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 ($97.7m this quarter). Holder counts are more reliable. Shares outstanding: 2.0bn as of 2023-06-30, 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 ≈ $34.01. Options: 28 managers hold calls ($155.5m notional), 35 hold puts ($117.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,442 |
| Q4 2022 | 1,515 |
| Q1 2023 | 1,501 |
| Q2 2023 | 1,581 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 605 | 638 |
| Q1 2023 | 607 | 680 |
| Q2 2023 | 668 | 649 |
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 |
| Q1 2023 | $211.7m | $154.5m | 0.73 |
| Q2 2023 | $155.5m | $117.2m | 0.75 |
Biggest buyers
| Capital International Investors | Added | +20.1m |
| FIL Ltd | Added | +6.7m |
| JPMORGAN CHASE & CO | Added | +4.0m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +3.2m |
| Artemis Investment Management LLP | New | +3.2m |
| UBS Group AG | Added | +2.7m |
| Man Group plc | New | +2.0m |
| ZACKS INVESTMENT MANAGEMENT | New | +1.6m |
| NEUBERGER BERMAN GROUP LLC | Added | +1.6m |
| BARCLAYS PLC | Added | +1.4m |
Biggest sellers
| FMR LLC | Reduced | -20.9m |
| VIKING GLOBAL INVESTORS LP | Reduced | -9.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -5.1m |
| Man Group plc | Sold out | -4.8m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -4.7m |
| BlackRock Inc. | Reduced | -4.4m |
| VANGUARD GROUP INC | Reduced | -4.4m |
| Amundi | Reduced | -4.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.8m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -2.7m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $48.4m1.4m shares |
| CITADEL ADVISORS LLC | Reduced | $18.4m538.5k shares |
| UBS Group AG | Reduced | $16.1m472.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.0m294.2k shares |
| Walleye Capital LLC | New | $6.3m185.2k shares |
| GROUP ONE TRADING LLC | Added | $5.8m168.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $5.7m167.7k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $5.1m149.6k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $4.2m1.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $4.0m117.4k shares |
Biggest puts
| UBS Group AG | Unchanged | $19.5m572.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.9m437.0k shares |
| CITADEL ADVISORS LLC | Added | $9.3m273.8k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $8.7m2.5k shares |
| Walleye Capital LLC | Added | $7.8m227.8k shares |
| GOLDMAN SACHS GROUP INC | Added | $6.9m202.6k shares |
| HSBC HOLDINGS PLC | Reduced | $6.2m182.7k shares |
| Portman Square Capital LLP | New | $6.1m179.4k shares |
| BANK OF AMERICA CORP /DE/ | Added | $5.2m153.1k shares |
| CITIGROUP INC | Added | $4.8m141.0k 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 Q2 2023
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.14% of their portfolio | 178.6m $6.1bn | Reduced -4.4m |
| BlackRock Inc. 0.13% of their portfolio | 133.5m $4.6bn | Reduced -4.4m |
| Capital World Investors 0.58% of their portfolio | 87.8m $3.0bn | Added +1.4m |
| STATE STREET CORP 0.15% of their portfolio | 85.7m $2.9bn | Reduced -442.4k |
| Soroban Capital Partners LP 24.21% of their portfolio | 52.6m $1.8bn | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.22% of their portfolio | 46.4m $1.6bn | Reduced -5.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.16% of their portfolio | 38.9m $1.3bn | Reduced -322.6k |
| Capital International Investors 0.26% of their portfolio | 31.2m $1.1bn | Added +20.1m |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 30.7m $1.0bn | Reduced -2.3m |
| Capital Research Global Investors 0.26% of their portfolio | 28.6m $975.7m | Reduced -2.2m |
| LAZARD ASSET MANAGEMENT LLC 1.11% of their portfolio | 26.4m $901.7m | Reduced -1.1m |
| MORGAN STANLEY 0.08% of their portfolio | 23.6m $804.8m | Reduced -197.7k |
