NSC ranks #164 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
NSC is a disclosed holding of Israel Englander (Millennium Management), one of the tracked superinvestors on AlphaSMO — it makes up 0.6% of that fund's own 13F portfolio.
NSC is a top-conviction position for Kryger Capital LLC — at 13.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in NSC belongs to BlackRock, Inc., but the position matters far more to Kryger Capital LLC, who has 13.8% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
BlackRock has added to its NSC position for two straight quarters, increasing it by $729.9M to reach $5.0B today.
Dodge & Cox has trimmed its NSC position for two straight quarters, cutting it by $2.0B while still holding $789.0M.
NSC is down 2.9% today, but institutions show net buying of $21.8B this quarter — a divergence between today's price move and the underlying institutional flow.