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Friedman Industries
FRD

27 hedge funds and large institutions have $14.2M invested in Friedman Industries in 2017 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 7

1.92% more ownership

Funds ownership: 33.64% → 35.56% (+1.9%)

2% less capital invested

Capital invested by funds: $14.5M → $14.2M (-$347K)

7% less funds holding

Funds holding: 29 → 27 (-2)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
27
Holders Change
-2
Holders Change %
-6.9%
% of All Funds
0.61%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
8
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
VNA
VNBTrust National Association
Virginia
+$465K
2
Morgan Stanley
Morgan Stanley
New York
+$337K
3
Renaissance Technologies
Renaissance Technologies
New York
+$251K
4
EIM
Essex Investment Management
Massachusetts
+$205K
5
Deutsche Bank
Deutsche Bank
Germany
+$195K

Top Sellers

1
2L
22NW LP
Washington
-$660K
2
BlackRock
BlackRock
New York
-$66.6K
3
Wells Fargo
Wells Fargo
California
-$54.3K
4
OAM
Oxford Asset Management
United Kingdom
-$33.5K
5
CA
Callahan Advisors
Texas
-$11.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$3.21M +$46.8K +8,100 +1%
Renaissance Technologies
2
Renaissance Technologies
New York
$3.21M +$251K +43,534 +8%
Vanguard Group
3
Vanguard Group
Pennsylvania
$961K +$15.6K +2,708 +2%
SRC
4
Shufro Rose & Co
New York
$870K -$11K -1,900 -1%
Morgan Stanley
5
Morgan Stanley
New York
$805K +$337K +58,371 +70%
Franklin Resources
6
Franklin Resources
California
$738K – – –
BGIM
7
Brandywine Global Investment Management
Pennsylvania
$706K – – –
VNA
8
VNBTrust National Association
Virginia
$586K +$465K +80,576 +356%
BCM
9
Bridgeway Capital Management
Texas
$447K – – –
LSV Asset Management
10
LSV Asset Management
Illinois
$419K – – –
California Public Employees Retirement System
11
California Public Employees Retirement System
California
$354K – – –
Deutsche Bank
12
Deutsche Bank
Germany
$285K +$195K +33,746 +204%
GWI
13
Grace & White Inc
New York
$207K – – –
EIM
14
Essex Investment Management
Massachusetts
$202K +$205K +35,579 New
CA
15
Callahan Advisors
Texas
$188K -$11.9K -2,066 -6%
LCM
16
Leisure Capital Management
California
$138K +$3.05K +529 +2%
PL
17
Parthenon LLC
Kentucky
$134K – – –
Geode Capital Management
18
Geode Capital Management
Massachusetts
$123K – – –
BlackRock
19
BlackRock
New York
$117K -$66.6K -11,538 -36%
OAM
20
Oxford Asset Management
United Kingdom
$85K -$33.5K -5,811 -28%
Northern Trust
21
Northern Trust
Illinois
$83K -$4.63K -802 -5%
BFM
22
Boothbay Fund Management
New York
$83K +$83.9K +14,532 New
RC
23
RBF Capital
California
$82K – – –
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$48K – – –
Wells Fargo
25
Wells Fargo
California
$45K -$54.3K -9,401 -54%
1
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FRD Hedge Fund Activity: Q4 2017 in Review

27 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q4 2017, worth a combined $14.2M — down 2.4% from $14.5M 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 8 added.

The largest buyer was VNBTrust National Association, adding an estimated $465K. The largest seller was 22NW LP, exiting entirely with an estimated $660K sold.

  • 27 institutional investors held Friedman Industries (FRD) as of Q4 2017, down from 29 in Q3 2017.
  • Funds reported $14.2M of Friedman Industries stock for Q4 2017, down 2.4% quarter-over-quarter.
  • 2 funds opened new Friedman Industries positions in Q4 2017 and 4 closed out, a net change of -2 holders.
  • The largest Friedman Industries buyer in Q4 2017 was VNBTrust National Association, an estimated $465K added.
  • The largest Friedman Industries seller in Q4 2017 was 22NW LP, an estimated $660K sold.

Based on aggregated 13F filings for Q4 2017.