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Friedman Industries
FRD

32 hedge funds and large institutions have $17.3M invested in Friedman Industries in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

3% more funds holding

Funds holding: 31 → 32 (+1)

0% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 6

0.69% less ownership

Funds ownership: 38.68% → 38% (-0.69%)

9% less capital invested

Capital invested by funds: $18.9M → $17.3M (-$1.61M)

Holders
32
Holders Change
+1
Holders Change %
+3.23%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
6
Reduced
6
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CA
Callahan Advisors
Texas
+$35K
2
BlackRock
BlackRock
New York
+$21.9K
3
SRC
Shufro Rose & Co
New York
+$16.4K
4
Renaissance Technologies
Renaissance Technologies
New York
+$8.7K
5
Victory Capital Management
Victory Capital Management
Texas
+$7.79K

Top Sellers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$133K
2
AIM
Alambic Investment Management
California
-$129K
3
VNB
Virginia National Bank
Virginia
-$70.7K
4
OSAM
O'Shaughnessy Asset Management
Connecticut
-$51.2K
5
PAM
Panagora Asset Management
Massachusetts
-$29K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$3.82M -$8.73K -1,405 -0.2%
Renaissance Technologies
2
Renaissance Technologies
New York
$3.21M +$8.7K +1,400 +0.3%
BCM
3
Bridgeway Capital Management
Texas
$1.46M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.39M – – –
SRC
5
Shufro Rose & Co
New York
$828K +$16.4K +2,632 +2%
Franklin Resources
6
Franklin Resources
California
$779K – – –
BGIM
7
Brandywine Global Investment Management
Pennsylvania
$776K – – –
Morgan Stanley
8
Morgan Stanley
New York
$743K -$7.46K -1,200 -1%
LSV Asset Management
9
LSV Asset Management
Illinois
$658K – – –
Acadian Asset Management
10
Acadian Asset Management
Massachusetts
$551K -$133K -21,367 -20%
HWA
11
HHM Wealth Advisors
Tennessee
$479K – – –
EIM
12
Essex Investment Management
Massachusetts
$473K – – –
California Public Employees Retirement System
13
California Public Employees Retirement System
California
$404K – – –
CA
14
Callahan Advisors
Texas
$388K +$35K +5,638 +10%
BlackRock
15
BlackRock
New York
$273K +$21.9K +3,519 +9%
MERSOM
16
Municipal Employees' Retirement System of Michigan
Michigan
$260K – – –
VNB
17
Virginia National Bank
Virginia
$190K -$70.7K -11,385 -28%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$184K – – –
Northern Trust
19
Northern Trust
Illinois
$111K -$2.48K -400 -2%
RC
20
RBF Capital
California
$94K – – –
OSAM
21
O'Shaughnessy Asset Management
Connecticut
$63K -$51.2K -8,236 -46%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$56K +$590 +95 +1%
Wells Fargo
23
Wells Fargo
California
$45K – – –
FCMT
24
Founders Capital Management (Texas)
Texas
$13K +$6.21K +1,000 +100%
Victory Capital Management
25
Victory Capital Management
Texas
$8K +$7.79K +1,254 New
1
2

FRD Hedge Fund Activity: Q3 2019 in Review

32 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2019, worth a combined $17.3M — down 8.5% from $18.9M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FRD positions and 4 closed out — a net gain of 1 holder — while 6 added to existing stakes and 6 trimmed.

The largest buyer was Callahan Advisors, adding an estimated $35K. The largest seller was Acadian Asset Management, cutting an estimated $133K.

  • 32 institutional investors held Friedman Industries (FRD) as of Q3 2019, up from 31 in Q2 2019.
  • Funds reported $17.3M of Friedman Industries stock for Q3 2019, down 8.5% quarter-over-quarter.
  • 5 funds opened new Friedman Industries positions in Q3 2019 and 4 closed out, a net change of +1 holder.
  • The largest Friedman Industries buyer in Q3 2019 was Callahan Advisors, an estimated $35K added.
  • The largest Friedman Industries seller in Q3 2019 was Acadian Asset Management, an estimated $133K sold.

Based on aggregated 13F filings for Q3 2019.