Vault-13

FIRST INDL RLTY TR INC FR

COM · REIT · CUSIP 32054K103

Industrial real estate company

362 institutional holders -15 vs Q3 2023
130,898,728130.9m shares reported held*
98.9% of all shares outstanding*
$6.9bnreported value*
34 new 135 added 138 reduced 58 sold out net sold ≈ $18.2m (-237.2k shares)

* 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 ($7.9m this quarter). Holder counts are more reliable. Shares outstanding: 132.3m as of 2024-02-14, 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 ≈ $52.69. Options: 3 managers hold calls ($130.9k notional), 3 hold puts ($210.7k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 345Q4 22: 342Q1 23: 345Q2 23: 364Q3 23: 377Q4 23: 362362Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022345
Q4 2022342
Q1 2023345
Q2 2023364
Q3 2023377
Q4 2023362

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 175 bought or addedQ4 22: 165 cut or sold outQ4 22Q1 23: 164 bought or addedQ1 23: 157 cut or sold outQ1 23Q2 23: 166 bought or addedQ2 23: 157 cut or sold outQ2 23Q3 23: 190 bought or addedQ3 23: 172 cut or sold outQ3 23Q4 23: 169 bought or addedQ4 23: 196 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022175165
Q1 2023164157
Q2 2023166157
Q3 2023190172
Q4 2023169196

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6m$8mQ1 23 calls: $638.4kQ1 23 puts: $978.8kQ1 23P/C 1.53Q2 23 calls: $257.9kQ2 23 puts: $68.1kQ2 23P/C 0.26Q3 23 calls: $6.6mQ3 23 puts: $65.8kQ3 23P/C 0.01Q4 23 calls: $130.9kQ4 23 puts: $210.7kQ4 23P/C 1.61
Numbers
QuarterCallsPutsP/C
Q1 2023$638.4k$978.8k1.53
Q2 2023$257.9k$68.1k0.26
Q3 2023$6.6m$65.8k0.01
Q4 2023$130.9k$210.7k1.61

Biggest buyers

JPMORGAN CHASE & CO Added +1,934,793+1.9m
MORGAN STANLEY Added +1,669,441+1.7m
FRONTIER CAPITAL MANAGEMENT CO LLC Added +1,105,286+1.1m
CENTERSQUARE INVESTMENT MANAGEMENT LLC Added +869,676+869.7k
DEPRINCE RACE & ZOLLO INC New +617,823+617.8k
Invesco Ltd. Added +587,323+587.3k
LASALLE INVESTMENT MANAGEMENT SECURITIES LLC Added +541,909+541.9k
BlackRock Inc. Added +517,291+517.3k
Point72 Asset Management, L.P. Added +502,247+502.2k
Crestline Management, L.P. New +500,000+500.0k

Biggest sellers

COHEN & STEERS, INC. Sold out -1,742,240-1.7m
TOMS Capital Investment Management LP Sold out -1,612,854-1.6m
Daiwa Securities Group Inc. Reduced -1,506,444-1.5m
Long Pond Capital, LP Reduced -967,937-967.9k
Uniplan Investment Counsel, Inc. Sold out -853,369-853.4k
Alyeska Investment Group, L.P. Reduced -698,800-698.8k
HSBC HOLDINGS PLC Reduced -620,145-620.1k
Artemis Investment Management LLP Reduced -499,047-499.0k
LORD, ABBETT & CO. LLC Reduced -463,080-463.1k
GOLDMAN SACHS GROUP INC Reduced -445,642-445.6k

Biggest calls

CITADEL ADVISORS LLC Reduced $115.9k2.2k shares
SIMPLEX TRADING, LLC New $15.0k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

PEAK6 Investments LLC New $126.4k2.4k shares
CITADEL ADVISORS LLC Added $84.3k1.6k 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.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution -3.3 pts · filed 2025-04-30 11.3% -3.3 pts 14.9m≈ $915.8m 2025-04-30
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 9.5% new 12.6m≈ $774.5m 2026-04-29
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.3% new 7.0m≈ $430.8m 2026-04-29

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 Q4 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)

BuyingSelling
101Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 0 buyingQ2 22: 0 sellingQ2 22Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 1 sellingQ2 23Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20220—0——
Q2 20220—0——
Q3 20220—0——
Q4 20220—0——
Q1 20230—0——
Q2 20230—1$397.3k—
Q3 20230—0——
Q4 20230—0——

