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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 2025

Institutional positions in Norfolk Southern Corp as of Mar 31, 2025. 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
1,656
−1 vs. Q4 2024
Shares held
174.2M
+533.3K (+0.3%) vs. Q4 2024
Total value
$41.2B
+$467.9M (+1.1%) vs. Q4 2024
New holders
106
558 more added
Sold out
107
592 more reduced

29 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2025: 1,656 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 2025: $41.2B
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 2025

Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q4 2024.

Institutions holding NSC in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
3Chopt Investment Partners, LLC9,916$2.35M0.62%+9,916New
Colonial Trust Advisors10,031$2.38M0.21%−908−8.3%Reduced
B. Metzler seel. Sohn & Co. AG10,099$2.39M0.02%−108−1.1%Reduced
Wealthfront Advisers LLC10,144$2.40M0.01%+952+10.4%Added
Congress Wealth Management LLC10,150$2.40M0.03%+1,284+14.5%Added
Walleye Trading LLC10,179$2.41M0.07%+9,739+2,213.4%Added
Boston Family Office LLC10,473$2.48M0.18%−7−0.1%Reduced
St. Nicholas Private Asset Management, Inc10,510$2.49M2.36%00.0%Unchanged
Beese Fulmer Investment Management, Inc.10,539$2.50M0.21%+2,400+29.5%Added
Maryland State Retirement & Pension System10,566$2.50M0.06%−1,503−12.5%Reduced
New Mexico Educational Retirement Board10,576$2.50M0.09%−200−1.9%Reduced
Great Lakes Advisors, LLC10,603$2.51M0.02%−1,033−8.9%Reduced
Sone Capital Management, LLC10,639$2.52M0.26%−8,640−44.8%Reduced
Murphy Pohlad Asset Management LLC10,675$2.53M1.07%00.0%Unchanged
Allspring Global Investments Holdings, LLC10,728$2.54M0.00%−6−0.1%Reduced
Old Second National Bank of Aurora10,800$2.56M0.60%−370−3.3%Reduced
Bridge Creek Capital Management LLC10,831$2.57M0.81%+405+3.9%Added
United Bank10,851$2.57M1.06%+812+8.1%Added
Principle Wealth Partners LLC10,865$2.57M0.18%−200−1.8%Reduced
Rothschild Investment LLC10,900$2.58M0.17%+40.0%Added
Ally Financial Inc.11,000$2.61M0.29%+11,000New
Thrivent Financial for Lutherans10,869$2.63M0.01%+50.0%Added
Edgestream Partners, L.P.11,129$2.64M0.09%+11,129New
Toroso Investments, LLC11,166$2.64M0.02%+145+1.3%Added
Community Bank & Trust, Waco, Texas11,176$2.65M0.62%+18+0.2%Added
Umb Bank N A11,177$2.65M0.04%−720−6.1%Reduced
Ethic Inc.11,199$2.65M0.05%−347−3.0%Reduced
Franklin Street Advisors Inc11,200$2.65M0.19%00.0%Unchanged
BancorpSouth Bank11,350$2.69M0.19%−47−0.4%Reduced
Sepio Capital, LP11,399$2.70M0.21%−2,095−15.5%Reduced
Aquatic Capital Management LLC11,484$2.72M0.07%−13,005−53.1%Reduced
Delta Capital Management LLC11,560$2.74M1.59%−300−2.5%Reduced
Natixis11,661$2.74M0.02%+11,661New
Dark Forest Capital Management LP11,613$2.75M0.13%+11,613New
Pensionmark Financial Group, LLC11,631$2.75M0.07%+76+0.7%Added
Roberts Glore & Co Inc11,643$2.76M0.84%+16+0.1%Added
Farmers & Merchants Investments Inc11,698$2.77M0.09%00.0%Unchanged
Wolverine Trading, LLC12,057$2.78M0.09%+7,289+152.9%Added
Oak Asset Management, LLC11,742$2.78M1.02%−260−2.2%Reduced
Concurrent Investment Advisors, LLC11,901$2.82M0.07%+972+8.9%Added
Securian Asset Management, Inc12,011$2.84M0.09%−100−0.8%Reduced
SCS Capital Management LLC12,023$2.85M0.04%+12,023New
Oppenheimer & Co Inc12,054$2.85M0.04%−2,258−15.8%Reduced
Pacer Advisors, Inc.12,057$2.86M0.01%−6,617−35.4%Reduced
