FreightCar America
RAIL
82 hedge funds and large institutions have $178M invested in FreightCar America in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 32 reducing their positions, and 11 closing their positions.
20% more capital invested
Capital invested by funds: $148M → $178M (+$29.4M)
3.91% less ownership
Funds ownership: 89.04% → 85.13% (-3.9%)
6% less funds holding
Funds holding: 87 → 82 (-5)
22% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 32
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
75% less call options, than puts
Call options by funds: $438K | Put options by funds: $1.77M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$2.93M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$1.01M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$580K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$462K |
| 5 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$452K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$1.05M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$969K |
| 3 |
Millennium Management
New York
|
-$800K |
| 4 |
Morgan Stanley
New York
|
-$642K |
| 5 |
UIC
Uniplan Investment Counsel
Milwaukee,
Wisconsin
|
-$599K |
RAIL Hedge Fund Activity: Q2 2018 in Review
82 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q2 2018, worth a combined $178M — up 20% from $148M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of RAIL and 7 opened new positions — a net loss of 4 holders — while 32 trimmed existing stakes and 25 added.
The largest buyer was Royce & Associates, adding an estimated $2.93M. The largest seller was Systematic Financial Management, exiting entirely with an estimated $1.05M sold.
- 82 institutional investors held FreightCar America (RAIL) as of Q2 2018, down from 87 in Q1 2018.
- Funds reported $178M of FreightCar America stock for Q2 2018, up 20% quarter-over-quarter.
- 7 funds opened new FreightCar America positions in Q2 2018 and 11 closed out, a net change of -4 holders.
- The largest FreightCar America buyer in Q2 2018 was Royce & Associates, an estimated $2.93M added.
- The largest FreightCar America seller in Q2 2018 was Systematic Financial Management, an estimated $1.05M sold.
Based on aggregated 13F filings for Q2 2018.