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FreightCar America
RAIL

94 hedge funds and large institutions have $273M invested in FreightCar America in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 27 increasing their positions, 43 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

363% more call options, than puts

Call options by funds: $579K | Put options by funds: $125K

9% more capital invested

Capital invested by funds: $251M → $273M (+$22.6M)

7% less funds holding

Funds holding: 101 → 94 (-7)

37% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 43

50% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 14

Holders
94
Holders Change
-7
Holders Change %
-6.93%
% of All Funds
2.7%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
7
Increased
27
Reduced
43
Closed
14
Calls
$579K
Puts
$125K
Net Calls
+$454K
Net Calls Change
+$489K

Top Buyers

Rank Fund Capital Flow
1
HA
Heartland Advisors
Wisconsin
+$10.2M
2
MDCM
Morgan Dempsey Capital Management
Wisconsin
+$3.75M
3
TAM
THB Asset Management
Connecticut
+$3.09M
4
SCP
Seizert Capital Partners
Michigan
+$2.33M
5
Boston Partners
Boston Partners
Massachusetts
+$1.64M

Top Sellers

Rank Fund Capital Flow
1
AAM
ACK Asset Management
Connecticut
-$4.3M
2
WC
Walthausen & Co
New York
-$3.98M
3
Renaissance Technologies
Renaissance Technologies
New York
-$2.23M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$2.17M
5
Millennium Management
Millennium Management
New York
-$1.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$2.06M +$156K +6,189 +8%
IIM
27
Ironwood Investment Management
Massachusetts
$1.93M -$253K -10,021 -12%
FP
28
Foundry Partners
Minnesota
$1.8M -$14.8K -588 -0.8%
KCM
29
Keane Capital Management
North Carolina
$1.63M – – –
NSIM
30
North Star Investment Management
Illinois
$1.6M – – –
BCM
31
Bridgeway Capital Management
Texas
$1.47M – – –
TCIM
32
TIAA CREF Investment Management
New York
$1.41M +$16.4K +651 +1%
California Public Employees Retirement System
33
California Public Employees Retirement System
California
$1.29M -$47.9K -1,900 -4%
WCM
34
Wedge Capital Management
North Carolina
$1.28M -$129K -5,100 -9%
First Trust Advisors
35
First Trust Advisors
Illinois
$1.28M +$788K +31,250 +158%
PPA
36
Parametric Portfolio Associates
Washington
$1.16M -$12.7K -505 -1%
Invesco
37
Invesco
Georgia
$1.05M +$746K +29,608 +237%
Citadel Advisors
38
Citadel Advisors
Florida
$1.02M +$21.5K +852 +2%
BIM
39
BlackRock Investment Management
Delaware
$995K -$32.1K -1,274 -3%
RFC
40
Russell Frank Company
Washington
$909K +$469K +18,600 +79%
AA
41
Ancora Advisors
Ohio
$799K – – –
PH
42
Pinnacle Holdings
Oklahoma
$793K -$1.89K -75 -0.2%
VanEck Associates
43
VanEck Associates
New York
$738K +$49.9K +1,979 +7%
Renaissance Technologies
44
Renaissance Technologies
New York
$716K -$2.23M -88,303 -76%
EAM
45
EverPoint Asset Management
Connecticut
$626K +$630K +25,000 New
DP
46
Dearborn Partners
Illinois
$562K -$504 -20 -0.1%
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$552K +$7.56K +300 +1%
US Bancorp
48
US Bancorp
Minnesota
$517K +$273K +10,829 +110%
Charles Schwab
49
Charles Schwab
California
$464K – – –
ARTA
50
A.R.T. Advisors
New York
$462K +$189K +7,494 +68%
1
2
3 4 5

RAIL Hedge Fund Activity: Q2 2014 in Review

94 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q2 2014, worth a combined $273M — up 9% from $251M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of RAIL and 7 opened new positions — a net loss of 7 holders — while 43 trimmed existing stakes and 27 added.

The largest buyer was Heartland Advisors, adding an estimated $10.2M. The largest seller was ACK Asset Management, exiting entirely with an estimated $4.3M sold.

  • 94 institutional investors held FreightCar America (RAIL) as of Q2 2014, down from 101 in Q1 2014.
  • Funds reported $273M of FreightCar America stock for Q2 2014, up 9% quarter-over-quarter.
  • 7 funds opened new FreightCar America positions in Q2 2014 and 14 closed out, a net change of -7 holders.
  • The largest FreightCar America buyer in Q2 2014 was Heartland Advisors, an estimated $10.2M added.
  • The largest FreightCar America seller in Q2 2014 was ACK Asset Management, an estimated $4.3M sold.

Based on aggregated 13F filings for Q2 2014.