Norfolk Southern
1,065 hedge funds and large institutions have $27.7B invested in Norfolk Southern in 2017 Q3 according to their latest regulatory filings, with 78 funds opening new positions, 298 increasing their positions, 430 reducing their positions, and 52 closing their positions.
586% more call options, than puts
Call options by funds: $2.26B | Put options by funds: $329M
50% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 52
11% more capital invested
Capital invested by funds: $25.1B → $27.7B (+$2.66B)
6% more funds holding in top 10
Funds holding in top 10: 17 → 18 (+1)
1.71% more ownership
Funds ownership: 71.18% → 72.89% (+1.7%)
1% more funds holding
Funds holding: 1,050 → 1,065 (+15)
31% less repeat investments, than reductions
Existing positions increased: 298 | Existing positions reduced: 430
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$647M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$390M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$229M |
| 4 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
+$150M |
| 5 |
JP Morgan Chase
New York
|
+$131M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$289M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$128M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$126M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
-$83.9M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$72.3M |
NSC Hedge Fund Activity: Q3 2017 in Review
1,065 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2017, worth a combined $27.7B — up 11% from $25.1B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new NSC positions and 52 closed out — a net gain of 26 holders — while 298 added to existing stakes and 430 trimmed.
The largest buyer was Bank of America, adding an estimated $647M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $289M sold.
- 1,065 institutional investors held Norfolk Southern (NSC) as of Q3 2017, up from 1,050 in Q2 2017.
- Funds reported $27.7B of Norfolk Southern stock for Q3 2017, up 11% quarter-over-quarter.
- 78 funds opened new Norfolk Southern positions in Q3 2017 and 52 closed out, a net change of +26 holders.
- The largest Norfolk Southern buyer in Q3 2017 was Bank of America, an estimated $647M added.
- The largest Norfolk Southern seller in Q3 2017 was Capital Research Global Investors, an estimated $289M sold.
Based on aggregated 13F filings for Q3 2017.