First Trust S&P REIT Index Fund (FRI) Holdings
FRI holdings summary
as of Oct 25, 2026- Holdings
- 125 positions listed
- Top 10 weight
- 52.3% of net assets
- Effective holdings
- 23 equal-weight equivalent
- Largest holding
- WELL 12.58% Welltower Inc.
- Annual turnover
- 5.8% of the portfolio traded
Top 1052.3%
Top 2570.7%
Top 5085.6%
Top 10094.5%
All FRI holdings
125 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | WELL | Welltower Inc. | Real Estate | 12.58% | $25.1M | $169.23B | 105.3 |
| 2 | PLD | Prologis, Inc. | Real Estate | 8.91% | $17.8M | $122.24B | 27.7 |
| 3 | DLR | Digital Realty Trust, Inc. | Real Estate | 4.66% | $9.3M | $66.46B | 85.4 |
| 4 | SPG | Simon Property Group, Inc. | Real Estate | 4.59% | $9.1M | $77.99B | 14.5 |
| 5 | EQIX | Equinix, Inc. | Real Estate | 4.38% | $8.7M | $97.29B | 63.4 |
| 6 | O | Realty Income Corporation | Real Estate | 3.92% | $7.8M | $53.06B | 40.6 |
| 7 | PSA | Public Storage | Real Estate | 3.86% | $7.7M | $55.74B | 28.5 |
| 8 | EQR | Equity Residential | Real Estate | 3.51% | $7.0M | — | — |
| 9 | VTR | Ventas, Inc. | Real Estate | 3.30% | $6.6M | $44.04B | 159.0 |
| 10 | IRM | Iron Mountain Incorporated | Real Estate | 2.53% | $5.1M | $33.49B | 80.4 |
| 11 | EXR | Extra Space Storage Inc. | Real Estate | 2.30% | $4.6M | $30.81B | 30.8 |
| 12 | VICI | VICI Properties Inc. | Real Estate | 1.97% | $3.9M | $25.99B | 9.2 |
| 13 | ESS | Essex Property Trust, Inc. | Real Estate | 1.41% | $2.8M | $18.57B | 41.9 |
| 14 | HST | Host Hotels & Resorts, Inc. | Real Estate | 1.27% | $2.5M | $16.65B | 16.2 |
| 15 | KIM | Kimco Realty Corporation | Real Estate | 1.22% | $2.4M | $15.37B | 27.0 |
| 16 | INVH | Invitation Homes Inc. | Real Estate | 1.17% | $2.3M | $15.99B | 24.8 |
| 17 | SUI | Sun Communities, Inc. | Real Estate | 1.13% | $2.2M | $14.92B | 89.5 |
| 18 | MAA | Mid-America Apartment Communities, Inc. | Real Estate | 1.10% | $2.2M | $13.92B | 34.1 |
| 19 | WPC | W. P. Carey Inc. | Real Estate | 1.07% | $2.1M | $14.84B | 22.3 |
| 20 | OHI | Omega Healthcare Investors, Inc. | Real Estate | 1.06% | $2.1M | $14.39B | 16.3 |
| 21 | DOC | Healthpeak Properties, Inc. | Real Estate | 1.03% | $2.1M | $13.46B | 54.2 |
| 22 | LAMR | Lamar Advertising Company | Real Estate | 1.00% | $2.0M | $15.24B | 27.4 |
| 23 | REG | Regency Centers Corporation | Real Estate | 0.92% | $1.8M | $13.69B | 24.7 |
| 24 | ELS | Equity LifeStyle Properties, Inc. | Real Estate | 0.90% | $1.8M | $12.27B | 29.6 |
| 25 | AHR | American Healthcare REIT, Inc. | Real Estate | 0.87% | $1.7M | $11.60B | 79.4 |
| 26 | GLPI | Gaming and Leisure Properties, Inc. | Real Estate | 0.84% | $1.7M | $11.76B | 11.5 |
| 27 | UDR | UDR, Inc. | Real Estate | 0.83% | $1.6M | $12.59B | 21.7 |
| 28 | EGP | EastGroup Properties, Inc. | Real Estate | 0.80% | $1.6M | $10.56B | 34.5 |
