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FreightCar America
RAIL

52 hedge funds and large institutions have $69.2M invested in FreightCar America in 2024 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

248% more capital invested

Capital invested by funds: $19.9M → $69.2M (+$49.3M)

200% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 8

155% more call options, than puts

Call options by funds: $1.03M | Put options by funds: $405K

44% more funds holding

Funds holding: 36 → 52 (+16)

38% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 8

3.46% more ownership

Funds ownership: 30.53% → 33.98% (+3.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
52
Holders Change
+16
Holders Change %
+44.44%
% of All Funds
0.75%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
24
Increased
11
Reduced
8
Closed
8
Calls
$1.03M
Puts
$405K
Net Calls
+$629K
Net Calls Change
+$591K

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$1.08M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.01M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$731K
4
Allspring Global Investments
Allspring Global Investments
North Carolina
+$577K
5
EI
EAM Investors
California
+$543K

Top Sellers

Rank Fund Capital Flow
1
MA
Minerva Advisors
Pennsylvania
-$2.14M
2
WIM
Wittenberg Investment Management
Massachusetts
-$569K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$314K
4
Citadel Advisors
Citadel Advisors
Florida
-$201K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$145K
Name Holding Trade Value Shares
Change 		Change in
Stake
CGIC
1
Continental General Insurance Company
Texas
$17.1M – – –
Allianz Asset Management
2
Allianz Asset Management
Germany
$16.7M – – –
Vanguard Group
3
Vanguard Group
Pennsylvania
$6.29M +$54.2K +9,299 +2%
MA
4
Minerva Advisors
Pennsylvania
$4.52M -$2.14M -367,308 -47%
BlackRock
5
BlackRock
New York
$2.29M -$103K -17,576 -8%
Jane Street
6
Jane Street
New York
$1.99M +$1.08M +184,600 New
Geode Capital Management
7
Geode Capital Management
Massachusetts
$1.95M +$116K +19,890 +12%
Arrowstreet Capital
8
Arrowstreet Capital
Massachusetts
$1.86M +$1.01M +172,711 New
Acadian Asset Management
9
Acadian Asset Management
Massachusetts
$1.35M +$731K +125,301 New
Renaissance Technologies
10
Renaissance Technologies
New York
$1.33M +$38.6K +6,613 +6%
Allspring Global Investments
11
Allspring Global Investments
North Carolina
$1.07M +$577K +98,898 New
EI
12
EAM Investors
California
$1M +$543K +93,048 New
Walleye Capital
13
Walleye Capital
New York
$813K +$440K +75,375 New
Morgan Stanley
14
Morgan Stanley
New York
$793K -$67.1K -11,500 -14%
Citigroup
15
Citigroup
New York
$722K +$388K +66,537 +17,983%
CSS
16
Cubist Systematic Strategies
Connecticut
$687K +$372K +63,695 New
Goldman Sachs
17
Goldman Sachs
New York
$677K +$366K +62,709 New
Bank of New York Mellon
18
Bank of New York Mellon
New York
$606K – – –
State Street
19
State Street
Massachusetts
$582K +$56K +9,600 +22%
Millennium Management
20
Millennium Management
New York
$558K +$302K +51,752 New
OQS
21
Occudo Quantitative Strategies
Florida
$549K +$297K +50,867 New
BCM
22
Bridgeway Capital Management
Texas
$540K – – –
Wells Fargo
23
Wells Fargo
California
$539K +$291K +49,931 +4,993,100%
UBS Group
24
UBS Group
Switzerland
$518K +$11.7K +2,001 +4%
CC
25
Centiva Capital
New York
$453K +$245K +41,999 New
1
2 3

RAIL Hedge Fund Activity: Q3 2024 in Review

52 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in FreightCar America (RAIL) for Q3 2024, worth a combined $69.2M — up 248% from $19.9M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new RAIL positions and 8 closed out — a net gain of 16 holders — while 11 added to existing stakes and 8 trimmed.

The largest buyer was Jane Street, opening a new position worth an estimated $1.08M. The largest seller was Minerva Advisors, cutting an estimated $2.14M.

  • 52 institutional investors held FreightCar America (RAIL) as of Q3 2024, up from 36 in Q2 2024.
  • Funds reported $69.2M of FreightCar America stock for Q3 2024, up 248% quarter-over-quarter.
  • 24 funds opened new FreightCar America positions in Q3 2024 and 8 closed out, a net change of +16 holders.
  • The largest FreightCar America buyer in Q3 2024 was Jane Street, an estimated $1.08M added.
  • The largest FreightCar America seller in Q3 2024 was Minerva Advisors, an estimated $2.14M sold.

Based on aggregated 13F filings for Q3 2024.