Norfolk Southern
1,012 hedge funds and large institutions have $20.8B invested in Norfolk Southern in 2014 Q2 according to their latest regulatory filings, with 73 funds opening new positions, 322 increasing their positions, 379 reducing their positions, and 32 closing their positions.
128% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 32
40% more call options, than puts
Call options by funds: $208M | Put options by funds: $149M
6% more capital invested
Capital invested by funds: $19.6B → $20.8B (+$1.25B)
4.16% more ownership
Funds ownership: 60.91% → 65.07% (+4.2%)
4% more funds holding
Funds holding: 977 → 1,012 (+35)
0% more funds holding in top 10
Funds holding in top 10: 27 → 27 (0)
15% less repeat investments, than reductions
Existing positions increased: 322 | Existing positions reduced: 379
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$247M |
| 2 |
Lazard Asset Management
New York
|
+$132M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
+$103M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$67.2M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$63.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$279M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$106M |
| 3 |
CGT
Capital Guardian Trust
Los Angeles,
California
|
-$55.4M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$45.7M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$41.1M |
NSC Hedge Fund Activity: Q2 2014 in Review
1,012 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q2 2014, worth a combined $20.8B — up 6.4% from $19.6B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new NSC positions and 32 closed out — a net gain of 41 holders — while 322 added to existing stakes and 379 trimmed.
The largest buyer was Norges Bank, adding an estimated $247M. The largest seller was T. Rowe Price Associates, cutting an estimated $279M.
- 1,012 institutional investors held Norfolk Southern (NSC) as of Q2 2014, up from 977 in Q1 2014.
- Funds reported $20.8B of Norfolk Southern stock for Q2 2014, up 6.4% quarter-over-quarter.
- 73 funds opened new Norfolk Southern positions in Q2 2014 and 32 closed out, a net change of +41 holders.
- The largest Norfolk Southern buyer in Q2 2014 was Norges Bank, an estimated $247M added.
- The largest Norfolk Southern seller in Q2 2014 was T. Rowe Price Associates, an estimated $279M sold.
Based on aggregated 13F filings for Q2 2014.