RAIL
name pending profile ingest
Momentum inputs (comparable managers):
holder breadth -6.7% ·
share flow -2.8% ·
net new positions -7.1%
· formula
Broad distribution: falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 44 | +4 | 5.57M | $54.30M | +9 | −6 |
| Q1 2026 | 42 | +4 | 5.60M | $44.65M | +4 | n/a |
| Q4 2025 | 38 | 0 | 5.59M | $61.91M | +1 | −1 |
| Q3 2025 | 14 | -1 | 2.61M | $25.53M | n/a | −1 |
| Q2 2025 | 12 | +1 | 2.25M | $19.36M | +1 | n/a |
| Q1 2025 | 8 | +1 | 2.02M | $11.18M | +1 | n/a |
| Q4 2024 | 7 | +1 | 1.35M | $12.07M | +2 | −1 |
| Q3 2024 | 5 | +2 | 529.71K | $5.72M | +2 | n/a |
| Q2 2024 | 3 | n/a | 313.19K | $1.09M | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 631.03K | +2.1% | $6.17M | 0.0% | ▲ Add | 2 | SEC ↗ ×3 |
| 2 | Arrowstreet Capital ✦ | 349.64K | 0.0% | $3.42M | 0.0% | Held | 5 | SEC ↗ |
| 3 | Renaissance Technologies ✦ | 246.20K | -20.6% | $2.41M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 4 | BlackRock ✦ (passive) | 244.79K | +1.1% | $2.39M | 0.0% | ▲ Add | 2 | SEC ↗ ×3 |
| 5 | Marshall Wace ✦ | 232.02K | -2.6% | $2.27M | 0.0% | ▼ Trim | 4 | SEC ↗ ×2 |
| 6 | Morgan Stanley ✦ | 214.87K | n/a | $2.10M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 7 | JPMorgan Chase ✦ | 173.86K | n/a | $1.70M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 8 | Geode Capital Management ✦ (passive) | 166.65K | -2.5% | $1.63M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 9 | Citadel Advisors ✦ | 84.73K | +154.6% | $828,669 | 0.0% | ▲ Add | 3 | SEC ↗ |
| 10 | State Street Global Advisors ✦ (passive) | 64.99K | 0.0% | $635,632 | 0.0% | Held | 4 | SEC ↗ |
| 11 | Millennium Management ✦ | 58.48K | -53.3% | $571,915 | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 12 | Goldman Sachs Group ✦ | 52.04K | n/a | $508,932 | 0.0% | n/c | 1 | SEC ↗ |
| 13 | Two Sigma Investments ✦ | 48.96K | -37.7% | $478,809 | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 14 | D. E. Shaw & Co. ✦ | 41.69K | +189.5% | $407,689 | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Fidelity (FMR) | $8 | was 0.0% |
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.