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Friedman Industries
FRD

29 hedge funds and large institutions have $15.8M invested in Friedman Industries in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

36% more capital invested

Capital invested by funds: $11.6M → $15.8M (+$4.15M)

17% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 6

7% more funds holding

Funds holding: 27 → 29 (+2)

2.91% more ownership

Funds ownership: 31.92% → 34.83% (+2.9%)

Holders
29
Holders Change
+2
Holders Change %
+7.41%
% of All Funds
0.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
7
Reduced
6
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BGIM
Brandywine Global Investment Management
Pennsylvania
+$278K
2
TDC
Thompson Davis & Co
Virginia
+$171K
3
LCM
Leisure Capital Management
California
+$97.5K
4
OC
Oppenheimer & Close
New York
+$29.6K
5
Renaissance Technologies
Renaissance Technologies
New York
+$25.3K

Top Sellers

1
SRC
Shufro Rose & Co
New York
-$47.3K
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$40.6K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$39.4K
4
LSV Asset Management
LSV Asset Management
Illinois
-$24.8K
5
UBS Group
UBS Group
Switzerland
-$11K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$3.71M -$40.6K -7,211 -1%
Renaissance Technologies
2
Renaissance Technologies
New York
$3.17M +$25.3K +4,500 +1%
SRC
3
Shufro Rose & Co
New York
$1.09M -$47.3K -8,400 -5%
OC
4
Oppenheimer & Close
New York
$1.01M +$29.6K +5,260 +4%
Vanguard Group
5
Vanguard Group
Pennsylvania
$902K – – –
BGIM
6
Brandywine Global Investment Management
Pennsylvania
$828K +$278K +49,376 +66%
Franklin Resources
7
Franklin Resources
California
$799K – – –
2L
8
22NW LP
Washington
$714K +$604K +107,271 New
LSV Asset Management
9
LSV Asset Management
Illinois
$531K -$24.8K -4,400 -5%
BCM
10
Bridgeway Capital Management
Texas
$524K – – –
California Public Employees Retirement System
11
California Public Employees Retirement System
California
$415K – – –
GWI
12
Grace & White Inc
New York
$287K – – –
Morgan Stanley
13
Morgan Stanley
New York
$249K +$19.7K +3,500 +10%
CA
14
Callahan Advisors
Texas
$216K +$11.8K +2,100 +7%
BFA
15
BlackRock Fund Advisors
California
$207K +$4.67K +830 +3%
TDC
16
Thompson Davis & Co
Virginia
$203K +$171K +30,450 New
PL
17
Parthenon LLC
Kentucky
$157K – – –
Geode Capital Management
18
Geode Capital Management
Massachusetts
$144K – – –
Wells Fargo
19
Wells Fargo
California
$144K +$24.8K +4,399 +26%
LCM
20
Leisure Capital Management
California
$115K +$97.5K +17,324 New
Northern Trust
21
Northern Trust
Illinois
$105K -$2.67K -475 -3%
RC
22
RBF Capital
California
$96K – – –
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$56K -$39.4K -7,000 -45%
Bank of America
24
Bank of America
North Carolina
$23K -$478 -85 -2%
BA
25
BlackRock Advisors
Delaware
$19K – – –
1
2

FRD Hedge Fund Activity: Q4 2016 in Review

29 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q4 2016, worth a combined $15.8M — up 36% from $11.6M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new FRD positions and 2 closed out — a net gain of 2 holders — while 7 added to existing stakes and 6 trimmed.

The largest buyer was Brandywine Global Investment Management, adding an estimated $278K. The largest seller was Shufro Rose & Co, cutting an estimated $47.3K.

  • 29 institutional investors held Friedman Industries (FRD) as of Q4 2016, up from 27 in Q3 2016.
  • Funds reported $15.8M of Friedman Industries stock for Q4 2016, up 36% quarter-over-quarter.
  • 4 funds opened new Friedman Industries positions in Q4 2016 and 2 closed out, a net change of +2 holders.
  • The largest Friedman Industries buyer in Q4 2016 was Brandywine Global Investment Management, an estimated $278K added.
  • The largest Friedman Industries seller in Q4 2016 was Shufro Rose & Co, an estimated $47.3K sold.

Based on aggregated 13F filings for Q4 2016.