FreightCar America
RAIL
88 hedge funds and large institutions have $220M invested in FreightCar America in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 32 increasing their positions, 31 reducing their positions, and 14 closing their positions.
23% more capital invested
Capital invested by funds: $179M → $220M (+$41.3M)
3% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 31
0% more funds holding
Funds holding: 88 → 88 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 14
34% less call options, than puts
Call options by funds: $263K | Put options by funds: $397K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KG
Killen Group
Berwyn,
Pennsylvania
|
+$5.98M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$5.1M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$4.34M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$2.22M |
| 5 |
Bank of New York Mellon
New York
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$3.69M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$2.64M |
| 3 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$2.6M |
| 4 |
HC
Hourglass Capital
Houston,
Texas
|
-$2.6M |
| 5 |
SCM
Suffolk Capital Management
New York
|
-$1.85M |
RAIL Hedge Fund Activity: Q3 2013 in Review
88 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q3 2013, worth a combined $220M — up 23% from $179M a quarter earlier.
Fund positioning in RAIL was balanced in Q3 2013: 14 funds opened new positions, 14 closed out, 32 added to existing stakes and 31 trimmed.
The largest buyer was Killen Group, opening a new position worth an estimated $5.98M. The largest seller was JP Morgan Chase, cutting an estimated $3.69M.
- 88 institutional investors held FreightCar America (RAIL) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $220M of FreightCar America stock for Q3 2013, up 23% quarter-over-quarter.
- 14 funds opened new FreightCar America positions in Q3 2013 and 14 closed out, a net change of 0 holders.
- The largest FreightCar America buyer in Q3 2013 was Killen Group, an estimated $5.98M added.
- The largest FreightCar America seller in Q3 2013 was JP Morgan Chase, an estimated $3.69M sold.
Based on aggregated 13F filings for Q3 2013.