Friedman Industries
FRD
38 hedge funds and large institutions have $54.9M invested in Friedman Industries in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 1 closing their positions.
800% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 1
53% more capital invested
Capital invested by funds: $35.8M → $54.9M (+$19M)
27% more funds holding
Funds holding: 30 → 38 (+8)
10.56% more ownership
Funds ownership: 31.41% → 41.98% (+11%)
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$1.05M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.03M |
| 3 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$390K |
| 4 |
Morgan Stanley
New York
|
+$348K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$337K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$260K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$93.5K |
| 3 |
A
AJOVista
Boston,
Massachusetts
|
-$49K |
| 4 |
CA
Callahan Advisors
Houston,
Texas
|
-$48.6K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$44.1K |
FRD Hedge Fund Activity: Q1 2024 in Review
38 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Friedman Industries (FRD) for Q1 2024, worth a combined $54.9M — up 53% from $35.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FRD positions and 1 closed out — a net gain of 8 holders — while 11 added to existing stakes and 10 trimmed.
The largest buyer was Gendell Jeffrey L, adding an estimated $1.05M. The largest seller was Renaissance Technologies, cutting an estimated $260K.
- 38 institutional investors held Friedman Industries (FRD) as of Q1 2024, up from 30 in Q4 2023.
- Funds reported $54.9M of Friedman Industries stock for Q1 2024, up 53% quarter-over-quarter.
- 9 funds opened new Friedman Industries positions in Q1 2024 and 1 closed out, a net change of +8 holders.
- The largest Friedman Industries buyer in Q1 2024 was Gendell Jeffrey L, an estimated $1.05M added.
- The largest Friedman Industries seller in Q1 2024 was Renaissance Technologies, an estimated $260K sold.
Based on aggregated 13F filings for Q1 2024.