Encompass Capital, a New York-based investment advisor, liquidated its entire position in railroad operator CSX Corp. during the second quarter of 2026. The sale involved all 785,800 shares held by the firm, which were valued at approximately $32.26 million at the end of the prior quarter and constituted nearly 1% of its reported portfolio.
This trade information comes from a quarterly 13F filing dated August 14, 2026, which discloses positions held as of June 30. The filing does not reveal the specific reasons for the exit, which occurred during a quarter where CSX reported record quarterly revenue and earnings that surpassed analyst expectations.