CSX CORP CSX
COM · Common Stock · CUSIP 126408103 · ISIN US1264081035
American holding company focused on rail transportation and real estate in North America, among other industries
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($98.7m this quarter). Holder counts are more reliable. Shares outstanding: 2.1bn as of 2023-01-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $30.93. Options: 37 managers hold calls ($182.8m notional), 37 hold puts ($210.7m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,442 |
| Q4 2022 | 1,515 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $193.4m | $201.8m | 1.04 |
| Q4 2022 | $182.8m | $210.7m | 1.15 |
Biggest buyers
| VIKING GLOBAL INVESTORS LP | New | +15.5m |
| Maj Invest Holding A/S | New | +7.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +6.0m |
| JPMORGAN CHASE & CO | Added | +4.7m |
| MORGAN STANLEY | Added | +2.9m |
| Cottage Street Advisors LLC | Added | +2.8m |
| UBS Group AG | Added | +2.8m |
| Man Group plc | Added | +2.7m |
| NORGES BANK | Added | +2.4m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.3m |
Biggest sellers
| Capital World Investors | Reduced | -11.4m |
| Egerton Capital (UK) LLP | Reduced | -8.6m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -6.7m |
| FIRST TRUST ADVISORS LP | Reduced | -5.6m |
| ROYAL LONDON ASSET MANAGEMENT LTD | Reduced | -5.6m |
| Capital Research Global Investors | Reduced | -4.0m |
| D. E. Shaw & Co., Inc. | Reduced | -3.9m |
| Amundi | Reduced | -3.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -3.9m |
| FMR LLC | Reduced | -3.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $45.5m1.5m shares |
| JANE STREET GROUP, LLC | Added | $23.4m756.8k shares |
| HSBC HOLDINGS PLC | Added | $12.9m419.3k shares |
| Capula Management Ltd | Reduced | $12.0m386.0k shares |
| CITADEL ADVISORS LLC | Added | $11.9m382.8k shares |
| Squarepoint Ops LLC | Added | $9.6m309.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.9m254.9k shares |
| GROUP ONE TRADING LLC | Reduced | $7.0m226.7k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $6.8m2.2k shares |
| Walleye Trading LLC | Added | $6.7m217.4k shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | Reduced | $44.3m1.4m shares |
| UBS Group AG | Added | $28.8m930.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $19.0m6.1k shares |
| Capula Management Ltd | Added | $18.9m611.0k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $13.0m419.6k shares |
| HSBC HOLDINGS PLC | Unchanged | $12.4m402.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.8m350.2k shares |
| CITADEL ADVISORS LLC | Added | $10.6m341.5k shares |
| Walleye Trading LLC | Reduced | $7.2m231.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $6.4m205.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| JPMORGAN CHASE & CO 13G · institution new · filed 2025-02-12 | 5.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 2 | $3.4m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 1 | $332.1k | 1 | $516.0k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.16% of their portfolio | 184.0m $5.7bn | Reduced -899.3k |
| BlackRock Inc. 0.14% of their portfolio | 139.1m $4.3bn | Added +1.2m |
| STATE STREET CORP 0.17% of their portfolio | 93.5m $2.9bn | Reduced -999.6k |
| Capital World Investors 0.58% of their portfolio | 87.1m $2.7bn | Reduced -11.4m |
| Soroban Capital Partners LP 21.62% of their portfolio | 58.1m $1.8bn | Added +470.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.21% of their portfolio | 42.8m $1.3bn | Added +6.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.17% of their portfolio | 38.5m $1.2bn | Added +14.4k |
| Capital Research Global Investors 0.32% of their portfolio | 34.1m $1.1bn | Reduced -4.0m |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 31.4m $971.7m | Added +651.7k |
| ROYAL BANK OF CANADA 0.25% of their portfolio | 26.6m $824.6m | Reduced -655.3k |
