Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATIVE INDL PPTYS INC (IIPR)

300 + Investors. Track Smart Money conviction in IIPR. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — IIPR

Based on 300 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added IIPR than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 74% of 3.0Y peak

74% of all-time peak
300 funds currently hold this stock — 74% of the 3.0-year high of 407 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
27 fewer hedge funds hold IIPR compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 55% buying

153 buying124 selling
Last quarter: 153 funds bought or added vs 124 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~41 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 39 → 46 → 43 → 41. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 18% medium ■ 14% new
206 out of 300 hedge funds have held IIPR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~41 new funds/quarter

52 → 39 → 46 → 43 → 41 new funds/Q
New funds entering each quarter: 39 → 46 → 43 → 41. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 75% of holders stayed 2+ years

■ 75% veterans ■ 8% 1-2yr ■ 17% new
Of 307 current holders: 229 (75%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
49 of 300 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.0
out of 10
Low Exit Risk
Exit risk score 2.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — IIPR

In 2026 Q1, 153 hedge funds were net buyers of IIPR (41 opened a new position, 112 added to an existing one), while 124 reduced or exited (89 trimmed, 35 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 36% of total institutional value in IIPR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 300.

Hedge Fund Ownership: IIPR

How many hedge funds hold IIPR — quarterly history vs. share price
Quarterly hedge fund ownership of IIPR vs. share price

Market Analysis: IIPR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: IIPR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy INNOVATIVE INDL PPTYS INC (IIPR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much IIPR has moved relative to its sector benchmark (XLRE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 51d ago
IIPR
+17.0%
XLRE
+7.6%

IIPR outperformed XLRE by +9.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 6d ago
IIPR
+5.3%
XLRE
+1.6%

Since the filing became public, IIPR outperformed XLRE by +3.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

29 top-rated funds 0 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: IIPR
300 + Investors

Track Smart Money conviction in IIPR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 300 294 2.04%
13F Shares 21M 20M 3.44%
Total Value $1.02B $957M 6.37%
New Positions 41 43 -2
Increased Positions 110 112 -2
Closed Positions 35 53 -18
Reduced Positions 87 93 -6
Total Calls 4 4 -
Total Puts 7 8 -12.5%
PUT/CALL Ratio 1.75 2.0 Bearish

Statistics: IIPR

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

300 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in IIPR. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of IIPR — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TrueWealth Advisors, LLC 0.95% 75,290 $3.8M
2 SMH CAPITAL ADVISORS INC 0.74% 245 $245K
3 CDC Financial, Inc. 0.64% 20,000 $1.0M
4 RD Lewis Holdings, Inc. 0.39% 8,932 $447K
5 Pensionfund Sabic 0.27% 4,404 —
6 AlphaCore Capital LLC 0.26% 214,482 $11.2M
7 Pensionfund PDN 0.24% 8,400 —
8 Quinn Opportunity Partners LLC 0.17% 66,500 $3.3M
9 1620 INVESTMENT ADVISORS, INC. 0.15% 4,336 $218K
10 Black Swift Group, LLC 0.13% 15,225 $764K
11 Aster Capital Management (DIFC) Ltd 0.12% 6,743 $365K
12 FCG Investment Co 0.10% 4,740 $238K
13 COOPER/HAIMS ADVISORS, LLC 0.10% 4,223 $212K
14 ROBERTS GLORE & CO INC /IL/ 0.09% 6,650 $334K
15 Sunbelt Securities, Inc. 0.09% 27,131 $1.4M
16 Mystic Asset Management, Inc. 0.07% 5,919 $297K
17 Parallax Volatility Advisers, L.P. 0.07% 500,000 $25.1M
18 Quantbot Technologies LP 0.06% 28,598 $1.4M
19 VIRTUS ADVISERS, LLC 0.05% 2,300 $115K
20 Prism Advisors, Inc. 0.05% 3,999 $201K
21 Detalus Advisors, LLC 0.05% 4,485 $225K
22 Summit Global Investments 0.05% 17,205 —
23 Edgestream Partners, L.P. 0.05% 30,584 $1.5M
24 CSM Advisors, LLC 0.05% 40,294 $2K
25 North Star Investment Management Corp. 0.05% 15,045 $755K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — INNOVATIVE INDL PPTYS INC (IIPR)

What does the Smart Money Trend signal show for IIPR?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added IIPR than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for IIPR?

Slight buying edge — 55% buying: Last quarter: 153 funds bought or added vs 124 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for IIPR holders?

Strong quality — 36% AUM from major funds: 49 of 300 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held IIPR?

69% of holders stayed for 2+ years: 206 out of 300 hedge funds have held IIPR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy INNOVATIVE INDL PPTYS INC (IIPR) following the 2026 Q1 hedge fund 13F filings?

As of today, IIPR has moved +5.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.6% for the XLRE sector ETF — an outperformance of +3.7%. Since the quarter end (March 31, 2026), IIPR has gained +17.0% vs +7.6% for XLRE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →