Innovative Industrial Properties (IIPR): which funds own it

Who owns Innovative Industrial Properties?

Holders that filed a Schedule 13D or 13G with the SEC for owning more than 5% of the shares: BlackRock (13G/A filed Oct 27, 2026), Vanguard Portfolio Management (13G/A filed Sep 4, 2026) and Vanguard Capital Management (13G filed Apr 30, 2026). As of Jun 30, 2026, the largest holders reported on Form 13F were BlackRock (5.0 million shares), Vanguard Portfolio Management (2.8 million shares) and State Street (1.6 million shares).

Sources:13G/A by BlackRock (Oct 27, 2026) ↗13G/A by Vanguard Portfolio Management (Sep 4, 2026) ↗13G by Vanguard Capital Management (Apr 30, 2026) ↗All of the company's proxy statements on EDGAR ↗

We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.

• BlackRock5.0 MIndex manager · 18.13% of the company+216 K
• Vanguard Portfolio Management2.8 MIndex manager · 10.22% of the company+90 K
• State Street1.6 MIndex manager · 5.91% of the company+42 K
• Vanguard Capital Management1.3 MIndex manager · 4.69% of the company+50 K
• Charles Schwab Investment Management649 KIndex manager · 2.35% of the company+75 K
• Arrowstreet Capital, Limited Partnership564 KQuant or multi-manager · 2.05% of the company+25 K
• Mirae Asset Global Etfs Holdings524 KIndex manager · 1.90% of the company+8,083
• Invesco497 KInvestment firm · 1.80% of the company+1,384
• Northern Trust396 KIndex manager · 1.44% of the company+16 K
• Dimensional Fund Advisors365 KIndex manager · 1.32% of the company−2,031

The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.

Shares outstanding: buybacks and dilution

From the statements the company filed with the SEC (10-K). The change compares average diluted shares of each fiscal year, on today's basis: negative = it bought back more than it issued; positive = dilution. “No data” = the company does not report that item under a tag we can read; it does not mean zero.

Earnings quality and debt

From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.

Above 5% over time (13D/13G)

Each holder with its filings in order. History since December 2024.

Flagged material events (8-K)

• Jun 15, 2026Routinefiling ↗

  Unregistered sale of equity securities (Item 3.02)

• Jun 9, 2026Routinefiling ↗

  Change in directors or officers (Item 5.02)

• Apr 10, 2026Routinefiling ↗

  Change in directors or officers (Item 5.02)

Alert items the company itself flagged in its 8-K filings with the SEC, most serious first. It is the form's label, with no interpretation from us: Item 5.02 covers routine appointments as well as a chief executive's departure; open the filing. The quoted headline is the original press release's.