Norfolk Southern
930 hedge funds and large institutions have $16.9B invested in Norfolk Southern in 2016 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 295 increasing their positions, 372 reducing their positions, and 76 closing their positions.
50% more call options, than puts
Call options by funds: $118M | Put options by funds: $78.9M
1% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 76
3% less capital invested
Capital invested by funds: $17.4B → $16.9B (-$488M)
1% less funds holding
Funds holding: 942 → 930 (-12)
4.72% less ownership
Funds ownership: 68.92% → 64.2% (-4.7%)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
21% less repeat investments, than reductions
Existing positions increased: 295 | Existing positions reduced: 372
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$307M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$117M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$114M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$74.4M |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
+$73.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$1.06B |
| 2 |
JP Morgan Chase
New York
|
-$48.9M |
| 3 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
-$43.1M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$39.3M |
| 5 |
Millennium Management
New York
|
-$38.7M |
NSC Hedge Fund Activity: Q1 2016 in Review
930 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2016, worth a combined $16.9B — down 2.8% from $17.4B a quarter earlier.
Sellers outnumbered buyers: 76 funds closed out of NSC and 75 opened new positions — a net loss of 1 holder — while 372 trimmed existing stakes and 295 added.
The largest buyer was Lazard Asset Management, adding an estimated $307M. The largest seller was Capital Research Global Investors, cutting an estimated $1.06B.
- 930 institutional investors held Norfolk Southern (NSC) as of Q1 2016, down from 942 in Q4 2015.
- Funds reported $16.9B of Norfolk Southern stock for Q1 2016, down 2.8% quarter-over-quarter.
- 75 funds opened new Norfolk Southern positions in Q1 2016 and 76 closed out, a net change of -1 holder.
- The largest Norfolk Southern buyer in Q1 2016 was Lazard Asset Management, an estimated $307M added.
- The largest Norfolk Southern seller in Q1 2016 was Capital Research Global Investors, an estimated $1.06B sold.
Based on aggregated 13F filings for Q1 2016.