FIRST INDL RLTY TR INC FR
COM · REIT · CUSIP 32054K103
Industrial real estate company
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersChicago, IL
- Websitefirstindustrial.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.4m this quarter). Holder counts are more reliable. Shares outstanding: 132.2m as of 2023-04-21, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $53.19. Options: 3 managers hold calls ($638.4k notional), 4 hold puts ($978.8k).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 345 |
| Q4 2022 | 342 |
| Q1 2023 | 345 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 175 | 165 |
| Q1 2023 | 164 | 157 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $300.0k | $654.0k | 2.18 |
| Q4 2022 | $115.8k | $878.0k | 7.58 |
| Q1 2023 | $638.4k | $978.8k | 1.53 |
Biggest buyers
| NOMURA HOLDINGS INC | Added | +2.0m |
| JPMORGAN CHASE & CO | Added | +1.3m |
| Balyasny Asset Management L.P. | Added | +1.2m |
| COHEN & STEERS, INC. | Added | +898.7k |
| MORGAN STANLEY | Added | +801.9k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +757.4k |
| Daiwa Securities Group Inc. | Added | +676.3k |
| BANK OF MONTREAL /CAN/ | Added | +510.8k |
| Alyeska Investment Group, L.P. | New | +417.4k |
| STRS OHIO | Added | +384.9k |
Biggest sellers
| DEUTSCHE BANK AG\ | Reduced | -1.5m |
| RUSH ISLAND MANAGEMENT, LP | Sold out | -1.1m |
| Russell Investments Group, Ltd. | Reduced | -806.7k |
| ROYAL BANK OF CANADA | Reduced | -746.9k |
| CIBC WORLD MARKETS CORP | Reduced | -699.6k |
| HSBC HOLDINGS PLC | Reduced | -517.6k |
| T. Rowe Price Investment Management, Inc. | Sold out | -478.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -282.9k |
| Invesco Ltd. | Reduced | -278.3k |
| BAILLIE GIFFORD & CO | Reduced | -273.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $372.4k7.0k shares |
| CITADEL ADVISORS LLC | Added | $266.0k5.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $617.1k11.6k shares |
| SIMPLEX TRADING, LLC | Unchanged | $234.0k4.4k shares |
| CITADEL ADVISORS LLC | Reduced | $127.7k2.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution -3.3 pts · filed 2025-04-30 | 11.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 9.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $641.2k | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 19.7m $1.0bn | Added +179.3k |
| BlackRock Inc. 0.02% of their portfolio | 15.8m $843.0m | Reduced -151.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.36% of their portfolio | 9.6m $508.4m | Reduced -37.9k |
| STATE STREET CORP 0.02% of their portfolio | 7.3m $391.5m | Added +79.5k |
| Blackstone Inc. 1.12% of their portfolio | 5.0m $266.1m | Unchanged |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.94% of their portfolio | 4.6m $245.8m | Added +757.4k |
| NOMURA HOLDINGS INC 1.60% of their portfolio | 3.1m $164.3m | Added +2.0m |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 3.0m $155.0m | Added +185.7k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.8m $148.9m | Added +1.3m |
| COHEN & STEERS, INC. 0.29% of their portfolio | 2.5m $135.2m | Added +898.7k |
| MORGAN STANLEY 0.01% of their portfolio | 2.3m $121.8m | Added +801.9k |
| Daiwa Securities Group Inc. 0.82% of their portfolio | 2.2m $117.6m | Added +676.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.1m $113.0m | Added +66.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.9m $102.2m | Added +23.1k |
| Balyasny Asset Management L.P. 0.33% of their portfolio | 1.9m $101.1m | Added +1.2m |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 1.9m $100.5m | Reduced -80.8k |
| LORD, ABBETT & CO. LLC 0.18% of their portfolio | 1.9m $99.4m | Reduced -158.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.9m $98.8m | Added +2.5k |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 1.8m $95.4m | Reduced -517.6k |
| NORGES BANK 0.02% of their portfolio | 1.6m $83.7m | Added +106.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.5m $81.2m | Added +32.2k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.5m $77.7m | Reduced -12.4k |
| Waterfront Capital Partners, LLC 5.51% of their portfolio | 1.4m $72.8m | Added +52.2k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 2.48% of their portfolio | 1.2m $62.5m | Reduced -47.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 1.2m $61.5m | Reduced -39.4k |
| Invesco Ltd. 0.02% of their portfolio | 1.1m $58.7m | Reduced -278.3k |
| Legal & General Group Plc 0.02% of their portfolio | 1.1m $55.9m | Added +41.7k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 1.0m $55.1m | Reduced -219.3k |
| Vision Capital Corp 26.40% of their portfolio | 1.0m $53.7m | Unchanged |
| LONDON CO OF VIRGINIA 0.28% of their portfolio | 921.4k $49.0m | Reduced -12.6k |
| Uniplan Investment Counsel, Inc. 3.27% of their portfolio | 872.3k $46.4m | Reduced -6.4k |
| Allianz Asset Management GmbH 0.09% of their portfolio | 807.6k $43.0m | Reduced -12.9k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 800.4k $42.6m | Reduced -59.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 775.7k $41.3m | Added +128.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 748.4k $39.8m | Reduced -68.8k |
| Artemis Investment Management LLP 0.48% of their portfolio | 734.8k $39.0m | Reduced -84.7k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 726.3k $38.6m | Reduced -10.5k |
