WABTEC WAB
COM · Common Stock · CUSIP 929740108 · ISIN US9297401088
American transport rolling stock manufacturer
- SectorIndustrials
- IndustryRailroad Equipment
- HeadquartersPittsburgh, PA
- Founded1999
- Websitewabteccorp.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($175.0m this quarter). Holder counts are more reliable. Shares outstanding: 171.0m as of 2025-07-21, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $209.30. Options: 11 managers hold calls ($29.2m notional), 12 hold puts ($26.7m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 741 |
| Q4 2022 | 792 |
| Q1 2023 | 812 |
| Q2 2023 | 810 |
| Q3 2023 | 819 |
| Q4 2023 | 889 |
| Q1 2024 | 924 |
| Q2 2024 | 983 |
| Q3 2024 | 985 |
| Q4 2024 | 1,066 |
| Q1 2025 | 1,042 |
| Q2 2025 | 1,123 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 329 | 363 |
| Q4 2023 | 365 | 356 |
| Q1 2024 | 380 | 391 |
| Q2 2024 | 457 | 378 |
| Q3 2024 | 405 | 464 |
| Q4 2024 | 410 | 456 |
| Q1 2025 | 415 | 511 |
| Q2 2025 | 520 | 435 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $69.6m | $97.8m | 1.40 |
| Q4 2024 | $44.7m | $41.4m | 0.92 |
| Q1 2025 | $23.6m | $26.7m | 1.13 |
| Q2 2025 | $29.2m | $26.7m | 0.91 |
Biggest buyers
| Qube Research & Technologies Ltd | New | +580.9k |
| AVIVA PLC | Added | +521.1k |
| VANGUARD GROUP INC | Added | +493.4k |
| Amundi | Added | +434.4k |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +398.8k |
| PARK PRESIDIO CAPITAL LLC | Added | +308.5k |
| TWO SIGMA INVESTMENTS, LP | Added | +281.3k |
| Robeco Institutional Asset Management B.V. | Added | +280.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +275.1k |
| Beutel, Goodman & Co Ltd. | Added | +220.2k |
Biggest sellers
| BlackRock, Inc. | Reduced | -732.7k |
| Pacer Advisors, Inc. | Reduced | -720.8k |
| Select Equity Group, L.P. | Reduced | -515.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -453.2k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -440.3k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Reduced | -299.9k |
| Allianz Asset Management GmbH | Reduced | -280.9k |
| MACKENZIE FINANCIAL CORP | Reduced | -279.0k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -259.4k |
| Invesco Ltd. | Reduced | -249.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $10.1m48.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.4m44.7k shares |
| ROYAL BANK OF CANADA | New | $3.9m18.6k shares |
| JANE STREET GROUP, LLC | Added | $3.4m16.1k shares |
| WOLVERINE TRADING, LLC | New | $934.6k4.5k shares |
| SIMPLEX TRADING, LLC | Added | $460.0k2.2k shares |
| Walleye Capital LLC | Added | $376.8k1.8k shares |
| GARDA CAPITAL PARTNERS LP | Unchanged | $314.0k1.5k shares |
| SIG BROKERAGE, LP | New | $272.2k1.3k shares |
| Walleye Trading LLC | Reduced | $62.8k300 shares |
Biggest puts
| Twin Tree Management, LP | Unchanged | $12.7m60.8k shares |
| CITADEL ADVISORS LLC | Added | $8.3m39.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.4m11.5k shares |
| WOLVERINE TRADING, LLC | New | $976.1k4.7k shares |
| Cubist Systematic Strategies, LLC | Reduced | $690.9k3.3k shares |
| Walleye Capital LLC | Added | $669.9k3.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Unchanged | $355.9k1.7k shares |
| GARDA CAPITAL PARTNERS LP | Unchanged | $314.0k1.5k shares |
| Walleye Trading LLC | Reduced | $167.5k800 shares |
| MATHER GROUP, LLC. | New | $39.0k6.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution +1.1 pts · filed 2026-08-06 | 12.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 6 | $21.5m | — |
