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Friedman Industries
FRD

27 hedge funds and large institutions have $11.6M invested in Friedman Industries in 2016 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 8

0.08% more ownership

Funds ownership: 31.83% → 31.92% (+0.08%)

7% less funds holding

Funds holding: 29 → 27 (-2)

8% less capital invested

Capital invested by funds: $12.6M → $11.6M (-$993K)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 2

Holders
27
Holders Change
-2
Holders Change %
-6.9%
% of All Funds
0.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
9
Reduced
8
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$92K
2
BGIM
Brandywine Global Investment Management
Pennsylvania
+$65.5K
3
CA
Callahan Advisors
Texas
+$37.9K
4
OC
Oppenheimer & Close
New York
+$29.7K
5
Renaissance Technologies
Renaissance Technologies
New York
+$19.2K

Top Sellers

1
LSV Asset Management
LSV Asset Management
Illinois
-$90.6K
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$59K
3
Morgan Stanley
Morgan Stanley
New York
-$27.5K
4
Creative Planning
Creative Planning
Kansas
-$17K
5
BCM
Bridgeway Capital Management
Texas
-$7.34K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$3.01M -$773 -137 -0%
Renaissance Technologies
2
Renaissance Technologies
New York
$2.55M +$19.2K +3,400 +0.7%
SRC
3
Shufro Rose & Co
New York
$932K -$6.02K -1,066 -0.6%
OC
4
Oppenheimer & Close
New York
$790K +$29.7K +5,260 +4%
Vanguard Group
5
Vanguard Group
Pennsylvania
$720K +$92K +16,300 +14%
Franklin Resources
6
Franklin Resources
California
$638K – – –
LSV Asset Management
7
LSV Asset Management
Illinois
$447K -$90.6K -16,046 -16%
BCM
8
Bridgeway Capital Management
Texas
$419K -$7.34K -1,300 -2%
BGIM
9
Brandywine Global Investment Management
Pennsylvania
$404K +$65.5K +11,600 +18%
California Public Employees Retirement System
10
California Public Employees Retirement System
California
$331K – – –
GWI
11
Grace & White Inc
New York
$233K -$5.08K -900 -2%
Morgan Stanley
12
Morgan Stanley
New York
$182K -$27.5K -4,880 -13%
BFA
13
BlackRock Fund Advisors
California
$163K -$502 -89 -0.3%
CA
14
Callahan Advisors
Texas
$163K +$37.9K +6,717 +28%
PL
15
Parthenon LLC
Kentucky
$127K – – –
Geode Capital Management
16
Geode Capital Management
Massachusetts
$115K – – –
Wells Fargo
17
Wells Fargo
California
$93K +$6 +1 +0%
Northern Trust
18
Northern Trust
Illinois
$87K +$294 +52 +0.3%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$83K – – –
RC
20
RBF Capital
California
$78K – – –
Bank of America
21
Bank of America
North Carolina
$19K +$485 +86 +3%
BA
22
BlackRock Advisors
Delaware
$15K – – –
UBS Group
23
UBS Group
Switzerland
$11K +$3.19K +566 +39%
NFA
24
Nationwide Fund Advisors
Ohio
$9K – – –
BIM
25
BlackRock Investment Management
Delaware
$6K – – –
1
2

FRD Hedge Fund Activity: Q3 2016 in Review

27 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2016, worth a combined $11.6M — down 7.9% from $12.6M a quarter earlier.

Sellers outnumbered buyers: 2 funds closed out of FRD and 0 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 9 added.

The largest buyer was Vanguard Group, adding an estimated $92K. The largest seller was LSV Asset Management, cutting an estimated $90.6K.

  • 27 institutional investors held Friedman Industries (FRD) as of Q3 2016, down from 29 in Q2 2016.
  • Funds reported $11.6M of Friedman Industries stock for Q3 2016, down 7.9% quarter-over-quarter.
  • 0 funds opened new Friedman Industries positions in Q3 2016 and 2 closed out, a net change of -2 holders.
  • The largest Friedman Industries buyer in Q3 2016 was Vanguard Group, an estimated $92K added.
  • The largest Friedman Industries seller in Q3 2016 was LSV Asset Management, an estimated $90.6K sold.

Based on aggregated 13F filings for Q3 2016.