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Norfolk Southern Corp

NSC
Exchange
NYSE
Industry
Railroads, Line-Haul Operating
SEC CIK
0000702165

No open-market purchases or sales by Norfolk Southern Corp insiders were filed in the last 90 days; 1,869 institutions reported holding it in 13F filings for Q2 2026, worth $53.6B in total; superinvestors Third Point and Markel Group hold it.

13F holders, Q1 2023

Institutional positions in Norfolk Southern Corp as of Mar 31, 2023. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
1,500
−57 vs. Q4 2022
Shares held
167.0M
−1.01M (−0.6%) vs. Q4 2022
Total value
$35.4B
−$6.02B (−14.6%) vs. Q4 2022
New holders
128
395 more added
Sold out
185
650 more reduced

35 institutions that held it in Q4 2022 haven't filed for Q1 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2022: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NSC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2023: 1,500 institutions
Q1 2021: 1,514 institutionsQ2 2021: 1,546 institutionsQ3 2021: 1,494 institutionsQ4 2021: 1,644 institutionsQ1 2022: 1,646 institutionsQ2 2022: 1,543 institutionsQ3 2022: 1,501 institutionsQ4 2022: 1,592 institutionsQ1 2023: 1,500 institutionsQ2 2023: 1,529 institutionsQ3 2023: 1,444 institutionsQ4 2023: 1,585 institutionsQ1 2024: 1,628 institutionsQ2 2024: 1,565 institutionsQ3 2024: 1,612 institutionsQ4 2024: 1,686 institutionsQ1 2025: 1,656 institutionsQ2 2025: 1,693 institutionsQ3 2025: 1,801 institutionsQ4 2025: 1,852 institutionsQ1 2026: 1,841 institutionsQ2 2026: 1,869 institutions
Value heldQ1 2023: $35.4B
Q1 2021: $49.7BQ2 2021: $48.1BQ3 2021: $42.6BQ4 2021: $52.7BQ1 2022: $50.2BQ2 2022: $39.6BQ3 2022: $36.1BQ4 2022: $41.8BQ1 2023: $35.4BQ2 2023: $37.9BQ3 2023: $33.1BQ4 2023: $40.1BQ1 2024: $43.1BQ2 2024: $36.7BQ3 2024: $42.4BQ4 2024: $41.0BQ1 2025: $41.2BQ2 2025: $45.1BQ3 2025: $50.8BQ4 2025: $49.8BQ1 2026: $48.2BQ2 2026: $53.6B
Institutions holding NSC and their total value by quarter
QuarterHoldersValue
Q2 20261,869$53.6B
Q1 20261,841$48.2B
Q4 20251,852$49.8B
Q3 20251,801$50.8B
Q2 20251,693$45.1B
Q1 20251,656$41.2B
Q4 20241,686$41.0B
Q3 20241,612$42.4B
Q2 20241,565$36.7B
Q1 20241,628$43.1B
Q4 20231,585$40.1B
Q3 20231,444$33.1B
Q2 20231,529$37.9B
Q1 20231,500$35.4B
Q4 20221,592$41.8B
Q3 20221,501$36.1B
Q2 20221,543$39.6B
Q1 20221,646$50.2B
Q4 20211,644$52.7B
Q3 20211,494$42.6B
Q2 20211,546$48.1B
Q1 20211,514$49.7B

Institutions, Q1 2023

Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q4 2022.

