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FreightCar America
RAIL

77 hedge funds and large institutions have $90.2M invested in FreightCar America in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 35 increasing their positions, 15 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 15

20% more capital invested

Capital invested by funds: $75.1M → $90.2M (+$15.1M)

14% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 14

2.56% more ownership

Funds ownership: 40.15% → 42.71% (+2.6%)

0% more funds holding

Funds holding: 77 → 77 (0)

75% less call options, than puts

Call options by funds: $848K | Put options by funds: $3.35M

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
77
Holders Change
–
Holders Change %
0%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
35
Reduced
15
Closed
14
Calls
$848K
Puts
$3.35M
Net Calls
-$2.51M
Net Calls Change
-$3.64M

Top Buyers

Rank Fund Capital Flow
1
HIM
Hillsdale Investment Management
Ontario, Canada
+$2.34M
2
Marshall Wace
Marshall Wace
United Kingdom
+$1.97M
3
Walleye Capital
Walleye Capital
New York
+$1.41M
4
EIM
Essex Investment Management
Massachusetts
+$1.29M
5
Citadel Advisors
Citadel Advisors
Florida
+$982K

Top Sellers

Rank Fund Capital Flow
1
CGIC
Continental General Insurance Company
Texas
-$9.58M
2
Renaissance Technologies
Renaissance Technologies
New York
-$942K
3
JP Morgan Chase
JP Morgan Chase
New York
-$850K
4
Morgan Stanley
Morgan Stanley
New York
-$808K
5
AA
Ancora Advisors
Ohio
-$422K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAM
26
Panagora Asset Management
Massachusetts
$943K -$92.2K -10,039 -11%
HighTower Advisors
27
HighTower Advisors
Illinois
$881K -$1.15K -125 -0.2%
Point72 Asset Management
28
Point72 Asset Management
Connecticut
$843K +$699K +76,125 New
Bank of New York Mellon
29
Bank of New York Mellon
New York
$800K +$228K +24,849 +52%
D.E. Shaw & Co
30
D.E. Shaw & Co
New York
$790K +$273K +29,710 +71%
PCM
31
Penn Capital Management
Pennsylvania
$734K +$609K +66,310 New
6CM
32
683 Capital Management
New York
$726K +$603K +65,596 New
State Street
33
State Street
Massachusetts
$719K -$322 -35 -0.1%
Two Sigma Investments
34
Two Sigma Investments
New York
$629K +$72K +7,841 +16%
SEI Investments
35
SEI Investments
Pennsylvania
$610K +$506K +55,097 New
XT
36
XTX Topco
Cayman Islands
$503K +$210K +22,839 +101%
BCM
37
Bridgeway Capital Management
Texas
$499K -$349K -38,000 -46%
JF
38
Jump Financial
Illinois
$462K +$198K +21,511 +106%
UBS Group
39
UBS Group
Switzerland
$459K +$6.77K +737 +2%
OSAM
40
O'Shaughnessy Asset Management
Connecticut
$412K +$170K +18,476 +98%
Northern Trust
41
Northern Trust
Illinois
$394K +$62.3K +6,782 +24%
Qube Research & Technologies (QRT)
42
Qube Research & Technologies (QRT)
United Kingdom
$383K +$16.7K +1,817 +6%
OAC
43
OMERS Administration Corp
Ontario, Canada
$351K +$291K +31,700 New
Man Group
44
Man Group
United Kingdom
$340K +$38.5K +4,191 +16%
IFG
45
Independent Financial Group
California
$314K – – –
Canada Pension Plan Investment Board
46
Canada Pension Plan Investment Board
Ontario, Canada
$304K +$253K +27,500 New
CC
47
Centiva Capital
New York
$285K +$109K +11,875 +86%
RWM
48
Ritholtz Wealth Management
New York
$269K +$77.7K +8,454 +53%
LPL Financial
49
LPL Financial
California
$261K -$131K -14,265 -38%
Citigroup
50
Citigroup
New York
$251K +$208K +22,693 New
1
2
3 4

RAIL Hedge Fund Activity: Q4 2025 in Review

77 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q4 2025, worth a combined $90.2M — up 20% from $75.1M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new RAIL positions and 14 closed out — a net gain of 2 holders — while 35 added to existing stakes and 15 trimmed.

The largest buyer was Hillsdale Investment Management, adding an estimated $2.34M. The largest seller was Continental General Insurance Company, exiting entirely with an estimated $9.58M sold.

  • 77 institutional investors held FreightCar America (RAIL) as of Q4 2025, unchanged from Q3 2025.
  • Funds reported $90.2M of FreightCar America stock for Q4 2025, up 20% quarter-over-quarter.
  • 16 funds opened new FreightCar America positions in Q4 2025 and 14 closed out, a net change of +2 holders.
  • The largest FreightCar America buyer in Q4 2025 was Hillsdale Investment Management, an estimated $2.34M added.
  • The largest FreightCar America seller in Q4 2025 was Continental General Insurance Company, an estimated $9.58M sold.

Based on aggregated 13F filings for Q4 2025.