Earlier this year, Intellectual Ventures LLC (IV) signaled a move away from the purchase of additional patents, instead refocusing on the monetization of existing assets. A review of IV’s patent assignments over the last 12 months confirms that shift, as do IV’s recent litigation activities, which include an automotive campaign begun in March (its first new campaign since 2015). While there has been much speculation about the effect that IV’s decision to stop buying patents may have on the patent marketplace, just as interesting is what will come of its patent divestitures. RPX has observed the transfer of patent portfolios from IV to multiple other NPEs over the past year, including four of the top ten filers (by defendant count) in 2017: IP Valuation Partners LLC (d/b/a IPVal); Leigh M. Rothschild; Monument Patent Holdings, LLC; and Equitable IP Corporation. Each has initiated its own litigation campaigns asserting patents acquired from IV, beginning with Equitable IP back in October 2016, and including three launched by IPVal during the first half of this October alone.