Innovative Industrial Properties, Inc. (IIPR) Ownership
IIPR ownership summary
as of October 18, 2026- Institutions
- 79.7% of shares outstanding
- Insiders
- 1.98% of shares outstanding
- Shares outstanding
- 27.6M
- Float
- 27.0M shares available to trade
- Short interest
- 23.67% 4.3M shares short
- Days to cover
- 10.27 short interest up 15.2% vs prior month
- Institutions 79.73%
- Insiders 1.98%
- Other investors 18.29%
IIPR top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 18.13% | 5.0M | $261.8M | +215,932 (+4.5%) | June 30, 2026 |
| 2 | Vanguard Portfolio Management, LLC | 10.22% | 2.8M | $147.7M | +89,961 (+3.3%) | June 30, 2026 |
| 3 | State Street Corp | 5.91% | 1.6M | $85.3M | +42,222 (+2.7%) | June 30, 2026 |
| 4 | Vanguard Capital Management, LLC | 4.69% | 1.3M | $67.7M | +50,424 (+4.1%) | June 30, 2026 |
| 5 | Charles Schwab Investment Management Inc | 2.35% | 649K | $34.0M | +74,963 (+13.1%) | June 30, 2026 |
| 6 | Arrowstreet Capital Limited Partnership | 2.05% | 564K | $29.6M | +24,705 (+4.6%) | June 30, 2026 |
| 7 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1.90% | 524K | $27.5M | +8,083 (+1.6%) | June 30, 2026 |
| 8 | Amvescap Plc. | 1.80% | 497K | $26.1M | +1,384 (+0.3%) | June 30, 2026 |
| 9 | Northern Trust Corp | 1.44% | 396K | $20.7M | +15,710 (+4.1%) | June 30, 2026 |
| 10 | Dimensional Fund Advisors, Inc. | 1.32% | 365K | $19.1M | −2,031 (−0.6%) | June 30, 2026 |
| 11 | The Goldman Sachs Group Inc | 1.32% | 363K | $19.0M | −179,192 (−33.1%) | June 30, 2026 |
| 12 | Point72 Asset Management, L.P. | 1.28% | 352K | $18.4M | −113,363 (−24.4%) | June 30, 2026 |
| 13 | D. E. Shaw & Co LP | 1.10% | 305K | $16.0M | −58,147 (−16.0%) | June 30, 2026 |
| 14 | Morgan Stanley - Brokerage Accounts | 0.95% | 262K | $13.7M | +54,921 (+26.5%) | June 30, 2026 |
| 15 | AlphaCore Capital LLC | 0.79% | 218K | $11.4M | +3,322 (+1.5%) | June 30, 2026 |
| 16 | Bank of New York Mellon Corp | 0.75% | 206K | $10.8M | +15,084 (+7.9%) | June 30, 2026 |
| 17 | Principal Financial Group Inc | 0.69% | 191K | $10.0M | +7,051 (+3.8%) | June 30, 2026 |
| 18 | Vanguard Fiduciary Trust Co | 0.69% | 190K | $10.0M | +8,962 (+4.9%) | June 30, 2026 |
| 19 | Legal & General Group PLC | 0.61% | 168K | $8.8M | −10,061 (−5.6%) | June 30, 2026 |
| 20 | Thrivent Financial For Lutherans | 0.50% | 137K | $7.2M | −16,442 (−10.7%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 14 holders added 613K shares and 6 cut 379K.
