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FreightCar America
RAIL

87 hedge funds and large institutions have $148M invested in FreightCar America in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 31 increasing their positions, 36 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.88% more ownership

Funds ownership: 86.16% → 89.04% (+2.9%)

7% less funds holding

Funds holding: 94 → 87 (-7)

14% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 36

19% less capital invested

Capital invested by funds: $183M → $148M (-$34.2M)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

87% less call options, than puts

Call options by funds: $267K | Put options by funds: $2.12M

Holders
87
Holders Change
-7
Holders Change %
-7.45%
% of All Funds
1.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
31
Reduced
36
Closed
11
Calls
$267K
Puts
$2.12M
Net Calls
-$1.85M
Net Calls Change
-$1.73M

Top Buyers

Rank Fund Capital Flow
1
Russell Investments Group
Russell Investments Group
United Kingdom
+$7.53M
2
Wells Fargo
Wells Fargo
California
+$5.41M
3
RA
Royce & Associates
New York
+$1.41M
4
MSL
Mackay Shields LLC
New York
+$1.27M
5
JP Morgan Chase
JP Morgan Chase
New York
+$866K

Top Sellers

Rank Fund Capital Flow
1
AL
AJO LP
Pennsylvania
-$2.32M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$1.06M
3
OAM
Oberweis Asset Management
Illinois
-$1.05M
4
PI
Putnam Investments
Massachusetts
-$1.02M
5
GPCM
Granite Point Capital Management
Massachusetts
-$854K
Name Holding Trade Value Shares
Change 		Change in
Stake
PI
26
Putnam Investments
Massachusetts
$998K -$1.02M -67,600 -48%
BCM
27
Bridgeway Capital Management
Texas
$966K – – –
Invesco
28
Invesco
Georgia
$923K +$21K +1,386 +2%
Renaissance Technologies
29
Renaissance Technologies
New York
$867K +$117K +7,700 +14%
Deutsche Bank
30
Deutsche Bank
Germany
$862K +$399K +26,393 +69%
Millennium Management
31
Millennium Management
New York
$800K -$747K -49,332 -45%
AQR Capital Management
32
AQR Capital Management
Connecticut
$790K -$524K -34,593 -37%
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
$714K +$30.4K +2,011 +4%
IECM
34
Intrinsic Edge Capital Management
Illinois
$670K +$757K +50,000 New
BGIM
35
Brandywine Global Investment Management
Pennsylvania
$666K +$285K +18,833 +61%
PAM
36
Panagora Asset Management
Massachusetts
$629K +$253K +16,739 +55%
SO
37
STRS Ohio
Ohio
$616K +$99.9K +6,600 +17%
Two Sigma Investments
38
Two Sigma Investments
New York
$579K -$255K -16,872 -28%
SAM
39
Shell Asset Management
Netherlands
$574K – – –
PH
40
Pinnacle Holdings
Oklahoma
$568K +$19.7K +1,300 +3%
TCIM
41
TIAA CREF Investment Management
New York
$418K -$19.7K -1,303 -4%
SRAM
42
Stone Ridge Asset Management
New York
$379K -$148K -9,800 -26%
PPA
43
Parametric Portfolio Associates
Washington
$370K -$313K -20,664 -43%
PP
44
PDT Partners
New York
$363K -$103K -6,823 -20%
TA
45
Teachers Advisors
New York
$359K – – –
MDCM
46
Morgan Dempsey Capital Management
Wisconsin
$336K -$17.2K -1,138 -4%
MCC
47
Malaga Cove Capital
California
$320K – – –
GIP
48
Granite Investment Partners
California
$315K -$631K -41,715 -64%
Ameriprise
49
Ameriprise
Minnesota
$314K -$14.1K -930 -4%
Charles Schwab
50
Charles Schwab
California
$290K – – –
1
2
3 4

RAIL Hedge Fund Activity: Q1 2018 in Review

87 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q1 2018, worth a combined $148M — down 19% from $183M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of RAIL and 7 opened new positions — a net loss of 4 holders — while 36 trimmed existing stakes and 31 added.

The largest buyer was Russell Investments Group, adding an estimated $7.53M. The largest seller was AJO LP, exiting entirely with an estimated $2.32M sold.

  • 87 institutional investors held FreightCar America (RAIL) as of Q1 2018, down from 94 in Q4 2017.
  • Funds reported $148M of FreightCar America stock for Q1 2018, down 19% quarter-over-quarter.
  • 7 funds opened new FreightCar America positions in Q1 2018 and 11 closed out, a net change of -4 holders.
  • The largest FreightCar America buyer in Q1 2018 was Russell Investments Group, an estimated $7.53M added.
  • The largest FreightCar America seller in Q1 2018 was AJO LP, an estimated $2.32M sold.

Based on aggregated 13F filings for Q1 2018.