Friedman Industries
FRD
29 hedge funds and large institutions have $21.7M invested in Friedman Industries in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
8% more capital invested
Capital invested by funds: $20M → $21.7M (+$1.65M)
4% more funds holding
Funds holding: 28 → 29 (+1)
1.98% more ownership
Funds ownership: 29.93% → 31.92% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$667K |
| 2 |
Renaissance Technologies
New York
|
+$253K |
| 3 |
SRC
Shufro Rose & Co
New York
|
+$243K |
| 4 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$233K |
| 5 |
Morgan Stanley
New York
|
+$92.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWR
McAdams Wright Ragen
Seattle,
Washington
|
-$290K |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$32.4K |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$15.8K |
| 4 |
CA
Callahan Advisors
Houston,
Texas
|
-$9.92K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$6.37K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AC
26
Alexandria Capital
Arlington,
Virginia
| $4K | – | – | – |
|
|
EU
27
Emory University
Atlanta,
Georgia
| $2K | – | – | – |
|
|
GC
28
Globeflex Capital
San Diego,
California
| $1K | – | – | – |
|
|
MWR
29
McAdams Wright Ragen
Seattle,
Washington
| – | -$290K | -29,479 | Closed |
|
30
Wells Fargo
San Francisco,
California
| – | +$10 | +1 | New |
|
FRD Hedge Fund Activity: Q3 2013 in Review
29 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2013, worth a combined $21.7M — up 8.2% from $20M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FRD positions and 2 closed out — a net gain of 1 holder — while 8 added to existing stakes and 6 trimmed.
The largest buyer was Bank of America, adding an estimated $667K. The largest seller was McAdams Wright Ragen, exiting entirely with an estimated $290K sold.
- 29 institutional investors held Friedman Industries (FRD) as of Q3 2013, up from 28 in Q2 2013.
- Funds reported $21.7M of Friedman Industries stock for Q3 2013, up 8.2% quarter-over-quarter.
- 3 funds opened new Friedman Industries positions in Q3 2013 and 2 closed out, a net change of +1 holder.
- The largest Friedman Industries buyer in Q3 2013 was Bank of America, an estimated $667K added.
- The largest Friedman Industries seller in Q3 2013 was McAdams Wright Ragen, an estimated $290K sold.
Based on aggregated 13F filings for Q3 2013.