Friedman Industries
FRD
25 hedge funds and large institutions have $12.1M invested in Friedman Industries in 2020 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 5 closing their positions.
11% more capital invested
Capital invested by funds: $10.9M → $12.1M (+$1.2M)
1.1% less ownership
Funds ownership: 35.43% → 34.33% (-1.1%)
14% less funds holding
Funds holding: 29 → 25 (-4)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$43.3K |
| 2 |
BlackRock
New York
|
+$13.4K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$152 |
| 4 |
Barclays
London,
United Kingdom
|
+$46 |
| 5 |
JP Morgan Chase
New York
|
+$23 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$177K |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$96.6K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$65.6K |
| 4 |
AA
Advisory Alpha
Holland,
Michigan
|
-$16.6K |
| 5 |
HPC
HM Payson & Co
Portland,
Maine
|
-$12K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HPC
26
HM Payson & Co
Portland,
Maine
| – | -$12K | -2,792 | Closed |
|
27
Victory Capital Management
San Antonio,
Texas
| – | -$10K | -2,424 | Closed |
|
28
UBS Group
Zurich,
Switzerland
| – | -$3K | -570 | Closed |
|
|
29
JP Morgan Chase
New York
| – | +$23 | +5 | New |
|
|
30
Barclays
London,
United Kingdom
| – | +$46 | +10 | New |
|
FRD Hedge Fund Activity: Q2 2020 in Review
25 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q2 2020, worth a combined $12.1M — up 11% from $10.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FRD and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 4 added.
The largest buyer was Renaissance Technologies, adding an estimated $43.3K. The largest seller was Municipal Employees' Retirement System of Michigan, exiting entirely with an estimated $177K sold.
- 25 institutional investors held Friedman Industries (FRD) as of Q2 2020, down from 29 in Q1 2020.
- Funds reported $12.1M of Friedman Industries stock for Q2 2020, up 11% quarter-over-quarter.
- 2 funds opened new Friedman Industries positions in Q2 2020 and 5 closed out, a net change of -3 holders.
- The largest Friedman Industries buyer in Q2 2020 was Renaissance Technologies, an estimated $43.3K added.
- The largest Friedman Industries seller in Q2 2020 was Municipal Employees' Retirement System of Michigan, an estimated $177K sold.
Based on aggregated 13F filings for Q2 2020.