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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
NorthCrest Asset Manangement, LLC71,645$17.0M0.51%+1,530+2.2%Added
Lansforsakringar Fondforvaltning AB (publ)72,020$17.1M0.10%−1,857−2.5%Reduced
Alyeska Investment Group, L.P.72,248$17.1M0.07%+72,248New
DnB Asset Management AS72,533$17.2M0.08%−411−0.6%Reduced
Sequoia Financial Advisors, LLC72,690$17.2M0.13%−899−1.2%Reduced
Kovitz Investment Group Partners, LLC73,036$17.3M0.09%+650+0.9%Added
Whittier Trust Co of Nevada Inc75,692$17.9M0.45%+1,359+1.8%Added
State of New Jersey Common Pension Fund D76,313$18.1M0.08%−6,604−8.0%Reduced
State of Tennessee, Treasury Department78,005$18.5M0.07%−19,025−19.6%Reduced
KLP Kapitalforvaltning AS78,113$18.5M0.09%+2,300+3.0%Added
Toronto Dominion Bank80,977$19.2M0.05%−27,151−25.1%Reduced
Comerica Bank82,813$19.6M0.08%−1,394−1.7%Reduced
Taylor Financial Group, Inc.83,934$19.9M13.83%−79−0.1%Reduced
TD Asset Management Inc85,052$20.1M0.02%+390+0.5%Added
Victory Capital Management Inc88,218$20.9M0.02%−270−0.3%Reduced
CI Private Wealth, LLC88,573$21.0M0.03%−48,905−35.6%Reduced
Nisa Investment Advisors, LLC91,861$21.8M0.11%+1,357+1.5%Added
Asset Management One Co.,Ltd.92,118$21.8M0.08%+5,722+6.6%Added
Public Employees Retirement System of Ohio92,951$22.0M0.08%−3,075−3.2%Reduced
DekaBank Deutsche Girozentrale96,621$22.1M0.04%+17,316+21.8%Added
Bank of Nova Scotia93,630$22.2M0.05%+60,353+181.4%Added
Waters Parkerson & Co., LLC94,064$22.3M1.19%−181−0.2%Reduced
Danske Bank A/S95,640$22.7M0.07%−12,884−11.9%Reduced
Pictet Asset Management Holding SA100,435$23.8M0.03%−818−0.8%Reduced
Royal London Asset Management Ltd103,140$24.4M0.06%+10,316+11.1%Added
Treasurer of the State of North Carolina103,445$24.5M0.10%+4,040+4.1%Added
Universal- Beteiligungs- und Servicegesellschaft mbH104,805$24.8M0.05%−13,428−11.4%Reduced
Janney Montgomery Scott LLC105,319$24.9M0.07%−6,718−6.0%Reduced
Calamos Advisors LLC105,517$25.0M0.12%+699+0.7%Added
Teacher Retirement System of Texas105,805$25.1M0.10%+68,709+185.2%Added
Captrust Financial Advisors107,499$25.5M0.06%+8,017+8.1%Added
Korea Investment CORP108,131$25.6M0.06%−31,750−22.7%Reduced
Eisler Capital Management Ltd.110,297$26.1M0.78%+28,916+35.5%Added
Fifth Third Bancorp112,539$26.7M0.10%−4,485−3.8%Reduced
Carnegie Capital Asset Management, LLC114,543$26.9M0.64%+105,683+1,192.8%Added
APG Asset Management N.V.123,000$27.0M0.08%−100−0.1%Reduced
Duff & Phelps Investment Management Co114,143$27.0M0.32%+12,006+11.8%Added
Colony Group, LLC115,417$27.3M0.07%+276+0.2%Added
Commonwealth Equity Services, LLC121,337$28.7M0.04%−4,743−3.8%Reduced
Keybank National Association123,678$29.3M0.12%−3,441−2.7%Reduced
Chevy Chase Trust Holdings, Inc.125,616$29.8M0.10%−317−0.3%Reduced
Prudential Financial Inc126,523$30.0M0.04%−153,467−54.8%Reduced
Handelsbanken Fonder AB126,845$30.0M0.12%−3,696−2.8%Reduced
State of Wisconsin Investment Board127,258$30.1M0.08%+2,464+2.0%Added
Aviva PLC128,028$30.3M0.07%+17,586+15.9%Added
Macquarie Group Ltd131,357$31.1M0.04%−4,946−3.6%Reduced
Regions Financial Corp132,502$31.4M0.23%−903−0.7%Reduced
Anchor Capital Advisors LLC133,622$31.6M0.94%−2,381−1.8%Reduced
Stifel Financial Corp133,718$31.7M0.03%−1,029,267−88.5%Reduced
