FRMINasdaqReal Estate Investment TrustsFiscal year ends December 31
Fermi Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$3.02−0.14 (-4.43%)
Close on Oct 19, 2026
- Market cap
- $1.92B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
25.2%
162M of 640M shares
Institutional holders
295
129 new, 41 sold out
Net institutional buying
88M
In Q2 2026
Insider trades, 12 months
0 buys · 11 sales
Net sold $75.12M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Caddis Holdings, LLC | 71,946,450 | 12.67% | 13G (passive) | Sep 30, 2025 |
| Steven Meisel | 56,250,000 | 9.41% | 13G (passive) | Sep 30, 2025 |
| Perry Griffin | 52,318,073 | 8.20% | 13D (active) amendment | Jun 30, 2026 |
| Caddis Holdings, LP | 52,256,833 | 8.20% | 13G (passive) | Jul 16, 2026 |
| Toby Neugebauer | 144,101,446 | 24.10% | 13G (passive) | Sep 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of FRMI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| SRS Investment Management, LLC | 20,205,579 | 3.15% | $185.08M | New | 1.71% |
| Citadel Advisors LLC | 8,587,055 | 1.34% | $78.66M | +2,365,349 | 0.01% |
| Point72 Asset Management, L.P. | 7,036,123 | 1.10% | $64.45M | +5,790,511 | 0.07% |
| D. E. Shaw & Co., Inc. | 5,418,891 | 0.85% | $49.64M | +4,590,533 | 0.02% |
| Millennium Management LLC | 4,303,619 | 0.67% | $39.42M | +4,244,460 | 0.01% |
| BlackRock, Inc. | 4,202,985 | 0.66% | $38.50M | +3,397,240 | 0.00% |
| Marshall Wace, Llp | 4,160,290 | 0.65% | $38.11M | +3,883,540 | 0.03% |
| ExodusPoint Capital Management, LP | 4,068,302 | 0.64% | $37.27M | +4,037,542 | 0.24% |
| Gotham Asset Management, LLC | 3,943,404 | 0.62% | $36.12M | +3,586,239 | 0.08% |
| Nexpoint Asset Management, L.P. | 3,941,477 | 0.62% | $36.10M | +2,639,999 | 2.41% |
| Vanguard Portfolio Management LLC | 3,852,877 | 0.60% | $35.29M | +3,683,020 | 0.00% |
| Goldman Sachs Group Inc | 3,802,523 | 0.59% | $34.83M | −1,634,934 | 0.00% |
| BlueCrest Capital Management Ltd | 3,632,795 | 0.57% | $33.28M | New | 1.10% |
| CastleKnight Management LP | 3,292,022 | 0.51% | $30.15M | +3,138,422 | 0.41% |
| UBS Group AG | 3,204,530 | 0.50% | $29.35M | −5,712,668 | 0.00% |
| Cetera Investment Advisers | 3,170,950 | 0.50% | $29.05M | +1,969,852 | 0.03% |
| Vanguard Capital Management LLC | 3,144,803 | 0.49% | $28.81M | +3,024,665 | 0.00% |
| Alyeska Investment Group, L.P. | 2,886,836 | 0.45% | $26.44M | +1,303,979 | 0.07% |
| Susquehanna International Group, Llp | 2,702,576 | 0.42% | $24.76M | +1,320,121 | 0.00% |
| Ratan Capital Management LP | 2,158,749 | 0.34% | $19.77M | New | 6.38% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 295 | 162M | 25.2% | 129 / 107 | 42 / 41 | 118M | 30M |
| Q1 2026 | 211 | 73M | 11.4% | 87 / 78 | 33 / 31 | 47M | 18M |
| Q4 2025 | 158 | 45M | 7.1% | 158 / 0 | 0 / 0 | 45M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of FRMI | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3,041,000 | 0.47% | $27.86M | 0.00% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,186,126 | 0.34% | $20.02M | 0.01% | Jun 30, 2026 |
| iShares Russell Mid-Cap ETF | 843,011 | 0.13% | $7.72M | 0.01% | Jun 30, 2026 |
| Fidelity Mid Cap Index Fund | 783,147 | 0.12% | $4.46M | 0.01% | Jul 31, 2026 |
| Pacer Data & Infrastructure Real Estate ETF | 730,708 | 0.11% | $4.16M | 1.12% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 694,686 | 0.11% | $6.36M | 0.01% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 628,805 | 0.10% | $5.76M | 0.01% | Jun 30, 2026 |
| Meridian Contrarian Fund | 553,000 | 0.09% | $5.07M | 0.75% | Jun 30, 2026 |
| Putnam Core Equity Fund | 484,295 | 0.08% | $2.76M | 0.04% | Jul 31, 2026 |
| NexPoint Event Driven Fund | 483,466 | 0.08% | $4.43M | 5.98% | Jun 30, 2026 |
| iShares Russell 1000 Value ETF | 459,404 | 0.07% | $4.21M | 0.01% | Jun 30, 2026 |
| Fidelity Nasdaq Composite Index Fund | 375,278 | 0.06% | $2.62M | 0.01% | May 31, 2026 |
| Davis Real Estate Fund | 344,430 | 0.05% | $3.15M | 2.50% | Jun 30, 2026 |