| 29 | CPT | Camden Property Trust | Real Estate | 0.79% | $1.6M | $9.91B | 32.5 |
| 30 | AMH | American Homes 4 Rent | Real Estate | 0.75% | $1.5M | $12.82B | 24.8 |
| 31 | BXP | BXP, Inc. | Real Estate | 0.75% | $1.5M | $10.71B | 31.8 |
| 32 | RHP | Ryman Hospitality Properties, Inc. | Real Estate | 0.68% | $1.4M | $8.69B | 30.7 |
| 33 | FRT | Federal Realty Investment Trust | Real Estate | 0.66% | $1.3M | $9.29B | 21.5 |
| 34 | ADC | Agree Realty Corporation | Real Estate | 0.66% | $1.3M | $8.36B | 36.0 |
| 35 | BRX | Brixmor Property Group Inc. | Real Estate | 0.64% | $1.3M | $8.49B | 19.8 |
| 36 | CUBE | CubeSmart | Real Estate | 0.63% | $1.3M | $8.83B | 26.7 |
| 37 | CTRE | CareTrust REIT, Inc. | Real Estate | 0.62% | $1.2M | $8.64B | 22.8 |
| 38 | NNN | NNN REIT Inc | Real Estate | 0.59% | $1.2M | $7.97B | 20.6 |
| 39 | REXR | Rexford Industrial Realty, Inc. | Real Estate | 0.58% | $1.2M | $8.42B | — |
| 40 | FR | First Industrial Realty Trust, Inc. | Real Estate | 0.56% | $1.1M | $8.05B | 21.4 |
| 41 | TRNO | Terreno Realty Corporation | Real Estate | 0.53% | $1.0M | $6.98B | 17.2 |
| 42 | STAG | STAG Industrial, Inc. | Real Estate | 0.52% | $1.0M | $7.05B | 27.6 |
| 43 | ARE | Alexandria Real Estate Equities, Inc. | Real Estate | 0.52% | $1.0M | $7.16B | — |
| 44 | MAC | The Macerich Company | Real Estate | 0.52% | $1.0M | $6.77B | — |
| 45 | HR | Healthcare Realty Trust Incorporated | Real Estate | 0.46% | $908,751.15 | $6.07B | — |
| 46 | VNO | Vornado Realty Trust | Real Estate | 0.43% | $853,959.09 | $6.52B | 823.2 |
| 47 | EPRT | Essential Properties Realty Trust, Inc. | Real Estate | 0.41% | $820,884.61 | $5.66B | 20.2 |
| 48 | OUT | Outfront Media Inc. | Real Estate | 0.40% | $797,573.08 | $5.35B | 21.9 |
| 49 | KRG | Kite Realty Group Trust | Real Estate | 0.39% | $770,675.17 | $5.05B | 15.4 |
| 50 | SBRA | Sabra Health Care REIT, Inc. | Real Estate | 0.39% | $768,483.48 | $4.94B | 77.4 |
| 51 | PECO | Phillips Edison & Company, Inc. | Real Estate | 0.38% | $750,352.29 | $5.40B | 33.5 |
| 52 | CUZ | Cousins Properties Incorporated | Real Estate | 0.35% | $689,184.44 | $4.55B | 691.0 |
| 53 | EPR | EPR Properties | Real Estate | 0.33% | $650,331.89 | $4.27B | 17.9 |
| 54 | KRC | Kilroy Realty Corporation | Real Estate | 0.32% | $638,775.74 | $4.09B | 24.4 |
| 55 | COLD | Americold Realty Trust, Inc. | Real Estate | 0.32% | $637,381.04 | $3.96B | — |
| 56 | SKT | Tanger Factory Outlet Centers, Inc. | Real Estate | 0.30% | $607,295.22 | $4.24B | 32.5 |
| 57 | CDP | COPT Defense Properties | Real Estate | 0.30% | $592,351.93 | $3.86B | 23.1 |
| 58 | APLE | Apple Hospitality REIT, Inc. | Real Estate | 0.30% | $590,160.25 | $4.03B | 23.0 |
| 59 | GEI | SL Green Realty Corp | Real Estate | 0.27% | $547,522.07 | — | — |
| 60 | LXP | LXP Industrial Trust | Real Estate | 0.27% | $545,131.14 | $3.60B | 60.5 |
