| Ferrovia Centro-Atlantica S.A. | VSPT3 (Sao Paulo)
| Brazil | 71,058,734 |
| Union Pacific Corporation | UNP(New York Stock Exchange)
| United States | 35,794 |
| East Japan Railway Company (JR-East) | 9020(Tokyo)
| Japan | 27,181 |
| Canadian National Railway Company | CNR(Toronto)
| Canada | 25,560 |
| Norfolk Southern Corporation | NSC(New York Stock Exchange)
| United States | 19,865 |
| CSX Corporation | CSX(New York Stock Exchange)
| United States | 19,315 |
| Daqin Railway Co Ltd | 601006(Shanghai)
| China | 18,096 |
| Central Japan Railway Company | 9022(Tokyo)
| Japan | 14,844 |
| China South Locomotive & Rolling Stock | 601766(Shanghai)
| China | 9,435 |
| Canadian Pacific Railway Ltd. | CP(Toronto)
| Canada | 8,879 |
| West Japan Railway Company | 9021(Tokyo)
| Japan | 6,618 |
| Kintetsu Corporation | 9041(Tokyo)
| Japan | 5,360 |
| Tobu Railway Co., Ltd. | 9001(Tokyo)
| Japan | 4,755 |
| Guangshen Railway Company Limited | 601333(Shanghai)
| China | 4,700 |
| Kansas City Southern | KSU(New York Stock Exchange)
| United States | 3,464 |
| China Railway Erju Co Ltd | 600528(Shanghai)
| China | 2,507 |
| Zhuzhou CSR Times Electric Co Ltd | 3898(Hong Kong)
| China | 2,172 |
| Nankai Electric Railway Co., Ltd. | 9044(Tokyo)
| Japan | 2,134 |
| SMRT Corporation Limited | S53(Singapore)
| Singapore | 2,098 |
| CAF, Construcciones y Auxiliar de Ferrocarriles | CAF(Madrid)
| Spain | 2,008 |
| Westinghouse Air Brake Technologies Corp | WAB(New York Stock Exchange)
| United States | 1,955 |
| China Railway Tielong Container Logistics Co Ltd | 600125(Shanghai)
| China | 1,683 |
| Trinity Industries, Inc. | TRN(New York Stock Exchange)
| United States | 1,415 |
| Genesee & Wyoming Inc. | GWR(New York Stock Exchange)
| United States | 1,374 |
| Faiveley S.A. | LEY(Euronext Paris)
| France | 1,167 |
| Taiwan High Speed Rail Corp | 2633(Gretai)
| Taiwan | 830 |
| South Huiton Co., Ltd. | 000920(Shenzhen)
| China | 551 |
| Jinxi Axle Co. Ltd | 600495(Shanghai)
| China | 510 |
| Sanyo Electric Railway Co., Ltd. | 9052(Tokyo)
| Japan | 380 |
| Baotou Beifang Chuangye Co., Ltd | 600967(Shanghai)
| China | 339 |
| FreightCar America, Inc. | RAIL(NASDAQ)
| United States | 296 |
| Hiroshima Electric Railway Co., Ltd. | 9033(Tokyo)
| Japan | 232 |
| Shin-Keisei Electric Railway Co. | 9014(Tokyo)
| Japan | 230 |
| Trakcja Polska SA | TRK(Warsaw)
| Poland | 222 |
| American Railcar Industries, Inc | ARII(NASDAQ)
| United States | 218 |
| Tag Tegernsee Immobilien-und Beteiligungs-AG | TEG(Frankfurt)
| Germany | 207 |
| Railway Infrastructure Holding Company | RA8(Bulgarian Stock Exchange - Sofia)
| Bulgaria | 193 |
| The Greenbrier Companies, Inc. | GBX(New York Stock Exchange)
| United States | 174 |
| Tverskoy Vagonostroitelniy Zavod | TVAG(RTS Stock Exchange)
| Russia | 173 |
| FNM SpA | FNM(Italian Stock Exchange)
| Italy | 170 |
| Trancom Co., Ltd. | 9058(Tokyo)
| Japan | 165 |
| ClubLink Enterprises Ltd | CLK(Toronto)
| Canada | 163 |
| Portec Rail Products, Inc. | PRPX(NASDAQ)
| United States | 113 |
| Luganskteplovoz | LTPL(Ukrainian Stock Exchange)
| Ukraine | 109 |
