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Friedman Industries
FRD

40 hedge funds and large institutions have $44.4M invested in Friedman Industries in 2024 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

5% more funds holding

Funds holding: 38 → 40 (+2)

0.12% more ownership

Funds ownership: 41.98% → 42.1% (+0.12%)

0% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 13

19% less capital invested

Capital invested by funds: $54.9M → $44.4M (-$10.5M)

Holders
40
Holders Change
+2
Holders Change %
+5.26%
% of All Funds
0.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
13
Reduced
13
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LSV Asset Management
LSV Asset Management
Illinois
+$409K
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$232K
3
GJL
Gendell Jeffrey L
+$180K
4
CA
Callahan Advisors
Texas
+$77.4K
5
OSAM
O'Shaughnessy Asset Management
Connecticut
+$60.1K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$333K
2
TBA
Tower Bridge Advisors
Pennsylvania
-$212K
3
NA
NewEdge Advisors
Louisiana
-$209K
4
RWM
Ritholtz Wealth Management
New York
-$194K
5
Citadel Advisors
Citadel Advisors
Florida
-$133K
Name Holding Trade Value Shares
Change 		Change in
Stake
FCMT
26
Founders Capital Management (Texas)
Texas
$75.5K – – –
HWA
27
HHM Wealth Advisors
Tennessee
$55.9K – – –
SOW
28
State of Wyoming
Wyoming
$37.9K -$4.31K -239 -9%
Osaic Holdings
29
Osaic Holdings
Arizona
$37.9K +$20.4K +1,130 +82%
IC
30
Innealta Capital
Texas
$7.85K +$9.37K +520 New
TRCT
31
Tower Research Capital (TRC)
New York
$4.8K – – –
RhumbLine Advisers
32
RhumbLine Advisers
Massachusetts
$3.99K – – –
Qube Research & Technologies (QRT)
33
Qube Research & Technologies (QRT)
United Kingdom
$3.44K -$33K -1,830 -89%
Bank of America
34
Bank of America
North Carolina
$2.63K -$7.28K -404 -70%
Comerica Bank
35
Comerica Bank
Texas
$2.08K – – –
Fidelity Investments
36
Fidelity Investments
Massachusetts
$1.68K +$18 +1 +0.9%
NA
37
NewEdge Advisors
Louisiana
$1.09K -$209K -11,581 -99%
JP Morgan Chase
38
JP Morgan Chase
New York
$242 -$8.69K -482 -97%
AIC
39
Archer Investment Corporation
Indiana
$151 +$180 +10 New
UBS Group
40
UBS Group
Switzerland
$15 – – –
TBA
41
Tower Bridge Advisors
Pennsylvania
– -$212K -11,310 Closed
RWM
42
Ritholtz Wealth Management
New York
– -$194K -10,335 Closed
1
2

FRD Hedge Fund Activity: Q2 2024 in Review

40 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q2 2024, worth a combined $44.4M — down 19% from $54.9M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new FRD positions and 2 closed out — a net gain of 2 holders — while 13 added to existing stakes and 13 trimmed.

The largest buyer was LSV Asset Management, opening a new position worth an estimated $409K. The largest seller was Susquehanna International Group, cutting an estimated $333K.

  • 40 institutional investors held Friedman Industries (FRD) as of Q2 2024, up from 38 in Q1 2024.
  • Funds reported $44.4M of Friedman Industries stock for Q2 2024, down 19% quarter-over-quarter.
  • 4 funds opened new Friedman Industries positions in Q2 2024 and 2 closed out, a net change of +2 holders.
  • The largest Friedman Industries buyer in Q2 2024 was LSV Asset Management, an estimated $409K added.
  • The largest Friedman Industries seller in Q2 2024 was Susquehanna International Group, an estimated $333K sold.

Based on aggregated 13F filings for Q2 2024.