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Norfolk Southern
NSC

1,607 hedge funds and large institutions have $42.4B invested in Norfolk Southern in 2024 Q3 according to their latest regulatory filings, with 164 funds opening new positions, 481 increasing their positions, 597 reducing their positions, and 99 closing their positions.

New
Increased
Maintained
Reduced
Closed

66% more first-time investments, than exits

New positions opened: 164 | Existing positions closed: 99

41% more call options, than puts

Call options by funds: $236M | Put options by funds: $168M

23% more funds holding in top 10

Funds holding in top 10: 13 → 16 (+3)

15% more capital invested

Capital invested by funds: $36.7B → $42.4B (+$5.68B)

3% more funds holding

Funds holding: 1,561 → 1,607 (+46)

0.33% more ownership

Funds ownership: 75.77% → 76.09% (+0.33%)

19% less repeat investments, than reductions

Existing positions increased: 481 | Existing positions reduced: 597

Holders
1,607
Holders Change
+46
Holders Change %
+2.95%
% of All Funds
23.08%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.23%
New
164
Increased
481
Reduced
597
Closed
99
Calls
$236M
Puts
$168M
Net Calls
+$68.2M
Net Calls Change
+$39.8M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$368M
2
PFA
Pathway Financial Advisers
Indiana
+$213M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$211M
4
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$200M
5
Holocene Advisors
Holocene Advisors
New York
+$118M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$498M
2
Franklin Resources
Franklin Resources
California
-$347M
3
Lazard Asset Management
Lazard Asset Management
New York
-$144M
4
Goldman Sachs
Goldman Sachs
New York
-$102M
5
American Century Companies
American Century Companies
Missouri
-$99.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
HT
1026
Headlands Technologies
Illinois
$448K +$432K +1,801 New
CSC
1027
Caldwell Sutter Capital
California
$447K – – –
MSR
1028
Main Street Research
Connecticut
$446K -$1.92K -8 -0.4%
EH
1029
Equitable Holdings
New York
$445K +$55.6K +232 +15%
CRI
1030
Commonwealth Retirement Investments
Virginia
$445K -$40.5K -169 -9%
TWA
1031
TCI Wealth Advisors
Arizona
$442K -$12.7K -53 -3%
BLC
1032
Brown, Lisle/Cummings
Rhode Island
$442K +$138K +575 +48%
MWM
1033
Meridian Wealth Management
Kentucky
$440K +$424K +1,770 New
BFA
1034
Bragg Financial Advisors
North Carolina
$438K -$89.2K -372 -17%
SRC
1035
Shufro Rose & Co
New York
$435K – – –
RMAM
1036
Raab & Moskowitz Asset Management
New Jersey
$435K +$9.83K +41 +2%
EI
1037
Ellevest Inc
New York
$434K -$3.36K -14 -0.8%
SEIA
1038
Signature Estate & Investment Advisors
California
$434K +$1.2K +5 +0.3%
GLLW
1039
Graves Light Lenhart Wealth
Virginia
$434K – – –
EGWAG
1040
Elwood & Goetz Wealth Advisory Group
Georgia
$432K +$417K +1,739 New
OL
1041
Optas LLC
Texas
$432K +$417K +1,738 New
AIP
1042
ARS Investment Partners
New York
$431K -$25.2K -105 -6%
GHA
1043
GW Henssler & Associates
Georgia
$429K – – –
ST
1044
Sabal Trust
Florida
$427K -$14.6K -61 -3%
HFS
1045
Howard Financial Services
Texas
$427K – – –
YIA
1046
YHB Investment Advisors
Connecticut
$427K – – –
AAP
1047
Arax Advisory Partners
Colorado
$427K -$3.36K -14 -0.8%
CGH
1048
CMG Global Holdings
Texas
$424K – – –
CA
1049
Commerzbank Aktiengesellschaft
Germany
$423K +$87.3K +364 +27%
WWP
1050
Waypoint Wealth Partners
California
$421K – – –
40 41
42
43 44

NSC Hedge Fund Activity: Q3 2024 in Review

1,607 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2024, worth a combined $42.4B — up 15% from $36.7B a quarter earlier.

Buyers outnumbered sellers: 164 funds opened new NSC positions and 99 closed out — a net gain of 65 holders — while 481 added to existing stakes and 597 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $368M. The largest seller was Wells Fargo, cutting an estimated $498M.

  • 1,607 institutional investors held Norfolk Southern (NSC) as of Q3 2024, up from 1,561 in Q2 2024.
  • Funds reported $42.4B of Norfolk Southern stock for Q3 2024, up 15% quarter-over-quarter.
  • 164 funds opened new Norfolk Southern positions in Q3 2024 and 99 closed out, a net change of +65 holders.
  • The largest Norfolk Southern buyer in Q3 2024 was T. Rowe Price Associates, an estimated $368M added.
  • The largest Norfolk Southern seller in Q3 2024 was Wells Fargo, an estimated $498M sold.

Based on aggregated 13F filings for Q3 2024.