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 ($13.5m this quarter). Holder counts are more reliable. Shares outstanding: 132.4m as of 2025-02-13, 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 ≈ $49.90. Options: 4 managers hold calls ($2.8m notional), 4 hold puts ($220.4k).
Trends to Q4 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 |
| Q4 2024 | 415 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 203 | 170 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $1.1m | $320.5k | 0.29 |
| Q2 2024 | $1.1m | $270.1k | 0.25 |
| Q3 2024 | $1.6m | $989.9k | 0.64 |
| Q4 2024 | $2.8m | $220.4k | 0.08 |
Biggest buyers
| BlackRock, Inc. | Added | +3.6m |
| Invesco Ltd. | Added | +1.9m |
| DEUTSCHE BANK AG\ | Added | +675.3k |
| RUSH ISLAND MANAGEMENT, LP | Added | +553.6k |
| PRUDENTIAL FINANCIAL INC | Added | +523.4k |
| NORTHERN TRUST CORP | Added | +453.5k |
| VANGUARD GROUP INC | Added | +304.6k |
| FMR LLC | Added | +303.9k |
| Waterfront Capital Partners, LLC | New | +291.7k |
| Woodline Partners LP | New | +282.2k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -4.3m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -2.0m |
| Blackstone Inc. | Reduced | -1.0m |
| ING GROEP NV | Sold out | -500.0k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -483.4k |
| CIBC WORLD MARKET INC. | Reduced | -449.8k |
| CIBC WORLD MARKETS CORP | Reduced | -446.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -389.0k |
| NATIXIS | Reduced | -347.1k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -322.2k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.8m35.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $877.3k17.5k shares |
| SIMPLEX TRADING, LLC | New | $180.0k3.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $155.4k3.1k shares |
| SIMPLEX TRADING, LLC | Added | $60.0k1.2k shares |
| GROUP ONE TRADING LLC | New | $5.0k100 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 19.3m $968.3m | Added +3.6m |
| VANGUARD GROUP INC 0.02% of their portfolio | 19.2m $962.0m | Added +304.6k |
| STATE STREET CORP 0.01% of their portfolio | 6.7m $337.7m | Added +134.7k |
| Invesco Ltd. 0.04% of their portfolio | 4.3m $214.4m | Added +1.9m |
| Blackstone Inc. 0.94% of their portfolio | 4.0m $199.5m | Reduced -1.0m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.41% of their portfolio | 2.7m $134.1m | Reduced -2.0m |
| MORGAN STANLEY 0.01% of their portfolio | 2.5m $125.8m | Added +12.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.5m $124.5m | Added +14.3k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 2.4m $121.9m | Added +130.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.4m $119.2m | Reduced -4.3m |
| MACQUARIE GROUP LTD 0.10% of their portfolio | 2.2m $79.4m | Reduced -169.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.2m $110.6m | Added +23.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.0m $98.2m | Reduced -26.2k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.9m $94.2m | Added +675.3k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.8m $89.7m | Reduced -32.6k |
| NORGES BANK 0.01% of their portfolio | 1.8m $90.5m | Added +197.1k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 1.7m $86.4m | Reduced -183.7k |
| RUSH ISLAND MANAGEMENT, LP 5.47% of their portfolio | 1.6m $82.2m | Added +553.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.6m $77.9m | Added +453.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 1.4m $70.9m | Reduced -91.4k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.66% of their portfolio | 1.4m $69.3m | Reduced -314.9k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 2.88% of their portfolio | 1.4m $68.2m | Reduced -99.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 1.2m $59.7m | Reduced -71.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $58.0m | Reduced -5.0k |
| Balyasny Asset Management L.P. 0.13% of their portfolio | 1.1m $55.8m | Reduced -250.4k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.0m $52.1m | Reduced -147.5k |
| LONDON CO OF VIRGINIA 0.27% of their portfolio | 974.1k $48.8m | Reduced -11.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 949.2k $47.6m | Added +68.1k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 871.3k $43.7m | Reduced -318.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 846.1k $42.4m | Reduced -48.9k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 799.5k $40.1m | Added +4.9k |
| Legal & General Group Plc 0.01% of their portfolio | 799.4k $40.1m | Reduced -73.5k |
| PRUDENTIAL FINANCIAL INC 0.06% of their portfolio | 792.6k $41.6m | Added +523.4k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 791.8k $39.7m | Added +1.9k |
| DEPRINCE RACE & ZOLLO INC 0.76% of their portfolio | 765.2k $38.4m | Reduced -310.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 698.7k $35.0m | Added +40.7k |
| Land & Buildings Investment Management, LLC 7.07% of their portfolio | 696.4k $34.9m | Reduced -127.5k |
| FMR LLC 0.00% of their portfolio | 630.6k $31.6m | Added +303.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 622.5k $31.2m | Reduced -41.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 595.0k $29.8m | Reduced -389.0k |
