Norfolk Southern
863 hedge funds and large institutions have $15.3B invested in Norfolk Southern in 2013 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 323 increasing their positions, 308 reducing their positions, and 53 closing their positions.
64% more call options, than puts
Call options by funds: $263M | Put options by funds: $160M
26% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 53
7% more funds holding in top 10
Funds holding in top 10: 15 → 16 (+1)
5% more capital invested
Capital invested by funds: $14.5B → $15.3B (+$773M)
5% more repeat investments, than reductions
Existing positions increased: 323 | Existing positions reduced: 308
1% more funds holding
Funds holding: 855 → 863 (+8)
0.07% more ownership
Funds ownership: 63.77% → 63.84% (+0.07%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$126M |
| 2 |
CIP
Cornerstone Investment Partners
Atlanta,
Georgia
|
+$87.1M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$69.4M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$55.3M |
| 5 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$53.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$102M |
| 2 |
First Eagle Investment Management
New York
|
-$82.8M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$68.7M |
| 4 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$63.7M |
| 5 |
FPP
Findlay Park Partners
London,
United Kingdom
|
-$58.3M |
NSC Hedge Fund Activity: Q3 2013 in Review
863 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2013, worth a combined $15.3B — up 5.3% from $14.5B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new NSC positions and 53 closed out — a net gain of 14 holders — while 323 added to existing stakes and 308 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $126M. The largest seller was Invesco, cutting an estimated $102M.
- 863 institutional investors held Norfolk Southern (NSC) as of Q3 2013, up from 855 in Q2 2013.
- Funds reported $15.3B of Norfolk Southern stock for Q3 2013, up 5.3% quarter-over-quarter.
- 67 funds opened new Norfolk Southern positions in Q3 2013 and 53 closed out, a net change of +14 holders.
- The largest Norfolk Southern buyer in Q3 2013 was Wellington Management Group, an estimated $126M added.
- The largest Norfolk Southern seller in Q3 2013 was Invesco, an estimated $102M sold.
Based on aggregated 13F filings for Q3 2013.