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 ($212.5m this quarter). Holder counts are more reliable. Shares outstanding: 169.7m as of 2026-04-17, 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 ≈ $249.32. Options: 9 managers hold calls ($23.6m notional), 14 hold puts ($13.5m).
Trends to Q1 2026
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 |
| Q3 2025 | 1,093 |
| Q4 2025 | 1,127 |
| Q1 2026 | 1,164 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 457 | 378 |
| Q3 2024 | 405 | 464 |
| Q4 2024 | 410 | 456 |
| Q1 2025 | 415 | 511 |
| Q2 2025 | 520 | 435 |
| Q3 2025 | 450 | 493 |
| Q4 2025 | 448 | 468 |
| Q1 2026 | 518 | 476 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $29.2m | $26.7m | 0.91 |
| Q3 2025 | $32.2m | $18.1m | 0.56 |
| Q4 2025 | $15.0m | $11.5m | 0.77 |
| Q1 2026 | $23.6m | $13.5m | 0.57 |
Biggest buyers
| FMR LLC | Added | +811.5k |
| Assenagon Asset Management S.A. | Added | +632.2k |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +486.5k |
| JPMORGAN CHASE & CO | Added | +407.6k |
| MORGAN STANLEY | Added | +394.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +386.4k |
| BlackRock, Inc. | Added | +315.2k |
| Bank Julius Baer & Co. Ltd, Zurich | Added | +276.9k |
| TOMS Capital Investment Management LP | New | +272.0k |
| GOLDMAN SACHS GROUP INC | Added | +261.9k |
Biggest sellers
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Reduced | -866.6k |
| Select Equity Group, L.P. | Reduced | -635.8k |
| Junto Capital Management LP | Sold out | -543.2k |
| AustralianSuper Pty Ltd | Reduced | -413.3k |
| BESSEMER GROUP INC | Reduced | -380.5k |
| BRISTOL JOHN W & CO INC /NY/ | Sold out | -327.3k |
| HSBC HOLDINGS PLC | Reduced | -260.2k |
| Balyasny Asset Management L.P. | Reduced | -247.9k |
| UBS Group AG | Reduced | -245.1k |
| Varenne Capital Partners | Reduced | -244.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.1m44.5k shares |
| CITADEL ADVISORS LLC | Reduced | $4.5m18.0k shares |
| JANE STREET GROUP, LLC | Added | $3.6m14.4k shares |
| IMC-Chicago, LLC | New | $3.4m13.8k shares |
| SIMPLEX TRADING, LLC | Added | $474.8k1.9k shares |
| Squarepoint Ops LLC | New | $224.9k900 shares |
| Walleye Capital LLC | Reduced | $149.9k600 shares |
| Capula Management Ltd | Not comparable | $75.0k300 shares |
| Walleye Trading LLC | Reduced | $25.0k100 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.5m13.9k shares |
| LOGAN CAPITAL MANAGEMENT INC | New | $1.7m6.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.7m6.8k shares |
| Walleye Trading LLC | Added | $1.4m5.7k shares |
| Twin Tree Management, LP | New | $1.4m5.5k shares |
| Squarepoint Ops LLC | New | $749.7k3.0k shares |
| IMC-Chicago, LLC | New | $649.8k2.6k shares |
| Walleye Capital LLC | New | $649.8k2.6k shares |
| JANE STREET GROUP, LLC | Added | $624.8k2.5k shares |
| TWO SIGMA INVESTMENTS, LP | New | $499.8k2.0k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 1 | $1.4m | $1.4m |
| Q4 2025 | 0 | — | 7 | $8.5m | $2.2m |
| Q1 2026 | 0 | — | 7 | $9.7m | $2.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-12 | Trombley Gina EVP Sales & Marketing | Sold | $970.6k4.0k shares |
| 2026-03-10 | Santana Rafael President and CEO, director | Sold plan | $289.4k1.2k shares |
| 2026-03-09 | Santana Rafael President and CEO, director | Sold plan | $282.7k1.2k shares |
| 2026-02-26 | Gaur Sameer Pres., Global Freight Services | Sold | $302.0k1.1k shares |
| 2026-02-25 | Jain Nalin President, Digital Electronics | Sold | $2.1m7.9k shares |
| 2026-02-24 | Olin John A Executive Vice President & CFO | Sold | $2.9m11.0k shares |
| 2026-02-20 | Mendonca Rogerio President, Equipment Group | Sold | $924.7k3.5k shares |
| 2026-02-19 | Sbrocco Gregory EVP Operations | Sold plan | $246.0k952 shares |
| 2026-02-11 | Santana Rafael President and CEO, director | Sold plan | $455.3k1.8k shares |
| 2026-02-10 | Santana Rafael President and CEO, director | Sold plan | $441.8k1.8k shares |
| 2026-01-06 | Santana Rafael President and CEO, director | Sold plan | $395.8k1.8k shares |
| 2026-01-05 | Santana Rafael President and CEO, director | Sold plan | $391.4k1.8k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.26% of their portfolio | 19.7m $4.9bn | Added +811.5k |
