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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.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

17% more funds holding

Funds holding: 23 → 27 (+4)

1.31% more ownership

Funds ownership: 32.09% → 33.4% (+1.3%)

8% less capital invested

Capital invested by funds: $29.7M → $27.4M (-$2.27M)

45% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 11

Holders
27
Holders Change
+4
Holders Change %
+17.39%
% of All Funds
0.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
6
Reduced
11
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Millennium Management
Millennium Management
New York
+$440K
2
Marshall Wace
Marshall Wace
United Kingdom
+$357K
3
BCM
Bridgeway Capital Management
Texas
+$240K
4
Two Sigma Investments
Two Sigma Investments
New York
+$232K
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$223K

Top Sellers

1
Renaissance Technologies
Renaissance Technologies
New York
-$400K
2
EI
EAM Investors
California
-$204K
3
California Public Employees Retirement System
California Public Employees Retirement System
California
-$184K
4
HWA
HHM Wealth Advisors
Tennessee
-$36K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$17.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$6.55M -$17.1K -1,357 -0.2%
Renaissance Technologies
2
Renaissance Technologies
New York
$6.13M -$400K -31,700 -6%
Vanguard Group
3
Vanguard Group
Pennsylvania
$3.43M +$87.2K +6,900 +2%
BCM
4
Bridgeway Capital Management
Texas
$2.76M +$240K +18,969 +9%
Acadian Asset Management
5
Acadian Asset Management
Massachusetts
$1.25M +$223K +17,633 +20%
EI
6
EAM Investors
California
$1.09M -$204K -16,165 -15%
HWA
7
HHM Wealth Advisors
Tennessee
$1.05M -$36K -2,849 -3%
Morgan Stanley
8
Morgan Stanley
New York
$1M +$82.2K +6,510 +8%
CA
9
Callahan Advisors
Texas
$708K +$25.3K +2,000 +3%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$673K -$6.15K -487 -0.9%
SRC
11
Shufro Rose & Co
New York
$573K – – –
Millennium Management
12
Millennium Management
New York
$414K +$440K +34,797 New
Marshall Wace
13
Marshall Wace
United Kingdom
$336K +$357K +28,247 New
BlackRock
14
BlackRock
New York
$299K +$199K +15,792 +171%
State Street
15
State Street
Massachusetts
$259K – – –
Two Sigma Investments
16
Two Sigma Investments
New York
$219K +$232K +18,369 New
RC
17
RBF Capital
California
$172K – – –
Wells Fargo
18
Wells Fargo
California
$154K -$38 -3 -0%
Northern Trust
19
Northern Trust
Illinois
$149K -$7.87K -623 -5%
LSV Asset Management
20
LSV Asset Management
Illinois
$105K – – –
HIM
21
Hillsdale Investment Management
Ontario, Canada
$55K +$58.1K +4,600 New
FCMT
22
Founders Capital Management (Texas)
Texas
$42K -$6.32K -500 -13%
UBS Group
23
UBS Group
Switzerland
$18K +$18.9K +1,494 New
TC
24
Truvestments Capital
Florida
$6K – – –
TRCT
25
Tower Research Capital (TRC)
New York
$1K -$8.35K -661 -87%
1
2

FRD Hedge Fund Activity: Q3 2021 in Review

27 of the 5,712 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.