CSX

CSX • NASDAQ

CSX is a railroads company in the industrials sector on NASDAQ, led by Joseph R. Hinrichs, with a market cap of $67.4B. As of Q3 2025, 74% of shares are held by 1,684 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.3%.

President and Chief Executive OfficerJoseph R. Hinrichs

Market Cap$67.4B

Railroads

Industrials

Employees23.4K

Websitecsx.com

Country

United States of America

Overview

Overview of institutional ownership in CSX as of Q3 2025 with a market cap of $66.2B

All Institutions

Institutions: 1,684
Value Held: $48.8B
Shares Held: 1.37B
Avg Position: $29.0M
Median Position: $762.6K

Hedge Funds

Hedge Funds: 94
Value Held: $3.5B
Shares Held: 97.2M
Avg Position: $36.7M
Median Position: $2.3M

Ownership Breakdown

Institutional (non-HF)

68.5%

$45.3B

Hedge Funds

5.21%

$3.5B

Retail & Other

26.29%

$17.4B

Based on market cap of $66.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CSX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$6.2B 0.09% of portfolio	9.30% 173.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$5.0B 0.09% of portfolio	7.60% 141.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$3.0B 0.11% of portfolio	4.59% 85.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.5B 0.11% of portfolio	2.30% 42.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.5B 0.10% of portfolio	2.26% 42.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$1.3B 0.15% of portfolio	2.01% 37.4M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
LAZARD ASSET MANAGEMENT LLC Long Only Manager	Evan Lawrence Russo CEO	$1.1B 1.47% of portfolio	1.65% 30.7M shares	≤ Q2 2013 Held for 12y 5m+	$74.1B
FMR LLC Institution	-	$1.1B 0.06% of portfolio	1.60% 29.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.0B 0.06% of portfolio	1.52% 28.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
Bank of New York Mellon Corp Institution	Robin Vince CEO	$934.5M 0.17% of portfolio	1.41% 26.3M shares	≤ Q2 2013 Held for 12y 5m+	$556.34B

Net Capital Flow

Institutional buying and selling activity for CSX in Q3 2025

Net Flow: −$560.5M
Buyers: 642
Sellers: 670
Total Bought: +$4.3B
Total Sold: −$4.8B
Avg Position: $29.4M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF AMERICA CORP /DE/ Institution	+$948.5M +26.7M shares	$1.5B 42.8M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$487.8M +13.7M shares	$731.1M 20.6M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$377.3M +10.6M shares	$435.5M 12.3M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$290.9M +8.2M shares	$290.9M 8.2M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$187.3M +5.3M shares	$206.4M 5.8M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$180.8M +5.1M shares	$1.3B 37.4M shares
FMR LLC Institution	+$167.7M +4.7M shares	$1.1B 29.9M shares
Clearbridge Investments, LLC Long Only Manager	+$114.9M +3.2M shares	$115.9M 3.3M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$98.3M +2.8M shares	$245.7M 6.9M shares
MORGAN STANLEY RIA/Wealth	+$82.7M +2.3M shares	$1.0B 28.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
JPMORGAN CHASE & CO Institution	−$1.3B −35.4M shares	$747.6M 21.1M shares
C Capital International Investors Institution	−$582.4M −16.4M shares	$50.5M 1.4M shares
Capital Research Global Investors RIA/Wealth	−$191.3M −5.4M shares	$149.7M 4.2M shares
T TOMS Capital Investment Management LP Hedge Fund•Long/Short	−$183.1M −5.6M shares	Sold Off 0 shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$153.8M −4.4M shares	$2.9M 82.6K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	−$135.0M −3.8M shares	$1.1B 30.7M shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	−$109.7M −3.1M shares	$80.8M 2.3M shares
VIKING GLOBAL INVESTORS LP Hedge Fund•Long/Short	−$103.8M −2.9M shares	$566.3M 15.9M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$86.7M −2.4M shares	$132.1M 3.7M shares
MANNING & NAPIER ADVISORS LLC RIA/Wealth	−$84.1M −2.3M shares	$7.7M 215.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CSX in Q3 2025

New Positions: 52
New Value: $83.2M
Exited Positions: 91
Exited Value: $530.2M

New Positions

Institution	Position Value
P PARK PRESIDIO CAPITAL LLC Hedge Fund•Long/Short	$23.4M 660.0K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$21.5M 604.5K shares
T Tricadia Capital Management, LLC Hedge Fund•Distressed	$6.7M 190.0K shares
R REAVES W H & CO INC Institution	$5.3M 150.0K shares
Slotnik Capital, LLC Hedge Fund•Event Driven	$4.8M 135.0K shares
HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. Institution	$4.1M 115.0K shares
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	$2.2M 62.5K shares
GABELLI FUNDS LLC Long Only Manager	$2.1M 59.4K shares
Blackstone Group L.P. Institution	$1.9M 53.8K shares
Militia Capital Partners, LP Hedge Fund•Long/Short	$1.1M 29.8K shares

