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 ($15.9m this quarter). Holder counts are more reliable. Shares outstanding: 132.6m as of 2026-07-23, 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 ≈ $61.18. Options: 6 managers hold calls ($9.3m notional), 3 hold puts ($1.1m).
Trends to Q2 2026
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 |
| Q1 2025 | 440 |
| Q2 2025 | 422 |
| Q3 2025 | 417 |
| Q4 2025 | 450 |
| Q1 2026 | 463 |
| Q2 2026 | 488 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 203 | 169 |
| Q4 2024 | 203 | 170 |
| Q1 2025 | 232 | 172 |
| Q2 2025 | 223 | 223 |
| Q3 2025 | 197 | 209 |
| Q4 2025 | 219 | 178 |
| Q1 2026 | 257 | 164 |
| Q2 2026 | 248 | 183 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $725.4k | $10.0k | 0.01 |
| Q4 2025 | $83.4m | $0 | 0.00 |
| Q1 2026 | $9.4m | $28.9k | 0.00 |
| Q2 2026 | $9.3m | $1.1m | 0.12 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +783.6k |
| Qube Research & Technologies Ltd | Added | +738.6k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +547.7k |
| CIBC Bancorp USA Inc. | Added | +394.9k |
| Arbejdsmarkedets Tillaegspension | New | +360.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +348.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +323.0k |
| Quantinno Capital Management LP | Added | +306.2k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | Added | +274.1k |
Biggest sellers
| PGGM Investments | Sold out | -1.1m |
| Invesco Ltd. | Reduced | -1.0m |
| Alyeska Investment Group, L.P. | Reduced | -574.7k |
| DEUTSCHE BANK AG\ | Reduced | -571.8k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Reduced | -548.6k |
| Engineers Gate Manager LP | Reduced | -543.6k |
| Jain Global LLC | Sold out | -537.3k |
| RUSH ISLAND MANAGEMENT, LP | Reduced | -471.8k |
| STRS OHIO | Sold out | -464.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -382.6k |
Biggest calls
| JPMORGAN CHASE & CO | New | $5.6m88.5k shares |
| BANK OF MONTREAL /CAN/ | New | $1.3m21.0k shares |
| JANE STREET GROUP, LLC | New | $821.6k13.4k shares |
| CITADEL ADVISORS LLC | Reduced | $625.4k10.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $588.6k9.6k shares |
| GROUP ONE TRADING LLC | Added | $380.1k6.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $527.3k8.6k shares |
| JANE STREET GROUP, LLC | New | $392.4k6.4k shares |
| SIMPLEX TRADING, LLC | Added | $153.3k2.5k 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 since 1 Apr 2026
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 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $39.7k | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 16.7m $1.0bn | Reduced -46.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.04% of their portfolio | 12.7m $779.9m | Added +102.2k |
| STATE STREET CORP 0.01% of their portfolio | 6.3m $391.1m | Reduced -34.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 6.0m $366.8m | Added +53.6k |
| NORGES BANK 0.03% of their portfolio | 5.5m $335.4m | Not comparable |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.54% of their portfolio | 4.9m $297.7m | Added +547.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.9m $174.9m | Added +64.1k |
| COHEN & STEERS, INC. 0.27% of their portfolio | 2.7m $168.0m | Added +10.9k |
| PRUDENTIAL FINANCIAL INC 0.17% of their portfolio | 2.6m $160.2m | Reduced -174.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.6m $158.6m | Added +22.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.6m $163.9m | Added +1.0m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.43% of their portfolio | 2.5m $151.4m | Added +274.1k |
| Invesco Ltd. 0.01% of their portfolio | 2.4m $146.7m | Reduced -1.0m |
| MORGAN STANLEY 0.01% of their portfolio | 2.2m $134.1m | Added +83.6k |
| Thrivent Financial for Lutherans 0.22% of their portfolio | 2.2m $132.1m | Added +3.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.0m $123.3m | Reduced -15.0k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 1.8m $107.4m | Reduced -112.4k |
| Nuveen, LLC 0.02% of their portfolio | 1.7m $103.2m | Reduced -203.2k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.43% of their portfolio | 1.7m $103.0m | Reduced -548.6k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.7m $101.1m | Added +74.2k |
| Quantinno Capital Management LP 0.11% of their portfolio | 1.5m $93.4m | Added +306.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.5m $93.3m | Added +209.8k |
| Alyeska Investment Group, L.P. 0.23% of their portfolio | 1.4m $88.8m | Reduced -574.7k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.3m $79.7m | Reduced -571.8k |
| RUSH ISLAND MANAGEMENT, LP 5.21% of their portfolio | 1.3m $78.6m | Reduced -471.8k |
| Artemis Investment Management LLP 0.68% of their portfolio | 1.2m $75.9m | Added +51.2k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.10% of their portfolio | 1.1m $69.1m | Added +31.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.0m $64.0m | Reduced -21.4k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 1.0m $62.4m | Added +738.6k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 871.2k $53.4m | Reduced -382.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 857.7k $52.6m | Added +79.7k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 843.3k $51.7m | Added +348.5k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 839.1k $51.4m | Added +16.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 837.4k $51.3m | Added +17.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 823.8k $50.5m | Added +6.7k |
