Capricorn Fund Managers Ltd Acquires $7.2M Stake in Norfolk Southern

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Capricorn Fund Managers Ltd acquired a new position in Norfolk Southern Corporation (NYSE:NSC) in the fourth quarter, according to a recent SEC filing. The institutional investor purchased 25,000 shares of the railroad operator's stock, valued at approximately $7,218,000. Norfolk Southern accounts for about 1.7% of Capricorn Fund Managers Ltd's portfolio, making the stock its 17th largest holding.

Why it matters

This investment by Capricorn Fund Managers Ltd, a prominent institutional investor, signals confidence in Norfolk Southern's long-term prospects as a leading freight railroad company. The acquisition of a sizable stake could influence the stock's performance and indicates the fund's belief in the railroad's growth potential.

The details

According to the filing, Capricorn Fund Managers Ltd purchased 25,000 shares of Norfolk Southern Corporation in the fourth quarter. The shares were valued at approximately $7,218,000, making Norfolk Southern the 17th largest holding in the fund's portfolio, accounting for around 1.7% of its total investments.

• Capricorn Fund Managers Ltd acquired the new position in Norfolk Southern in the fourth quarter of the year.