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Norfolk Southern

977 hedge funds and large institutions have $19.6B invested in Norfolk Southern in 2014 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 320 increasing their positions, 381 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 46

34% more call options, than puts

Call options by funds: $212M | Put options by funds: $158M

29% more funds holding in top 10

Funds holding in top 10: 2127 (+6)

6% more capital invested

Capital invested by funds: $18.5B → $19.6B (+$1.11B)

2% more funds holding

Funds holding: 957977 (+20)

3.68% less ownership

Funds ownership: 64.59%60.91% (-3.7%)

16% less repeat investments, than reductions

Existing positions increased: 320 | Existing positions reduced: 381

Holders
977
Holders Change
+20
Holders Change %
+2.09%
% of All Funds
28.22%
Holding in Top 10
27
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+28.57%
% of All Funds
0.78%
New
79
Increased
320
Reduced
381
Closed
46
Calls
$212M
Puts
$158M
Net Calls
+$53.2M
Net Calls Change
-$227M
Name Holding Trade Value Shares
Change
Change in
Stake
RJA
101
Raymond James & Associates
Florida
$29.3M -$1.93M -20,831 -6%
Swiss National Bank
102
Swiss National Bank
Switzerland
$29.1M -$3.11M -33,500 -10%
GC
103
Guggenheim Capital
Illinois
$28.1M -$384K -4,135 -1%
Stifel Financial
104
Stifel Financial
Missouri
$26.8M +$25.5M +275,351 New
EA
105
Euclid Advisors
Connecticut
$26.5M +$7.67M +82,710 +44%
NSLI
106
Nan Shan Life Insurance
Taiwan
$26M +$6.12M +66,000 +33%
GLA
107
Great Lakes Advisors
Illinois
$25.7M -$471K -5,079 -2%
SIC
108
Schwartz Investment Counsel
Michigan
$24.7M +$1.45M +15,600 +7%
CM
109
CS McKee
Pennsylvania
$24.6M -$1.47M -15,878 -6%
BCIM
110
British Columbia Investment Management
British Columbia, Canada
$24.4M -$897K -9,668 -4%
LM
111
Luminus Management
Texas
$24.3M +$13.2M +142,100 +132%
Franklin Resources
112
Franklin Resources
California
$24.1M -$698K -7,522 -3%
Ohio Public Employees Retirement System (OPERS)
113
Ohio Public Employees Retirement System (OPERS)
Ohio
$24M -$931K -10,036 -4%
RGI
114
River Global Investors
United Kingdom
$23.8M +$20.6M +222,178 +999%
PI
115
PGGM Investments
Netherlands
$23.4M +$22.3M +240,806 New
Chevy Chase Trust
116
Chevy Chase Trust
Maryland
$23.1M -$241K -2,600 -1%
RCAMU
117
Rothschild & Co Asset Management US
Connecticut
$22.6M +$320K +3,447 +2%
ARC
118
Absolute Return Capital
Massachusetts
$21.7M -$82.8M -892,618 -80%
State of Tennessee, Department of Treasury
119
State of Tennessee, Department of Treasury
Tennessee
$21.6M +$158K +1,700 +0.8%
ACM
120
Alta Capital Management
Utah
$21.6M +$409K +4,407 +2%
PAMU
121
Pictet Asset Management (UK)
United Kingdom
$21.5M -$529K -5,700 -3%
RFC
122
Regions Financial Corp
Alabama
$21.5M -$1.23M -13,267 -6%
Korea Investment Corp
123
Korea Investment Corp
South Korea
$20.4M -$1.6M -17,300 -8%
Lord, Abbett & Co
124
Lord, Abbett & Co
New Jersey
$20.4M -$529K -5,700 -3%
SO
125
STRS Ohio
Ohio
$20.4M -$399K -4,300 -2%

NSC Hedge Fund Activity: Q1 2014 in Review

977 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2014, worth a combined $19.6B — up 6% from $18.5B a quarter earlier.

Buyers outnumbered sellers: 79 funds opened new NSC positions and 46 closed out — a net gain of 33 holders — while 320 added to existing stakes and 381 trimmed.

The largest buyer was Bank of America, adding an estimated $388M. The largest seller was Cambiar Investors, exiting entirely with an estimated $104M sold.

  • 977 institutional investors held Norfolk Southern (NSC) as of Q1 2014, up from 957 in Q4 2013.
  • Funds reported $19.6B of Norfolk Southern stock for Q1 2014, up 6% quarter-over-quarter.
  • 79 funds opened new Norfolk Southern positions in Q1 2014 and 46 closed out, a net change of +33 holders.
  • The largest Norfolk Southern buyer in Q1 2014 was Bank of America, an estimated $388M added.
  • The largest Norfolk Southern seller in Q1 2014 was Cambiar Investors, an estimated $104M sold.

Based on aggregated 13F filings for Q1 2014.