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FreightCar America
RAIL

31 hedge funds and large institutions have $18.1M invested in FreightCar America in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more call options, than puts

Call options by funds: $238K | Put options by funds: $93K

120% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 5

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.33% less ownership

Funds ownership: 33.08% → 32.75% (-0.33%)

0% less capital invested

Capital invested by funds: $18.2M → $18.1M (-$87.1K)

14% less funds holding

Funds holding: 36 → 31 (-5)

83% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 6

Holders
31
Holders Change
-5
Holders Change %
-13.89%
% of All Funds
0.49%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
1
Increased
11
Reduced
5
Closed
6
Calls
$238K
Puts
$93K
Net Calls
+$145K
Net Calls Change
+$170K

Top Buyers

1
Allianz Asset Management
Allianz Asset Management
Germany
+$549K
2
Citadel Advisors
Citadel Advisors
Florida
+$84.2K
3
Bank of America
Bank of America
North Carolina
+$39.7K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$28K
5
UBS Group
UBS Group
Switzerland
+$15.4K

Top Sellers

1
Group One Trading
Group One Trading
Illinois
-$109K
2
Renaissance Technologies
Renaissance Technologies
New York
-$96.8K
3
Charles Schwab
Charles Schwab
California
-$44.3K
4
IWN
Independent Wealth Network
Iowa
-$38.7K
5
NIMC
Nierenberg Investment Management Company
Washington
-$37K
Name Holding Trade Value Shares
Change 		Change in
Stake
CGIC
1
Continental General Insurance Company
Texas
$4.94M – – –
Allianz Asset Management
2
Allianz Asset Management
Germany
$4.83M +$549K +158,878 +11%
MA
3
Minerva Advisors
Pennsylvania
$2.5M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.74M +$4.32K +1,250 +0.2%
WIM
5
Wittenberg Investment Management
Massachusetts
$845K – – –
BlackRock
6
BlackRock
New York
$739K +$3.17K +917 +0.4%
Morgan Stanley
7
Morgan Stanley
New York
$496K +$4.75K +1,374 +0.9%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$409K – – –
BCM
9
Bridgeway Capital Management
Texas
$228K – – –
Bank of New York Mellon
10
Bank of New York Mellon
New York
$205K – – –
Renaissance Technologies
11
Renaissance Technologies
New York
$183K -$96.8K -28,000 -32%
Susquehanna International Group
12
Susquehanna International Group
Pennsylvania
$141K +$28K +8,104 +22%
State Street
13
State Street
Massachusetts
$133K – – –
UBS Group
14
UBS Group
Switzerland
$122K +$15.4K +4,462 +13%
Citadel Advisors
15
Citadel Advisors
Florida
$117K +$84.2K +24,345 +186%
Northern Trust
16
Northern Trust
Illinois
$95K +$10.5K +3,023 +11%
MFC
17
Mechanics Financial Corp
Ohio
$60.7K – – –
JP Morgan Chase
18
JP Morgan Chase
New York
$44K -$12.4K -3,588 -20%
Group One Trading
19
Group One Trading
Illinois
$38.5K -$109K -31,465 -72%
MFA
20
McClarren Financial Advisors
Pennsylvania
$38K – – –
Bank of America
21
Bank of America
North Carolina
$35.9K +$39.7K +11,483 +38,277%
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$35.2K – – –
IRC
23
Investors Research Corp
Georgia
$22K – – –
Wells Fargo
24
Wells Fargo
California
$19K +$13.8K +4,000 +191%
TRCT
25
Tower Research Capital (TRC)
New York
$17K +$6.03K +1,744 +46%
1
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RAIL Hedge Fund Activity: Q1 2023 in Review

31 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q1 2023, worth a combined $18.1M — down 0.48% from $18.2M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of RAIL and 1 opened new positions — a net loss of 5 holders — while 5 trimmed existing stakes and 11 added.

The largest buyer was Allianz Asset Management, adding an estimated $549K. The largest seller was Group One Trading, cutting an estimated $109K.

  • 31 institutional investors held FreightCar America (RAIL) as of Q1 2023, down from 36 in Q4 2022.
  • Funds reported $18.1M of FreightCar America stock for Q1 2023, down 0.48% quarter-over-quarter.
  • 1 fund opened new FreightCar America positions in Q1 2023 and 6 closed out, a net change of -5 holders.
  • The largest FreightCar America buyer in Q1 2023 was Allianz Asset Management, an estimated $549K added.
  • The largest FreightCar America seller in Q1 2023 was Group One Trading, an estimated $109K sold.

Based on aggregated 13F filings for Q1 2023.