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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
Public Sector Pension Investment Board30,824$7.30M0.03%+2,467+8.7%Added
Klingenstein Fields & Co LP30,985$7.34M0.31%−906−2.8%Reduced
Trust Co of Toledo NA31,128$7.37M0.98%+293+1.0%Added
Trust Co of Vermont31,202$7.39M0.37%−43−0.1%Reduced
Ensign Peak Advisors, Inc31,379$7.43M0.01%−7,764−19.8%Reduced
Xponance, Inc.31,960$7.57M0.07%+552+1.8%Added
Daiwa Securities Group Inc.32,239$7.64M0.03%+2,470+8.3%Added
National Mutual Insurance Federation of Agricultural Cooperatives32,400$7.67M0.07%00.0%Unchanged
Yousif Capital Management, LLC32,617$7.73M0.09%−268−0.8%Reduced
Police & Firemen's Retirement System of New Jersey32,838$7.78M0.08%00.0%Unchanged
Eliot Finkel Investment Counsel, LLC33,010$7.82M5.32%−210−0.6%Reduced
Bokf, NA33,507$7.94M0.14%−2,580−7.1%Reduced
Lafayette Investments, Inc.33,738$7.99M1.69%−182−0.5%Reduced
Baker Chad R33,906$8.03M1.64%00.0%Unchanged
Earnest Partners LLC34,139$8.09M0.04%−30.0%Reduced
Baker Avenue Asset Management, LP34,378$8.14M0.26%+1,103+3.3%Added
CIBC World Markets Inc.35,139$8.32M0.02%+3,531+11.2%Added
Tufton Capital Management35,169$8.33M1.60%−145−0.4%Reduced
Verdence Capital Advisors LLC35,466$8.40M0.64%+1,075+3.1%Added
Moore Capital Management, LP35,481$8.40M0.28%−58,805−62.4%Reduced
Cohen Klingenstein LLC35,500$8.41M0.30%00.0%Unchanged
Ilmarinen Mutual Pension Insurance Co36,500$8.64M0.08%00.0%Unchanged
W.G. Shaheen & Associates DBA Whitney & Co36,602$8.67M0.92%+954+2.7%Added
MML Investors Services, LLC36,648$8.68M0.03%+3,176+9.5%Added
Saybrook Capital36,762$8.71M2.40%+405+1.1%Added
CIBC Private Wealth Group, LLC42,257$8.72M0.02%−459−1.1%Reduced
Commerce Bank37,033$8.77M0.06%−1,071−2.8%Reduced
Cresset Asset Management, LLC37,263$8.83M0.04%+850+2.3%Added
Trajan Wealth LLC37,493$8.88M0.48%+3,640+10.8%Added
Utah Retirement Systems37,512$8.88M0.10%00.0%Unchanged
Quantinno Capital Management LP37,606$8.91M0.06%+20,246+116.6%Added
BTC Capital Management, Inc.37,995$9.00M0.82%+934+2.5%Added
ProShare Advisors LLC38,610$9.14M0.02%+5,682+17.3%Added
MUFG Securities EMEA plc39,000$9.24M0.24%+6,001+18.2%Added
Heritage Investors Management Corp39,720$9.41M0.32%−525−1.3%Reduced
Linscomb & Williams, Inc.40,177$9.52M0.47%+391+1.0%Added
CIBC Asset Management Inc40,186$9.52M0.03%−4,557−10.2%Reduced
Mn Services Vermogensbeheer B.V.40,260$9.54M0.07%+800+2.0%Added
Mercer Global Advisors Inc40,276$9.54M0.02%−1,670−4.0%Reduced
Blair William & Co40,993$9.71M0.03%−2,442−5.6%Reduced
Cambridge Investment Research Advisors, Inc.41,133$9.74M0.03%+3,348+8.9%Added
Advisor Group Holdings, Inc.41,205$9.77M0.02%−4,676−10.2%Reduced
USS Investment Management Ltd41,303$9.79M0.07%−9,200−18.2%Reduced
Glenmede Trust Co NA41,366$9.80M0.05%−1,235−2.9%Reduced
Varma Mutual Pension Insurance Co42,510$10.1M0.09%−5,700−11.8%Reduced
South Dakota Investment Council42,692$10.1M0.21%00.0%Unchanged
Forsta Ap-Fonden42,900$10.2M0.08%−2,400−5.3%Reduced
ING Groep NV43,113$10.2M0.07%−41,083−48.8%Reduced
British Columbia Investment Management Corp43,266$10.2M0.06%−31−0.1%Reduced
