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 3 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 3 closing their positions.
82% more capital invested
Capital invested by funds: $13.7M → $24.9M (+$11.3M)
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
10.63% more ownership
Funds ownership: 18.95% → 29.58% (+11%)
0% more funds holding
Funds holding: 23 → 23 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$2.07M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$262K |
| 3 |
Renaissance Technologies
New York
|
+$224K |
| 4 |
Corient Private Wealth
Miami,
Florida
|
+$160K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$144K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRC
Shufro Rose & Co
New York
|
-$158K |
| 2 |
CA
Callahan Advisors
Houston,
Texas
|
-$114K |
| 3 |
Morgan Stanley
New York
|
-$26.1K |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$23.5K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$5.38K |
FRD Hedge Fund Activity: Q1 2023 in Review
23 of the 6,283 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.
Fund positioning in FRD was balanced in Q1 2023: 3 funds opened new positions, 3 closed out, 9 added to existing stakes and 5 trimmed.
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, unchanged from Q4 2022.
- Funds reported $24.9M of Friedman Industries stock for Q1 2023, up 82% quarter-over-quarter.
- 3 funds opened new Friedman Industries positions in Q1 2023 and 3 closed out, a net change of 0 holders.
- 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.