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Friedman Industries
FRD

30 hedge funds and large institutions have $37M invested in Friedman Industries in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 8

16% more capital invested

Capital invested by funds: $31.8M → $37M (+$5.2M)

0.58% more ownership

Funds ownership: 31.87% → 32.45% (+0.58%)

3% less funds holding

Funds holding: 31 → 30 (-1)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
30
Holders Change
-1
Holders Change %
-3.23%
% of All Funds
0.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
11
Reduced
8
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$972K
2
GJL
Gendell Jeffrey L
+$260K
3
Northern Trust
Northern Trust
Illinois
+$135K
4
Vanguard Group
Vanguard Group
Pennsylvania
+$127K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$54.3K

Top Sellers

1
EI
EAM Investors
California
-$1.16M
2
SOW
State of Wyoming
Wyoming
-$33.4K
3
DA
Denali Advisors
California
-$26.8K
4
Renaissance Technologies
Renaissance Technologies
New York
-$21.6K
5
HWM
HighMark Wealth Management
Minnesota
-$20.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$8.55M +$17.8K +1,432 +0.3%
Renaissance Technologies
2
Renaissance Technologies
New York
$5.79M -$21.6K -1,742 -0.5%
GJL
3
Gendell Jeffrey L
$5.79M +$260K +20,940 +6%
Vanguard Group
4
Vanguard Group
Pennsylvania
$4.83M +$127K +10,206 +3%
Morgan Stanley
5
Morgan Stanley
New York
$2.38M +$972K +78,352 +104%
BCM
6
Bridgeway Capital Management
Texas
$2.38M +$30.9K +2,496 +2%
Acadian Asset Management
7
Acadian Asset Management
Massachusetts
$2.12M – – –
Geode Capital Management
8
Geode Capital Management
Massachusetts
$1.01M +$42.7K +3,442 +6%
CA
9
Callahan Advisors
Texas
$814K – – –
Janney Montgomery Scott
10
Janney Montgomery Scott
Pennsylvania
$459K +$54.3K +4,377 +17%
BlackRock
11
BlackRock
New York
$444K -$1.5K -121 -0.4%
EF
12
Empowered Funds
Pennsylvania
$441K +$30.9K +2,496 +10%
State Street
13
State Street
Massachusetts
$397K -$2.48K -200 -0.8%
Northern Trust
14
Northern Trust
Illinois
$347K +$135K +10,909 +94%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$294K -$12 -1 -0%
Corient Private Wealth
16
Corient Private Wealth
Florida
$282K – – –
RC
17
RBF Capital
California
$223K – – –
TBA
18
Tower Bridge Advisors
Pennsylvania
$175K – – –
Wells Fargo
19
Wells Fargo
California
$124K +$12 +1 +0%
FCMT
20
Founders Capital Management (Texas)
Texas
$77.3K – – –
A
21
AJOVista
Massachusetts
$49K +$39.3K +3,172 New
Osaic Holdings
22
Osaic Holdings
Arizona
$23.2K +$18.6K +1,500 New
UBS Group
23
UBS Group
Switzerland
$16.8K -$682 -55 -5%
TRCT
24
Tower Research Capital (TRC)
New York
$4.92K -$15.4K -1,246 -80%
NA
25
NewEdge Advisors
Louisiana
$4.59K -$2.05K -165 -36%
1
2

FRD Hedge Fund Activity: Q4 2023 in Review

30 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q4 2023, worth a combined $37M — up 16% from $31.8M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of FRD and 3 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 11 added.

The largest buyer was Morgan Stanley, adding an estimated $972K. The largest seller was EAM Investors, exiting entirely with an estimated $1.16M sold.

  • 30 institutional investors held Friedman Industries (FRD) as of Q4 2023, down from 31 in Q3 2023.
  • Funds reported $37M of Friedman Industries stock for Q4 2023, up 16% quarter-over-quarter.
  • 3 funds opened new Friedman Industries positions in Q4 2023 and 4 closed out, a net change of -1 holder.
  • The largest Friedman Industries buyer in Q4 2023 was Morgan Stanley, an estimated $972K added.
  • The largest Friedman Industries seller in Q4 2023 was EAM Investors, an estimated $1.16M sold.

Based on aggregated 13F filings for Q4 2023.