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Friedman Industries
FRD

25 hedge funds and large institutions have $12.1M invested in Friedman Industries in 2020 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $10.9M → $12.1M (+$1.2M)

1.1% less ownership

Funds ownership: 35.43% → 34.33% (-1.1%)

14% less funds holding

Funds holding: 29 → 25 (-4)

33% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 6

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

Holders
25
Holders Change
-4
Holders Change %
-13.79%
% of All Funds
0.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
4
Reduced
6
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Renaissance Technologies
Renaissance Technologies
New York
+$43.3K
2
BlackRock
BlackRock
New York
+$13.4K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$152
4
Barclays
Barclays
United Kingdom
+$46
5
JP Morgan Chase
JP Morgan Chase
New York
+$23

Top Sellers

1
MERSOM
Municipal Employees' Retirement System of Michigan
Michigan
-$177K
2
LSV Asset Management
LSV Asset Management
Illinois
-$96.6K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$65.6K
4
AA
Advisory Alpha
Michigan
-$16.6K
5
HPC
HM Payson & Co
Maine
-$12K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$2.87M -$65.6K -14,241 -2%
Renaissance Technologies
2
Renaissance Technologies
New York
$2.52M +$43.3K +9,399 +2%
BCM
3
Bridgeway Capital Management
Texas
$1.12M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.08M – – –
BGIM
5
Brandywine Global Investment Management
Pennsylvania
$604K – – –
SRC
6
Shufro Rose & Co
New York
$569K -$5.76K -1,250 -1%
Morgan Stanley
7
Morgan Stanley
New York
$540K – – –
Acadian Asset Management
8
Acadian Asset Management
Massachusetts
$429K – – –
EIM
9
Essex Investment Management
Massachusetts
$372K – – –
HWA
10
HHM Wealth Advisors
Tennessee
$372K – – –
CA
11
Callahan Advisors
Texas
$331K -$1.59K -345 -0.5%
California Public Employees Retirement System
12
California Public Employees Retirement System
California
$313K – – –
LSV Asset Management
13
LSV Asset Management
Illinois
$298K -$96.6K -20,964 -26%
BlackRock
14
BlackRock
New York
$225K +$13.4K +2,907 +7%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$143K – – –
MAM
16
Marquette Asset Management
Minnesota
$94K – – –
Northern Trust
17
Northern Trust
Illinois
$85K – – –
RC
18
RBF Capital
California
$73K – – –
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$42K +$152 +33 +0.4%
Wells Fargo
20
Wells Fargo
California
$35K +$5 +1 +0%
Osaic Holdings
21
Osaic Holdings
Arizona
$3K -$69 -15 -3%
TC
22
Truvestments Capital
Florida
$2K – – –
Bank of America
23
Bank of America
North Carolina
$1K -$3.77K -818 -82%
MERSOM
24
Municipal Employees' Retirement System of Michigan
Michigan
– -$177K -40,070 Closed
AA
25
Advisory Alpha
Michigan
– -$16.6K -3,986 Closed
1
2

FRD Hedge Fund Activity: Q2 2020 in Review

25 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q2 2020, worth a combined $12.1M — up 11% from $10.9M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of FRD and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 4 added.

The largest buyer was Renaissance Technologies, adding an estimated $43.3K. The largest seller was Municipal Employees' Retirement System of Michigan, exiting entirely with an estimated $177K sold.

  • 25 institutional investors held Friedman Industries (FRD) as of Q2 2020, down from 29 in Q1 2020.
  • Funds reported $12.1M of Friedman Industries stock for Q2 2020, up 11% quarter-over-quarter.
  • 2 funds opened new Friedman Industries positions in Q2 2020 and 5 closed out, a net change of -3 holders.
  • The largest Friedman Industries buyer in Q2 2020 was Renaissance Technologies, an estimated $43.3K added.
  • The largest Friedman Industries seller in Q2 2020 was Municipal Employees' Retirement System of Michigan, an estimated $177K sold.

Based on aggregated 13F filings for Q2 2020.