K |
| Farther Finance Advisors, LLC | 0.00% | Add +0.9% | 1,402 | $66K |
| Rockefeller Capital Management L.P. | 0.00% | Add +2.8% | 1,396 | $66K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +86.0% | 1,356 | $64K |
| Hantz Financial Services, Inc. | 0.00% | Add +51.0% | 1,336 | $63K |
| KBC Group NV | 0.00% | No change | 1,301 | $62K |
| NFSG Corp | 0.01% | No change | 947 | $45K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +33.4% | 819 | $39K |
| Signaturefd, LLC | 0.00% | Add +6.9% | 809 | $38K |
| Los Angeles Capital Management LLC | 0.00% | New | 691 | $35K |
| Huntington National Bank | 0.00% | No change | 697 | $33K |
| AdvisorNet Financial, Inc | 0.00% | Add +3.0% | 594 | $28K |
| GAMMA Investing LLC | 0.00% | Reduce -26.8% | 586 | $28K |
| Bokf, NA | 0.00% | No change | 582 | $28K |
| Caitlin John, LLC | 0.02% | Reduce -31.3% | 566 | $27K |
| Larson Financial Group LLC | 0.00% | Add +42.8% | 554 | $26K |
| Triumph Capital Management | 0.01% | New | 533 | $25K |
| International Assets Investment Management, LLC | 0.00% | New | 522 | $25K |
| CENTRAL TRUST Co | 0.00% | No change | 500 | $24K |
| GF Fund Management Co. LTD. | 0.00% | Add +0.4% | 464 | $22K |
| Advisory Services Network, LLC | 0.00% | Reduce -28.5% | 460 | $22K |
| Bogart Wealth, LLC | 0.00% | No change | 400 | $19K |
| SageView Advisory Group, LLC | 0.00% | New | 399 | $19K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 392 | $19K |
| Arax Advisory Partners | 0.00% | Reduce -30.6% | 375 | $18K |
| Aster Capital Management (DIFC) Ltd | 0.01% | New | 352 | $17K |
| Capital Analysts, LLC | 0.00% | Add +2.2% | 327 | $15K |
| Sound Income Strategies, LLC | 0.00% | Add +3.3% | 286 | $14K |
| Harbour Investments, Inc. | 0.00% | Add +196.9% | 291 | $14K |
| WealthCollab, LLC | 0.01% | Add +74.0% | 275 | $13K |
| Horrell Capital Management, Inc. | 0.01% | No change | 250 | $12K |
| Salomon & Ludwin, LLC | 0.00% | Add +14.2% | 217 | $11K |
| Versant Capital Management, Inc | 0.00% | Reduce -12.6% | 215 | $10K |
| Geneos Wealth Management Inc. | 0.00% | No change | 215 | $10K |
| Spire Wealth Management | 0.00% | Reduce -32.3% | 210 | $10K |
| Fifth Third Bancorp | 0.00% | Add +48.9% | 207 | $10K |
| Aspect Partners, LLC | 0.00% | Add +100.0% | 200 | $9K |
| Hilltop National Bank | 0.00% | No change | 200 | $9K |
| Compass Financial Services Inc | 0.00% | Reduce -62.4% | 192 | $9K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +183.6% | 173 | $8K |
| CKW Financial Group | 0.00% | No change | 173 | $8K |
| Optiver Holding B.V. | 0.00% | Reduce -35.2% | 166 | $8K |
| Root Financial Partners, LLC | 0.00% | No change | 164 | $8K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -62.7% | 154 | $8K |
| Global X Japan Co., Ltd. | 0.00% | No change | 151 | $7K |
| Harbor Capital Advisors, Inc. | 0.00% | Reduce -1.9% | 154 | $7K |
| MAI Capital Management | 0.00% | Add +3.3% | 124 | $6K |
| TD Waterhouse Canada Inc. | 0.00% | No change | 112 | $5K |
| Clearstead Advisors, LLC | 0.00% | Add +1.9% | 107 | $5K |
| HHM Wealth Advisors, LLC | 0.00% | No change | 100 | $5K |
| DV Trading LLC | 0.00% | — | 100 | $5K |
| CIBC Private Wealth Group LLC | 0.00% | Add +6.6% | 97 | $5K |
| DHJJ Financial Advisors, Ltd. | 0.00% | No change | 93 | $4K |
| Ancora Advisors LLC | 0.00% | No change | 80 | $4K |
| Clean Yield Group | 0.00% | Reduce -56.3% | 77 | $4K |
| Cullen/Frost Bankers, Inc. | 0.00% | No change | 72 | $3K |
