Friedman Industries
FRD
30 hedge funds and large institutions have $37M invested in Friedman Industries in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 4 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
16% more capital invested
Capital invested by funds: $31.8M → $37M (+$5.2M)
0.58% more ownership
Funds ownership: 31.87% → 32.45% (+0.58%)
3% less funds holding
Funds holding: 31 → 30 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$972K |
| 2 |
GJL
Gendell Jeffrey L
|
+$260K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$135K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$127K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$54.3K |
Top Sellers
| 1 |
EI
EAM Investors
Solana Beach,
California
|
-$1.16M |
| 2 |
SOW
State of Wyoming
Cheyenne,
Wyoming
|
-$33.4K |
| 3 |
DA
Denali Advisors
San Diego,
California
|
-$26.8K |
| 4 |
Renaissance Technologies
New York
|
-$21.6K |
| 5 |
HWM
HighMark Wealth Management
St. Paul,
Minnesota
|
-$20.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
RhumbLine Advisers
Boston,
Massachusetts
| $4.08K | – | – | – |
|
27
Comerica Bank
Dallas,
Texas
| $1.75K | – | – | – |
|
28
Fidelity Investments
Boston,
Massachusetts
| $1.7K | -$756 | -61 | -36% |
|
29
JP Morgan Chase
New York
| $1.39K | +$1.02K | +82 | +1,025% |
|
30
Bank of America
Charlotte,
North Carolina
| $62 | +$50 | +4 | New |
|
|
EI
31
EAM Investors
Solana Beach,
California
| – | -$1.16M | -86,911 | Closed |
|
|
SOW
32
State of Wyoming
Cheyenne,
Wyoming
| – | -$33.4K | -2,496 | Closed |
|
|
DA
33
Denali Advisors
San Diego,
California
| – | -$26.8K | -2,000 | Closed |
|
|
HWM
34
HighMark Wealth Management
St. Paul,
Minnesota
| – | -$20.1K | -1,500 | Closed |
|
FRD Hedge Fund Activity: Q4 2023 in Review
30 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q4 2023, worth a combined $37M — up 16% from $31.8M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FRD and 3 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $972K. The largest seller was EAM Investors, exiting entirely with an estimated $1.16M sold.
- 30 institutional investors held Friedman Industries (FRD) as of Q4 2023, down from 31 in Q3 2023.
- Funds reported $37M of Friedman Industries stock for Q4 2023, up 16% quarter-over-quarter.
- 3 funds opened new Friedman Industries positions in Q4 2023 and 4 closed out, a net change of -1 holder.
- The largest Friedman Industries buyer in Q4 2023 was Morgan Stanley, an estimated $972K added.
- The largest Friedman Industries seller in Q4 2023 was EAM Investors, an estimated $1.16M sold.
Based on aggregated 13F filings for Q4 2023.