FRMI in the 13F filings

Fermi Inc · CUSIP 314911108

Sector · Real estate Theme · Real estate investment trusts

Quarter

Q2 2026 Q1 2026 Q4 2025

Quarter end: 31 Mar 2026; the date the book describes
Filed: 15 May 2026; latest of these filings; the earliest 12 May 2026
Managers listing it: 27; at least, of 95 tracked, among listed positions
Comparable managers: 91; filed both Q4 2025 and Q1 2026; 3 listed it in both
Shares listed: 19,251,043; combined, among listed positions
Reported value: $112m; combined, at the quarter end

Among the 91 comparable managers: 18 buyers (opened or added shares) and 10 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +3,354,887.

Managers listing FRMI in Q1 2026

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

ActionShare of book at least

27 of 27 holders

				Action		Filing
Citadel Advisors LLC	6,221,706	$36m	under 0.1%	Added	+4,989,531	15 May 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC	1,500,000	$8.8m	0.06%	Added	+704,022	15 May 2026 (the filing on sec.gov)
Renaissance Technologies LLC	1,403,700	$8.2m	under 0.1%	Added	+1,062,400	14 May 2026 (the filing on sec.gov)
Susquehanna International Group LLP	1,382,455	$8.1m	under 0.1%	Added	+522,513	15 May 2026 (the filing on sec.gov)
Point72 Asset Management LP	1,245,612	$7.3m	under 0.1%	Trimmed	-971,772	15 May 2026 (the filing on sec.gov)
Balyasny Asset Management LLC	1,013,614	$5.9m	under 0.1%	Trimmed	-1,054,995	15 May 2026 (the filing on sec.gov)
Verition Fund Management LLC	892,967	$5.2m	under 0.1%	Trimmed	-681,349	15 May 2026 (the filing on sec.gov)
D. E. Shaw & Co.	828,358	$4.8m	under 0.1%	Added	+76,766	15 May 2026 (the filing on sec.gov)
Tudor Investment Corp	660,734	$3.9m	under 0.1%	New	new	15 May 2026 (the filing on sec.gov)
Two Sigma Investments LP	569,050	$3.3m	under 0.1%	Trimmed	-739,555	15 May 2026 (the filing on sec.gov)
Jane Street Group LLC	493,051	$2.9m	under 0.1%	Added	+198,701	12 May 2026 (the filing on sec.gov)
Voloridge Investment Management LLC	425,812	$2.5m	under 0.1%	New	new	15 May 2026 (the filing on sec.gov)
Fidelity (FMR LLC)	404,291	$2.4m	under 0.1%	Added	+3,444	15 May 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP	400,010	$2.3m	under 0.1%	New	new	13 May 2026 (the filing on sec.gov)
AQR Capital Management LLC	285,515	$1.7m	under 0.1%	New	new	15 May 2026 (the filing on sec.gov)
Marshall Wace LLP	276,750	$1.6m	under 0.1%	Trimmed	-134,533	15 May 2026 (the filing on sec.gov)
Winton Group Ltd	243,012	$1.4m	under 0.1%	Added	+186,884	12 May 2026 (the filing on sec.gov)
Holocene Advisors LP	232,711	$1.4m	under 0.1%	Added	+67,624	15 May 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP	169,603	$990k	under 0.1%	Added	+73,303	15 May 2026 (the filing on sec.gov)
Invesco Ltd	154,149	$900k	under 0.1%	Trimmed	-881,305	12 May 2026 (the filing on sec.gov)
Squarepoint Ops LLC	151,209	$883k	under 0.1%	New	new	15 May 2026 (the filing on sec.gov)
Arrowstreet Capital LP	90,222	$527k	under 0.1%	New	new	14 May 2026 (the filing on sec.gov)
Bridgewater Associates LP	83,927	$490k	under 0.1%	Trimmed	-367,009	15 May 2026 (the filing on sec.gov)
Millennium Management LLC	59,159	$345k	under 0.1%	Trimmed	-1,299,656	15 May 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP	30,760	$180k	under 0.1%	New	new	14 May 2026 (the filing on sec.gov)

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Largest increases and reductions, by shares

Q4 2025 to Q1 2026, among managers that listed it in both quarters or opened it.

Increases

Citadel Advisors LLCexisting position · 6,221,706 shares now+4,989,531
Renaissance Technologies LLCexisting position · 1,403,700 shares now+1,062,400
Schonfeld Strategic Advisors LLCexisting position · 1,500,000 shares now+704,022
Tudor Investment Corpnew position · 660,734 shares now+660,734
Susquehanna International Group LLPexisting position · 1,382,455 shares now+522,513

Reductions

Millennium Management LLCexisting position · 59,159 shares now-1,299,656
Balyasny Asset Management LLCexisting position · 1,013,614 shares now-1,054,995
Point72 Asset Management LPexisting position · 1,245,612 shares now-971,772
Invesco Ltdexisting position · 154,149 shares now-881,305
Two Sigma Investments LPexisting position · 569,050 shares now-739,555

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (7)

Tudor Investment Corp$3.9m
Voloridge Investment Management LLC$2.5m
Hudson Bay Capital Management LP$2.3m
AQR Capital Management LLC$1.7m
Squarepoint Ops LLC$883k
Arrowstreet Capital LP$527k
ExodusPoint Capital Management LP$180k

Exited (1)

Woodline Partners LPwas $3.2m

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.

3 in Q4 2025 to 8 in Q2 2026

Tracked managers listing it, at least.

the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

FRMI and WELL →FRMI and EQIX →FRMI and PLD →Choose a stock to compare with FRMI →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own FRMI, latest filings →Back to the 13F Explorer →

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FRMI by quarter
Quarter	Holders	Reported value	Buyers	Sellers
Q4 2025	3	$19m	22	0
Q1 2026	3	$10m	18	10
Q2 2026	8	$181m	23	10