First Industrial Realty Trust
439 hedge funds and large institutions have $6.9B invested in First Industrial Realty Trust in 2025 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 178 increasing their positions, 132 reducing their positions, and 39 closing their positions.
64% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 39
35% more repeat investments, than reductions
Existing positions increased: 178 | Existing positions reduced: 132
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
9% more capital invested
Capital invested by funds: $6.31B → $6.9B (+$589M)
6% more funds holding
Funds holding: 415 → 439 (+24)
1.08% more ownership
Funds ownership: 95.54% → 96.62% (+1.1%)
6% less call options, than puts
Call options by funds: $237K | Put options by funds: $253K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$121M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$96.4M |
| 3 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
+$88.7M |
| 4 |
Millennium Management
New York
|
+$75.2M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$66.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$200M |
| 2 |
RIM
Rush Island Management
New York
|
-$82.2M |
| 3 |
BlackRock
New York
|
-$71.5M |
| 4 |
LIMS
Lasalle Investment Management Securities
Baltimore,
Maryland
|
-$39M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$36.8M |
FR Hedge Fund Activity: Q1 2025 in Review
439 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in First Industrial Realty Trust (FR) for Q1 2025, worth a combined $6.9B — up 9.3% from $6.31B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new FR positions and 39 closed out — a net gain of 25 holders — while 178 added to existing stakes and 132 trimmed.
The largest buyer was Thrivent Financial for Lutherans, adding an estimated $121M. The largest seller was Blackstone Inc, exiting entirely with an estimated $200M sold.
- 439 institutional investors held First Industrial Realty Trust (FR) as of Q1 2025, up from 415 in Q4 2024.
- Funds reported $6.9B of First Industrial Realty Trust stock for Q1 2025, up 9.3% quarter-over-quarter.
- 64 funds opened new First Industrial Realty Trust positions in Q1 2025 and 39 closed out, a net change of +25 holders.
- The largest First Industrial Realty Trust buyer in Q1 2025 was Thrivent Financial for Lutherans, an estimated $121M added.
- The largest First Industrial Realty Trust seller in Q1 2025 was Blackstone Inc, an estimated $200M sold.
Based on aggregated 13F filings for Q1 2025.