Freightcar America, Inc.: which funds bought and sold

Institutions that bought and sold Freightcar America shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 46 institutions that filed 13F reports for both quarters added to or opened positions in Freightcar America, and 53 cut or closed them. Together they added a net 1.2M shares, +14.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 344K shares (+13.1%); index fund managers were net buyers of 1.2M shares (+103.3%). 23 opened a new position and 22 sold out entirely.

Bought, Q2 2026 46 institutions, 23 of them new holders Sold, Q2 2026 53 institutions, 22 of them sold out

Net change, all compared +1.2M shares (+14.4%)

Net change, active managers +344K shares (+13.1%), 8 bought, 19 sold

Buyers versus sellers

institutions compared, 105

46 bought 6 53 sold

Active managers and hedge funds 8 bought · 19 sold · +344K

Index fund managers 8 bought · 1 sold · +1.2M

Other institutions 30 bought · 33 sold · −351K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+689K +256.0%	959K	$9.3M
Kennedy Capital Management LLC Active manager	+492K New position	492K	$4.8M
Nwam LLC	+321K New position	321K	$3.1M
Diamond Hill Capital Management, LLC (Investment Advisor) Active manager	+296K +411.3%	368K	$3.6M
Geode Capital Management, LLC Index funds	+216K +133.4%	378K	$3.7M
Jacobs Levy Equity Management, Inc Active manager	+196K +278.5%	266K	$2.6M
Penn Capital Management Company, LLC Active manager	+195K +134.7%	339K	$3.3M
Vanguard Portfolio Management LLC Index funds	+104K New position	104K	$1M
State Street Corp Index funds	+86K +132.5%	151K	$1.5M
Northern Trust Corp Index funds	+80K +224.1%	115K	$1.1M
Cm Wealth Advisors LLC	+61K New position	61K	$598,523
Two Sigma Investments, LP Hedge fund	+61K +76.8%	140K	$1.4M
Formula Growth Ltd	+50K New position	50K	$487,000
Xtx Topco Ltd	+47K +139.4%	80K	$781,255
Charles Schwab Investment Management Inc Index funds	+41K New position	41K	$401,181
Minerva Advisors LLC	+38K +11.1%	379K	$3.7M
Bank Of New York Mellon Corp	+29K +35.5%	112K	$1.1M
Hillsdale Investment Management Inc.	+26K +9.1%	314K	$3.1M
Dimensional Fund Advisors LP	+26K +18.6%	166K	$1.6M
Vanguard Fiduciary Trust Co Index funds	+20K +24.3%	104K	$1M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Kennedy Capital Management LLC Active manager	+492K New position	492K	$4.8M
Diamond Hill Capital Management, LLC (Investment Advisor) Active manager	+296K +411.3%	368K	$3.6M
Jacobs Levy Equity Management, Inc Active manager	+196K +278.5%	266K	$2.6M
Penn Capital Management Company, LLC Active manager	+195K +134.7%	339K	$3.3M
Two Sigma Investments, LP Hedge fund	+61K +76.8%	140K	$1.4M
Price T Rowe Associates Inc Active manager	+12K New position	12K	$119,000
Man Group PLC Hedge fund	+11K +18.2%	69K	$672,294
FMR LLC Active manager	+440 New position	440	$4,286

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	−216K Sold out	0	—
Ancora Advisors LLC	−144K −95.8%	6,360	$61,946
Susquehanna International Group, LLP	−135K −82.0%	30K	$288,596
Russell Investments Group, Ltd.	−134K −99.1%	1,182	$11,512
Arrowstreet Capital, Limited Partnership Hedge fund	−128K −55.6%	103K	$998,506
North Star Investment Management Corp.	−104K −43.7%	134K	$1.3M
Morgan Stanley	−82K −41.0%	119K	$1.2M
Point72 Asset Management, L.P. Hedge fund	−80K Sold out	0	—
Marshall Wace, LLP Hedge fund	−76K −14.6%	446K	$4.3M
Hightower Advisors, LLC	−75K Sold out	0	—
UBS Group AG	−66K −55.2%	53K	$518,120
Qube Research & Technologies Ltd Hedge fund	−61K Sold out	0	—
683 Capital Management, LLC Hedge fund	−55K Sold out	0	—
Citadel Advisors LLC Hedge fund	−46K −65.4%	24K	$238,348
Schonfeld Strategic Advisors LLC Hedge fund	−46K Sold out	0	—
Ameriprise Financial Inc	−46K −65.5%	24K	$235,854
Panagora Asset Management Inc Active manager	−45K −52.6%	40K	$393,077
Bank Of America Corp	−44K −70.7%	18K	$177,346
Sei Investments Co	−39K −32.5%	82K	$797,063
Engineers Gate Manager LP Hedge fund	−36K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	−216K Sold out	0	—
Arrowstreet Capital, Limited Partnership Hedge fund	−128K −55.6%	103K	$998,506
Point72 Asset Management, L.P. Hedge fund	−80K Sold out	0	—
Marshall Wace, LLP Hedge fund	−76K −14.6%	446K	$4.3M
Qube Research & Technologies Ltd Hedge fund	−61K Sold out	0	—
683 Capital Management, LLC Hedge fund	−55K Sold out	0	—
Citadel Advisors LLC Hedge fund	−46K −65.4%	24K	$238,348
Schonfeld Strategic Advisors LLC Hedge fund	−46K Sold out	0	—
Panagora Asset Management Inc Active manager	−45K −52.6%	40K	$393,077
Engineers Gate Manager LP Hedge fund	−36K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Kennedy Capital Management LLCActive manager	492K	$4.8M
Nwam LLC	321K	$3.1M
Vanguard Portfolio Management LLCIndex funds	104K	$1M
Cm Wealth Advisors LLC	61K	$598,523
Formula Growth Ltd	50K	$487,000
Charles Schwab Investment Management IncIndex funds	41K	$401,181
Nuveen, LLC	20K	$190,622
Deutsche Bank Ag\	15K	$143,996
Wells Fargo & Company	14K	$137,178
Price T Rowe Associates IncActive manager	12K	$119,000

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Millennium Management LLCHedge fund	216K	$1.7M
Point72 Asset Management, L.P.Hedge fund	80K	$634,763
Hightower Advisors, LLC	75K	$596,124
Qube Research & Technologies LtdHedge fund	61K	$482,544
683 Capital Management, LLCHedge fund	55K	$438,350
Schonfeld Strategic Advisors LLCHedge fund	46K	$366,850
Engineers Gate Manager LPHedge fund	36K	$284,370
Hudson Bay Capital Management LPHedge fund	25K	$201,330
Integrated Quantitative Investments LLC	20K	$162,118
HRT Financial LP	20K	$158,000

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 84
Ten largest holders: 59.6%
Index fund managers: 25.0%
Active managers and hedge funds: 30.4%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	8	19	3	10	+344K	+13.1%
Index fund managers	8	1	2	0	+1.2M	+103.3%
Other institutions	30	33	18	12	−351K	−7.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Freightcar America.

Only managers that filed a holdings report for both quarters are compared (105 here). 3 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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