IIPR top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | iShares Core S&P Small-Cap ETF | 5.95% | 1.6M | $86.0M | +423 (+0.0%) | September 30, 2026 |
| 2 | Vanguard Real Estate Index Investor | 3.98% | 1.1M | $57.5M | +7,727 (+0.7%) | September 30, 2026 |
| 3 | Vanguard MStar Total Stk Mkt Idx Invest | 3.32% | 915K | $47.9M | — | August 31, 2026 |
| 4 | iShares Russell 2000 ETF | 2.78% | 766K | $40.1M | −8,832 (−1.1%) | September 30, 2026 |
| 5 | Vanguard Small Cap Index | 2.25% | 621K | $32.5M | −40,611 (−6.1%) | September 30, 2026 |
| 6 | Vanguard MStar Small Cap Value Index | 1.46% | 404K | $21.1M | −16,790 (−4.0%) | September 30, 2026 |
| 7 | Invesco KBW Premium Yield Eq REIT ETF | 1.41% | 388K | $20.3M | −1,296 (−0.3%) | September 30, 2026 |
| 8 | iShares Russell 2000 Value ETF | 1.00% | 274K | $14.4M | +416 (+0.2%) | September 30, 2026 |
| 9 | Global X SuperDividend™ ETF | 0.97% | 267K | $14.0M | — | September 30, 2026 |
| 10 | State Street SPDR Port S&P 600 Sm CpETF | 0.92% | 253K | $13.2M | — | September 30, 2026 |
| 11 | iShares S&P Small-Cap 600 Value ETF | 0.85% | 233K | $12.2M | — | September 30, 2026 |
| 12 | Global X SuperDividend ETF USD Cap | 0.81% | 222K | $11.7M | −743 (−0.3%) | September 30, 2026 |
| 13 | Global X SuperDividend™ US ETF | 0.80% | 221K | $11.6M | — | September 30, 2026 |
| 14 | Schwab US REIT ETF™ | 0.79% | 217K | $11.4M | +110 (+0.1%) | September 30, 2026 |
| 15 | Vanguard Real Estate II Index | 0.70% | 194K | $10.2M | +1,390 (+0.7%) | September 30, 2026 |
| 16 | Vanguard Russell 2000 ETF | 0.62% | 170K | $8.9M | +4,414 (+2.7%) | September 30, 2026 |
| 17 | Schwab US Small-Cap ETF™ | 0.53% | 145K | $7.6M | +90 (+0.1%) | September 30, 2026 |
| 18 | State Street® SPDR® S&P 600™ Sm CpValETF | 0.53% | 145K | $7.6M | — | September 30, 2026 |
| 19 | DFA Real Estate Securities I | 0.52% | 144K | $7.5M | +12,367 (+9.4%) | August 31, 2026 |
| 20 | Applied Finance Explorer Institutional | 0.44% | 120K | $6.3M | — | July 31, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
IIPR insider transactions
latest 3| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2025-11-24 | Alan D Gold | Buy | $49.09 | 2,600 | $127,634 |
| 2025-11-20 | David Jon Smith | Buy | $45.90 | 600 | $27,540 |
| 2025-11-19 | Alan D Gold | Buy | $46.26 | 1,000 | $46,260 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
IIPR shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns IIPR
Institutional investors own 79.7% of Innovative Industrial's shares and insiders 1.98%. The largest holder is BlackRock Inc with 18.13% of the shares (5.0M), as of June 30, 2026. Among the top 20 institutions, 14 added shares and 6 reduced their stake in the latest filings. Short interest is 23.67% of the float, or 10.27 days of average trading volume. The share count rose 744.9% since 2016.
Related: IIPR analyst forecast, IIPR key metrics, IIPR dividend history. See the IIPR stock overview for the latest quote and news.
IIPR ownership FAQ
Who owns the most Innovative Industrial stock?
The largest shareholders of Innovative Industrial are BlackRock Inc (18.13%), Vanguard Portfolio Management, LLC (10.22%), State Street Corp (5.91%), Vanguard Capital Management, LLC (4.69%), Charles Schwab Investment Management Inc (2.35%).
What percentage of Innovative Industrial is owned by institutions?
Institutions hold 79.7% of Innovative Industrial's shares outstanding; insiders hold 1.98%.
Which funds own Innovative Industrial?
The largest fund holders of Innovative Industrial are iShares Core S&P Small-Cap ETF (5.95%), Vanguard Real Estate Index Investor (3.98%), Vanguard MStar Total Stk Mkt Idx Invest (3.32%), iShares Russell 2000 ETF (2.78%), Vanguard Small Cap Index (2.25%).
What is Innovative Industrial's short interest?
4.3M shares of Innovative Industrial were sold short, 23.67% of the float; at the average daily volume it would take 10.27 days to cover.
Are insiders buying or selling Innovative Industrial?
Of the latest 3 reported insider transactions in Innovative Industrial (since November 19, 2025), 3 were purchases and 0 were sales.
How many shares of Innovative Industrial are outstanding?
Innovative Industrial has 27.6M shares outstanding, of which 27.0M are in the public float.