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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
USA Financial Portformulas Corp1$2120.00%+1New
Tfo-TDC, LLC2$4240.00%+1+100.0%Added
Kayne Anderson Rudnick Investment Management LLC2$4240.00%+2New
Ofi Invest Asset Management111,724$5270.00%+111,724New
True Wealth Design, LLC3$6360.00%00.0%Unchanged
Deane Retirement Strategies, Inc.4$8480.00%−7,970−99.9%Reduced
Avion Wealth5$1.00K0.00%+5New
Householder Group Estate & Retirement Specialist, LLC5$1.00K0.00%+5New
Raffa Wealth Management, LLC5$1.06K0.00%00.0%Unchanged
PSI Advisors, LLC5$1.06K0.00%00.0%Unchanged
Costello Asset Management, INC5$1.06K0.00%+5New
SJS Investment Consulting Inc.6$1.27K0.00%−11−64.7%Reduced
New England Capital Financial Advisors LLC6$1.33K0.00%00.0%Unchanged
Grey Fox Wealth Advisors, LLC9$1.91K0.00%−12−57.1%Reduced
Delos Wealth Advisors, LLC13$2.76K0.00%00.0%Unchanged
Park Place Capital Corp13$2.76K0.00%00.0%Unchanged
Red Tortoise LLC14$2.97K0.00%00.0%Unchanged
Exchange Traded Concepts, LLC14$2.97K0.00%+1+7.7%Added
TD Capital Management LLC15$3.18K0.00%00.0%Unchanged
Hoey Investments, Inc16$3.39K0.00%+16New
Cedar Wealth Management, LLC18$3.82K0.00%00.0%Unchanged
Schubert & Co19$4.03K0.00%−14−42.4%Reduced
JNBA Financial Advisors20$4.24K0.00%+20New
Stone House Investment Management, LLC20$4.27K0.00%+20New
Sunbelt Securities, Inc.22$4.61K0.00%+22New
Byrne Asset Management LLC25$5.00K0.00%00.0%Unchanged
WealthPlan Investment Management, LLC25$5.30K0.00%−4,410−99.4%Reduced
RFP Financial Group LLC26$5.51K0.01%00.0%Unchanged
Bell Investment Advisors, Inc29$6.15K0.00%−10−25.6%Reduced
Focused Wealth Management, Inc29$6.17K0.00%00.0%Unchanged
Core Wealth Advisors, Inc.31$6.57K0.00%00.0%Unchanged
Coston, McIsaac & Partners34$7.00K0.00%00.0%Unchanged
Eukles Asset Management35$7.42K0.00%00.0%Unchanged
Creative Capital Management Investments LLC35$7.42K0.01%00.0%Unchanged
Creative Financial Designs Inc35$7.42K0.00%00.0%Unchanged
Roble, Belko & Company, Inc40$8.00K0.00%00.0%Unchanged
KB Financial Partners, LLC37$8.00K0.00%00.0%Unchanged
City State Bank44$9.00K0.01%00.0%Unchanged
American National Bank46$9.75K0.00%00.0%Unchanged
Highline Wealth Partners LLC47$9.96K0.01%−2,030−97.7%Reduced
TSFG, LLC48$10.0K0.00%00.0%Unchanged
Concord Wealth Partners49$10.4K0.00%−202−80.5%Reduced
Trust Co50$10.6K0.00%00.0%Unchanged
Carderock Capital Management Inc50$10.6K0.00%+50New
Gleason Group, Inc.52$11.0K0.00%00.0%Unchanged
GeoWealth Management, LLC56$11.0K0.00%−48−46.2%Reduced
DB Wealth Management Group, LLC57$12.1K0.01%00.0%Unchanged
BerganKDV Wealth Management, LLC58$12.3K0.00%+39+205.3%Added
Legend Financial Advisors, Inc.65$13.8K0.01%00.0%Unchanged
Accel Wealth Management65$13.8K0.01%00.0%Unchanged