| Gillson Capital LP 2.67% of their portfolio | 591.9k $29.7m | Added +202.2k |
| Alyeska Investment Group, L.P. 0.11% of their portfolio | 589.4k $29.5m | Added +278.7k |
| Starwood Capital Group Management, L.L.C. 17.80% of their portfolio | 581.0k $29.1m | Unchanged |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 561.3k $28.1m | Reduced -181.3k |
| Argosy-Lionbridge Management, LLC 20.37% of their portfolio | 527.6k $26.4m | First filing |
| Alberta Investment Management Corp 0.16% of their portfolio | 492.4k $24.7m | Added +14.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 482.9k $24.2m | Reduced -136.7k |
| LORD, ABBETT & CO. LLC 0.07% of their portfolio | 471.4k $23.6m | Reduced -3.9k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 460.4k $23.1m | Added +37.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 443.1k $22.2m | Added +91.4k |
| Lighthouse Investment Partners, LLC 0.84% of their portfolio | 434.7k $21.8m | Added +109.7k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 434.7k $21.8m | Reduced -67.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.38% of their portfolio | 430.2k $21.6m | Added +113.4k |
| ExodusPoint Capital Management, LP 0.22% of their portfolio | 429.1k $21.5m | Added +147.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 405.9k $20.3m | Added +471 |
| Boston Partners 0.02% of their portfolio | 400.1k $20.2m | Added +8.6k |
| LANDMARK INVESTMENT PARTNERS, L.P. 6.66% of their portfolio | 328.7k $16.5m | First filing |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 321.9k $16.1m | Reduced -18.8k |
| SEGALL BRYANT & HAMILL, LLC 0.22% of their portfolio | 316.8k $15.9m | Added +9.0k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 312.7k $15.7m | Added +128.7k |
| Jain Global LLC 0.47% of their portfolio | 311.4k $15.6m | First filing |
| Waterfront Capital Partners, LLC 2.73% of their portfolio | 291.7k $14.6m | New |
| Woodline Partners LP 0.10% of their portfolio | 282.2k $14.1m | New |
| BARCLAYS PLC 0.01% of their portfolio | 275.0k $13.8m | Added +143.9k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 271.3k $13.6m | Added +9.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 264.5k $13.3m | Added +71.0k |
| Swiss National Bank 0.01% of their portfolio | 260.3k $13.0m | Added +1.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 246.5k $12.4m | Added +31.9k |
| State of Tennessee, Department of Treasury 0.04% of their portfolio | 245.9k $12.3m | Reduced -1.4k |
| Adelante Capital Management LLC 0.81% of their portfolio | 244.4k $12.3m | Added +32.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 242.1k $12.1m | Reduced -4.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 240.7k $12.1m | Added +7.5k |
| State of Alaska, Department of Revenue 0.13% of their portfolio | 237.2k $11.9m | Added +321 |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 231.3k $11.6m | Reduced -10.9k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 227.8k $11.5m | Added +9.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 220.4k $11.0m | Reduced -14.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 212.9k $10.7m | Reduced -119.0k |
| Jefferies Financial Group Inc. 0.12% of their portfolio | 210.0k $10.5m | New |
| Amundi 0.00% of their portfolio | 209.1k $10.3m | Reduced -2.9k |
| ALGERT GLOBAL LLC 0.21% of their portfolio | 180.2k $9.0m | Added +21.9k |
| Verition Fund Management LLC 0.05% of their portfolio | 180.1k $9.0m | Reduced -35.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 179.2k $9.0m | Added +2.2k |
| Focus Partners Wealth 0.01% of their portfolio | 176.5k $8.8m | Added +89.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 174.8k $8.8m | Added +10.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 164.9k $8.3m | Added +28.1k |
| Retirement Systems of Alabama 0.03% of their portfolio | 160.9k $8.1m | Added +164 |
| THIRD AVENUE MANAGEMENT LLC 1.52% of their portfolio | 157.1k $7.9m | Unchanged |
| Cubist Systematic Strategies, LLC 0.13% of their portfolio | 155.7k $7.8m | Added +14.0k |
| SUN LIFE FINANCIAL INC 0.42% of their portfolio | 151.4k $7.6m | Unchanged |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 151.0k $7.6m | Added +114.7k |
| GSI Capital Advisors LLC 3.97% of their portfolio | 149.8k $7.5m | Reduced -236 |
| Corebridge Financial, Inc. 0.04% of their portfolio | 149.8k $7.5m | Reduced -6.7k |
| CI INVESTMENTS INC. 0.03% of their portfolio | 147.7k $7.4m | Reduced -26.2k |
| Sterling Capital Management LLC 0.10% of their portfolio | 147.5k $7.4m | Added +1.6k |
| STRS OHIO 0.03% of their portfolio | 139.5k $7.0m | Reduced -99.6k |
| NFJ INVESTMENT GROUP, LLC 0.22% of their portfolio | 138.1k $6.9m | Reduced -886 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 136.4k $6.8m | Reduced -10.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 128.8k $6.5m | First filing |
| Fisher Asset Management, LLC 0.00% of their portfolio | 124.4k $6.2m | Reduced -1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 123.8k $6.2m | Reduced -1.4k |