On June 2, 2025, Goldman Sachs downgraded CSX (BIT:1CSX) from Buy to Neutral, according to Fintel. Institutional ownership of CSX decreased by 3.48% in the last quarter to 1,661,493K shares, with the number of institutions holding the stock also slightly declining. JPMorgan Chase significantly reduced its position by 40.46%, while Vanguard Total Stock Market Index Fund Investor Shares, Vanguard 500 Index Fund Investor Shares and Geode Capital Management increased their positions slightly.
Goldman Sachs' recent downgrade of CSX (BIT:1CSX) from Buy to Neutral on June 2, 2025, aligns with a broader trend of weakening institutional conviction. The number of institutions reporting positions in CSX decreased by 0.26% to 2,678 in the last quarter, and total shares owned by these institutions fell by 3.48% to 1,661,493K. While the average portfolio weight of funds dedicated to CSX increased by 4.72% to 0.28%, this is significantly counterweighed by major institutional divestment. Notably, JPMorgan Chase reduced its holdings by a substantial 40.46% and slashed its portfolio allocation to CSX by 93.28%. Other large holders, including Vanguard's Total Stock Market Index Fund (VTSMX) and 500 Index Fund (VFINX), along with Geode Capital Management, also decreased their portfolio allocations to CSX by 4.02%, 4.41%, and 49.60% respectively, despite marginal increases in their total share counts often associated with passive index fund inflows. Invesco QQQ Trust also reported a minor share decrease of 0.25% and a 2.42% reduction in allocation. This collective institutional repositioning, particularly the significant JPMorgan Chase exit and reduced active allocations from other large managers, underscores a bearish sentiment, further corroborated by Fintel's CSX-specific sentiment score of -0.8.
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moderately negative
Sentiment Score
-0.60
Ticker Sentiment
