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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
Holocene Advisors, LP151,156$35.8M0.11%−286,903−65.5%Reduced
Natixis Advisors, L.P.146,943$34.8M0.06%−164,558−52.8%Reduced
Berkshire Asset Management LLC154,875$34.4M1.65%−873−0.6%Reduced
Danica Pension, Livsforsikringsaktieselskab145,262$34.4M0.68%+10,000+7.4%Added
M&T Bank Corp144,335$34.2M0.12%−2,974−2.0%Reduced
Baird Financial Group, Inc.138,370$32.8M0.06%+3,704+2.8%Added
Capital International Investors138,243$32.4M0.01%+6,816+5.2%Added
Stifel Financial Corp133,718$31.7M0.03%−1,029,267−88.5%Reduced
Anchor Capital Advisors LLC133,622$31.6M0.94%−2,381−1.8%Reduced
Regions Financial Corp132,502$31.4M0.23%−903−0.7%Reduced
Macquarie Group Ltd131,357$31.1M0.04%−4,946−3.6%Reduced
Aviva PLC128,028$30.3M0.07%+17,586+15.9%Added
State of Wisconsin Investment Board127,258$30.1M0.08%+2,464+2.0%Added
Handelsbanken Fonder AB126,845$30.0M0.12%−3,696−2.8%Reduced
Prudential Financial Inc126,523$30.0M0.04%−153,467−54.8%Reduced
Chevy Chase Trust Holdings, Inc.125,616$29.8M0.10%−317−0.3%Reduced
Keybank National Association123,678$29.3M0.12%−3,441−2.7%Reduced
Commonwealth Equity Services, LLC121,337$28.7M0.04%−4,743−3.8%Reduced
Colony Group, LLC115,417$27.3M0.07%+276+0.2%Added
Duff & Phelps Investment Management Co114,143$27.0M0.32%+12,006+11.8%Added
APG Asset Management N.V.123,000$27.0M0.08%−100−0.1%Reduced
Carnegie Capital Asset Management, LLC114,543$26.9M0.64%+105,683+1,192.8%Added
Fifth Third Bancorp112,539$26.7M0.10%−4,485−3.8%Reduced
Eisler Capital Management Ltd.110,297$26.1M0.78%+28,916+35.5%Added
Korea Investment CORP108,131$25.6M0.06%−31,750−22.7%Reduced
Captrust Financial Advisors107,499$25.5M0.06%+8,017+8.1%Added
Teacher Retirement System of Texas105,805$25.1M0.10%+68,709+185.2%Added
Calamos Advisors LLC105,517$25.0M0.12%+699+0.7%Added
Janney Montgomery Scott LLC105,319$24.9M0.07%−6,718−6.0%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH104,805$24.8M0.05%−13,428−11.4%Reduced
Treasurer of the State of North Carolina103,445$24.5M0.10%+4,040+4.1%Added
Royal London Asset Management Ltd103,140$24.4M0.06%+10,316+11.1%Added
Pictet Asset Management Holding SA100,435$23.8M0.03%−818−0.8%Reduced
Danske Bank A/S95,640$22.7M0.07%−12,884−11.9%Reduced
Waters Parkerson & Co., LLC94,064$22.3M1.19%−181−0.2%Reduced
Bank of Nova Scotia93,630$22.2M0.05%+60,353+181.4%Added
DekaBank Deutsche Girozentrale96,621$22.1M0.04%+17,316+21.8%Added
Public Employees Retirement System of Ohio92,951$22.0M0.08%−3,075−3.2%Reduced
Asset Management One Co.,Ltd.92,118$21.8M0.08%+5,722+6.6%Added
Nisa Investment Advisors, LLC91,861$21.8M0.11%+1,357+1.5%Added
CI Private Wealth, LLC88,573$21.0M0.03%−48,905−35.6%Reduced
Victory Capital Management Inc88,218$20.9M0.02%−270−0.3%Reduced
TD Asset Management Inc85,052$20.1M0.02%+390+0.5%Added
Taylor Financial Group, Inc.83,934$19.9M13.83%−79−0.1%Reduced
Comerica Bank82,813$19.6M0.08%−1,394−1.7%Reduced
Toronto Dominion Bank80,977$19.2M0.05%−27,151−25.1%Reduced
KLP Kapitalforvaltning AS78,113$18.5M0.09%+2,300+3.0%Added
