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Friedman Industries
FRD

29 hedge funds and large institutions have $13.2M invested in Friedman Industries in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 4

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

4% more funds holding

Funds holding: 28 → 29 (+1)

1.51% less ownership

Funds ownership: 34.74% → 33.23% (-1.5%)

16% less capital invested

Capital invested by funds: $15.7M → $13.2M (-$2.49M)

Holders
29
Holders Change
+1
Holders Change %
+3.57%
% of All Funds
0.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
7
Reduced
4
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Renaissance Technologies
Renaissance Technologies
New York
+$133K
2
Vanguard Group
Vanguard Group
Pennsylvania
+$129K
3
Franklin Resources
Franklin Resources
California
+$58.2K
4
JP Morgan Chase
JP Morgan Chase
New York
+$51.8K
5
LCM
Leisure Capital Management
California
+$42.3K

Top Sellers

1
OC
Oppenheimer & Close
New York
-$979K
2
VKH
Virtu KCG Holdings
New York
-$111K
3
SRC
Shufro Rose & Co
New York
-$58.7K
4
BlackRock
BlackRock
New York
-$21.5K
5
OAM
Oxford Asset Management
United Kingdom
-$1.74K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$3.27M +$21.5K +3,703 +0.6%
Renaissance Technologies
2
Renaissance Technologies
New York
$2.88M +$133K +22,900 +5%
Vanguard Group
3
Vanguard Group
Pennsylvania
$944K +$129K +22,209 +15%
SRC
4
Shufro Rose & Co
New York
$867K -$58.7K -10,100 -6%
Franklin Resources
5
Franklin Resources
California
$738K +$58.2K +10,000 +8%
BGIM
6
Brandywine Global Investment Management
Pennsylvania
$706K – – –
2L
7
22NW LP
Washington
$609K – – –
Morgan Stanley
8
Morgan Stanley
New York
$468K +$1.75K +300 +0.4%
BCM
9
Bridgeway Capital Management
Texas
$447K – – –
LSV Asset Management
10
LSV Asset Management
Illinois
$436K – – –
California Public Employees Retirement System
11
California Public Employees Retirement System
California
$354K – – –
GWI
12
Grace & White Inc
New York
$207K – – –
CA
13
Callahan Advisors
Texas
$195K – – –
BlackRock
14
BlackRock
New York
$181K -$21.5K -3,703 -10%
LCM
15
Leisure Capital Management
California
$137K +$42.3K +7,276 +43%
PL
16
Parthenon LLC
Kentucky
$134K – – –
Geode Capital Management
17
Geode Capital Management
Massachusetts
$123K – – –
OAM
18
Oxford Asset Management
United Kingdom
$118K -$1.74K -299 -1%
Wells Fargo
19
Wells Fargo
California
$98K – – –
Northern Trust
20
Northern Trust
Illinois
$88K – – –
RC
21
RBF Capital
California
$82K – – –
JP Morgan Chase
22
JP Morgan Chase
New York
$51K +$51.8K +8,900 New
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$48K -$35 -6 -0.1%
Bank of America
24
Bank of America
North Carolina
$28K +$8.56K +1,472 +43%
NFA
25
Nationwide Fund Advisors
Ohio
$10K – – –
1
2

FRD Hedge Fund Activity: Q2 2017 in Review

29 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q2 2017, worth a combined $13.2M — down 16% from $15.7M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new FRD positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 4 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $133K. The largest seller was Oppenheimer & Close, exiting entirely with an estimated $979K sold.

  • 29 institutional investors held Friedman Industries (FRD) as of Q2 2017, up from 28 in Q1 2017.
  • Funds reported $13.2M of Friedman Industries stock for Q2 2017, down 16% quarter-over-quarter.
  • 3 funds opened new Friedman Industries positions in Q2 2017 and 2 closed out, a net change of +1 holder.
  • The largest Friedman Industries buyer in Q2 2017 was Renaissance Technologies, an estimated $133K added.
  • The largest Friedman Industries seller in Q2 2017 was Oppenheimer & Close, an estimated $979K sold.

Based on aggregated 13F filings for Q2 2017.