Norfolk Southern
NSC
1,444 hedge funds and large institutions have $33.1B invested in Norfolk Southern in 2023 Q3 according to their latest regulatory filings, with 85 funds opening new positions, 472 increasing their positions, 531 reducing their positions, and 151 closing their positions.
7% more capital inflows, than outflows
Capital inflows: $2.56B | Capital outflows: $2.4B
0.48% more ownership
Funds ownership: 73.53% → 74.02% (+0.48%)
5% less funds holding
Funds holding: 1,527 → 1,444 (-83)
11% less repeat investments, than reductions
Existing positions increased: 472 | Existing positions reduced: 531
19% less funds holding in top 10
Funds holding in top 10: 16 → 13 (-3)
19% less call options, than puts
Call options by funds: $188M | Put options by funds: $232M
44% less first-time investments, than exits
New positions opened: 85 | Existing positions closed: 151
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
+$458M |
| 2 |
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$306M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$240M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$152M |
| 5 |
London Company of Virginia
Richmond,
Virginia
|
+$125M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$410M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$196M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$158M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$120M |
| 5 |
BlackRock
New York
|
-$119M |
NSC Hedge Fund Activity: Q3 2023 in Review
1,444 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2023, worth a combined $33.1B — down 13% from $37.9B a quarter earlier.
Sellers outnumbered buyers: 151 funds closed out of NSC and 85 opened new positions — a net loss of 66 holders — while 531 trimmed existing stakes and 472 added.
The largest buyer was Dodge & Cox, adding an estimated $458M. The largest seller was Capital World Investors, cutting an estimated $410M.
- 1,444 institutional investors held Norfolk Southern (NSC) as of Q3 2023, down from 1,527 in Q2 2023.
- Funds reported $33.1B of Norfolk Southern stock for Q3 2023, down 13% quarter-over-quarter.
- 85 funds opened new Norfolk Southern positions in Q3 2023 and 151 closed out, a net change of -66 holders.
- The largest Norfolk Southern buyer in Q3 2023 was Dodge & Cox, an estimated $458M added.
- The largest Norfolk Southern seller in Q3 2023 was Capital World Investors, an estimated $410M sold.
Based on aggregated 13F filings for Q3 2023.