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Friedman Industries
FRD

24 hedge funds and large institutions have $12.8M invested in Friedman Industries in 2015 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.81% less ownership

Funds ownership: 30.87% → 30.05% (-0.81%)

2% less capital invested

Capital invested by funds: $13M → $12.8M (-$246K)

8% less funds holding

Funds holding: 26 → 24 (-2)

43% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 7

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
24
Holders Change
-2
Holders Change %
-7.69%
% of All Funds
0.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
4
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RC
RBF Capital
California
+$93.9K
2
Bank of New York Mellon
Bank of New York Mellon
New York
+$65.7K
3
Morgan Stanley
Morgan Stanley
New York
+$61.7K
4
BFA
BlackRock Fund Advisors
California
+$26.4K
5
Renaissance Technologies
Renaissance Technologies
New York
+$5.2K

Top Sellers

1
PCM
Perritt Capital Management
Illinois
-$388K
2
KCM
Kennedy Capital Management
Missouri
-$142K
3
Northern Trust
Northern Trust
Illinois
-$17.9K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$14.2K
5
LSV Asset Management
LSV Asset Management
Illinois
-$7.8K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$3.54M -$14.2K -2,184 -0.4%
Renaissance Technologies
2
Renaissance Technologies
New York
$2.82M +$5.2K +800 +0.2%
SRC
3
Shufro Rose & Co
New York
$1.19M -$4.55K -700 -0.4%
LSV Asset Management
4
LSV Asset Management
Illinois
$981K -$7.8K -1,200 -0.8%
OC
5
Oppenheimer & Close
New York
$826K – – –
Vanguard Group
6
Vanguard Group
Pennsylvania
$735K +$4.96K +763 +0.7%
BCM
7
Bridgeway Capital Management
Texas
$500K – – –
California Public Employees Retirement System
8
California Public Employees Retirement System
California
$389K – – –
Morgan Stanley
9
Morgan Stanley
New York
$296K +$61.7K +9,500 +25%
GWI
10
Grace & White Inc
New York
$291K – – –
BGIM
11
Brandywine Global Investment Management
Pennsylvania
$217K -$2.02K -310 -0.9%
BFA
12
BlackRock Fund Advisors
California
$212K +$26.4K +4,070 +14%
PL
13
Parthenon LLC
Kentucky
$138K – – –
Geode Capital Management
14
Geode Capital Management
Massachusetts
$135K – – –
Northern Trust
15
Northern Trust
Illinois
$101K -$17.9K -2,747 -15%
Wells Fargo
16
Wells Fargo
California
$100K -$6 -1 -0%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$96K – – –
RC
18
RBF Capital
California
$90K +$93.9K +14,449 New
Bank of New York Mellon
19
Bank of New York Mellon
New York
$63K +$65.7K +10,103 New
BA
20
BlackRock Advisors
Delaware
$17K – – –
Bank of America
21
Bank of America
North Carolina
$15K – – –
NFA
22
Nationwide Fund Advisors
Ohio
$11K – – –
BIM
23
BlackRock Investment Management
Delaware
$7K -$669 -103 -8%
PCM
24
Perritt Capital Management
Illinois
– -$388K -62,500 Closed
KCM
25
Kennedy Capital Management
Missouri
– -$142K -22,887 Closed
1
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FRD Hedge Fund Activity: Q2 2015 in Review

24 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q2 2015, worth a combined $12.8M — down 1.9% from $13M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of FRD and 2 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 4 added.

The largest buyer was RBF Capital, opening a new position worth an estimated $93.9K. The largest seller was Perritt Capital Management, exiting entirely with an estimated $388K sold.

  • 24 institutional investors held Friedman Industries (FRD) as of Q2 2015, down from 26 in Q1 2015.
  • Funds reported $12.8M of Friedman Industries stock for Q2 2015, down 1.9% quarter-over-quarter.
  • 2 funds opened new Friedman Industries positions in Q2 2015 and 4 closed out, a net change of -2 holders.
  • The largest Friedman Industries buyer in Q2 2015 was RBF Capital, an estimated $93.9K added.
  • The largest Friedman Industries seller in Q2 2015 was Perritt Capital Management, an estimated $388K sold.

Based on aggregated 13F filings for Q2 2015.