FreightCar America
RAIL
58 hedge funds and large institutions have $53.3M invested in FreightCar America in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 20 closing their positions.
11.29% less ownership
Funds ownership: 83.42% → 72.12% (-11%)
15% less funds holding
Funds holding: 68 → 58 (-10)
18% less capital invested
Capital invested by funds: $64.7M → $53.3M (-$11.4M)
29% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 21
35% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 20
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $5K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$1.35M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$1.35M |
| 3 |
WC
Walthausen & Co
Malta,
New York
|
+$870K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$505K |
| 5 |
Renaissance Technologies
New York
|
+$487K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.8M |
| 2 |
BlackRock
New York
|
-$3.61M |
| 3 |
RA
Royce & Associates
New York
|
-$2.06M |
| 4 |
State Street
Boston,
Massachusetts
|
-$1.29M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$904K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SO
76
STRS Ohio
Columbus,
Ohio
| – | -$3K | -500 | Closed |
|
77
Simplex Trading
Chicago,
Illinois
| – | -$1.3K | -202 | Closed |
|
RAIL Hedge Fund Activity: Q2 2019 in Review
58 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q2 2019, worth a combined $53.3M — down 18% from $64.7M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of RAIL and 13 opened new positions — a net loss of 7 holders — while 21 trimmed existing stakes and 15 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $1.35M. The largest seller was Wells Fargo, cutting an estimated $4.8M.
- 58 institutional investors held FreightCar America (RAIL) as of Q2 2019, down from 68 in Q1 2019.
- Funds reported $53.3M of FreightCar America stock for Q2 2019, down 18% quarter-over-quarter.
- 13 funds opened new FreightCar America positions in Q2 2019 and 20 closed out, a net change of -7 holders.
- The largest FreightCar America buyer in Q2 2019 was Millennium Management, an estimated $1.35M added.
- The largest FreightCar America seller in Q2 2019 was Wells Fargo, an estimated $4.8M sold.
Based on aggregated 13F filings for Q2 2019.