FreightCar America
RAIL
101 hedge funds and large institutions have $251M invested in FreightCar America in 2014 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 11 closing their positions.
64% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 11
16% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 31
7% more funds holding
Funds holding: 94 → 101 (+7)
15% less capital invested
Capital invested by funds: $295M → $251M (-$44M)
20% less call options, than puts
Call options by funds: $144K | Put options by funds: $179K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
+$4.49M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$4.24M |
| 3 |
RBA
Richard Bernstein Advisors
New York
|
+$2.98M |
| 4 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$2.44M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$8.87M |
| 2 |
HC
Hourglass Capital
Houston,
Texas
|
-$6.92M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$5.64M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$4.47M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DCM
101
Driehaus Capital Management
Chicago,
Illinois
| – | -$2.06M | -77,206 | Closed |
|
|
CCA
102
Catalyst Capital Advisors
Huntington,
New York
| – | -$1.2M | -45,000 | Closed |
|
|
JHIU
103
Janus Henderson Investors US
Denver,
Colorado
| – | -$427K | -16,026 | Closed |
|
|
CC
104
Curian Capital
Denver,
Colorado
| – | -$304K | -11,408 | Closed |
|
105
Tudor Investment Corp
Stamford,
Connecticut
| – | -$295K | -11,100 | Closed |
|
|
NCCM
106
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$261K | -9,800 | Closed |
|
|
STC
107
SEI Trust Company
Oaks,
Pennsylvania
| – | -$75K | -2,800 | Closed |
|
|
TAM
108
Tocqueville Asset Management
New York
| – | -$21K | -866 | -98% |
|
109
BNP Paribas Financial Markets
Paris,
France
| – | -$4.13K | -155 | Closed |
|
RAIL Hedge Fund Activity: Q1 2014 in Review
101 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q1 2014, worth a combined $251M — down 15% from $295M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new RAIL positions and 11 closed out — a net gain of 7 holders — while 36 added to existing stakes and 31 trimmed.
The largest buyer was ACK Asset Management, opening a new position worth an estimated $4.49M. The largest seller was JP Morgan Chase, cutting an estimated $8.87M.
- 101 institutional investors held FreightCar America (RAIL) as of Q1 2014, up from 94 in Q4 2013.
- Funds reported $251M of FreightCar America stock for Q1 2014, down 15% quarter-over-quarter.
- 18 funds opened new FreightCar America positions in Q1 2014 and 11 closed out, a net change of +7 holders.
- The largest FreightCar America buyer in Q1 2014 was ACK Asset Management, an estimated $4.49M added.
- The largest FreightCar America seller in Q1 2014 was JP Morgan Chase, an estimated $8.87M sold.
Based on aggregated 13F filings for Q1 2014.