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Friedman Industries
FRD

26 hedge funds and large institutions have $13M invested in Friedman Industries in 2015 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 9 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.18% less ownership

Funds ownership: 34.05% → 30.87% (-3.2%)

4% less funds holding

Funds holding: 27 → 26 (-1)

20% less capital invested

Capital invested by funds: $16.2M → $13M (-$3.17M)

50% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 2

78% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 9

Holders
26
Holders Change
-1
Holders Change %
-3.7%
% of All Funds
0.69%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
2
Reduced
9
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$55.3K
2
Wells Fargo
Wells Fargo
California
+$10.6K
3
UBS Group
UBS Group
Switzerland
+$7.3K

Top Sellers

1
KCM
Kennedy Capital Management
Missouri
-$836K
2
Bank of America
Bank of America
North Carolina
-$264K
3
VKH
Virtu KCG Holdings
New York
-$220K
4
LSV Asset Management
LSV Asset Management
Illinois
-$45.7K
5
Renaissance Technologies
Renaissance Technologies
New York
-$38K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$3.53M -$10.3K -1,600 -0.3%
Renaissance Technologies
2
Renaissance Technologies
New York
$2.79M -$38K -5,900 -1%
SRC
3
Shufro Rose & Co
New York
$1.18M -$36K -5,600 -3%
LSV Asset Management
4
LSV Asset Management
Illinois
$981K -$45.7K -7,107 -4%
OC
5
Oppenheimer & Close
New York
$820K – – –
Vanguard Group
6
Vanguard Group
Pennsylvania
$724K – – –
BCM
7
Bridgeway Capital Management
Texas
$496K – – –
California Public Employees Retirement System
8
California Public Employees Retirement System
California
$392K – – –
PCM
9
Perritt Capital Management
Illinois
$388K – – –
GWI
10
Grace & White Inc
New York
$289K – – –
Morgan Stanley
11
Morgan Stanley
New York
$234K +$55.3K +8,585 +29%
BGIM
12
Brandywine Global Investment Management
Pennsylvania
$217K – – –
BFA
13
BlackRock Fund Advisors
California
$185K -$13K -2,016 -6%
KCM
14
Kennedy Capital Management
Missouri
$142K -$836K -129,870 -85%
PL
15
Parthenon LLC
Kentucky
$136K – – –
Geode Capital Management
16
Geode Capital Management
Massachusetts
$134K – – –
Northern Trust
17
Northern Trust
Illinois
$117K -$11.9K -1,849 -9%
Wells Fargo
18
Wells Fargo
California
$99K +$10.6K +1,641 +11%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$95K – – –
BA
20
BlackRock Advisors
Delaware
$17K – – –
Bank of America
21
Bank of America
North Carolina
$15K -$264K -41,093 -94%
NFA
22
Nationwide Fund Advisors
Ohio
$11K – – –
BIM
23
BlackRock Investment Management
Delaware
$8K – – –
UBS Group
24
UBS Group
Switzerland
$7K +$7.3K +1,134 New
Creative Planning
25
Creative Planning
Kansas
$6K – – –
1
2

FRD Hedge Fund Activity: Q1 2015 in Review

26 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q1 2015, worth a combined $13M — down 20% from $16.2M a quarter earlier.

Sellers outnumbered buyers: 2 funds closed out of FRD and 1 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 2 added.

The largest buyer was Morgan Stanley, adding an estimated $55.3K. The largest seller was Kennedy Capital Management, cutting an estimated $836K.

  • 26 institutional investors held Friedman Industries (FRD) as of Q1 2015, down from 27 in Q4 2014.
  • Funds reported $13M of Friedman Industries stock for Q1 2015, down 20% quarter-over-quarter.
  • 1 fund opened new Friedman Industries positions in Q1 2015 and 2 closed out, a net change of -1 holder.
  • The largest Friedman Industries buyer in Q1 2015 was Morgan Stanley, an estimated $55.3K added.
  • The largest Friedman Industries seller in Q1 2015 was Kennedy Capital Management, an estimated $836K sold.

Based on aggregated 13F filings for Q1 2015.