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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 2024

Institutional positions in Norfolk Southern Corp as of Dec 31, 2024. 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
1,686
+104 vs. Q3 2024
Shares held
174.5M
+3.01M (+1.8%) vs. Q3 2024
Total value
$41.0B
−$1.32B (−3.1%) vs. Q3 2024
New holders
201
515 more added
Sold out
97
585 more reduced

30 institutions that held it in Q3 2024 haven't filed for Q4 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2024: 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 2024: 1,686 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 2024: $41.0B
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 2024

Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q3 2024.

Institutions holding NSC in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
Kornitzer Capital Management Inc26,450$6.21M0.12%−561−2.1%Reduced
Farmers National Bank26,439$6.21M1.81%+26,439New
Uncommon Cents Investing LLC26,313$6.18M1.84%−280−1.1%Reduced
Capital Investment Advisors, LLC26,147$6.14M0.13%−1,133−4.2%Reduced
Gateway Investment Advisers LLC26,082$6.12M0.07%−145−0.6%Reduced
State of Alaska, Department of Revenue25,794$6.05M0.07%−3,204−11.0%Reduced
Dana Investment Advisors, Inc.25,590$6.01M0.20%+3,315+14.9%Added
Two Sigma Investments, LP25,376$5.96M0.01%−25,594−50.2%Reduced
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund25,062$5.88M0.06%−2,000−7.4%Reduced
RSM US Wealth Management LLC24,801$5.80M0.08%−168−0.7%Reduced
Portland Global Advisors LLC24,667$5.79M0.73%−164−0.7%Reduced
Aquatic Capital Management LLC24,489$5.75M0.16%−5,831−19.2%Reduced
Advisors Asset Management, Inc.24,348$5.71M0.11%+4,224+21.0%Added
Van Eck Associates Corp24,116$5.66M0.01%−20,512−46.0%Reduced
Rafferty Asset Management, LLC24,017$5.64M0.02%+2,673+12.5%Added
Wellington Management Group LLP23,882$5.61M0.00%+820+3.6%Added
Estabrook Capital Management23,654$5.55M0.86%−898−3.7%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.23,423$5.50M0.01%−9,936−29.8%Reduced
HB Wealth Management, LLC23,405$5.49M0.06%+1,486+6.8%Added
Huntington National Bank23,300$5.47M0.04%−1,320−5.4%Reduced
Burns J W & Co Inc22,794$5.35M0.68%−1,547−6.4%Reduced
Gibson Wealth Advisors LLC22,709$5.33M4.40%00.0%Unchanged
Engineers Gate Manager LP22,708$5.33M0.09%−28,099−55.3%Reduced
Swiss Life Asset Management Ltd22,300$5.23M0.04%−24,259−52.1%Reduced
Running Oak Capital LLC22,154$5.20M0.68%+5,136+30.2%Added
Thompson Siegel & Walmsley LLC22,144$5.20M0.08%−166−0.7%Reduced
MAI Capital Management21,866$5.13M0.04%+1,874+9.4%Added
D.A. Davidson & Co.21,585$5.07M0.04%−298−1.4%Reduced
Robeco Institutional Asset Management B.V.21,568$5.06M0.01%−830−3.7%Reduced
Mizuho Securities USA LLC21,442$5.03M0.09%+6,781+46.3%Added
Tiaa Trust, National Association21,410$5.02M0.02%+264+1.2%Added
First Hawaiian Bank21,409$5.02M0.16%+440+2.1%Added
Old Point Trust & Financial Services N A21,086$4.95M1.74%−294−1.4%Reduced
Meridian Investment Counsel Inc.21,073$4.95M1.48%−55−0.3%Reduced
Baxter Bros Inc20,769$4.87M0.64%−1,514−6.8%Reduced
Elo Mutual Pension Insurance Co20,633$4.84M0.10%−837−3.9%Reduced
Howe & Rusling Inc20,547$4.82M0.42%−1,367−6.2%Reduced
Atria Investments LLC20,475$4.81M0.06%+1,829+9.8%Added
Patten & Patten Inc20,298$4.76M0.31%−159−0.8%Reduced
Kestra Advisory Services, LLC20,247$4.75M0.03%−640−3.1%Reduced
KBC Group NV20,084$4.71M0.01%+2,439+13.8%Added
Ausbil Investment Management Ltd19,939$4.70M2.83%+19,939New
Bradley Foster & Sargent Inc19,942$4.68M0.08%+67+0.3%Added
