First Industrial Realty Trust
450 hedge funds and large institutions have $7.59B invested in First Industrial Realty Trust in 2025 Q4 according to their latest regulatory filings, with 70 funds opening new positions, 166 increasing their positions, 148 reducing their positions, and 31 closing their positions.
126% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 31
15% more capital invested
Capital invested by funds: $6.59B → $7.59B (+$998M)
12% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 148
8% more funds holding
Funds holding: 417 → 450 (+33)
3.6% more ownership
Funds ownership: 96.71% → 100.31% (+3.6%)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$115M |
| 2 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
+$41M |
| 3 |
GC
Gillson Capital
Chicago,
Illinois
|
+$28.2M |
| 4 |
TCIM
TOMS Capital Investment Management
New York
|
+$23.7M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$20.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$106M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$89.2M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$49.6M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$47.8M |
| 5 |
PI
PGGM Investments
Zeist,
Netherlands
|
-$32.6M |
FR Hedge Fund Activity: Q4 2025 in Review
450 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in First Industrial Realty Trust (FR) for Q4 2025, worth a combined $7.59B — up 15% from $6.59B a quarter earlier.
Buyers outnumbered sellers: 70 funds opened new FR positions and 31 closed out — a net gain of 39 holders — while 166 added to existing stakes and 148 trimmed.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $115M. The largest seller was Citadel Advisors, cutting an estimated $106M.
- 450 institutional investors held First Industrial Realty Trust (FR) as of Q4 2025, up from 417 in Q3 2025.
- Funds reported $7.59B of First Industrial Realty Trust stock for Q4 2025, up 15% quarter-over-quarter.
- 70 funds opened new First Industrial Realty Trust positions in Q4 2025 and 31 closed out, a net change of +39 holders.
- The largest First Industrial Realty Trust buyer in Q4 2025 was Cohen & Steers, an estimated $115M added.
- The largest First Industrial Realty Trust seller in Q4 2025 was Citadel Advisors, an estimated $106M sold.
Based on aggregated 13F filings for Q4 2025.