| BlackRock, Inc. 0.06% of their portfolio | 13.7m $3.4bn | Added +315.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 11.1m $2.8bn | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.23% of their portfolio | 8.0m $2.0bn | Added +37.3k |
| STATE STREET CORP 0.07% of their portfolio | 7.7m $1.9bn | Added +82.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.09% of their portfolio | 7.2m $1.8bn | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 4.6m $1.1bn | Added +191.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.81% of their portfolio | 3.6m $863.9m | Added +486.5k |
| FIL Ltd 0.68% of their portfolio | 3.5m $875.2m | Reduced -154.6k |
| Select Equity Group, L.P. 3.89% of their portfolio | 2.9m $730.6m | Reduced -635.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.12% of their portfolio | 2.5m $627.3m | Reduced -158.1k |
| MORGAN STANLEY 0.04% of their portfolio | 2.5m $615.5m | Added +394.6k |
| Invesco Ltd. 0.05% of their portfolio | 2.1m $532.8m | Reduced -59.2k |
| Boston Partners 0.51% of their portfolio | 2.0m $489.3m | Reduced -53.3k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 1.7m $431.0m | Reduced -14.9k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 1.7m $431.1m | Reduced -16.5k |
| Beutel, Goodman & Co Ltd. 2.79% of their portfolio | 1.6m $412.1m | Reduced -94.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.14% of their portfolio | 1.6m $408.3m | Reduced -65.7k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 2.38% of their portfolio | 1.6m $402.2m | Reduced -866.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.4m $347.6m | Reduced -118.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.4m $327.9m | Added +407.6k |
| AQR CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 1.3m $328.4m | Reduced -33.9k |
| AMERICAN CENTURY COMPANIES INC 0.16% of their portfolio | 1.2m $306.3m | Added +67.7k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 1.2m $296.7m | Added +261.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.1m $279.8m | Added +48.2k |
| Amundi 0.07% of their portfolio | 1.1m $274.6m | Reduced -59.0k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.78% of their portfolio | 1.1m $264.1m | Added +6.4k |
| Nuveen, LLC 0.07% of their portfolio | 1.0m $257.4m | Added +10.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.52% of their portfolio | 992.4k $248.0m | Reduced -147.8k |
| Legal & General Group Plc 0.06% of their portfolio | 974.5k $243.5m | Reduced -95.4k |
| VANGUARD FIDUCIARY TRUST CO 0.06% of their portfolio | 959.9k $239.9m | First filing |
| AVIVA PLC 0.36% of their portfolio | 851.9k $212.9m | Reduced -120.0k |
| Assenagon Asset Management S.A. 0.34% of their portfolio | 851.7k $212.9m | Added +632.2k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 833.4k $208.3m | Reduced -64.6k |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 821.2k $205.2m | Reduced -64.0k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 794.0k $198.4m | Reduced -18.0k |
| UBS Group AG 0.03% of their portfolio | 781.1k $195.2m | Reduced -245.1k |
| RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio | 749.8k $181.0m | Reduced -63.3k |
| BESSEMER GROUP INC 0.28% of their portfolio | 717.4k $179.3m | Reduced -380.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 667.7k $166.9m | Added +22.3k |
| Alyeska Investment Group, L.P. 0.44% of their portfolio | 620.0k $154.9m | Reduced -10.9k |
| Santori & Peters, Inc. 46.86% of their portfolio | 602.3k $150.5m | Added +2 |
| PointState Capital LP 3.49% of their portfolio | 600.7k $150.1m | Added +42.3k |
| PNC Financial Services Group, Inc. 0.08% of their portfolio | 564.5k $141.1m | Added +29.0k |
| Robeco Institutional Asset Management B.V. 0.20% of their portfolio | 563.9k $140.9m | Reduced -53.6k |
| Qube Research & Technologies Ltd 0.18% of their portfolio | 502.1k $125.5m | Added +120.6k |
| Swiss National Bank 0.07% of their portfolio | 501.7k $125.4m | Added +33.3k |
| AustralianSuper Pty Ltd 0.64% of their portfolio | 495.0k $123.7m | Reduced -413.3k |
| PARK PRESIDIO CAPITAL LLC 8.64% of their portfolio | 492.7k $123.1m | Reduced -87.5k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 473.9k $101.2m | Added +40.8k |
| BARCLAYS PLC 0.04% of their portfolio | 473.3k $118.3m | Added +195.5k |
