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FreightCar America
RAIL

98 hedge funds and large institutions have $134M invested in FreightCar America in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 33 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 33

2% less capital invested

Capital invested by funds: $137M → $134M (-$3M)

8% less call options, than puts

Call options by funds: $1.4M | Put options by funds: $1.52M

7% less funds holding

Funds holding: 105 → 98 (-7)

38% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 16

Holders
98
Holders Change
-7
Holders Change %
-6.67%
% of All Funds
2.61%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
40
Reduced
33
Closed
16
Calls
$1.4M
Puts
$1.52M
Net Calls
-$127K
Net Calls Change
-$13K

Top Buyers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
+$4.16M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.14M
3
Two Sigma Investments
Two Sigma Investments
New York
+$821K
4
Renaissance Technologies
Renaissance Technologies
New York
+$718K
5
AAA
Adams Asset Advisors
Texas
+$490K

Top Sellers

Rank Fund Capital Flow
1
Prudential Financial
Prudential Financial
New Jersey
-$2.44M
2
CIP
Chartwell Investment Partners
Pennsylvania
-$1.62M
3
ARTA
A.R.T. Advisors
New York
-$1.34M
4
GCP
GSA Capital Partners
United Kingdom
-$1.1M
5
QI
QS Investors
New York
-$875K
Name Holding Trade Value Shares
Change 		Change in
Stake
Connor, Clark & Lunn Investment Management (CC&L)
51
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$313K +$82.7K +5,800 +36%
TA
52
Teachers Advisors
New York
$294K +$31.3K +2,193 +12%
Charles Schwab
53
Charles Schwab
California
$291K – – –
OC
54
Oppenheimer & Co
New York
$288K – – –
Invesco
55
Invesco
Georgia
$283K +$96.2K +6,744 +52%
KBC Group
56
KBC Group
Belgium
$258K – – –
SP
57
Steelhead Partners
Washington
$244K +$242K +16,971 New
US Bancorp
58
US Bancorp
Minnesota
$237K -$9.09K -637 -4%
SKK
59
Shepherd Kaplan Krochuk
Massachusetts
$228K – – –
UBS Group
60
UBS Group
Switzerland
$227K +$76.8K +5,386 +52%
Manulife (Manufacturers Life Insurance)
61
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$225K +$67.8K +4,752 +44%
LCP
62
Lombardia Capital Partners
California
$217K -$335K -23,449 -61%
RhumbLine Advisers
63
RhumbLine Advisers
Massachusetts
$216K +$856 +60 +0.4%
State Board of Administration of Florida Retirement System
64
State Board of Administration of Florida Retirement System
Florida
$208K – – –
IIM
65
Ironwood Investment Management
Massachusetts
$202K -$44.3K -3,107 -18%
AIM
66
Alambic Investment Management
California
$194K -$683K -47,866 -78%
Goldman Sachs
67
Goldman Sachs
New York
$189K +$188K +13,146 New
New York State Common Retirement Fund
68
New York State Common Retirement Fund
New York
$180K -$98.7K -6,922 -36%
FIM
69
Freedom Investment Management
Connecticut
$179K +$2.94K +206 +2%
PNC Financial Services Group
70
PNC Financial Services Group
Pennsylvania
$173K +$8.1K +568 +5%
CS
71
Credit Suisse
Switzerland
$164K +$163K +11,420 New
VKH
72
Virtu KCG Holdings
New York
$159K +$157K +11,037 New
SG Americas Securities
73
SG Americas Securities
New York
$107K +$107K +7,474 New
BA
74
BlackRock Advisors
Delaware
$104K +$24.4K +1,713 +31%
AIG
75
American International Group
New York
$100K +$143 +10 +0.1%
1 2
3
4 5

RAIL Hedge Fund Activity: Q3 2016 in Review

98 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q3 2016, worth a combined $134M — down 2.2% from $137M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of RAIL and 10 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 40 added.

The largest buyer was Royce & Associates, adding an estimated $4.16M. The largest seller was Prudential Financial, cutting an estimated $2.44M.

  • 98 institutional investors held FreightCar America (RAIL) as of Q3 2016, down from 105 in Q2 2016.
  • Funds reported $134M of FreightCar America stock for Q3 2016, down 2.2% quarter-over-quarter.
  • 10 funds opened new FreightCar America positions in Q3 2016 and 16 closed out, a net change of -6 holders.
  • The largest FreightCar America buyer in Q3 2016 was Royce & Associates, an estimated $4.16M added.
  • The largest FreightCar America seller in Q3 2016 was Prudential Financial, an estimated $2.44M sold.

Based on aggregated 13F filings for Q3 2016.