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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
Tredje AP-fonden26,193$5.55M0.09%+3,095+13.4%Added
Mackenzie Financial Corp26,170$5.55M0.01%−12,618−32.5%Reduced
Capula Management Ltd25,865$5.48M0.48%+23,931+1,237.4%Added
Kerrisdale Advisers, LLC25,668$5.44M1.61%+10,230+66.3%Added
Public Sector Pension Investment Board25,060$5.31M0.04%−3,764−13.1%Reduced
Synovus Financial Corp24,747$5.25M0.06%−7,615−23.5%Reduced
Bessemer Group Inc24,699$5.24M0.01%−114−0.5%Reduced
Thompson Siegel & Walmsley LLC24,014$5.09M0.08%−1,361−5.4%Reduced
Baxter Bros Inc23,956$5.08M0.80%+1,009+4.4%Added
Farmers National Bank23,924$5.07M1.80%+598+2.6%Added
Cullen/Frost Bankers, Inc.23,605$5.00M0.09%−2,188−8.5%Reduced
Uncommon Cents Investing LLC23,560$4.99M1.82%−595−2.5%Reduced
Robeco Institutional Asset Management B.V.23,268$4.93M0.01%−4,166−15.2%Reduced
Portland Global Advisors LLC23,184$4.92M0.84%+850+3.8%Added
Tiaa, FSB23,052$4.89M0.02%−57,415−71.4%Reduced
Highland Capital Management, LLC22,953$4.87M0.36%−119−0.5%Reduced
Capital Investment Advisors, LLC22,856$4.85M0.14%−1,197−5.0%Reduced
Silvercrest Asset Management Group LLC22,579$4.79M0.04%−121−0.5%Reduced
Stonegate Investment Group, LLC22,505$4.77M0.18%−2,013−8.2%Reduced
National Bank of Canada22,513$4.76M0.01%+8,350+59.0%Added
Daiwa Securities Group Inc.22,205$4.71M0.03%−4,053−15.4%Reduced
Vaughan David Investments LLC22,002$4.66M0.14%−2,765−11.2%Reduced
Teachers Retirement System of the State of Kentucky22,000$4.66M0.05%00.0%Unchanged
W.G. Shaheen & Associates DBA Whitney & Co21,793$4.62M0.73%+519+2.4%Added
Aquatic Capital Management LLC21,300$4.52M0.28%+21,300New
Impax Asset Management Group plc21,261$4.51M0.02%00.0%Unchanged
Bradley Foster & Sargent Inc21,123$4.48M0.11%−845−3.8%Reduced
Canandaigua National Bank & Trust Co21,049$4.46M0.75%+21,049New
Mount Yale Investment Advisors, LLC20,650$4.38M0.49%+80.0%Added
British Columbia Investment Management Corp20,621$4.37M0.05%−187−0.9%Reduced
Loring Wolcott & Coolidge Fiduciary Advisors LLP20,525$4.35M0.05%−52−0.3%Reduced
New Republic Capital, LLC20,390$4.32M3.26%+101+0.5%Added
Meridian Investment Counsel Inc.20,368$4.32M1.64%00.0%Unchanged
Central Trust Co20,303$4.30M0.13%−2,820−12.2%Reduced
Gyroscope Capital Management Group, LLC20,258$4.29M1.09%+19,055+1,584.0%Added
Patten & Patten Inc20,237$4.29M0.38%−315−1.5%Reduced
Intech Investment Management LLC20,205$4.28M0.03%+6,905+51.9%Added
M&R Capital Management Inc20,057$4.25M1.19%−200−1.0%Reduced
Stock Yards Bank & Trust Co19,969$4.23M0.16%−3,076−13.3%Reduced
Hartford Investment Management Co19,302$4.09M0.14%+2,415+14.3%Added
PATRIZIA Pty Ltd19,259$4.08M3.03%+3,299+20.7%Added
GWM Advisors LLC19,316$4.08M0.05%−1,770−8.4%Reduced
Verition Fund Management LLC19,218$4.07M0.06%+16,291+556.6%Added
Sumitomo Mitsui DS Asset Management Company, Ltd19,100$4.05M0.07%+1,161+6.5%Added
Sandy Spring Bank18,997$4.03M0.23%−2,718−12.5%Reduced
Rafferty Asset Management, LLC18,989$4.03M0.03%+1,508+8.6%Added
Securian Asset Management, Inc18,834$3.99M0.11%−216−1.1%Reduced
Institutional & Family Asset Management, LLC18,762$3.98M0.66%+712+3.9%Added
