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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
Bigelow Investment Advisors, LLC4,329$917.7K0.53%−706−14.0%Reduced
PFG Advisors4,350$922.2K0.08%00.0%Unchanged
BDO Wealth Advisors, LLC4,351$922.4K0.11%−270−5.8%Reduced
Salem Investment Counselors Inc4,353$922.9K0.04%−525−10.8%Reduced
Pathway Financial Advisers, LLC4,375$927.5K0.37%−1,642−27.3%Reduced
Simmons Bank4,387$930.0K0.08%−170−3.7%Reduced
Argyle Capital Management Inc.4,389$930.5K0.33%00.0%Unchanged
Wealthspire Advisors, LLC4,398$932.4K0.02%−473−9.7%Reduced
Axq Capital, LP4,400$932.8K0.37%+4,400New
Mairs & Power Inc4,401$933.0K0.01%+147+3.5%Added
Lavaca Capital LLC4,417$936.3K0.22%00.0%Unchanged
First Hawaiian Bank4,428$938.7K0.03%−28−0.6%Reduced
Bridgefront Capital, LLC4,442$941.7K0.57%+4,442New
Chemistry Wealth Management LLC4,454$944.2K0.33%+11+0.2%Added
Clark Capital Management Group, Inc.4,457$944.9K0.01%00.0%Unchanged
Horizon Kinetics Asset Management LLC4,481$950.0K0.02%−50−1.1%Reduced
Capital Investment Advisory Services, LLC4,488$951.4K0.11%+20.0%Added
Kelman-Lazarov, Inc.4,497$953.4K0.25%00.0%Unchanged
Ropes Wealth Advisors LLC4,509$955.9K0.17%+148+3.4%Added
Kinneret Advisory, LLC4,534$961.2K0.12%−244−5.1%Reduced
Peoples Financial Services Corp.4,553$965.2K0.45%−127−2.7%Reduced
River Wealth Advisors LLC4,567$968.2K0.18%−232−4.8%Reduced
Sumitomo Life Insurance Co4,572$969.0K0.08%−47−1.0%Reduced
Aptus Capital Advisors, LLC4,571$969.2K0.03%−310−6.4%Reduced
Allworth Financial LP4,586$972.3K0.01%−81−1.7%Reduced
Oak Hill Wealth Advisors, LLC4,589$972.8K0.38%−150−3.2%Reduced
Pioneer Trust Bank N A4,595$974.1K0.29%00.0%Unchanged
Virginia Wealth Management Group, Inc.4,640$983.6K0.67%00.0%Unchanged
Stoneridge Investment Partners LLC4,648$985.0K0.52%−205−4.2%Reduced
Evermay Wealth Management LLC4,699$996.2K0.20%−245−5.0%Reduced
Carret Asset Management, LLC4,701$997.0K0.14%−400−7.8%Reduced
Venture Visionary Partners LLC4,717$1.00M0.06%+78+1.7%Added
Aft, Forsyth & Sober, LLC4,750$1.01M0.51%00.0%Unchanged
Aigen Investment Management, LP4,771$1.01M0.14%+4,771New
Mather Group, LLC.4,776$1.01M0.02%+531+12.5%Added
Mattern Wealth Management LLC4,788$1.02M0.34%+4,788New
Panagora Asset Management Inc4,866$1.03M0.01%−804−14.2%Reduced
Avalon Investment & Advisory4,876$1.03M0.03%−1,379−22.0%Reduced
Pathstone Family Office, LLC4,784$1.04M0.02%−6,079−56.0%Reduced
Waldron Private Wealth LLC4,898$1.04M0.05%−2,737−35.8%Reduced
Forum Financial Management, LP4,916$1.04M0.03%−9−0.2%Reduced
King Luther Capital Management Corp4,919$1.04M0.01%−1,211−19.8%Reduced
Arkadios Wealth Advisors4,942$1.05M0.12%+11+0.2%Added
Axxcess Wealth Management, LLC4,971$1.05M0.08%−58−1.2%Reduced
MidWestOne Financial Group, Inc.5,000$1.06M0.24%00.0%Unchanged
Jade Capital Advisors, LLC5,000$1.06M1.51%+5,000New
Guardian Investment Management3,950$1.06M0.81%+25+0.6%Added
Merit Financial Group, LLC5,005$1.06M0.04%+17+0.3%Added