| Meito Transportation Company, Ltd. | 9047(Tokyo)
| Japan | 97 |
| BLS AG | BLSN(Berne Stock Exchange)
| Switzerland | 83 |
| BVZ Holding AG | BVZN(SWX Swiss Exchange)
| Switzerland | 81 |
| Japan Oil Transportation Co., Ltd. | 9074(Tokyo)
| Japan | 72 |
| Stakhanov Ferroalloy Plant | SFER(Ukrainian Stock Exchange)
| Ukraine | 63 |
| Providence & Worcester Railroad Company | PWX(NASDAQ)
| United States | 59 |
| SMT Scharf AG | S4A(Frankfurt)
| Germany | 58 |
| Ferrocarril del Pacifico SA | FEPASA(Santiago)
| Chile | 47 |
| Kanda Holdings Co.,Ltd. | 9059(Tokyo)
| Japan | 43 |
| Compagnie de Transports au Maroc (CTM) | CTM(Casablanca)
| Morocco | 41 |
| Senkon Logistics Co., Ltd. | 9051(Jasdaq Securities Exchange)
| Japan | 40 |
| Meitetsu Transport Co., Ltd. | 9077(Tokyo)
| Japan | 36 |
| Keifuku Electric Railroad Co., Ltd. | 9049(Osaka Securities Exchange)
| Japan | 32 |
| Jarvis plc | JRVS(London)
| United Kingdom | 30 |
| Chichibu Railway Co., Ltd. | 9012(Jasdaq Securities Exchange)
| Japan | 29 |
| Lenzerheide Bergbahnen AG | LBBN(SWX Swiss Exchange)
| Switzerland | 24 |
| Taiho Transportation Co., Ltd. | 9040(Nagoya)
| Japan | 24 |
| Remarul 16 Februarie SA | REFE(Bucharest Stock Exchange)
| Romania | 18 |
| Vae Apcarom SA | APC(Bucharest Stock Exchange)
| Romania | 18 |
| Cobrasma S.A. | CBMA3(Sao Paulo)
| Brazil | 17 |
| Teutoburger Wald Eisenbahn AG | TWE(BÖAG Börsen)
| Germany | 17 |
| Chemins De Fer Departement | MLCFD(Euronext Paris)
| France | 17 |
| Kaluga Track Machine and Hydraulic Drive Works | KPMG(RTS Stock Exchange)
| Russia | 13 |
| Miju Rail Mfg. Co., Ltd | 078940(KOSDAQ)
| South Korea | 13 |
| Nebelhornbahn AG | NHB(Munich)
| Germany | 12 |
| Pioneer Railcorp | PRRR(Pink Sheets)
| United States | 11 |
| Integra Hindustan Control Ltd | 517250(Bombay)
| India | 10 |
| Fauvet Girel | FAUV(Euronext Paris)
| France | 9 |
| Berner Oberland-Bahnen AG | BOBI(SWX Swiss Exchange)
| Switzerland | 9 |
| Railcare Group AB | RAIL(Stockholm (Nasdaq OMX Group))
| Sweden | 8 |
| Agarwal Industrial Corporation Ltd | 531921(Bombay)
| India | Public |
| Altayvagon OAO | ALVG(RTS Stock Exchange)
| Russia | Public |
| Banyan Rail Services Inc. | BARA(OTC Bulletin Board)
| United States | Public |
| Berchtesgadener Bergbahn AG | BGB(Munich)
| Germany | Public |
| China CNR Corporation Limited | 601299(Shanghai)
| China | Public |
| Cimmco Birla Limited | 505230(Bombay)
| India | Public |
| Dayton & Michigan Railroad Co. | DMRR(Pink Sheets)
| United States | Public |
| DesignLine Corporation | DSLI(Pink Sheets)
| United States | Public |
| Empresa Ferroviaria Andina S.A. | FCA1U(Bolivia)
| Bolivia | Public |
| Ferroviaria Oriental S.A. | EFO1U(Bolivia)
| Bolivia | Public |
| Muromteplovoz | MURT(RTS Stock Exchange)
| Russia | Public |
| Romvag SA Caracal | ROMJ(Bucharest Stock Exchange)
| Romania | Public |
| Ruzkhimmash OAO | RUHM(RTS Stock Exchange)
| Russia | Public |
| Tatravagonka a.s. | 1TTV01AE(Bratislava)
| Slovakia | Public |
| V-Sibpromtrans OAO | VSPT(RTS Stock Exchange)
| Russia | Public |
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