Norfolk Southern
1,293 hedge funds and large institutions have $33.1B invested in Norfolk Southern in 2020 Q2 according to their latest regulatory filings, with 122 funds opening new positions, 383 increasing their positions, 520 reducing their positions, and 77 closing their positions.
60% more call options, than puts
Call options by funds: $401M | Put options by funds: $252M
58% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 77
19% more capital invested
Capital invested by funds: $27.7B → $33.1B (+$5.36B)
4.94% more ownership
Funds ownership: 68.58% → 73.52% (+4.9%)
3% more funds holding
Funds holding: 1,261 → 1,293 (+32)
9% less funds holding in top 10
Funds holding in top 10: 22 → 20 (-2)
26% less repeat investments, than reductions
Existing positions increased: 383 | Existing positions reduced: 520
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$330M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$263M |
| 3 |
BlackRock
New York
|
+$198M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$120M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$101M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$507M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$258M |
| 3 |
SCP
Soroban Capital Partners
New York
|
-$160M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$113M |
| 5 |
PCM
Palestra Capital Management
New York
|
-$95.4M |
NSC Hedge Fund Activity: Q2 2020 in Review
1,293 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q2 2020, worth a combined $33.1B — up 19% from $27.7B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new NSC positions and 77 closed out — a net gain of 45 holders — while 383 added to existing stakes and 520 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $330M. The largest seller was Lazard Asset Management, cutting an estimated $507M.
- 1,293 institutional investors held Norfolk Southern (NSC) as of Q2 2020, up from 1,261 in Q1 2020.
- Funds reported $33.1B of Norfolk Southern stock for Q2 2020, up 19% quarter-over-quarter.
- 122 funds opened new Norfolk Southern positions in Q2 2020 and 77 closed out, a net change of +45 holders.
- The largest Norfolk Southern buyer in Q2 2020 was JP Morgan Chase, an estimated $330M added.
- The largest Norfolk Southern seller in Q2 2020 was Lazard Asset Management, an estimated $507M sold.
Based on aggregated 13F filings for Q2 2020.