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FRMI · Fermi Inc. · Holdings

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$2.59 -0.07 (-2.45%)
Russell 1000 member Rebalance outlook locked
Going-concern doubt — cleared Aug 14, 2026

The latest filing states the doubt was alleviated.

“Considered in the aggregate and before consideration of management's plans, these conditions raise substantial doubt about the Company's ability to continue as a going concern within that period. In order to alleviate the substantial doubt, the Company has approved and undertaken several measures. ... Accordingly, management has concluded that its plans alleviate the substantial doubt, and these unaudited condensed consolidated financial statements have been prepared on a going concern basis.”
View the 10-Q filed Aug 14, 2026
Market Cap
$1.70B
Shares
640.47M
Volume · Oct 23 627.49K Avg daily vol (3M) 19.79M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of FRMI: 13F, 13D and 13G, insiders and funds →
The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.
Holders: 304
Total Value: $1,778,345,629
Total Shares: 197,937,490
Showing 1–100 of 341 holdings by value · page 1 of 4

Institutional Ownership Trend

4 quarters

Superinvestors Holding FRMI

All superinvestors →
Joel Greenblatt $36,121,580

Holder Concentration

Across 306 13F filers
Top Holder
10.2%
Dec 2025 → Jun 2026 · range 10.2% – 12.3%
of institutional value
Top 5
29.9%
Dec 2025 → Jun 2026 · range 29.9% – 36.8%
of institutional value
Top 10
42.6%
Dec 2025 → Jun 2026 · range 42.6% – 51.3%
of institutional value
HHI
298
Dec 2025 → Jun 2026 · range 298 – 410
Broadly held

Who Holds FRMI

Last 4 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 295 filers, like-for-like change +121.6%; actively managed books +125.6%; index-like books +95.2%.

Holder type Share Filers Change
Registered adviser 65.4% 164 +182.5%
Exempt adviser 3.7% 8 +785.2%
Adviser 0.3% 4 -84.0%
Bank 6.2% 16 -28.8%
Broker-dealer 0.9% 3 +403.0%
Benefit plan 0.0% 3 +75.5%
Non-US 0.9% 6 +616.4%
Holding company 6.1% 10 +4.4%
Unknown 16.6% 81 +223.2%

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 2 holders with no observed 2026-03-31 13F and 3 holders with no observed 2026-06-30 13F.

Conviction and Crowding

295 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders
5
1.69% of filers hold it in their top 10
Mar 31, 2026: 1
Holders above 5%
2
median weight 0.004%
Mar 31, 2026: 0
Crowding
16.8%
of shares outstanding, 50th percentile
Mar 31, 2026: 5.80%
Private-fund advisers
13.9%
of shares outstanding
Institutional ownership
25.4%
43.9% of the estimated free float
Top 10 holders
40.7%
of 13F shares, Herfindahl 0.032
Active holders
+125.6%
like-for-like share change of active filers
5% stakes on record
3
1 13D, 2 13G (0 institutional, 0 passive, 2 exempt)
How long holders have held it value-weighted 2.2 quarters
Under 1 year 100.0% 1 to 3 years 0.000% 3 years or more 0.000% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $1,928,004 (1 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost
$8.19
estimated per share
Mar 31, 2026: $12.57
Quarter-end price
$9.16
implied by 13F values
Estimated gain or loss
+11.8%
price against the estimated cost
Estimated at a loss
25.4%
of costed 13F value

Estimated cost covers 94.9% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies FRMI's active holders also own, quarter ended Jun 30, 2026
# Company Shared holders
1 BTDR Bitdeer Technologies Group 9
2 LFTO Liftoff Mobile, Inc. 5
3 DGXX Digi Power X Inc. 3
4 SHAZ SharonAI Holdings Inc. 6
5 HUT Hut 8 Corp. 10
6 GLXY Galaxy Digital Inc. 7
7 MIAX Miami International Holdings, Inc. 5
8 NXRT NexPoint Residential Trust, Inc. 3
9 CORZ Core Scientific, Inc. 7
10 AADX Applied Aerospace & Defense, Inc. 3

Shareholder Targets

13F filers that own its peers but not FRMI, quarter ended Jun 30, 2026

Found through its holder-overlap peers: BTDR, LFTO, DGXX, SHAZ, HUT, GLXY, MIAX, NXRT, CORZ, AADX, ECHO, WULF, INGM, RYAM, BKD, BRKR, OI, HNRG, SHC, ZD. 1,361 filers in all.

