Norfolk Southern
1,527 hedge funds and large institutions have $37.9B invested in Norfolk Southern in 2023 Q2 according to their latest regulatory filings, with 124 funds opening new positions, 481 increasing their positions, 567 reducing their positions, and 82 closing their positions.
51% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 82
7% more capital invested
Capital invested by funds: $35.3B → $37.9B (+$2.6B)
7% more funds holding in top 10
Funds holding in top 10: 15 → 16 (+1)
2% more funds holding
Funds holding: 1,497 → 1,527 (+30)
0.31% more ownership
Funds ownership: 73.31% → 73.63% (+0.31%)
10% less call options, than puts
Call options by funds: $221M | Put options by funds: $244M
15% less repeat investments, than reductions
Existing positions increased: 481 | Existing positions reduced: 567
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
+$914M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$531M |
| 3 |
JP Morgan Chase
New York
|
+$353M |
| 4 |
Two Sigma Advisers
New York
|
+$127M |
| 5 |
BlackRock
New York
|
+$99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$1.13B |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$162M |
| 3 |
Millennium Management
New York
|
-$158M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$149M |
| 5 |
Renaissance Technologies
New York
|
-$59.3M |
NSC Hedge Fund Activity: Q2 2023 in Review
1,527 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q2 2023, worth a combined $37.9B — up 7.4% from $35.3B a quarter earlier.
Buyers outnumbered sellers: 124 funds opened new NSC positions and 82 closed out — a net gain of 42 holders — while 481 added to existing stakes and 567 trimmed.
The largest buyer was Dodge & Cox, adding an estimated $914M. The largest seller was Capital International Investors, cutting an estimated $1.13B.
- 1,527 institutional investors held Norfolk Southern (NSC) as of Q2 2023, up from 1,497 in Q1 2023.
- Funds reported $37.9B of Norfolk Southern stock for Q2 2023, up 7.4% quarter-over-quarter.
- 124 funds opened new Norfolk Southern positions in Q2 2023 and 82 closed out, a net change of +42 holders.
- The largest Norfolk Southern buyer in Q2 2023 was Dodge & Cox, an estimated $914M added.
- The largest Norfolk Southern seller in Q2 2023 was Capital International Investors, an estimated $1.13B sold.
Based on aggregated 13F filings for Q2 2023.