Steward Partners Investment Advisory, LLC18,619$3.95M0.06%−306−1.6%Reduced
Storebrand Asset Management AS18,528$3.93M0.02%+2,442+15.2%Added
Elo Mutual Pension Insurance Co18,520$3.93M0.12%+337+1.9%Added
Covington Investment Advisors Inc.18,429$3.91M0.86%+2,970+19.2%Added
FORA Capital, LLC18,173$3.85M0.39%+3,065+20.3%Added
Alpha Omega Wealth Management LLC18,102$3.84M0.66%+419+2.4%Added
InterOcean Capital Group, LLC18,075$3.83M0.13%−20,349−53.0%Reduced
Kentucky Retirement Systems18,010$3.82M0.14%−456−2.5%Reduced
Maryland State Retirement & Pension System17,991$3.81M0.09%−280−1.5%Reduced
B. Metzler seel. Sohn & Co. AG17,968$3.81M0.06%−5,232−22.6%Reduced
Prelude Capital Management, LLC17,781$3.77M0.26%+17,781New
McCollum Christoferson Group LLC17,679$3.75M1.16%−17,871−50.3%Reduced
Oregon Public Employees Retirement Fund17,672$3.75M0.05%−189−1.1%Reduced
American Money Management, LLC17,627$3.74M0.99%+1,269+7.8%Added
Independent Investors Inc17,600$3.73M0.93%00.0%Unchanged
Oak Asset Management, LLC17,554$3.72M1.60%+419+2.4%Added
Logan Capital Management Inc17,490$3.71M0.18%−499−2.8%Reduced
Atria Investments LLC17,269$3.66M0.07%+188+1.1%Added
Marketfield Asset Management LLC17,153$3.64M3.11%00.0%Unchanged
Prospera Financial Services Inc17,098$3.63M0.15%+7,401+76.3%Added
Trust Co of Virginia17,101$3.63M0.40%+270+1.6%Added
Douglass Winthrop Advisors, LLC17,094$3.62M0.09%00.0%Unchanged
Cary Street Partner Investment Advisory LLC17,084$3.62M0.26%−1,318−7.2%Reduced
Echo Street Capital Management LLC17,068$3.62M0.03%+15,456+958.8%Added
Signaturefd, LLC17,033$3.61M0.10%+10,471+159.6%Added
Peapack Gladstone Financial Corp15,619$3.58M0.07%−1,862−10.7%Reduced
Somerset Trust Co16,766$3.55M1.54%−803−4.6%Reduced
Hartford Financial Management Inc.16,600$3.52M0.91%00.0%Unchanged
Old Point Trust & Financial Services N A16,582$3.52M1.54%−529−3.1%Reduced
Sepio Capital, LP16,565$3.51M0.32%−930−5.3%Reduced
Factorial Partners, LLC16,500$3.50M2.63%+3,200+24.1%Added
Smithfield Trust Co16,508$3.50M0.22%−913−5.2%Reduced
D.A. Davidson & Co.16,428$3.48M0.04%+865+5.6%Added
MML Investors Services, LLC16,344$3.46M0.02%−4,139−20.2%Reduced
HM Payson & Co16,296$3.45M0.08%−398−2.4%Reduced
Prudential PLC16,294$3.45M0.04%+9+0.1%Added
Vestmark Advisory Solutions, Inc.16,255$3.45M0.15%+451+2.9%Added
AXA S.A.16,177$3.43M0.01%−123,918−88.5%Reduced
CIBC Private Wealth Group, LLC33,908$3.42M0.01%−791−2.3%Reduced
Cullinan Associates Inc16,063$3.41M0.20%+4,213+35.6%Added
Pacer Advisors, Inc.15,937$3.38M0.01%+14,331+892.3%Added
Oppenheimer & Co Inc15,920$3.38M0.07%−1,616−9.2%Reduced
Anchor Investment Management, LLC15,491$3.28M0.45%−61−0.4%Reduced
Agf Management Ltd15,335$3.25M0.02%−2,954−16.2%Reduced
Daymark Wealth Partners, LLC14,945$3.17M0.42%+1,735+13.1%Added
Louisiana State Employees Retirement System14,800$3.14M0.08%−200−1.3%Reduced
Harbour Investment Management LLC14,468$3.07M1.70%00.0%Unchanged
AE Wealth Management LLC14,436$3.06M0.02%+899+6.6%Added
Greenland Capital Management LP14,394$3.05M0.36%−1,781−11.0%Reduced
Achmea Investment Management B.V.14,377$3.05M0.09%00.0%Unchanged
Advanced Asset Management Advisors Inc14,370$3.05M0.74%00.0%Unchanged
Capital International Inc14,299$3.03M0.06%−80−0.6%Reduced