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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
BNP Paribas Arbitrage, SA447,973$106.1M0.08%+116,300+35.1%Added
Envestnet Asset Management Inc456,552$108.1M0.03%−10,137−2.2%Reduced
Magellan Asset Management Ltd458,320$108.6M1.32%−303,325−39.8%Reduced
Raymond James Financial Inc462,332$109.5M0.04%+13,996+3.1%Added
Phoenix Holdings Ltd.465,283$110.2M1.69%+465,283New
Standard Life Aberdeen plc497,848$116.7M0.23%+117,276+30.8%Added
Manufacturers Life Insurance Company, The496,447$117.6M0.11%−175,233−26.1%Reduced
Nuveen, LLC516,176$122.3M0.04%+516,176New
Ameriprise Financial Inc517,970$122.7M0.03%+59,098+12.9%Added
Davenport & Co LLC539,676$127.0M0.75%−555−0.1%Reduced
Royal Bank of Canada540,092$127.9M0.03%−243,833−31.1%Reduced
Sumitomo Mitsui Trust Holdings, Inc.541,420$128.2M0.09%+4,597+0.9%Added
Franklin Resources Inc548,096$129.8M0.04%+32,794+6.4%Added
National Pension Service561,491$133.0M0.13%+55,362+10.9%Added
Cincinnati Financial Corp587,687$139.2M3.11%00.0%Unchanged
Massachusetts Financial Services Co600,797$142.3M0.05%−1,364−0.2%Reduced
Amundi658,416$145.3M0.05%−644,219−49.5%Reduced
Cbre Clarion Securities LLC616,384$146.0M2.23%+294,182+91.3%Added
Swiss National Bank638,100$151.1M0.11%−600−0.1%Reduced
Primecap Management Co704,920$167.0M0.14%+31,720+4.7%Added
Arrowstreet Capital, Limited Partnership781,998$185.2M0.15%+424,276+118.6%Added
Adage Capital Partners GP, L.L.C.789,950$187.1M0.35%+611,198+341.9%Added
Mitsubishi UFJ Trust & Banking Corp803,140$190.2M0.50%−136,182−14.5%Reduced
Hotchkis & Wiley Capital Management LLC823,723$195.1M0.65%−4,980−0.6%Reduced
Ancora Advisors, LLC963,500$228.2M5.09%−44,259−4.4%Reduced
Fisher Asset Management, LLC982,483$232.7M0.10%+8,219+0.8%Added
UBS Group AG1,022,101$242.1M0.05%−430,076−29.6%Reduced
Deutsche Bank AG1,041,905$246.8M0.10%−510,333−32.9%Reduced
Mirae Asset Global ETFs Holdings Ltd.1,175,226$278.3M0.59%+201,033+20.6%Added
Wells Fargo & Company1,189,283$281.7M0.07%−116,382−8.9%Reduced
FIL Ltd1,189,292$281.7M0.27%+95,939+8.8%Added
UBS Asset Management Americas Inc1,295,460$306.8M0.08%+84,953+7.0%Added
Charles Schwab Investment Management Inc1,430,990$338.9M0.06%+16,419+1.2%Added
Goldman Sachs Group Inc1,586,491$375.8M0.07%+272,547+20.7%Added
London Co of Virginia1,594,873$377.7M2.15%−39,168−2.4%Reduced
Capital World Investors1,631,165$386.3M0.06%+4,098+0.3%Added
Legal & General Group Plc1,748,224$414.1M0.11%−35,173−2.0%Reduced
Bank of New York Mellon Corp1,803,907$427.3M0.08%−38,075−2.1%Reduced
Invesco Ltd.1,931,919$457.6M0.09%+19,433+1.0%Added
Dimensional Fund Advisors LP2,044,150$484.0M0.12%+127,889+6.7%Added
Norges Bank2,368,439$561.0M0.08%+35,354+1.5%Added
Morgan Stanley2,435,421$576.8M0.04%−41,034−1.7%Reduced
Bank of America Corp2,849,039$674.8M0.06%+4,625+0.2%Added
Northern Trust Corp2,983,620$706.7M0.10%+113,177+3.9%Added
Lazard Asset Management LLC3,087,570$731.3M1.12%−1,327,398−30.1%Reduced
American Century Companies Inc3,128,102$740.9M0.45%+189,076+6.4%Added
