Friedman Industries
FRD
28 hedge funds and large institutions have $18.6M invested in Friedman Industries in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 3 closing their positions.
0.78% less ownership
Funds ownership: 33.29% → 32.51% (-0.78%)
3% less capital invested
Capital invested by funds: $19.2M → $18.6M (-$609K)
3% less funds holding
Funds holding: 29 → 28 (-1)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWR
McAdams Wright Ragen
Seattle,
Washington
|
+$43.9K |
| 2 |
SRC
Shufro Rose & Co
New York
|
+$37.5K |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$31.6K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$12.9K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$11.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$198K |
| 2 |
Renaissance Technologies
New York
|
-$120K |
| 3 |
Morgan Stanley
New York
|
-$100K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$66.9K |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$54.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
BNP Paribas Financial Markets
Paris,
France
| $275 | – | – | – |
|
|
VKH
27
Virtu KCG Holdings
New York
| – | -$198K | -23,336 | Closed |
|
|
OSAM
28
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$3K | -366 | Closed |
|
|
EU
29
Emory University
Atlanta,
Georgia
| – | -$1K | -185 | Closed |
|
30
Wells Fargo
San Francisco,
California
| – | +$8 | +1 | New |
|
FRD Hedge Fund Activity: Q1 2014 in Review
28 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q1 2014, worth a combined $18.6M — down 3.2% from $19.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FRD and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 5 added.
The largest buyer was McAdams Wright Ragen, adding an estimated $43.9K. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $198K sold.
- 28 institutional investors held Friedman Industries (FRD) as of Q1 2014, down from 29 in Q4 2013.
- Funds reported $18.6M of Friedman Industries stock for Q1 2014, down 3.2% quarter-over-quarter.
- 2 funds opened new Friedman Industries positions in Q1 2014 and 3 closed out, a net change of -1 holder.
- The largest Friedman Industries buyer in Q1 2014 was McAdams Wright Ragen, an estimated $43.9K added.
- The largest Friedman Industries seller in Q1 2014 was Virtu KCG Holdings, an estimated $198K sold.
Based on aggregated 13F filings for Q1 2014.