Integrated Advisors Network LLC5,076$1.08M0.06%−471−8.5%Reduced
3Chopt Investment Partners, LLC5,076$1.08M0.57%+549+12.1%Added
Kendall Capital Management5,087$1.08M0.52%−105−2.0%Reduced
Lido Advisors, LLC5,157$1.09M0.02%+448+9.5%Added
DAGCO, Inc.5,175$1.10M0.59%−85−1.6%Reduced
Sawtooth Solutions, LLC5,178$1.10M0.03%+3,200+161.8%Added
Capital Square, LLC5,435$1.12M1.03%−605−10.0%Reduced
Resources Investment Advisors, LLC.5,278$1.12M0.03%+185+3.6%Added
NBT Bank N A5,297$1.12M0.16%−4,897−48.0%Reduced
GYL Financial Synergies, LLC5,316$1.13M0.14%+32+0.6%Added
Boston Trust Walden Corp5,376$1.14M0.01%−6−0.1%Reduced
Aldebaran Financial Inc.5,386$1.14M1.54%−450−7.7%Reduced
CSU Producer Resources, Inc.5,400$1.14M4.26%00.0%Unchanged
Private Trust Co NA5,438$1.15M0.16%−5−0.1%Reduced
Old National Bancorp5,450$1.16M0.04%−146−2.6%Reduced
CWM, LLC5,522$1.17M0.01%−196−3.4%Reduced
Vestcor Inc5,548$1.18M0.04%−23−0.4%Reduced
WBH Advisory Inc5,563$1.18M0.15%+5,563New
Massachusetts Wealth Management5,575$1.18M1.22%−450−7.5%Reduced
Great Lakes Advisors, LLC5,611$1.19M0.01%−816−12.7%Reduced
Cresset Asset Management, LLC5,643$1.20M0.02%+353+6.7%Added
Traverso Chambers Private Wealth Management, LLC5,659$1.20M0.33%00.0%Unchanged
Beacon Investment Advisory Services, Inc.5,660$1.20M0.06%00.0%Unchanged
Ieq Capital, LLC5,668$1.20M0.03%−1,893−25.0%Reduced
Chicago Trust Co NA5,680$1.20M0.30%−383−6.3%Reduced
Teilinger Capital Ltd.5,700$1.21M0.50%+5,700New
Valeo Financial Advisors, LLC5,708$1.21M0.06%+939+19.7%Added
HBK Sorce Advisory LLC5,744$1.22M0.06%−1,764−23.5%Reduced
Roundview Capital LLC5,773$1.22M0.13%−111−1.9%Reduced
Journey Advisory Group, LLC5,834$1.24M0.20%−49−0.8%Reduced
Modera Wealth Management, LLC5,859$1.24M0.05%−481−7.6%Reduced
Valmark Advisers, Inc.5,867$1.24M0.03%−26−0.4%Reduced
Gratus Capital LLC5,874$1.25M0.10%−120−2.0%Reduced
Roof Eidam & Maycock5,896$1.25M0.46%00.0%Unchanged
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main5,890$1.25M0.00%+1,320+28.9%Added
Ritholtz Wealth Management5,904$1.25M0.06%−370−5.9%Reduced
New Hampshire Trust5,935$1.26M0.34%−135−2.2%Reduced
Benjamin F. Edwards & Company, Inc.5,961$1.26M0.05%−1,689−22.1%Reduced
Westport Asset Management Inc6,000$1.27M0.76%00.0%Unchanged
MB, Levis & Associates, LLC6,065$1.29M0.89%+16+0.3%Added
Centennial Bank6,076$1.29M0.84%−50−0.8%Reduced
Erste Asset Management GmbH6,268$1.31M0.03%00.0%Unchanged
Family Legacy, Inc.6,175$1.31M0.56%+110+1.8%Added
Keel Point, LLC6,244$1.32M0.19%+245+4.1%Added
Greenleaf Trust6,315$1.34M0.02%−453−6.7%Reduced
SS&H Financial Advisors, Inc.6,400$1.36M0.62%−100−1.5%Reduced
Spire Wealth Management6,422$1.36M0.05%+733+12.9%Added
Cornerstone Investment Partners, LLC6,428$1.36M0.09%+741+13.0%Added
Brooks, Moore & Associates, Inc.6,439$1.36M0.98%−275−4.1%Reduced
Wetherby Asset Management Inc6,445$1.37M0.08%−416−6.1%Reduced
TFG Advisers LLC6,445$1.37M0.66%−372−5.5%Reduced
Freestone Capital Holdings, LLC6,452$1.37M0.06%−242−3.6%Reduced