Friedman Industries
FRD
29 hedge funds and large institutions have $13.2M invested in Friedman Industries in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 2 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
4% more funds holding
Funds holding: 28 → 29 (+1)
1.51% less ownership
Funds ownership: 34.74% → 33.23% (-1.5%)
16% less capital invested
Capital invested by funds: $15.7M → $13.2M (-$2.49M)
Top Buyers
| 1 |
Renaissance Technologies
New York
|
+$133K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$129K |
| 3 |
Franklin Resources
San Mateo,
California
|
+$58.2K |
| 4 |
JP Morgan Chase
New York
|
+$51.8K |
| 5 |
LCM
Leisure Capital Management
Costa Mesa,
California
|
+$42.3K |
Top Sellers
| 1 |
OC
Oppenheimer & Close
New York
|
-$979K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$111K |
| 3 |
SRC
Shufro Rose & Co
New York
|
-$58.7K |
| 4 |
BlackRock
New York
|
-$21.5K |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.74K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FCMT
26
Founders Capital Management (Texas)
Houston,
Texas
| $9K | – | – | – |
|
27
Creative Planning
Overland Park,
Kansas
| $6K | – | – | – |
|
28
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $2K | +$2.79K | +480 | New |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $1K | +$582 | +100 | New |
|
|
OC
30
Oppenheimer & Close
New York
| – | -$979K | -151,802 | Closed |
|
|
VKH
31
Virtu KCG Holdings
New York
| – | -$111K | -17,251 | Closed |
|
FRD Hedge Fund Activity: Q2 2017 in Review
29 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q2 2017, worth a combined $13.2M — down 16% from $15.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FRD positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $133K. The largest seller was Oppenheimer & Close, exiting entirely with an estimated $979K sold.
- 29 institutional investors held Friedman Industries (FRD) as of Q2 2017, up from 28 in Q1 2017.
- Funds reported $13.2M of Friedman Industries stock for Q2 2017, down 16% quarter-over-quarter.
- 3 funds opened new Friedman Industries positions in Q2 2017 and 2 closed out, a net change of +1 holder.
- The largest Friedman Industries buyer in Q2 2017 was Renaissance Technologies, an estimated $133K added.
- The largest Friedman Industries seller in Q2 2017 was Oppenheimer & Close, an estimated $979K sold.
Based on aggregated 13F filings for Q2 2017.