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FreightCar America
RAIL

41 hedge funds and large institutions have $12.5M invested in FreightCar America in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

20.6% less ownership

Funds ownership: 68.15% → 47.55% (-21%)

21% less funds holding

Funds holding: 52 → 41 (-11)

70% less capital invested

Capital invested by funds: $41.8M → $12.5M (-$29.3M)

79% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 14

Holders
41
Holders Change
-11
Holders Change %
-21.15%
% of All Funds
0.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
16
Reduced
14
Closed
14
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
+$3K

Top Buyers

Rank Fund Capital Flow
1
FFH
Fairfax Financial Holdings
Ontario, Canada
+$690K
2
Renaissance Technologies
Renaissance Technologies
New York
+$664K
3
PL
Parthenon LLC
Kentucky
+$328K
4
MA
Minerva Advisors
Pennsylvania
+$283K
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$173K

Top Sellers

Rank Fund Capital Flow
1
Russell Investments Group
Russell Investments Group
United Kingdom
-$8.08M
2
RA
Royce & Associates
New York
-$1.53M
3
BGIM
Brandywine Global Investment Management
Pennsylvania
-$1.44M
4
Boston Partners
Boston Partners
Massachusetts
-$1.34M
5
Franklin Resources
Franklin Resources
California
-$838K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$77K +$13K +4,331 +13%
EGM
27
Engineers Gate Manager
New York
$42K +$61.3K +20,438 New
GPFA
28
Game Plan Financial Advisors
Ohio
$36K +$52.5K +17,500 New
T. Rowe Price Associates
29
T. Rowe Price Associates
Maryland
$35K – – –
JP Morgan Chase
30
JP Morgan Chase
New York
$34K -$262K -87,154 -84%
IRC
31
Investors Research Corp
Georgia
$29K – – –
Deutsche Bank
32
Deutsche Bank
Germany
$23K +$33.4K +11,129 +5,565%
Mitsubishi UFJ Asset Management
33
Mitsubishi UFJ Asset Management
Japan
$8K – – –
QI
34
QS Investors
New York
$7K +$4.8K +1,600 +101%
TRCT
35
Tower Research Capital (TRC)
New York
$7K +$8.62K +2,872 +1,233%
UBS Group
36
UBS Group
Switzerland
$5K -$2.71K -904 -26%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$5K +$384 +128 +6%
Morgan Stanley
38
Morgan Stanley
New York
$1K -$18 -6 -2%
BNP Paribas Financial Markets
39
BNP Paribas Financial Markets
France
$60 -$3.94K -1,314 -98%
Russell Investments Group
40
Russell Investments Group
United Kingdom
– -$8.08M -1,666,328 Closed
BGIM
41
Brandywine Global Investment Management
Pennsylvania
– -$1.44M -296,900 Closed
Boston Partners
42
Boston Partners
Massachusetts
– -$1.34M -277,293 Closed
Franklin Resources
43
Franklin Resources
California
– -$838K -172,700 Closed
VCM
44
Venator Capital Management
Ontario, Canada
– -$433K -89,300 Closed
CRC
45
Curi RMB Capital
Illinois
– -$302K -62,200 Closed
PH
46
Pinnacle Holdings
Oklahoma
– -$236K -48,730 Closed
Bank of America
47
Bank of America
North Carolina
– -$174K -35,938 Closed
ARTA
48
A.R.T. Advisors
New York
– -$60K -12,467 Closed
Victory Capital Management
49
Victory Capital Management
Texas
– -$10K -2,110 Closed
Citigroup
50
Citigroup
New York
– -$7K -1,347 Closed
1
2
3

RAIL Hedge Fund Activity: Q4 2019 in Review

41 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q4 2019, worth a combined $12.5M — down 70% from $41.8M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of RAIL and 3 opened new positions — a net loss of 11 holders — while 14 trimmed existing stakes and 16 added.

The largest buyer was Fairfax Financial Holdings, adding an estimated $690K. The largest seller was Russell Investments Group, exiting entirely with an estimated $8.08M sold.

  • 41 institutional investors held FreightCar America (RAIL) as of Q4 2019, down from 52 in Q3 2019.
  • Funds reported $12.5M of FreightCar America stock for Q4 2019, down 70% quarter-over-quarter.
  • 3 funds opened new FreightCar America positions in Q4 2019 and 14 closed out, a net change of -11 holders.
  • The largest FreightCar America buyer in Q4 2019 was Fairfax Financial Holdings, an estimated $690K added.
  • The largest FreightCar America seller in Q4 2019 was Russell Investments Group, an estimated $8.08M sold.

Based on aggregated 13F filings for Q4 2019.