# Filer In peers
1 Platinum Equity Advisors, LLC/DE Registered adviser, Concentrated $4,867,901,130 1 held
2 LONE PINE CAPITAL LLC Registered adviser, Diversified active $1,476,674,960 4 held
3 WELLINGTON MANAGEMENT GROUP LLP Holding company, Diversified active $1,303,522,597 12 held
4 Situational Awareness LP Registered adviser, Concentrated $1,176,977,006 3 held
5 Orbis Allan Gray Ltd Unknown, Diversified active $1,130,885,507 3 held
6 COATUE MANAGEMENT LLC Registered adviser, Concentrated $1,121,603,126 1 held
7 Darsana Capital Partners LP Registered adviser, Concentrated $986,750,000 2 held
8 T. Rowe Price Investment Management, Inc. Adviser, Diversified active $677,152,299 6 held
9 DIMENSIONAL FUND ADVISORS LP Registered adviser, Diversified active $656,433,204 14 held
10 GENERAL ATLANTIC, L.P. Unknown, Concentrated $608,081,816 1 held

Fund Ownership of FRMI by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 1.63% of shares outstanding.

Fund type Of shares outstanding Shares
Index funds 0.19% 1,248,230
Index ETFs 1.43% 9,187,678
Active ETFs 0.03% 219,445
Active funds 0.74% 4,708,212
Unclassified 0.33% 2,137,603
All registered funds 2.73% 17,501,168
How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 174 Exempt adviser 7 Adviser 5 Bank 16 Broker-dealer 4 Benefit plan 3 Non-US 6 Holding company 11 Unknown 78
Showing 100 of 341
All Common Calls Puts
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Holder Value (USD) % of 13F Shares Open
SRS Investment Management, LLC $185,083,103 10.41% 20,205,579
CITADEL ADVISORS LLC $78,657,423 4.42% 8,587,055
Point72 Asset Management, L.P. $64,450,886 3.62% 7,036,123
D. E. Shaw & Co., Inc. $49,637,040 2.79% 5,418,891
SUSQUEHANNA INTERNATIONAL GROUP, LLP $45,238,492 2.54% 4,938,700
MILLENNIUM MANAGEMENT LLC $39,421,150 2.22% 4,303,619
BlackRock, Inc. $38,499,339 2.16% 4,202,985
MARSHALL WACE, LLP $38,108,256 2.14% 4,160,290
ExodusPoint Capital Management, LP $37,265,646 2.10% 4,068,302
Gotham Asset Management, LLC $36,121,580 2.03% 3,943,404
NEXPOINT ASSET MANAGEMENT, L.P. $36,103,929 2.03% 3,941,477
VANGUARD PORTFOLIO MANAGEMENT LLC $35,292,353 1.98% 3,852,877
GOLDMAN SACHS GROUP INC $34,831,110 1.96% 3,802,523
BlueCrest Capital Management Ltd $33,276,402 1.87% 3,632,795
CastleKnight Management LP $30,154,921 1.70% 3,292,022
UBS Group AG $29,353,493 1.65% 3,204,530
Cetera Investment Advisers $29,045,902 1.63% 3,170,950
VANGUARD CAPITAL MANAGEMENT LLC $28,806,395 1.62% 3,144,803
CITADEL ADVISORS LLC $27,902,276 1.57% 3,046,100
Alyeska Investment Group, L.P. $26,443,417 1.49% 2,886,836
SUSQUEHANNA INTERNATIONAL GROUP, LLP $26,232,408 1.48% 2,863,800
ExodusPoint Capital Management, LP $26,106,000 1.47% 2,850,000
SUSQUEHANNA INTERNATIONAL GROUP, LLP $24,755,596 1.39% 2,702,576
PEAK6 LLC $23,780,276 1.34% 2,596,100
JANE STREET GROUP, LLC $23,051,140 1.30% 2,516,500
CITADEL ADVISORS LLC $22,489,632 1.26% 2,455,200
Ratan Capital Management LP $19,774,140 1.11% 2,158,749
JANE STREET GROUP, LLC $19,634,157 1.10% 2,143,467
TWO SIGMA INVESTMENTS, LP $19,530,814 1.10% 2,132,185
STATE STREET CORP $19,370,862 1.09% 2,114,723
BANK OF AMERICA CORP /DE/ $17,859,233 1.00% 1,949,698
JANE STREET GROUP, LLC $16,270,908 0.91% 1,776,300
HRT FINANCIAL LP $15,586,527 0.88% 1,701,586
Balyasny Asset Management L.P. $15,144,411 0.85% 1,653,320
CAPTRUST FINANCIAL ADVISORS $14,812,104 0.83% 1,617,042
STIFEL FINANCIAL CORP $14,783,745 0.83% 1,613,946
GEODE CAPITAL MANAGEMENT, LLC $14,737,880 0.83% 1,608,939
