Norfolk Southern
1,497 hedge funds and large institutions have $35.3B invested in Norfolk Southern in 2023 Q1 according to their latest regulatory filings, with 129 funds opening new positions, 395 increasing their positions, 649 reducing their positions, and 186 closing their positions.
0.01% more ownership
Funds ownership: 73.3% → 73.31% (+0.01%)
6% less call options, than puts
Call options by funds: $275M | Put options by funds: $293M
6% less funds holding
Funds holding: 1,590 → 1,497 (-93)
15% less capital invested
Capital invested by funds: $41.6B → $35.3B (-$6.26B)
29% less funds holding in top 10
Funds holding in top 10: 21 → 15 (-6)
31% less first-time investments, than exits
New positions opened: 129 | Existing positions closed: 186
39% less repeat investments, than reductions
Existing positions increased: 395 | Existing positions reduced: 649
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$315M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$200M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$191M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$179M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$168M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$474M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$386M |
| 3 |
Cohen & Steers
New York
|
-$273M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$226M |
| 5 |
State Street
Boston,
Massachusetts
|
-$217M |
NSC Hedge Fund Activity: Q1 2023 in Review
1,497 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2023, worth a combined $35.3B — down 15% from $41.6B a quarter earlier.
Sellers outnumbered buyers: 186 funds closed out of NSC and 129 opened new positions — a net loss of 57 holders — while 649 trimmed existing stakes and 395 added.
The largest buyer was Lazard Asset Management, adding an estimated $315M. The largest seller was Capital International Investors, cutting an estimated $474M.
- 1,497 institutional investors held Norfolk Southern (NSC) as of Q1 2023, down from 1,590 in Q4 2022.
- Funds reported $35.3B of Norfolk Southern stock for Q1 2023, down 15% quarter-over-quarter.
- 129 funds opened new Norfolk Southern positions in Q1 2023 and 186 closed out, a net change of -57 holders.
- The largest Norfolk Southern buyer in Q1 2023 was Lazard Asset Management, an estimated $315M added.
- The largest Norfolk Southern seller in Q1 2023 was Capital International Investors, an estimated $474M sold.
Based on aggregated 13F filings for Q1 2023.