Ownership Profile

Shareholder Breakdown
Shareholder Holders Values ($) % O/S Shares
Institution 194 848 99.32 18,953,788
Mutual Fund 223 185 22.88 4,367,217
Institutional Shareholder Rotation
Shareholder Holders Values Change ($) % O/S Shares Change
Buyers 82 34.16 3.97 757,688
Sellers 73 -18.22 2.13 -406,688
Net -- 15.94 1.84 351,000
Institutional Shareholder Concentration
Shareholder Values ($) % O/S Shares
Top 10 Inst. 728 85.42 16,300,780
Top 20 Inst. 777.69 91.12 17,389,074
Top 50 Inst. 823.81 96.53 18,421,253
Total Inst. 823.81 96.53 18,421,253
Institutional Shareholder Style
Shareholder Holders Values ($) % O/S Shares
Index 29 107 12.35 2,355,974
AggresGr 3 2 0.25 48,203
CoreGrowth 35 85 9.80 1,870,582
Growth 5 1 0.16 31,089
IncomeValue 4 14 1.64 313,190
Yield 3 0 0.04 7,041
BrokerDealer 15 13 1.51 287,753
GARP 16 15 1.72 327,631
HedgeFund 18 547 64.24 12,258,761
Specialty 1 0 0.03 6,213
CoreValue 22 28 3.43 654,000
DeepValue 8 30 3.50 667,945
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 02/24/2017
Dimensional Fund Advisors, L.P. 1,391,294 7.29 941 12/31/2016
The Vanguard Group, Inc. 1,074,116 5.63 30,428 12/31/2016
LSV Asset Management 450,419 2.36 9,313 12/31/2016
BlackRock Institutional Trust Company, N.A. 450,286 2.36 33,748 12/31/2016
James Investment Research Inc. 284,325 1.49 -11,700 03/31/2017
Arrowstreet Capital, Limited Partnership 216,369 1.13 24,229 12/31/2016
Norges Bank Investment Management (NBIM) 197,902 1.04 181,410 12/31/2016
State Street Global Advisors (US) 182,501 0.96 3,728 12/31/2016
Royce & Associates, LP 182,300 0.96 -6,800 12/31/2016
Mellon Capital Management Corporation 157,986 0.83 43,052 12/31/2016
First Trust Advisors L.P. 151,270 0.79 87,756 12/31/2016
Allianz Global Investors GmbH 130,351 0.68 -18,071 12/31/2016
Northern Trust Investments, Inc. 121,920 0.64 9,900 12/31/2016
New Amsterdam Partners, LLC 118,899 0.62 27,583 12/31/2016
Morgan Stanley Wealth Management 91,316 0.48 -482 12/31/2016
Allianz Global Investors U.S. LLC 89,066 0.47 4,582 12/31/2016
Bank of America Merrill Lynch (US) 86,040 0.45 2,602 12/31/2016
Two Sigma Investments, LP 73,446 0.38 -29,469 12/31/2016
California Public Employees' Retirement System 68,000 0.36 -1,700 12/31/2016
Geode Capital Management, L.L.C. 67,522 0.35 3,850 12/31/2016
Horizon Kinetics LLC 67,277 0.35 -16,991 12/31/2016
AFAM Capital, Inc. 63,603 0.33 -1,233 12/31/2016
Mackenzie Financial Corporation 61,137 0.32 58,728 12/31/2016
Wells Fargo Advisors 61,020 0.32 -2,946 03/31/2017
Validea Capital Management, LLC 50,700 0.27 600 02/28/2017
Fiera Capital Corporation 50,100 0.26 -5,300 12/31/2016
KBC Group NV 38,200 0.20 -2,861 12/31/2016
TIAA Global Asset Management 38,117 0.20 637 12/31/2016
Northern Trust Global Investments 37,051 0.19 4,434 12/31/2016
Bridgeway Capital Management, Inc. 36,900 0.19 -8,000 12/31/2016
BlackRock Investment Management, LLC 32,851 0.17 -408 12/31/2016
LPL Financial LLC 30,642 0.16 -11,434 12/31/2016
Credit Suisse Securities (USA) LLC 29,157 0.15 14,195 12/31/2016
Charles Schwab Investment Management, Inc. 28,987 0.15 -3,090 12/31/2016
Hotchkis and Wiley Capital Management, LLC 27,700 0.15 27,700 02/28/2017
Horrell Capital Management, Inc. 27,260 0.14 100 03/31/2017
Quantitative Management Associates LLC 25,374 0.13 25,374 12/31/2016
NISA Investment Advisors, L.L.C. 25,000 0.13 -10,000 03/31/2017
Invesco PowerShares Capital Management LLC 24,652 0.13 688 12/31/2016
KBC Fund Management Limited 23,496 0.12 -12,057 02/29/2016
Morgan Stanley & Co. LLC 22,570 0.12 6,747 12/31/2016
Granahan Investment Management, Inc. 21,902 0.11 0 12/31/2016
Parametric Portfolio Associates LLC 21,028 0.11 1,024 12/31/2016
Citi Investment Research (US) 20,902 0.11 14,533 12/31/2016
PNC Capital Advisors, LLC 20,725 0.11 5,421 12/31/2016
Hutchin Hill Capital, LP 20,500 0.11 -5,800 12/31/2016
BNY Mellon Asset Management 19,525 0.10 -1,064 12/31/2016
AQR Capital Management, LLC 19,462 0.10 133 12/31/2016
Susquehanna Financial Group, LLLP 18,819 0.10 -16,603 12/31/2016

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