None reported in Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 19,113,52419.1m $1.0bn $1.0bn 0.02% Reduced -108.6k -108,566
2 BlackRock Inc. 0.02% of their portfolio New York, NY 15,703,24015.7m $827.1m $827.1m 0.02% Added +517.3k +517,291
3 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 7,356,3647.4m $389.8m $389.8m 0.02% Added +75.1k +75,087
4 PRINCIPAL FINANCIAL GROUP INC 0.24% of their portfolio DES MOINES, IA 7,201,3867.2m $379.3m $379.3m 0.24% Reduced -98.9k -98,939
5 Blackstone Inc. 1.22% of their portfolio NEW YORK, NY 5,001,2295.0m $263.4m $263.4m 1.22% Unchanged
6 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 4,959,4485.0m $261.2m $261.2m 0.01% Added +1.9m +1,934,793
7 CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.68% of their portfolio CONSHOHOCKEN, PA 4,551,5014.6m $239.7m $239.7m 2.68% Added +869.7k +869,676
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,842,1403.8m $202.4m $202.4m 0.01% Added +1.7m +1,669,441
9 NOMURA HOLDINGS INC 1.47% of their portfolio TOKYO, M0 3,110,9863.1m $163.9m $163.9m 1.47% Added +402.7k +402,744
10 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 2,540,0502.5m $132.5m $132.5m 0.04% Reduced -250.7k -250,720
11 ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio NASHVILLE, TN 2,502,4652.5m $131.8m $131.8m 0.05% Reduced -46.5k -46,499
12 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,309,2622.3m $121.6m $121.6m 0.01% Added +68.3k +68,256
13 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 2,042,0282.0m $107.6m $107.6m 0.03% Added +60.7k +60,658
14 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 1,910,7541.9m $100.6m $100.6m 0.03% Added +23.7k +23,689
15 VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio San Antonio, TX 1,855,7631.9m $97.7m $97.7m 0.10% Added +40.4k +40,364
16 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 1,731,0421.7m $91.2m $91.2m 0.02% Added +587.3k +587,323
17 LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 3.40% of their portfolio BALTIMORE, MD 1,633,0511.6m $86.0m $86.0m 3.40% Added +541.9k +541,909
18 HSBC HOLDINGS PLC 0.08% of their portfolio LONDON, X0 1,620,8381.6m $85.8m $85.8m 0.08% Reduced -620.1k -620,145
19 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,491,5231.5m $78.6m $78.6m 0.01% Reduced -84.8k -84,816
20 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,360,4371.4m $71.7m $71.7m 0.01% Reduced -29.2k -29,249
21 Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio CHIYODA-KU, TOKYO, M0 1,311,9111.3m $69.1m $69.1m 0.05% Added +283.6k +283,634
22 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 1,283,3841.3m $67.8m $67.8m 0.02% Added +336.8k +336,823
23 FRONTIER CAPITAL MANAGEMENT CO LLC 0.66% of their portfolio Boston, MA 1,245,4551.2m $65.6m $65.6m 0.66% Added +1.1m +1,105,286
24 V3 Capital Management, L.P. 16.92% of their portfolio DALLAS, TX 1,167,8471.2m $61.5m $61.5m 16.92% Reduced -252.1k -252,103
25 Legal & General Group Plc 0.02% of their portfolio London, X0 1,101,6511.1m $58.0m $58.0m 0.02% Added +49.7k +49,710
26 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,039,8631.0m $54.8m $54.8m 0.01% Reduced -347.9k -347,938
27 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,022,3791.0m $53.8m $53.8m 0.01% Added +419.3k +419,315
28 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 962,772962.8k $50.7m $50.7m 0.03% Added +64.9k +64,896
29 LONDON CO OF VIRGINIA 0.26% of their portfolio RICHMOND, VA 889,157889.2k $46.8m $46.8m 0.26% Reduced -19.1k -19,093
30 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 879,878879.9k $46.3m $46.3m 0.08% Reduced -463.1k -463,080
31 Allianz Asset Management GmbH 0.09% of their portfolio MUNICH, 2M 870,828870.8k $45.9m $45.9m 0.09% Reduced -117.0k -116,975
32 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 820,568820.6k $43.2m $43.2m 0.02% Added +107.1k +107,131
33 Vision Capital Corp 16.57% of their portfolio TORONTO, A6 757,550757.5k $39.9m $39.9m 16.57% Unchanged