Institutions holding NSC in Q1 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc18,480,069$3.92B0.10%−53,260−0.3%Reduced
BlackRock Inc.15,394,502$3.26B0.10%−339,642−2.2%Reduced
JPMorgan Chase & Co10,725,189$2.27B0.30%−830,291−7.2%Reduced
State Street Corp9,223,775$1.96B0.11%−936,276−9.2%Reduced
Lazard Asset Management LLC8,506,497$1.80B2.36%+1,362,116+19.1%Added
Capital International Investors5,715,499$1.21B0.31%−2,048,261−26.4%Reduced
Capital World Investors5,595,216$1.19B0.25%−540,704−8.8%Reduced
Geode Capital Management, LLC4,112,708$869.6M0.11%+13,513+0.3%Added
Wells Fargo & Company4,059,790$860.7M0.27%−44,121−1.1%Reduced
Northern Trust Corp3,204,500$679.4M0.13%−147,641−4.4%Reduced
Bank of America Corp2,716,792$576.0M0.07%−316,925−10.4%Reduced
Price T Rowe Associates Inc2,554,670$541.6M0.08%−170,151−6.2%Reduced
Morgan Stanley2,401,649$509.2M0.05%−144,565−5.7%Reduced
Norges Bank2,277,922$482.9M0.11%+98,686+4.5%Added
Dimensional Fund Advisors LP2,234,616$473.7M0.16%−52,998−2.3%Reduced
FIL Ltd2,117,626$448.9M0.52%+620,363+41.4%Added
Legal & General Group Plc2,056,727$436.0M0.16%+19,828+1.0%Added
Franklin Resources Inc2,026,642$429.6M0.22%−12,674−0.6%Reduced
Bank of New York Mellon Corp2,010,553$426.2M0.09%−797,282−28.4%Reduced
Citadel Advisors LLC1,659,950$351.9M0.38%+824,161+98.6%Added
American Century Companies Inc1,562,936$331.0M0.26%+95,493+6.5%Added
London Co of Virginia1,424,505$302.0M1.74%−30,214−2.1%Reduced
Charles Schwab Investment Management Inc1,230,892$260.9M0.08%−1,621−0.1%Reduced
First Trust Advisors LP1,124,545$238.4M0.28%+775,059+221.8%Added
Goldman Sachs Group Inc1,051,331$222.9M0.06%−453,724−30.1%Reduced
Magellan Asset Management Ltd1,035,387$219.5M1.87%+86,264+9.1%Added
Boston Partners1,014,572$215.1M0.30%−14,172−1.4%Reduced
Balyasny Asset Management LLC967,650$205.1M0.67%+863,256+826.9%Added
Swiss National Bank918,800$194.8M0.13%−35,800−3.8%Reduced
Alliancebernstein L.P.847,996$179.8M0.08%−366,188−30.2%Reduced
Millennium Management LLC831,473$176.3M0.20%+464,187+126.4%Added
UBS Asset Management Americas Inc827,825$175.5M0.08%−9,649−1.2%Reduced
Fisher Asset Management, LLC808,654$171.4M0.10%+14,713+1.9%Added
Two Sigma Advisers, LP778,200$165.0M0.43%+228,200+41.5%Added
Nuveen Asset Management, LLC771,808$163.6M0.06%+21,335+2.8%Added
Deutsche Bank AG762,559$161.7M0.09%−432,885−36.2%Reduced
Invesco Ltd.728,327$154.4M0.04%+86,712+13.5%Added
Point72 Asset Management, L.P.726,645$154.0M0.55%+726,645New
Amundi735,085$149.3M0.08%−196,288−21.1%Reduced
Arrowstreet Capital, Limited Partnership698,182$148.0M0.19%+214,348+44.3%Added
Sumitomo Mitsui Trust Holdings, Inc.674,348$143.0M0.11%+3,652+0.5%Added
ATLAS Infrastructure Partners (UK) Ltd.604,086$128.1M14.42%+129,153+27.2%Added
UBS Group AG593,420$125.8M0.06%−131,110−18.1%Reduced
Two Sigma Investments, LP587,842$124.6M0.37%+453,977+339.1%Added
Cincinnati Financial Corp587,687$124.6M3.02%00.0%Unchanged
Lord, Abbett & Co. LLC581,150$123.2M0.44%+19,044+3.4%Added
Nordea Investment Management AB560,912$117.7M0.17%−214,528−27.7%Reduced
Marshall Wace, LLP535,828$113.6M0.28%+522,064+3,793.0%Added
Anomaly Capital Management, LP530,755$112.5M4.95%+530,755New
Mirae Asset Global Investments Co., Ltd.517,272$109.7M0.26%+90,342+21.2%Added
