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 ($124.1m this quarter). Holder counts are more reliable. Shares outstanding: 1.9bn as of 2024-06-30, 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 ≈ $33.44. Options: 35 managers hold calls ($183.6m notional), 41 hold puts ($191.0m).
Trends to Q2 2024
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 |
| Q3 2023 | 1,547 |
| Q4 2023 | 1,668 |
| Q1 2024 | 1,692 |
| Q2 2024 | 1,661 |
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 |
| Q3 2023 | 632 | 682 |
| Q4 2023 | 662 | 686 |
| Q1 2024 | 743 | 704 |
| Q2 2024 | 722 | 701 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $151.8m | $123.5m | 0.81 |
| Q4 2023 | $175.3m | $159.6m | 0.91 |
| Q1 2024 | $193.6m | $211.1m | 1.09 |
| Q2 2024 | $183.6m | $191.0m | 1.04 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +41.5m |
| BlackRock Inc. | Added | +5.9m |
| Interval Partners, LP | Added | +4.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +3.9m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +3.4m |
| Balyasny Asset Management L.P. | Added | +3.3m |
| AMERIPRISE FINANCIAL INC | Added | +3.2m |
| Qube Research & Technologies Ltd | Added | +3.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.7m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.4m |
Biggest sellers
| MORGAN STANLEY | Reduced | -49.5m |
| Capital World Investors | Reduced | -32.9m |
| ROYAL BANK OF CANADA | Reduced | -12.7m |
| Capital Research Global Investors | Reduced | -10.1m |
| Soroban Capital Partners LP | Reduced | -9.7m |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -5.4m |
| FMR LLC | Reduced | -4.8m |
| COHEN & STEERS, INC. | Reduced | -2.4m |
| STATE STREET CORP | Reduced | -2.0m |
| Man Group plc | Reduced | -1.9m |
Biggest calls
| Point72 Asset Management, L.P. | Added | $25.7m767.5k shares |
| CITADEL ADVISORS LLC | Added | $22.3m666.3k shares |
| UBS Group AG | Added | $19.6m587.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $18.1m541.6k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $10.3m308.5k shares |
| SIMPLEX TRADING, LLC | Added | $7.6m228.2k shares |
| GOLDMAN SACHS GROUP INC | Added | $7.1m213.6k shares |
| Parallax Volatility Advisers, L.P. | Added | $5.9m175.9k shares |
| HSBC HOLDINGS PLC | New | $5.6m171.0k shares |
| JANE STREET GROUP, LLC | Reduced | $5.6m168.3k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Reduced | $21.2m633.7k shares |
| UBS Group AG | Added | $16.6m496.6k shares |
| CITIGROUP INC | Added | $15.7m470.5k shares |
| CITADEL ADVISORS LLC | Reduced | $13.2m395.3k shares |
| SIMPLEX TRADING, LLC | Added | $13.1m391.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $12.9m386.2k shares |
| Portman Square Capital LLP | New | $12.3m367.5k shares |
| BANK OF AMERICA CORP /DE/ | Added | $11.4m341.3k shares |
| Walleye Capital LLC | Added | $9.2m276.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $8.8m2.6k 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 2024
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 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 3 | $12.6m | $9.0m |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 175.0m $5.9bn | Reduced -120.5k |
| JPMORGAN CHASE & CO 0.24% of their portfolio | 166.9m $5.6bn | Added +41.5m |
| BlackRock Inc. 0.11% of their portfolio | 146.8m $4.9bn | Added +5.9m |
| STATE STREET CORP 0.12% of their portfolio | 81.8m $2.7bn | Reduced -2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.28% of their portfolio | 69.1m $2.3bn | Added +3.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 40.7m $1.4bn | Added +265.9k |
| Capital International Investors 0.24% of their portfolio | 34.7m $1.2bn | Added +1.8m |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 33.2m $1.1bn | Reduced -1.5m |
| MORGAN STANLEY 0.07% of their portfolio | 25.4m $849.0m | Reduced -49.5m |
| Fisher Asset Management, LLC 0.35% of their portfolio | 23.8m $796.1m | Added +871.8k |
