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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, Q4 2023

Institutional positions in Norfolk Southern Corp as of Dec 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
1,585
+163 vs. Q3 2023
Shares held
169.8M
+2.08M (+1.2%) vs. Q3 2023
Total value
$40.1B
+$7.04B (+21.3%) vs. Q3 2023
New holders
260
433 more added
Sold out
97
565 more reduced

22 institutions that held it in Q3 2023 haven't filed for Q4 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2023: 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 holdersQ4 2023: 1,585 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: 1,590 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 heldQ4 2023: $40.1B
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 20221,590$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, Q4 2023

Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q3 2023.

Institutions holding NSC in Q4 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc18,535,618$4.38B0.10%+30,674+0.2%Added
BlackRock Inc.14,386,636$3.40B0.09%−921,692−6.0%Reduced
JPMorgan Chase & Co13,326,803$3.15B0.32%+528,080+4.1%Added
State Street Corp9,179,060$2.17B0.11%+154,411+1.7%Added
Dodge & Cox8,233,372$1.95B1.24%+1,810,658+28.2%Added
Lazard Asset Management LLC7,856,700$1.86B2.35%−772,630−9.0%Reduced
Price T Rowe Associates Inc5,861,818$1.39B0.19%+104,502+1.8%Added
Geode Capital Management, LLC4,332,183$1.02B0.11%+69,256+1.6%Added
Wells Fargo & Company4,152,335$981.5M0.28%−35,375−0.8%Reduced
EdgePoint Investment Group Inc.3,404,198$804.7M6.97%+1,699,601+99.7%Added
Bank of America Corp3,246,030$767.3M0.09%+103,567+3.3%Added
American Century Companies Inc3,046,882$720.2M0.50%+323,484+11.9%Added
Northern Trust Corp2,950,072$697.3M0.13%−123,767−4.0%Reduced
Morgan Stanley2,389,939$564.9M0.05%+4,505+0.2%Added
Norges Bank2,355,517$556.8M0.10%−130,572−5.3%Reduced
Legal & General Group Plc2,199,998$520.0M0.16%+219,016+11.1%Added
Capital World Investors2,174,616$514.0M0.09%−1,434,072−39.7%Reduced
Dimensional Fund Advisors LP1,998,327$472.4M0.14%−77,645−3.7%Reduced
Bank of New York Mellon Corp1,988,322$470.0M0.10%−13,185−0.7%Reduced
London Co of Virginia1,863,824$440.6M2.48%−113,047−5.7%Reduced
Franklin Resources Inc1,853,578$438.1M0.20%−62,702−3.3%Reduced
FIL Ltd1,833,090$433.3M0.46%−22,546−1.2%Reduced
Goldman Sachs Group Inc1,412,847$334.0M0.07%+328,862+30.3%Added
Charles Schwab Investment Management Inc1,296,632$306.5M0.08%+38,080+3.0%Added
Boston Partners1,124,530$265.8M0.35%−16,267−1.4%Reduced
ATLAS Infrastructure Partners (UK) Ltd.1,048,980$248.0M18.77%−8,585−0.8%Reduced
Stifel Financial Corp1,021,312$241.4M0.30%+875,473+600.3%Added
Magellan Asset Management Ltd970,123$229.3M2.28%−54,686−5.3%Reduced
Invesco Ltd.845,165$199.8M0.05%−9,996−1.2%Reduced
Fisher Asset Management, LLC841,211$198.8M0.11%+15,964+1.9%Added
Alliancebernstein L.P.790,964$187.0M0.07%−38,655−4.7%Reduced
Mitsubishi UFJ Trust & Banking Corp786,670$186.1M0.44%+620,307+372.9%Added
UBS Asset Management Americas Inc783,917$185.3M0.07%−24,484−3.0%Reduced
Two Sigma Advisers, LP761,900$180.1M0.42%−308,600−28.8%Reduced
UBS Group AG715,386$169.1M0.07%+31,014+4.5%Added
Swiss National Bank709,900$167.8M0.12%−22,300−3.0%Reduced
Amundi713,555$162.4M0.07%−22,377−3.0%Reduced
Lord, Abbett & Co. LLC676,509$159.9M0.56%+5,679+0.8%Added
Millennium Management LLC610,365$144.3M0.14%+286,895+88.7%Added
Mirae Asset Global Investments Co., Ltd.604,910$143.0M0.29%−18,520−3.0%Reduced
Cincinnati Financial Corp587,687$138.9M3.06%00.0%Unchanged
Balyasny Asset Management LLC587,153$138.8M0.38%+584,524+22,233.7%Added
Sumitomo Mitsui Trust Holdings, Inc.570,966$135.0M0.10%−1,035−0.2%Reduced
