Continental General Insurance Reduces Stake in Freightcar America

Institutional investor sells over 268,000 shares of the transportation company's stock

Mar. 14, 2026 at 8:10am

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Continental General Insurance Co. reduced its stake in Freightcar America, Inc. (NASDAQ:RAIL) by 21.5% during the third quarter, according to a recent 13F filing with the Securities & Exchange Commission. The institutional investor now owns 979,256 shares of the transportation company's stock, making it the 7th largest holding in its portfolio.

Why it matters

This move by a major institutional investor highlights the volatility and uncertainty surrounding Freightcar America's stock performance. As a specialized railroad freight car manufacturer, the company's fortunes are closely tied to broader economic conditions and transportation industry trends.

The details

According to the 13F filing, Continental General Insurance Co. sold 268,720 shares of Freightcar America stock during the third quarter. The company now owns a 5.12% stake in the transportation firm, worth approximately $9.6 million. Other hedge funds have also recently adjusted their positions in Freightcar America, with some increasing and others decreasing their holdings.

  • The 13F filing reflects Continental General Insurance Co.'s position as of the end of the third quarter of 2026.

The players

Continental General Insurance Co.

An institutional investor that owns a significant stake in Freightcar America, Inc.

Freightcar America, Inc.

A designer and manufacturer of specialized railroad freight cars, including tank cars, hoppers, gondolas, and other railcar types.

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The takeaway

This reduction in Continental General Insurance's position in Freightcar America reflects the ongoing challenges facing the transportation company, which must navigate economic conditions and industry trends to maintain its market share and profitability.