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Norfolk Southern

1,589 hedge funds and large institutions have $41.6B invested in Norfolk Southern in 2022 Q4 according to their latest regulatory filings, with 190 funds opening new positions, 458 increasing their positions, 563 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

168% more first-time investments, than exits

New positions opened: 190 | Existing positions closed: 71

67% more call options, than puts

Call options by funds: $481M | Put options by funds: $288M

13% more capital invested

Capital invested by funds: $36.8B → $41.6B (+$4.84B)

11% more funds holding in top 10

Funds holding in top 10: 1921 (+2)

6% more funds holding

Funds holding: 1,5001,589 (+89)

0.05% more ownership

Funds ownership: 73.24%73.3% (+0.05%)

19% less repeat investments, than reductions

Existing positions increased: 458 | Existing positions reduced: 563

Holders
1,589
Holders Change
+89
Holders Change %
+5.93%
% of All Funds
25.54%
Holding in Top 10
21
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+10.53%
% of All Funds
0.34%
New
190
Increased
458
Reduced
563
Closed
71
Calls
$481M
Puts
$288M
Net Calls
+$193M
Net Calls Change
+$74.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$4.57B -$15.9M -67,229 -0.4%
BlackRock
2
BlackRock
New York
$3.88B -$15.2M -64,330 -0.4%
JP Morgan Chase
3
JP Morgan Chase
New York
$2.85B -$595M -2,517,072 -18%
State Street
4
State Street
Massachusetts
$2.5B -$10.1M -42,671 -0.4%
Capital International Investors
5
Capital International Investors
California
$1.91B +$63.1M +266,883 +4%
Lazard Asset Management
6
Lazard Asset Management
New York
$1.76B -$119M -502,673 -7%
Capital World Investors
7
Capital World Investors
California
$1.51B +$80.4M +339,808 +6%
Wells Fargo
8
Wells Fargo
California
$1.01B +$216K +914 +0%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$1.01B +$6.15M +25,997 +0.6%
Northern Trust
10
Northern Trust
Illinois
$826M +$17.6M +74,327 +2%
Bank of America
11
Bank of America
North Carolina
$748M +$2.98M +12,607 +0.4%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$692M +$8.38M +35,408 +1%
T. Rowe Price Associates
13
T. Rowe Price Associates
Maryland
$671M +$299M +1,265,666 +87%
Morgan Stanley
14
Morgan Stanley
New York
$627M +$151M +638,384 +33%
Norges Bank
15
Norges Bank
Norway
$537M +$34.5M +145,712 +7%
Franklin Resources
16
Franklin Resources
California
$503M +$26.1M +110,529 +6%
Legal & General Group
17
Legal & General Group
United Kingdom
$502M -$20.9M -88,210 -4%
AWA
18
Arete Wealth Advisors
Illinois
$386M
Goldman Sachs
19
Goldman Sachs
New York
$371M -$48.8M -206,490 -12%
Fidelity International
20
Fidelity International
Bermuda
$369M -$16.2M -68,610 -4%
Cohen & Steers
21
Cohen & Steers
New York
$365M +$37M +156,343 +12%
American Century Companies
22
American Century Companies
Missouri
$362M +$20.1M +84,779 +6%
LCOV
23
London Company of Virginia
Virginia
$358M -$1.84M -7,777 -0.5%
GWA
24
Gibson Wealth Advisors
Texas
$338M +$333M +1,407,958 +6,200%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$337M -$22M -92,988 -6%

NSC Hedge Fund Activity: Q4 2022 in Review

1,589 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q4 2022, worth a combined $41.6B — up 13% from $36.8B a quarter earlier.

Buyers outnumbered sellers: 190 funds opened new NSC positions and 71 closed out — a net gain of 119 holders — while 458 added to existing stakes and 563 trimmed.

The largest buyer was Gibson Wealth Advisors, adding an estimated $333M. The largest seller was JP Morgan Chase, cutting an estimated $595M.

  • 1,589 institutional investors held Norfolk Southern (NSC) as of Q4 2022, up from 1,500 in Q3 2022.
  • Funds reported $41.6B of Norfolk Southern stock for Q4 2022, up 13% quarter-over-quarter.
  • 190 funds opened new Norfolk Southern positions in Q4 2022 and 71 closed out, a net change of +119 holders.
  • The largest Norfolk Southern buyer in Q4 2022 was Gibson Wealth Advisors, an estimated $333M added.
  • The largest Norfolk Southern seller in Q4 2022 was JP Morgan Chase, an estimated $595M sold.

Based on aggregated 13F filings for Q4 2022.