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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$108K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$33K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.06K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$49 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$93.5K |
| 2 |
BlackRock
New York
|
-$53.5K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$11.5K |
| 4 |
Morgan Stanley
New York
|
-$11K |
| 5 |
SRC
Shufro Rose & Co
New York
|
-$6.59K |
FRD Hedge Fund Activity: Q3 2020 in Review
23 of the 4,970 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.