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Friedman Industries
FRD

28 hedge funds and large institutions have $18.6M invested in Friedman Industries in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.78% less ownership

Funds ownership: 33.29% → 32.51% (-0.78%)

3% less capital invested

Capital invested by funds: $19.2M → $18.6M (-$609K)

3% less funds holding

Funds holding: 29 → 28 (-1)

17% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 6

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
28
Holders Change
-1
Holders Change %
-3.45%
% of All Funds
0.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
5
Reduced
6
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MWR
McAdams Wright Ragen
Washington
+$43.9K
2
SRC
Shufro Rose & Co
New York
+$37.5K
3
BFA
BlackRock Fund Advisors
California
+$31.6K
4
U
UBS
Switzerland
+$12.9K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$11.5K

Top Sellers

Rank Fund Capital Flow
1
VKH
Virtu KCG Holdings
New York
-$198K
2
Renaissance Technologies
Renaissance Technologies
New York
-$120K
3
Morgan Stanley
Morgan Stanley
New York
-$100K
4
Deutsche Bank
Deutsche Bank
Germany
-$66.9K
5
LSV Asset Management
LSV Asset Management
Illinois
-$54.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$4.75M +$11.5K +1,360 +0.2%
Renaissance Technologies
2
Renaissance Technologies
New York
$3.77M -$120K -14,200 -3%
SRC
3
Shufro Rose & Co
New York
$1.95M +$37.5K +4,431 +2%
LSV Asset Management
4
LSV Asset Management
Illinois
$1.65M -$54.6K -6,456 -3%
KCM
5
Kennedy Capital Management
Missouri
$1.31M -$42.6K -5,035 -3%
Vanguard Group
6
Vanguard Group
Pennsylvania
$888K – – –
BCM
7
Bridgeway Capital Management
Texas
$729K – – –
PCM
8
Perritt Capital Management
Illinois
$674K – – –
California Public Employees Retirement System
9
California Public Employees Retirement System
California
$523K – – –
GWI
10
Grace & White Inc
New York
$392K – – –
Bank of America
11
Bank of America
North Carolina
$346K -$203 -24 -0.1%
Morgan Stanley
12
Morgan Stanley
New York
$323K -$100K -11,819 -24%
BFA
13
BlackRock Fund Advisors
California
$259K +$31.6K +3,729 +14%
BGIM
14
Brandywine Global Investment Management
Pennsylvania
$227K – – –
MWR
15
McAdams Wright Ragen
Washington
$226K +$43.9K +5,191 +24%
Northern Trust
16
Northern Trust
Illinois
$181K – – –
Geode Capital Management
17
Geode Capital Management
Massachusetts
$149K – – –
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$130K – – –
Deutsche Bank
19
Deutsche Bank
Germany
$67K -$66.9K -7,901 -50%
First Manhattan
20
First Manhattan
New York
$24K – – –
BA
21
BlackRock Advisors
Delaware
$23K – – –
NFA
22
Nationwide Fund Advisors
Ohio
$14K – – –
U
23
UBS
Switzerland
$13K +$12.9K +1,523 New
AC
24
Alexandria Capital
Virginia
$3K – – –
TRCT
25
Tower Research Capital (TRC)
New York
$3K +$1.64K +194 +167%
1
2

FRD Hedge Fund Activity: Q1 2014 in Review

28 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q1 2014, worth a combined $18.6M — down 3.2% from $19.2M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of FRD and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 5 added.

The largest buyer was McAdams Wright Ragen, adding an estimated $43.9K. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $198K sold.

  • 28 institutional investors held Friedman Industries (FRD) as of Q1 2014, down from 29 in Q4 2013.
  • Funds reported $18.6M of Friedman Industries stock for Q1 2014, down 3.2% quarter-over-quarter.
  • 2 funds opened new Friedman Industries positions in Q1 2014 and 3 closed out, a net change of -1 holder.
  • The largest Friedman Industries buyer in Q1 2014 was McAdams Wright Ragen, an estimated $43.9K added.
  • The largest Friedman Industries seller in Q1 2014 was Virtu KCG Holdings, an estimated $198K sold.

Based on aggregated 13F filings for Q1 2014.