| Woodline Partners LP 0.16% of their portfolio | 820.1k $50.3m | Added +92.6k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 797.8k $48.9m | Added +163.3k |
| LONDON CO OF VIRGINIA 0.28% of their portfolio | 796.5k $48.9m | Reduced -43.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.45% of their portfolio | 788.8k $48.4m | Reduced -157.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 786.5k $48.2m | Added +783.6k |
| Land & Buildings Investment Management, LLC 8.21% of their portfolio | 781.1k $47.9m | Reduced -82.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 765.3k $46.9m | Reduced -18.9k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 745.8k $45.7m | Reduced -145.8k |
| Legal & General Group Plc 0.01% of their portfolio | 700.0k $42.9m | Reduced -55.1k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 670.8k $39.3m | Reduced -29.3k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.65% of their portfolio | 600.9k $36.8m | Added +129.0k |
| Heitman Real Estate Securities LLC 2.31% of their portfolio | 587.8k $36.0m | Reduced -5.4k |
| Starwood Capital Group Management, L.L.C. 16.63% of their portfolio | 581.0k $35.6m | Unchanged |
| Adelante Capital Management LLC 0.75% of their portfolio | 576.6k $11.4m | Added +32.0k |
| Gotham Asset Management, LLC 0.08% of their portfolio | 546.9k $33.5m | Added +166.3k |
| Boston Partners 0.03% of their portfolio | 492.8k $30.4m | Added +19.3k |
| Lighthouse Investment Partners, LLC 0.83% of their portfolio | 434.2k $26.6m | Added +36.4k |
| Vision Capital Corp 12.15% of their portfolio | 429.6k $26.3m | Reduced -54.3k |
| CIBC Bancorp USA Inc. 0.03% of their portfolio | 426.3k $26.1m | Added +394.9k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 408.4k $25.0m | Reduced -1.5k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 395.7k $24.3m | Reduced -45.1k |
| Alberta Investment Management Corp 0.14% of their portfolio | 393.3k $24.1m | Unchanged |
| Engineers Gate Manager LP 0.30% of their portfolio | 374.7k $23.0m | Reduced -543.6k |
| State of Tennessee, Department of Treasury 0.07% of their portfolio | 370.6k $22.7m | Reduced -910 |
| Arbejdsmarkedets Tillaegspension 0.48% of their portfolio | 360.0k $22.1m | New |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 353.3k $21.7m | Added +100.4k |
| SEGALL BRYANT & HAMILL, LLC 0.25% of their portfolio | 350.4k $21.5m | Added +27.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 341.2k $20.9m | Added +323.0k |
| APG Asset Management US Inc. 0.13% of their portfolio | 309.9k $19.1m | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 309.9k $19.0m | Added +264.9k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 303.4k $18.6m | Added +9.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 301.2k $18.5m | Added +10.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 301.0k $18.5m | Added +5.2k |
| LORD, ABBETT & CO. LLC 0.05% of their portfolio | 300.4k $18.4m | Reduced -2.1k |
| Daiwa Securities Group Inc. 0.04% of their portfolio | 285.3k $17.5m | Reduced -39.5k |
| FMR LLC 0.00% of their portfolio | 285.3k $17.5m | Reduced -213.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 282.9k $17.3m | Reduced -2.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 276.2k $16.9m | Reduced -12.9k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 274.8k $16.9m | Reduced -4.5k |
| UBS Group AG 0.00% of their portfolio | 270.5k $16.6m | Reduced -201.0k |
| Swiss National Bank 0.01% of their portfolio | 266.0k $16.3m | Added +3.9k |
| California Public Employees Retirement System 0.01% of their portfolio | 264.2k $16.2m | Added +19.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 252.0k $15.4m | Reduced -202.8k |
| HRT FINANCIAL LP 0.04% of their portfolio | 244.9k $15.0m | New |
| Caisse de depot et placement du Quebec 0.02% of their portfolio | 240.5k $14.7m | Added +210.4k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 228.5k $14.0m | Added +7.8k |
| State of Alaska, Department of Revenue 0.13% of their portfolio | 220.5k $13.5m | Reduced -14.9k |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 219.6k $13.5m | Added +7.7k |
| Apollo Management Holdings, L.P. 0.18% of their portfolio | 208.9k $12.8m | Unchanged |
| CITIGROUP INC 0.01% of their portfolio | 203.6k $12.5m | Reduced -29.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 203.0k $12.4m | Reduced -4.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 197.9k $12.1m | Added +114.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 196.8k $12.1m | Reduced -2.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 191.7k $11.1m | Reduced -82.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 188.6k $11.6m | Added +118.5k |
| Hazelview Securities Inc. 1.62% of their portfolio | 187.7k $11.7m | New |
| BARCLAYS PLC 0.00% of their portfolio | 176.3k $10.8m | Reduced -21.5k |
| NFJ INVESTMENT GROUP, LLC 0.36% of their portfolio | 174.8k $10.7m | Reduced -7.3k |
| Corient Private Wealth LP 0.01% of their portfolio | 173.8k $10.7m | Added +22.6k |
| Susquehanna Portfolio Strategies, LLC 0.16% of their portfolio | 165.8k $10.2m | Reduced -50.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 154.8k $9.5m | Reduced -2.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 154.1k $9.5m | Reduced -790 |
| Fisher Asset Management, LLC 0.00% of their portfolio | 153.7k $9.4m | Added +35.1k |
| Verition Fund Management LLC 0.07% of their portfolio | 152.6k $9.4m | Added +21.4k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 148.6k $9.1m | New |