| Parallel Advisors, LLC | 0.00% | No change | 70 | $3K |
| Essential Partners LLC | 0.00% | Reduce -68.3% | 64 | $3K |
| Assetmark, Inc. | 0.00% | Reduce -16.4% | 61 | $3K |
| National Bank of Canada | 0.00% | Add +21.3% | 57 | $3K |
| Brown, Lisle/Cummings, Inc. | 0.00% | No change | 50 | $2K |
| Hughes Financial Services, LLC | 0.00% | No change | 50 | $2K |
| Morton Brown Family Wealth, LLC | 0.00% | No change | 49 | $2K |
| North Star Investment Management Corp. | 0.00% | Reduce -81.6% | 45 | $2K |
| Navalign, LLC | 0.00% | New | 41 | $2K |
| Heritage Wealth Advisors | 0.00% | Add +2.6% | 40 | $2K |
| Quadrant Capital Group LLC | 0.00% | No change | 39 | $2K |
| Measured Wealth Private Client Group, LLC | 0.00% | Reduce -45.8% | 32 | $2K |
| UMB Bank, n.a. | 0.00% | Reduce -70.1% | 32 | $2K |
| Clark Wealth Partners | 0.00% | No change | 31 | $1K |
| Cornerstone Financial Management LLC | 0.00% | — | 30 | $1K |
| CoreCap Advisors, LLC | 0.00% | No change | 30 | $1K |
| Private Wealth Management Group, LLC | 0.00% | Reduce -52.5% | 28 | $1K |
| IMA Advisory Services, Inc. | 0.00% | New | 23 | $1K |
| Medallion Wealth Advisors, LLC | 0.00% | No change | 22 | $1K |
| Scarborough Advisors, LLC | 0.00% | No change | 21 | $995 |
| IFS Advisors, LLC | 0.00% | No change | 20 | $947 |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 20 | $947 |
| Tidemark, LLC | 0.00% | No change | 19 | $900 |
| Rothschild Investment LLC | 0.00% | Reduce -40.0% | 18 | $852 |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -81.3% | 18 | $852 |
| Global Retirement Partners, LLC | 0.00% | Add +20.0% | 18 | $831 |
| Blue Trust, Inc. | 0.00% | Reduce -20.0% | 16 | $758 |
| MRP Capital Investments, LLC | 0.00% | Reduce -97.1% | 15 | $711 |
| IFP Advisors, Inc | 0.00% | Add +160.0% | 13 | $616 |
| SHP Wealth Management | 0.00% | — | 13 | $616 |
| Entrust Financial LLC | 0.00% | — | 11 | $521 |
| Gunpowder Capital Management, LLC dba Oliver Wealth Management | 0.00% | — | 11 | $521 |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Reduce -50.0% | 10 | $474 |
| Parkside Financial Bank & Trust | 0.00% | Reduce -54.5% | 10 | $474 |
| Bell Investment Advisors, Inc | 0.00% | Reduce -25.0% | 9 | $427 |
| Picton Mahoney Asset Management | 0.00% | No change | 9 | $426 |
| Transamerica Financial Advisors, LLC | 0.00% | No change | 8 | $394 |
| Retirement Wealth Solutions LLC | 0.00% | Add +60.0% | 8 | $379 |
| MV Capital Management, Inc. | 0.00% | No change | 6 | $285 |
| Quarry LP | 0.00% | Reduce -82.9% | 6 | $284 |
| Prestige Wealth Management Group LLC | 0.00% | No change | 5 | $247 |
| Ankerstar Wealth, LLC | 0.00% | — | 5 | $246 |
| Godfrey Financial Associates, Inc. | 0.00% | — | 4 | $189 |
| Smallwood Wealth Investment Management, LLC | 0.00% | No change | 4 | $189 |
| True Wealth Design, LLC | 0.00% | Reduce -90.6% | 3 | $143 |
| Gilpin Wealth Management, LLC | 0.00% | — | 2 | $95 |
| Abound Wealth Management | 0.00% | No change | 2 | $95 |
| Dunhill Financial, LLC | 0.00% | New | 2 | $72 |
| Albion Financial Group | 0.00% | No change | 1 | $69 |
| Strategic Investment Solutions, Inc. | 0.00% | Reduce -98.7% | 1 | $61 |
| Quattro Advisors LLC | 0.00% | — | 1 | $51 |
| Kozak & Associates, Inc. | 0.00% | No change | 1 | $47 |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 5 | $0 |
"% of holder's portfolio" is IIPR's weight in each manager's 13F, not the share of Innovative Industrial Proper the manager owns.