Louisiana State Employees Retirement System12,200$2.89M0.06%00.0%Unchanged
Citizens National Bank Trust Department12,215$2.89M0.62%00.0%Unchanged
Inkwell Capital LLC12,264$2.90M3.17%+117+1.0%Added
CCM Investment Group, LLC12,638$2.91M0.31%+920+7.9%Added
Texas Yale Capital Corp.12,364$2.93M0.12%+622+5.3%Added
Fiduciary Trust Co12,485$2.96M0.04%+14+0.1%Added
Harbour Investment Management LLC12,494$2.96M1.34%−205−1.6%Reduced
Barbara Oil Co.12,500$2.96M1.20%00.0%Unchanged
Beacon Pointe Advisors, LLC12,545$2.97M0.03%+388+3.2%Added
Advisory Services Network, LLC12,567$2.98M0.06%+68+0.5%Added
Pinnacle Associates Ltd12,635$2.99M0.04%+33+0.3%Added
NJ State Employees Deferred Compensation Plan12,700$3.01M0.39%00.0%Unchanged
Jennison Associates LLC12,886$3.05M0.00%+120+0.9%Added
Ieq Capital, LLC12,926$3.06M0.02%+1,360+11.8%Added
Central Trust Co13,004$3.08M0.08%−127−1.0%Reduced
Argent Trust Co13,071$3.10M0.13%−15−0.1%Reduced
Verition Fund Management LLC13,110$3.11M0.02%−31,709−70.7%Reduced
Gulf International Bank (UK) Ltd13,122$3.11M0.11%−3,899−22.9%Reduced
Hills Bank & Trust Co13,141$3.11M0.22%+146+1.1%Added
Axxcess Wealth Management, LLC13,234$3.13M0.09%+143+1.1%Added
Oak Harbor Wealth Partners, LLC13,389$3.17M0.91%00.0%Unchanged
Flputnam Investment Management Co13,577$3.22M0.06%+1,300+10.6%Added
NEOS Investment Management LLC13,642$3.23M0.06%+2,505+22.5%Added
Cullen/Frost Bankers, Inc.13,667$3.24M0.05%−2,419−15.0%Reduced
TD Waterhouse Canada Inc.13,855$3.28M0.03%−152−1.1%Reduced
Hartford Investment Management Co13,850$3.28M0.11%−143−1.0%Reduced
Haverford Trust Co14,185$3.36M0.03%−100−0.7%Reduced
Advanced Asset Management Advisors Inc14,200$3.36M0.92%00.0%Unchanged
Perigon Wealth Management, LLC14,222$3.37M0.09%+42+0.3%Added
Loring Wolcott & Coolidge Fiduciary Advisors LLP15,199$3.37M0.03%−35−0.2%Reduced
Andra AP-fonden14,300$3.39M0.06%+14,300New
Central Pacific Bank - Trust Division14,329$3.39M0.47%−1,038−6.8%Reduced
Cary Street Partners Financial LLC14,457$3.42M0.11%−233−1.6%Reduced
Anchor Investment Management, LLC14,476$3.43M0.32%+259+1.8%Added
Elo Mutual Pension Insurance Co14,608$3.46M0.08%−6,025−29.2%Reduced
HM Payson & Co14,698$3.48M0.06%−372−2.5%Reduced
Vaughan David Investments LLC14,712$3.48M0.08%−467−3.1%Reduced
Stock Yards Bank & Trust Co14,778$3.50M0.12%−757−4.9%Reduced
Hardy Reed LLC15,025$3.56M0.31%+9+0.1%Added
IFP Advisors, Inc15,037$3.56M0.11%+2,936+24.3%Added
Pittenger & Anderson Inc15,384$3.64M0.13%+32+0.2%Added
Kentucky Retirement Systems15,431$3.65M0.11%−106−0.7%Reduced
NewEdge Wealth, LLC15,622$3.70M0.07%−121−0.8%Reduced
Alpha Omega Wealth Management LLC15,655$3.71M0.71%−720−4.4%Reduced
Burke & Herbert Bank & Trust Co15,830$3.75M0.90%−41−0.3%Reduced
Smithfield Trust Co15,967$3.78M0.19%00.0%Unchanged
Sandy Spring Bank16,087$3.81M0.16%−358−2.2%Reduced
Kestra Private Wealth Services, LLC16,161$3.83M0.06%+3,659+29.3%Added
Aptus Capital Advisors, LLC16,301$3.86M0.04%+2,141+15.1%Added
Hartford Financial Management Inc.16,587$3.93M0.81%00.0%Unchanged
Avantax Advisory Services, Inc.16,592$3.93M0.02%+31+0.2%Added
KBC Group NV17,010$4.03M0.01%−3,074−15.3%Reduced
QRG Capital Management, Inc.17,275$4.09M0.04%−698−3.9%Reduced
Logan Capital Management Inc17,295$4.10M0.19%−188−1.1%Reduced
Somerset Trust Co17,396$4.12M1.47%+692+4.1%Added
Teachers Retirement System of the State of Kentucky17,469$4.14M0.04%+754+4.5%Added