| Q4 2023 | 0 | — | 2 | $1.1m | — |
| Q1 2024 | 0 | — | 5 | $8.9m | — |
| Q2 2024 | 0 | — | 6 | $7.7m | — |
| Q3 2024 | 0 | — | 6 | $3.6m | — |
| Q4 2024 | 0 | — | 4 | $11.5m | — |
| Q1 2025 | 0 | — | 1 | $325.9k | $325.9k |
| Q2 2025 | 0 | — | 12 | $34.8m | $10.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-18 | Santana Rafael President and CEO, director | Sold plan | $178.7k886 shares |
| 2025-06-17 | Santana Rafael President and CEO, director | Sold plan | $178.3k886 shares |
| 2025-06-13 | Trombley Gina EVP Sales & Marketing | Sold | $868.4k4.3k shares |
| 2025-06-11 | Theophilus Nicole B EVP & Chief Admin. Officer | Sold | $408.3k2.0k shares |
| 2025-06-09 | Schweitzer Pascal President Transit | Sold | $823.8k4.0k shares |
| 2025-06-05 | Yates Kyra VP - Investor Relations | Sold | $283.1k1.4k shares |
| 2025-06-03 | Hehir Brian Director | Sold | $237.3k1.2k shares |
| 2025-05-27 | Gebhardt Eric Chief Technology Officer | Sold | $1.2m6.2k shares |
| 2025-05-22 | DeNinno David L Exec VP, General Counsel, Sec. | Sold | $603.1k3.0k shares |
| 2025-05-14 | Santana Rafael President and CEO, director | Sold plan | $180.2k886 shares |
| 2025-05-13 | Fetsko Michael Pres., Freight Components Grp. | Sold | $740.2k3.7k shares |
| 2025-05-13 | Santana Rafael President and CEO, director | Sold plan | $180.8k886 shares |
| 2025-05-12 | Mendonca Rogerio President, Equipment Group | Sold | $806.7k4.0k shares |
| 2025-05-08 | Hehir Brian Director | Sold | $191.4k1.0k shares |
| 2025-05-05 | Leroux Lilian EVP Chief Strategy Officer | Sold | $1.4m7.5k shares |
| 2025-05-02 | Santana Rafael President and CEO, director | Sold | $13.2m68.8k shares |
| 2025-05-02 | DeNinno David L Exec VP, General Counsel, Sec. | Sold | $575.5k3.0k shares |
| 2025-04-25 | Schweitzer Pascal President Transit | Sold | $738.5k4.0k shares |
| 2025-04-24 | Jain Nalin President, Digital Electronics | Sold | $2.0m10.5k shares |
| 2025-04-03 | Santana Rafael President and CEO, director | Sold plan | $9.8m55.9k shares |
| 2025-04-02 | Santana Rafael President and CEO, director | Sold plan | $164.0k886 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 19.9m $4.2bn | Added +493.4k |
| BlackRock, Inc. 0.06% of their portfolio | 13.9m $2.9bn | Reduced -732.7k |
| FMR LLC 0.16% of their portfolio | 13.4m $2.8bn | Added +22.6k |
| STATE STREET CORP 0.06% of their portfolio | 7.5m $1.6bn | Added +13.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.16% of their portfolio | 6.6m $1.4bn | Added +83.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.30% of their portfolio | 4.5m $941.5m | Reduced -222.4k |
| Invesco Ltd. 0.16% of their portfolio | 4.4m $924.2m | Reduced -249.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 4.3m $893.8m | Added +30.5k |
| Select Equity Group, L.P. 3.62% of their portfolio | 4.1m $849.9m | Reduced -515.6k |
| FIL Ltd 0.67% of their portfolio | 3.7m $778.8m | Reduced -133.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.12% of their portfolio | 3.2m $667.4m | Reduced -440.3k |
| Boston Partners 0.52% of their portfolio | 2.3m $471.4m | Added +186.2k |
| MORGAN STANLEY 0.03% of their portfolio | 2.2m $464.4m | Reduced -31.0k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 2.0m $410.8m | Reduced -19.2k |
| Beutel, Goodman & Co Ltd. 2.12% of their portfolio | 1.8m $372.5m | Added +220.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.7m $365.4m | Reduced -453.2k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 1.7m $355.5m | Reduced -11.7k |
