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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFH
Fairfax Financial Holdings
Toronto,
Ontario, Canada
|
+$690K |
| 2 |
Renaissance Technologies
New York
|
+$664K |
| 3 |
PL
Parthenon LLC
Louisville,
Kentucky
|
+$328K |
| 4 |
MA
Minerva Advisors
Bala Cynwyd,
Pennsylvania
|
+$283K |
| 5 |
D.E. Shaw & Co
New York
|
+$173K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$8.08M |
| 2 |
RA
Royce & Associates
New York
|
-$1.53M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$1.44M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$1.34M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$838K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCA
51
Bray Capital Advisors
Naples,
Florida
| – | -$4K | -738 | Closed |
|
52
Simplex Trading
Chicago,
Illinois
| – | -$1.17K | -390 | -52% |
|
53
US Bancorp
Minneapolis,
Minnesota
| – | -$867 | -289 | -69% |
|
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.