Friedman Industries
FRD
27 hedge funds and large institutions have $11.6M invested in Friedman Industries in 2016 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 2 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
0.08% more ownership
Funds ownership: 31.83% → 31.92% (+0.08%)
7% less funds holding
Funds holding: 29 → 27 (-2)
8% less capital invested
Capital invested by funds: $12.6M → $11.6M (-$993K)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$92K |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$65.5K |
| 3 |
CA
Callahan Advisors
Houston,
Texas
|
+$37.9K |
| 4 |
OC
Oppenheimer & Close
New York
|
+$29.7K |
| 5 |
Renaissance Technologies
New York
|
+$19.2K |
Top Sellers
| 1 |
LSV Asset Management
Chicago,
Illinois
|
-$90.6K |
| 2 |
Bank of New York Mellon
New York
|
-$59K |
| 3 |
Morgan Stanley
New York
|
-$27.5K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$17K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$7.34K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Creative Planning
Overland Park,
Kansas
| $5K | -$17K | -3,016 | -75% |
|
|
FIB
27
First Interstate Bank
Billings,
Montana
| $1K | – | – | – |
|
|
28
Bank of New York Mellon
New York
| – | -$59K | -10,104 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$4K | -698 | Closed |
|
FRD Hedge Fund Activity: Q3 2016 in Review
27 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2016, worth a combined $11.6M — down 7.9% from $12.6M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FRD and 0 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Vanguard Group, adding an estimated $92K. The largest seller was LSV Asset Management, cutting an estimated $90.6K.
- 27 institutional investors held Friedman Industries (FRD) as of Q3 2016, down from 29 in Q2 2016.
- Funds reported $11.6M of Friedman Industries stock for Q3 2016, down 7.9% quarter-over-quarter.
- 0 funds opened new Friedman Industries positions in Q3 2016 and 2 closed out, a net change of -2 holders.
- The largest Friedman Industries buyer in Q3 2016 was Vanguard Group, an estimated $92K added.
- The largest Friedman Industries seller in Q3 2016 was LSV Asset Management, an estimated $90.6K sold.
Based on aggregated 13F filings for Q3 2016.