Exited Positions

Institution	Previous Position
T TOMS Capital Investment Management LP Hedge Fund•Long/Short	$183.1M 5.6M shares
Cartenna Capital, LP Hedge Fund•Long/Short	$65.3M 2.0M shares
Corvex Management LP Hedge Fund•Event Driven	$57.2M 1.8M shares
Y Yaupon Capital Management LP Hedge Fund•Multi-Strategy	$33.8M 1.0M shares
Bornite Capital Management LP Hedge Fund•Long/Short	$32.6M 1.0M shares
L LTS One Management LP Institution	$21.2M 650.0K shares
S SOROS FUND MANAGEMENT LLC Institution	$19.3M 592.8K shares
L Lombard Odier Asset Management Ltd Private Equity	$16.5M 505.5K shares
A AXA Institution	$16.0M 489.2K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$11.6M 354.1K shares

Options Activity

Institutions with the largest Call and Put options positions in CSX as of Q3 2025

Call Positions: 50
Call Value: $937.8M
Put Positions: 41
Put Value: $273.7M

Call Positions

Institution	Position Value
GOLDMAN SACHS GROUP INC Institution	$152.0M 42.8K contracts
Select Equity Group, L.P. Hedge Fund•Multi-Strategy	$135.7M 38.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$96.1M 27.1K contracts
BARCLAYS PLC Institution	$92.1M 25.9K contracts
UBS Group AG Institution	$51.0M 14.4K contracts
N NOMURA HOLDINGS INC Institution	$45.2M 12.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$35.8M 10.1K contracts
J JANE STREET GROUP, LLC Institution	$33.6M 9.5K contracts
Walleye Trading LLC RIA/Wealth	$33.1M 9.3K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$28.2M 8.0K contracts

Put Positions

Institution	Position Value
UBS Group AG Institution	$39.7M 11.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$32.8M 9.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$20.2M 5.7K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$18.3M 51.7 contracts
Walleye Trading LLC RIA/Wealth	$17.8M 5.0K contracts
H HSBC HOLDINGS PLC Institution	$16.3M 4.6K contracts
GOLDMAN SACHS GROUP INC Institution	$11.3M 3.2K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$10.5M 3.0K contracts
Q Qube Research & Technologies Ltd Institution	$7.5M 2.1K contracts
BANK OF AMERICA CORP /DE/ Institution	$7.2M 2.0K contracts

Most Committed Institutions

Institutions with CSX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
DRH Investments, Inc. RIA/Wealth	David R Hansen President	9.73% $10.7M	0.02% 300.9K shares	Q3 2020 Held for 5y 2m	$109.8M
T Tribune Investment Group LP Hedge Fund•Event Driven	Bogdan George Cosmaciuc CIO	8.60% $17.8M	0.03% 500.0K shares	Q2 2025 Held for 5 months	$206.4M
Maj Invest Holding A/S Real Assets	Benjamin Jason Weprin CEO	6.66% $194.9M	0.29% 5.5M shares	Q4 2022 Held for 2y 11m	$2.9B
A Ausbil Investment Management Ltd Long Only Manager	Mark Gregory Knight CEO	5.37% $10.1M	0.02% 287.4K shares	Q4 2024 Held for 11 months	$187.5M
R RDST Capital LLC Hedge Fund•Long/Short	Brian David Pirie Managing Partner	4.98% $53.9M	0.08% 1.5M shares	Q2 2024 Held for 1y 5m	$1.1B
T Tricadia Capital Management, LLC Hedge Fund•Distressed	Mark Stephen Black CIO	4.22% $6.7M	0.01% 190.0K shares	Q3 2025 Held for 2 months	$159.9M
Junto Capital Management LP Hedge Fund•Long/Short	James Courtney Parsons CEO	3.15% $150.3M	0.23% 4.2M shares	Q3 2025 Held for 2 months	$4.8B
SOUND SHORE MANAGEMENT INC /CT/ Long Only Manager	Theodore Gibbs Kane Chairman	2.84% $85.8M	0.13% 2.4M shares	Q4 2024 Held for 11 months	$3.0B
Signet Investment Advisory Group, Inc. RIA/Wealth	Roberta Marie Capuano President	2.54% $5.3M	0.01% 148.7K shares	Q4 2020 Held for 4y 11m	$208.2M
A Aull & Monroe Investment Management Corp RIA/Wealth	Jamie Lynn Thuss President	2.51% $4.9M	0.01% 138.3K shares	≤ Q2 2013 Held for 12y 5m+	$195.3M

Hedge Fund Spotlight

Discover hedge funds investing in CSX

Freestone Grove Partners LP

Hedge Fund • Multi-Strategy

Portfolio ManagerTodd Keefe Barker

Portfolio Value: $13.5B
Positions: 680
Last Reported: Q3 2025

Sector Allocation

Position in CSX

Market Value: $60.9M
Shares Held: 1.7M
Portfolio Weight: 0.45%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Vanguard S&P 500 ETF VOO	ETF ETF	$828.1M	6.16%
2 iShares Core S&P 500 ETF IVV	ETF ETF	$201.2M	1.50%
3 Weyerhaeuser WY	REIT - Specialty Real Estate	$166.0M	1.23%