Norfolk Southern
1,034 hedge funds and large institutions have $23.1B invested in Norfolk Southern in 2017 Q1 according to their latest regulatory filings, with 93 funds opening new positions, 285 increasing their positions, 455 reducing their positions, and 67 closing their positions.
39% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 67
1% more funds holding
Funds holding: 1,019 → 1,034 (+15)
7% more call options, than puts
Call options by funds: $225M | Put options by funds: $209M
5% more capital invested
Capital invested by funds: $22.1B → $23.1B (+$1.01B)
3.47% less ownership
Funds ownership: 69.87% → 66.39% (-3.5%)
37% less repeat investments, than reductions
Existing positions increased: 285 | Existing positions reduced: 455
38% less funds holding in top 10
Funds holding in top 10: 21 → 13 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.21B |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$568M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$400M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$128M |
| 5 |
JP Morgan Chase
New York
|
+$119M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$195M |
| 2 |
SIG
Senator Investment Group
New York
|
-$184M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$171M |
| 4 |
LM
Luminus Management
Houston,
Texas
|
-$124M |
| 5 |
CIP
Cornerstone Investment Partners
Atlanta,
Georgia
|
-$95.3M |
NSC Hedge Fund Activity: Q1 2017 in Review
1,034 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2017, worth a combined $23.1B — up 4.6% from $22.1B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new NSC positions and 67 closed out — a net gain of 26 holders — while 285 added to existing stakes and 455 trimmed.
The largest buyer was BlackRock, adding an estimated $2.21B. The largest seller was Fidelity Investments, cutting an estimated $195M.
- 1,034 institutional investors held Norfolk Southern (NSC) as of Q1 2017, up from 1,019 in Q4 2016.
- Funds reported $23.1B of Norfolk Southern stock for Q1 2017, up 4.6% quarter-over-quarter.
- 93 funds opened new Norfolk Southern positions in Q1 2017 and 67 closed out, a net change of +26 holders.
- The largest Norfolk Southern buyer in Q1 2017 was BlackRock, an estimated $2.21B added.
- The largest Norfolk Southern seller in Q1 2017 was Fidelity Investments, an estimated $195M sold.
Based on aggregated 13F filings for Q1 2017.