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 ($3.1m this quarter). Holder counts are more reliable. Shares outstanding: 132.3m as of 2024-07-18, 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 ≈ $47.52. Options: 2 managers hold calls ($1.1m notional), 3 hold puts ($270.1k).
Trends to Q2 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 |
| Q2 2024 | 382 |
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 |
| Q2 2024 | 181 | 180 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $6.6m | $65.8k | 0.01 |
| Q4 2023 | $130.9k | $210.7k | 1.61 |
| Q1 2024 | $1.1m | $320.5k | 0.29 |
| Q2 2024 | $1.1m | $270.1k | 0.25 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.8m |
| JANUS HENDERSON GROUP PLC | Added | +1.2m |
| Balyasny Asset Management L.P. | Added | +610.8k |
| Land & Buildings Investment Management, LLC | Added | +581.5k |
| MACQUARIE GROUP LTD | Added | +559.5k |
| DEUTSCHE BANK AG\ | Added | +553.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +500.0k |
| BANK OF MONTREAL /CAN/ | Added | +456.1k |
| Boston Partners | New | +448.5k |
| NATIONAL BANK OF CANADA /FI/ | Added | +401.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -4.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.3m |
| NOMURA HOLDINGS INC | Reduced | -1.2m |
| Waterfront Capital Partners, LLC | Sold out | -600.0k |
| BlackRock Inc. | Reduced | -589.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -511.1k |
| Brookfield Corp /ON/ | Sold out | -486.2k |
| V3 Capital Management, L.P. | Sold out | -421.9k |
| MARSHALL WACE, LLP | Reduced | -356.7k |
| SG Americas Securities, LLC | Reduced | -333.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.1m22.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $247.1k5.2k shares |
| SIMPLEX TRADING, LLC | New | $23.0k500 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 19.0m $904.5m | Reduced -152.3k |
| BlackRock Inc. 0.02% of their portfolio | 15.2m $721.1m | Reduced -589.7k |
| STATE STREET CORP 0.01% of their portfolio | 6.6m $315.6m | Reduced -131.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 5.2m $247.8m | Added +1.8m |
| Blackstone Inc. 1.05% of their portfolio | 5.0m $237.6m | Unchanged |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.54% of their portfolio | 4.9m $234.7m | Added +7.9k |
| MACQUARIE GROUP LTD 0.19% of their portfolio | 3.5m $165.6m | Added +559.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.09% of their portfolio | 3.0m $143.6m | Reduced -76.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.5m $116.6m | Added +56.7k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 2.4m $111.8m | Reduced -55.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 2.2m $103.5m | Added +149.0k |
| MORGAN STANLEY 0.01% of their portfolio | 2.1m $101.9m | Reduced -4.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.1m $99.8m | Added +3.7k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.0m $96.1m | Added +118.2k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 2.0m $92.1m | Reduced -121.6k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.9m $89.5m | Added +553.0k |
| NORGES BANK 0.01% of their portfolio | 1.8m $84.6m | Reduced -49.8k |
| Invesco Ltd. 0.02% of their portfolio | 1.7m $80.0m | Added +17.7k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 3.09% of their portfolio | 1.5m $72.1m | Added +17.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.63% of their portfolio | 1.3m $63.7m | Reduced -24.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.3m $62.8m | Added +11.5k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.3m $62.0m | Added +1.2m |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 1.3m $61.6m | Added +26.4k |
| Balyasny Asset Management L.P. 0.14% of their portfolio | 1.2m $55.8m | Added +610.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.2m $55.7m | Reduced -215.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.1m $53.6m | Added +205.7k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.1m $51.3m | Reduced -299.5k |
| PRUDENTIAL FINANCIAL INC 0.07% of their portfolio | 1.0m $49.9m | Added +227.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 973.4k $46.2m | Added +8.1k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 960.8k $45.6m | Added +210.6k |
| Legal & General Group Plc 0.01% of their portfolio | 946.1k $44.9m | Reduced -131.0k |
| LONDON CO OF VIRGINIA 0.25% of their portfolio | 925.4k $44.0m | Reduced -1.9k |
| LORD, ABBETT & CO. LLC 0.07% of their portfolio | 885.7k $42.1m | Added +7.3k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 876.0k $41.3m | Added +401.0k |
| DEPRINCE RACE & ZOLLO INC 0.92% of their portfolio | 872.8k $41.5m | Added +21.5k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 861.2k $40.9m | Reduced -70.5k |
| Land & Buildings Investment Management, LLC 9.04% of their portfolio | 808.2k $38.4m | Added +581.5k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 742.5k $35.3m | Added +294.4k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 711.5k $33.5m | Reduced -153.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 606.4k $28.8m | Reduced -18.2k |
