RUSH ISLAND MANAGEMENT, LP: FIRST INDL RLTY TR INC (FR): Quarterly 13F Position History
As of Q1 2026, RUSH ISLAND MANAGEMENT, LP reported 1,754,344 shares of FIRST INDL RLTY TR INC (FR), worth $101.5M and representing 6.8% of its 13F equity book. Quarter-over-quarter share count change: 325,198 (-15.6%) . The position first appeared in Q2 2020 and has been disclosed across 24 13F-HR filings in Pactolio's tracked window.
- 1,754,344Shares Held (Latest Filing)
- $101.5MReported Market Value (Latest Filing)
- 6.8%Portfolio Weight (% of 13F Equity Book)
- 325,198Quarter-over-Quarter Share Change
- -$17.6MQuarter-over-Quarter Value Change
- 2,079,542Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 24 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,754,344 | 325,198 | -15.6% | $101.5M | 6.8% | $57.9 |
| Q4 2025 | 2,079,542 | +25,713 | +1.3% | $119.1M | 7.4% | $57.3 |
| Q3 2025 | 2,053,829 | +393,655 | +23.7% | $105.7M | 7.2% | $51.5 |
| Q2 2025 | 1,660,174 | +1,660,174 | — | $79.9M | 5.2% | $48.1 |
| Q1 2025 | 0 | 1,640,530 | -100.0% | $0 | 0.0% | — |
| Q4 2024 | 1,640,530 | +553,567 | +50.9% | $82.2M | 5.5% | $50.1 |
| Q3 2024 | 1,086,963 | +1,086,963 | — | $60.8M | 4.7% | $56.0 |
| Q2 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2023 | 0 | 1,101,095 | -100.0% | $0 | 0.0% | — |
| Q4 2022 | 1,101,095 | +1,101,095 | — | $53.1M | 9.4% | $48.3 |
| Q3 2022 | 0 | 1,148,769 | -100.0% | $0 | 0.0% | — |
| Q2 2022 | 1,148,769 | +607,345 | +112.2% | $54.5M | 13.4% | $47.5 |
| Q1 2022 | 541,424 | +30,710 | +6.0% | $33.5M | 7.0% | $61.9 |
| Q4 2021 | 510,714 | 113,941 | -18.2% | $33.8M | 6.2% | $66.2 |
| Q3 2021 | 624,655 | +46,218 | +8.0% | $32.5M | 6.4% | $52.1 |
| Q2 2021 | 578,437 | +80,821 | +16.2% | $30.2M | 7.1% | $52.2 |
| Q1 2021 | 497,616 | +206,262 | +70.8% | $22.8M | 7.6% | $45.8 |
| Q4 2020 | 291,354 | +88,981 | +44.0% | $12.3M | 4.7% | $42.1 |
| Q3 2020 | 202,373 | 28,027 | -12.2% | $8.1M | 4.0% | $39.8 |
| Q2 2020 | 230,400 | — | — | $8.9M | 4.6% | $38.4 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did RUSH ISLAND MANAGEMENT, LP first disclose a FR position in 13F-HR filings?
RUSH ISLAND MANAGEMENT, LP first reported FIRST INDL RLTY TR INC (FR) on its 13F-HR filing for the period ending 2020-06-30 (Q2 2020). The position has appeared on 24 reported quarters within Pactolio's tracked window.
What was RUSH ISLAND MANAGEMENT, LP's most recent quarter-over-quarter share-count change in FR?
Between Q4 2025 and Q1 2026, RUSH ISLAND MANAGEMENT, LP reduced its FR position by 325,198 shares (-15.6%), leaving 1,754,344 shares at a market value of $101.5M.
Does the implied price-per-share represent RUSH ISLAND MANAGEMENT, LP's cost basis in FR?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.