Norfolk Southern
1,292 hedge funds and large institutions have $34B invested in Norfolk Southern in 2019 Q3 according to their latest regulatory filings, with 83 funds opening new positions, 417 increasing their positions, 510 reducing their positions, and 116 closing their positions.
15% more call options, than puts
Call options by funds: $302M | Put options by funds: $263M
0.86% less ownership
Funds ownership: 72.81% → 71.95% (-0.86%)
3% less funds holding
Funds holding: 1,336 → 1,292 (-44)
12% less capital invested
Capital invested by funds: $38.5B → $34B (-$4.43B)
16% less funds holding in top 10
Funds holding in top 10: 38 → 32 (-6)
18% less repeat investments, than reductions
Existing positions increased: 417 | Existing positions reduced: 510
28% less first-time investments, than exits
New positions opened: 83 | Existing positions closed: 116
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$563M |
| 2 |
SCP
Soroban Capital Partners
New York
|
+$258M |
| 3 |
Lazard Asset Management
New York
|
+$217M |
| 4 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
+$193M |
| 5 |
JP Morgan Chase
New York
|
+$143M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.09B |
| 2 |
Goldman Sachs
New York
|
-$204M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$102M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$97.4M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$96.7M |
NSC Hedge Fund Activity: Q3 2019 in Review
1,292 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2019, worth a combined $34B — down 12% from $38.5B a quarter earlier.
Sellers outnumbered buyers: 116 funds closed out of NSC and 83 opened new positions — a net loss of 33 holders — while 510 trimmed existing stakes and 417 added.
The largest buyer was Capital World Investors, adding an estimated $563M. The largest seller was Fidelity Investments, cutting an estimated $1.09B.
- 1,292 institutional investors held Norfolk Southern (NSC) as of Q3 2019, down from 1,336 in Q2 2019.
- Funds reported $34B of Norfolk Southern stock for Q3 2019, down 12% quarter-over-quarter.
- 83 funds opened new Norfolk Southern positions in Q3 2019 and 116 closed out, a net change of -33 holders.
- The largest Norfolk Southern buyer in Q3 2019 was Capital World Investors, an estimated $563M added.
- The largest Norfolk Southern seller in Q3 2019 was Fidelity Investments, an estimated $1.09B sold.
Based on aggregated 13F filings for Q3 2019.