| LAZARD ASSET MANAGEMENT LLC 1.09% of their portfolio | 25.5m $789.8m | Reduced -1.1m |
| NORTHERN TRUST CORP 0.15% of their portfolio | 22.8m $706.0m | Reduced -407.6k |
| MORGAN STANLEY 0.08% of their portfolio | 22.3m $691.4m | Added +2.9m |
| Bank of New York Mellon Corp 0.15% of their portfolio | 21.8m $674.9m | Reduced -277.7k |
| FMR LLC 0.07% of their portfolio | 21.3m $660.4m | Reduced -3.6m |
| Fisher Asset Management, LLC 0.43% of their portfolio | 20.6m $638.5m | Added +408.7k |
| NORGES BANK 0.15% of their portfolio | 20.1m $621.3m | Added +2.4m |
| Legal & General Group Plc 0.22% of their portfolio | 18.9m $586.1m | Reduced -877.1k |
| NEUBERGER BERMAN GROUP LLC 0.53% of their portfolio | 17.3m $536.3m | Reduced -322.6k |
| VIKING GLOBAL INVESTORS LP 2.41% of their portfolio | 15.5m $481.7m | New |
| Invesco Ltd. 0.14% of their portfolio | 15.3m $473.1m | Added +156.3k |
| GOLDMAN SACHS GROUP INC 0.12% of their portfolio | 14.0m $434.2m | Reduced -1.2m |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 13.5m $419.2m | Added +4.7m |
| ALLIANCEBERNSTEIN L.P. 0.19% of their portfolio | 13.3m $412.1m | Reduced -1.2m |
| DIMENSIONAL FUND ADVISORS LP 0.14% of their portfolio | 13.2m $410.3m | Reduced -1.4m |
| Nuveen Asset Management, LLC 0.15% of their portfolio | 12.7m $393.0m | Reduced -455.1k |
| Amundi 0.22% of their portfolio | 12.3m $397.9m | Reduced -3.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 11.2m $347.7m | Added +109.3k |
| Capital International Investors 0.09% of their portfolio | 11.2m $347.3m | Added +7.2k |
| Man Group plc 1.24% of their portfolio | 11.2m $345.6m | Added +2.7m |
| Winslow Capital Management, LLC 1.81% of their portfolio | 10.5m $324.7m | Added +441.2k |
| TWO SIGMA ADVISERS, LP 0.89% of their portfolio | 10.3m $318.8m | Added +446.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.15% of their portfolio | 9.1m $281.8m | Added +765.4k |
| BARCLAYS PLC 0.24% of their portfolio | 8.9m $275.8m | First filing |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 8.9m $275.8m | Reduced -411.1k |
| Swiss National Bank 0.19% of their portfolio | 8.7m $269.6m | Reduced -720.3k |
| DEUTSCHE BANK AG\ 0.15% of their portfolio | 8.6m $267.2m | Added +812.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.66% of their portfolio | 8.2m $252.5m | Reduced -2.3m |
| Maj Invest Holding A/S 6.40% of their portfolio | 7.8m $241.7m | New |
| CITADEL ADVISORS LLC 0.27% of their portfolio | 7.6m $235.7m | Added +261.1k |
| Egerton Capital (UK) LLP 2.02% of their portfolio | 7.6m $234.7m | Reduced -8.6m |
| UBS Group AG 0.10% of their portfolio | 7.0m $217.5m | Added +2.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.30% of their portfolio | 6.9m $214.2m | Reduced -3.9m |
| TWO SIGMA INVESTMENTS, LP 0.67% of their portfolio | 6.7m $208.0m | Reduced -830.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio | 6.3m $196.3m | Reduced -65.9k |
| CREDIT SUISSE AG/ 0.21% of their portfolio | 6.3m $195.3m | Reduced -1.2m |
| MILLENNIUM MANAGEMENT LLC 0.21% of their portfolio | 6.1m $188.6m | Added +2.3m |
| Magellan Asset Management Ltd 1.55% of their portfolio | 5.8m $180.8m | Reduced -328.7k |
| Mirae Asset Global Investments Co., Ltd. 0.41% of their portfolio | 5.1m $157.3m | Reduced -211.1k |
| Point72 Asset Management, L.P. 0.58% of their portfolio | 5.0m $154.7m | Added +186.6k |
| California Public Employees Retirement System 0.13% of their portfolio | 4.7m $146.8m | Reduced -175.3k |
| HSBC HOLDINGS PLC 0.18% of their portfolio | 4.6m $143.5m | Added +1.7m |
| APG Asset Management N.V. 0.27% of their portfolio | 4.5m $140.5m | Added +568.0k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 4.2m $130.9m | Reduced -68.2k |
| RHUMBLINE ADVISERS 0.17% of their portfolio | 4.1m $126.9m | Added +115.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 4.1m $126.0m | Added +42.9k |
| PRIMECAP MANAGEMENT CO/CA/ 0.11% of their portfolio | 4.0m $124.8m | Unchanged |
