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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
Royal Bank of Canada
51
Royal Bank of Canada
Ontario, Canada
$80.1M +$4.77M +51,390 +7%
RRAM
52
River Road Asset Management
Kentucky
$79.4M -$42.4M -456,958 -36%
Mitsubishi UFJ Trust & Banking
53
Mitsubishi UFJ Trust & Banking
Japan
$78.9M +$14.8M +159,541 +24%
AAMU
54
Amundi Asset Management US
Massachusetts
$78.1M -$439K -4,738 -0.6%
RFC
55
Russell Frank Company
Washington
$77.9M +$32.9M +354,242 +79%
Charles Schwab
56
Charles Schwab
California
$77.8M +$2.05M +22,067 +3%
BTS
57
BB&T Securities
Virginia
$71.8M +$322K +3,473 +5%
Westfield Capital Management
58
Westfield Capital Management
Massachusetts
$71.2M +$207K +2,237 +0.3%
AllianceBernstein
59
AllianceBernstein
Tennessee
$70.4M +$9.25M +99,777 +16%
New York State Teachers Retirement System (NYSTRS)
60
New York State Teachers Retirement System (NYSTRS)
New York
$63.1M -$2.03M -21,936 -3%
TCM
61
Tetrem Capital Management
Manitoba, Canada
$62.2M +$2.48M +26,746 +4%
CS
62
Credit Suisse
Switzerland
$61.8M +$4.58M +49,377 +8%
KeyBank National Association
63
KeyBank National Association
Ohio
$59.9M -$841K -9,069 -1%
TRSOTSOK
64
Teachers Retirement System of the State of Kentucky
Kentucky
$58.4M -$3.97M -42,800 -7%
FMI
65
Factory Mutual Insurance
Massachusetts
$57.4M
EAM
66
Edge Asset Management
Washington
$56.6M -$116K -1,251 -0.2%
RhumbLine Advisers
67
RhumbLine Advisers
Massachusetts
$56.6M +$4.52M +48,747 +9%
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$55.7M +$250K +2,700 +0.5%
Ameriprise
69
Ameriprise
Minnesota
$55.7M -$3.59M -38,740 -6%
CBOA
70
Commonwealth Bank of Australia
Australia
$55.6M -$25.9M -279,296 -33%
CFC
71
Cincinnati Financial Corp
Ohio
$53.9M
Bank of Montreal
72
Bank of Montreal
Ontario, Canada
$52.8M -$3.61M -38,896 -7%
BIM
73
BlackRock Investment Management
Delaware
$50.2M +$3.13M +33,739 +7%
SC
74
Saturna Capital
Washington
$49.9M
PPA
75
Parametric Portfolio Associates
Washington
$49.2M -$155K -1,671 -0.3%

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.