FreightCar America
RAIL
94 hedge funds and large institutions have $273M invested in FreightCar America in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 27 increasing their positions, 43 reducing their positions, and 14 closing their positions.
363% more call options, than puts
Call options by funds: $579K | Put options by funds: $125K
9% more capital invested
Capital invested by funds: $251M → $273M (+$22.6M)
7% less funds holding
Funds holding: 101 → 94 (-7)
37% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 43
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$10.2M |
| 2 |
MDCM
Morgan Dempsey Capital Management
Menomonee Falls,
Wisconsin
|
+$3.75M |
| 3 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$3.09M |
| 4 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
+$2.33M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
-$4.3M |
| 2 |
WC
Walthausen & Co
Malta,
New York
|
-$3.98M |
| 3 |
Renaissance Technologies
New York
|
-$2.23M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.17M |
| 5 |
Millennium Management
New York
|
-$1.44M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OC
101
Oppenheimer & Co
New York
| – | -$232K | -10,000 | Closed |
|
|
BG
102
BlackRock Group
London,
United Kingdom
| – | -$228K | -9,805 | Closed |
|
103
AllianceBernstein
Nashville,
Tennessee
| – | -$37K | -1,602 | Closed |
|
|
TRCT
104
Tower Research Capital (TRC)
New York
| – | -$30K | -1,287 | Closed |
|
105
Parallax Volatility Advisers
San Francisco,
California
| – | -$15K | -636 | Closed |
|
|
OSAM
106
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$11K | -483 | Closed |
|
RAIL Hedge Fund Activity: Q2 2014 in Review
94 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q2 2014, worth a combined $273M — up 9% from $251M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of RAIL and 7 opened new positions — a net loss of 7 holders — while 43 trimmed existing stakes and 27 added.
The largest buyer was Heartland Advisors, adding an estimated $10.2M. The largest seller was ACK Asset Management, exiting entirely with an estimated $4.3M sold.
- 94 institutional investors held FreightCar America (RAIL) as of Q2 2014, down from 101 in Q1 2014.
- Funds reported $273M of FreightCar America stock for Q2 2014, up 9% quarter-over-quarter.
- 7 funds opened new FreightCar America positions in Q2 2014 and 14 closed out, a net change of -7 holders.
- The largest FreightCar America buyer in Q2 2014 was Heartland Advisors, an estimated $10.2M added.
- The largest FreightCar America seller in Q2 2014 was ACK Asset Management, an estimated $4.3M sold.
Based on aggregated 13F filings for Q2 2014.