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Norfolk Southern
NSC

1,607 hedge funds and large institutions have $42.4B invested in Norfolk Southern in 2024 Q3 according to their latest regulatory filings, with 164 funds opening new positions, 481 increasing their positions, 597 reducing their positions, and 99 closing their positions.

New
Increased
Maintained
Reduced
Closed

66% more first-time investments, than exits

New positions opened: 164 | Existing positions closed: 99

41% more call options, than puts

Call options by funds: $236M | Put options by funds: $168M

23% more funds holding in top 10

Funds holding in top 10: 13 → 16 (+3)

15% more capital invested

Capital invested by funds: $36.7B → $42.4B (+$5.68B)

3% more funds holding

Funds holding: 1,561 → 1,607 (+46)

0.33% more ownership

Funds ownership: 75.77% → 76.09% (+0.33%)

19% less repeat investments, than reductions

Existing positions increased: 481 | Existing positions reduced: 597

Holders
1,607
Holders Change
+46
Holders Change %
+2.95%
% of All Funds
23.08%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.23%
New
164
Increased
481
Reduced
597
Closed
99
Calls
$236M
Puts
$168M
Net Calls
+$68.2M
Net Calls Change
+$39.8M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$368M
2
PFA
Pathway Financial Advisers
Indiana
+$213M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$211M
4
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$200M
5
Holocene Advisors
Holocene Advisors
New York
+$118M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$498M
2
Franklin Resources
Franklin Resources
California
-$347M
3
Lazard Asset Management
Lazard Asset Management
New York
-$144M
4
Goldman Sachs
Goldman Sachs
New York
-$102M
5
American Century Companies
American Century Companies
Missouri
-$99.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
NSAM
751
North Star Asset Management
Wisconsin
$875K -$9.59K -40 -1%
RB
752
Rodgers Brothers
Pennsylvania
$873K – – –
BG
753
Bollard Group
Massachusetts
$860K – – –
DA
754
Dover Advisors
Virginia
$858K -$25.2K -105 -3%
ABLA
755
Alan B. Lancz & Associates
Ohio
$855K – – –
KLI
756
Kelman-Lazarov Inc
Tennessee
$852K -$46.7K -195 -5%
PFA
757
Pathway Financial Advisors
Vermont
$851K – – –
FSA
758
Financial Sense Advisors
California
$850K – – –
RWA
759
River Wealth Advisors
Pennsylvania
$849K +$1.2K +5 +0.1%
AFG
760
Allegheny Financial Group
Pennsylvania
$846K +$1.92K +8 +0.2%
SAM
761
Smartleaf Asset Management
Massachusetts
$843K +$195K +815 +31%
NWM
762
Northcape Wealth Management
New York
$843K – – –
DJSG
763
D.J. St. Germain
Massachusetts
$841K -$61.4K -256 -7%
Axa
764
Axa
France
$840K -$1.02M -4,265 -56%
SLI
765
Sumitomo Life Insurance
Japan
$838K -$6.23K -26 -0.8%
WIA
766
Westbourne Investment Advisors
Maryland
$838K – – –
HKAM
767
Horizon Kinetics Asset Management
New York
$832K +$4.79K +20 +0.6%
ClearBridge Investments
768
ClearBridge Investments
New York
$831K +$11K +46 +1%
TFG
769
Tull Financial Group
Virginia
$829K +$800K +3,336 New
SIA
770
Schechter Investment Advisors
Michigan
$827K +$434K +1,809 +119%
DT
771
Diversified Trust
Tennessee
$823K -$80.1K -334 -9%
GWANC
772
Guardian Wealth Advisors (North Carolina)
North Carolina
$819K -$5.03K -21 -0.6%
VA
773
Vident Advisory
Georgia
$819K +$50.1K +209 +7%
VNA
774
Valley National Advisers
Pennsylvania
$818K -$477K -1,990 -38%
WPC
775
Wedmont Private Capital
Pennsylvania
$818K +$41.2K +172 +5%
29 30
31
32 33

NSC Hedge Fund Activity: Q3 2024 in Review

1,607 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2024, worth a combined $42.4B — up 15% from $36.7B a quarter earlier.

Buyers outnumbered sellers: 164 funds opened new NSC positions and 99 closed out — a net gain of 65 holders — while 481 added to existing stakes and 597 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $368M. The largest seller was Wells Fargo, cutting an estimated $498M.

  • 1,607 institutional investors held Norfolk Southern (NSC) as of Q3 2024, up from 1,561 in Q2 2024.
  • Funds reported $42.4B of Norfolk Southern stock for Q3 2024, up 15% quarter-over-quarter.
  • 164 funds opened new Norfolk Southern positions in Q3 2024 and 99 closed out, a net change of +65 holders.
  • The largest Norfolk Southern buyer in Q3 2024 was T. Rowe Price Associates, an estimated $368M added.
  • The largest Norfolk Southern seller in Q3 2024 was Wells Fargo, an estimated $498M sold.

Based on aggregated 13F filings for Q3 2024.