Friedman Industries
FRD
29 hedge funds and large institutions have $28.4M invested in Friedman Industries in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
26% more funds holding
Funds holding: 23 → 29 (+6)
14% more capital invested
Capital invested by funds: $24.9M → $28.4M (+$3.47M)
0.96% more ownership
Funds ownership: 29.58% → 30.53% (+0.96%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| 1 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$254K |
| 2 |
Man Group
London,
United Kingdom
|
+$240K |
| 3 |
TBA
Tower Bridge Advisors
Conshohocken,
Pennsylvania
|
+$120K |
| 4 |
GJL
Gendell Jeffrey L
|
+$98K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$49.6K |
Top Sellers
| 1 |
Renaissance Technologies
New York
|
-$125K |
| 2 |
SRC
Shufro Rose & Co
New York
|
-$101K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$82.7K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$28.5K |
| 5 |
JIR
James Investment Research
Alpha,
Ohio
|
-$27K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MUMSS
26
Mitsubishi UFJ Morgan Stanley Securities
Tokyo,
Japan
| $19.8K | +$16.7K | +1,574 | New |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $13K | -$1.62K | -153 | -13% |
|
28
RhumbLine Advisers
Boston,
Massachusetts
| $3.33K | +$2.8K | +264 | New |
|
29
UBS Group
Zurich,
Switzerland
| $504 | -$13.6K | -1,279 | -97% |
|
|
JIR
30
James Investment Research
Alpha,
Ohio
| – | -$27K | -2,400 | Closed |
|
FRD Hedge Fund Activity: Q2 2023 in Review
29 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q2 2023, worth a combined $28.4M — up 14% from $24.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FRD positions and 1 closed out — a net gain of 6 holders — while 8 added to existing stakes and 9 trimmed.
The largest buyer was Empowered Funds, opening a new position worth an estimated $254K. The largest seller was Renaissance Technologies, cutting an estimated $125K.
- 29 institutional investors held Friedman Industries (FRD) as of Q2 2023, up from 23 in Q1 2023.
- Funds reported $28.4M of Friedman Industries stock for Q2 2023, up 14% quarter-over-quarter.
- 7 funds opened new Friedman Industries positions in Q2 2023 and 1 closed out, a net change of +6 holders.
- The largest Friedman Industries buyer in Q2 2023 was Empowered Funds, an estimated $254K added.
- The largest Friedman Industries seller in Q2 2023 was Renaissance Technologies, an estimated $125K sold.
Based on aggregated 13F filings for Q2 2023.