First Industrial Realty Trust
417 hedge funds and large institutions have $6.59B invested in First Industrial Realty Trust in 2025 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 150 increasing their positions, 162 reducing their positions, and 47 closing their positions.
7,150% more call options, than puts
Call options by funds: $725K | Put options by funds: $10K
6% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 47
4% more capital invested
Capital invested by funds: $6.33B → $6.59B (+$265M)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
1% less funds holding
Funds holding: 420 → 417 (-3)
7% less repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 162
2.4% less ownership
Funds ownership: 99.11% → 96.71% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
+$72.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$52.9M |
| 3 |
PI
PGGM Investments
Zeist,
Netherlands
|
+$37M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$35M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$57.7M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$37.7M |
| 3 |
CC
Conversant Capital
Summit,
New Jersey
|
-$18.8M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$13.4M |
| 5 |
Jane Street
New York
|
-$13.2M |
FR Hedge Fund Activity: Q3 2025 in Review
417 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Industrial Realty Trust (FR) for Q3 2025, worth a combined $6.59B — up 4.2% from $6.33B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new FR positions and 47 closed out — a net gain of 3 holders — while 150 added to existing stakes and 162 trimmed.
The largest buyer was Duff & Phelps Investment Management, opening a new position worth an estimated $72.8M. The largest seller was AllianceBernstein, cutting an estimated $57.7M.
- 417 institutional investors held First Industrial Realty Trust (FR) as of Q3 2025, down from 420 in Q2 2025.
- Funds reported $6.59B of First Industrial Realty Trust stock for Q3 2025, up 4.2% quarter-over-quarter.
- 50 funds opened new First Industrial Realty Trust positions in Q3 2025 and 47 closed out, a net change of +3 holders.
- The largest First Industrial Realty Trust buyer in Q3 2025 was Duff & Phelps Investment Management, an estimated $72.8M added.
- The largest First Industrial Realty Trust seller in Q3 2025 was AllianceBernstein, an estimated $57.7M sold.
Based on aggregated 13F filings for Q3 2025.