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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
OFG
1151
Oxford Financial Group
Indiana
$327K -$75K -313 -19%
CC
1152
Courier Capital
New York
$327K -$34.8K -145 -10%
MCM
1153
Manchester Capital Management
Vermont
$326K +$5.99K +25 +2%
CIG
1154
Cullen Investment Group
Louisiana
$326K +$29K +121 +10%
AIA
1155
Alera Investment Advisors
Illinois
$324K +$28.8K +120 +10%
PL
1156
Plancorp LLC
Missouri
$324K +$5.99K +25 +2%
BEAM
1157
Baker Ellis Asset Management
Washington
$323K – – –
CPSAC
1158
Chas P. Smith & Associates (CPS)
Florida
$322K +$3.36K +14 +1%
JCM
1159
Janney Capital Management
Pennsylvania
$322K +$14.1K +59 +5%
TCA
1160
Transcend Capital Advisors
New Jersey
$322K -$240 -1 -0.1%
FMC
1161
First Merchants Corp
Indiana
$321K – – –
TSS
1162
Two Sigma Securities
New York
$320K -$1.54M -6,421 -83%
BFA
1163
Beaumont Financial Advisors
Massachusetts
$320K +$3.6K +15 +1%
OBGC
1164
O'Brien Greene & Co
Pennsylvania
$316K -$7.43K -31 -2%
EFM
1165
E Fund Management
China
$315K +$304K +1,268 New
SPWM
1166
Schrum Private Wealth Management
Florida
$315K -$328K -1,367 -52%
FRA
1167
Front Row Advisors
California
$314K -$19.2K -80 -6%
RSWM
1168
Robertson Stephens Wealth Management
California
$314K -$9.83K -41 -3%
BFG
1169
Beacon Financial Group
Texas
$313K -$14.9K -62 -5%
SFP
1170
Shepherd Financial Partners
Massachusetts
$313K -$2.4K -10 -0.8%
SDWIA
1171
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$312K – – –
CC
1172
Capital Counsel
New York
$312K – – –
HBW
1173
Hazlett, Burt & Watson
West Virginia
$311K -$2.16K -9 -0.7%
CAMG
1174
CWA Asset Management Group
Florida
$310K +$299K +1,248 New
CAI
1175
Capital Advisors Inc
Oklahoma
$306K +$4.79K +20 +2%
45 46
47
48 49

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.