| 61 | IRT | Independence Realty Trust, Inc. | Real Estate | 0.27% | $539,552.31 | $3.57B | 82.1 |
| 62 | MRP | Millrose Properties, Inc. | Real Estate | 0.27% | $531,981.05 | $3.74B | 7.8 |
| 63 | BNL | Broadstone Net Lease, Inc. | Real Estate | 0.26% | $526,800.71 | $3.86B | 23.9 |
| 64 | HIW | Highwoods Properties, Inc. | Real Estate | 0.25% | $491,933.04 | $3.30B | 19.4 |
| 65 | PK | Park Hotels & Resorts Inc. | Real Estate | 0.25% | $490,936.82 | $3.20B | — |
| 66 | NHI | National Health Investors, Inc. | Real Estate | 0.24% | $474,001.09 | $3.26B | 19.2 |
| 67 | CURB | Curbline Properties Corp. | Real Estate | 0.23% | $465,832.09 | $3.05B | 94.7 |
| 68 | DRH | DiamondRock Hospitality Company | Real Estate | 0.22% | $442,719.81 | $2.76B | 18.6 |
| 69 | JAN | JanOne Inc. | Real Estate | 0.19% | $383,743.63 | $9.03B | — |
| 70 | AKR | Acadia Realty Trust | Real Estate | 0.19% | $377,965.56 | $2.71B | 54.7 |
| 71 | FCPT | Four Corners Property Trust, Inc. | Real Estate | 0.19% | $369,597.32 | $2.41B | 20.0 |
| 72 | UE | Urban Edge Properties | Real Estate | 0.18% | $367,007.15 | $2.68B | 36.8 |
| 73 | LTC | LTC Properties, Inc. | Real Estate | 0.18% | $359,435.88 | $2.35B | 15.6 |
| 74 | PEB | Pebblebrook Hotel Trust | Real Estate | 0.18% | $358,838.15 | $2.19B | — |
| 75 | IVT | InvenTrust Properties Corp. | Real Estate | 0.17% | $343,695.62 | $2.34B | 158.3 |
| 76 | SHO | Sunstone Hotel Investors, Inc. | Real Estate | 0.17% | $334,131.92 | $2.20B | 56.3 |
| 77 | LINE | Lineage, Inc. | Real Estate | 0.15% | $307,632.49 | $8.34B | — |
| 78 | SMA | SmartStop Self Storage REIT, Inc. | Real Estate | 0.15% | $291,095.25 | $1.96B | 64.5 |
| 79 | XHR | Xenia Hotels & Resorts, Inc. | Real Estate | 0.13% | $268,580.69 | $1.87B | — |
| 80 | GTY | Getty Realty Corp. | Real Estate | 0.13% | $258,618.50 | $1.76B | 17.2 |
| 81 | DEI | Douglas Emmett, Inc. | Real Estate | 0.13% | $257,821.53 | $1.96B | — |
| 82 | NTST | NETSTREIT Corp. | Real Estate | 0.13% | $257,024.55 | $1.75B | 122.8 |
| 83 | DHC | Diversified Healthcare Trust | Real Estate | 0.13% | $255,032.11 | $1.84B | — |
| 84 | RLJ | RLJ Lodging Trust | Real Estate | 0.12% | $241,882.02 | $1.78B | — |
| 85 | GNL | Global Net Lease, Inc. | Real Estate | 0.11% | $228,931.17 | $1.72B | — |
| 86 | IIPR | Innovative Industrial Properties, Inc. | Real Estate | 0.11% | $223,750.83 | $1.44B | 11.9 |
| 87 | BXDC | Blackstone Digital Infrastructure Trust Inc. | Real Estate | 0.11% | $212,194.69 | — | — |
| 88 | MPT | Medical Properties Trust, Inc. | Real Estate | 0.11% | $210,600.74 | $1.80B | — |
| 89 | UMH | UMH Properties, Inc. | Real Estate | 0.09% | $184,898.28 | $1.30B | 127.0 |
| 90 | PDM | Piedmont Office Realty Trust, Inc. | Real Estate | 0.09% | $176,131.55 | $1.14B | — |
