Friedman Industries
FRD
38 hedge funds and large institutions have $54.9M invested in Friedman Industries in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 1 closing their positions.
800% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 1
48% more capital invested
Capital invested by funds: $37M → $54.9M (+$17.8M)
27% more funds holding
Funds holding: 30 → 38 (+8)
9.52% more ownership
Funds ownership: 32.45% → 41.98% (+9.5%)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$1.05M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.03M |
| 3 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$390K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$337K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$195K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$974K |
| 2 |
Renaissance Technologies
New York
|
-$260K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$93.5K |
| 4 |
A
AJOVista
Boston,
Massachusetts
|
-$49K |
| 5 |
CA
Callahan Advisors
Houston,
Texas
|
-$48.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HIM
26
Hillsdale Investment Management
Toronto,
Ontario, Canada
| $131K | +$120K | +7,012 | New |
|
|
FCMT
27
Founders Capital Management (Texas)
Houston,
Texas
| $93.7K | – | – | – |
|
|
HWA
28
HHM Wealth Advisors
Chattanooga,
Tennessee
| $69.4K | +$63.6K | +3,704 | New |
|
|
SOW
29
State of Wyoming
Cheyenne,
Wyoming
| $51.6K | +$47.2K | +2,751 | New |
|
30
Qube Research & Technologies (QRT)
London,
United Kingdom
| $38.6K | +$35.3K | +2,058 | New |
|
31
Osaic Holdings
Scottsdale,
Arizona
| $25.9K | -$2.06K | -120 | -8% |
|
32
Bank of America
Charlotte,
North Carolina
| $10.8K | +$9.85K | +574 | +14,350% |
|
33
JP Morgan Chase
New York
| $9.33K | +$7K | +408 | +453% |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| $5.96K | – | – | – |
|
35
RhumbLine Advisers
Boston,
Massachusetts
| $4.95K | – | – | – |
|
36
Comerica Bank
Dallas,
Texas
| $2.59K | +$429 | +25 | +22% |
|
37
Fidelity Investments
Boston,
Massachusetts
| $2.06K | – | – | – |
|
38
UBS Group
Zurich,
Switzerland
| $19 | -$18.6K | -1,086 | -100% |
|
|
A
39
AJOVista
Boston,
Massachusetts
| – | -$49K | -3,172 | Closed |
|
FRD Hedge Fund Activity: Q1 2024 in Review
38 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q1 2024, worth a combined $54.9M — up 48% from $37M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FRD positions and 1 closed out — a net gain of 8 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Gendell Jeffrey L, adding an estimated $1.05M. The largest seller was Morgan Stanley, cutting an estimated $974K.
- 38 institutional investors held Friedman Industries (FRD) as of Q1 2024, up from 30 in Q4 2023.
- Funds reported $54.9M of Friedman Industries stock for Q1 2024, up 48% quarter-over-quarter.
- 9 funds opened new Friedman Industries positions in Q1 2024 and 1 closed out, a net change of +8 holders.
- The largest Friedman Industries buyer in Q1 2024 was Gendell Jeffrey L, an estimated $1.05M added.
- The largest Friedman Industries seller in Q1 2024 was Morgan Stanley, an estimated $974K sold.
Based on aggregated 13F filings for Q1 2024.