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Norfolk Southern

909 hedge funds and large institutions have $15.7B invested in Norfolk Southern in 2015 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 319 increasing their positions, 349 reducing their positions, and 94 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more call options, than puts

Call options by funds: $160M | Put options by funds: $137M

0.61% more ownership

Funds ownership: 67.84%68.44% (+0.61%)

0% more funds holding in top 10

Funds holding in top 10: 1212 (0)

9% less repeat investments, than reductions

Existing positions increased: 319 | Existing positions reduced: 349

5% less funds holding

Funds holding: 956909 (-47)

13% less capital invested

Capital invested by funds: $18B → $15.7B (-$2.32B)

44% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 94

Holders
909
Holders Change
-47
Holders Change %
-4.92%
% of All Funds
25.38%
Holding in Top 10
12
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.34%
New
53
Increased
319
Reduced
349
Closed
94
Calls
$160M
Puts
$137M
Net Calls
+$23M
Net Calls Change
+$3.22M
Name Holding Trade Value Shares
Change
Change in
Stake
SC
76
Saturna Capital
Washington
$33.3M -$5.71M -70,250 -14%
Bank of Montreal
77
Bank of Montreal
Ontario, Canada
$33.2M -$8.15M -100,296 -19%
US Bancorp
78
US Bancorp
Minnesota
$32.6M -$1.35M -16,635 -4%
TA
79
Teachers Advisors
New York
$31.1M +$132K +1,619 +0.4%
Schroder Investment Management Group
80
Schroder Investment Management Group
United Kingdom
$31M -$49.5M -608,811 -60%
State Board of Administration of Florida Retirement System
81
State Board of Administration of Florida Retirement System
Florida
$30.1M +$85.8K +1,056 +0.3%
GC
82
Guggenheim Capital
Illinois
$29.7M -$4.83M -59,427 -13%
Principal Financial Group
83
Principal Financial Group
Iowa
$29.7M -$43.3K -533 -0.1%
Renaissance Technologies
84
Renaissance Technologies
New York
$29.4M +$9.07M +111,600 +41%
BJ
85
BlackRock Japan
Japan
$28.7M +$1.02M +12,507 +3%
Allianz Asset Management
86
Allianz Asset Management
Germany
$28.4M -$36.6M -449,994 -55%
JIC
87
Johnson Investment Counsel
Ohio
$28.3M -$854K -10,512 -3%
Millennium Management
88
Millennium Management
New York
$28.1M +$23.6M +290,999 +376%
ELC
89
Edgar Lomax Company
Virginia
$27.3M -$1.03M -12,700 -3%
UBS Group
90
UBS Group
Switzerland
$26.8M -$2.36M -29,038 -8%
Comerica Bank
91
Comerica Bank
Texas
$26.7M -$31.6M -389,105 -53%
HSBC Holdings
92
HSBC Holdings
United Kingdom
$26.6M +$1.55M +19,067 +6%
KeyBank National Association
93
KeyBank National Association
Ohio
$26.2M -$3.43M -42,250 -11%
EARNEST Partners
94
EARNEST Partners
Georgia
$25.1M +$1.39M +17,085 +5%
Fifth Third Bancorp
95
Fifth Third Bancorp
Ohio
$24.9M -$2.46M -30,245 -8%
AQR Capital Management
96
AQR Capital Management
Connecticut
$24.4M -$12.1M -148,687 -32%
First Trust Advisors
97
First Trust Advisors
Illinois
$21.8M +$3.64M +44,763 +19%
GLA
98
Great Lakes Advisors
Illinois
$21.4M +$2.02M +24,896 +10%
PAMU
99
Pictet Asset Management (UK)
United Kingdom
$21.3M +$128K +1,580 +0.6%
EIP
100
Epoch Investment Partners
New York
$20.8M +$22.1M +271,721 New

NSC Hedge Fund Activity: Q3 2015 in Review

909 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2015, worth a combined $15.7B — down 13% from $18B a quarter earlier.

Sellers outnumbered buyers: 94 funds closed out of NSC and 53 opened new positions — a net loss of 41 holders — while 349 trimmed existing stakes and 319 added.

The largest buyer was London Company of Virginia, adding an estimated $200M. The largest seller was Janus Henderson Investors US, cutting an estimated $88.3M.

  • 909 institutional investors held Norfolk Southern (NSC) as of Q3 2015, down from 956 in Q2 2015.
  • Funds reported $15.7B of Norfolk Southern stock for Q3 2015, down 13% quarter-over-quarter.
  • 53 funds opened new Norfolk Southern positions in Q3 2015 and 94 closed out, a net change of -41 holders.
  • The largest Norfolk Southern buyer in Q3 2015 was London Company of Virginia, an estimated $200M added.
  • The largest Norfolk Southern seller in Q3 2015 was Janus Henderson Investors US, an estimated $88.3M sold.

Based on aggregated 13F filings for Q3 2015.