FreightCar America
RAIL
118 hedge funds and large institutions have $159M invested in FreightCar America in 2016 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 54 increasing their positions, 42 reducing their positions, and 21 closing their positions.
332% more call options, than puts
Call options by funds: $2.1M | Put options by funds: $486K
29% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 42
6% less funds holding
Funds holding: 125 → 118 (-7)
24% less capital invested
Capital invested by funds: $208M → $159M (-$49.1M)
33% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 21
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$8.6M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$3.65M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.25M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$2.74M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$12.9M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$5.51M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.05M |
| 4 |
Bank of New York Mellon
New York
|
-$3.57M |
| 5 |
Morgan Stanley
New York
|
-$2.88M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HHC
126
Hutchin Hill Capital
New York
| – | -$855K | -44,000 | Closed |
|
|
DC
127
Deere & Company
Moline,
Illinois
| – | -$576K | -29,646 | Closed |
|
|
EMG
128
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$543K | -27,926 | Closed |
|
|
CIC
129
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$445K | -22,900 | Closed |
|
130
Marshall Wace
London,
United Kingdom
| – | -$326K | -16,781 | Closed |
|
|
HA
131
Heartland Advisors
Milwaukee,
Wisconsin
| – | -$321K | -16,500 | Closed |
|
132
Goldman Sachs
New York
| – | -$297K | -15,296 | Closed |
|
|
AL
133
Airain Ltd
St. Peter Port,
Guernsey
| – | -$256K | -13,194 | Closed |
|
134
Nomura Holdings
Tokyo,
Japan
| – | -$253K | -12,970 | Closed |
|
|
B
135
Bailard
Foster City,
California
| – | -$208K | -10,700 | Closed |
|
136
BNP Paribas Financial Markets
Paris,
France
| – | -$54.4K | -2,800 | Closed |
|
|
QT
137
Quantbot Technologies
New York
| – | -$42K | -2,200 | Closed |
|
|
NFG
138
Next Financial Group
Houston,
Texas
| – | -$9K | -500 | Closed |
|
139
Bessemer Group
Woodbridge,
New Jersey
| – | -$2K | -95 | Closed |
|
RAIL Hedge Fund Activity: Q1 2016 in Review
118 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q1 2016, worth a combined $159M — down 24% from $208M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of RAIL and 14 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 54 added.
The largest buyer was JP Morgan Chase, adding an estimated $8.6M. The largest seller was Numeric Investors, exiting entirely with an estimated $12.9M sold.
- 118 institutional investors held FreightCar America (RAIL) as of Q1 2016, down from 125 in Q4 2015.
- Funds reported $159M of FreightCar America stock for Q1 2016, down 24% quarter-over-quarter.
- 14 funds opened new FreightCar America positions in Q1 2016 and 21 closed out, a net change of -7 holders.
- The largest FreightCar America buyer in Q1 2016 was JP Morgan Chase, an estimated $8.6M added.
- The largest FreightCar America seller in Q1 2016 was Numeric Investors, an estimated $12.9M sold.
Based on aggregated 13F filings for Q1 2016.