Norfolk Southern
1,019 hedge funds and large institutions have $22.1B invested in Norfolk Southern in 2016 Q4 according to their latest regulatory filings, with 139 funds opening new positions, 282 increasing their positions, 403 reducing their positions, and 61 closing their positions.
128% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 61
75% more funds holding in top 10
Funds holding in top 10: 12 → 21 (+9)
12% more capital invested
Capital invested by funds: $19.7B → $22.1B (+$2.39B)
7% more funds holding
Funds holding: 955 → 1,019 (+64)
0.25% more ownership
Funds ownership: 69.62% → 69.87% (+0.25%)
19% less call options, than puts
Call options by funds: $235M | Put options by funds: $292M
30% less repeat investments, than reductions
Existing positions increased: 282 | Existing positions reduced: 403
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$224M |
| 2 |
SIG
Senator Investment Group
New York
|
+$172M |
| 3 |
JP Morgan Chase
New York
|
+$125M |
| 4 |
CCM
Conatus Capital Management
Greenwich,
Connecticut
|
+$104M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$84.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$504M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$364M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$198M |
| 4 |
CIA
ClearBridge Investments (Australia)
Sydney,
Australia
|
-$126M |
| 5 |
Lazard Asset Management
New York
|
-$64.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1076
1832 Asset Management
Toronto,
Ontario, Canada
| – | -$7K | -70 | Closed |
|
|
IFA
1077
Interactive Financial Advisors
New Lenox,
Illinois
| – | -$5K | -50 | Closed |
|
|
HCM
1078
Herndon Capital Management
Atlanta,
Georgia
| – | -$3K | -27 | Closed |
|
|
MFBTD
1079
MB Financial Bank - Trust Department
Rosemont,
Illinois
| – | -$2K | -16 | Closed |
|
|
MWM
1080
MinichMacGregor Wealth Management
Saratoga Springs,
New York
| – | -$1K | -16 | Closed |
|
NSC Hedge Fund Activity: Q4 2016 in Review
1,019 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q4 2016, worth a combined $22.1B — up 12% from $19.7B a quarter earlier.
Buyers outnumbered sellers: 139 funds opened new NSC positions and 61 closed out — a net gain of 78 holders — while 282 added to existing stakes and 403 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $224M. The largest seller was Capital World Investors, cutting an estimated $504M.
- 1,019 institutional investors held Norfolk Southern (NSC) as of Q4 2016, up from 955 in Q3 2016.
- Funds reported $22.1B of Norfolk Southern stock for Q4 2016, up 12% quarter-over-quarter.
- 139 funds opened new Norfolk Southern positions in Q4 2016 and 61 closed out, a net change of +78 holders.
- The largest Norfolk Southern buyer in Q4 2016 was Fidelity Investments, an estimated $224M added.
- The largest Norfolk Southern seller in Q4 2016 was Capital World Investors, an estimated $504M sold.
Based on aggregated 13F filings for Q4 2016.