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 ($8.7m this quarter). Holder counts are more reliable. Shares outstanding: 132.3m as of 2024-04-19, 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 ≈ $51.51. Options: 2 managers hold calls ($1.1m notional), 2 hold puts ($320.5k).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 345 |
| Q4 2022 | 342 |
| Q1 2023 | 345 |
| Q2 2023 | 364 |
| Q3 2023 | 377 |
| Q4 2023 | 362 |
| Q1 2024 | 374 |
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 |
| Q2 2023 | 166 | 157 |
| Q3 2023 | 190 | 172 |
| Q4 2023 | 169 | 196 |
| Q1 2024 | 172 | 175 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $257.9k | $68.1k | 0.26 |
| Q3 2023 | $6.6m | $65.8k | 0.01 |
| Q4 2023 | $130.9k | $210.7k | 1.61 |
| Q1 2024 | $1.1m | $320.5k | 0.29 |
Biggest buyers
| MACQUARIE GROUP LTD | Added | +2.5m |
| MORGAN STANLEY | Added | +2.3m |
| DEUTSCHE BANK AG\ | Added | +1.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.1m |
| GOLDMAN SACHS GROUP INC | Added | +639.6k |
| PRUDENTIAL FINANCIAL INC | Added | +612.3k |
| Russell Investments Group, Ltd. | Added | +575.1k |
| Presima Securities ULC | Added | +435.6k |
| Brookfield Corp /ON/ | Added | +402.3k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +380.8k |
Biggest sellers
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -4.1m |
| JPMORGAN CHASE & CO | Reduced | -1.5m |
| NOMURA HOLDINGS INC | Reduced | -1.5m |
| HSBC HOLDINGS PLC | Reduced | -755.5k |
| V3 Capital Management, L.P. | Reduced | -745.9k |
| STATE STREET CORP | Reduced | -632.1k |
| Walleye Capital LLC | Reduced | -515.6k |
| Crestline Management, L.P. | Sold out | -500.0k |
| Point72 Asset Management, L.P. | Reduced | -471.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -468.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.1m21.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $320.5k6.1k 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 2024
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 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 1 | $397.3k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 19.2m $1.0bn | Added +77.3k |
| BlackRock Inc. 0.02% of their portfolio | 15.8m $828.4m | Added +63.4k |
| STATE STREET CORP 0.02% of their portfolio | 6.7m $355.7m | Reduced -632.1k |
| MORGAN STANLEY 0.01% of their portfolio | 6.2m $324.4m | Added +2.3m |
| Blackstone Inc. 1.13% of their portfolio | 5.0m $262.8m | Unchanged |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.59% of their portfolio | 4.9m $224.0m | Added +380.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.4m $180.8m | Reduced -1.5m |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 3.1m $162.8m | Reduced -4.1m |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 2.9m $64.5m | Added +2.5m |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 2.4m $126.6m | Reduced -92.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.4m $125.9m | Added +87.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 2.1m $110.2m | Added +55.0k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 2.1m $108.3m | Reduced -457.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 2.0m $106.6m | Added +173.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.9m $100.1m | Reduced -5.5k |
| NORGES BANK 0.02% of their portfolio | 1.8m $96.1m | Added +338.4k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 1.8m $92.5m | Added +1.1m |
| Invesco Ltd. 0.02% of their portfolio | 1.7m $87.6m | Reduced -64.4k |
| NOMURA HOLDINGS INC 0.70% of their portfolio | 1.6m $85.8m | Reduced -1.5m |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 3.25% of their portfolio | 1.5m $78.8m | Reduced -132.8k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.4m $72.9m | Added +639.6k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.4m $72.5m | Added +91.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.67% of their portfolio | 1.4m $71.7m | Added +119.2k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.3m $69.9m | Added +1.1m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.3m $68.8m | Reduced -50.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 1.3m $66.8m | Reduced -41.0k |
| Legal & General Group Plc 0.02% of their portfolio | 1.1m $56.6m | Reduced -24.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 965.4k $50.7m | Added +2.6k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 931.7k $49.0m | Added +60.9k |
| LONDON CO OF VIRGINIA 0.26% of their portfolio | 927.2k $48.7m | Added +38.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 921.9k $48.4m | Reduced -117.9k |
| LORD, ABBETT & CO. LLC 0.08% of their portfolio | 878.4k $46.2m | Reduced -1.4k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 865.3k $45.5m | Reduced -755.5k |
| DEPRINCE RACE & ZOLLO INC 0.96% of their portfolio | 851.4k $44.7m | Added +233.5k |
| PRUDENTIAL FINANCIAL INC 0.06% of their portfolio | 821.9k $43.2m | Added +612.3k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 750.2k $39.4m | Added +575.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 740.3k $38.9m | Reduced -80.3k |
