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FreightCar America
RAIL

36 hedge funds and large institutions have $19.9M invested in FreightCar America in 2024 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

633% more call options, than puts

Call options by funds: $44K | Put options by funds: $6K

0% more funds holding

Funds holding: 36 → 36 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

0.75% less ownership

Funds ownership: 31.27% → 30.53% (-0.75%)

10% less capital invested

Capital invested by funds: $22.1M → $19.9M (-$2.17M)

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
36
Holders Change
–
Holders Change %
0%
% of All Funds
0.52%
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
12
Closed
4
Calls
$44K
Puts
$6K
Net Calls
+$38K
Net Calls Change
-$225K

Top Buyers

1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$154K
2
Renaissance Technologies
Renaissance Technologies
New York
+$131K
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$48.2K
4
Prudential Financial
Prudential Financial
New Jersey
+$40.6K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$21.7K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$246K
2
Millennium Management
Millennium Management
New York
-$48.8K
3
WIM
Wittenberg Investment Management
Massachusetts
-$42.8K
4
Jane Street
Jane Street
New York
-$42.4K
5
Vanguard Group
Vanguard Group
Pennsylvania
-$40.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
CGIC
1
Continental General Insurance Company
Texas
$5.53M – – –
Allianz Asset Management
2
Allianz Asset Management
Germany
$5.4M – – –
MA
3
Minerva Advisors
Pennsylvania
$2.72M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$2M -$40.7K -11,020 -2%
BlackRock
5
BlackRock
New York
$802K +$14.2K +3,852 +2%
WIM
6
Wittenberg Investment Management
Massachusetts
$569K -$42.8K -11,590 -7%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$561K +$48.2K +13,034 +9%
Renaissance Technologies
8
Renaissance Technologies
New York
$408K +$131K +35,387 +43%
Morgan Stanley
9
Morgan Stanley
New York
$297K -$246K -66,474 -44%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$196K – – –
Susquehanna International Group
11
Susquehanna International Group
Pennsylvania
$188K -$39.4K -10,651 -16%
BCM
12
Bridgeway Capital Management
Texas
$175K – – –
UBS Group
13
UBS Group
Switzerland
$161K +$107 +29 +0.1%
State Street
14
State Street
Massachusetts
$155K +$5.91K +1,600 +4%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$145K +$154K +41,661 New
Citadel Advisors
16
Citadel Advisors
Florida
$124K -$25.2K -6,822 -16%
Northern Trust
17
Northern Trust
Illinois
$118K -$1.07K -289 -0.8%
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$104K +$21.7K +5,880 +24%
MFC
19
Mechanics Financial Corp
Ohio
$68K – – –
Bank of America
20
Bank of America
North Carolina
$40.3K +$30 +8 +0.1%
Prudential Financial
21
Prudential Financial
New Jersey
$38.4K +$40.6K +11,000 New
Simplex Trading
22
Simplex Trading
Illinois
$38K -$14K -3,788 -26%
IRC
23
Investors Research Corp
Georgia
$23.2K – – –
TRCT
24
Tower Research Capital (TRC)
New York
$12.5K +$480 +130 +4%
OC
25
Oakworth Capital
Alabama
$8.98K – – –
1
2

RAIL Hedge Fund Activity: Q2 2024 in Review

36 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q2 2024, worth a combined $19.9M — down 9.8% from $22.1M a quarter earlier.

Fund positioning in RAIL was balanced in Q2 2024: 4 funds opened new positions, 4 closed out, 9 added to existing stakes and 12 trimmed.

The largest buyer was PNC Financial Services Group, opening a new position worth an estimated $154K. The largest seller was Morgan Stanley, cutting an estimated $246K.

  • 36 institutional investors held FreightCar America (RAIL) as of Q2 2024, unchanged from Q1 2024.
  • Funds reported $19.9M of FreightCar America stock for Q2 2024, down 9.8% quarter-over-quarter.
  • 4 funds opened new FreightCar America positions in Q2 2024 and 4 closed out, a net change of 0 holders.
  • The largest FreightCar America buyer in Q2 2024 was PNC Financial Services Group, an estimated $154K added.
  • The largest FreightCar America seller in Q2 2024 was Morgan Stanley, an estimated $246K sold.

Based on aggregated 13F filings for Q2 2024.