Credit Suisse AG512,791$108.7M0.11%+89,447+21.1%Added
Rhumbline Advisers490,489$104.0M0.13%+24,524+5.3%Added
Public Employees Retirement Association of Colorado468,280$99.3M0.51%−2,921−0.6%Reduced
Renaissance Technologies LLC461,900$97.9M0.13%+216,800+88.5%Added
The PNC Financial Services Group, Inc.445,983$94.5M0.08%−33,253−6.9%Reduced
California Public Employees Retirement System441,299$93.6M0.08%−80,962−15.5%Reduced
Voloridge Investment Management, LLC437,333$92.7M0.46%+388,270+791.4%Added
Ameriprise Financial Inc427,755$90.7M0.03%+2,725+0.6%Added
BNP Paribas Arbitrage, SA426,111$90.3M0.19%+110,180+34.9%Added
Barclays PLC415,978$88.2M0.09%+148,590+55.6%Added
Davenport & Co LLC408,159$86.3M0.68%−3,106−0.8%Reduced
National Pension Service400,853$83.7M0.15%+15,030+3.9%Added
New York State Common Retirement Fund392,188$83.1M0.11%−26,707−6.4%Reduced
California State Teachers Retirement System390,464$82.8M0.12%−9,231−2.3%Reduced
FMR LLC388,818$82.4M0.01%−976,800−71.5%Reduced
Wilbanks Smith & Thomas Asset Management LLC345,667$73.3M2.54%−37,489−9.8%Reduced
Swedbank AB343,242$72.8M0.14%−173,468−33.6%Reduced
Raymond James & Associates319,363$67.7M0.06%−16,302−4.9%Reduced
Royal Bank of Canada309,628$65.6M0.02%−118,190−27.6%Reduced
Qube Research & Technologies Ltd304,844$64.6M0.37%+304,844New
Standard Life Aberdeen plc301,798$64.0M0.16%−33,703−10.0%Reduced
Cohen & Steers, Inc.301,781$64.0M0.14%−1,178,938−79.6%Reduced
Assenagon Asset Management S.A.284,785$60.4M0.24%+266,612+1,467.1%Added
Cubist Systematic Strategies, LLC270,543$57.4M0.54%+260,956+2,722.0%Added
Cincinnati Insurance Co264,400$56.1M1.12%00.0%Unchanged
Principal Financial Group Inc262,785$55.7M0.04%+1,620+0.6%Added
State Board of Administration of Florida Retirement System258,803$54.9M0.13%−10,440−3.9%Reduced
Saturna Capital CORP255,740$54.2M1.05%+600.0%Added
Glenview Capital Management, LLC255,455$54.2M1.33%+27,877+12.2%Added
HSBC Holdings PLC245,545$52.0M0.07%−36,436−12.9%Reduced
Capital Group Private Client Services, Inc.244,663$51.9M0.64%+9,898+4.2%Added
Twinbeech Capital LP243,079$51.5M1.04%+243,079New
Truist Financial Corp242,586$51.4M0.09%−4,865−2.0%Reduced
New York State Teachers Retirement System238,640$50.6M0.12%−7,990−3.2%Reduced
Candlestick Capital Management LP235,000$49.8M1.68%+235,000New
Markel Group Inc.SuperinvestorMarkel Group229,500$48.7M0.62%00.0%Unchanged
Envestnet Asset Management Inc228,331$48.4M0.02%−13,179−5.5%Reduced
Adage Capital Partners GP, L.L.C.228,067$48.4M0.11%−7,800−3.3%Reduced
Squarepoint Ops LLC227,972$48.3M0.34%+226,243+13,085.2%Added
Artemis Investment Management LLP227,832$48.2M0.59%−144,870−38.9%Reduced
Great West Life Assurance Co226,650$48.1M0.12%+90,396+66.3%Added
Bank of Montreal225,436$47.8M0.03%−3,607−1.6%Reduced
Russell Investments Group, Ltd.225,872$47.8M0.09%+4,619+2.1%Added
Reaves W H & Co Inc225,100$47.7M1.72%+40,000+21.6%Added
Zimmer Partners, LP218,200$46.3M0.95%+218,200New
Korea Investment CORP217,063$46.0M0.13%+67,436+45.1%Added
US Bancorp216,217$45.8M0.08%−6,435−2.9%Reduced
Prudential Financial Inc202,613$45.1M0.07%+642+0.3%Added
Retirement Systems of Alabama191,928$40.7M0.18%−6,842−3.4%Reduced
Citigroup Inc189,171$40.1M0.05%−55,452−22.7%Reduced