Cliff Asness's FR Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.58 M shares of First Industrial Realty Trust, Inc. (FR) worth $90.34 M, representing 0.05% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in FR, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2025, adding 1.54 M shares. Largest reduction occurred in Q3 2025, reducing 265,935 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's First Industrial Realty Trust (FR) Holding Value Over Time
Track share changes against reported price movement
Quarterly First Industrial Realty Trust (FR) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -11,829 | Reduce 0.74% | 1.58 M | $57.27 |
| Q3 2025 | -265,935 | Reduce 14.33% | 1.59 M | $51.38 |
| Q2 2025 | +1.54 M | Add 491.90% | 1.86 M | $48.13 |
| Q1 2025 | +203,788 | Add 185.86% | 313,436 | $53.92 |
| Q4 2024 | +22,142 | Add 25.30% | 109,648 | $50.10 |
| Q3 2024 | +1,922 | Add 2.25% | 87,506 | $55.52 |
| Q2 2024 | -44,445 | Reduce 34.18% | 85,584 | $46.61 |
| Q1 2024 | +47,930 | Add 58.38% | 130,029 | $52.54 |
| Q4 2023 | +26,426 | Add 47.47% | 82,099 | $52.67 |
| Q3 2023 | +9,334 | Add 20.14% | 55,673 | $47.59 |
| Q2 2023 | +3,018 | Add 6.97% | 46,339 | $52.54 |
| Q1 2023 | -36,200 | Reduce 45.52% | 43,321 | $52.82 |
| Q4 2022 | -76,826 | Reduce 49.14% | 79,521 | $48.22 |
| Q3 2022 | +40,151 | Add 34.55% | 156,347 | $44.81 |
| Q2 2022 | +51,979 | Add 80.94% | 116,196 | $46.99 |
| Q1 2022 | +5,020 | Add 8.48% | 64,217 | $61.92 |
| Q4 2021 | +2,240 | Add 3.93% | 59,197 | $66.10 |
| Q3 2021 | +9,045 | Add 18.88% | 56,957 | $52.07 |
| Q2 2021 | -33,540 | Reduce 41.18% | 47,912 | $52.22 |
| Q1 2021 | +19,686 | Add 31.87% | 81,452 | $45.79 |
| Q4 2020 | +29,980 | Add 94.32% | 61,766 | $41.45 |
| Q3 2020 | -121,602 | Reduce 79.28% | 31,786 | $39.80 |
| Q2 2020 | +2,726 | Add 1.81% | 153,388 | $38.24 |
| Q1 2020 | -15,959 | Reduce 9.58% | 150,662 | $33.23 |
| Q4 2019 | -68,540 | Reduce 29.15% | 166,621 | $41.51 |
| Q3 2019 | -14,408 | Reduce 5.77% | 235,161 | $39.56 |
| Q2 2019 | -20,395 | Reduce 7.55% | 249,569 | $36.74 |
| Q1 2019 | +27,222 | Add 11.21% | 269,964 | $35.36 |
| Q4 2018 | +55,847 | Add 29.88% | 242,742 | $28.86 |
| Q3 2018 | -24,723 | Reduce 11.68% | 186,895 | $31.40 |
| Q2 2018 | -45,717 | Reduce 17.77% | 211,618 | $33.34 |
| Q1 2018 | +3,561 | Add 1.40% | 257,335 | $29.23 |
| Q4 2017 | +12,627 | Add 5.24% | 253,774 | $31.47 |
| Q3 2017 | -49,417 | Reduce 17.01% | 241,147 | $30.09 |
| Q2 2017 | -57,281 | Reduce 16.47% | 290,564 | $28.62 |
| Q1 2017 | -1,608 | Reduce 0.46% | 347,845 | $26.63 |
| Q4 2016 | -11,716 | Reduce 3.24% | 349,453 | $28.05 |
| Q3 2016 | +63,045 | Add 21.15% | 361,169 | $28.22 |
| Q2 2016 | +87,987 | Add 41.87% | 298,124 | $27.82 |
| Q1 2016 | +84,517 | Add 67.28% | 210,137 | $22.74 |
| Q4 2015 | +20,716 | Add 19.75% | 125,620 | $22.13 |
| Q3 2015 | +20,623 | Add 24.47% | 104,904 | $20.95 |
| Q2 2015 | -10,019 | Reduce 10.62% | 84,281 | $18.72 |
| Q1 2015 | +44,900 | Add 90.89% | 94,300 | $21.43 |
| Q4 2014 | -36,914 | Reduce 42.77% | 49,400 | $20.55 |
| Q3 2014 | +21,146 | Add 32.45% | 86,314 | $16.91 |
| Q2 2014 | -7,700 | Reduce 10.57% | 65,168 | $18.84 |
| Q1 2014 | -53,400 | Reduce 42.29% | 72,868 | $19.32 |
| Q4 2013 | -128,286 | Reduce 50.40% | 126,268 | $17.45 |
| Q3 2013 | -132,202 | Reduce 34.18% | 254,554 | $16.27 |
| Q2 2013 | +386,756 | Add 0.00% | 386,756 | $15.17 |
| Q4 2012 | +483,870 | Add 0.00% | 483,870 | $14.08 |
Cliff Asness's First Industrial Realty Trust Investment FAQs
Cliff Asness first purchased First Industrial Realty Trust, Inc. (FR) in Q4 2012, acquiring 483,870 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held First Industrial Realty Trust, Inc. (FR) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to First Industrial Realty Trust, Inc. (FR) was in Q2 2025, adding 1,855,214 shares worth $89.29 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,577,450 shares of First Industrial Realty Trust, Inc. (FR), valued at approximately $90.34 M.
As of the Q4 2025 filing, First Industrial Realty Trust, Inc. (FR) represents approximately 0.05% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in First Industrial Realty Trust, Inc. (FR) was 1,855,214 shares, as reported at the end of Q2 2025.