Norfolk Southern
NSC
1,500 hedge funds and large institutions have $36.8B invested in Norfolk Southern in 2022 Q3 according to their latest regulatory filings, with 83 funds opening new positions, 513 increasing their positions, 536 reducing their positions, and 105 closing their positions.
43% more call options, than puts
Call options by funds: $393M | Put options by funds: $275M
6% more funds holding in top 10
Funds holding in top 10: 18 → 19 (+1)
0.44% more ownership
Funds ownership: 72.8% → 73.24% (+0.44%)
4% less repeat investments, than reductions
Existing positions increased: 513 | Existing positions reduced: 536
3% less funds holding
Funds holding: 1,541 → 1,500 (-41)
7% less capital invested
Capital invested by funds: $39.5B → $36.8B (-$2.74B)
21% less first-time investments, than exits
New positions opened: 83 | Existing positions closed: 105
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$321M |
| 2 |
Lazard Asset Management
New York
|
+$284M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$172M |
| 4 |
Cohen & Steers
New York
|
+$123M |
| 5 |
JP Morgan Chase
New York
|
+$101M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
-$188M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$167M |
| 3 |
Bank of New York Mellon
New York
|
-$156M |
| 4 |
Goldman Sachs
New York
|
-$149M |
| 5 |
Two Sigma Investments
New York
|
-$99.9M |
NSC Hedge Fund Activity: Q3 2022 in Review
1,500 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2022, worth a combined $36.8B — down 6.9% from $39.5B a quarter earlier.
Sellers outnumbered buyers: 105 funds closed out of NSC and 83 opened new positions — a net loss of 22 holders — while 536 trimmed existing stakes and 513 added.
The largest buyer was Capital International Investors, adding an estimated $321M. The largest seller was Palestra Capital Management, exiting entirely with an estimated $188M sold.
- 1,500 institutional investors held Norfolk Southern (NSC) as of Q3 2022, down from 1,541 in Q2 2022.
- Funds reported $36.8B of Norfolk Southern stock for Q3 2022, down 6.9% quarter-over-quarter.
- 83 funds opened new Norfolk Southern positions in Q3 2022 and 105 closed out, a net change of -22 holders.
- The largest Norfolk Southern buyer in Q3 2022 was Capital International Investors, an estimated $321M added.
- The largest Norfolk Southern seller in Q3 2022 was Palestra Capital Management, an estimated $188M sold.
Based on aggregated 13F filings for Q3 2022.