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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: 1,592 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 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 20221,592$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, 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
Advanced Asset Management Advisors Inc14,300$3.38M0.80%−70−0.5%Reduced
Securian Asset Management, Inc14,342$3.39M0.10%−1,931−11.9%Reduced
Wellington Management Group LLP14,573$3.44M0.00%−212−1.4%Reduced
Public Sector Pension Investment Board14,631$3.46M0.03%−9,687−39.8%Reduced
Oppenheimer & Co Inc14,960$3.54M0.06%+260+1.8%Added
Axxcess Wealth Management, LLC14,972$3.54M0.11%+9,114+155.6%Added
Ethic Inc.14,979$3.54M0.10%+3,427+29.7%Added
Robeco Institutional Asset Management B.V.14,997$3.54M0.01%+187+1.3%Added
Hardy Reed LLC15,000$3.55M0.48%+15,000New
Kestra Advisory Services, LLC15,055$3.56M0.03%−1,466−8.9%Reduced
Hartford Investment Management Co15,253$3.61M0.13%−336−2.2%Reduced
Raymond James Trust N.A.15,258$3.61M0.10%+250+1.7%Added
CX Institutional15,282$3.61M0.19%+4,594+43.0%Added
Cullen/Frost Bankers, Inc.15,335$3.62M0.06%−7,228−32.0%Reduced
Central Trust Co15,493$3.66M0.10%−525−3.3%Reduced
Cetera Investment Advisers15,584$3.68M0.03%−925−5.6%Reduced
New Republic Capital, LLC15,642$3.70M2.63%+16+0.1%Added
Envestnet Portfolio Solutions, Inc.15,758$3.72M0.02%−849−5.1%Reduced
Pacer Advisors, Inc.15,777$3.73M0.01%+654+4.3%Added
Prospera Financial Services Inc15,785$3.73M0.12%−1,099−6.5%Reduced
Somerset Trust Co15,791$3.73M1.64%−458−2.8%Reduced
First Hawaiian Bank15,802$3.74M0.12%+2,859+22.1%Added
Putnam Investments LLC16,047$3.79M0.01%+61+0.4%Added
QRG Capital Management, Inc.16,112$3.81M0.06%+2,000+14.2%Added
AE Wealth Management LLC16,392$3.84M0.02%+788+5.0%Added
Smithfield Trust Co16,297$3.85M0.22%−186−1.1%Reduced
Allianz Asset Management GmbH16,472$3.89M0.01%−12,457−43.1%Reduced
Hartford Financial Management Inc.16,587$3.92M0.89%00.0%Unchanged
AQR Capital Management LLC16,736$3.96M0.01%−44,404−72.6%Reduced
InterOcean Capital Group, LLC16,736$3.96M0.11%−1,041−5.9%Reduced
Douglass Winthrop Advisors, LLC16,759$3.96M0.09%−135−0.8%Reduced
Old Point Trust & Financial Services N A16,771$3.96M1.60%−46−0.3%Reduced
Cullinan Associates Inc17,163$4.06M0.23%00.0%Unchanged
Cary Street Partner Investment Advisory LLC17,172$4.06M0.19%−575−3.2%Reduced
Sandy Spring Bank17,335$4.10M0.20%−284−1.6%Reduced
Alpha Omega Wealth Management LLC17,458$4.13M0.68%−73−0.4%Reduced
Bessemer Group Inc17,469$4.13M0.01%−8,620−33.0%Reduced
Logan Capital Management Inc17,488$4.13M0.19%−40.0%Reduced
Independent Investors Inc17,600$4.16M0.96%00.0%Unchanged
Oregon Public Employees Retirement Fund17,620$4.17M0.07%+48+0.3%Added
Maryland State Retirement & Pension System17,685$4.18M0.09%+331+1.9%Added
Marketfield Asset Management LLC17,776$4.20M3.41%00.0%Unchanged
Factorial Partners, LLC17,800$4.21M2.66%−800−4.3%Reduced
Eagle Rock Investment Company, LLC17,821$4.21M0.86%+1,430+8.7%Added
Signaturefd, LLC17,976$4.25M0.10%+936+5.5%Added
Cornerstone Advisors, LLC18,000$4.25M0.19%−4,400−19.6%Reduced
MML Investors Services, LLC18,063$4.27M0.02%+1,824+11.2%Added
Kentucky Retirement Systems18,093$4.28M0.13%+463+2.6%Added
