FreightCar America
RAIL
105 hedge funds and large institutions have $370M invested in FreightCar America in 2014 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 36 reducing their positions, and 11 closing their positions.
1,854% more call options, than puts
Call options by funds: $4.08M | Put options by funds: $209K
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 11
35% more capital invested
Capital invested by funds: $273M → $370M (+$96.6M)
12% more funds holding
Funds holding: 94 → 105 (+11)
6% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$9.61M |
| 2 |
SCM
SkyTop Capital Management
Rutherford,
New Jersey
|
+$7.48M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$3.16M |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
+$2.75M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$2.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$8.89M |
| 2 |
RA
Royce & Associates
New York
|
-$7.93M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$6.28M |
| 4 |
KG
Killen Group
Berwyn,
Pennsylvania
|
-$2.27M |
| 5 |
SRC
Shufro Rose & Co
New York
|
-$1.23M |
RAIL Hedge Fund Activity: Q3 2014 in Review
105 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q3 2014, worth a combined $370M — up 35% from $273M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new RAIL positions and 11 closed out — a net gain of 11 holders — while 34 added to existing stakes and 36 trimmed.
The largest buyer was Munder Capital Management, opening a new position worth an estimated $9.61M. The largest seller was Wellington Management Group, exiting entirely with an estimated $8.89M sold.
- 105 institutional investors held FreightCar America (RAIL) as of Q3 2014, up from 94 in Q2 2014.
- Funds reported $370M of FreightCar America stock for Q3 2014, up 35% quarter-over-quarter.
- 22 funds opened new FreightCar America positions in Q3 2014 and 11 closed out, a net change of +11 holders.
- The largest FreightCar America buyer in Q3 2014 was Munder Capital Management, an estimated $9.61M added.
- The largest FreightCar America seller in Q3 2014 was Wellington Management Group, an estimated $8.89M sold.
Based on aggregated 13F filings for Q3 2014.