Norfolk Southern Corporation sees increased institutional investment

Several institutional investors have recently modified their positions in Norfolk Southern Corporation (NYSE: NSC). According to recent SEC filings, SCS Capital Management LLC acquired a new position in the railroad operator during the second quarter, purchasing 43,986 shares valued at approximately $13,837,000.

During the same period, Beverly Hills Private Wealth LLC also established a new stake, acquiring 3,934 shares worth roughly $1,237,000. Other firms, including Sivia Capital Partners LLC, also reported new positions in the second quarter.

Additional institutional activity includes increased holdings from Jump Financial LLC, which raised its stake by 185.1%, and Schnieders Capital Management LLC, which grew its position by 64.1%. Institutional investors and hedge funds collectively own 75.10% of the company's stock.