Farallon Capital Management has established a new, significant stake in Wabtec, a leading rail and locomotive technology provider. According to regulatory filings that disclose trades from the first quarter of 2026, the investment firm acquired 1.61 million shares valued at approximately $402.21 million. This new holding represents a 2.29% weight in Farallon's reported portfolio, highlighting a substantial allocation to the industrial company.
The investment was revealed in a delayed disclosure, with the transaction occurring before the end of March 2026. During that period, Wabtec reported strong first-quarter results, followed by another robust earnings report for the second quarter. The company also recently expanded a locomotive modernization program with Norfolk Southern and announced a large fleet upgrade with CSX, signaling strong business momentum.