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FreightCar America
RAIL

34 hedge funds and large institutions have $15.9M invested in FreightCar America in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

239% more call options, than puts

Call options by funds: $200K | Put options by funds: $59K

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

50% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 6

6% more funds holding

Funds holding: 32 → 34 (+2)

3% more capital invested

Capital invested by funds: $15.4M → $15.9M (+$484K)

0.71% more ownership

Funds ownership: 32.11% → 32.82% (+0.71%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
34
Holders Change
+2
Holders Change %
+6.25%
% of All Funds
0.5%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
4
Increased
9
Reduced
6
Closed
2
Calls
$200K
Puts
$59K
Net Calls
+$141K
Net Calls Change
+$52K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$377K
2
Renaissance Technologies
Renaissance Technologies
New York
+$82.8K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$32.2K
4
Millennium Management
Millennium Management
New York
+$31.9K
5
UBS Group
UBS Group
Switzerland
+$12.1K

Top Sellers

1
WIM
Wittenberg Investment Management
Massachusetts
-$121K
2
MA
Minerva Advisors
Pennsylvania
-$52.3K
3
HighTower Advisors
HighTower Advisors
Illinois
-$32K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$18.2K
5
Citadel Advisors
Citadel Advisors
Florida
-$7.35K
Name Holding Trade Value Shares
Change 		Change in
Stake
CGIC
1
Continental General Insurance Company
Texas
$4.28M – – –
Allianz Asset Management
2
Allianz Asset Management
Germany
$4.18M – – –
MA
3
Minerva Advisors
Pennsylvania
$2.11M -$52.3K -20,728 -3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.51M +$1.74K +690 +0.1%
Morgan Stanley
5
Morgan Stanley
New York
$822K +$377K +149,466 +97%
BlackRock
6
BlackRock
New York
$614K -$994 -394 -0.2%
WIM
7
Wittenberg Investment Management
Massachusetts
$587K -$121K -48,139 -18%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$397K – – –
Susquehanna International Group
9
Susquehanna International Group
Pennsylvania
$201K -$18.2K -7,225 -9%
BCM
10
Bridgeway Capital Management
Texas
$197K – – –
Bank of New York Mellon
11
Bank of New York Mellon
New York
$169K -$2.42K -958 -2%
UBS Group
12
UBS Group
Switzerland
$144K +$12.1K +4,787 +10%
State Street
13
State Street
Massachusetts
$115K – – –
Northern Trust
14
Northern Trust
Illinois
$92.1K +$4.71K +1,866 +6%
Renaissance Technologies
15
Renaissance Technologies
New York
$89K +$82.8K +32,800 New
Citadel Advisors
16
Citadel Advisors
Florida
$67K -$7.35K -2,913 -11%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$64.9K +$32.2K +12,759 +113%
MFC
18
Mechanics Financial Corp
Ohio
$52.6K – – –
Millennium Management
19
Millennium Management
New York
$34.1K +$31.9K +12,647 New
Bank of America
20
Bank of America
North Carolina
$31.2K – – –
Wells Fargo
21
Wells Fargo
California
$27.3K +$7.59K +3,007 +42%
JP Morgan Chase
22
JP Morgan Chase
New York
$20.3K +$18 +7 +0.1%
IRC
23
Investors Research Corp
Georgia
$19K – – –
TRCT
24
Tower Research Capital (TRC)
New York
$7.33K +$3.3K +1,307 +93%
OC
25
Oakworth Capital
Alabama
$6.95K – – –
1
2

RAIL Hedge Fund Activity: Q4 2023 in Review

34 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q4 2023, worth a combined $15.9M — up 3.1% from $15.4M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new RAIL positions and 2 closed out — a net gain of 2 holders — while 9 added to existing stakes and 6 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $377K. The largest seller was Wittenberg Investment Management, cutting an estimated $121K.

  • 34 institutional investors held FreightCar America (RAIL) as of Q4 2023, up from 32 in Q3 2023.
  • Funds reported $15.9M of FreightCar America stock for Q4 2023, up 3.1% quarter-over-quarter.
  • 4 funds opened new FreightCar America positions in Q4 2023 and 2 closed out, a net change of +2 holders.
  • The largest FreightCar America buyer in Q4 2023 was Morgan Stanley, an estimated $377K added.
  • The largest FreightCar America seller in Q4 2023 was Wittenberg Investment Management, an estimated $121K sold.

Based on aggregated 13F filings for Q4 2023.