Barclays PLC537,801$127.1M0.07%−8,141−1.5%Reduced
FMR LLC529,141$125.1M0.01%+158,941+42.9%Added
Massachusetts Financial Services Co518,114$122.5M0.04%−6,046−1.2%Reduced
Nuveen Asset Management, LLC508,556$120.2M0.04%−80,274−13.6%Reduced
Ameriprise Financial Inc498,365$117.8M0.04%−52,246−9.5%Reduced
Deutsche Bank AG492,381$116.4M0.06%−81,434−14.2%Reduced
Rhumbline Advisers485,137$114.7M0.12%−3,292−0.7%Reduced
Public Employees Retirement Association of Colorado451,226$106.7M0.49%−1,248−0.3%Reduced
National Pension Service441,597$104.4M0.15%+10,785+2.5%Added
Royal Bank of Canada433,190$102.4M0.03%+61,834+16.7%Added
The PNC Financial Services Group, Inc.415,298$98.2M0.08%−9,471−2.2%Reduced
California Public Employees Retirement System413,260$97.7M0.07%−18,963−4.4%Reduced
Davenport & Co LLC385,065$91.0M0.63%−10,300−2.6%Reduced
Standard Life Aberdeen plc375,217$88.7M0.19%+48,961+15.0%Added
HSBC Holdings PLC370,166$87.5M0.08%+18,572+5.3%Added
First Trust Advisors LP365,318$86.4M0.09%−40,505−10.0%Reduced
California State Teachers Retirement System360,307$85.2M0.12%−463−0.1%Reduced
Ancora Advisors, LLC357,197$84.4M2.00%+347,780+3,693.1%Added
Credit Suisse AG355,903$84.1M0.08%+1,495+0.4%Added
Envestnet Asset Management Inc331,842$78.4M0.03%+17,178+5.5%Added
Marshall Wace, LLP330,083$78.0M0.15%−291,967−46.9%Reduced
Bank of Montreal328,436$77.8M0.04%+81,728+33.1%Added
New York State Common Retirement Fund320,673$75.8M0.10%−25,058−7.2%Reduced
Raymond James & Associates317,350$75.0M0.06%−19,294−5.7%Reduced
Point72 Asset Management, L.P.303,439$71.7M0.22%+303,439New
Wilbanks Smith & Thomas Asset Management LLC296,140$70.0M2.14%−5,254−1.7%Reduced
Susquehanna International Group, LLP271,871$64.3M0.11%+176,310+184.5%Added
BNP Paribas Arbitrage, SA270,081$63.8M0.12%+69,536+34.7%Added
Nordea Investment Management AB268,246$63.3M0.08%−250,744−48.3%Reduced
Cincinnati Insurance Co264,400$62.5M1.12%00.0%Unchanged
Principal Financial Group Inc251,484$59.4M0.04%−1,855−0.7%Reduced
SEI Investments Co242,934$57.4M0.09%+35,936+17.4%Added
State Board of Administration of Florida Retirement System235,768$55.7M0.12%+6,185+2.7%Added
Reaves W H & Co Inc235,100$55.6M2.02%00.0%Unchanged
Truist Financial Corp234,993$55.5M0.09%−15,069−6.0%Reduced
Swedbank AB231,990$54.8M0.09%−77,284−25.0%Reduced
Markel Group Inc.SuperinvestorMarkel Group229,500$54.2M0.59%00.0%Unchanged
Primecap Management Co224,100$53.0M0.04%−5,600−2.4%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.226,955$52.9M0.09%+12,072+5.6%Added
Adage Capital Partners GP, L.L.C.219,706$51.9M0.11%−6,000−2.7%Reduced
Aristotle Atlantic Partners, LLC216,266$51.1M1.80%+1,301+0.6%Added
US Bancorp211,051$49.9M0.07%+4,439+2.1%Added
Brandywine Global Investment Management, LLC207,639$49.1M0.40%−996−0.5%Reduced
Natixis Advisors, L.P.206,376$48.8M0.13%+49,278+31.4%Added
Saturna Capital CORP204,720$48.4M0.75%−24,000−10.5%Reduced
New York State Teachers Retirement System204,517$48.3M0.11%−3,343−1.6%Reduced
Cohen & Steers, Inc.202,861$48.0M0.10%−73,602−26.6%Reduced
LPL Financial LLC200,887$47.5M0.03%+13,628+7.3%Added
Manufacturers Life Insurance Company, The198,626$47.0M0.03%+6,414+3.3%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys191,810$45.3M0.33%+4,916+2.6%Added
Russell Investments Group, Ltd.190,945$45.1M0.08%+21,532+12.7%Added
ING Groep NV189,959$44.9M0.36%+153,754+424.7%Added
Korea Investment CORP186,527$44.1M0.12%−18,026−8.8%Reduced
J. Goldman & Co LP178,424$42.2M2.36%+178,424New
Capital International Investors173,141$40.9M0.01%−158,846−47.8%Reduced
ClearBridge Investments Ltd170,633$40.3M1.13%−6,958−3.9%Reduced
Cornerstone Investment Partners, LLC169,919$40.2M2.26%+20,261+13.5%Added