Friedman Industries
FRD
29 hedge funds and large institutions have $10.9M invested in Friedman Industries in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
7% more funds holding
Funds holding: 27 → 29 (+2)
2.33% less ownership
Funds ownership: 37.74% → 35.41% (-2.3%)
31% less capital invested
Capital invested by funds: $15.9M → $10.9M (-$4.98M)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
+$101K |
| 2 |
AA
Advisory Alpha
Holland,
Michigan
|
+$21.6K |
| 3 |
HPC
HM Payson & Co
Portland,
Maine
|
+$15.1K |
| 4 |
CA
Callahan Advisors
Houston,
Texas
|
+$10.4K |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$6.55K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$663K |
| 2 |
VNB
Virginia National Bank
Charlottesville,
Virginia
|
-$176K |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$82.4K |
| 4 |
Renaissance Technologies
New York
|
-$75.2K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$60K |
FRD Hedge Fund Activity: Q1 2020 in Review
29 institutional investors reported a position in Friedman Industries (FRD) for Q1 2020, worth a combined $10.9M — down 31% from $15.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FRD positions and 4 closed out — a net gain of 4 holders — while 4 added to existing stakes and 8 trimmed.
The largest buyer was Marquette Asset Management, opening a new position worth an estimated $101K. The largest seller was Franklin Resources, exiting entirely with an estimated $663K sold.
- 29 institutional investors held Friedman Industries (FRD) as of Q1 2020, up from 27 in Q4 2019.
- Funds reported $10.9M of Friedman Industries stock for Q1 2020, down 31% quarter-over-quarter.
- 8 funds opened new Friedman Industries positions in Q1 2020 and 4 closed out, a net change of +4 holders.
- The largest Friedman Industries buyer in Q1 2020 was Marquette Asset Management, an estimated $101K added.
- The largest Friedman Industries seller in Q1 2020 was Franklin Resources, an estimated $663K sold.
Based on aggregated 13F filings for Q1 2020.