FreightCar America

RAIL • NASDAQ

FreightCar America is a railroads company in the industrials sector on NASDAQ, led by James R. Meyer, with a market cap of $186.6M. As of Q3 2025, 40% of shares are held by 75 institutional investors, with Allianz Asset Management AG as the largest holder at 8.09%.

NoneJames R. Meyer

Market Cap$186.6M

Railroads

Industrials

Employees2.0K

Websitefreightcaramerica.com

Country

United States of America

Overview

Overview of institutional ownership in RAIL as of Q3 2025 with a market cap of $187.1M

All Institutions

Institutions: 75
Value Held: $74.7M
Shares Held: 7.6M
Avg Position: $996.3K
Median Position: $320.6K

Hedge Funds

Hedge Funds: 16
Value Held: $13.1M
Shares Held: 1.3M
Avg Position: $819.2K
Median Position: $329.9K

Ownership Breakdown

Institutional (non-HF)

32.94%

$61.6M

Hedge Funds

7.01%

$13.1M

Retail & Other

60.06%

$112.3M

Based on market cap of $187.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RAIL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
A Allianz Asset Management AG Institution	-	$15.1M 0.02% of portfolio	8.09% 1.5M shares	Q3 2021 Held for 4y 2m	$80.9B
CONTINENTAL GENERAL INSURANCE CO Real Assets	Carlos Pedro Vaz CEO	$9.6M 1.86% of portfolio	5.12% 979.3K shares	Q4 2022 Held for 2y 11m	$514.2M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$6.2M 0.00% of portfolio	3.30% 631.0K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$3.4M 0.00% of portfolio	1.83% 349.6K shares	Q3 2024 Held for 1y 2m	$158.92B
Ancora Advisors, LLC RIA/Wealth	Frederick David Disanto CEO	$3.2M 0.06% of portfolio	1.72% 328.9K shares	Q4 2024 Held for 11 months	$5.0B
M Minerva Advisors LLC Hedge Fund•Value	David Peter Cohen President	$2.5M 1.61% of portfolio	1.35% 258.5K shares	Q2 2019 Held for 6y 5m	$157.5M
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$2.4M 0.00% of portfolio	1.29% 246.2K shares	Q4 2023 Held for 1y 11m	$75.8B
B BlackRock, Inc. Institution	-	$2.4M 0.00% of portfolio	1.28% 244.8K shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
Marshall Wace LLP Institution	Diana Lj Harrison President	$2.3M 0.00% of portfolio	1.21% 232.0K shares	Q4 2024 Held for 11 months	$90.3B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$2.1M 0.00% of portfolio	1.12% 214.9K shares	Q3 2013 Held for 12y 2m	$1.65T

Net Capital Flow

Institutional buying and selling activity for RAIL in Q3 2025

Traded: +$78.6K
Buyers: 34
Sellers: 34
Total Bought: +$9.2M
Total Sold: −$9.1M
Avg Position: $889.6K

Biggest Buyers

Institution	Net Bought	Current Position
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	+$2.0M +205.2K shares	$2.0M 205.2K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$865.1K +88.5K shares	$1.0M 103.9K shares
Legato Capital Management LLC Fund of Funds	+$581.7K +59.5K shares	$581.7K 59.5K shares
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	+$560.5K +57.3K shares	$931.6K 95.3K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$503.1K +51.4K shares	$828.7K 84.7K shares
DIAMOND HILL CAPITAL MANAGEMENT INC Long Only Manager	+$500.7K +51.2K shares	$500.7K 51.2K shares
J JANE STREET GROUP, LLC Institution	+$408.2K +41.7K shares	$824.2K 84.3K shares
M Minerva Advisors LLC Hedge Fund•Value	+$386.7K +39.5K shares	$2.5M 258.5K shares
Ancora Advisors, LLC RIA/Wealth	+$367.0K +37.5K shares	$3.2M 328.9K shares
Hillsdale Investment Management Inc. Long Only Manager	+$352.1K +36.0K shares	$352.1K 36.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
CONTINENTAL GENERAL INSURANCE CO Real Assets	−$2.6M −268.7K shares	$9.6M 979.3K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	−$859.5K −87.9K shares	$358.8K 36.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$653.4K −66.8K shares	$571.9K 58.5K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$625.0K −63.9K shares	$2.4M 246.2K shares
M Man Group plc Institution	−$602.5K −61.6K shares	$259.7K 26.6K shares
UBS Group AG Institution	−$473.0K −48.4K shares	$398.0K 40.7K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	−$385.2K −39.4K shares	$1.1M 111.6K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$384.0K −39.3K shares	$301.0K 30.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$289.8K −29.6K shares	$478.8K 49.0K shares
Financial Advocates Investment Management RIA/Wealth	−$280.5K −32.5K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited RAIL in Q3 2025