Schonfeld Strategic Advisors LLC $14,420,368 0.81% 1,574,276
Texas Capital Bank Wealth Management Services Inc $13,334,001 0.75% 1,455,677
STEADFAST CAPITAL MANAGEMENT LP $13,260,016 0.75% 1,447,600
Value Aligned Research Advisors, LLC $12,530,834 0.70% 1,367,995
Walleye Trading LLC $12,516,159 0.70% 1,366,393
Whetstone Capital Advisors, LLC $12,008,778 0.68% 1,311,002
GROUP ONE TRADING LLC $11,227,292 0.63% 1,225,687
RENAISSANCE TECHNOLOGIES LLC $11,155,964 0.63% 1,217,900
BNP PARIBAS ARBITRAGE, SA $11,119,571 0.63% 1,213,927
Ascentis Wealth Management, LLC $10,332,460 0.58% 1,127,998
Aberdeen Group plc $9,195,724 0.52% 1,003,900
Parsifal Capital Management, LP $9,160,000 0.52% 1,000,000
Hiddenite Capital Partners LP $9,160,000 0.52% 1,000,000
Jefferies Financial Group Inc. $9,160,000 0.52% 1,000,000
ArrowMark Colorado Holdings LLC $8,426,265 0.47% 919,898
Delta Global Management LP $8,324,617 0.47% 908,801
Capricorn Fund Managers Ltd $8,015,000 0.45% 875,000
Hiddenite Capital Partners LP $8,015,000 0.45% 875,000
Verition Fund Management LLC $7,996,377 0.45% 872,967
Alight Capital Management LP $7,786,000 0.44% 850,000
BANK OF NOVA SCOTIA $7,771,344 0.44% 848,400
Empire Life Investments Inc. $7,594,876 0.43% 829,135
HORIZON KINETICS ASSET MANAGEMENT LLC $7,549,919 0.42% 824,227
Thrivent Financial for Lutherans $7,429,447 0.42% 811,075
ADAGE CAPITAL PARTNERS GP, L.L.C. $6,870,000 0.39% 750,000
CAPITAL FUND MANAGEMENT S.A. $6,791,233 0.38% 741,401
Walleye Trading LLC $6,753,668 0.38% 737,300
Pacer Advisors, Inc. $6,638,966 0.37% 724,778
Caption Management, LLC $6,263,608 0.35% 683,800
Walleye Trading LLC $5,545,464 0.31% 605,400
Larson Financial Group LLC $5,504,317 0.31% 600,908
LAKEWOOD CAPITAL MANAGEMENT, LP $5,496,000 0.31% 600,000
MILLENNIUM MANAGEMENT LLC $5,496,000 0.31% 600,000
AQR CAPITAL MANAGEMENT LLC $5,363,369 0.30% 585,521
Bank of New York Mellon Corp $4,711,432 0.26% 514,349
Sculptor Capital LP $4,655,112 0.26% 508,200
Sculptor Capital LP $4,655,112 0.26% 508,200
NORTHERN TRUST CORP $4,526,632 0.25% 494,174
Prentice Capital Management, LP $4,232,350 0.24% 462,047
Davis Selected Advisers $4,134,824 0.23% 451,400
Point72 Asset Management, L.P. $4,122,000 0.23% 450,000
MOORE CAPITAL MANAGEMENT, LP $3,916,870 0.22% 427,606
Philadelphia Financial Management of San Francisco, LLC $3,893,000 0.22% 425,000
FRONTIER CAPITAL MANAGEMENT CO LLC $3,863,193 0.22% 421,746
MORGAN STANLEY $3,811,877 0.21% 416,144
OpenArc Corporate Advisory, LLC $3,789,669 0.21% 900,159
NOMURA HOLDINGS INC $3,664,000 0.21% 400,000
TD Asset Management Inc $3,604,853 0.20% 393,543
SCOGGIN MANAGEMENT LP $3,435,000 0.19% 375,000
NICOLET BANKSHARES INC $3,390,821 0.19% 370,177
MOORE CAPITAL MANAGEMENT, LP $3,206,000 0.18% 350,000
TITLEIST ASSET MANAGEMENT, LLC $3,050,166 0.17% 724,505
Legal & General Group Plc $2,947,293 0.17% 321,757
Vennlight Capital Management, LP $2,793,067 0.16% 304,920
Nuveen, LLC $2,782,330 0.16% 303,748
PEAK6 LLC $2,748,000 0.15% 300,000
Beartown Capital Management, LLC $2,748,000 0.15% 300,000
Kultura Capital Management LP $2,714,108 0.15% 296,300
Brevan Howard Capital Management LP $2,714,016 0.15% 296,290
Squarepoint Ops LLC $2,711,442 0.15% 296,009
Invesco Ltd. $2,649,794 0.15% 289,279
Marex Group plc $2,639,912 0.15% 288,200
TUDOR INVESTMENT CORP ET AL $2,464,040 0.14% 269,000

Showing the top 100 of 341 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.

Key facts CIK 2071778 CUSIP 314911108 13F (30d) 34 filings 34 filers Visit website Investor relations