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 ($7.5m this quarter). Holder counts are more reliable. Shares outstanding: 132.3m as of 2024-10-18, 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 ≈ $55.92. Options: 3 managers hold calls ($1.6m notional), 4 hold puts ($989.9k).
Trends to Q3 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 |
| Q3 2024 | 399 |
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 |
| Q3 2024 | 203 | 169 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $130.9k | $210.7k | 1.61 |
| Q1 2024 | $1.1m | $320.5k | 0.29 |
| Q2 2024 | $1.1m | $270.1k | 0.25 |
| Q3 2024 | $1.6m | $989.9k | 0.64 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.5m |
| CITADEL ADVISORS LLC | Added | +1.2m |
| RUSH ISLAND MANAGEMENT, LP | New | +1.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +769.4k |
| Invesco Ltd. | Added | +689.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +665.9k |
| NEUBERGER BERMAN GROUP LLC | Added | +487.3k |
| CIBC WORLD MARKET INC. | Added | +480.6k |
| Gillson Capital LP | New | +389.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +356.1k |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -1.5m |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -1.5m |
| MACQUARIE GROUP LTD | Reduced | -1.1m |
| PRUDENTIAL FINANCIAL INC | Reduced | -780.7k |
| DEUTSCHE BANK AG\ | Reduced | -679.6k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -525.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -500.0k |
| NOMURA HOLDINGS INC | Sold out | -477.6k |
| BANK OF MONTREAL /CAN/ | Reduced | -474.4k |
| LORD, ABBETT & CO. LLC | Reduced | -410.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $901.3k16.1k shares |
| CITADEL ADVISORS LLC | Reduced | $655.0k11.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $537.4k9.6k shares |
| CITADEL ADVISORS LLC | Added | $397.5k7.1k shares |
| SIMPLEX TRADING, LLC | Added | $55.0k1.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 18.9m $1.1bn | Reduced -152.2k |
| BlackRock, Inc. 0.02% of their portfolio | 15.7m $880.9m | First filing |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 6.7m $375.6m | Added +1.5m |
| STATE STREET CORP 0.02% of their portfolio | 6.6m $369.3m | Reduced -39.3k |
| Blackstone Inc. 1.27% of their portfolio | 5.0m $280.0m | Unchanged |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.48% of their portfolio | 4.7m $264.2m | Reduced -220.8k |
| MORGAN STANLEY 0.01% of their portfolio | 2.5m $139.8m | Added +352.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.5m $138.2m | Added +15.1k |
| MACQUARIE GROUP LTD 0.15% of their portfolio | 2.4m $134.5m | Reduced -1.1m |
| Invesco Ltd. 0.03% of their portfolio | 2.4m $132.9m | Added +689.4k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 2.3m $128.8m | Reduced -52.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.2m $122.2m | Added +81.8k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.0m $111.1m | Reduced -39.1k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 1.9m $106.8m | Added +1.2m |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.9m $102.1m | Reduced -106.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.89% of their portfolio | 1.7m $95.0m | Added +356.1k |
| NORGES BANK 0.01% of their portfolio | 1.6m $90.0m | Reduced -172.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 1.5m $84.2m | Reduced -1.5m |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 3.12% of their portfolio | 1.5m $81.7m | Reduced -58.7k |
| Balyasny Asset Management L.P. 0.20% of their portfolio | 1.4m $76.3m | Added +189.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 1.3m $70.7m | Reduced -34.0k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.2m $67.4m | Reduced -679.6k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 1.2m $66.6m | Added +769.4k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.2m $66.4m | Reduced -117.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $65.0m | Reduced -160.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.1m $61.6m | Reduced -26.8k |
| RUSH ISLAND MANAGEMENT, LP 4.70% of their portfolio | 1.1m $60.8m | New |
| DEPRINCE RACE & ZOLLO INC 1.15% of their portfolio | 1.1m $60.2m | Added +202.6k |
| LONDON CO OF VIRGINIA 0.29% of their portfolio | 985.8k $55.2m | Added +60.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 984.0k $55.1m | Reduced -187.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 895.0k $50.1m | Added +665.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 881.1k $49.3m | Reduced -92.4k |
| Legal & General Group Plc 0.01% of their portfolio | 873.0k $48.9m | Reduced -73.1k |
| Land & Buildings Investment Management, LLC 9.43% of their portfolio | 824.0k $46.1m | Added +15.8k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 794.5k $44.5m | Reduced -166.2k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 790.0k $44.2m | Reduced -71.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 742.5k $41.7m | Reduced -333.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 664.4k $37.2m | Added +118.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 658.0k $36.8m | Reduced -1.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 619.5k $34.7m | Added +13.1k |