Capital International Investors138,243$32.4M0.01%+6,816+5.2%Added
Baird Financial Group, Inc.138,370$32.8M0.06%+3,704+2.8%Added
M&T Bank Corp144,335$34.2M0.12%−2,974−2.0%Reduced
Danica Pension, Livsforsikringsaktieselskab145,262$34.4M0.68%+10,000+7.4%Added
Berkshire Asset Management LLC154,875$34.4M1.65%−873−0.6%Reduced
Natixis Advisors, L.P.146,943$34.8M0.06%−164,558−52.8%Reduced
Holocene Advisors, LP151,156$35.8M0.11%−286,903−65.5%Reduced
AQR Capital Management LLC165,492$38.6M0.04%+104,537+171.5%Added
New York State Teachers Retirement System165,079$39.1M0.09%−6,095−3.6%Reduced
National Bank of Canada177,441$42.0M0.05%+38,203+27.4%Added
Squarepoint Ops LLC178,537$42.3M0.10%−87,367−32.9%Reduced
Cerity Partners LLC178,771$42.3M0.09%−2,654−1.5%Reduced
Whittier Trust Co179,007$42.4M0.59%+2,115+1.2%Added
Cornerstone Investment Partners, LLC180,110$42.7M2.06%+167+0.1%Added
US Bancorp184,497$43.7M0.06%−13,136−6.6%Reduced
Russell Investments Group, Ltd.191,216$45.3M0.06%+21,198+12.5%Added
Aristotle Atlantic Partners, LLC195,953$46.4M1.57%+2,547+1.3%Added
Zacks Investment Management202,447$47.9M0.45%+10,563+5.5%Added
Cohen & Steers, Inc.204,941$48.5M0.09%00.0%Unchanged
Canada Pension Plan Investment Board206,043$48.8M0.05%+84,920+70.1%Added
Great West Life Assurance Co207,191$49.2M0.09%+2,100+1.0%Added
Allianz Asset Management GmbH213,441$50.6M0.07%−6,716−3.1%Reduced
State Board of Administration of Florida Retirement System213,875$50.7M0.10%+360+0.2%Added
Reaves W H & Co Inc219,300$51.9M1.32%00.0%Unchanged
Bank of Montreal227,019$53.8M0.03%−38,861−14.6%Reduced
Markel Group Inc.SuperinvestorMarkel Group229,500$54.4M0.48%00.0%Unchanged
Citigroup Inc233,914$55.4M0.04%+140,706+151.0%Added
Truist Financial Corp237,401$56.2M0.09%−3,395−1.4%Reduced
Principal Financial Group Inc251,986$59.7M0.03%−1,303−0.5%Reduced
SEI Investments Co254,337$60.2M0.08%+7,107+2.9%Added
New York State Common Retirement Fund263,820$62.5M0.09%−5,800−2.2%Reduced
Cincinnati Insurance Co264,400$62.6M1.09%00.0%Unchanged
First Trust Advisors LP267,063$63.3M0.06%+49,233+22.6%Added
LPL Financial LLC273,940$64.9M0.03%+25,366+10.2%Added
Manning & Napier Advisors LLC279,022$66.1M0.82%+219,576+369.4%Added
Assenagon Asset Management S.A.286,818$67.9M0.12%−244,937−46.1%Reduced
HighTower Advisors, LLC290,095$68.7M0.09%+3,158+1.1%Added
Corvex Management LP297,431$70.4M2.74%00.0%Unchanged
Clearstead Advisors, LLC301,475$71.4M1.11%+16,208+5.7%Added
California State Teachers Retirement System333,638$79.0M0.10%−1,914−0.6%Reduced
California Public Employees Retirement System336,232$79.6M0.06%+65,806+24.3%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys337,106$79.8M0.47%+54,353+19.2%Added
Alliancebernstein L.P.344,726$81.6M0.03%−215,595−38.5%Reduced
Neuberger Berman Group LLC356,642$84.5M0.07%−716,487−66.8%Reduced
The PNC Financial Services Group, Inc.382,772$90.7M0.05%−4,061−1.0%Reduced
Barclays PLC390,349$92.5M0.04%+52,702+15.6%Added
Marshall Wace, LLP411,927$97.6M0.13%+156,419+61.2%Added
HSBC Holdings PLC414,719$97.9M0.07%+25,389+6.5%Added
Public Employees Retirement Association of Colorado423,341$100.3M0.43%−707−0.2%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.432,571$102.5M0.09%+69,683+19.2%Added
Rhumbline Advisers435,465$103.1M0.10%+11,708+2.8%Added