| PINEBRIDGE INVESTMENTS LLC 0.87% of their portfolio | 411.2k $102.8m | Reduced -42.0k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 393.9k $98.0m | Added +31.8k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 393.0k $98.2m | Added +10.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.09% of their portfolio | 386.9k $96.7m | Added +386.4k |
| PFA Pension, Forsikringsaktieselskab 0.29% of their portfolio | 385.4k $96.3m | Reduced -1 |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 382.3k $95.5m | Added +16.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 375.7k $93.9m | Reduced -21.4k |
| KBC Group NV 0.23% of their portfolio | 373.7k $93.4m | Reduced -116.0k |
| Vanguard Global Advisers, LLC 0.05% of their portfolio | 372.2k $93.0m | First filing |
| PZENA INVESTMENT MANAGEMENT LLC 0.30% of their portfolio | 367.8k $91.9m | Added +1.3k |
| California Public Employees Retirement System 0.06% of their portfolio | 367.7k $91.9m | Reduced -3.4k |
| Bristol Gate Capital Partners Inc. 5.74% of their portfolio | 356.7k $89.1m | Reduced -24.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 353.5k $88.3m | Added +88.2k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 351.8k $87.7m | Reduced -260.2k |
| Candriam S.C.A. 0.43% of their portfolio | 331.5k $82.8m | Reduced -115.5k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 321.2k $80.3m | Reduced -4.5k |
| Impax Asset Management Group plc 0.55% of their portfolio | 318.4k $79.6m | Added +112.0k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 313.4k $78.3m | Added +1.0k |
| FEDERATED HERMES, INC. 0.13% of their portfolio | 313.2k $78.3m | Reduced -30.5k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 311.9k $77.9m | Added +221.4k |
| Man Group plc 0.16% of their portfolio | 304.7k $76.1m | Added +56.5k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 291.1k $72.8m | Added +14.5k |
| TD Asset Management Inc 0.06% of their portfolio | 284.4k $71.1m | Reduced -6.2k |
| BLAIR WILLIAM & CO/IL 0.20% of their portfolio | 283.9k $70.9m | Reduced -11.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 281.9k $70.4m | Reduced -6.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.06% of their portfolio | 278.1k $69.5m | First filing |
| Bank Julius Baer & Co. Ltd, Zurich 0.21% of their portfolio | 277.6k $68.5m | Added +276.9k |
| TOMS Capital Investment Management LP 4.47% of their portfolio | 272.0k $68.0m | New |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 268.3k $67.1m | Added +4.6k |
| TREMBLANT CAPITAL GROUP 2.15% of their portfolio | 267.9k $66.9m | Reduced -30.3k |
| National Pension Service 0.05% of their portfolio | 263.8k $65.9m | Reduced -24.8k |
| First Pacific Advisors, LP 0.91% of their portfolio | 260.7k $65.2m | Reduced -183.8k |
| Caisse de depot et placement du Quebec 0.10% of their portfolio | 259.0k $64.7m | Added +3.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 252.2k $63.0m | Added +26.3k |
| Erste Asset Management GmbH 0.53% of their portfolio | 239.9k $57.2m | Added +36.5k |
| Border to Coast Pensions Partnership Ltd 0.99% of their portfolio | 232.8k $58.4m | Added +19.3k |
| VALUE HOLDINGS MANAGEMENT CO. LLC 9.36% of their portfolio | 230.9k $57.7m | Reduced -2.0k |
| BECK MACK & OLIVER LLC 1.18% of their portfolio | 229.2k $57.3m | Reduced -1.8k |
| Aberdeen Group plc 0.09% of their portfolio | 220.7k $55.2m | Added +5.8k |
| Maple Rock Capital Partners Inc. 1.75% of their portfolio | 215.4k $53.8m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.08% of their portfolio | 212.4k $53.1m | Added +205.4k |
| SG Americas Securities, LLC 0.06% of their portfolio | 206.1k $51.5m | Added +53.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.21% of their portfolio | 205.7k $51.4m | Reduced -94.1k |
| Vantage Investment Partners, LLC 3.54% of their portfolio | 205.1k $51.3m | Reduced -62.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.08% of their portfolio | 196.8k $49.1m | Added +11.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 196.7k $49.1m | Added +6.6k |
| Vontobel Holding Ltd. 0.17% of their portfolio | 194.4k $48.6m | Added +30.9k |
| MACKENZIE FINANCIAL CORP 0.06% of their portfolio | 193.8k $48.4m | Reduced -86.9k |
| Ensign Peak Advisors, Inc 0.09% of their portfolio | 191.7k $47.9m | Reduced -5.4k |