Norfolk Southern
1,165 hedge funds and large institutions have $28.3B invested in Norfolk Southern in 2018 Q1 according to their latest regulatory filings, with 108 funds opening new positions, 305 increasing their positions, 494 reducing their positions, and 79 closing their positions.
715% more call options, than puts
Call options by funds: $1.72B | Put options by funds: $211M
37% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 79
1.6% more ownership
Funds ownership: 72.07% → 73.67% (+1.6%)
1% more funds holding
Funds holding: 1,149 → 1,165 (+16)
0% more funds holding in top 10
Funds holding in top 10: 23 → 23 (0)
5% less capital invested
Capital invested by funds: $29.9B → $28.3B (-$1.57B)
38% less repeat investments, than reductions
Existing positions increased: 305 | Existing positions reduced: 494
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
+$415M |
| 2 |
JP Morgan Chase
New York
|
+$281M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$107M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$99.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$98.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$302M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$283M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$131M |
| 4 |
Lazard Asset Management
New York
|
-$104M |
| 5 |
State Street
Boston,
Massachusetts
|
-$98.2M |
NSC Hedge Fund Activity: Q1 2018 in Review
1,165 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2018, worth a combined $28.3B — down 5.2% from $29.9B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new NSC positions and 79 closed out — a net gain of 29 holders — while 305 added to existing stakes and 494 trimmed.
The largest buyer was Soroban Capital Partners, opening a new position worth an estimated $415M. The largest seller was Fidelity Investments, cutting an estimated $302M.
- 1,165 institutional investors held Norfolk Southern (NSC) as of Q1 2018, up from 1,149 in Q4 2017.
- Funds reported $28.3B of Norfolk Southern stock for Q1 2018, down 5.2% quarter-over-quarter.
- 108 funds opened new Norfolk Southern positions in Q1 2018 and 79 closed out, a net change of +29 holders.
- The largest Norfolk Southern buyer in Q1 2018 was Soroban Capital Partners, an estimated $415M added.
- The largest Norfolk Southern seller in Q1 2018 was Fidelity Investments, an estimated $302M sold.
Based on aggregated 13F filings for Q1 2018.