| MARSHALL WACE, LLP 0.06% of their portfolio | 670.5k $35.2m | Added +338.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 624.6k $32.8m | Added +1.3k |
| Waterfront Capital Partners, LLC 2.94% of their portfolio | 600.0k $31.5m | Added +313.6k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 563.4k $29.6m | Reduced -180.2k |
| Vision Capital Corp 8.81% of their portfolio | 557.5k $29.3m | Reduced -200.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 553.5k $29.1m | Reduced -468.8k |
| ING GROEP NV 0.18% of their portfolio | 500.0k $26.3m | Unchanged |
| NATIXIS 0.14% of their portfolio | 487.0k $25.6m | Added +172.0k |
| Brookfield Corp /ON/ 0.15% of their portfolio | 486.2k $25.5m | Added +402.3k |
| Alberta Investment Management Corp 0.25% of their portfolio | 478.4k $25.1m | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 475.0k $22.7m | Added +295.0k |
| Presima Securities ULC 5.59% of their portfolio | 456.4k $24.0m | Added +435.6k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 452.4k $23.8m | Added +352.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 448.1k $23.5m | Added +203.6k |
| V3 Capital Management, L.P. 6.76% of their portfolio | 421.9k $22.2m | Reduced -745.9k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 417.6k $21.9m | Reduced -15.4k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 388.7k $20.4m | Reduced -59.6k |
| Retirement Systems of Alabama 0.08% of their portfolio | 382.1k $20.1m | Added +436 |
| SG Americas Securities, LLC 0.10% of their portfolio | 363.6k $19.1m | Added +341.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 350.4k $18.4m | Reduced -36.3k |
| DigitalBridge Group, Inc. 1.52% of their portfolio | 320.1k $16.8m | Added +18.5k |
| Asset Management One Co., Ltd. 0.06% of their portfolio | 282.8k $14.9m | Added +2.0k |
| Adelante Capital Management LLC 0.36% of their portfolio | 276.7k $5.5m | Reduced -142.7k |
| STRS OHIO 0.06% of their portfolio | 268.7k $14.1m | Reduced -36.9k |
| SEGALL BRYANT & HAMILL, LLC 0.26% of their portfolio | 268.1k $14.1m | Reduced -19.3k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 265.7k $14.0m | Added +9.4k |
| Swiss National Bank 0.01% of their portfolio | 261.3k $13.7m | Added +600 |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 257.0k $13.5m | Added +26.6k |
| FMR LLC 0.00% of their portfolio | 253.5k $13.3m | Added +226.7k |
| SUN LIFE FINANCIAL INC 0.84% of their portfolio | 252.9k $13.3m | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 250.9k $13.2m | Reduced -58.8k |
| State of Tennessee, Department of Treasury 0.05% of their portfolio | 238.3k $12.5m | Added +30.0k |
| State of Alaska, Department of Revenue 0.14% of their portfolio | 235.7k $12.4m | Added +460 |
| California Public Employees Retirement System 0.01% of their portfolio | 232.7k $12.2m | Reduced -11.4k |
| Land & Buildings Investment Management, LLC 2.61% of their portfolio | 226.7k $11.9m | New |
| Lighthouse Investment Partners, LLC 0.69% of their portfolio | 225.0k $11.8m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 222.9k $11.7m | Added +131.5k |
| Amundi 0.00% of their portfolio | 222.0k $10.2m | Reduced -9.8k |
| Cubist Systematic Strategies, LLC 0.13% of their portfolio | 219.6k $11.5m | Added +199.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 206.3k $10.8m | Added +539 |
| MAKENA CAPITAL MANAGEMENT LLC 2.41% of their portfolio | 197.3k $10.4m | Added +1.2k |
| TRUIST FINANCIAL CORP 0.02% of their portfolio | 195.2k $10.3m | Reduced -10.8k |
| Pacer Advisors, Inc. 0.02% of their portfolio | 194.6k $10.2m | Reduced -1.2k |
| BARCLAYS PLC 0.00% of their portfolio | 190.9k $10.0m | Reduced -1.1k |
| CI INVESTMENTS INC. 0.04% of their portfolio | 188.1k $9.9m | Reduced -4.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 186.2k $9.8m | Reduced -40.9k |
| Verition Fund Management LLC 0.09% of their portfolio | 180.9k $9.5m | Reduced -156.9k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 175.1k $9.2m | Reduced -3.6k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 171.0k $9.0m | Reduced -1.6k |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 168.2k $8.8m | Reduced -269.4k |
| GSI Capital Advisors LLC 4.87% of their portfolio | 157.7k $8.3m | Reduced -3.9k |
| THIRD AVENUE MANAGEMENT LLC 1.30% of their portfolio | 155.3k $8.2m | Added +415 |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 154.9k $8.1m | Added +5.6k |
| CITIGROUP INC 0.01% of their portfolio | 152.7k $8.0m | Added +73.6k |
| ALGERT GLOBAL LLC 0.31% of their portfolio | 150.7k $7.9m | Reduced -6.2k |
| ALLSTATE CORP 0.56% of their portfolio | 149.8k $7.9m | Reduced -10.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 136.7k $7.2m | Reduced -55.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 132.4k $7.0m | Reduced -7.4k |
| UBS Group AG 0.00% of their portfolio | 131.1k $6.9m | Added +15.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 130.0k $6.8m | Added +47.9k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 126.0k $6.6m | Reduced -70.8k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 125.0k $6.6m | Added +529 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 122.7k $6.4m | Reduced -52.8k |