Friedman Industries
FRD
21 hedge funds and large institutions have $18M invested in Friedman Industries in 2021 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 3 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
16% more capital invested
Capital invested by funds: $15.5M → $18M (+$2.49M)
0.07% more ownership
Funds ownership: 32.2% → 32.27% (+0.07%)
9% less funds holding
Funds holding: 23 → 21 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWA
HHM Wealth Advisors
Chattanooga,
Tennessee
|
+$198K |
| 2 |
Renaissance Technologies
New York
|
+$114K |
| 3 |
CA
Callahan Advisors
Houston,
Texas
|
+$21.5K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$18.8K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$5.27K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
-$278K |
| 2 |
Morgan Stanley
New York
|
-$99.2K |
| 3 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
-$99K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$72.9K |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
-$52.8K |
FRD Hedge Fund Activity: Q1 2021 in Review
21 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q1 2021, worth a combined $18M — up 16% from $15.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FRD and 1 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was HHM Wealth Advisors, adding an estimated $198K. The largest seller was LSV Asset Management, cutting an estimated $278K.
- 21 institutional investors held Friedman Industries (FRD) as of Q1 2021, down from 23 in Q4 2020.
- Funds reported $18M of Friedman Industries stock for Q1 2021, up 16% quarter-over-quarter.
- 1 fund opened new Friedman Industries positions in Q1 2021 and 3 closed out, a net change of -2 holders.
- The largest Friedman Industries buyer in Q1 2021 was HHM Wealth Advisors, an estimated $198K added.
- The largest Friedman Industries seller in Q1 2021 was LSV Asset Management, an estimated $278K sold.
Based on aggregated 13F filings for Q1 2021.