Norfolk Southern
1,541 hedge funds and large institutions have $39.5B invested in Norfolk Southern in 2022 Q2 according to their latest regulatory filings, with 93 funds opening new positions, 525 increasing their positions, 537 reducing their positions, and 178 closing their positions.
62% more call options, than puts
Call options by funds: $306M | Put options by funds: $188M
0.76% less ownership
Funds ownership: 73.56% → 72.8% (-0.76%)
2% less repeat investments, than reductions
Existing positions increased: 525 | Existing positions reduced: 537
6% less funds holding
Funds holding: 1,645 → 1,541 (-104)
21% less capital invested
Capital invested by funds: $50.2B → $39.5B (-$10.7B)
36% less funds holding in top 10
Funds holding in top 10: 28 → 18 (-10)
48% less first-time investments, than exits
New positions opened: 93 | Existing positions closed: 178
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$788M |
| 2 |
Morgan Stanley
New York
|
+$232M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$137M |
| 4 |
Goldman Sachs
New York
|
+$137M |
| 5 |
AIP
Atlas Infrastructure Partners
London,
United Kingdom
|
+$105M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$403M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$223M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$158M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$148M |
| 5 |
Millennium Management
New York
|
-$130M |
NSC Hedge Fund Activity: Q2 2022 in Review
1,541 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q2 2022, worth a combined $39.5B — down 21% from $50.2B a quarter earlier.
Sellers outnumbered buyers: 178 funds closed out of NSC and 93 opened new positions — a net loss of 85 holders — while 537 trimmed existing stakes and 525 added.
The largest buyer was Lazard Asset Management, adding an estimated $788M. The largest seller was T. Rowe Price Associates, cutting an estimated $403M.
- 1,541 institutional investors held Norfolk Southern (NSC) as of Q2 2022, down from 1,645 in Q1 2022.
- Funds reported $39.5B of Norfolk Southern stock for Q2 2022, down 21% quarter-over-quarter.
- 93 funds opened new Norfolk Southern positions in Q2 2022 and 178 closed out, a net change of -85 holders.
- The largest Norfolk Southern buyer in Q2 2022 was Lazard Asset Management, an estimated $788M added.
- The largest Norfolk Southern seller in Q2 2022 was T. Rowe Price Associates, an estimated $403M sold.
Based on aggregated 13F filings for Q2 2022.