Hantz Financial Services, Inc.19,881$4.67M0.08%+15,060+312.4%Added
Mount Yale Investment Advisors, LLC19,719$4.63M0.37%−160−0.8%Reduced
Private Advisor Group, LLC19,702$4.62M0.03%−390−1.9%Reduced
Mackenzie Financial Corp19,630$4.61M0.01%+91+0.5%Added
Steward Partners Investment Advisory, LLC19,532$4.58M0.04%+1,015+5.5%Added
Cullinan Associates Inc19,500$4.58M0.29%−700−3.5%Reduced
Oregon Public Employees Retirement Fund19,400$4.55M0.08%+96+0.5%Added
Eagle Rock Investment Company, LLC19,328$4.54M0.75%−2,091−9.8%Reduced
Mirae Asset Global Investments Co., Ltd.19,246$4.53M0.02%+4,818+33.4%Added
Sone Capital Management, LLC19,279$4.52M0.57%+19,279New
Boothbay Fund Management, LLC19,276$4.52M0.14%+18,376+2,041.8%Added
JustInvest LLC19,211$4.51M0.07%+803+4.4%Added
Canandaigua National Bank & Trust Co19,201$4.51M0.44%00.0%Unchanged
Covington Investment Advisors Inc.19,171$4.50M0.68%−1,790−8.5%Reduced
Douglass Winthrop Advisors, LLC19,028$4.47M0.09%+300+1.6%Added
Nordea Investment Management AB18,940$4.45M0.00%+1,451+8.3%Added
Wescott Financial Advisory Group, LLC18,847$4.42M0.46%−681−3.5%Reduced
Trust Co of Virginia18,740$4.40M0.41%−2,416−11.4%Reduced
Pacer Advisors, Inc.18,674$4.38M0.01%+1,738+10.3%Added
Scotia Capital Inc.18,471$4.34M0.02%+426+2.4%Added
Highland Capital Management, LLC18,424$4.32M0.25%−400−2.1%Reduced
Jamison Private Wealth Management, Inc.18,381$4.31M0.64%+260+1.4%Added
GWM Advisors LLC18,311$4.30M0.03%+2,596+16.5%Added
Cornerstone Advisors, LLC18,300$4.30M0.17%00.0%Unchanged
Aventail Capital Group, LP18,229$4.28M0.22%+18,229New
QRG Capital Management, Inc.17,973$4.22M0.04%+209+1.2%Added
Signaturefd, LLC17,873$4.19M0.08%−81−0.5%Reduced
Generali Asset Management SPA SGR17,634$4.14M0.11%+17,634New
Independent Investors Inc17,600$4.13M0.82%00.0%Unchanged
Cherokee Insurance Co17,500$4.11M1.86%+17,500New
Logan Capital Management Inc17,483$4.10M0.17%−50.0%Reduced
Quantinno Capital Management LP17,360$4.07M0.04%+7,517+76.4%Added
Silvercrest Asset Management Group LLC17,334$4.07M0.03%−3,702−17.6%Reduced
UniSuper Management Pty Ltd17,250$4.05M0.03%+3,198+22.8%Added
O'Shaughnessy Asset Management, LLC17,224$4.04M0.03%+1,003+6.2%Added
Wexford Capital LP17,128$4.02M1.03%+17,128New
Stonegate Investment Group, LLC17,091$4.01M0.11%00.0%Unchanged
New Republic Capital, LLC17,074$4.01M2.62%−17−0.1%Reduced
Gulf International Bank (UK) Ltd17,021$3.99M0.10%−183−1.1%Reduced
Jones Financial Companies LLLP16,986$3.99M0.00%+10,311+154.5%Added
Loring Wolcott & Coolidge Fiduciary Advisors LLP15,234$3.96M0.03%−911−5.6%Reduced
Teachers Retirement System of the State of Kentucky16,715$3.92M0.03%−392−2.3%Reduced
Somerset Trust Co16,704$3.92M1.48%+429+2.6%Added
Empowered Funds, LLC16,634$3.90M0.06%−211−1.3%Reduced
Hartford Financial Management Inc.16,587$3.89M0.80%00.0%Unchanged
Avantax Advisory Services, Inc.16,561$3.89M0.02%−53−0.3%Reduced
Sandy Spring Bank16,445$3.86M0.16%−433−2.6%Reduced
Alpha Omega Wealth Management LLC16,375$3.84M0.73%−280−1.7%Reduced
Cullen/Frost Bankers, Inc.16,086$3.78M0.05%+1,570+10.8%Added
Smithfield Trust Co15,967$3.75M0.19%−111−0.7%Reduced
Bessemer Group Inc15,897$3.73M0.01%+255+1.6%Added
Burke & Herbert Bank & Trust Co15,871$3.72M0.88%−25−0.2%Reduced
NewEdge Wealth, LLC15,743$3.69M0.06%−116−0.7%Reduced
Vestmark Advisory Solutions, Inc.15,604$3.66M0.13%+1,616+11.6%Added
Kentucky Retirement Systems15,537$3.65M0.11%−214−1.4%Reduced
Stock Yards Bank & Trust Co15,535$3.65M0.13%−193−1.2%Reduced
Central Pacific Bank - Trust Division15,367$3.61M0.47%00.0%Unchanged