| NORGES BANK 0.04% of their portfolio | 1.7m $347.2m | Reduced -178.7k |
| Amundi 0.12% of their portfolio | 1.6m $345.4m | Added +434.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.31% of their portfolio | 1.6m $333.1m | Added +398.8k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.5m $319.8m | Reduced -210.9k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 1.25% of their portfolio | 1.3m $273.9m | Reduced -299.9k |
| RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio | 1.2m $253.3m | Reduced -72.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.55% of their portfolio | 1.2m $242.7m | Reduced -18.3k |
| BESSEMER GROUP INC 0.39% of their portfolio | 1.2m $241.8m | Reduced -1.4k |
| AMERICAN CENTURY COMPANIES INC 0.13% of their portfolio | 1.2m $240.8m | Added +12.7k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.56% of their portfolio | 1.1m $236.5m | Added +37.7k |
| Legal & General Group Plc 0.06% of their portfolio | 1.1m $227.8m | Reduced -85.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.0m $219.4m | Added +15.8k |
| Nuveen, LLC 0.06% of their portfolio | 1.0m $218.2m | Added +63.7k |
| AustralianSuper Pty Ltd 0.93% of their portfolio | 874.1k $183.0m | Added +90.4k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 851.6k $178.3m | Reduced -59.4k |
| Robeco Institutional Asset Management B.V. 0.26% of their portfolio | 778.2k $162.9m | Added +280.1k |
| JANUS HENDERSON GROUP PLC 0.08% of their portfolio | 759.3k $159.0m | Reduced -210.2k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 709.2k $148.5m | Reduced -174.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 701.9k $146.9m | Reduced -47.5k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 697.1k $145.9m | Reduced -259.4k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 690.6k $144.6m | Reduced -223.1k |
| BRISTOL JOHN W & CO INC /NY/ 2.32% of their portfolio | 683.3k $143.1m | Reduced -154.0k |
| Burgundy Asset Management Ltd. 1.31% of their portfolio | 641.3k $134.3m | Added +167.5k |
| BARCLAYS PLC 0.05% of their portfolio | 619.2k $129.6m | Added +151.7k |
| Santori & Peters, Inc. 45.62% of their portfolio | 602.3k $126.1m | Added +1.2k |
| Qube Research & Technologies Ltd 0.17% of their portfolio | 580.9k $121.6m | New |
| MACKENZIE FINANCIAL CORP 0.15% of their portfolio | 567.7k $118.8m | Reduced -279.0k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 537.8k $112.6m | Added +26.4k |
| PNC Financial Services Group, Inc. 0.07% of their portfolio | 530.5k $111.1m | Added +1.6k |
| AVIVA PLC 0.23% of their portfolio | 527.7k $110.5m | Added +521.1k |
| Swiss National Bank 0.06% of their portfolio | 517.5k $108.3m | Added +32.7k |
| PARK PRESIDIO CAPITAL LLC 11.34% of their portfolio | 511.0k $107.0m | Added +308.5k |
| Man Group plc 0.23% of their portfolio | 504.1k $105.5m | Added +176.0k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 489.3k $102.4m | Added +153.9k |
| Candriam S.C.A. 0.56% of their portfolio | 465.0k $97.4m | Added +32.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 439.1k $91.9m | Added +35.1k |
| First Pacific Advisors, LP 1.31% of their portfolio | 436.0k $91.3m | Added +6.0k |
| Bristol Gate Capital Partners Inc. 4.76% of their portfolio | 399.6k $83.7m | Reduced -89.8k |
| CITIGROUP INC 0.05% of their portfolio | 370.6k $77.6m | Reduced -30.1k |
| PZENA INVESTMENT MANAGEMENT LLC 0.25% of their portfolio | 360.7k $75.5m | Added +16.6k |
| California Public Employees Retirement System 0.05% of their portfolio | 359.8k $75.3m | Added +19.6k |
| TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio | 355.0k $74.3m | Added +281.3k |
| BLAIR WILLIAM & CO/IL 0.20% of their portfolio | 352.3k $73.8m | Reduced -20.3k |
| UBS Group AG 0.02% of their portfolio | 351.3k $73.5m | Reduced -123.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 331.1k $69.3m | Added +24.9k |
| TWO SIGMA ADVISERS, LP 0.14% of their portfolio | 330.8k $69.3m | Reduced -79.4k |
| FEDERATED HERMES, INC. 0.13% of their portfolio | 324.7k $68.0m | Reduced -1.2k |
| Ensign Peak Advisors, Inc 0.12% of their portfolio | 323.8k $67.8m | Reduced -3.9k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 320.5k $67.1m | Reduced -28.8k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 319.5k $66.9m | Added +6.0k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 314.2k $65.7m | Reduced -52.1k |
| Assenagon Asset Management S.A. 0.10% of their portfolio | 308.9k $64.7m | Reduced -173.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 296.0k $62.0m | Added +22.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 294.2k $61.6m | Added +1.4k |
| Alyeska Investment Group, L.P. 0.22% of their portfolio | 291.1k $60.9m | Reduced -5.2k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 289.0k $60.5m | Added +275.1k |
| PANAGORA ASSET MANAGEMENT INC 0.27% of their portfolio | 288.8k $60.5m | Reduced -201 |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 287.8k $60.2m | Reduced -183.1k |
| TD Asset Management Inc 0.05% of their portfolio | 286.8k $60.0m | Added +6.7k |
| Varenne Capital Partners 14.63% of their portfolio | 277.1k $58.0m | Added +78.4k |
| National Pension Service 0.05% of their portfolio | 273.1k $57.2m | Added +2.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 270.9k $56.7m | Reduced -109.9k |
| Vantage Investment Partners, LLC 4.08% of their portfolio | 267.6k $56.0m | Added +11.3k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 259.3k $54.4m | Added +27.9k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 258.2k $54.1m | Added +94.4k |
| PINEBRIDGE INVESTMENTS, L.P. 0.41% of their portfolio | 245.3k $51.4m | Reduced -8.9k |
| BECK MACK & OLIVER LLC 0.97% of their portfolio | 241.8k $50.6m | Reduced -7.0k |
| DJE Kapital AG 1.21% of their portfolio | 239.0k $50.0m | Reduced -31.9k |
| VALUE HOLDINGS MANAGEMENT CO. LLC 8.61% of their portfolio | 232.9k $48.8m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 232.1k $48.6m | Reduced -225.5k |
| Erste Asset Management GmbH 0.40% of their portfolio | 231.9k $48.1m | Reduced -31.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 231.6k $48.5m | Reduced -32.2k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 229.2k $48.0m | Added +11.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 224.1k $46.9m | Reduced -3.9k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.44% of their portfolio | 221.9k $46.5m | Added +91.4k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 213.9k $44.8m | Added +211.5k |
| Point72 Asset Management, L.P. 0.11% of their portfolio | 213.8k $44.8m | Added +173.7k |
| Aberdeen Group plc 0.08% of their portfolio | 212.3k $44.5m | Added +930 |
| Border to Coast Pensions Partnership Ltd 0.77% of their portfolio | 201.0k $42.1m | Unchanged |
| STRS OHIO 0.16% of their portfolio | 200.9k $42.1m | Added +129.0k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 198.7k $41.6m | New |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 195.5k $40.9m | Added +111.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 193.9k $40.6m | Reduced -6.6k |