Sandler Capital Management’s Norfolk Southern NSC Stock Holding History

Sandler 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
2020 Q4	–	Sell	-56,243	Closed	-$12M	–	93
2020 Q3	$12M	Buy	+56,243	New	+$11.3M	1.21%	31
2019 Q4	–	Sell	-1,500	Closed	-$269K	–	107
2019 Q3	$269K	Hold	1,500	–	–	0.02%	100
2019 Q2	$299K	Buy	+1,500	New	+$298K	0.02%	125
2019 Q1	–	Sell	-15,970	Closed	-$2.39M	–	137
2018 Q4	$2.39M	Sell	15,970 -54,844	-77%	-$9.02M	0.2%	72
2018 Q3	$12.8M	Buy	+70,814	New	+$12.1M	0.65%	53
2017 Q4	–	Sell	-82,100	Closed	-$10.9M	–	141
2017 Q3	$10.9M	Buy	82,100 +46,450	+130%	+$5.65M	1.35%	22
2017 Q2	$4.34M	Buy	+35,650	New	+$4.19M	0.47%	78
2017 Q1	–	Sell	-156,550	Closed	-$16.9M	–	208
2016 Q4	$16.9M	Buy	+156,550	New	+$15.8M	1.52%	10
2016 Q3	–	Sell	-34,910	Closed	-$2.97M	–	131
2016 Q2	$2.97M	Sell	34,910 -39,190	-53%	-$3.33M	0.39%	80
2016 Q1	$6.17M	Buy	+74,100	New	+$5.6M	0.75%	64

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

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

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

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

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

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

Sandler Capital Management's NSC Position: Q4 2020 in Review

Sandler Capital Management sold out of Norfolk Southern (NSC) in Q4 2020, closing a stake of 56,243 shares — an estimated $12M sold.

Sandler Capital Management first reported a position in NSC in Q1 2016 and held it in 10 quarters. The position peaked at $16.9M in Q4 2016. 1,453 funds tracked by Wall St. Rank hold NSC as of Q4 2020.

Sandler Capital Management reported no remaining Norfolk Southern position as of Q4 2020 after selling out during the quarter.
Sandler Capital Management sold 56,243 Norfolk Southern shares in Q4 2020, an estimated $12M.
Sandler Capital Management first reported a position in Norfolk Southern in Q1 2016 and held it in 10 quarters.
Sandler Capital Management's Norfolk Southern position peaked at $16.9M in Q4 2016.
1,453 funds tracked by Wall St. Rank held Norfolk Southern as of Q4 2020.

Based on Sandler Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.