Ownership Profile

Shareholder Breakdown
Shareholder Holders Values ($) % O/S Shares
Institution 184 772 98.32 18,763,781
Mutual Fund 222 185 22.44 4,282,739
Institutional Shareholder Rotation
Shareholder Holders Values Change ($) % O/S Shares Change
Buyers 66 24.00 2.97 566,213
Sellers 89 -28.28 3.54 -676,165
Net -- -4.27 0.57 -109,952
Institutional Shareholder Concentration
Shareholder Values ($) % O/S Shares
Top 10 Inst. 674 85.77 16,368,113
Top 20 Inst. 716.46 91.24 17,412,063
Top 50 Inst. 753.84 95.99 18,318,994
Total Inst. 753.84 95.99 18,318,994
Institutional Shareholder Style
Shareholder Holders Values ($) % O/S Shares
Index 27 97 12.37 2,360,329
AggresGr 3 2 0.25 48,203
CoreGrowth 37 77 9.85 1,880,648
Growth 5 1 0.17 31,589
IncomeValue 4 15 1.85 353,180
Yield 2 0 0.00 188
BrokerDealer 12 9 1.11 212,521
GARP 13 10 1.34 256,029
HedgeFund 16 497 63.38 12,095,054
Specialty 1 0 0.03 6,213
CoreValue 20 26 3.17 605,328
DeepValue 9 31 3.95 753,292
Momentum 1 0 0.00 357
Top Holders: Institutional Investor
Holder Shares Held % O/S Shares Change Filing Date
Icahn Associates Corporation 11,871,268 62.21 0 03/31/2017
Dimensional Fund Advisors, L.P. 1,388,295 7.27 -2,999 03/31/2017
The Vanguard Group, Inc. 1,097,456 5.75 23,340 03/31/2017
BlackRock Institutional Trust Company, N.A. 463,176 2.43 12,890 03/31/2017
LSV Asset Management 457,719 2.40 7,300 03/31/2017
James Investment Research Inc. 284,325 1.49 -11,700 03/31/2017
Royce & Associates, LP 226,112 1.18 43,812 03/31/2017
Norges Bank Investment Management (NBIM) 197,902 1.04 181,410 12/31/2016
First Trust Advisors L.P. 193,065 1.01 41,795 03/31/2017
State Street Global Advisors (US) 188,795 0.99 6,294 03/31/2017
Mellon Capital Management Corporation 168,361 0.88 10,375 03/31/2017
Allianz Global Investors GmbH 130,331 0.68 -20 03/31/2017
Northern Trust Investments, Inc. 121,551 0.64 -369 03/31/2017
New Amsterdam Partners, LLC 114,464 0.60 -4,435 03/31/2017
Morgan Stanley Wealth Management 102,424 0.54 11,108 03/31/2017
Arrowstreet Capital, Limited Partnership 90,935 0.48 -125,434 03/31/2017
Allianz Global Investors U.S. LLC 89,066 0.47 0 03/31/2017
Bank of America Merrill Lynch (US) 88,593 0.46 2,553 03/31/2017
Geode Capital Management, L.L.C. 69,825 0.37 2,303 03/31/2017
California Public Employees' Retirement System 68,400 0.36 400 03/31/2017
AFAM Capital, Inc. 64,441 0.34 838 03/31/2017
Wells Fargo Advisors 61,020 0.32 -2,946 03/31/2017
Mackenzie Financial Corporation 58,728 0.31 -2,409 03/31/2017
Horizon Kinetics LLC 58,131 0.30 -9,146 03/31/2017
LPL Financial LLC 46,507 0.24 15,865 03/31/2017
Bridgeway Capital Management, Inc. 36,900 0.19 0 03/31/2017
Northern Trust Global Investments 36,751 0.19 -300 03/31/2017
TIAA Global Asset Management 36,200 0.19 -1,917 03/31/2017
Brandywine Global Investment Management, LLC 34,493 0.18 34,493 03/31/2017
BlackRock Investment Management, LLC 32,593 0.17 -258 03/31/2017
Two Sigma Investments, LP 32,513 0.17 -40,933 03/31/2017
Charles Schwab Investment Management, Inc. 30,355 0.16 1,368 03/31/2017
KBC Group NV 29,200 0.15 -9,000 03/31/2017
Hotchkis and Wiley Capital Management, LLC 27,700 0.15 27,700 03/31/2017
Horrell Capital Management, Inc. 27,260 0.14 100 03/31/2017
Citadel LLC 26,034 0.14 20,124 03/31/2017
NISA Investment Advisors, L.L.C. 25,000 0.13 -10,000 03/31/2017
Wolverine Trading, LLC 23,717 0.12 23,717 03/31/2017
KBC Fund Management Limited 23,496 0.12 -12,057 02/29/2016
BNY Mellon Asset Management 22,155 0.12 2,630 03/31/2017
Granahan Investment Management, Inc. 21,902 0.11 0 12/31/2016
Parametric Portfolio Associates LLC 21,261 0.11 233 03/31/2017
Guggenheim Investments 19,370 0.10 12,172 03/31/2017
Rhumbline Advisers Ltd. Partnership 18,035 0.09 -57 03/31/2017
Wellington Management Company, LLP 17,215 0.09 57 03/31/2017
PNC Capital Advisors, LLC 16,078 0.08 -4,647 03/31/2017
Invesco PowerShares Capital Management LLC 15,671 0.08 -8,981 03/31/2017
California State Teachers Retirement System 15,260 0.08 -700 03/31/2017
AQR Capital Management, LLC 14,545 0.08 -4,917 03/31/2017
Schweizerische Nationalbank 14,400 0.08 1,400 03/31/2017

Ownership data is provided by Thomson Reuters, a third party service, and American Railcar Industries, Inc. does not maintain or provide information directly to this service.