Ownership Profile

Shareholder Breakdown
Shareholder Holders Values ($) % O/S Shares
Institution 199 855 97.45 18,866,554
Mutual Fund 222 168 20.29 3,927,972
Institutional Shareholder Rotation
Shareholder Holders Values Change ($) % O/S Shares Change
Buyers 87 33.16 3.79 733,330
Sellers 84 -25.18 2.97 -574,606
Net -- 7.97 0.82 158,724
Institutional Shareholder Concentration
Shareholder Values ($) % O/S Shares
Top 10 Inst. 737 84.05 16,272,564
Top 20 Inst. 782.18 89.20 17,270,394
Top 50 Inst. 829.48 94.56 18,308,320
Total Inst. 829.48 94.56 18,308,320
Institutional Shareholder Style
Shareholder Holders Values ($) % O/S Shares
Index 28 107 12.51 2,359,517
CoreGrowth 36 85 9.93 1,873,119
Growth 6 3 0.35 65,656
AggresGr 3 2 0.26 48,203
IncomeValue 4 14 1.66 313,190
Yield 4 0 0.04 7,351
HedgeFund 19 556 65.09 12,277,551
BrokerDealer 17 16 1.85 349,688
GARP 17 15 1.77 334,287
DeepValue 8 30 3.54 667,981
CoreValue 23 20 2.36 444,223
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 61.32 0 12/31/2016
Dimensional Fund Advisors, L.P. 1,391,294 7.19 941 12/31/2016
The Vanguard Group, Inc. 1,074,116 5.55 30,428 12/31/2016
LSV Asset Management 450,419 2.33 9,313 12/31/2016
BlackRock Institutional Trust Company, N.A. 450,286 2.33 33,748 12/31/2016
James Investment Research Inc. 296,025 1.53 103,495 12/31/2016
Arrowstreet Capital, Limited Partnership 216,369 1.12 24,229 12/31/2016
State Street Global Advisors (US) 182,501 0.94 3,728 12/31/2016
Royce & Associates, LP 182,300 0.94 -6,800 12/31/2016
Mellon Capital Management Corporation 157,986 0.82 43,052 12/31/2016
First Trust Advisors L.P. 151,270 0.78 87,756 12/31/2016
Allianz Global Investors GmbH 130,351 0.67 -18,071 12/31/2016
Northern Trust Investments, Inc. 121,920 0.63 9,900 12/31/2016
New Amsterdam Partners, LLC 118,899 0.61 27,583 12/31/2016
Morgan Stanley Wealth Management 91,316 0.47 -482 12/31/2016
Allianz Global Investors U.S. LLC 89,066 0.46 4,582 12/31/2016
Bank of America Merrill Lynch (US) 86,040 0.44 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 0.35 -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
Wells Fargo Advisors 63,966 0.33 -965 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
LPL Financial 52,883 0.27 23,752 06/30/2015
Validea Capital Management, LLC 50,100 0.26 -5,300 12/31/2016
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 Ltd. 37,051 0.19 4,434 12/31/2016
Bridgeway Capital Management, Inc. 36,900 0.19 -8,000 12/31/2016
Kleinwort Benson Investors Dublin Ltd 35,553 0.18 0 05/31/2015
NISA Investment Advisors, L.L.C. 35,000 0.18 35,000 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
Horrell Capital Management, Inc. 27,160 0.14 170 12/31/2016
Quantitative Management Associates LLC 25,374 0.13 25,374 12/31/2016
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 09/30/2016
Parametric Portfolio Associates LLC 21,028 0.11 1,024 12/31/2016
PNC Capital Advisors, LLC 21,012 0.11 5,708 12/31/2016
Citi Investment Research (US) 20,902 0.11 14,533 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.