Fermi

FRMI

Source: the SEC Form 13F filings of the managers we follow, latest for Q3 2026. How we use them

Managers holding

In their latest 13F (Q3 2026)

See who

Value held

$11.7m

Combined value at quarter end

Last quarter

2 bought

0 sold or trimmed

Fund portfolios

Funds holding it

See which

Price at Q2 ’26 end

$9.16

+56.8% in the quarter

Prices here are quarter-end prices implied by the 13F filings. Today’s price on Yahoo Finance

Share price change by quarter

-27.0%Q1 ’26

+56.8%Q2 ’26

Change in the quarter-end price implied by managers’ 13F filings, adjusted for stock splits. Excludes dividends.

Managers holding it, by quarter

0Q4 ’23

0Q1 ’24

0Q2 ’24

0Q3 ’24

0Q4 ’24

0Q1 ’25

0Q2 ’25

0Q3 ’25

1Q4 ’25

2Q1 ’26

2Q2 ’26

0Q3 ’26

Counts the managers on this site whose 13F for that quarter includes Fermi.

Who holds it

Each manager’s latest 13F, sorted by how much of their portfolio it is. Changes are against their previous quarter.

Managers holding Fermi

Horizon Kinetics	0.1%$7.5m	$7.5m	Added +55%	3 qtrs
Davis Selected Advisers	0.0%$4.1m	$4.1m	Added +48%	2 qtrs

Download the holders: CSV · JSON · Markdown

Directors buying and selling

Open-market trades by directors, officers and 10% holders over the last 12 months. How this works

From their Form 4 filings with the SEC. Grants, option exercises and shares sold to pay tax are left out.

Sort by

Insider purchases and sales of Fermi
		Bought or sold				Filing
14 Oct 2026	Neugebauer Toby R10% owner	▼ Sold	1,297,200	$3.15	$4.1m	Form 4
13 Oct 2026	Neugebauer Toby R10% owner	▼ Sold	2,750,000	$3.73	$10.3m	Form 4

About the company

Sector: Financials · Real Estate Investment Trusts
Incorporated in: Texas
Financial year ends: 31 December
Shares outstanding: 640m at 10 Aug 2026
SEC filings: Annual reports and other filings on EDGAR

Revenue and profit

Fermi revenue and net income by year
Year	Revenue	Net income
2025	–	−$486m

From the company’s XBRL financial statements filed with the SEC, for each financial year. Gaps mean the company didn’t report that figure in a standard form.

In fund portfolios

US-registered funds run by these managers that hold Fermi, from their latest N-PORT filings.

Funds holding Fermi

Horizon Kinetics Inflation Beneficiaries ETFHorizon Kinetics	0.0%	$604k	30 Jun 2026