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Friedman Industries
FRD

23 hedge funds and large institutions have $29.7M invested in Friedman Industries in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 13 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

65% more capital invested

Capital invested by funds: $18M → $29.7M (+$11.7M)

10% more funds holding

Funds holding: 21 → 23 (+2)

0.18% less ownership

Funds ownership: 32.27% → 32.09% (-0.18%)

77% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 13

Holders
23
Holders Change
+2
Holders Change %
+9.52%
% of All Funds
0.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
3
Reduced
13
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
EI
EAM Investors
California
+$1.2M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$736K
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$323K
4
State Street
State Street
Massachusetts
+$241K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$90.7K

Top Sellers

1
SRC
Shufro Rose & Co
New York
-$653K
2
California Public Employees Retirement System
California Public Employees Retirement System
California
-$459K
3
BGIM
Brandywine Global Investment Management
Pennsylvania
-$378K
4
BlackRock
BlackRock
New York
-$234K
5
MAM
Marquette Asset Management
Minnesota
-$151K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$7.39M +$90.7K +8,177 +2%
Renaissance Technologies
2
Renaissance Technologies
New York
$7.32M -$136K -12,300 -2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$3.76M +$736K +66,363 +31%
BCM
4
Bridgeway Capital Management
Texas
$2.85M -$111K -10,000 -4%
EI
5
EAM Investors
California
$1.44M +$1.2M +107,712 New
HWA
6
HHM Wealth Advisors
Tennessee
$1.22M -$90.1K -8,125 -8%
Acadian Asset Management
7
Acadian Asset Management
Massachusetts
$1.17M – – –
Morgan Stanley
8
Morgan Stanley
New York
$1.04M -$96.8K -8,724 -10%
CA
9
Callahan Advisors
Texas
$770K -$92.5K -8,340 -13%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$764K +$323K +29,076 +104%
SRC
11
Shufro Rose & Co
New York
$644K -$653K -58,900 -55%
State Street
12
State Street
Massachusetts
$292K +$241K +21,754 New
RC
13
RBF Capital
California
$194K – – –
California Public Employees Retirement System
14
California Public Employees Retirement System
California
$184K -$459K -41,366 -75%
Northern Trust
15
Northern Trust
Illinois
$175K -$40.3K -3,633 -22%
Wells Fargo
16
Wells Fargo
California
$173K -$11 -1 -0%
BlackRock
17
BlackRock
New York
$124K -$234K -21,131 -70%
LSV Asset Management
18
LSV Asset Management
Illinois
$119K -$84.3K -7,600 -46%
FCMT
19
Founders Capital Management (Texas)
Texas
$54K – – –
TRCT
20
Tower Research Capital (TRC)
New York
$10K +$8.44K +761 New
TC
21
Truvestments Capital
Florida
$7K -$5.55K -500 -50%
Bank of America
22
Bank of America
North Carolina
$1K -$22 -2 -3%
Fidelity Investments
23
Fidelity Investments
Massachusetts
$1K +$821 +74 New
BGIM
24
Brandywine Global Investment Management
Pennsylvania
– -$378K -46,753 Closed
MAM
25
Marquette Asset Management
Minnesota
– -$151K -18,635 Closed

FRD Hedge Fund Activity: Q2 2021 in Review

23 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q2 2021, worth a combined $29.7M — up 65% from $18M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new FRD positions and 2 closed out — a net gain of 2 holders — while 3 added to existing stakes and 13 trimmed.

The largest buyer was EAM Investors, opening a new position worth an estimated $1.2M. The largest seller was Shufro Rose & Co, cutting an estimated $653K.

  • 23 institutional investors held Friedman Industries (FRD) as of Q2 2021, up from 21 in Q1 2021.
  • Funds reported $29.7M of Friedman Industries stock for Q2 2021, up 65% quarter-over-quarter.
  • 4 funds opened new Friedman Industries positions in Q2 2021 and 2 closed out, a net change of +2 holders.
  • The largest Friedman Industries buyer in Q2 2021 was EAM Investors, an estimated $1.2M added.
  • The largest Friedman Industries seller in Q2 2021 was Shufro Rose & Co, an estimated $653K sold.

Based on aggregated 13F filings for Q2 2021.