FreightCar America
RAIL
90 hedge funds and large institutions have $143M invested in FreightCar America in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 25 increasing their positions, 36 reducing their positions, and 22 closing their positions.
77.18% more ownership
Funds ownership: 0% → 77.18% (+77%)
7% more capital invested
Capital invested by funds: $134M → $143M (+$9.28M)
8% less funds holding
Funds holding: 98 → 90 (-8)
15% less call options, than puts
Call options by funds: $1.8M | Put options by funds: $2.12M
27% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 22
31% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.77M |
| 2 |
RA
Royce & Associates
New York
|
+$4.29M |
| 3 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$2.79M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.72M |
| 5 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$1.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HC
Hourglass Capital
Houston,
Texas
|
-$2.38M |
| 2 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
-$1.64M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$1.62M |
| 4 |
Renaissance Technologies
New York
|
-$1.39M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SKK
101
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$228K | -15,880 | Closed |
|
|
LCP
102
Lombardia Capital Partners
Pasadena,
California
| – | -$217K | -15,067 | Closed |
|
103
Goldman Sachs
New York
| – | -$189K | -13,146 | Closed |
|
104
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$173K | -12,033 | Closed |
|
|
CS
105
Credit Suisse
Zurich,
Switzerland
| – | -$164K | -11,420 | Closed |
|
|
VKH
106
Virtu KCG Holdings
New York
| – | -$159K | -11,037 | Closed |
|
107
SG Americas Securities
New York
| – | -$107K | -7,474 | Closed |
|
108
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$96K | -6,658 | Closed |
|
|
AAM
109
Advisors Asset Management
Monument,
Colorado
| – | -$11K | -758 | Closed |
|
|
MA
110
MUFG Americas
New York
| – | -$3K | -217 | Closed |
|
111
Parallax Volatility Advisers
San Francisco,
California
| – | -$1K | -76 | Closed |
|
|
MFS
112
MSI Financial Services
Springfield,
Massachusetts
| – | -$57 | -4 | -44% |
|
RAIL Hedge Fund Activity: Q4 2016 in Review
90 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q4 2016, worth a combined $143M — up 7% from $134M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of RAIL and 16 opened new positions — a net loss of 6 holders — while 36 trimmed existing stakes and 25 added.
The largest buyer was Wells Fargo, adding an estimated $4.77M. The largest seller was Hourglass Capital, exiting entirely with an estimated $2.38M sold.
- 90 institutional investors held FreightCar America (RAIL) as of Q4 2016, down from 98 in Q3 2016.
- Funds reported $143M of FreightCar America stock for Q4 2016, up 7% quarter-over-quarter.
- 16 funds opened new FreightCar America positions in Q4 2016 and 22 closed out, a net change of -6 holders.
- The largest FreightCar America buyer in Q4 2016 was Wells Fargo, an estimated $4.77M added.
- The largest FreightCar America seller in Q4 2016 was Hourglass Capital, an estimated $2.38M sold.
Based on aggregated 13F filings for Q4 2016.