34 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 747,435747.4k $39.4m $39.4m 0.01% Reduced -445.6k -445,642
35 Balyasny Asset Management L.P. 0.11% of their portfolio Chicago, IL 743,552743.6k $39.2m $39.2m 0.11% Added +314.6k +314,583
36 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 628,355628.4k $33.1m $33.1m 0.03% Reduced -67.7k -67,695
37 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 623,334623.3k $32.8m $32.8m 0.00% Added +15.6k +15,600
38 DEPRINCE RACE & ZOLLO INC 0.73% of their portfolio Winter Park, FL 617,823617.8k $32.5m $32.5m 0.73% New
39 Walleye Capital LLC 0.43% of their portfolio NEW YORK, NY 577,293577.3k $30.4m $30.4m 0.43% Reduced -223.4k -223,362
40 Point72 Asset Management, L.P. 0.08% of their portfolio STAMFORD, CT 504,211504.2k $26.6m $26.6m 0.08% Added +502.2k +502,247
41 ING GROEP NV 0.21% of their portfolio AMSTERDAM, P7 500,000500.0k $26.3m $26.3m 0.21% Unchanged
42 Crestline Management, L.P. 2.44% of their portfolio FORT WORTH, TX 500,000500.0k $26.3m $26.3m 2.44% New
43 Alberta Investment Management Corp 0.24% of their portfolio EDMONTON, A0 478,390478.4k $25.2m $25.2m 0.24% Unchanged
44 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 448,318448.3k $23.6m $23.6m 0.05% Added +233.8k +233,761
45 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 443,477443.5k $23.4m $23.4m 0.03% Added +106.7k +106,699
46 Schonfeld Strategic Advisors LLC 0.19% of their portfolio NEW YORK, NY 437,599437.6k $23.0m $23.0m 0.19% Added +201.6k +201,648
47 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 433,000433.0k $22.8m $22.8m 0.02% Reduced -10.7k -10,651
48 Adelante Capital Management LLC 1.53% of their portfolio ALAMEDA, CA 419,342419.3k $22.1m $22.1m 1.53% Added +32.9k +32,910
49 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 386,723386.7k $20.4m $20.4m 0.00% Added +100.3k +100,289
50 Retirement Systems of Alabama 0.09% of their portfolio MONTGOMERY, AL 381,668381.7k $20.1m $20.1m 0.09% Added +535 +535
51 Verition Fund Management LLC 0.18% of their portfolio GREENWICH, CT 337,859337.9k $17.8m $17.8m 0.18% Reduced -39.3k -39,280
52 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 331,906331.9k $17.5m $17.5m 0.03% New
53 NATIXIS 0.13% of their portfolio PARIS, I0 315,000315.0k $16.6m $16.6m 0.13% Unchanged
54 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.07% of their portfolio COLUMBUS, OH 309,714309.7k $16.3m $16.3m 0.07% Reduced -568 -568
55 STRS OHIO 0.07% of their portfolio COLUMBUS, OH 305,601305.6k $16.1m $16.1m 0.07% Added +8.1k +8,131
56 DigitalBridge Group, Inc. 1.63% of their portfolio Boca Raton, FL 301,616301.6k $15.9m $15.9m 1.63% Added +151.3k +151,335
57 SEGALL BRYANT & HAMILL, LLC 0.29% of their portfolio CHICAGO, IL 287,446287.4k $15.1m $15.1m 0.29% Added +10.8k +10,813
58 Waterfront Capital Partners, LLC 1.32% of their portfolio NEW YORK, NY 286,444286.4k $15.1m $15.1m 1.32% Reduced -138.6k -138,556
59 Asset Management One Co., Ltd. 0.06% of their portfolio TOKYO, M0 280,748280.7k $15.0m $15.0m 0.06% Added +16.8k +16,807
60 Long Pond Capital, LP 1.18% of their portfolio New York, NY 279,669279.7k $14.7m $14.7m 1.18% Reduced -967.9k -967,937
61 Swiss National Bank 0.01% of their portfolio ZURICH, V8 260,700260.7k $13.7m $13.7m 0.01% Reduced -30.0k -30,000
62 CANADA LIFE ASSURANCE Co 0.03% of their portfolio WINNIPEG, A2 256,228256.2k $13.5m $13.5m 0.03% Added +15.2k +15,233
63 SUN LIFE FINANCIAL INC 0.80% of their portfolio Toronto, A6 252,856252.9k $13.3m $13.3m 0.80% Unchanged
64 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 244,546244.5k $12.9m $12.9m 0.01% New
65 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 244,092244.1k $12.9m $12.9m 0.01% Reduced -9.0k -9,025
66 State of Alaska, Department of Revenue 0.15% of their portfolio JUNEAU, AK 235,256235.3k $12.4m $12.4m 0.15% Reduced -2.0k -2,040
