Norfolk Southern
1,260 hedge funds and large institutions have $27.7B invested in Norfolk Southern in 2020 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 354 increasing their positions, 565 reducing their positions, and 173 closing their positions.
64% more call options, than puts
Call options by funds: $346M | Put options by funds: $210M
4.39% less ownership
Funds ownership: 72.93% → 68.54% (-4.4%)
7% less funds holding
Funds holding: 1,358 → 1,260 (-98)
25% less capital invested
Capital invested by funds: $36.9B → $27.7B (-$9.17B)
27% less funds holding in top 10
Funds holding in top 10: 30 → 22 (-8)
37% less repeat investments, than reductions
Existing positions increased: 354 | Existing positions reduced: 565
46% less first-time investments, than exits
New positions opened: 94 | Existing positions closed: 173
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$386M |
| 2 |
Lazard Asset Management
New York
|
+$332M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$227M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
+$211M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$160M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
-$285M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$234M |
| 3 |
CIA
ClearBridge Investments (Australia)
Sydney,
Australia
|
-$142M |
| 4 |
Millennium Management
New York
|
-$131M |
| 5 |
JP Morgan Chase
New York
|
-$102M |
NSC Hedge Fund Activity: Q1 2020 in Review
1,260 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2020, worth a combined $27.7B — down 25% from $36.9B a quarter earlier.
Sellers outnumbered buyers: 173 funds closed out of NSC and 94 opened new positions — a net loss of 79 holders — while 565 trimmed existing stakes and 354 added.
The largest buyer was American Century Companies, adding an estimated $386M. The largest seller was Soroban Capital Partners, cutting an estimated $285M.
- 1,260 institutional investors held Norfolk Southern (NSC) as of Q1 2020, down from 1,358 in Q4 2019.
- Funds reported $27.7B of Norfolk Southern stock for Q1 2020, down 25% quarter-over-quarter.
- 94 funds opened new Norfolk Southern positions in Q1 2020 and 173 closed out, a net change of -79 holders.
- The largest Norfolk Southern buyer in Q1 2020 was American Century Companies, an estimated $386M added.
- The largest Norfolk Southern seller in Q1 2020 was Soroban Capital Partners, an estimated $285M sold.
Based on aggregated 13F filings for Q1 2020.