| NORGES BANK 0.11% of their portfolio | 22.5m $752.3m | Reduced -1.5m |
| Invesco Ltd. 0.15% of their portfolio | 21.1m $706.5m | Added +1.7m |
| LAZARD ASSET MANAGEMENT LLC 0.88% of their portfolio | 20.9m $698.6m | Added +2.0m |
| NORTHERN TRUST CORP 0.11% of their portfolio | 19.4m $647.8m | Reduced -195.3k |
| Legal & General Group Plc 0.18% of their portfolio | 19.2m $641.2m | Reduced -1.7m |
| Soroban Capital Partners LP 9.05% of their portfolio | 18.4m $616.0m | Reduced -9.7m |
| NEUBERGER BERMAN GROUP LLC 0.49% of their portfolio | 18.0m $600.7m | Reduced -823.9k |
| Bank of New York Mellon Corp 0.11% of their portfolio | 17.1m $573.1m | Added +1.1m |
| FMR LLC 0.03% of their portfolio | 14.2m $473.8m | Reduced -4.8m |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 12.4m $415.5m | Added +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 12.0m $401.7m | Added +2.7m |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 11.8m $394.1m | Added +1.6m |
| ALLIANCEBERNSTEIN L.P. 0.14% of their portfolio | 11.7m $393.0m | Added +967.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 11.5m $386.0m | Added +147.0k |
| AMERIPRISE FINANCIAL INC 0.10% of their portfolio | 11.2m $376.0m | Added +3.2m |
| Nuveen Asset Management, LLC 0.11% of their portfolio | 11.0m $368.9m | Reduced -403.3k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 10.2m $341.3m | Reduced -12.7m |
| Amundi 0.12% of their portfolio | 9.4m $316.1m | Reduced -1.7m |
| Capital World Investors 0.05% of their portfolio | 8.8m $295.2m | Reduced -32.9m |
| Capital Research Global Investors 0.06% of their portfolio | 8.8m $294.9m | Reduced -10.1m |
| UBS Group AG 0.09% of their portfolio | 8.6m $289.1m | Reduced -133.8k |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 8.2m $275.2m | Added +751.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.47% of their portfolio | 7.7m $256.4m | Reduced -131.5k |
| FIRST TRUST ADVISORS LP 0.26% of their portfolio | 7.6m $254.5m | Added +1.5m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.60% of their portfolio | 7.5m $250.7m | First filing |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 6.7m $225.9m | Added +1.9m |
| MILLENNIUM MANAGEMENT LLC 0.18% of their portfolio | 6.7m $223.7m | Added +2.4m |
| PNC Financial Services Group, Inc. 0.14% of their portfolio | 6.4m $213.2m | Added +249.3k |
| HSBC HOLDINGS PLC 0.14% of their portfolio | 6.3m $212.0m | Reduced -54.2k |
| Maj Invest Holding A/S 5.76% of their portfolio | 6.2m $207.1m | Reduced -226.3k |
| BARCLAYS PLC 0.09% of their portfolio | 6.2m $205.8m | Reduced -1.1m |
| Swiss National Bank 0.13% of their portfolio | 5.8m $194.0m | Reduced -117.4k |
| Point72 Asset Management, L.P. 0.62% of their portfolio | 5.7m $191.9m | Reduced -273.4k |
| Interval Partners, LP 5.02% of their portfolio | 5.1m $171.2m | Added +4.6m |
| Magellan Asset Management Ltd 1.55% of their portfolio | 4.9m $162.3m | Added +364.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 4.8m $159.9m | Reduced -365.5k |
| VIKING GLOBAL INVESTORS LP 0.61% of their portfolio | 4.7m $158.5m | Added +780.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.17% of their portfolio | 4.7m $156.8m | Added +342.2k |
| APG Asset Management N.V. 0.24% of their portfolio | 4.4m $137.3m | Reduced -601.7k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 4.4m $146.3m | Added +377.3k |
| National Pension Service 0.16% of their portfolio | 4.2m $139.9m | Added +60.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.51% of their portfolio | 4.1m $136.2m | Added +3.4m |
| Qube Research & Technologies Ltd 0.25% of their portfolio | 4.1m $135.9m | Added +3.1m |
| Brandywine Global Investment Management, LLC 0.97% of their portfolio | 3.9m $130.2m | Added +422.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 3.7m $125.4m | Reduced -1.7m |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 3.7m $123.8m | Reduced -137.5k |
