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.
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: 21 → 27 (+6)
6% more capital invested
Capital invested by funds: $18.5B → $19.6B (+$1.11B)
2% more funds holding
Funds holding: 957 → 977 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$388M |
| 2 |
CGI
CI Global Investments
Oakland,
California
|
+$116M |
| 3 |
Axa
Paris,
France
|
+$108M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$96.8M |
| 5 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
+$92.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cambiar Investors
Denver,
Colorado
|
-$104M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$84.9M |
| 3 |
ARC
Absolute Return Capital
Boston,
Massachusetts
|
-$82.8M |
| 4 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$82.4M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$72M |
NSC Hedge Fund Activity: Q1 2014 in Review
977 of the 3,463 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.