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Friedman Industries
FRD

29 hedge funds and large institutions have $21.7M invested in Friedman Industries in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

33% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 6

8% more capital invested

Capital invested by funds: $20M → $21.7M (+$1.65M)

4% more funds holding

Funds holding: 28 → 29 (+1)

1.98% more ownership

Funds ownership: 29.93% → 31.92% (+2%)

Holders
29
Holders Change
+1
Holders Change %
+3.57%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
8
Reduced
6
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$667K
2
Renaissance Technologies
Renaissance Technologies
New York
+$253K
3
SRC
Shufro Rose & Co
New York
+$243K
4
PCM
Perritt Capital Management
Illinois
+$233K
5
Morgan Stanley
Morgan Stanley
New York
+$92.2K

Top Sellers

Rank Fund Capital Flow
1
MWR
McAdams Wright Ragen
Washington
-$290K
2
Northern Trust
Northern Trust
Illinois
-$32.4K
3
KCM
Kennedy Capital Management
Missouri
-$15.8K
4
CA
Callahan Advisors
Texas
-$9.92K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$6.37K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$5.64M -$6.37K -642 -0.1%
Renaissance Technologies
2
Renaissance Technologies
New York
$4.27M +$253K +25,500 +6%
LSV Asset Management
3
LSV Asset Management
Illinois
$2.03M – – –
SRC
4
Shufro Rose & Co
New York
$1.93M +$243K +24,505 +15%
KCM
5
Kennedy Capital Management
Missouri
$1.64M -$15.8K -1,590 -1%
Bank of America
6
Bank of America
North Carolina
$1.13M +$667K +67,186 +146%
Vanguard Group
7
Vanguard Group
Pennsylvania
$1.05M – – –
BCM
8
Bridgeway Capital Management
Texas
$765K – – –
California Public Employees Retirement System
9
California Public Employees Retirement System
California
$623K – – –
PCM
10
Perritt Capital Management
Illinois
$603K +$233K +23,452 +64%
GWI
11
Grace & White Inc
New York
$465K – – –
BFA
12
BlackRock Fund Advisors
California
$259K +$20.2K +2,034 +9%
Morgan Stanley
13
Morgan Stanley
New York
$230K +$92.2K +9,291 +68%
Northern Trust
14
Northern Trust
Illinois
$215K -$32.4K -3,267 -13%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$180K -$526 -53 -0.3%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$178K – – –
Deutsche Bank
17
Deutsche Bank
Germany
$151K +$75.4K +7,600 +101%
CA
18
Callahan Advisors
Texas
$128K -$9.92K -1,000 -7%
BIM
19
BlackRock Investment Management
Delaware
$88K +$87.7K +8,841 New
First Manhattan
20
First Manhattan
New York
$29K – – –
BA
21
BlackRock Advisors
Delaware
$23K +$4.29K +432 +23%
U
22
UBS
Switzerland
$21K +$20.4K +2,058 New
NFA
23
Nationwide Fund Advisors
Ohio
$17K – – –
OSAM
24
O'Shaughnessy Asset Management
Connecticut
$7K -$992 -100 -12%
US Bancorp
25
US Bancorp
Minnesota
$6K – – –
1
2

FRD Hedge Fund Activity: Q3 2013 in Review

29 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2013, worth a combined $21.7M — up 8.2% from $20M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new FRD positions and 2 closed out — a net gain of 1 holder — while 8 added to existing stakes and 6 trimmed.

The largest buyer was Bank of America, adding an estimated $667K. The largest seller was McAdams Wright Ragen, exiting entirely with an estimated $290K sold.

  • 29 institutional investors held Friedman Industries (FRD) as of Q3 2013, up from 28 in Q2 2013.
  • Funds reported $21.7M of Friedman Industries stock for Q3 2013, up 8.2% quarter-over-quarter.
  • 3 funds opened new Friedman Industries positions in Q3 2013 and 2 closed out, a net change of +1 holder.
  • The largest Friedman Industries buyer in Q3 2013 was Bank of America, an estimated $667K added.
  • The largest Friedman Industries seller in Q3 2013 was McAdams Wright Ragen, an estimated $290K sold.

Based on aggregated 13F filings for Q3 2013.