AMG National Trust Bank18,207$4.30M0.14%+987+5.7%Added
Howe & Rusling Inc18,337$4.33M0.46%+6,740+58.1%Added
Jamison Private Wealth Management, Inc.18,493$4.37M0.82%−99−0.5%Reduced
Stonegate Investment Group, LLC18,610$4.40M0.15%−531−2.8%Reduced
Steward Partners Investment Advisory, LLC18,667$4.41M0.06%−507−2.6%Reduced
Gulf International Bank (UK) Ltd18,688$4.42M0.12%−2,126−10.2%Reduced
Mackenzie Financial Corp18,698$4.42M0.01%−1,892−9.2%Reduced
Institutional & Family Asset Management, LLC18,947$4.48M0.74%−58−0.3%Reduced
TCW Group Inc18,962$4.48M0.05%+4,782+33.7%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.18,975$4.49M0.01%−7,464−28.2%Reduced
GWM Advisors LLC18,980$4.54M0.04%+2,145+12.7%Added
Vaughan David Investments LLC19,330$4.57M0.13%−785−3.9%Reduced
Sepio Capital, LP19,433$4.59M0.39%−4,863−20.0%Reduced
Stock Yards Bank & Trust Co19,466$4.60M0.16%−131−0.7%Reduced
Patten & Patten Inc19,538$4.62M0.38%−1,042−5.1%Reduced
M&R Capital Management Inc19,649$4.64M1.16%−334−1.7%Reduced
Loring Wolcott & Coolidge Fiduciary Advisors LLP19,809$4.66M0.05%−679−3.3%Reduced
Teachers Retirement System of the State of Kentucky19,729$4.66M0.04%−963−4.7%Reduced
Elo Mutual Pension Insurance Co19,820$4.68M0.13%+767+4.0%Added
First Trust Investment Solutions L.P.19,926$4.71M0.98%+19,926New
Kepos Capital LP20,000$4.73M1.53%+20,000New
Mount Yale Investment Advisors, LLC20,171$4.77M0.45%−479−2.3%Reduced
Canandaigua National Bank & Trust Co20,268$4.79M0.74%−1,223−5.7%Reduced
KBC Group NV20,325$4.80M0.02%+2,528+14.2%Added
Daiwa Securities Group Inc.20,479$4.84M0.03%+1,470+7.7%Added
Degroof Petercam Asset Management20,500$4.85M0.06%+20,500New
Bradley Foster & Sargent Inc20,890$4.94M0.10%−244−1.2%Reduced
Silvercrest Asset Management Group LLC21,373$5.05M0.04%−342−1.6%Reduced
Carlson Capital L P21,504$5.08M0.41%−93,796−81.3%Reduced
Meridian Investment Counsel Inc.21,568$5.10M1.75%+1,200+5.9%Added
Highland Capital Management, LLC21,672$5.12M0.32%+180+0.8%Added
W.G. Shaheen & Associates DBA Whitney & Co21,756$5.14M0.67%−131−0.6%Reduced
Tiaa Trust, National Association21,822$5.16M0.02%−1,777−7.5%Reduced
Covington Investment Advisors Inc.21,937$5.18M0.94%−362−1.6%Reduced
Woodline Partners LP21,946$5.19M0.06%+21,946New
D.A. Davidson & Co.22,021$5.21M0.05%+3,143+16.6%Added
Qube Research & Technologies Ltd22,510$5.32M0.01%−144,010−86.5%Reduced
Thompson Siegel & Walmsley LLC22,668$5.36M0.09%−290−1.3%Reduced
Rafferty Asset Management, LLC22,763$5.38M0.02%+944+4.3%Added
Natixis22,947$5.42M0.04%+10,776+88.5%Added
Prudential PLC22,965$5.43M0.06%+170+0.7%Added
Bridgeway Capital Management, LLC23,100$5.46M0.12%−1,000−4.1%Reduced
Atria Investments LLC23,208$5.49M0.08%−455−1.9%Reduced
Trust Co of Vermont23,255$5.50M0.37%−4,581−16.5%Reduced
Private Advisor Group, LLC23,358$5.52M0.04%−1,912−7.6%Reduced
Moore Capital Management, LP23,956$5.66M0.14%+23,956New
Capital Investment Advisors, LLC24,190$5.72M0.14%+90.0%Added
Varma Mutual Pension Insurance Co24,381$5.76M0.06%−19,193−44.0%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd24,498$5.79M0.08%+54+0.2%Added
TD Waterhouse Canada Inc.24,288$5.85M0.05%−1,753−6.7%Reduced
Cresset Asset Management, LLC24,954$5.90M0.04%−15,655−38.6%Reduced
Jade Capital Advisors, LLC25,000$5.91M3.59%−5,000−16.7%Reduced