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Friedman Industries
FRD

29 hedge funds and large institutions have $28.4M invested in Friedman Industries in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 1

26% more funds holding

Funds holding: 23 → 29 (+6)

14% more capital invested

Capital invested by funds: $24.9M → $28.4M (+$3.47M)

0.96% more ownership

Funds ownership: 29.58% → 30.53% (+0.96%)

11% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 9

Holders
29
Holders Change
+6
Holders Change %
+26.09%
% of All Funds
0.46%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
8
Reduced
9
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
EF
Empowered Funds
Pennsylvania
+$254K
2
Man Group
Man Group
United Kingdom
+$240K
3
TBA
Tower Bridge Advisors
Pennsylvania
+$120K
4
GJL
Gendell Jeffrey L
+$98K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$49.6K

Top Sellers

1
Renaissance Technologies
Renaissance Technologies
New York
-$125K
2
SRC
Shufro Rose & Co
New York
-$101K
3
Citadel Advisors
Citadel Advisors
Florida
-$82.7K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$28.5K
5
JIR
James Investment Research
Ohio
-$27K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$6.76M -$28.5K -2,691 -0.5%
Renaissance Technologies
2
Renaissance Technologies
New York
$4.86M -$125K -11,800 -3%
GJL
3
Gendell Jeffrey L
$4.06M +$98K +9,247 +3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$3.79M +$3.18K +300 +0.1%
BCM
5
Bridgeway Capital Management
Texas
$1.88M +$8.54K +806 +0.5%
Acadian Asset Management
6
Acadian Asset Management
Massachusetts
$1.43M – – –
Morgan Stanley
7
Morgan Stanley
New York
$1.03M +$45.5K +4,294 +6%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$750K -$4.43K -418 -0.7%
CA
9
Callahan Advisors
Texas
$746K -$20.1K -1,900 -3%
EST
10
EA Series Trust
Pennsylvania
$302K +$254K +23,971 New
EF
11
Empowered Funds
Pennsylvania
$302K +$254K +23,971 New
State Street
12
State Street
Massachusetts
$293K – – –
Man Group
13
Man Group
United Kingdom
$286K +$240K +22,670 New
BlackRock
14
BlackRock
New York
$240K +$19.9K +1,877 +11%
SRC
15
Shufro Rose & Co
New York
$221K -$101K -9,500 -35%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$214K +$49.6K +4,677 +38%
Citadel Advisors
17
Citadel Advisors
Florida
$195K -$82.7K -7,806 -34%
RC
18
RBF Capital
California
$182K – – –
Corient Private Wealth
19
Corient Private Wealth
Florida
$180K – – –
Northern Trust
20
Northern Trust
Illinois
$152K -$646 -61 -0.5%
HIM
21
Hillsdale Investment Management
Ontario, Canada
$145K +$13.8K +1,300 +13%
TBA
22
Tower Bridge Advisors
Pennsylvania
$143K +$120K +11,310 New
Wells Fargo
23
Wells Fargo
California
$101K +$32 +3 +0%
FCMT
24
Founders Capital Management (Texas)
Texas
$63K – – –
Fidelity Investments
25
Fidelity Investments
Massachusetts
$29K +$24.4K +2,302 New
1
2

FRD Hedge Fund Activity: Q2 2023 in Review

29 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q2 2023, worth a combined $28.4M — up 14% from $24.9M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FRD positions and 1 closed out — a net gain of 6 holders — while 8 added to existing stakes and 9 trimmed.

The largest buyer was Empowered Funds, opening a new position worth an estimated $254K. The largest seller was Renaissance Technologies, cutting an estimated $125K.

  • 29 institutional investors held Friedman Industries (FRD) as of Q2 2023, up from 23 in Q1 2023.
  • Funds reported $28.4M of Friedman Industries stock for Q2 2023, up 14% quarter-over-quarter.
  • 7 funds opened new Friedman Industries positions in Q2 2023 and 1 closed out, a net change of +6 holders.
  • The largest Friedman Industries buyer in Q2 2023 was Empowered Funds, an estimated $254K added.
  • The largest Friedman Industries seller in Q2 2023 was Renaissance Technologies, an estimated $125K sold.

Based on aggregated 13F filings for Q2 2023.