First Industrial Realty Trust
362 hedge funds and large institutions have $6.75B invested in First Industrial Realty Trust in 2023 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 133 increasing their positions, 140 reducing their positions, and 57 closing their positions.
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
8% more capital invested
Capital invested by funds: $6.23B → $6.75B (+$520M)
5% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 140
2.07% less ownership
Funds ownership: 98.92% → 96.85% (-2.1%)
3% less funds holding
Funds holding: 375 → 362 (-13)
11% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 57
38% less call options, than puts
Call options by funds: $131K | Put options by funds: $211K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$77.8M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$51.5M |
| 3 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$40.5M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$28.8M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$27.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$82.9M |
| 2 |
TCIM
TOMS Capital Investment Management
New York
|
-$76.8M |
| 3 |
Daiwa Securities Group
Tokyo,
Japan
|
-$70.2M |
| 4 |
LPC
Long Pond Capital
New York
|
-$45.1M |
| 5 |
UIC
Uniplan Investment Counsel
Milwaukee,
Wisconsin
|
-$40.6M |
FR Hedge Fund Activity: Q4 2023 in Review
362 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Industrial Realty Trust (FR) for Q4 2023, worth a combined $6.75B — up 8.3% from $6.23B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of FR and 51 opened new positions — a net loss of 6 holders — while 140 trimmed existing stakes and 133 added.
The largest buyer was Morgan Stanley, adding an estimated $77.8M. The largest seller was Cohen & Steers, exiting entirely with an estimated $82.9M sold.
- 362 institutional investors held First Industrial Realty Trust (FR) as of Q4 2023, down from 375 in Q3 2023.
- Funds reported $6.75B of First Industrial Realty Trust stock for Q4 2023, up 8.3% quarter-over-quarter.
- 51 funds opened new First Industrial Realty Trust positions in Q4 2023 and 57 closed out, a net change of -6 holders.
- The largest First Industrial Realty Trust buyer in Q4 2023 was Morgan Stanley, an estimated $77.8M added.
- The largest First Industrial Realty Trust seller in Q4 2023 was Cohen & Steers, an estimated $82.9M sold.
Based on aggregated 13F filings for Q4 2023.