Friedman Industries
FRD
31 hedge funds and large institutions have $31.8M invested in Friedman Industries in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 5 reducing their positions, and 5 closing their positions.
180% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 5
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
12% more capital invested
Capital invested by funds: $28.4M → $31.8M (+$3.44M)
7% more funds holding
Funds holding: 29 → 31 (+2)
1.34% more ownership
Funds ownership: 30.53% → 31.87% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EI
EAM Investors
Solana Beach,
California
|
+$1.26M |
| 2 |
GJL
Gendell Jeffrey L
|
+$453K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$368K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$338K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$219K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
-$330K |
| 2 |
SRC
Shufro Rose & Co
New York
|
-$221K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$195K |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$145K |
| 5 |
Renaissance Technologies
New York
|
-$132K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HWM
26
HighMark Wealth Management
St. Paul,
Minnesota
| $20.1K | +$21.8K | +1,500 | New |
|
27
UBS Group
Zurich,
Switzerland
| $15.3K | +$16K | +1,102 | +2,755% |
|
|
NA
28
NewEdge Advisors
New Orleans,
Louisiana
| $6.19K | +$6.72K | +462 | New |
|
29
RhumbLine Advisers
Boston,
Massachusetts
| $3.54K | – | – | – |
|
30
Fidelity Investments
Boston,
Massachusetts
| $2.3K | -$31K | -2,131 | -93% |
|
31
Comerica Bank
Dallas,
Texas
| $1.51K | +$1.64K | +113 | New |
|
32
JP Morgan Chase
New York
| $107 | +$116 | +8 | New |
|
|
SRC
33
Shufro Rose & Co
New York
| – | -$221K | -17,500 | Closed |
|
|
34
Citadel Advisors
Miami,
Florida
| – | -$195K | -15,491 | Closed |
|
|
HIM
35
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$145K | -11,500 | Closed |
|
|
MUMSS
36
Mitsubishi UFJ Morgan Stanley Securities
Tokyo,
Japan
| – | -$19.8K | -1,574 | Closed |
|
FRD Hedge Fund Activity: Q3 2023 in Review
31 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2023, worth a combined $31.8M — up 12% from $28.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FRD positions and 5 closed out — a net gain of 3 holders — while 14 added to existing stakes and 5 trimmed.
The largest buyer was EAM Investors, opening a new position worth an estimated $1.26M. The largest seller was Man Group, exiting entirely with an estimated $330K sold.
- 31 institutional investors held Friedman Industries (FRD) as of Q3 2023, up from 29 in Q2 2023.
- Funds reported $31.8M of Friedman Industries stock for Q3 2023, up 12% quarter-over-quarter.
- 8 funds opened new Friedman Industries positions in Q3 2023 and 5 closed out, a net change of +3 holders.
- The largest Friedman Industries buyer in Q3 2023 was EAM Investors, an estimated $1.26M added.
- The largest Friedman Industries seller in Q3 2023 was Man Group, an estimated $330K sold.
Based on aggregated 13F filings for Q3 2023.