Friedman Industries, Incorporated
US ˙ NasdaqGS ˙ US3584351056

SecurityFRD / Friedman Industries, Incorporated
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership159,500 shares
Latest Disclosed Value $ 2,827,150
Geode Capital Management, Llc reports 0.43% increase in ownership of FRD / Friedman Industries, Incorporated

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 159,500 shares of Friedman Industries, Incorporated (US:FRD) valued at $2,826,340 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 158,818 shares of Friedman Industries, Incorporated. This represents a change in shares of 0.43% during the quarter. The current value of the position is $3,891,800 USD.

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 159,500 682 0.43 2,827 -13.15 0.0001
2026-02-09 2025-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 158,818 1,180 0.75 3,255 -5.71 0.0001
2025-11-12 2025-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 157,638 392 0.25 3,452 32.57 0.0002
2025-08-08 2025-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 157,246 82,504 110.39 2,605 133.96 0.0002
2025-05-13 2025-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 74,742 3,680 5.18 1,114 2.39 0.0001
2025-02-12 2024-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 71,062 335 0.47 1,087 -4.06 0.0001
2024-11-12 2024-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 70,727 7,141 11.23 1,133 18.02 0.0001
2024-08-09 2024-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 63,586 -537 -0.84 960 -20.07 0.0001
2024-05-13 2024-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 64,123 -882 -1.36 1,202 19.50 0.0001
2024-02-13 2023-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 65,005 3,442 5.59 1,005 21.82 0.0001
2023-11-13 2023-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 61,563 2,029 3.41 825 10.00 0.0001
2023-08-11 2023-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 59,534 -418 -0.70 750 10.46 0.0001
2023-05-15 2023-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 59,952 2,017 3.48 680 0.0001
2023-02-13 2022-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 57,935 556 0.97 1 -100.00 0.0001
2022-11-14 2022-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 57,379 1,521 2.72 407 -10.35 0.0001
2022-08-12 2022-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 55,858 357 0.64 454 -6.97 0.0001
2022-05-13 2022-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 55,501 0 0.00 488 -6.15 0.0001
2022-02-11 2021-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 55,501 -1,057 -1.87 520 -22.73 0.0001
2021-11-12 2021-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 56,558 -487 -0.85 673 -11.91 0.0001
2021-08-13 2021-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 57,045 29,076 103.96 764 238.05 0.0001
2021-05-12 2021-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 27,969 0 0.00 226 18.32 0.0000
2021-02-12 2020-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 27,969 0 0.00 191 17.90 0.0000
2020-11-13 2020-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 27,969 -491 -1.73 162 13.29 0.0000
2020-08-13 2020-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 28,460 0 0.00 143 14.40 0.0000
2020-05-14 2020-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 28,460 0 0.00 125 -26.90 0.0000
2020-02-20 2019-12-31 13F/A-1 FRIEDMAN INDUSTRIES COM 358435105 28,460 0 0.00 171 -7.07 0.0000
2020-02-13 2019-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 28,460 0 171 21.7925
2019-11-12 2019-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 28,460 0 0.00 184 -7.07 0.0000
2019-08-14 2019-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 28,460 0 0.00 198 -9.17 0.0000
2019-05-14 2019-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 28,460 0 0.00 218 9.00 0.0001
2019-03-06 2018-12-31 13F/A-1 FRIEDMAN INDUSTRIES COM 358435105 28,460 0 0.00 200 -25.37 0.0001
2019-02-13 2018-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 28,460 0 200
2018-11-13 2018-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 28,460 6,759 31.15 268 53.14 0.0001
2018-08-14 2018-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 175 37.80 0.0001
2018-05-15 2018-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 127 3.25 0.0000
2018-02-13 2017-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 123 -7.52 0.0000
2017-11-14 2017-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 133 8.13 0.0000
2017-08-14 2017-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 123 -12.14 0.0000
2017-06-21 2017-03-31 13F/A-1 FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 140 -2.78 0.0001
2017-05-12 2017-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 140
2017-02-14 2016-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 144 25.22 0.0001
2016-11-10 2016-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 115 -8.73 0.0001
2016-08-12 2016-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 126 7.69 0.0001
2016-05-13 2016-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 117 -1.68 0.0001
2016-02-12 2015-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 119 -8.46 0.0001
2015-11-13 2015-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 130 -3.70 0.0001
2015-08-14 2015-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 135 0.75 0.0001
2015-05-14 2015-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 134 -11.84 0.0001
2015-02-12 2014-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 0 0.00 152 -11.63 0.0001
2014-11-14 2014-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 21,701 3,912 21.99 172 14.67 0.0001
2014-08-13 2014-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 17,789 0 0.00 150 0.67 0.0001
2014-05-14 2014-03-31 13F FRIEDMAN INDUSTRIES COM 358435105 17,789 0 0.00 149 -1.32 0.0001
2014-02-14 2013-12-31 13F FRIEDMAN INDUSTRIES COM 358435105 17,789 0 0.00 151 -15.17 0.0001
2013-11-14 2013-09-30 13F FRIEDMAN INDUSTRIES COM 358435105 17,789 0 0.00 178 1.71 0.0001
2013-08-14 2013-06-30 13F FRIEDMAN INDUSTRIES COM 358435105 17,789 17,789 175 0.0002
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.