| ING GROEP NV 0.36% of their portfolio | 700.0k $37.2m | Reduced -100.0k |
| Long Pond Capital, LP 1.93% of their portfolio | 676.9k $36.0m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 643.9k $34.3m | Reduced -76.6k |
| STRS OHIO 0.05% of their portfolio | 642.3k $34.2m | Added +384.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 597.4k $31.8m | Reduced -143.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 581.9k $31.0m | Added +510.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 520.8k $27.7m | Added +249.8k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 501.9k $24.3m | Added +213.5k |
| Alberta Investment Management Corp 0.25% of their portfolio | 478.4k $25.5m | Unchanged |
| Retirement Systems of Alabama 0.11% of their portfolio | 455.4k $24.2m | Added +34.4k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 448.6k $23.9m | Reduced -273.9k |
| AEW CAPITAL MANAGEMENT L P 0.87% of their portfolio | 437.5k $23.3m | Unchanged |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 436.9k $23.2m | Reduced -5.8k |
| Alyeska Investment Group, L.P. 0.20% of their portfolio | 417.4k $22.2m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 371.9k $19.8m | Reduced -282.9k |
| CI INVESTMENTS INC. 0.09% of their portfolio | 327.2k $17.4m | Added +2.6k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.18% of their portfolio | 322.4k $17.2m | Reduced -116.2k |
| Asset Management One Co., Ltd. 0.07% of their portfolio | 304.7k $16.2m | Reduced -1.5k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 302.5k $16.1m | Added +100.3k |
| SEGALL BRYANT & HAMILL, LLC 0.17% of their portfolio | 297.1k $15.8m | Added +25.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.07% of their portfolio | 293.6k $15.6m | Added +63.5k |
| Swiss National Bank 0.01% of their portfolio | 285.2k $15.2m | Reduced -33.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 277.0k $14.7m | Reduced -13.1k |
| Amundi 0.01% of their portfolio | 272.8k $14.1m | Added +186.2k |
| TRUIST FINANCIAL CORP 0.02% of their portfolio | 260.0k $13.8m | Reduced -7.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 253.7k $13.5m | Reduced -19.9k |
| SUN LIFE FINANCIAL INC 0.95% of their portfolio | 252.9k $13.5m | Unchanged |
| WESTPAC BANKING CORP 0.18% of their portfolio | 245.9k $13.1m | Added +92.3k |
| State of Alaska, Department of Revenue 0.15% of their portfolio | 245.2k $13.0m | Added +1.7k |
| California Public Employees Retirement System 0.01% of their portfolio | 244.5k $13.0m | Reduced -69.1k |
| GREAT LAKES ADVISORS, LLC 0.12% of their portfolio | 243.3k $12.9m | New |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 238.7k $12.7m | Added +9.4k |
| MAKENA CAPITAL MANAGEMENT LLC 2.36% of their portfolio | 234.4k $12.5m | Reduced -20.7k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 227.8k $12.1m | Added +24.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 220.2k $11.7m | Added +17.6k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 215.6k $11.5m | Reduced -1.5m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 211.8k $11.3m | Reduced -19.9k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.07% of their portfolio | 203.9k $10.8m | Reduced -1.9k |
| ExodusPoint Capital Management, LP 0.12% of their portfolio | 193.2k $10.3m | Added +66.4k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 190.2k $10.1m | Reduced -44.4k |
| Pacer Advisors, Inc. 0.04% of their portfolio | 182.2k $9.7m | Reduced -36.3k |
| WESTWOOD HOLDINGS GROUP INC 0.09% of their portfolio | 182.0k $9.7m | Reduced -70.0k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 178.3k $9.5m | Reduced -20.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 177.2k $9.4m | Reduced -59.2k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 174.2k $9.3m | Reduced -70.1k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 172.8k $9.2m | Reduced -806.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 165.4k $8.8m | Reduced -2.4k |
| Brookfield Corp /ON/ 0.03% of their portfolio | 164.9k $8.8m | Reduced -186.3k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 161.7k $8.6m | Added +28.1k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.16% of their portfolio | 159.5k $8.5m | New |
| THIRD AVENUE MANAGEMENT LLC 1.44% of their portfolio | 158.0k $8.4m | Added +558 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 156.3k $8.3m | Added +31.6k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 145.9k $7.8m | Reduced -131.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 140.2k $7.5m | Reduced -3.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.04% of their portfolio | 138.5k $7.4m | Added +4.9k |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.28% of their portfolio | 137.0k $7.3m | Reduced -1.2k |
| Adelante Capital Management LLC 0.63% of their portfolio | 136.6k $7.3m | Reduced -44.5k |
| FIRST NATIONAL BANK OF OMAHA 0.43% of their portfolio | 132.8k $7.1m | Reduced -5.0k |
| UBS Group AG 0.00% of their portfolio | 122.5k $6.5m | Reduced -19.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 122.2k $6.5m | Reduced -18.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 120.2k $6.4m | Reduced -105.3k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.06% of their portfolio | 118.5k $6.3m | Added +29.7k |
| Man Group plc 0.02% of their portfolio | 117.8k $6.3m | New |