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First Industrial Realty Trust
FR

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
417
Holders Change
-3
Holders Change %
-0.71%
% of All Funds
5.47%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
50
Increased
150
Reduced
162
Closed
47
Calls
$725K
Puts
$10K
Net Calls
+$715K
Net Calls Change
-$1.44M

Top Buyers

1
DPIM
Duff & Phelps Investment Management
Illinois
+$72.8M
2
Citadel Advisors
Citadel Advisors
Florida
+$52.9M
3
PI
PGGM Investments
Netherlands
+$37M
4
UBS AM
UBS AM
Illinois
+$35M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$27M

Top Sellers

1
AllianceBernstein
AllianceBernstein
Tennessee
-$57.7M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$37.7M
3
CC
Conversant Capital
New Jersey
-$18.8M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$13.4M
5
Jane Street
Jane Street
New York
-$13.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1B -$4.77M -94,946 -0.5%
BlackRock
2
BlackRock
New York
$859M -$2.29M -45,495 -0.3%
State Street
3
State Street
Massachusetts
$342M -$2.61M -51,859 -0.8%
Invesco
4
Invesco
Georgia
$224M +$16.2M +323,248 +8%
Prudential Financial
5
Prudential Financial
New Jersey
$136M +$955K +19,001 +0.7%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$133M +$2.83M +56,368 +2%
Morgan Stanley
7
Morgan Stanley
New York
$133M -$9.87M -196,401 -7%
Citadel Advisors
8
Citadel Advisors
Florida
$129M +$52.9M +1,052,185 +73%
CIMLRA
9
CBRE Investment Management Listed Real Assets
Pennsylvania
$125M +$4.78M +95,177 +4%
Charles Schwab
10
Charles Schwab
California
$124M +$2.1M +41,800 +2%
CIM
11
Centersquare Investment Management
Pennsylvania
$123M -$5.14M -102,221 -4%
PI
12
PGGM Investments
Netherlands
$120M +$37M +736,477 +46%
Thrivent Financial for Lutherans
13
Thrivent Financial for Lutherans
Minnesota
$110M +$3.17M +63,112 +3%
Deutsche Bank
14
Deutsche Bank
Germany
$108M -$1.26M -25,044 -1%
RIM
15
Rush Island Management
New York
$106M +$19.8M +393,655 +24%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$102M +$3.04M +60,605 +3%
Alyeska Investment Group
17
Alyeska Investment Group
Illinois
$92M +$27M +536,498 +43%
Macquarie Group
18
Macquarie Group
Australia
$85.9M +$11.8M +235,580 +16%
AQR Capital Management
19
AQR Capital Management
Connecticut
$81.7M -$13.4M -265,935 -14%
JP Morgan Chase
20
JP Morgan Chase
New York
$81.7M +$6.43M +127,915 +9%
Ameriprise
21
Ameriprise
Minnesota
$80.8M -$4.86M -96,681 -6%
EGM
22
Engineers Gate Manager
New York
$77.1M +$20.9M +415,422 +38%
DPIM
23
Duff & Phelps Investment Management
Illinois
$74.6M +$72.8M +1,449,075 New
Northern Trust
24
Northern Trust
Illinois
$70.7M -$4.6M -91,615 -6%
FCM
25
Frontier Capital Management
Massachusetts
$66.4M -$1.15M -22,844 -2%
1
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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.