Emfo, LLC69$14.6K0.01%00.0%Unchanged
Abound Wealth Management69$14.7K0.01%00.0%Unchanged
Column Capital Advisors, LLC87$18.4K0.00%00.0%Unchanged
McIlrath & Eck, LLC94$19.9K0.00%+23+32.4%Added
Foster Dykema Cabot & Co Inc95$20.0K0.00%+95New
Strengthening Families & Communities, LLC100$21.0K0.02%+100New
Luken Investment Analytics, LLC100$21.2K0.01%00.0%Unchanged
Cary Street Partners Asset Management LLC100$21.2K0.00%00.0%Unchanged
Pinnacle Bancorp, Inc.102$21.6K0.01%00.0%Unchanged
Boyd Watterson Asset Management LLC104$22.0K0.01%00.0%Unchanged
Clear Perspectives Financial Planning, LLC108$22.9K0.01%00.0%Unchanged
Capital Analysts, LLC110$23.0K0.00%+20+22.2%Added
Oakmont Corp110$23.3K0.00%00.0%Unchanged
Glen Eagle Advisors, LLC111$23.5K0.01%+31+38.8%Added
SRS Capital Advisors, Inc.113$24.0K0.00%−24−17.5%Reduced
First Community Trust NA115$24.4K0.03%00.0%Unchanged
TFC Financial Management115$24.4K0.01%+106+1,177.8%Added
Gradient Investments LLC116$24.5K0.00%−44−27.5%Reduced
Country Trust Bank116$24.6K0.00%−29−20.0%Reduced
United Community Bank118$25.0K0.02%00.0%Unchanged
Sugarloaf Wealth Management, LLC119$25.3K0.01%00.0%Unchanged
Worth Asset Management, LLC120$25.4K0.02%00.0%Unchanged
Sound Income Strategies, LLC125$26.5K0.00%+3+2.5%Added
SOA Wealth Advisors, LLC.130$27.6K0.01%00.0%Unchanged
Morton Brown Family Wealth, LLC137$29.0K0.02%+137New
Financial Connections Group, Inc.146$30.0K0.02%−139−48.8%Reduced
HWG Holdings LP146$31.0K0.02%00.0%Unchanged
Adirondack Trust Co150$31.8K0.02%00.0%Unchanged
North Star Investment Management Corp.157$33.3K0.00%+1+0.6%Added
AXS Investments LLC160$33.9K0.01%−1−0.6%Reduced
Orion Capital Management LLC160$33.9K0.02%00.0%Unchanged
Hallmark Capital Management Inc161$34.1K0.00%−42−20.7%Reduced
Baker Avenue Asset Management, LP165$35.0K0.00%−22−11.8%Reduced
Versant Capital Management, Inc169$35.8K0.01%00.0%Unchanged
Rational Advisors LLC170$36.0K0.00%+7+4.3%Added
Financial Management Professionals, Inc.175$37.0K0.01%+12+7.4%Added
Larson Financial Group LLC184$39.0K0.00%00.0%Unchanged
Archer Investment Corp185$39.2K0.01%00.0%Unchanged
AlphaMark Advisors, LLC200$42.0K0.02%00.0%Unchanged
Loomis Sayles & Co L P198$42.0K0.00%+60+43.5%Added
Harel Insurance Investments & Financial Services Ltd.204$42.0K0.00%+204New
Blackhill Capital Inc200$42.4K0.00%00.0%Unchanged
Cedar Mountain Advisors, LLC200$42.4K0.01%00.0%Unchanged
Lumature Wealth Partners, LLC200$42.4K0.02%00.0%Unchanged
Ahrens Investment Partners LLC204$43.2K0.02%+204New
JJJ Advisors Inc.215$44.6K0.01%00.0%Unchanged
Northwest Investment Counselors, LLC212$44.9K0.01%00.0%Unchanged
Register Financial Advisors LLC215$45.6K0.04%−1,785−89.3%Reduced
MV Capital Management, Inc.219$46.4K0.01%−50−18.6%Reduced
Baldrige Asset Management LLC220$47.0K0.02%00.0%Unchanged