| ROYAL BANK OF CANADA 0.22% of their portfolio | 22.9m $782.0m | Added +961.9k |
| NORGES BANK 0.15% of their portfolio | 21.9m $746.9m | Added +1.1m |
| Fisher Asset Management, LLC 0.41% of their portfolio | 21.6m $735.9m | Added +593.9k |
| NORTHERN TRUST CORP 0.14% of their portfolio | 21.0m $716.2m | Reduced -2.0m |
| Legal & General Group Plc 0.21% of their portfolio | 19.3m $657.8m | Reduced -257.8k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 19.3m $657.8m | Added +4.0m |
| Bank of New York Mellon Corp 0.14% of their portfolio | 19.0m $646.3m | Reduced -871.8k |
| ALLIANCEBERNSTEIN L.P. 0.25% of their portfolio | 18.1m $617.8m | Added +21.6k |
| FMR LLC 0.05% of their portfolio | 17.7m $603.4m | Reduced -20.9m |
| NEUBERGER BERMAN GROUP LLC 0.53% of their portfolio | 17.5m $597.6m | Added +1.6m |
| Invesco Ltd. 0.14% of their portfolio | 15.9m $542.9m | Added +48.2k |
| VIKING GLOBAL INVESTORS LP 1.79% of their portfolio | 12.8m $436.7m | Reduced -9.3m |
| Nuveen Asset Management, LLC 0.15% of their portfolio | 12.6m $430.8m | Reduced -398.7k |
| DIMENSIONAL FUND ADVISORS LP 0.13% of their portfolio | 12.0m $409.9m | Added +51.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 11.0m $376.0m | Reduced -324.2k |
| AMERIPRISE FINANCIAL INC 0.11% of their portfolio | 10.2m $348.6m | Added +952.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.15% of their portfolio | 10.2m $305.7m | Unchanged |
| TWO SIGMA ADVISERS, LP 0.83% of their portfolio | 9.6m $326.7m | Reduced -1.3m |
| Amundi 0.15% of their portfolio | 8.7m $299.4m | Reduced -4.4m |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 8.7m $295.0m | Reduced -1.5m |
| Mitsubishi UFJ Trust & Banking Corp 0.61% of their portfolio | 7.7m $261.6m | Reduced -37.3k |
| Swiss National Bank 0.17% of their portfolio | 7.4m $252.3m | Reduced -945.4k |
| FIL Ltd 0.28% of their portfolio | 7.2m $246.2m | Added +6.7m |
| UBS Group AG 0.11% of their portfolio | 7.2m $244.8m | Added +2.7m |
| Maj Invest Holding A/S 5.91% of their portfolio | 7.0m $238.7m | Reduced -163.9k |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 6.8m $233.2m | Reduced -544.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.28% of their portfolio | 6.8m $230.5m | Reduced -52.0k |
| FIRST TRUST ADVISORS LP 0.26% of their portfolio | 6.7m $227.3m | Reduced -134.1k |
| Holocene Advisors, LP 0.90% of their portfolio | 6.0m $205.6m | Added +707.5k |
| Mirae Asset Global Investments Co., Ltd. 0.43% of their portfolio | 5.9m $202.8m | Added +279.5k |
| BARCLAYS PLC 0.12% of their portfolio | 5.6m $189.3m | Added +1.4m |
| TWO SIGMA INVESTMENTS, LP 0.49% of their portfolio | 5.4m $185.1m | Reduced -2.7m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.29% of their portfolio | 5.4m $183.1m | Added +3.2m |
| Sumitomo Mitsui Trust Group, Inc. 0.14% of their portfolio | 5.3m $182.2m | Reduced -951.6k |
| CREDIT SUISSE AG/ 0.18% of their portfolio | 5.3m $181.4m | Reduced -2.6m |
| Magellan Asset Management Ltd 1.60% of their portfolio | 5.3m $180.1m | Reduced -360.5k |
| APG Asset Management N.V. 0.30% of their portfolio | 4.8m $148.9m | Added +75.3k |
| HSBC HOLDINGS PLC 0.17% of their portfolio | 4.8m $162.1m | Added +511.6k |
| Point72 Asset Management, L.P. 0.54% of their portfolio | 4.5m $154.8m | Reduced -1.1m |
| COHEN & STEERS, INC. 0.32% of their portfolio | 4.5m $152.0m | Reduced -1.8m |
| CHILTON INVESTMENT CO INC. 4.17% of their portfolio | 4.2m $142.8m | Added +186.9k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 4.0m $137.2m | Reduced -287.2k |
| RHUMBLINE ADVISERS 0.15% of their portfolio | 4.0m $136.2m | Reduced -143.4k |
| National Pension Service 0.21% of their portfolio | 3.9m $131.7m | Added +341.1k |
