Friedman Industries
FRD
30 hedge funds and large institutions have $18.7M invested in Friedman Industries in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 4 closing their positions.
1.54% more ownership
Funds ownership: 33.17% → 34.71% (+1.5%)
2% less capital invested
Capital invested by funds: $19.1M → $18.7M (-$306K)
3% less funds holding
Funds holding: 31 → 30 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OC
Oppenheimer & Close
New York
|
+$840K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$120K |
| 3 |
Bank of New York Mellon
New York
|
+$93.1K |
| 4 |
PL
Parthenon LLC
Louisville,
Kentucky
|
+$79.5K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$32.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$63K |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$62.7K |
| 3 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
-$62.7K |
| 4 |
MWR
McAdams Wright Ragen
Seattle,
Washington
|
-$28.4K |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$22.2K |
FRD Hedge Fund Activity: Q3 2014 in Review
30 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2014, worth a combined $18.7M — down 1.6% from $19.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FRD and 3 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 7 added.
The largest buyer was Oppenheimer & Close, adding an estimated $840K. The largest seller was Deutsche Bank, exiting entirely with an estimated $63K sold.
- 30 institutional investors held Friedman Industries (FRD) as of Q3 2014, down from 31 in Q2 2014.
- Funds reported $18.7M of Friedman Industries stock for Q3 2014, down 1.6% quarter-over-quarter.
- 3 funds opened new Friedman Industries positions in Q3 2014 and 4 closed out, a net change of -1 holder.
- The largest Friedman Industries buyer in Q3 2014 was Oppenheimer & Close, an estimated $840K added.
- The largest Friedman Industries seller in Q3 2014 was Deutsche Bank, an estimated $63K sold.
Based on aggregated 13F filings for Q3 2014.