Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in RAIL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Allianz Asset Management GmbH | 1.5M | $12.3M | 0.0% | 4.865% | 0.01% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 583K | $4.6M | — | 1.833% | 0.00% |
| 3 | MARSHALL WACE, LLP | 523K | $4.2M | +17.1% | 1.643% | 0.00% |
| 4 | ESSEX INVESTMENT MANAGEMENT CO LLC | 352K | $2.8M | +1.8% | 1.108% | 0.44% |
| 5 | Minerva Advisors LLC | 341K | $2.7M | +27.7% | 1.072% | 1.75% |
| 6 | CITADEL ADVISORS LLC | 292K | $2.3M | -4.7% | 0.916% | 0.00% |
| 7 | Hillsdale Investment Management Inc. | 288K | $2.3M | -1.2% | 0.904% | 0.06% |
| 8 | BlackRock, Inc. | 269K | $2.1M | +8.7% | 0.847% | 0.00% |
| 9 | North Star Investment Management Corp. | 238K | $1.9M | +36.8% | 0.748% | 0.11% |
| 10 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 231K | $1.8M | -34.0% | 0.726% | 0.00% |
| 11 | MILLENNIUM MANAGEMENT LLC | 216K | $1.7M | +41.3% | 0.680% | 0.00% |
| 12 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 204K | $1.6M | -27.8% | 0.643% | 0.00% |
| 13 | MORGAN STANLEY | 201K | $1.6M | +58.6% | 0.633% | 0.00% |
| 14 | GEODE CAPITAL MANAGEMENT, LLC | 162K | $1.3M | -0.3% | 0.509% | 0.00% |
| 15 | Ancora Advisors, LLC | 150K | $1.2M | -47.0% | 0.471% | 0.03% |
| 16 | Penn Capital Management Company, LLC | 145K | $1.2M | +117.9% | 0.454% | 0.09% |
| 17 | RENAISSANCE TECHNOLOGIES LLC | 142K | $1.1M | -1.3% | 0.446% | 0.00% |
| 18 | DIMENSIONAL FUND ADVISORS LP | 140K | $1.1M | +16.6% | 0.440% | 0.00% |
| 19 | Russell Investments Group, Ltd. | 136K | $1.1M | -22.4% | 0.426% | 0.00% |
| 20 | SEI INVESTMENTS CO | 121K | $966K | +119.9% | 0.381% | 0.00% |
| 21 | UBS Group AG | 119K | $947K | +186.6% | 0.373% | 0.00% |
| 22 | Legato Capital Management LLC | 110K | $880K | -1.4% | 0.347% | 0.08% |
| 23 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 105K | $838K | +133.0% | 0.330% | 0.02% |
| 24 | D. E. Shaw & Co., Inc. | 92K | $733K | +28.8% | 0.289% | 0.00% |
| 25 | PANAGORA ASSET MANAGEMENT INC | 85K | $679K | 0.0% | 0.268% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in RAIL — a direct measure of their conviction.
Filings activity in RAIL during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new RAIL position in Q1 2026
Institutions that fully closed their RAIL position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 85 | +12% | 26.01% | 8.90 pp | $67M | 26% |
| Q4 2025 | 76 | +1.3% | 34.91% | +6.13 pp | $90M | +21% |
| Q3 2025 | 75 | +7.1% | 28.78% | +3.89 pp | $74M | +16% |
| Q2 2025 | 70 | 6.7% | 24.89% | +7.80 pp | $64M | +46% |
| Q1 2025 | 75 | +19% | 17.09% | 9.72 pp | $44M | 36% |
| Q4 2024 | 63 | +21% | 26.81% | +0.76 pp | $69M | +2.9% |
| Q3 2024 | 52 | +44% | 26.05% | +16.59 pp | $67M | +175% |
| Q2 2024 | 36 | — | 9.46% | — | $24M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying RAIL stock.
Based on Q1 2026 13F filings, institutional ownership of FreightCar America, Inc. stands at 26.0%, held across 85 reporting institutions.
Allianz Asset Management GmbH is the largest reported institutional holder of RAIL, with approximately 1,547,266 shares worth $0.01B as of Q1 2026.
Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of RAIL, including CITADEL ADVISORS LLC, MILLENNIUM MANAGEMENT LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for RAIL is 56 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
18 institutions opened new positions in RAIL during Q1 2026, while 9 fully exited. 18 added to existing positions and 49 trimmed.
RAIL institutional ownership fell by 8.90 percentage points quarter-over-quarter, with a net change of +9 holders.
The top 10 institutions account for 55.3% of all reported 13F value in RAIL, and the top 25 account for 80.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
FreightCar America, Inc. (RAIL) Institutional Ownership