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Friedman Industries
FRD

23 hedge funds and large institutions have $13.9M invested in Friedman Industries in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $12.1M → $13.9M (+$1.76M)

0.51% less ownership

Funds ownership: 34.33% → 33.82% (-0.51%)

8% less funds holding

Funds holding: 25 → 23 (-2)

63% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 8

67% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 3

Holders
23
Holders Change
-2
Holders Change %
-8%
% of All Funds
0.46%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
3
Reduced
8
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
+$108K
2
Wells Fargo
Wells Fargo
California
+$33K
3
TRCT
Tower Research Capital (TRC)
New York
+$2.06K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$49

Top Sellers

Rank Fund Capital Flow
1
BGIM
Brandywine Global Investment Management
Pennsylvania
-$93.5K
2
BlackRock
BlackRock
New York
-$53.5K
3
Northern Trust
Northern Trust
Illinois
-$11.5K
4
Morgan Stanley
Morgan Stanley
New York
-$11K
5
SRC
Shufro Rose & Co
New York
-$6.59K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$3.3M – – –
Renaissance Technologies
2
Renaissance Technologies
New York
$3.01M +$108K +19,620 +4%
BCM
3
Bridgeway Capital Management
Texas
$1.29M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.24M – – –
SRC
5
Shufro Rose & Co
New York
$647K -$6.59K -1,200 -1%
Morgan Stanley
6
Morgan Stanley
New York
$608K -$11K -2,000 -2%
BGIM
7
Brandywine Global Investment Management
Pennsylvania
$595K -$93.5K -17,016 -14%
Acadian Asset Management
8
Acadian Asset Management
Massachusetts
$493K – – –
HWA
9
HHM Wealth Advisors
Tennessee
$428K – – –
EIM
10
Essex Investment Management
Massachusetts
$426K -$1.11K -202 -0.3%
CA
11
Callahan Advisors
Texas
$374K -$5.37K -978 -1%
California Public Employees Retirement System
12
California Public Employees Retirement System
California
$359K – – –
LSV Asset Management
13
LSV Asset Management
Illinois
$343K – – –
BlackRock
14
BlackRock
New York
$203K -$53.5K -9,733 -22%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$162K -$2.7K -491 -2%
MAM
16
Marquette Asset Management
Minnesota
$108K – – –
Northern Trust
17
Northern Trust
Illinois
$86K -$11.5K -2,087 -12%
RC
18
RBF Capital
California
$84K – – –
Wells Fargo
19
Wells Fargo
California
$75K +$33K +6,000 +87%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$49K +$49 +9 +0.1%
TC
21
Truvestments Capital
Florida
$3K – – –
TRCT
22
Tower Research Capital (TRC)
New York
$2K +$2.06K +375 New
Osaic Holdings
23
Osaic Holdings
Arizona
– -$3K -535 Closed
Bank of America
24
Bank of America
North Carolina
– -$1K -182 Closed

FRD Hedge Fund Activity: Q3 2020 in Review

23 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2020, worth a combined $13.9M — up 14% from $12.1M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of FRD and 1 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 3 added.

The largest buyer was Renaissance Technologies, adding an estimated $108K. The largest seller was Brandywine Global Investment Management, cutting an estimated $93.5K.

  • 23 institutional investors held Friedman Industries (FRD) as of Q3 2020, down from 25 in Q2 2020.
  • Funds reported $13.9M of Friedman Industries stock for Q3 2020, up 14% quarter-over-quarter.
  • 1 fund opened new Friedman Industries positions in Q3 2020 and 3 closed out, a net change of -2 holders.
  • The largest Friedman Industries buyer in Q3 2020 was Renaissance Technologies, an estimated $108K added.
  • The largest Friedman Industries seller in Q3 2020 was Brandywine Global Investment Management, an estimated $93.5K sold.

Based on aggregated 13F filings for Q3 2020.