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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
30
Holders Change
-1
Holders Change %
-3.23%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
7
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
OC
Oppenheimer & Close
New York
+$840K
2
Wells Fargo
Wells Fargo
California
+$120K
3
Bank of New York Mellon
Bank of New York Mellon
New York
+$93.1K
4
PL
Parthenon LLC
Kentucky
+$79.5K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$32.7K

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$63K
2
LSV Asset Management
LSV Asset Management
Illinois
-$62.7K
3
PCM
Perritt Capital Management
Illinois
-$62.7K
4
MWR
McAdams Wright Ragen
Washington
-$28.4K
5
KCM
Kennedy Capital Management
Missouri
-$22.2K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$4.54M -$18.4K -2,200 -0.4%
Renaissance Technologies
2
Renaissance Technologies
New York
$3.58M -$20.9K -2,500 -0.6%
SRC
3
Shufro Rose & Co
New York
$1.84M +$8.36K +1,000 +0.4%
LSV Asset Management
4
LSV Asset Management
Illinois
$1.49M -$62.7K -7,500 -4%
KCM
5
Kennedy Capital Management
Missouri
$1.22M -$22.2K -2,661 -2%
OC
6
Oppenheimer & Close
New York
$1.05M +$840K +100,533 +317%
Vanguard Group
7
Vanguard Group
Pennsylvania
$845K +$8.36K +1,000 +0.9%
BCM
8
Bridgeway Capital Management
Texas
$688K – – –
PCM
9
Perritt Capital Management
Illinois
$496K -$62.7K -7,500 -11%
California Public Employees Retirement System
10
California Public Employees Retirement System
California
$495K – – –
GWI
11
Grace & White Inc
New York
$370K – – –
Bank of America
12
Bank of America
North Carolina
$326K – – –
Morgan Stanley
13
Morgan Stanley
New York
$300K +$3.55K +425 +1%
BGIM
14
Brandywine Global Investment Management
Pennsylvania
$278K -$5.6K -670 -2%
BFA
15
BlackRock Fund Advisors
California
$234K -$17.9K -2,142 -7%
PL
16
Parthenon LLC
Kentucky
$175K +$79.5K +9,514 +76%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$172K +$32.7K +3,912 +22%
Northern Trust
18
Northern Trust
Illinois
$166K -$284 -34 -0.2%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$122K – – –
Wells Fargo
20
Wells Fargo
California
$114K +$120K +14,401 New
Bank of New York Mellon
21
Bank of New York Mellon
New York
$88K +$93.1K +11,138 New
MWR
22
McAdams Wright Ragen
Washington
$84K -$28.4K -3,400 -24%
BA
23
BlackRock Advisors
Delaware
$22K – – –
NFA
24
Nationwide Fund Advisors
Ohio
$14K – – –
BIM
25
BlackRock Investment Management
Delaware
$10K +$1K +120 +11%
1
2

FRD Hedge Fund Activity: Q3 2014 in Review

30 of the 3,446 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.