| 91 | CSR | Centerspace | Real Estate | 0.07% | $149,034.39 | $991.8M | 44.5 |
| 92 | DEA | Easterly Government Properties, Inc. | Real Estate | 0.07% | $144,850.27 | $1.07B | 114.8 |
| 93 | AAT | American Assets Trust, Inc. | Real Estate | 0.07% | $144,252.54 | $1.65B | 73.4 |
| 94 | CBL | CBL & Associates Properties, Inc. | Real Estate | 0.07% | $141,463.12 | $1.53B | 7.2 |
| 95 | SVC | Service Properties Trust | Real Estate | 0.06% | $116,557.65 | $796.5M | — |
| 96 | FRMI | Fermi Inc. | Real Estate | 0.06% | $112,772.01 | $2.03B | — |
| 97 | CTO | CTO Realty Growth, Inc. | Real Estate | 0.06% | $112,373.52 | $770.0M | 15.0 |
| 98 | INN | Summit Hotel Properties, Inc. | Real Estate | 0.06% | $111,377.31 | $705.4M | — |
| 99 | JBGS | JBG SMITH Properties | Real Estate | 0.05% | $104,403.77 | $861.1M | — |
| 100 | CLDT | Chatham Lodging Trust | Real Estate | 0.05% | $103,806.04 | $688.0M | 175.6 |
| 101 | ESRT | Empire State Realty Trust, Inc. | Real Estate | 0.05% | $103,009.06 | $1.42B | 231.0 |
| 102 | PSTL | Postal Realty Trust, Inc. | Real Estate | 0.05% | $91,054.43 | $875.2M | 40.7 |
| 103 | GOOD | Gladstone Commercial Corporation | Real Estate | 0.05% | $90,855.19 | $608.9M | 49.9 |
| 104 | BDN | Brandywine Realty Trust | Real Estate | 0.04% | $76,509.63 | $454.2M | — |
| 105 | ALX | Alexander's, Inc. | Real Estate | 0.04% | $76,111.15 | $1.19B | 7.1 |
| 106 | SAFE | Safehold Inc. | Real Estate | 0.04% | $75,314.17 | $803.1M | 7.0 |
| 107 | UHT | Universal Health Realty Income Trust | Real Estate | 0.04% | $73,520.98 | $530.2M | 27.4 |
| 108 | AHH | Armada Hflr Pr | Real Estate | 0.04% | $71,528.54 | — | — |
| 109 | FVR | FrontView REIT, Inc. | Real Estate | 0.03% | $67,742.90 | $518.3M | — |
| 110 | NXRT | NexPoint Residential Trust, Inc. | Real Estate | 0.03% | $64,156.52 | $948.0M | — |
| 111 | BFS | Saul Centers, Inc. | Real Estate | 0.03% | $58,577.69 | $1.02B | 30.1 |
| 112 | ILPT | Industrial Logistics Properties Trust | Real Estate | 0.03% | $57,382.23 | $455.2M | — |
| 113 | 3UN0 | Global Medical REIT Inc. | Real Estate | 0.03% | $57,182.98 | — | — |
| 114 | FPI | Farmland Partners Inc. | Real Estate | 0.03% | $56,983.74 | $454.6M | 20.3 |
| 115 | OLP | One Liberty Properties, Inc. | Real Estate | 0.03% | $52,201.89 | $484.7M | 14.0 |
| 116 | LAND | Gladstone Land Corporation | Real Estate | 0.03% | $51,006.42 | $400.3M | — |
| 117 | CHCT | Community Healthcare Trust Incorporated | Real Estate | 0.02% | $47,619.28 | $379.4M | 20.4 |
| 118 | PINE | Alpine Income Property Trust, Inc. | Real Estate | 0.02% | $40,446.50 | $343.5M | 85.4 |
| 119 | NXDT | NexPoint Diversified Real Estate Trust | Financial Services | 0.02% | $32,875.23 | $260.2M | — |
| 120 | SITC | SITE Centers Corp. | Real Estate | 0.02% | $30,285.06 | $180.0M | 1.4 |
| 121 | NLOP | Net Lease Office Properties | Real Estate | 0.01% | $22,116.07 | $144.4M | — |
