FreightCar America
RAIL
110 hedge funds and large institutions have $188M invested in FreightCar America in 2015 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 39 increasing their positions, 35 reducing their positions, and 11 closing their positions.
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
11% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 35
7% more funds holding
Funds holding: 103 → 110 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less call options, than puts
Call options by funds: $1.63M | Put options by funds: $1.97M
21% less capital invested
Capital invested by funds: $239M → $188M (-$51.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HC
Hourglass Capital
Houston,
Texas
|
+$2.4M |
| 2 |
Morgan Stanley
New York
|
+$1.78M |
| 3 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
+$1.61M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$1.4M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$8.85M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$6.72M |
| 3 |
SCM
Schneider Capital Management
Berwyn,
Pennsylvania
|
-$4.8M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$1.99M |
| 5 |
Renaissance Technologies
New York
|
-$1.32M |
RAIL Hedge Fund Activity: Q3 2015 in Review
110 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q3 2015, worth a combined $188M — down 21% from $239M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new RAIL positions and 11 closed out — a net gain of 8 holders — while 39 added to existing stakes and 35 trimmed.
The largest buyer was Hourglass Capital, adding an estimated $2.4M. The largest seller was THB Asset Management, exiting entirely with an estimated $8.85M sold.
- 110 institutional investors held FreightCar America (RAIL) as of Q3 2015, up from 103 in Q2 2015.
- Funds reported $188M of FreightCar America stock for Q3 2015, down 21% quarter-over-quarter.
- 19 funds opened new FreightCar America positions in Q3 2015 and 11 closed out, a net change of +8 holders.
- The largest FreightCar America buyer in Q3 2015 was Hourglass Capital, an estimated $2.4M added.
- The largest FreightCar America seller in Q3 2015 was THB Asset Management, an estimated $8.85M sold.
Based on aggregated 13F filings for Q3 2015.