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FreightCar America
RAIL

41 hedge funds and large institutions have $12.5M invested in FreightCar America in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

20.6% less ownership

Funds ownership: 68.15% → 47.55% (-21%)

21% less funds holding

Funds holding: 52 → 41 (-11)

70% less capital invested

Capital invested by funds: $41.8M → $12.5M (-$29.3M)

79% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 14

Holders
41
Holders Change
-11
Holders Change %
-21.15%
% of All Funds
0.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
16
Reduced
14
Closed
14
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
+$3K

Top Buyers

Rank Fund Capital Flow
1
FFH
Fairfax Financial Holdings
Ontario, Canada
+$690K
2
Renaissance Technologies
Renaissance Technologies
New York
+$664K
3
PL
Parthenon LLC
Kentucky
+$328K
4
MA
Minerva Advisors
Pennsylvania
+$283K
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$173K

Top Sellers

Rank Fund Capital Flow
1
Russell Investments Group
Russell Investments Group
United Kingdom
-$8.08M
2
RA
Royce & Associates
New York
-$1.53M
3
BGIM
Brandywine Global Investment Management
Pennsylvania
-$1.44M
4
Boston Partners
Boston Partners
Massachusetts
-$1.34M
5
Franklin Resources
Franklin Resources
California
-$838K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$1.91M -$317K -105,498 -10%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.05M – – –
Ameriprise
3
Ameriprise
Minnesota
$980K +$23K +7,679 +2%
PRCP
4
Pacific Ridge Capital Partners
Oregon
$947K +$73.7K +24,573 +6%
WC
5
Walthausen & Co
New York
$943K -$11.5K -3,840 -0.8%
FFH
6
Fairfax Financial Holdings
Ontario, Canada
$923K +$690K +230,000 +105%
Renaissance Technologies
7
Renaissance Technologies
New York
$738K +$664K +221,300 +164%
RA
8
Royce & Associates
New York
$644K -$1.53M -508,222 -62%
MA
9
Minerva Advisors
Pennsylvania
$636K +$283K +94,158 +44%
BlackRock
10
BlackRock
New York
$571K +$5.53K +1,842 +0.7%
PL
11
Parthenon LLC
Kentucky
$523K +$328K +109,200 +76%
California Public Employees Retirement System
12
California Public Employees Retirement System
California
$317K – – –
AA
13
Ancora Advisors
Ohio
$305K -$14.1K -4,704 -3%
D.E. Shaw & Co
14
D.E. Shaw & Co
New York
$268K +$173K +57,594 +80%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$229K – – –
Geode Capital Management
16
Geode Capital Management
Massachusetts
$168K – – –
Millennium Management
17
Millennium Management
New York
$164K -$169K -56,334 -41%
Invesco
18
Invesco
Georgia
$149K -$14.2K -4,731 -6%
Two Sigma Investments
19
Two Sigma Investments
New York
$142K -$81.1K -27,020 -28%
Two Sigma Advisers
20
Two Sigma Advisers
New York
$125K -$33.3K -11,100 -15%
BCM
21
Bridgeway Capital Management
Texas
$104K – – –
Wells Fargo
22
Wells Fargo
California
$84K +$74.5K +24,812 +154%
NIM
23
Needham Investment Management
New York
$83K +$120K +40,000 New
Susquehanna International Group
24
Susquehanna International Group
Pennsylvania
$82K +$70.1K +23,362 +143%
Citadel Advisors
25
Citadel Advisors
Florida
$80K +$16.1K +5,349 +16%
1
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RAIL Hedge Fund Activity: Q4 2019 in Review

41 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q4 2019, worth a combined $12.5M — down 70% from $41.8M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of RAIL and 3 opened new positions — a net loss of 11 holders — while 14 trimmed existing stakes and 16 added.

The largest buyer was Fairfax Financial Holdings, adding an estimated $690K. The largest seller was Russell Investments Group, exiting entirely with an estimated $8.08M sold.

  • 41 institutional investors held FreightCar America (RAIL) as of Q4 2019, down from 52 in Q3 2019.
  • Funds reported $12.5M of FreightCar America stock for Q4 2019, down 70% quarter-over-quarter.
  • 3 funds opened new FreightCar America positions in Q4 2019 and 14 closed out, a net change of -11 holders.
  • The largest FreightCar America buyer in Q4 2019 was Fairfax Financial Holdings, an estimated $690K added.
  • The largest FreightCar America seller in Q4 2019 was Russell Investments Group, an estimated $8.08M sold.

Based on aggregated 13F filings for Q4 2019.