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Norfolk Southern

977 hedge funds and large institutions have $19.6B invested in Norfolk Southern in 2014 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 320 increasing their positions, 381 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 46

34% more call options, than puts

Call options by funds: $212M | Put options by funds: $158M

29% more funds holding in top 10

Funds holding in top 10: 2127 (+6)

6% more capital invested

Capital invested by funds: $18.5B → $19.6B (+$1.11B)

2% more funds holding

Funds holding: 957977 (+20)

3.68% less ownership

Funds ownership: 64.59%60.91% (-3.7%)

16% less repeat investments, than reductions

Existing positions increased: 320 | Existing positions reduced: 381

Holders
977
Holders Change
+20
Holders Change %
+2.09%
% of All Funds
28.22%
Holding in Top 10
27
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+28.57%
% of All Funds
0.78%
New
79
Increased
320
Reduced
381
Closed
46
Calls
$212M
Puts
$158M
Net Calls
+$53.2M
Net Calls Change
-$227M
Name Holding Trade Value Shares
Change
Change in
Stake
Axa
26
Axa
France
$166M +$108M +1,162,149 +211%
Lazard Asset Management
27
Lazard Asset Management
New York
$166M -$6.4M -68,968 -4%
TCIM
28
TIAA CREF Investment Management
New York
$165M +$23.3M +251,565 +17%
Fidelity International
29
Fidelity International
Bermuda
$142M -$15.2M -163,910 -10%
Principal Financial Group
30
Principal Financial Group
Iowa
$140M +$18.8M +202,171 +16%
Legal & General Group
31
Legal & General Group
United Kingdom
$130M -$3.99M -42,985 -3%
Norges Bank
32
Norges Bank
Norway
$129M +$18.5M +198,947 +18%
Primecap Management
33
Primecap Management
California
$125M +$2.1M +22,650 +2%
Robeco Institutional Asset Management
34
Robeco Institutional Asset Management
Netherlands
$124M +$92.4M +995,670 +361%
CGI
35
CI Global Investments
California
$121M +$116M +1,250,000 New
Neuberger Berman Group
36
Neuberger Berman Group
New York
$118M -$44.5M -480,178 -28%
Citadel Advisors
37
Citadel Advisors
Florida
$107M -$14.5M -155,890 -12%
Prudential Financial
38
Prudential Financial
New Jersey
$106M +$21.4M +230,630 +27%
Barrow, Hanley, Mewhinney & Strauss
39
Barrow, Hanley, Mewhinney & Strauss
Texas
$105M -$3.02M -32,562 -3%
Invesco
40
Invesco
Georgia
$101M -$37.4M -403,200 -28%
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$100M -$864K -9,318 -0.9%
California Public Employees Retirement System
42
California Public Employees Retirement System
California
$95.4M +$2.55M +27,453 +3%
Loomis, Sayles & Company
43
Loomis, Sayles & Company
Massachusetts
$93.9M -$645K -6,958 -0.7%
Goldman Sachs
44
Goldman Sachs
New York
$92.9M -$3.18M -34,249 -3%
CLM
45
ClearBridge LLC (Maryland)
Maryland
$88.8M -$5.89M -63,486 -6%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$85.4M -$955K -10,300 -1%
Sumitomo Mitsui Trust Group
47
Sumitomo Mitsui Trust Group
Japan
$81.4M -$2M -21,587 -3%
BlackRock
48
BlackRock
New York
$80.7M +$19.4M +209,291 +34%
CIC
49
Crawford Investment Counsel
Georgia
$80.4M -$1.58M -17,030 -2%
MAA
50
Managed Account Advisors
New Jersey
$80.3M -$4.14M -44,617 -5%

NSC Hedge Fund Activity: Q1 2014 in Review

977 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2014, worth a combined $19.6B — up 6% from $18.5B a quarter earlier.

Buyers outnumbered sellers: 79 funds opened new NSC positions and 46 closed out — a net gain of 33 holders — while 320 added to existing stakes and 381 trimmed.

The largest buyer was Bank of America, adding an estimated $388M. The largest seller was Cambiar Investors, exiting entirely with an estimated $104M sold.

  • 977 institutional investors held Norfolk Southern (NSC) as of Q1 2014, up from 957 in Q4 2013.
  • Funds reported $19.6B of Norfolk Southern stock for Q1 2014, up 6% quarter-over-quarter.
  • 79 funds opened new Norfolk Southern positions in Q1 2014 and 46 closed out, a net change of +33 holders.
  • The largest Norfolk Southern buyer in Q1 2014 was Bank of America, an estimated $388M added.
  • The largest Norfolk Southern seller in Q1 2014 was Cambiar Investors, an estimated $104M sold.

Based on aggregated 13F filings for Q1 2014.