| M&G PLC 0.70% of their portfolio | 3.6m $119.2m | Added +203.5k |
| ClearBridge Investments Ltd 3.42% of their portfolio | 3.5m $116.9m | Reduced -533.1k |
| MANNING & NAPIER ADVISORS LLC 1.31% of their portfolio | 3.5m $116.4m | First filing |
| California Public Employees Retirement System 0.08% of their portfolio | 3.4m $114.5m | Reduced -65.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio | 3.4m $114.2m | Reduced -210.7k |
| CITIGROUP INC 0.11% of their portfolio | 3.4m $112.2m | Added +1.1m |
| Thrivent Financial for Lutherans 0.23% of their portfolio | 3.4m $112.1m | Added +7.5k |
| Balyasny Asset Management L.P. 0.29% of their portfolio | 3.3m $110.6m | Added +3.3m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.13% of their portfolio | 3.2m $106.0m | Reduced -54.1k |
| Sahana Capital Management LP 16.34% of their portfolio | 3.1m $105.3m | Added +986.5k |
| Schonfeld Strategic Advisors LLC 0.79% of their portfolio | 3.1m $102.1m | Added +2.2m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 3.0m $101.8m | Added +707.8k |
| PRUDENTIAL FINANCIAL INC 0.15% of their portfolio | 3.0m $99.2m | Added +539.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 2.8m $94.0m | Added +538.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 2.8m $92.2m | Added +307.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.12% of their portfolio | 2.7m $90.6m | Reduced -51.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.63% of their portfolio | 2.7m $88.8m | Reduced -2.4k |
| GREAT LAKES ADVISORS, LLC 0.78% of their portfolio | 2.6m $87.8m | Reduced -118.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 2.6m $87.1m | Added +59.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 2.6m $86.0m | Added +171.5k |
| MARSHALL WACE, LLP 0.12% of their portfolio | 2.5m $83.3m | Added +1.0m |
| Bristol Gate Capital Partners Inc. 4.12% of their portfolio | 2.5m $83.2m | Reduced -146.6k |
| Junto Capital Management LP 1.79% of their portfolio | 2.4m $81.5m | Added +1.8m |
| Connor, Clark & Lunn Investment Management Ltd. 0.34% of their portfolio | 2.4m $80.9m | Reduced -150.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.06% of their portfolio | 2.3m $78.0m | Reduced -169.5k |
| EARNEST PARTNERS LLC 0.36% of their portfolio | 2.3m $77.2m | Reduced -61.1k |
| TD Asset Management Inc 0.07% of their portfolio | 2.3m $76.8m | Added +246.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.15% of their portfolio | 2.3m $76.3m | Reduced -224.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 2.3m $76.0m | Reduced -92.3k |
| Homestead Advisers Corp 1.85% of their portfolio | 2.2m $75.0m | Reduced -156.4k |
| Focus Partners Wealth 0.24% of their portfolio | 2.1m $71.7m | Added +2.1m |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 2.1m $69.9m | Added +231.2k |
| ProShare Advisors LLC 0.18% of their portfolio | 2.0m $66.4m | Reduced -213.6k |
| MACQUARIE GROUP LTD 0.08% of their portfolio | 2.0m $66.4m | Added +53.4k |
| CI INVESTMENTS INC. 0.25% of their portfolio | 1.9m $64.7m | Added +158.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.18% of their portfolio | 1.9m $62.0m | Added +1.4m |
| Calamos Advisors LLC 0.30% of their portfolio | 1.9m $61.9m | Reduced -320.0k |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 1.8m $60.1m | Reduced -15.1k |
| Clark Capital Management Group, Inc. 0.44% of their portfolio | 1.8m $59.8m | Added +787.8k |
| DekaBank Deutsche Girozentrale 0.11% of their portfolio | 1.8m $58.5m | Added +25.3k |
| CHILTON INVESTMENT CO INC. 1.67% of their portfolio | 1.8m $59.1m | Reduced -1.3m |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 1.7m $57.5m | Reduced -80.3k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 1.7m $57.4m | Added +215.0k |
| ZACKS INVESTMENT MANAGEMENT 0.64% of their portfolio | 1.7m $57.1m | Added +49.0k |