Norfolk Southern
NSC
1,262 hedge funds and large institutions have $29.6B invested in Norfolk Southern in 2018 Q4 according to their latest regulatory filings, with 145 funds opening new positions, 337 increasing their positions, 504 reducing their positions, and 120 closing their positions.
214% more call options, than puts
Call options by funds: $1.47B | Put options by funds: $469M
21% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 120
1% more funds holding
Funds holding: 1,248 → 1,262 (+14)
0.89% more ownership
Funds ownership: 72.44% → 73.33% (+0.89%)
18% less funds holding in top 10
Funds holding in top 10: 39 → 32 (-7)
19% less capital invested
Capital invested by funds: $36.6B → $29.6B (-$6.92B)
33% less repeat investments, than reductions
Existing positions increased: 337 | Existing positions reduced: 504
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$581M |
| 2 |
JP Morgan Chase
New York
|
+$441M |
| 3 |
Swedbank
Stockholm,
Sweden
|
+$142M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$118M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCI Fund Management
London,
United Kingdom
|
-$677M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$226M |
| 3 |
PC
PointState Capital
New York
|
-$218M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$180M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$174M |
NSC Hedge Fund Activity: Q4 2018 in Review
1,262 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q4 2018, worth a combined $29.6B — down 19% from $36.6B a quarter earlier.
Buyers outnumbered sellers: 145 funds opened new NSC positions and 120 closed out — a net gain of 25 holders — while 337 added to existing stakes and 504 trimmed.
The largest buyer was Lazard Asset Management, adding an estimated $581M. The largest seller was TCI Fund Management, exiting entirely with an estimated $677M sold.
- 1,262 institutional investors held Norfolk Southern (NSC) as of Q4 2018, up from 1,248 in Q3 2018.
- Funds reported $29.6B of Norfolk Southern stock for Q4 2018, down 19% quarter-over-quarter.
- 145 funds opened new Norfolk Southern positions in Q4 2018 and 120 closed out, a net change of +25 holders.
- The largest Norfolk Southern buyer in Q4 2018 was Lazard Asset Management, an estimated $581M added.
- The largest Norfolk Southern seller in Q4 2018 was TCI Fund Management, an estimated $677M sold.
Based on aggregated 13F filings for Q4 2018.