Cambiar Investors’s Norfolk Southern NSC Stock Holding History

Cambiar Investors’s Portfolio NSC Stock Details NSC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-417,280	Closed	-$45.1M	–	160
2016 Q4	$45.1M	Sell	417,280 -188,757	-31%	-$19.1M	0.77%	41
2016 Q3	$58.8M	Sell	606,037 -130,597	-18%	-$11.9M	0.86%	40
2016 Q2	$62.7M	Sell	736,634 -42,920	-6%	-$3.65M	0.89%	39
2016 Q1	$64.9M	Buy	+779,554	New	+$58.9M	0.93%	38
2015 Q4	–	Sell	-441,146	Closed	-$33.7M	–	166
2015 Q3	$33.7M	Buy	+441,146	New	+$35.8M	0.5%	81
2014 Q1	–	Sell	-1,118,581	Closed	-$104M	–	157
2013 Q4	$104M	Sell	1,118,581 -53,981	-5%	-$4.63M	1.53%	25
2013 Q3	$90.7M	Sell	1,172,562 -100,077	-8%	-$7.5M	1.48%	33
2013 Q2	$92.5M	Buy	+1,272,639	New	+$97.2M	1.49%	31

Other funds holding NSC

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Lazard Asset Management New York $60.8B AUM 22.47% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

Cambiar Investors's NSC Position: Q1 2017 in Review

Cambiar Investors sold out of Norfolk Southern (NSC) in Q1 2017, closing a stake of 417,280 shares — an estimated $45.1M sold.

Cambiar Investors first reported a position in NSC in Q2 2013 and held it in 8 quarters. The position peaked at $104M in Q4 2013. 1,033 funds tracked by Wall St. Rank hold NSC as of Q1 2017.

Cambiar Investors reported no remaining Norfolk Southern position as of Q1 2017 after selling out during the quarter.
Cambiar Investors sold 417,280 Norfolk Southern shares in Q1 2017, an estimated $45.1M.
Cambiar Investors first reported a position in Norfolk Southern in Q2 2013 and held it in 8 quarters.
Cambiar Investors's Norfolk Southern position peaked at $104M in Q4 2013.
1,033 funds tracked by Wall St. Rank held Norfolk Southern as of Q1 2017.

Based on Cambiar Investors's 13F filing for Q1 2017, filed 3 May 2017.