Capital Fund Management S.A.43,456$10.3M0.13%+538+1.3%Added
Neville Rodie & Shaw Inc43,665$10.3M0.81%−1,920−4.2%Reduced
Amalgamated Bank43,851$10.4M0.09%+507+1.2%Added
M. Kraus & Co43,981$10.4M3.17%−870−1.9%Reduced
Wiley Bros.-Aintree Capital, LLC45,846$10.5M0.11%−17,569−27.7%Reduced
Voya Investment Management LLC44,904$10.6M0.01%−55−0.1%Reduced
Schonfeld Strategic Advisors LLC45,252$10.7M0.07%+10,342+29.6%Added
Two Sigma Investments, LP45,291$10.7M0.02%+19,915+78.5%Added
Skandinaviska Enskilda Banken AB (publ)45,432$10.8M0.05%−422−0.9%Reduced
Pathstone Holdings, LLC46,070$10.9M0.05%+17,934+63.7%Added
Sanctuary Advisors, LLC46,595$11.0M0.08%−1,117−2.3%Reduced
UBS Oconnor LLC48,113$11.4M0.27%−3,547−6.9%Reduced
Rockefeller Capital Management L.P.48,177$11.4M0.03%+2,464+5.4%Added
Dillon & Associates Inc48,294$11.4M1.70%+1,831+3.9%Added
Retirement Systems of Alabama48,658$11.5M0.04%−326−0.7%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)48,960$11.6M0.03%+3,932+8.7%Added
Alberta Investment Management Corp49,072$11.6M0.08%+5,100+11.6%Added
Corebridge Financial, Inc.50,503$12.0M0.07%−1,495−2.9%Reduced
Ingalls & Snyder LLC51,986$12.3M0.41%+339+0.7%Added
Czech National Bank52,008$12.3M0.11%+2,954+6.0%Added
Kames Capital plc52,782$12.5M0.18%−13,755−20.7%Reduced
Man Group plc53,081$12.6M0.04%+53,081New
Zimmer Partners, LP53,100$12.6M0.26%−11,900−18.3%Reduced
Kanawha Capital Management LLC53,272$12.6M0.98%+64+0.1%Added
Van Eck Associates Corp53,326$12.6M0.02%+29,210+121.1%Added
IFM Investors Pty Ltd53,736$12.7M0.14%−9,782−15.4%Reduced
Bryn Mawr Trust Co54,089$12.8M0.24%−3,439−6.0%Reduced
Citadel Advisors LLC54,870$13.0M0.01%−23,717−30.2%Reduced
Davidson Investment Advisors54,976$13.0M0.64%−92−0.2%Reduced
Hudson Bay Capital Management LP55,500$13.1M0.08%−42,419−43.3%Reduced
Tenere Capital LLC55,760$13.2M3.63%+8,564+18.1%Added
Glenview Trust Co55,766$13.2M0.26%−8,575−13.3%Reduced
Kimelman & Baird, LLC56,880$13.5M1.14%00.0%Unchanged
STRS Ohio57,943$13.7M0.06%−222−0.4%Reduced
Lowe Brockenbrough & Co Inc58,203$13.8M0.91%−807−1.4%Reduced
MetLife Investment Management58,802$13.9M0.08%−1,074−1.8%Reduced
Skylands Capital, LLC61,285$14.5M2.10%−2,385−3.7%Reduced
State of Michigan Retirement System61,390$14.5M0.08%00.0%Unchanged
Geneos Wealth Management Inc.61,517$14.6M0.49%−3,163−4.9%Reduced
Healthcare of Ontario Pension Plan Trust Fund63,100$14.9M0.03%+35,300+127.0%Added
Richard C. Young & CO., LTD.65,753$15.6M1.67%−1,127−1.7%Reduced
Arizona State Retirement System66,395$15.7M0.10%+1,506+2.3%Added
Cetera Investment Advisers66,804$15.8M0.03%+9,818+17.2%Added
Mariner, LLC68,773$16.3M0.03%+682+1.0%Added
Brown Advisory Inc69,186$16.4M0.02%−925−1.3%Reduced
Credit Agricole S A69,617$16.5M0.06%+9,922+16.6%Added
Resona Asset Management Co.,Ltd.70,370$16.6M0.10%+5,313+8.2%Added
Creative Planning70,708$16.7M0.02%−12,176−14.7%Reduced
Bartlett & Co. Wealth Management LLC70,893$16.8M0.25%−3,047−4.1%Reduced
Nomura Asset Management Co Ltd71,244$16.9M0.05%+4,337+6.5%Added
Wealth Enhancement Advisory Services, LLC71,463$16.9M0.03%+2,782+4.1%Added