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FRMI Fermi Inc.

Real Estate, filed as FERMI INC (COM), Equity As of 2026 Q2 among managers we track Quote on Google Finance, opens in a new tab

Bought by 5 managers in 2026 Q2, sold by 1

  • 5 Owners
  • Max 6.4%
  • $52M
  • 3 new 2 add 1 exit

In 2026 Q2, 3 managers opened positions, 2 added, and 1 sold out.

Who owns this now

Largest portfolio weights among holders, up to 6.4% (Nehal Chopra, Ratan Capital Management). Not free-float ownership.

  1. Nehal Chopra New 6.4%
  2. Ryan Packard New 0.69%
  3. Murray Stahl Add 0.09%
  4. Ben Hoskin New 0.03%
  5. Christopher Davis Add 0.02%

Who owns FRMI

Sorted by value, long equity only, as of 2026 Q2.

History
Nehal Chopra, Ratan Capital Management 6.4% New 6.4% 2,158,749 $20M History
Ben Hoskin, Value Aligned Research Advisors 0.03% New 0.03% 1,367,995 $13M History
Ryan Packard, Hiddenite Capital Partners 0.69% New 0.69% 875,000 $8M History
Murray Stahl, Horizon Kinetics Asset Management 0.09%, was 0.04% Add +54.8% 824,227 $7.6M History
Christopher Davis, Davis Selected Advisers 0.02%, was 0.01% Add +47.6% 451,400 $4.1M History
George Soros, Soros Fund Management exited 2026 Q2 Last 2026 Q1 <0.01% Exit 0.00% 15,805 $92K History

5 current, 1 exited last period, options excluded

Weight bar: held both quarters added sold at this quarter’s reported price

Insider trades

Open-market buys and sales by FRMI's executives, directors and 10% owners in the last 12 months, from their Form 4s

All FRMI insider trades
  • None no insider bought on the open market
  • $78.2M sold by 3 insiders outside a trading plan
  • None no planned (10b5-1) sales
  1. Toby R Neugebauer 10% owner, +1 joint filer
    Sale
    $1.3M 420,749 shares at $3.04 0.5% of stake
    Traded Oct 20 Filed Oct 22
    ↗
  2. Toby R Neugebauer 10% owner, +1 joint filer
    Sale
    $14.4M 4,047,200 shares at $3.55 8.5% of stake
    Traded Oct 13–14 Filed Oct 15
    ↗
  3. James Richard Perry Director
    Sale
    $6.3M 863,637 shares at $7.31 5.2% of stake
    Traded Jun 30 Filed Jul 2
    ↗
  4. Griffin Perry 10% owner, +1 joint filer
    Sale
    $56.3M 11M shares at $5.12 15% of stake
    Traded Mar 30–31 Filed Apr 1
    ↗

Also filed in the last 12 months, not counted as buying or selling: 9 stock grants and 8 sales to cover taxes.

SEC filings

Recent issuer filings from EDGAR, 18 shown.

Filed Form Detail Links
8-K 8.01 Filing Doc
8-K 7.01,9.01 Filing Doc
DEF 14A PROXY STATEMENT Filing Doc
8-K 5.08,8.01 Filing Doc
SCHEDULE 13G/A — Filing Doc
8-K 5.02,9.01 Filing Doc
10-Q 10-Q FERMI SECOND QUARTER FORM 10-Q Filing Doc
8-K 2.02,9.01 Filing Doc
8-K 5.02,9.01 Filing Doc
8-K/A 5.02,9.01 Filing Doc
SCHEDULE 13G — Filing Doc
8-K 1.01,2.03,3.02,7.01,9.01 Filing Doc
8-K 5.02,9.01 Filing Doc
8-K 7.01,8.01,9.01 Filing Doc
SCHEDULE 13D/A — Filing Doc
SCHEDULE 13D/A — Filing Doc
DEFA14A SOLICITING MATERIAL PURSUANT TO SECTION 240.14A-12 Filing Doc
DEFA14A SOLICITING MATERIAL PURSUANT TO SECTION 240.14A-12 Filing Doc

Source: SEC EDGAR submissions, updated about 1 hour ago. All on EDGAR

Financials

US-GAAP annual figures by fiscal year, as tagged in Form 10-K. Each value links to its SEC filing.

Income statement

Metric FY2025
Net income -$486.38M

Balance sheet

Metric FY2025
Total assets $1.41B
Total equity $0.00

Cash flow

Metric FY2025
Cash from operations -$34.15M
Cash from investing -$570.26M
Cash from financing $1.01B
Net change in cash * $408.53M

Source: SEC companyfacts (US-GAAP 10-K). A * marks a computed figure, not a single XBRL tag. Fiscal years are as the issuer labels them. Follow The Filings does not adjust or audit these figures.

Ownership over time

13Fs that reported it each quarter. Click a bar for that quarter’s holders.