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Friedman Industries
FRD

23 hedge funds and large institutions have $24.9M invested in Friedman Industries in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 5

82% more capital invested

Capital invested by funds: $13.7M → $24.9M (+$11.2M)

3.32% more ownership

Funds ownership: 26.26% → 29.58% (+3.3%)

4% less funds holding

Funds holding: 24 → 23 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
23
Holders Change
-1
Holders Change %
-4.17%
% of All Funds
0.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
10
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GJL
Gendell Jeffrey L
+$2.07M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$262K
3
Renaissance Technologies
Renaissance Technologies
New York
+$224K
4
Corient Private Wealth
Corient Private Wealth
Florida
+$160K
5
Citadel Advisors
Citadel Advisors
Florida
+$144K

Top Sellers

1
SRC
Shufro Rose & Co
New York
-$158K
2
CA
Callahan Advisors
Texas
-$114K
3
Morgan Stanley
Morgan Stanley
New York
-$26.1K
4
NA
NewEdge Advisors
Louisiana
-$23.5K
5
TRCT
Tower Research Capital (TRC)
New York
-$5.38K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$6.11M +$7.62K +677 +0.1%
Renaissance Technologies
2
Renaissance Technologies
New York
$4.51M +$224K +19,920 +5%
GJL
3
Gendell Jeffrey L
$3.55M +$2.07M +183,834 +142%
Vanguard Group
4
Vanguard Group
Pennsylvania
$3.4M +$45.2K +4,012 +1%
BCM
5
Bridgeway Capital Management
Texas
$1.68M +$53.6K +4,765 +3%
Acadian Asset Management
6
Acadian Asset Management
Massachusetts
$1.29M +$262K +23,268 +26%
Morgan Stanley
7
Morgan Stanley
New York
$879K -$26.1K -2,321 -3%
CA
8
Callahan Advisors
Texas
$693K -$114K -10,124 -14%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$680K +$22.7K +2,017 +3%
SRC
10
Shufro Rose & Co
New York
$306K -$158K -14,000 -34%
Citadel Advisors
11
Citadel Advisors
Florida
$264K +$144K +12,765 +121%
State Street
12
State Street
Massachusetts
$264K – – –
BlackRock
13
BlackRock
New York
$195K -$2.17K -193 -1%
Man Group
14
Man Group
United Kingdom
$173K – – –
RC
15
RBF Capital
California
$164K – – –
Corient Private Wealth
16
Corient Private Wealth
Florida
$162K +$160K +14,257 New
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$139K – – –
Northern Trust
18
Northern Trust
Illinois
$137K +$6.83K +607 +5%
HIM
19
Hillsdale Investment Management
Ontario, Canada
$116K +$115K +10,200 New
Wells Fargo
20
Wells Fargo
California
$90.7K – – –
FCMT
21
Founders Capital Management (Texas)
Texas
$57K – – –
JIR
22
James Investment Research
Ohio
$27K – – –
UBS Group
23
UBS Group
Switzerland
$15K +$10.2K +903 +217%
TRCT
24
Tower Research Capital (TRC)
New York
$14K -$5.38K -478 -29%
NA
25
NewEdge Advisors
Louisiana
– -$23.5K -2,400 Closed
1
2

FRD Hedge Fund Activity: Q1 2023 in Review

23 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q1 2023, worth a combined $24.9M — up 82% from $13.7M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of FRD and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 10 added.

The largest buyer was Gendell Jeffrey L, adding an estimated $2.07M. The largest seller was Shufro Rose & Co, cutting an estimated $158K.

  • 23 institutional investors held Friedman Industries (FRD) as of Q1 2023, down from 24 in Q4 2022.
  • Funds reported $24.9M of Friedman Industries stock for Q1 2023, up 82% quarter-over-quarter.
  • 2 funds opened new Friedman Industries positions in Q1 2023 and 3 closed out, a net change of -1 holder.
  • The largest Friedman Industries buyer in Q1 2023 was Gendell Jeffrey L, an estimated $2.07M added.
  • The largest Friedman Industries seller in Q1 2023 was Shufro Rose & Co, an estimated $158K sold.

Based on aggregated 13F filings for Q1 2023.