Friedman Industries
FRD
29 hedge funds and large institutions have $19.2M invested in Friedman Industries in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 5 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
1.37% more ownership
Funds ownership: 31.92% → 33.29% (+1.4%)
0% more funds holding
Funds holding: 29 → 29 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
11% less capital invested
Capital invested by funds: $21.7M → $19.2M (-$2.47M)
Top Buyers
| 1 |
Renaissance Technologies
New York
|
+$320K |
| 2 |
SRC
Shufro Rose & Co
New York
|
+$315K |
| 3 |
Morgan Stanley
New York
|
+$256K |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$252K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$219K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EU
26
Emory University
Atlanta,
Georgia
| $1K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $1K | +$1.09K | +116 | New |
|
28
BNP Paribas Financial Markets
Paris,
France
| $272 | +$300 | +32 | New |
|
|
CA
29
Callahan Advisors
Houston,
Texas
| – | -$128K | -12,766 | Closed |
|
|
BIM
30
BlackRock Investment Management
Wilmington,
Delaware
| – | -$88K | -8,841 | Closed |
|
|
U
31
UBS
Zurich,
Switzerland
| – | -$21K | -2,058 | Closed |
|
32
US Bancorp
Minneapolis,
Minnesota
| – | -$6K | -600 | Closed |
|
33
Wells Fargo
San Francisco,
California
| – | -$9 | -1 | Closed |
|
FRD Hedge Fund Activity: Q4 2013 in Review
29 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q4 2013, worth a combined $19.2M — down 11% from $21.7M a quarter earlier.
Fund positioning in FRD was balanced in Q4 2013: 5 funds opened new positions, 5 closed out, 8 added to existing stakes and 7 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $320K. The largest seller was Bank of America, cutting an estimated $678K.
- 29 institutional investors held Friedman Industries (FRD) as of Q4 2013, unchanged from Q3 2013.
- Funds reported $19.2M of Friedman Industries stock for Q4 2013, down 11% quarter-over-quarter.
- 5 funds opened new Friedman Industries positions in Q4 2013 and 5 closed out, a net change of 0 holders.
- The largest Friedman Industries buyer in Q4 2013 was Renaissance Technologies, an estimated $320K added.
- The largest Friedman Industries seller in Q4 2013 was Bank of America, an estimated $678K sold.
Based on aggregated 13F filings for Q4 2013.