First Industrial Realty Trust
420 hedge funds and large institutions have $6.33B invested in First Industrial Realty Trust in 2025 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 173 increasing their positions, 150 reducing their positions, and 71 closing their positions.
5,676% more call options, than puts
Call options by funds: $2.19M | Put options by funds: $38K
15% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 150
2.49% more ownership
Funds ownership: 96.62% → 99.11% (+2.5%)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
4% less funds holding
Funds holding: 439 → 420 (-19)
8% less capital invested
Capital invested by funds: $6.9B → $6.33B (-$570M)
23% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 71
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$101M |
| 2 |
RIM
Rush Island Management
New York
|
+$80.9M |
| 3 |
PI
PGGM Investments
Zeist,
Netherlands
|
+$78M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$75.1M |
| 5 |
EGM
Engineers Gate Manager
New York
|
+$49.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$61.8M |
| 2 |
Millennium Management
New York
|
-$46.2M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
-$42.9M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$42.8M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$39.9M |
FR Hedge Fund Activity: Q2 2025 in Review
420 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in First Industrial Realty Trust (FR) for Q2 2025, worth a combined $6.33B — down 8.3% from $6.9B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of FR and 55 opened new positions — a net loss of 16 holders — while 150 trimmed existing stakes and 173 added.
The largest buyer was Norges Bank, adding an estimated $101M. The largest seller was BlackRock, cutting an estimated $61.8M.
- 420 institutional investors held First Industrial Realty Trust (FR) as of Q2 2025, down from 439 in Q1 2025.
- Funds reported $6.33B of First Industrial Realty Trust stock for Q2 2025, down 8.3% quarter-over-quarter.
- 55 funds opened new First Industrial Realty Trust positions in Q2 2025 and 71 closed out, a net change of -16 holders.
- The largest First Industrial Realty Trust buyer in Q2 2025 was Norges Bank, an estimated $101M added.
- The largest First Industrial Realty Trust seller in Q2 2025 was BlackRock, an estimated $61.8M sold.
Based on aggregated 13F filings for Q2 2025.