| iShares Russell Mid-Cap Value ETF | 315,715 | 0.05% | $2.89M | 0.02% | Jun 30, 2026 |
| Meridian Small Cap Growth Fund | 217,405 | 0.03% | $1.99M | 0.73% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Lee A. McIntire | Chief Executive Officer, Director | 784,913 | 0.12% | Aug 18, 2026 |
| Lawrence M. Kellerman | Chief Power Officer, Director | 11,735,818 | 1.83% | Jun 3, 2026 |
| Toby R. Neugebauer | President, CEO, Director, 10% owner | – | – | Oct 2, 2025 |
| Anna Bofa | Chief Commercial Officer | – | – | Sep 2, 2026 |
| Blanes Jacobo Ortiz | Chief Operating Officer | 13,491,151 | 2.11% | Aug 27, 2026 |
| Mesut Uzman | Chief Nuclear Constr. Officer | 1,341,459 | 0.21% | Jun 4, 2026 |
| Charles Lynn Hamilton | Chief Site Development Officer | 9,350,910 | 1.46% | Apr 10, 2026 |
| James Richard Perry | Director | 32,344,157 | 5.05% | Jul 2, 2026 |
| Cordel Robbin-Coker | Director | 175,094 | 0.03% | Jun 3, 2026 |
| Miles E. Everson | Director | 10,905,519 | 1.70% | Jun 3, 2026 |
| Jeffrey Scott Stein | Director | 250,000 | 0.04% | Jun 3, 2026 |
| Marius Haas | Director | 1,975,094 | 0.31% | Jun 3, 2026 |
| Griffin Perry | 10% owner | 60,946,450 | 9.52% | Apr 1, 2026 |
| Caddis Holdings, LP | 10% owner | – | – | Apr 1, 2026 |
| Caddis Holdings, LLC | 10% owner | 71,946,450 | 11.23% | Oct 2, 2025 |
| A. Neugebauer 2020 Trust Melissa | 10% owner | 106,359,659 | 16.61% | Oct 2, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Blanes Jacobo Ortiz Chief Operating Officer | Aug 20, 2026 | Award | +147,059 | – | – | 5,616,151 |
| Lee A. McIntire Chief Executive Officer, Director | Aug 14, 2026 | Award | +468,750 | – | – | 784,913 |
| James Richard Perry Director | Jun 30, 2026 | Sale | −863,637 | $7.31 | $6.31M | 15,827,807 |
| Mesut Uzman Chief Nuclear Constr. Officer | Jun 3, 2026 | Sale | −79,032 | $6.31 | $498.69K | 670,968 |
| Mesut Uzman Chief Nuclear Constr. Officer | Jun 3, 2026 | Sale | −79,509 | $6.31 | $501.70K | 670,491 |
| Lee A. McIntire Director | Jun 1, 2026 | Award | +175,094 | – | – | 316,163 |
| Miles E. Everson Director | Jun 1, 2026 | Award | +35,818 | – | – | 10,005,519 |
| Cordel Robbin-Coker Director | Jun 1, 2026 | Award | +175,094 | – | – | 175,094 |
| Jeffrey Scott Stein Director | Jun 1, 2026 | Award | +250,000 | – | – | 250,000 |
| Lawrence M. Kellerman Chief Power Officer, Director | Jun 1, 2026 | Award | +35,818 | – | – | 35,818 |
| Marius Haas Director | Jun 1, 2026 | Award | +175,094 | – | – | 1,075,094 |
| James Richard Perry Director | Jun 1, 2026 | Award | +175,094 | – | – | 16,691,444 |
| Blanes Jacobo Ortiz Chief Operating Officer | Apr 9, 2026 | Sale | −427,363 | $4.58 | $1.96M | 5,469,092 |
| Miles E. Everson Chief Financial Officer | Apr 9, 2026 | Sale | −427,004 | $4.58 | $1.96M | 9,969,791 |
| Charles Lynn Hamilton Chief Site Development Officer | Apr 9, 2026 | Sale | −398,140 | $4.58 | $1.82M | 5,525,910 |
| Blanes Jacobo Ortiz Chief Operating Officer | Apr 8, 2026 | Sale | −403,545 | $4.91 | $1.98M | 5,896,455 |
| Miles E. Everson Chief Financial Officer | Apr 8, 2026 | Sale | −403,205 | $4.91 | $1.98M | 10,396,795 |
| Charles Lynn Hamilton Chief Site Development Officer | Apr 8, 2026 | Sale | −375,950 | $4.91 | $1.85M | 5,924,050 |
| Griffin Perry 10% owner | Mar 31, 2026 | Sale | −2,000,000 | $5.54 | $11.08M | 60,946,450 |
| Griffin Perry 10% owner | Mar 30, 2026 | Sale | −9,000,000 | $5.02 | $45.18M | 62,946,450 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Neugebauer Toby 10% Stockholder | Oct 14, 2026 | 1,297,200 | $4.10M | Oct 14, 2026 | Acquired from issuer in private transaction |
| Neugebauer Toby 10% Stockholder | Oct 13, 2026 | 2,750,000 | $10.23M | Oct 13, 2026 | Acquired from issuer in private transaction |
| Uzman Mesut Officer | Jun 4, 2026 | 158,541 | $1.00M | Jun 3, 2026 | Restricted Stock Unit Grant |
| Holdings Lp Caddis 10% Stockholder | Mar 30, 2026 | 20,000,000 | $107.20M | Mar 30, 2026 | Founder Stock |