Friedman Industries
FRD
26 hedge funds and large institutions have $13M invested in Friedman Industries in 2015 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 9 reducing their positions, and 2 closing their positions.
3.18% less ownership
Funds ownership: 34.05% → 30.87% (-3.2%)
4% less funds holding
Funds holding: 27 → 26 (-1)
20% less capital invested
Capital invested by funds: $16.2M → $13M (-$3.17M)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
78% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 9
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$55.3K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$10.6K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$7.3K |
Top Sellers
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$836K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$264K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$220K |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
-$45.7K |
| 5 |
Renaissance Technologies
New York
|
-$38K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VKH
26
Virtu KCG Holdings
New York
| – | -$220K | -31,395 | Closed |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$8K | -1,270 | Closed |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| – | -$26 | -4 | -57% |
|
FRD Hedge Fund Activity: Q1 2015 in Review
26 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q1 2015, worth a combined $13M — down 20% from $16.2M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FRD and 1 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 2 added.
The largest buyer was Morgan Stanley, adding an estimated $55.3K. The largest seller was Kennedy Capital Management, cutting an estimated $836K.
- 26 institutional investors held Friedman Industries (FRD) as of Q1 2015, down from 27 in Q4 2014.
- Funds reported $13M of Friedman Industries stock for Q1 2015, down 20% quarter-over-quarter.
- 1 fund opened new Friedman Industries positions in Q1 2015 and 2 closed out, a net change of -1 holder.
- The largest Friedman Industries buyer in Q1 2015 was Morgan Stanley, an estimated $55.3K added.
- The largest Friedman Industries seller in Q1 2015 was Kennedy Capital Management, an estimated $836K sold.
Based on aggregated 13F filings for Q1 2015.