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Norfolk Southern

1,261 hedge funds and large institutions have $27.7B invested in Norfolk Southern in 2020 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 355 increasing their positions, 565 reducing their positions, and 172 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more call options, than puts

Call options by funds: $346M | Put options by funds: $210M

4.36% less ownership

Funds ownership: 72.94%68.58% (-4.4%)

7% less funds holding

Funds holding: 1,3571,261 (-96)

25% less capital invested

Capital invested by funds: $36.9B → $27.7B (-$9.2B)

27% less funds holding in top 10

Funds holding in top 10: 3022 (-8)

37% less repeat investments, than reductions

Existing positions increased: 355 | Existing positions reduced: 565

45% less first-time investments, than exits

New positions opened: 94 | Existing positions closed: 172

Holders
1,261
Holders Change
-96
Holders Change %
-7.07%
% of All Funds
27.79%
Holding in Top 10
22
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-26.67%
% of All Funds
0.48%
New
94
Increased
355
Reduced
565
Closed
172
Calls
$346M
Puts
$210M
Net Calls
+$135M
Net Calls Change
+$118M
Name Holding Trade Value Shares
Change
Change in
Stake
SIM
1176
Sonora Investment Management
Arizona
$30K -$19.9K -108 -35%
BFC
1177
Bedel Financial Consulting
Indiana
$30K
QAM
1178
QCI Asset Management
New York
$30K
HFM
1179
Harvest Fund Management
China
$30K +$39.1K +212 New
AA
1180
Advisory Alpha
Michigan
$29.1K
ARMC
1181
American Research & Management Company
Massachusetts
$29K
BC
1182
Blackhill Capital
New Jersey
$29K
CMA
1183
Cedar Mountain Advisors
Oregon
$29K
VCM
1184
Vigilant Capital Management
Maine
$29K
WWM
1185
Willingdon Wealth Management
North Carolina
$29K
PFGIA
1186
Patriot Financial Group Insurance Agency
Massachusetts
$26K +$2.03K +11 +7%
HR
1187
Howe & Rusling
New York
$25K -$5.63M -30,496 -99%
BCMIO
1188
Beacon Capital Management Inc (Ohio)
Ohio
$24K
PB
1189
Pinnacle Bancorp
Nebraska
$24K
VCM
1190
Versant Capital Management
Arizona
$24K +$11.4K +62 +60%
OSAM
1191
O'Shaughnessy Asset Management
Connecticut
$23K -$111K -602 -79%
LAS
1192
Lloyd Advisory Services
Georgia
$23K -$7.94K -43 -21%
CWP
1193
CFM Wealth Partners
Texas
$23K
BL
1194
Balentine LLC
Georgia
$23K +$24K +130 +433%
SLF
1195
Sun Life Financial
Ontario, Canada
$22K -$185 -1 -0.6%
SIA
1196
SeaBridge Investment Advisors
New Jersey
$22K
WCG
1197
Weaver Consulting Group
California
$22K
NSIM
1198
North Star Investment Management
Illinois
$20K -$175K -949 -88%
FA
1199
Financial Advantage
Maryland
$20K
WCM
1200
Wealthcare Capital Management
Virginia
$18K -$3.88K -21 -14%

NSC Hedge Fund Activity: Q1 2020 in Review

1,261 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2020, worth a combined $27.7B — down 25% from $36.9B a quarter earlier.

Sellers outnumbered buyers: 172 funds closed out of NSC and 94 opened new positions — a net loss of 78 holders — while 565 trimmed existing stakes and 355 added.

The largest buyer was American Century Companies, adding an estimated $386M. The largest seller was Soroban Capital Partners, cutting an estimated $285M.

  • 1,261 institutional investors held Norfolk Southern (NSC) as of Q1 2020, down from 1,357 in Q4 2019.
  • Funds reported $27.7B of Norfolk Southern stock for Q1 2020, down 25% quarter-over-quarter.
  • 94 funds opened new Norfolk Southern positions in Q1 2020 and 172 closed out, a net change of -78 holders.
  • The largest Norfolk Southern buyer in Q1 2020 was American Century Companies, an estimated $386M added.
  • The largest Norfolk Southern seller in Q1 2020 was Soroban Capital Partners, an estimated $285M sold.

Based on aggregated 13F filings for Q1 2020.