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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
SJL
776
Shayne & Jacobs LLC
Tennessee
$814K – – –
SMC
777
Smith, Moore & Co
Missouri
$814K +$719 +3 +0.1%
NFGCM
778
Norman Fields Gottscho Capital Management
New York
$811K – – –
FPF
779
First Pacific Financial
Washington
$810K +$17K +71 +2%
Vontobel Holding
780
Vontobel Holding
Switzerland
$808K +$14.6K +61 +2%
RMCM
781
Reynders McVeigh Capital Management
Massachusetts
$808K -$110K -458 -12%
BFM
782
Boston Financial Management
Massachusetts
$801K -$122K -510 -14%
HKIM
783
Hayek Kallen Investment Management
Alabama
$800K – – –
AMIM
784
Aull & Monroe Investment Management
Alabama
$797K -$52.5K -219 -6%
AG
785
Advocate Group
Minnesota
$797K -$15.8K -66 -2%
ATPW
786
Ashton Thomas Private Wealth
Arizona
$792K +$228K +953 +43%
KCM
787
Kendall Capital Management
Maryland
$792K -$1.2K -5 -0.2%
SB
788
Simmons Bank
Arkansas
$791K +$240 +1 +0%
LDB
789
Lee, Danner & Bass
Tennessee
$791K – – –
FRA
790
Frank Rimerman Advisors
California
$789K +$315K +1,316 +71%
MFIM
791
Mesirow Financial Investment Management
Illinois
$788K +$50.8K +212 +7%
GAMC
792
Garner Asset Management Corp
Texas
$787K +$23.3K +97 +3%
LC
793
Lindbrook Capital
California
$786K -$25.6K -107 -3%
LCGC
794
Legacy Capital Group California
California
$783K -$44.8K -187 -6%
First Manhattan
795
First Manhattan
New York
$781K -$186K -777 -20%
CT
796
Colonial Trust
South Carolina
$781K +$146K +607 +24%
FTC
797
Farmers Trust Company
Ohio
$780K +$9.11K +38 +1%
KA
798
KLCM Advisors
Wisconsin
$777K +$12K +50 +2%
EWA
799
Exencial Wealth Advisors
Oklahoma
$776K +$348K +1,450 +87%
SC
800
Sapient Capital
Indiana
$773K +$2.64K +11 +0.4%
30 31
32
33 34

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.