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Fermi Inc.

FRMI
Exchange
Nasdaq
Industry
Real Estate Investment Trusts
SEC CIK
0002071778

No open-market purchases or sales by Fermi Inc. insiders were filed in the last 90 days; 295 institutions reported holding it in 13F filings for Q2 2026, worth $1.48B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Fermi Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
158
+158 vs. Q3 2025
Shares held
45.3M
+45.3M vs. Q3 2025
Total value
$362.5M
+$362.5M vs. Q3 2025
New holders
158
0 more added
Sold out
0
0 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting FRMI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 158 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 0 institutionsQ3 2022: 0 institutionsQ4 2022: 0 institutionsQ1 2023: 0 institutionsQ2 2023: 0 institutionsQ3 2023: 0 institutionsQ4 2023: 0 institutionsQ1 2024: 0 institutionsQ2 2024: 0 institutionsQ3 2024: 0 institutionsQ4 2024: 0 institutionsQ1 2025: 0 institutionsQ2 2025: 0 institutionsQ3 2025: 0 institutionsQ4 2025: 158 institutionsQ1 2026: 211 institutionsQ2 2026: 295 institutions
Value heldQ4 2025: $362.5M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $0Q3 2022: $0Q4 2022: $0Q1 2023: $0Q2 2023: $0Q3 2023: $0Q4 2023: $0Q1 2024: $0Q2 2024: $0Q3 2024: $0Q4 2024: $0Q1 2025: $0Q2 2025: $0Q3 2025: $0Q4 2025: $362.5MQ1 2026: $425.8MQ2 2026: $1.48B
Institutions holding FRMI and their total value by quarter
QuarterHoldersValue
Q2 2026295$1.48B
Q1 2026211$425.8M
Q4 2025158$362.5M
Q3 20250$0
Q2 20250$0
Q1 20250$0
Q4 20240$0
Q3 20240$0
Q2 20240$0
Q1 20240$0
Q4 20230$0
Q3 20230$0
Q2 20230$0
Q1 20230$0
Q4 20220$0
Q3 20220$0
Q2 20220$0
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Fermi Inc.; share changes are against Q3 2025.

Institutions holding FRMI in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Axxcess Wealth Management, LLC75,500$604.0K0.01%+75,500New
Citigroup Inc91,499$732.0K0.00%+91,499New
JPMorgan Chase & Co96,017$768.1K0.00%+96,017New
Brevan Howard Capital Management LP96,300$778.1K0.01%+96,300New
Horizon Kinetics Asset Management LLC108,701$869.6K0.01%+108,701New
Engineers Gate Manager LP110,613$884.9K0.01%+110,613New
Nomura Holdings Inc118,876$951.0K0.00%+118,876New
HSBC Holdings PLC130,737$1.06M0.00%+130,737New
Quadrature Capital Ltd134,893$1.08M0.01%+134,893New
XTX Topco Ltd143,641$1.15M0.03%+143,641New
Holocene Advisors, LP165,087$1.32M0.00%+165,087New
Ratan Capital Management LP240,911$1.93M0.53%+240,911New
HRT Financial LP246,458$1.97M0.01%+246,458New
Aventail Capital Group, LP246,812$1.97M0.11%+246,812New
Hel Ved Capital Management Ltd272,800$2.18M0.75%+272,800New
Sovereign's Capital Management, LLC275,958$2.21M1.34%+275,958New
SIR Capital Management, L.P.281,827$2.25M0.25%+281,827New
Jane Street Group, LLC294,350$2.35M0.00%+294,350New
Morgan Stanley297,129$2.38M0.00%+297,129New
Renaissance Technologies LLC341,300$2.73M0.00%+341,300New
Gotham Asset Management, LLC350,195$2.80M0.01%+350,195New
Anson Funds Management LP352,672$2.82M0.39%+352,672New
Woodline Partners LP400,000$3.20M0.01%+400,000New
FMR LLC400,847$3.21M0.00%+400,847New
Marshall Wace, LLP411,283$3.29M0.00%+411,283New
ArrowMark Colorado Holdings LLC430,316$3.44M0.08%+430,316New
BlackRock, Inc.442,877$3.54M0.00%+442,877New
Bridgewater Associates, LP450,936$3.61M0.01%+450,936New
Weiss Asset Management LP454,263$3.63M0.05%+454,263New
Manufacturers Life Insurance Company, The458,800$3.67M0.00%+458,800New
State Street Corp530,355$4.24M0.00%+530,355New
MidWestOne Financial Group, Inc.545,474$4.36M0.48%+545,474New
BNP Paribas Arbitrage, SA590,345$4.72M0.00%+590,345New
Philadelphia Financial Management of San Francisco, LLC677,866$5.42M1.12%+677,866New
Geode Capital Management, LLC686,351$5.49M0.00%+686,351New
Empire Life Investments Inc.701,422$5.61M0.32%+701,422New
D. E. Shaw & Co., Inc.751,592$6.01M0.00%+751,592New
Schonfeld Strategic Advisors LLC795,978$6.37M0.03%+795,978New
Adage Capital Partners GP, L.L.C.820,000$6.56M0.01%+820,000New
Vanguard Group Inc850,283$6.80M0.00%+850,283New
Susquehanna International Group, LLP859,942$6.88M0.01%+859,942New
Invesco Ltd.1,035,454$8.28M0.00%+1,035,454New
Tortoise Capital Advisors, L.L.C.1,083,974$8.67M0.11%+1,083,974New
OpenArc Corporate Advisory, LLC1,100,000$8.80M0.15%+1,100,000New
Boston Partners1,197,382$9.60M0.01%+1,197,382New
Citadel Advisors LLC1,232,175$9.86M0.01%+1,232,175New
LMR Partners LLP1,289,411$10.3M0.10%+1,289,411New
Highland Capital Management Fund Advisors, L.P.1,301,478$10.4M0.73%+1,301,478New
Two Sigma Investments, LP1,308,605$10.5M0.02%+1,308,605New
Millennium Management LLC1,358,815$10.9M0.01%+1,358,815New
Nuveen, LLC1,383,436$11.1M0.00%+1,383,436New
Verition Fund Management LLC1,574,316$12.6M0.07%+1,574,316New
Bank of America Corp1,790,885$14.3M0.00%+1,790,885New
M&G Plc1,805,415$14.4M0.07%+1,805,415New
Balyasny Asset Management LLC2,068,609$16.5M0.03%+2,068,609New
Point72 Asset Management, L.P.2,217,384$17.7M0.03%+2,217,384New
UBS Group AG2,649,944$21.2M0.00%+2,649,944New
Jefferies Financial Group Inc.3,321,021$26.6M0.22%+3,321,021New