Friedman Industries
FRD
27 hedge funds and large institutions have $27.4M invested in Friedman Industries in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
125% more capital inflows, than outflows
Capital inflows: $1.96M | Capital outflows: $872K
17% more funds holding
Funds holding: 23 → 27 (+4)
1.31% more ownership
Funds ownership: 32.09% → 33.4% (+1.3%)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$440K |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$357K |
| 3 |
Bridgeway Capital Management
Houston,
Texas
|
+$240K |
| 4 |
Two Sigma Investments
New York
|
+$232K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$223K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$400K |
| 2 |
EAM Investors
Solana Beach,
California
|
-$204K |
| 3 |
California Public Employees Retirement System
Sacramento,
California
|
-$184K |
| 4 |
HHM Wealth Advisors
Chattanooga,
Tennessee
|
-$36K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$17.1K |
FRD Hedge Fund Activity: Q3 2021 in Review
27 of the 5,731 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2021, worth a combined $27.4M — down 7.6% from $29.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FRD positions and 1 closed out — a net gain of 4 holders — while 6 added to existing stakes and 11 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $440K. The largest seller was Renaissance Technologies, cutting an estimated $400K.
- 27 institutional investors held Friedman Industries (FRD) as of Q3 2021, up from 23 in Q2 2021.
- Funds reported $27.4M of Friedman Industries stock for Q3 2021, down 7.6% quarter-over-quarter.
- 5 funds opened new Friedman Industries positions in Q3 2021 and 1 closed out, a net change of +4 holders.
- The largest Friedman Industries buyer in Q3 2021 was Millennium Management, an estimated $440K added.
- The largest Friedman Industries seller in Q3 2021 was Renaissance Technologies, an estimated $400K sold.
Based on aggregated 13F filings for Q3 2021.