Palestra Capital Management’s Norfolk Southern NSC Stock Holding History

Palestra Capital Management’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
2022 Q3	–	Sell	-828,620	Closed	-$188M	–	20
2022 Q2	$188M	Buy	828,620 +256,740	+45%	+$63.1M	8.9%	4
2022 Q1	$163M	Sell	571,880 -60,430	-10%	-$16.7M	5.08%	10
2021 Q4	$188M	Buy	+632,310	New	+$177M	5.45%	8
2021 Q3	–	Sell	-821,500	Closed	-$218M	–	36
2021 Q2	$218M	Buy	821,500 +352,720	+75%	+$97.4M	4.69%	9
2021 Q1	$126M	Buy	+468,780	New	+$119M	2.64%	21
2020 Q2	–	Sell	-653,559	Closed	-$95.4M	–	30
2020 Q1	$95.4M	Sell	653,559 -99,675	-13%	-$18.4M	3.09%	15
2019 Q4	$146M	Sell	753,234 -178,764	-19%	-$33.5M	4.35%	9
2019 Q3	$167M	Buy	931,998 +129,115	+16%	+$23.8M	5.52%	4
2019 Q2	$160M	Sell	802,883 -38,557	-5%	-$7.65M	4.65%	8
2019 Q1	$157M	Buy	841,440 +213,640	+34%	+$37M	5.15%	6
2018 Q4	$93.9M	Sell	627,800 -121,200	-16%	-$19.9M	4.51%	13
2018 Q3	$135M	Buy	749,000 +129,000	+21%	+$22M	6.26%	6
2018 Q2	$93.5M	Buy	+620,000	New	+$90.6M	4.09%	12

Other funds holding NSC

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

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

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

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

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

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

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

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

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

CWA

CM Wealth Advisors Beachwood, Ohio $470M AUM 19.08% 1-Year Est. Return

Palestra Capital Management's NSC Position: Q3 2022 in Review

Palestra Capital Management sold out of Norfolk Southern (NSC) in Q3 2022, closing a stake of 828,620 shares — an estimated $188M sold.

Palestra Capital Management first reported a position in NSC in Q2 2018 and held it in 13 quarters. The position peaked at $218M in Q2 2021. 1,500 funds tracked by Wall St. Rank hold NSC as of Q3 2022.

Palestra Capital Management reported no remaining Norfolk Southern position as of Q3 2022 after selling out during the quarter.
Palestra Capital Management sold 828,620 Norfolk Southern shares in Q3 2022, an estimated $188M.
Palestra Capital Management first reported a position in Norfolk Southern in Q2 2018 and held it in 13 quarters.
Palestra Capital Management's Norfolk Southern position peaked at $218M in Q2 2021.
1,500 funds tracked by Wall St. Rank held Norfolk Southern as of Q3 2022.

Based on Palestra Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.