Friedman Industries
FRD
27 hedge funds and large institutions have $27.4M invested in Friedman Industries in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
17% more funds holding
Funds holding: 23 → 27 (+4)
1.31% more ownership
Funds ownership: 32.09% → 33.4% (+1.3%)
8% less capital invested
Capital invested by funds: $29.7M → $27.4M (-$2.27M)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
Top Buyers
| 1 |
Millennium Management
New York
|
+$440K |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$357K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$240K |
| 4 |
Two Sigma Investments
New York
|
+$232K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$223K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Fidelity Investments
Boston,
Massachusetts
| $1K | -$341 | -27 | -36% |
|
27
California Public Employees Retirement System
Sacramento,
California
| – | -$184K | -13,697 | Closed |
|
28
Bank of America
Charlotte,
North Carolina
| – | -$745 | -59 | -87% |
|
FRD Hedge Fund Activity: Q3 2021 in Review
27 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2021, worth a combined $27.4M — down 7.6% from $29.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FRD positions and 1 closed out — a net gain of 4 holders — while 6 added to existing stakes and 11 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $440K. The largest seller was Renaissance Technologies, cutting an estimated $400K.
- 27 institutional investors held Friedman Industries (FRD) as of Q3 2021, up from 23 in Q2 2021.
- Funds reported $27.4M of Friedman Industries stock for Q3 2021, down 7.6% quarter-over-quarter.
- 5 funds opened new Friedman Industries positions in Q3 2021 and 1 closed out, a net change of +4 holders.
- The largest Friedman Industries buyer in Q3 2021 was Millennium Management, an estimated $440K added.
- The largest Friedman Industries seller in Q3 2021 was Renaissance Technologies, an estimated $400K sold.
Based on aggregated 13F filings for Q3 2021.