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Norfolk Southern

863 hedge funds and large institutions have $15.3B invested in Norfolk Southern in 2013 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 323 increasing their positions, 308 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more call options, than puts

Call options by funds: $263M | Put options by funds: $160M

26% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 53

7% more funds holding in top 10

Funds holding in top 10: 1516 (+1)

5% more capital invested

Capital invested by funds: $14.5B → $15.3B (+$773M)

5% more repeat investments, than reductions

Existing positions increased: 323 | Existing positions reduced: 308

1% more funds holding

Funds holding: 855863 (+8)

0.07% more ownership

Funds ownership: 63.77%63.84% (+0.07%)

Holders
863
Holders Change
+8
Holders Change %
+0.94%
% of All Funds
27.98%
Holding in Top 10
16
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.67%
% of All Funds
0.52%
New
67
Increased
323
Reduced
308
Closed
53
Calls
$263M
Puts
$160M
Net Calls
+$103M
Net Calls Change
+$118M
Name Holding Trade Value Shares
Change
Change in
Stake
IGIM
51
I.G. Investment Management
Manitoba, Canada
$59.6M +$53.2M +710,700 +1,183%
Charles Schwab
52
Charles Schwab
California
$58.7M +$1.61M +21,428 +3%
SONJCPFA
53
State of New Jersey Common Pension Fund A
New Jersey
$57.8M +$7.3M +97,500 +15%
Mitsubishi UFJ Trust & Banking
54
Mitsubishi UFJ Trust & Banking
Japan
$57.7M +$916K +12,221 +2%
Schroder Investment Management Group
55
Schroder Investment Management Group
United Kingdom
$57.2M +$3.71M +49,466 +7%
TRSOTSOK
56
Teachers Retirement System of the State of Kentucky
Kentucky
$56.4M -$5.86M -78,230 -10%
PP
57
Prudential plc
United Kingdom
$56.2M +$1.84M +24,502 +3%
Westfield Capital Management
58
Westfield Capital Management
Massachusetts
$55.4M +$17.2M +230,115 +47%
New York State Teachers Retirement System (NYSTRS)
59
New York State Teachers Retirement System (NYSTRS)
New York
$53.7M -$2.95M -39,439 -5%
TCM
60
Tetrem Capital Management
Manitoba, Canada
$52.1M +$5.87M +78,421 +13%
Royal Bank of Canada
61
Royal Bank of Canada
Ontario, Canada
$51.1M -$14.4M -192,679 -23%
KeyBank National Association
62
KeyBank National Association
Ohio
$48.6M -$272K -3,626 -0.6%
BlackRock
63
BlackRock
New York
$46.6M +$405K +5,406 +0.9%
FMI
64
Factory Mutual Insurance
Massachusetts
$46.5M
DRZID
65
DePrince Race & Zollo Inc (DRZ)
Florida
$46.4M +$530K +7,070 +1%
HSBC Holdings
66
HSBC Holdings
United Kingdom
$46.2M -$7.92M -105,755 -15%
BTS
67
BB&T Securities
Virginia
$45.3M +$997K +13,305 +29%
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$43.8M +$1.31M +17,488 +3%
RhumbLine Advisers
69
RhumbLine Advisers
Massachusetts
$43.2M -$514K -6,857 -1%
CFC
70
Cincinnati Financial Corp
Ohio
$42.9M
State Board of Administration of Florida Retirement System
71
State Board of Administration of Florida Retirement System
Florida
$42.1M -$1.67M -22,311 -4%
BIM
72
BlackRock Investment Management
Delaware
$40.8M +$524K +6,992 +1%
CS
73
Credit Suisse
Switzerland
$40.8M -$6.7M -89,496 -15%
Ameriprise
74
Ameriprise
Minnesota
$40M -$21.2M -282,398 -35%
Bank of Montreal
75
Bank of Montreal
Ontario, Canada
$39.9M +$5.48M +73,211 +17%

NSC Hedge Fund Activity: Q3 2013 in Review

863 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2013, worth a combined $15.3B — up 5.3% from $14.5B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new NSC positions and 53 closed out — a net gain of 14 holders — while 323 added to existing stakes and 308 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $126M. The largest seller was Invesco, cutting an estimated $102M.

  • 863 institutional investors held Norfolk Southern (NSC) as of Q3 2013, up from 855 in Q2 2013.
  • Funds reported $15.3B of Norfolk Southern stock for Q3 2013, up 5.3% quarter-over-quarter.
  • 67 funds opened new Norfolk Southern positions in Q3 2013 and 53 closed out, a net change of +14 holders.
  • The largest Norfolk Southern buyer in Q3 2013 was Wellington Management Group, an estimated $126M added.
  • The largest Norfolk Southern seller in Q3 2013 was Invesco, an estimated $102M sold.

Based on aggregated 13F filings for Q3 2013.