RAIL
name pending profile ingest
Momentum inputs (comparable managers):
holder breadth +9.1% ·
share flow -22.1% ·
net new positions +8.3%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 44 | +3 | 5.57M | $54.30M | +9 | −6 |
| Q1 2026 | 42 | +4 | 5.60M | $44.65M | +4 | — |
| Q4 2025 | 38 | 0 | 5.59M | $61.91M | +1 | −1 |
| Q3 2025 | 14 | -1 | 2.61M | $25.53M | — | −1 |
| Q2 2025 | 12 | +1 | 2.25M | $19.36M | +1 | — |
| Q1 2025 | 8 | +1 | 2.02M | $11.18M | +1 | — |
| Q4 2024 | 7 | +1 | 1.35M | $12.07M | +2 | −1 |
| Q3 2024 | 5 | +2 | 529.71K | $5.72M | +2 | — |
| Q2 2024 | 3 | — | 313.19K | $1.09M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 617.73K | — | $5.32M | 0.0% | n/c | 1 | SEC ↗ |
| 2 | The Vanguard Group ✦ (passive) | 617.73K | — | $5.32M | 0.0% | n/c | 1 | SEC ↗ |
| 3 | Arrowstreet Capital ✦ | 349.64K | -1.9% | $3.01M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 4 | Renaissance Technologies ✦ | 310.11K | -31.6% | $2.67M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 5 | BlackRock ✦ (passive) | 242.24K | — | $2.09M | 0.0% | n/c | 1 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 242.24K | — | $2.09M | 0.0% | n/c | 1 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 242.24K | — | $2.09M | 0.0% | n/c | 1 | SEC ↗ |
| 8 | Marshall Wace ✦ | 238.33K | +12.2% | $2.05M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 9 | Geode Capital Management ✦ (passive) | 170.88K | +0.1% | $1.47M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 10 | Geode Capital Management ✦ (passive) | 170.88K | +0.1% | $1.47M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 11 | Millennium Management ✦ | 125.29K | -79.4% | $1.08M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 12 | Two Sigma Investments ✦ | 78.59K | -2.9% | $677,420 | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 13 | State Street Global Advisors ✦ (passive) | 64.99K | +6.2% | $560,240 | 0.0% | ▲ Add | 3 | SEC ↗ |
| 14 | Citadel Advisors ✦ | 33.29K | -57.2% | $286,925 | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 15 | D. E. Shaw & Co. ✦ | 14.40K | New | $124,128 | 0.0% | New | 1 | SEC ↗ |
| 16 | Fidelity (FMR) ✦ | 1 | — | $8 | 0.0% | n/c | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| D. E. Shaw & Co. | $124,128 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 84 holders, 8.50M shares, $64.99M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.