67 Amundi 0.01% of their portfolio Paris, I0 231,796231.8k $12.3m $12.3m 0.01% Reduced -20.0k -19,990
68 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 230,385230.4k $12.1m $12.1m 0.01% Reduced -15.5k -15,468
69 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 227,128227.1k $12.0m $12.0m 0.03% Added +56.5k +56,541
70 Lighthouse Investment Partners, LLC 0.86% of their portfolio Palm Beach Gardens, FL 225,000225.0k $11.9m $11.9m 0.86% New
71 CIBC WORLD MARKETS CORP 0.06% of their portfolio NEW YORK, NY 224,194224.2k $11.8m $11.8m 0.06% New
72 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 209,670209.7k $11.0m $11.0m 0.02% Reduced -252.5k -252,471
73 State of Tennessee, Department of Treasury 0.04% of their portfolio NASHVILLE, TN 208,345208.3k $11.0m $11.0m 0.04% Added +183.3k +183,345
74 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 205,930205.9k $10.8m $10.8m 0.02% Reduced -35.2k -35,195
75 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 205,728205.7k $10.8m $10.8m 0.00% Reduced -51.7k -51,725
76 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 196,789196.8k $10.4m $10.4m 0.02% Reduced -27.2k -27,170
77 MAKENA CAPITAL MANAGEMENT LLC 2.34% of their portfolio MENLO PARK, CA 196,068196.1k $10.3m $10.3m 2.34% Reduced -5.2k -5,246
78 Pacer Advisors, Inc. 0.03% of their portfolio Malvern, PA 195,795195.8k $10.3m $10.3m 0.03% Added +9.8k +9,821
79 CI INVESTMENTS INC. 0.05% of their portfolio TORONTO, Z4 192,830192.8k $10.2m $10.2m 0.05% Reduced -933 -933
80 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 192,015192.0k $10.1m $10.1m 0.01% Added +74.8k +74,836
81 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 191,748191.7k $10.1m $10.1m 0.01% Added +56.8k +56,797
82 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 180,504180.5k $9.5m $9.5m 0.00% Reduced -43.4k -43,378
83 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 180,000180.0k $9.5m $9.5m 0.02% Reduced -408.3k -408,340
84 AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio New York, NY 178,671178.7k $9.4m $9.4m 0.04% Reduced -7.7k -7,659
85 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 175,450175.4k $9.2m $9.2m 0.00% Reduced -43.8k -43,825
86 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 175,132175.1k $9.2m $9.2m 0.02% Added +63.4k +63,445
87 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 172,580172.6k $9.1m $9.1m 0.01% Reduced -6.6k -6,602
88 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 171,130171.1k $9.0m $9.0m 0.00% Added +134.4k +134,386
89 Gillson Capital LP 0.93% of their portfolio CHICAGO, IL 167,867167.9k $8.8m $8.8m 0.93% New
90 GSI Capital Advisors LLC 5.16% of their portfolio Newport Beach, CA 161,628161.6k $8.5m $8.5m 5.16% Added +52.2k +52,155
91 ALLSTATE CORP 0.58% of their portfolio NORTHBROOK, IL 159,946159.9k $8.4m $8.4m 0.58% Reduced -63.7k -63,676
92 ALGERT GLOBAL LLC 0.33% of their portfolio SAN FRANCISCO, CA 156,888156.9k $8.3m $8.3m 0.33% Added +6.2k +6,170
93 THIRD AVENUE MANAGEMENT LLC 1.34% of their portfolio NEW YORK, NY 154,848154.8k $8.2m $8.2m 1.34% Reduced -2.9k -2,910
94 Zimmer Partners, LP 0.29% of their portfolio NEW YORK, NY 150,000150.0k $7.9m $7.9m 0.29% Reduced -250.0k -250,000
95 NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio TOKYO, M0 149,240149.2k $7.9m $7.9m 0.03% Added +3.3k +3,290
96 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 139,763139.8k $7.4m $7.4m 0.01% Reduced -6.6k -6,563
97 Artemis Investment Management LLP 0.10% of their portfolio EDINBURGH, X0 133,805133.8k $7.0m $7.0m 0.10% Reduced -499.0k -499,047
98 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 124,432124.4k $6.6m $6.6m 0.00% Reduced -35.9k -35,938
99 CHARTWELL INVESTMENT PARTNERS, LLC 0.23% of their portfolio BERYWN, PA 122,476122.5k $6.5m $6.5m 0.23% Reduced -4.4k -4,441
100 UBS Group AG 0.00% of their portfolio ZURICH, V8 115,202115.2k $6.1m $6.1m 0.00% Reduced -37.1k -37,141