Friedman Industries, Incorporated
US ˙ NasdaqGS ˙ US3584351056

SecurityFRD / Friedman Industries, Incorporated
InstitutionGendell Jeffrey L
Latest Disclosed Ownership354,576 shares
Ownership 4.90%
Gendell Jeffrey L ownership in FRD / Friedman Industries, Incorporated

2026-02-06 - Gendell Jeffrey L has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 354,576 shares of Friedman Industries, Incorporated (US:FRD). This represents 4.9 percent ownership of the company. In their previous filing dated 2025-08-14 , Gendell Jeffrey L had reported owning 354,576 shares, indicating a decrease of 0.00 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2026-02-06 2026-02-06 13G/A 354,576 354,576 0.00 4.90 -2.00
2025-08-14 2025-08-14 13G/A 453,129 354,576 -21.75 5.00 -23.08
2024-11-13 2024-11-13 13G/A 374,327 453,129 21.05 6.50 21.04
2024-02-13 2024-02-13 13G/A 360,378 374,327 3.87 5.37 3.87
2023-12-26 2023-12-26 13G 360,378 5.17

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 354,576 0 0.00 6,283 -13.52 0.0474
2026-02-13 2025-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 354,576 0 0.00 7,265 -6.42 0.1262
2025-11-14 2025-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 354,576 0 0.00 7,763 32.23 0.1428
2025-08-14 2025-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 354,576 -76,796 -17.80 5,872 -8.59 0.1559
2025-05-15 2025-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 431,372 -25,452 -5.57 6,423 -8.03 0.2773
2025-02-14 2024-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 456,824 3,695 0.82 6,985 -3.79 0.2187
2024-11-14 2024-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 453,129 7,463 1.67 7,259 7.88 0.2276
2024-08-14 2024-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 445,666 10,000 2.30 6,730 -17.58 0.2355
2024-05-15 2024-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 435,666 61,339 16.39 8,164 41.07 0.3154
2024-02-14 2023-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 374,327 20,940 5.93 5,787 22.22 0.3146
2023-11-13 2023-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 353,387 31,142 9.66 4,735 16.63 0.2693
2023-08-11 2023-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 322,245 9,247 2.95 4,060 14.40 0.3148
2023-05-12 2023-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 312,998 183,834 142.33 3,549 180.78 0.3323
2023-02-13 2022-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 129,164 83,154 180.73 1,265 286.54 0.1120
2022-11-10 2022-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 46,010 12,809 38.58 327 21.11 0.0428
2022-08-12 2022-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 33,201 14,581 78.31 270 64.63 0.0312
2022-05-13 2022-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 18,620 18,620 164 0.0060
2022-05-13 2022-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 18,620 164
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.