EdgePoint Investment Group Inc.3,998,335$947.0M7.67%+29,753+0.7%Added
FMR LLC4,085,801$967.7M0.06%+1,011,868+32.9%Added
Boston Partners4,159,070$983.2M1.19%+138,678+3.4%Added
Geode Capital Management, LLC4,785,713$1.13B0.09%+91,140+1.9%Added
JPMorgan Chase & Co7,478,124$1.77B0.13%−38,195−0.5%Reduced
State Street Corp9,459,882$2.24B0.09%+24,030+0.3%Added
Dodge & Cox10,666,554$2.53B1.44%−22,655−0.2%Reduced
Price T Rowe Associates Inc11,319,010$2.68B0.33%+2,710,930+31.5%Added
BlackRock, Inc.15,250,007$3.61B0.08%+283,654+1.9%Added
Vanguard Group Inc20,321,359$4.81B0.09%+232,195+1.2%Added
Proequities, Inc.0$00.00%−6,093−100.0%Sold out
D. E. Shaw & Co., Inc.0$00.00%−271,123−100.0%Sold out
Renaissance Technologies LLC0$00.00%−128,000−100.0%Sold out
Yaupon Capital Management LP0$00.00%−118,902−100.0%Sold out
Newbrook Capital Advisors LP0$00.00%−118,343−100.0%Sold out
Cartenna Capital, LP0$00.00%−93,474−100.0%Sold out
AMF Pensionsforsakring AB0$00.00%−68,809−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−62,121−100.0%Sold out
Beck Bode, LLC0$00.00%−56,237−100.0%Sold out
HRT Financial LP0$00.00%−56,182−100.0%Sold out
Junto Capital Management LP0$00.00%−46,800−100.0%Sold out
Twinbeech Capital LP0$00.00%−45,342−100.0%Sold out
Brevan Howard Capital Management LP0$00.00%−43,054−100.0%Sold out
Canada Post Corp Registered Pension Plan0$00.00%−31,209−100.0%Sold out
Engineers Gate Manager LP0$00.00%−22,708−100.0%Sold out
First Hawaiian Bank0$00.00%−21,409−100.0%Sold out
Aventail Capital Group, LP0$00.00%−18,229−100.0%Sold out
Wexford Capital LP0$00.00%−17,128−100.0%Sold out
Essential Planning, LLC.0$00.00%−12,118−100.0%Sold out
Abc Arbitrage SA0$00.00%−12,187−100.0%Sold out
Jefferies Financial Group Inc.0$00.00%−12,115−100.0%Sold out
Grantham, Mayo, Van Otterloo & Co. LLC0$00.00%−11,921−100.0%Sold out
Clearfield Capital Management LP0$00.00%−8,700−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−8,356−100.0%Sold out
Lecap Asset Management Ltd0$00.00%−7,626−100.0%Sold out
Oak Thistle LLC0$00.00%−7,079−100.0%Sold out
Tudor Investment Corp Et Al0$00.00%−6,959−100.0%Sold out
Cinctive Capital Management LP0$00.00%−6,747−100.0%Sold out
Caption Management, LLC0$00.00%−6,500−100.0%Sold out
Shay Capital LLC0$00.00%−6,500−100.0%Sold out
Cutter & CO Brokerage, Inc.0$00.00%−6,304−100.0%Sold out
Park Avenue Securities LLC0$00.00%−6,149−100.0%Sold out
Aft, Forsyth & Sober, LLC0$00.00%−4,750−100.0%Sold out
Teza Capital Management LLC0$00.00%−4,380−100.0%Sold out
Bleakley Financial Group, LLC0$00.00%−4,024−100.0%Sold out
111 Capital0$00.00%−4,002−100.0%Sold out
Greenland Capital Management LP0$00.00%−3,600−100.0%Sold out
Virtu Financial LLC0$00.00%−2,749−100.0%Sold out
Boston Private Wealth LLC0$00.00%−2,659−100.0%Sold out
Virginia Wealth Management Group, Inc.0$00.00%−2,404−100.0%Sold out
Morningstar Investment Management LLC0$00.00%−2,384−100.0%Sold out
Prana Capital Management, LP0$00.00%−2,372−100.0%Sold out
Sherbrooke Park Advisers LLC0$00.00%−2,178−100.0%Sold out
Bryce Point Capital, LLC0$00.00%−2,150−100.0%Sold out