| California Public Employees Retirement System 0.11% of their portfolio | 3.8m $127.9m | Reduced -263.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.15% of their portfolio | 3.5m $118.0m | Reduced -60.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.16% of their portfolio | 3.4m $116.1m | Reduced -158.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.25% of their portfolio | 3.3m $112.7m | Reduced -1.5m |
| M&G INVESTMENT MANAGEMENT LTD 0.66% of their portfolio | 3.3m $111.2m | Reduced -455.6k |
| PRUDENTIAL FINANCIAL INC 0.16% of their portfolio | 3.3m $111.1m | Added +203.7k |
| Public Sector Pension Investment Board 0.79% of their portfolio | 3.2m $110.2m | Added +406.3k |
| PRIMECAP MANAGEMENT CO/CA/ 0.09% of their portfolio | 3.2m $109.5m | Reduced -799.4k |
| Artemis Investment Management LLP 1.38% of their portfolio | 3.2m $108.0m | New |
| PNC Financial Services Group, Inc. 0.09% of their portfolio | 3.1m $106.2m | Reduced -74.4k |
| ClearBridge Investments Ltd 2.98% of their portfolio | 3.1m $105.6m | Reduced -237.7k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 3.0m $103.0m | Reduced -2.8m |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 2.9m $97.9m | Reduced -74.8k |
| Thrivent Financial for Lutherans 0.22% of their portfolio | 2.9m $97.4m | Reduced -177.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 2.9m $97.2m | Reduced -961.3k |
| Brandywine Global Investment Management, LLC 0.78% of their portfolio | 2.8m $93.8m | Reduced -805.2k |
| Calamos Advisors LLC 0.45% of their portfolio | 2.6m $89.0m | Added +154.7k |
| GREAT LAKES ADVISORS, LLC 0.88% of their portfolio | 2.6m $87.8m | Added +318.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.19% of their portfolio | 2.5m $84.8m | Reduced -18.4k |
| CITIGROUP INC 0.11% of their portfolio | 2.4m $83.0m | Reduced -777.3k |
| Palestra Capital Management LLC 4.06% of their portfolio | 2.4m $82.1m | Reduced -1.3m |
| DekaBank Deutsche Girozentrale 0.18% of their portfolio | 2.4m $81.4m | Added +9.9k |
| Homestead Advisers Corp 2.14% of their portfolio | 2.4m $80.5m | Added +11.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 2.3m $78.4m | Reduced -132.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.22% of their portfolio | 2.3m $78.3m | Added +12.7k |
| TORONTO DOMINION BANK 0.06% of their portfolio | 2.2m $75.5m | Added +1.2m |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.16% of their portfolio | 2.1m $71.8m | Reduced -130.5k |
| Man Group plc 0.21% of their portfolio | 2.0m $68.8m | New |
| COMERICA BANK 0.00% of their portfolio | 2.0m $133 | First filing |
| Manning & Napier Group, LLC 0.77% of their portfolio | 2.0m $67.2m | Reduced -5.2k |
| Corvex Management LP 3.69% of their portfolio | 2.0m $66.6m | Unchanged |
| 1832 Asset Management L.P. 0.13% of their portfolio | 1.9m $66.3m | Added +2.6k |
| ProShare Advisors LLC 0.19% of their portfolio | 1.9m $66.2m | Reduced -148.7k |
| LPL Financial LLC 0.05% of their portfolio | 1.9m $66.1m | Added +142.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 1.9m $65.3m | Added +78.4k |
| GLENMEDE TRUST CO NA 0.32% of their portfolio | 1.9m $56.1m | Reduced -592 |
| Junto Capital Management LP 1.60% of their portfolio | 1.8m $62.9m | Added +296.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.13% of their portfolio | 1.8m $62.2m | Added +8.8k |
| Capital Group Private Client Services, Inc. 0.73% of their portfolio | 1.8m $61.9m | Added +83.9k |
| Korea Investment CORP 0.17% of their portfolio | 1.8m $61.2m | Reduced -262.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.8m $61.1m | Added +803.0k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.08% of their portfolio | 1.8m $60.2m | Reduced -97.8k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 1.7m $57.4m | Reduced -769.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.44% of their portfolio | 1.7m $56.7m | Added +71.7k |