| Public Sector Pension Investment Board 0.96% of their portfolio | 3.9m $120.3m | Added +2.0m |
| RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio | 3.7m $115.1m | Reduced -6.7m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.16% of their portfolio | 3.7m $115.0m | Reduced -39.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.18% of their portfolio | 3.6m $112.9m | Reduced -14.8k |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 3.5m $110.5m | Added +251.8k |
| CHILTON INVESTMENT CO INC. 3.30% of their portfolio | 3.5m $107.9m | Added +276.0k |
| M&G INVESTMENT MANAGEMENT LTD 0.79% of their portfolio | 3.4m $106.8m | Reduced -579.7k |
| National Pension Service 0.21% of their portfolio | 3.4m $104.7m | Added +78.2k |
| PNC Financial Services Group, Inc. 0.10% of their portfolio | 3.2m $99.7m | Reduced -35.8k |
| RWC Asset Management LLP 3.12% of their portfolio | 3.2m $99.4m | Reduced -20.4k |
| PRUDENTIAL FINANCIAL INC 0.16% of their portfolio | 3.0m $94.1m | Added +1.2m |
| Cottage Street Advisors LLC 4.65% of their portfolio | 2.9m $901.3k | Added +2.8m |
| Thrivent Financial for Lutherans 0.23% of their portfolio | 2.8m $86.9m | Reduced -170.0k |
| Calamos Advisors LLC 0.39% of their portfolio | 2.6m $81.2m | Reduced -115.2k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 2.6m $79.6m | Reduced -227.8k |
| CITIGROUP INC 0.11% of their portfolio | 2.6m $79.3m | Added +14.9k |
| ClearBridge Investments Ltd 2.41% of their portfolio | 2.6m $79.0m | Reduced -100.0k |
| CAPITAL FUND MANAGEMENT S.A. 1.72% of their portfolio | 2.5m $78.0m | Added +466.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.19% of their portfolio | 2.5m $77.6m | Reduced -119.0k |
| DekaBank Deutsche Girozentrale 0.20% of their portfolio | 2.4m $75.0m | Added +35.9k |
| ROTHSCHILD & CO ASSET MANAGEMENT US INC. 1.13% of their portfolio | 2.4m $74.4m | Added +55.7k |
| Homestead Advisers Corp 1.99% of their portfolio | 2.4m $74.5m | Added +1.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 2.4m $74.4m | Reduced -108.5k |
| GLENMEDE TRUST CO NA 0.42% of their portfolio | 2.3m $72.2m | Added +1.1m |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.18% of their portfolio | 2.3m $71.2m | Reduced -77.2k |
| Ardevora Asset Management LLP 1.21% of their portfolio | 2.3m $70.9m | Reduced -175.0k |
| Korea Investment CORP 0.22% of their portfolio | 2.2m $69.5m | Reduced -156.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.16% of their portfolio | 2.2m $66.9m | Reduced -137.8k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.11% of their portfolio | 2.1m $64.5m | Added +61.2k |
| ProShare Advisors LLC 0.21% of their portfolio | 1.9m $59.1m | Reduced -249.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 1.9m $58.9m | Reduced -595 |
| PANAGORA ASSET MANAGEMENT INC 0.38% of their portfolio | 1.9m $58.4m | Added +379.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.15% of their portfolio | 1.9m $57.8m | Reduced -2.4m |
| NORDEA INVESTMENT MANAGEMENT AB 0.08% of their portfolio | 1.8m $54.4m | Added +240.4k |
| ExodusPoint Capital Management, LP 0.84% of their portfolio | 1.7m $54.2m | Added +737.9k |
| Capital Group Private Client Services, Inc. 0.68% of their portfolio | 1.7m $53.9m | Reduced -14.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 1.7m $51.7m | Reduced -778.6k |
| LPL Financial LLC 0.04% of their portfolio | 1.7m $51.4m | Added +108.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.14% of their portfolio | 1.7m $51.1m | Added +99.0k |
| CI INVESTMENTS INC. 0.26% of their portfolio | 1.7m $51.3m | Reduced -54.6k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.43% of their portfolio | 1.7m $51.2m | Added +182.7k |
| NATIONAL BANK OF CANADA /FI/ 0.14% of their portfolio | 1.6m $50.7m | Added +991.2k |
| EARNEST PARTNERS LLC 0.31% of their portfolio | 1.6m $50.4m | Added +32.9k |