New Positions: 8
New Value: $3.6M
Exited Positions: 9
Exited Value: $984.9K

New Positions

Institution	Position Value
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	$2.0M 205.2K shares
Legato Capital Management LLC Fund of Funds	$581.7K 59.5K shares
DIAMOND HILL CAPITAL MANAGEMENT INC Long Only Manager	$500.7K 51.2K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$288.0K 29.4K shares
S Sender Co & Partners, Inc. Institution	$126.7K 13.0K shares
P Point72 Asia Pte. Ltd. Institution	$29.9K 3.1K shares
CWM, LLC RIA/Wealth	$19.6K 2.0K shares
Triumph Capital Management RIA/Wealth	$5.9K 600.0 shares

Exited Positions

Institution	Previous Position
Financial Advocates Investment Management RIA/Wealth	$280.5K 32.5K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	$163.5K 19.0K shares
Heron Bay Capital Management RIA/Wealth	$142.8K 16.6K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$142.5K 16.5K shares
O OXFORD ASSET MANAGEMENT Institution	$94.5K 11.0K shares
S SG Americas Securities, LLC Institution	$93.6K 10.9K shares
S State of Wyoming Institution	$62.7K 7.3K shares
Caitong International Asset Management Co., Ltd RIA/Wealth	$4.9K 573.0 shares
FMR LLC Institution	$8.0 1.0 shares

Options Activity

Institutions with the largest Call and Put options positions in RAIL as of Q3 2025

Call Positions: 3
Call Value: $1.7M
Put Positions: 3
Put Value: $558.4K

Call Positions

Institution	Position Value
P PEAK6 LLC Institution	$1.1M 1.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$463.6K 474.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$202.4K 207.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$411.7K 421.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$146.7K 150.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Most Committed Institutions

Institutions with RAIL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
CONTINENTAL GENERAL INSURANCE CO Real Assets	Carlos Pedro Vaz CEO	1.86% $9.6M	5.12% 979.3K shares	Q4 2022 Held for 2y 11m	$514.2M
M Minerva Advisors LLC Hedge Fund•Value	David Peter Cohen President	1.61% $2.5M	1.35% 258.5K shares	Q2 2019 Held for 6y 5m	$157.5M
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	Nancy Beth Prial CEO	0.31% $2.0M	1.07% 205.2K shares	Q3 2025 Held for 2 months	$652.5M
P PharVision Advisers, LLC Hedge Fund•Long/Short	Blagovest Dimitrov Baychev CEO	0.16% $288.0K	0.15% 29.4K shares	Q3 2025 Held for 2 months	$176.9M
North Star Investment Management Corp. RIA/Wealth	Peter David Gottlieb President	0.11% $1.7M	0.91% 173.8K shares	Q2 2025 Held for 5 months	$1.6B
M Mechanics Financial Corp Institution	-	0.07% $195.6K	0.10% 20.0K shares	Q1 2025 Held for 8 months	$264.0M
Ancora Advisors, LLC RIA/Wealth	Frederick David Disanto CEO	0.06% $3.2M	1.72% 328.9K shares	Q4 2024 Held for 11 months	$5.0B
Legato Capital Management LLC Fund of Funds	Victor Louis Hymes CEO	0.06% $581.7K	0.31% 59.5K shares	Q3 2025 Held for 2 months	$915.6M
Pacific Wealth Strategies Group, Inc. RIA/Wealth	Jeffery Dane Brookshire President	0.06% $98.2K	0.05% 10.0K shares	Q2 2025 Held for 5 months	$162.5M
S Sender Co & Partners, Inc. Institution	-	0.05% $126.7K	0.07% 13.0K shares	Q3 2025 Held for 2 months	$256.4M

Hedge Fund Spotlight

Discover hedge funds investing in RAIL

ARROWSTREET CAPITAL LIMITED PARTNERSHIP

Hedge Fund • Quant

Portfolio ManagerAnthony Ryan

Portfolio Value: $158.92B
Positions: 1,827
Last Reported: Q3 2025

Sector Allocation

Position in FreightCar America

Market Value: $3.4M
Shares Held: 349.6K
Portfolio Weight: 0.00%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$7.2B	4.51%
2 Microsoft MSFT	Software - Infrastructure Technology	$6.5B	4.11%
3 Nvidia NVDA	Semiconductors Technology	$4.8B	3.02%