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Norfolk Southern

1,261 hedge funds and large institutions have $27.7B invested in Norfolk Southern in 2020 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 355 increasing their positions, 565 reducing their positions, and 172 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more call options, than puts

Call options by funds: $346M | Put options by funds: $210M

4.36% less ownership

Funds ownership: 72.94%68.58% (-4.4%)

7% less funds holding

Funds holding: 1,3571,261 (-96)

25% less capital invested

Capital invested by funds: $36.9B → $27.7B (-$9.2B)

27% less funds holding in top 10

Funds holding in top 10: 3022 (-8)

37% less repeat investments, than reductions

Existing positions increased: 355 | Existing positions reduced: 565

45% less first-time investments, than exits

New positions opened: 94 | Existing positions closed: 172

Holders
1,261
Holders Change
-96
Holders Change %
-7.07%
% of All Funds
27.79%
Holding in Top 10
22
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-26.67%
% of All Funds
0.48%
New
94
Increased
355
Reduced
565
Closed
172
Calls
$346M
Puts
$210M
Net Calls
+$135M
Net Calls Change
+$118M
Name Holding Trade Value Shares
Change
Change in
Stake
BDF
951
Balasa Dinverno & Foltz
$291K -$61.5K -333 -14%
IC
952
Inscription Capital
Texas
$291K -$60.9K -330 -14%
KIA
953
KCM Investment Advisors
California
$291K -$17.4K -94 -5%
BW
954
Bison Wealth
Georgia
$289K -$18.5K -100 -5%
GIA
955
GHP Investment Advisors
Colorado
$286K -$3.14K -17 -0.9%
IWAG
956
Integer Wealth Advisors Group
Georgia
$286K
KA
957
KLCM Advisors
Wisconsin
$286K +$1.11K +6 +0.3%
WG
958
Welch Group
Alabama
$285K +$61.8K +335 +21%
HR
959
Hayden Royal
North Carolina
$280K +$3.32K +18 +0.9%
SDWIA
960
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$280K -$10.2K -55 -3%
HCA
961
Horan Capital Advisors
Ohio
$279K
FWP
962
FAS Wealth Partners
Kansas
$279K +$185 +1 +0.1%
SIA
963
Soltis Investment Advisors
Utah
$278K
FMLI
964
Fukoku Mutual Life Insurance
Japan
$277K
MIA
965
MainStreet Investment Advisors
Illinois
$277K +$149K +805 +74%
RIM
966
Rampart Investment Management
Connecticut
$275K -$1.29M -6,981 -79%
MAFM
967
Mid Atlantic Financial Management
Pennsylvania
$275K +$62.8K +340 +22%
Luther King Capital Management (LKCM)
968
Luther King Capital Management (LKCM)
Texas
$274K -$3.69K -20 -1%
FAM
969
Formidable Asset Management
Ohio
$274K
FPB
970
First PREMIER Bank
South Dakota
$271K
EFL
971
ERn Financial LLC
Wisconsin
$271K +$2.21K +12 +0.7%
FBT
972
First Bank & Trust
South Dakota
$271K +$24.9K +135 +8%
BOPW
973
Brandywine Oak Private Wealth
Pennsylvania
$270K +$336K +1,819 New
JWCA
974
J.W. Coons Advisors
Ohio
$270K +$343K +1,858 New
ANBT
975
American National Bank & Trust
Texas
$268K -$753K -4,077 -69%

NSC Hedge Fund Activity: Q1 2020 in Review

1,261 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2020, worth a combined $27.7B — down 25% from $36.9B a quarter earlier.

Sellers outnumbered buyers: 172 funds closed out of NSC and 94 opened new positions — a net loss of 78 holders — while 565 trimmed existing stakes and 355 added.

The largest buyer was American Century Companies, adding an estimated $386M. The largest seller was Soroban Capital Partners, cutting an estimated $285M.

  • 1,261 institutional investors held Norfolk Southern (NSC) as of Q1 2020, down from 1,357 in Q4 2019.
  • Funds reported $27.7B of Norfolk Southern stock for Q1 2020, down 25% quarter-over-quarter.
  • 94 funds opened new Norfolk Southern positions in Q1 2020 and 172 closed out, a net change of -78 holders.
  • The largest Norfolk Southern buyer in Q1 2020 was American Century Companies, an estimated $386M added.
  • The largest Norfolk Southern seller in Q1 2020 was Soroban Capital Partners, an estimated $285M sold.

Based on aggregated 13F filings for Q1 2020.