| Starwood Capital Group Management, L.L.C. 23.08% of their portfolio | 581.0k $32.5m | Added +295.1k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 502.1k $28.1m | Reduced -29.8k |
| ING GROEP NV 0.16% of their portfolio | 500.0k $28.0m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 495.5k $27.7m | Added +487.3k |
| CIBC WORLD MARKET INC. 0.06% of their portfolio | 491.2k $27.5m | Added +480.6k |
| CIBC WORLD MARKETS CORP 0.20% of their portfolio | 485.0k $27.1m | Added +235.0k |
| Alberta Investment Management Corp 0.23% of their portfolio | 478.4k $26.8m | Unchanged |
| LORD, ABBETT & CO. LLC 0.08% of their portfolio | 475.4k $26.6m | Reduced -410.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 423.2k $23.7m | Reduced -288.3k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 405.4k $22.7m | Reduced -5.0k |
| NATIXIS 0.13% of their portfolio | 394.8k $22.1m | Reduced -75.2k |
| Boston Partners 0.03% of their portfolio | 391.5k $21.8m | Reduced -57.1k |
| Gillson Capital LP 1.98% of their portfolio | 389.7k $21.8m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 351.7k $19.7m | Added +208.3k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 350.1k $19.6m | Reduced -525.9k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 340.6k $19.1m | Added +99.8k |
| Zimmer Partners, LP 0.35% of their portfolio | 333.1k $18.6m | New |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 331.9k $18.6m | New |
| FMR LLC 0.00% of their portfolio | 326.8k $18.3m | Added +19.0k |
| Lighthouse Investment Partners, LLC 0.98% of their portfolio | 325.0k $18.2m | Reduced -100.0k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.28% of their portfolio | 316.9k $17.7m | Added +169.7k |
| Alyeska Investment Group, L.P. 0.09% of their portfolio | 310.7k $17.4m | New |
| SEGALL BRYANT & HAMILL, LLC 0.23% of their portfolio | 307.8k $17.2m | Added +13.7k |
| ExodusPoint Capital Management, LP 0.16% of their portfolio | 281.3k $15.7m | Added +263.3k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 269.2k $15.1m | Reduced -780.7k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 261.7k $14.7m | Reduced -16.2k |
| Swiss National Bank 0.01% of their portfolio | 258.5k $14.5m | Reduced -1.8k |
| State of Tennessee, Department of Treasury 0.05% of their portfolio | 247.4k $13.8m | Added +6.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 246.0k $13.8m | Added +3.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 242.2k $13.6m | Reduced -63.8k |
| Presima Securities ULC 2.95% of their portfolio | 240.1k $13.4m | Reduced -273.6k |
| STRS OHIO 0.05% of their portfolio | 239.1k $13.4m | Added +43.8k |
| State of Alaska, Department of Revenue 0.14% of their portfolio | 236.9k $13.3m | Added +278 |
| California Public Employees Retirement System 0.01% of their portfolio | 234.7k $13.1m | Added +7.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 233.3k $13.1m | Added +17.8k |
| Vision Capital Corp 3.16% of their portfolio | 227.8k $12.8m | Reduced -335.0k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 218.8k $12.2m | Reduced -43.2k |
| Verition Fund Management LLC 0.08% of their portfolio | 215.3k $12.1m | Added +38.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 214.6k $12.0m | Reduced -63.7k |
| Adelante Capital Management LLC 0.27% of their portfolio | 212.1k $4.2m | Reduced -101.1k |
| Amundi 0.00% of their portfolio | 212.0k $11.4m | Reduced -2.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 193.5k $10.5m | Added +58.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 184.0k $10.3m | Reduced -129.8k |
| Pacer Advisors, Inc. 0.02% of their portfolio | 183.4k $10.3m | Reduced -4.8k |
| Schonfeld Strategic Advisors LLC 0.08% of their portfolio | 182.4k $10.2m | Reduced -105.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 177.1k $9.9m | Reduced -3.8k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 174.5k $9.8m | New |
| CI INVESTMENTS INC. 0.04% of their portfolio | 173.9k $9.7m | Reduced -12.2k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 169.1k $9.5m | Added +481 |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 164.8k $9.2m | Added +570 |
| Retirement Systems of Alabama 0.03% of their portfolio | 160.8k $9.0m | Reduced -2.6k |
| ALGERT GLOBAL LLC 0.24% of their portfolio | 158.3k $8.9m | Reduced -5.8k |
| THIRD AVENUE MANAGEMENT LLC 1.44% of their portfolio | 157.1k $8.8m | Unchanged |
| Corebridge Financial, Inc. 0.05% of their portfolio | 156.5k $8.8m | Reduced -10.9k |
| SUN LIFE FINANCIAL INC 0.47% of their portfolio | 151.4k $8.5m | Reduced -101.5k |
| GSI Capital Advisors LLC 4.20% of their portfolio | 150.0k $8.4m | Added +50.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 146.7k $8.2m | Reduced -5.8k |
| Sterling Capital Management LLC 0.11% of their portfolio | 145.9k $8.2m | First filing |
| Cubist Systematic Strategies, LLC 0.12% of their portfolio | 141.7k $7.9m | Added +116.6k |
| UBS Group AG 0.00% of their portfolio | 141.4k $7.9m | Added +40.3k |