| Vision Capital Corp 8.68% of their portfolio | 562.8k $26.7m | Added +5.3k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 559.1k $26.6m | Added +456.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 546.3k $26.0m | Reduced -7.3k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 531.9k $25.3m | Added +79.5k |
| Presima Securities ULC 5.45% of their portfolio | 513.7k $24.5m | Added +57.3k |
| ING GROEP NV 0.14% of their portfolio | 500.0k $23.8m | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio | 500.0k $23.8m | New |
| Alberta Investment Management Corp 0.24% of their portfolio | 478.4k $22.7m | Unchanged |
| NOMURA HOLDINGS INC 0.15% of their portfolio | 477.6k $22.7m | Reduced -1.2m |
| NATIXIS 0.14% of their portfolio | 470.0k $22.3m | Reduced -17.0k |
| Boston Partners 0.03% of their portfolio | 448.5k $21.5m | New |
| Lighthouse Investment Partners, LLC 1.13% of their portfolio | 425.0k $20.2m | Added +200.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 420.8k $20.0m | Reduced -1.3m |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 410.4k $19.5m | Reduced -7.2k |
| Conversant Capital LLC 4.17% of their portfolio | 400.0k $19.0m | New |
| MARSHALL WACE, LLP 0.02% of their portfolio | 313.8k $14.9m | Reduced -356.7k |
| Adelante Capital Management LLC 1.18% of their portfolio | 313.2k $14.9m | Added +36.5k |
| FMR LLC 0.00% of their portfolio | 307.8k $14.6m | Added +54.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 306.0k $14.5m | Reduced -44.5k |
| SEGALL BRYANT & HAMILL, LLC 0.25% of their portfolio | 294.1k $14.0m | Added +26.0k |
| Schonfeld Strategic Advisors LLC 0.11% of their portfolio | 288.0k $13.7m | Added +119.8k |
| Starwood Capital Group Management, L.L.C. 33.67% of their portfolio | 285.9k $13.6m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 278.4k $13.2m | Added +141.6k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 278.0k $13.2m | Added +12.3k |
| Asset Management One Co., Ltd. 0.05% of their portfolio | 261.9k $12.4m | Reduced -20.8k |
| Swiss National Bank 0.01% of their portfolio | 260.3k $12.4m | Reduced -1.0k |
| SUN LIFE FINANCIAL INC 0.72% of their portfolio | 252.9k $12.0m | Unchanged |
| CIBC WORLD MARKETS CORP 0.08% of their portfolio | 250.0k $11.9m | Added +208.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 242.9k $11.5m | Reduced -8.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 240.8k $11.4m | Reduced -147.9k |
| State of Tennessee, Department of Treasury 0.04% of their portfolio | 240.7k $11.4m | Added +2.4k |
| State of Alaska, Department of Revenue 0.13% of their portfolio | 236.6k $11.2m | Added +893 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 229.1k $10.9m | Reduced -511.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 227.6k $10.8m | Reduced -5.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 215.5k $10.2m | Added +9.2k |
| Amundi 0.00% of their portfolio | 214.9k $10.2m | Reduced -7.1k |
| STRS OHIO 0.04% of their portfolio | 195.3k $9.3m | Reduced -73.4k |
| Pacer Advisors, Inc. 0.02% of their portfolio | 188.2k $8.9m | Reduced -6.4k |
| CI INVESTMENTS INC. 0.03% of their portfolio | 186.1k $8.8m | Reduced -2.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 180.9k $8.6m | Reduced -5.3k |
| DigitalBridge Group, Inc. 0.75% of their portfolio | 177.8k $8.4m | Reduced -142.3k |
| Verition Fund Management LLC 0.07% of their portfolio | 177.0k $8.4m | Reduced -3.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 171.4k $8.1m | Added +372 |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 168.6k $8.0m | Added +42.6k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 167.4k $8.0m | First filing |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 164.2k $7.8m | Added +9.3k |
| ALGERT GLOBAL LLC 0.26% of their portfolio | 164.0k $7.8m | Added +13.3k |
| Retirement Systems of Alabama 0.03% of their portfolio | 163.3k $7.8m | Reduced -218.8k |
| THIRD AVENUE MANAGEMENT LLC 1.28% of their portfolio | 157.1k $7.5m | Added +1.9k |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 155.9k $7.4m | Reduced -39.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 152.5k $7.2m | Added +67.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 147.7k $7.0m | Added +80.3k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.13% of their portfolio | 147.2k $7.0m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 143.4k $6.8m | Added +62.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 135.4k $6.4m | Added +15.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 129.2k $6.1m | Reduced -3.2k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 124.5k $5.9m | Reduced -479 |
| GUGGENHEIM CAPITAL LLC 0.04% of their portfolio | 113.8k $5.4m | Added +67.8k |
| Jefferies Financial Group Inc. 0.10% of their portfolio | 109.8k $5.2m | New |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.14% of their portfolio | 106.5k $5.1m | Reduced -5.6k |