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Norfolk Southern

1,261 hedge funds and large institutions have $27.7B invested in Norfolk Southern in 2020 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 355 increasing their positions, 565 reducing their positions, and 172 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more call options, than puts

Call options by funds: $346M | Put options by funds: $210M

4.36% less ownership

Funds ownership: 72.94%68.58% (-4.4%)

7% less funds holding

Funds holding: 1,3571,261 (-96)

25% less capital invested

Capital invested by funds: $36.9B → $27.7B (-$9.2B)

27% less funds holding in top 10

Funds holding in top 10: 3022 (-8)

37% less repeat investments, than reductions

Existing positions increased: 355 | Existing positions reduced: 565

45% less first-time investments, than exits

New positions opened: 94 | Existing positions closed: 172

Holders
1,261
Holders Change
-96
Holders Change %
-7.07%
% of All Funds
27.79%
Holding in Top 10
22
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-26.67%
% of All Funds
0.48%
New
94
Increased
355
Reduced
565
Closed
172
Calls
$346M
Puts
$210M
Net Calls
+$135M
Net Calls Change
+$118M
Name Holding Trade Value Shares
Change
Change in
Stake
SC
576
Savant Capital
Illinois
$996K +$111K +601 +10%
LSPW
577
Lake Street Private Wealth
Illinois
$990K +$143K +775 +13%
PG
578
Patten Group
Tennessee
$986K -$18.5K -100 -1%
AAM
579
Advisors Asset Management
Colorado
$983K +$23.3K +126 +2%
CIM
580
CenturyLink Investment Management
Colorado
$971K
CII
581
Capital International Inc
California
$970K +$1.1M +5,942 +844%
MFG
582
MidWestOne Financial Group
Iowa
$962K
SSWM
583
Smith Salley Wealth Management
North Carolina
$959K -$43.9K -238 -3%
IAA
584
Independent Advisor Alliance
North Carolina
$958K -$738K -3,998 -38%
MCA
585
Mercer Capital Advisers
New Jersey
$958K -$18.5K -100 -2%
KFS
586
Kurt F. Somerville
$954K -$115K -624 -9%
HF
587
HRT Financial
New York
$947K +$1.2M +6,488 New
CIC
588
Crawford Investment Counsel
Georgia
$944K -$16.2K -88 -1%
JCM
589
Jacobi Capital Management
Pennsylvania
$939K -$35.8K -194 -3%
Cerity Partners
590
Cerity Partners
New York
$934K +$9.41K +51 +0.8%
AT
591
Arden Trust
Delaware
$925K
AF
592
Aldebaran Financial
$912K -$3.69K -20 -0.3%
FPS
593
Fieldpoint Private Securities
Connecticut
$902K -$1.48K -8 -0.1%
SPC
594
Sigma Planning Corp
Michigan
$901K -$156K -847 -12%
LNC
595
Lincoln National Corp
Pennsylvania
$900K +$29.9K +162 +3%
LNWWM
596
Laird Norton Wetherby Wealth Management
California
$897K +$67K +363 +6%
IRF
597
IBM Retirement Fund
New York
$895K +$423K +2,293 +60%
VFA
598
Valeo Financial Advisors
Indiana
$889K +$80.3K +435 +8%
WAM
599
Westport Asset Management
Connecticut
$876K +$1.11M +6,000 New
PI
600
PFS Investments
Georgia
$874K +$673K +3,645 +156%

NSC Hedge Fund Activity: Q1 2020 in Review

1,261 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2020, worth a combined $27.7B — down 25% from $36.9B a quarter earlier.

Sellers outnumbered buyers: 172 funds closed out of NSC and 94 opened new positions — a net loss of 78 holders — while 565 trimmed existing stakes and 355 added.

The largest buyer was American Century Companies, adding an estimated $386M. The largest seller was Soroban Capital Partners, cutting an estimated $285M.

  • 1,261 institutional investors held Norfolk Southern (NSC) as of Q1 2020, down from 1,357 in Q4 2019.
  • Funds reported $27.7B of Norfolk Southern stock for Q1 2020, down 25% quarter-over-quarter.
  • 94 funds opened new Norfolk Southern positions in Q1 2020 and 172 closed out, a net change of -78 holders.
  • The largest Norfolk Southern buyer in Q1 2020 was American Century Companies, an estimated $386M added.
  • The largest Norfolk Southern seller in Q1 2020 was Soroban Capital Partners, an estimated $285M sold.

Based on aggregated 13F filings for Q1 2020.