FreightCar America
RAIL
88 hedge funds and large institutions have $120M invested in FreightCar America in 2017 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 33 reducing their positions, and 9 closing their positions.
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
0.13% more ownership
Funds ownership: 77.18% → 77.31% (+0.13%)
3% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 33
2% less funds holding
Funds holding: 90 → 88 (-2)
16% less capital invested
Capital invested by funds: $143M → $120M (-$22.7M)
60% less call options, than puts
Call options by funds: $738K | Put options by funds: $1.86M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$11.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.95M |
| 3 |
RA
Royce & Associates
New York
|
+$2.86M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.25M |
| 5 |
NCCM
Nine Chapters Capital Management
Short Hills,
New Jersey
|
+$654K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.69M |
| 2 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$1.32M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$1.22M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.05M |
| 5 |
State Street
Boston,
Massachusetts
|
-$916K |
RAIL Hedge Fund Activity: Q1 2017 in Review
88 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q1 2017, worth a combined $120M — down 16% from $143M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new RAIL positions and 9 closed out — a net gain of 3 holders — while 32 added to existing stakes and 33 trimmed.
The largest buyer was BlackRock, adding an estimated $11.1M. The largest seller was JP Morgan Chase, cutting an estimated $1.69M.
- 88 institutional investors held FreightCar America (RAIL) as of Q1 2017, down from 90 in Q4 2016.
- Funds reported $120M of FreightCar America stock for Q1 2017, down 16% quarter-over-quarter.
- 12 funds opened new FreightCar America positions in Q1 2017 and 9 closed out, a net change of +3 holders.
- The largest FreightCar America buyer in Q1 2017 was BlackRock, an estimated $11.1M added.
- The largest FreightCar America seller in Q1 2017 was JP Morgan Chase, an estimated $1.69M sold.
Based on aggregated 13F filings for Q1 2017.