| 122 | BRT | BRT Apartments Corp. | Real Estate | 0.01% | $21,717.58 | $254.6M | — |
| 123 | ONL_old | ONL | Real Estate | 0.01% | $18,728.92 | — | — |
| 124 | STRW | Strawberry Fields REIT LLC | Real Estate | 0.01% | $16,537.24 | $726.8M | 19.8 |
| 125 | BHR | Braemar Hotels & Resorts Inc. | Real Estate | 0.01% | $12,353.12 | $105.0M | — |
Weights as a percentage of net assets. Value held = weight × net assets ($199.2M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
FRI sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Real Estate | 95.2% | 124 | WELL, PLD, DLR |
| Financial Services | 0.0% | 1 | NXDT |
Sum of the weights of the holdings in each sector.
FRI top industries
REIT - Healthcare Facilities
21.1%
REIT - Industrial
19.7%
REIT - Retail
16.6%
REIT - Specialty
14.4%
REIT - Residential
12.5%
REIT - Diversified
3.8%
REIT - Hotel & Motel
3.5%
REIT - Office
3.3%
REIT-Office
0.3%
Asset Management
0.0%
FRI overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| BBRE | JPMorgan BetaBuilders MSCI US REIT | 89.6% | 102 of 102 | 0.11% |
| SCHH | Schwab U.S. REIT ETF | 88.6% | 112 of 117 | 0.06% |
| DFAR | DFA Investment Dimensions Group | 86.8% | 113 of 119 | 0.18% |
| USRT | iShares Core U.S. REIT ETF | 85.5% | 117 of 123 | 0.08% |
| RWR | SPDR Dow Jones REIT ETF | 83.5% | 96 of 97 | 0.24% |
| IYRI | NEOS ETF Trust NEOS Real Estate | 80.1% | 47 of 61 | 0.66% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the FRI portfolio
First Trust S&P REIT Index Fund holds 125 positions. The ten largest make up 52.3% of the fund and the top 50 85.6%, so it behaves like a portfolio of about 23 equally weighted stocks. The biggest positions are Welltower Inc. (12.58%), Prologis, Inc. (8.91%), Digital Realty Trust, Inc. (4.66%), Simon Property Group, Inc. (4.59%), Equinix, Inc. (4.38%).
By sector, Real Estate is 95.2%, Financial Services is 0.0%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: FRI chart, FRI performance, FRI dividends, FRI valuation, FRI overview.
FRI holdings FAQ
How many holdings does FRI have?
FRI holds 125 positions as of October 25, 2026.
What are the top 10 holdings of FRI?
The ten largest holdings are Welltower Inc. (12.58%), Prologis, Inc. (8.91%), Digital Realty Trust, Inc. (4.66%), Simon Property Group, Inc. (4.59%), Equinix, Inc. (4.38%), Realty Income Corporation (3.92%), Public Storage (3.86%), Equity Residential (3.51%), Ventas, Inc. (3.30%), Iron Mountain Incorporated (2.53%). Together they are 52.3% of the fund.
What percentage of FRI is Welltower Inc.?
Welltower Inc. is the largest holding at 12.58% of net assets, about $25.1M of the fund's $199.2M.
How concentrated is FRI?
The top 10 holdings are 52.3% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) FRI behaves like a portfolio of about 23 equally weighted stocks.