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Friedman Industries
FRD

31 hedge funds and large institutions have $31.8M invested in Friedman Industries in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 5 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 5

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

12% more capital invested

Capital invested by funds: $28.4M → $31.8M (+$3.44M)

7% more funds holding

Funds holding: 29 → 31 (+2)

1.34% more ownership

Funds ownership: 30.53% → 31.87% (+1.3%)

Holders
31
Holders Change
+2
Holders Change %
+6.9%
% of All Funds
0.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
14
Reduced
5
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
EI
EAM Investors
California
+$1.26M
2
GJL
Gendell Jeffrey L
+$453K
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$368K
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$338K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$219K

Top Sellers

1
Man Group
Man Group
United Kingdom
-$330K
2
SRC
Shufro Rose & Co
New York
-$221K
3
Citadel Advisors
Citadel Advisors
Florida
-$195K
4
HIM
Hillsdale Investment Management
Ontario, Canada
-$145K
5
Renaissance Technologies
Renaissance Technologies
New York
-$132K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$7.39M +$219K +15,083 +3%
Renaissance Technologies
2
Renaissance Technologies
New York
$5.04M -$132K -9,058 -2%
GJL
3
Gendell Jeffrey L
$4.74M +$453K +31,142 +10%
Vanguard Group
4
Vanguard Group
Pennsylvania
$4.05M +$24.7K +1,700 +0.6%
BCM
5
Bridgeway Capital Management
Texas
$2.03M +$29.9K +2,054 +1%
Acadian Asset Management
6
Acadian Asset Management
Massachusetts
$1.83M +$338K +23,250 +20%
EI
7
EAM Investors
California
$1.16M +$1.26M +86,911 New
Morgan Stanley
8
Morgan Stanley
New York
$1.01M -$90.7K -6,236 -8%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$825K +$29.5K +2,029 +3%
CA
10
Callahan Advisors
Texas
$706K -$94.9K -6,528 -11%
BlackRock
11
BlackRock
New York
$386K +$142K +9,790 +51%
EF
12
Empowered Funds
Pennsylvania
$349K +$29.9K +2,054 +9%
State Street
13
State Street
Massachusetts
$346K +$37.9K +2,607 +11%
Janney Montgomery Scott
14
Janney Montgomery Scott
Pennsylvania
$339K +$368K +25,290 New
Man Group
15
Man Group
United Kingdom
$310K -$330K -22,670 Closed
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$255K +$29.4K +2,024 +12%
Corient Private Wealth
17
Corient Private Wealth
Florida
$245K +$58.2K +4,000 +28%
RC
18
RBF Capital
California
$194K – – –
Northern Trust
19
Northern Trust
Illinois
$155K -$6.89K -474 -4%
TBA
20
Tower Bridge Advisors
Pennsylvania
$152K – – –
Wells Fargo
21
Wells Fargo
California
$107K +$15 +1 +0%
FCMT
22
Founders Capital Management (Texas)
Texas
$67K – – –
SOW
23
State of Wyoming
Wyoming
$33.4K +$36.3K +2,496 New
DA
24
Denali Advisors
California
$26.8K +$29.1K +2,000 New
TRCT
25
Tower Research Capital (TRC)
New York
$21K +$7.74K +532 +52%
1
2

FRD Hedge Fund Activity: Q3 2023 in Review

31 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q3 2023, worth a combined $31.8M — up 12% from $28.4M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FRD positions and 5 closed out — a net gain of 3 holders — while 14 added to existing stakes and 5 trimmed.

The largest buyer was EAM Investors, opening a new position worth an estimated $1.26M. The largest seller was Man Group, exiting entirely with an estimated $330K sold.

  • 31 institutional investors held Friedman Industries (FRD) as of Q3 2023, up from 29 in Q2 2023.
  • Funds reported $31.8M of Friedman Industries stock for Q3 2023, up 12% quarter-over-quarter.
  • 8 funds opened new Friedman Industries positions in Q3 2023 and 5 closed out, a net change of +3 holders.
  • The largest Friedman Industries buyer in Q3 2023 was EAM Investors, an estimated $1.26M added.
  • The largest Friedman Industries seller in Q3 2023 was Man Group, an estimated $330K sold.

Based on aggregated 13F filings for Q3 2023.