State of Tennessee, Treasury Department78,005$18.5M0.07%−19,025−19.6%Reduced
State of New Jersey Common Pension Fund D76,313$18.1M0.08%−6,604−8.0%Reduced
Whittier Trust Co of Nevada Inc75,692$17.9M0.45%+1,359+1.8%Added
Kovitz Investment Group Partners, LLC73,036$17.3M0.09%+650+0.9%Added
Sequoia Financial Advisors, LLC72,690$17.2M0.13%−899−1.2%Reduced
DnB Asset Management AS72,533$17.2M0.08%−411−0.6%Reduced
Alyeska Investment Group, L.P.72,248$17.1M0.07%+72,248New
Lansforsakringar Fondforvaltning AB (publ)72,020$17.1M0.10%−1,857−2.5%Reduced
NorthCrest Asset Manangement, LLC71,645$17.0M0.51%+1,530+2.2%Added
Wealth Enhancement Advisory Services, LLC71,463$16.9M0.03%+2,782+4.1%Added
Nomura Asset Management Co Ltd71,244$16.9M0.05%+4,337+6.5%Added
Bartlett & Co. Wealth Management LLC70,893$16.8M0.25%−3,047−4.1%Reduced
Creative Planning70,708$16.7M0.02%−12,176−14.7%Reduced
Resona Asset Management Co.,Ltd.70,370$16.6M0.10%+5,313+8.2%Added
Credit Agricole S A69,617$16.5M0.06%+9,922+16.6%Added
Brown Advisory Inc69,186$16.4M0.02%−925−1.3%Reduced
Mariner, LLC68,773$16.3M0.03%+682+1.0%Added
Cetera Investment Advisers66,804$15.8M0.03%+9,818+17.2%Added
Arizona State Retirement System66,395$15.7M0.10%+1,506+2.3%Added
Richard C. Young & CO., LTD.65,753$15.6M1.67%−1,127−1.7%Reduced
Healthcare of Ontario Pension Plan Trust Fund63,100$14.9M0.03%+35,300+127.0%Added
Geneos Wealth Management Inc.61,517$14.6M0.49%−3,163−4.9%Reduced
State of Michigan Retirement System61,390$14.5M0.08%00.0%Unchanged
Skylands Capital, LLC61,285$14.5M2.10%−2,385−3.7%Reduced
MetLife Investment Management58,802$13.9M0.08%−1,074−1.8%Reduced
Lowe Brockenbrough & Co Inc58,203$13.8M0.91%−807−1.4%Reduced
STRS Ohio57,943$13.7M0.06%−222−0.4%Reduced
Kimelman & Baird, LLC56,880$13.5M1.14%00.0%Unchanged
Glenview Trust Co55,766$13.2M0.26%−8,575−13.3%Reduced
Tenere Capital LLC55,760$13.2M3.63%+8,564+18.1%Added
Hudson Bay Capital Management LP55,500$13.1M0.08%−42,419−43.3%Reduced
Davidson Investment Advisors54,976$13.0M0.64%−92−0.2%Reduced
Citadel Advisors LLC54,870$13.0M0.01%−23,717−30.2%Reduced
Bryn Mawr Trust Co54,089$12.8M0.24%−3,439−6.0%Reduced
IFM Investors Pty Ltd53,736$12.7M0.14%−9,782−15.4%Reduced
Van Eck Associates Corp53,326$12.6M0.02%+29,210+121.1%Added
Kanawha Capital Management LLC53,272$12.6M0.98%+64+0.1%Added
Zimmer Partners, LP53,100$12.6M0.26%−11,900−18.3%Reduced
Man Group plc53,081$12.6M0.04%+53,081New
Kames Capital plc52,782$12.5M0.18%−13,755−20.7%Reduced
Czech National Bank52,008$12.3M0.11%+2,954+6.0%Added
Ingalls & Snyder LLC51,986$12.3M0.41%+339+0.7%Added
Corebridge Financial, Inc.50,503$12.0M0.07%−1,495−2.9%Reduced
Alberta Investment Management Corp49,072$11.6M0.08%+5,100+11.6%Added
Zurcher Kantonalbank (Zurich Cantonalbank)48,960$11.6M0.03%+3,932+8.7%Added
Retirement Systems of Alabama48,658$11.5M0.04%−326−0.7%Reduced
Dillon & Associates Inc48,294$11.4M1.70%+1,831+3.9%Added
Rockefeller Capital Management L.P.48,177$11.4M0.03%+2,464+5.4%Added
UBS Oconnor LLC48,113$11.4M0.27%−3,547−6.9%Reduced
Sanctuary Advisors, LLC46,595$11.0M0.08%−1,117−2.3%Reduced
Pathstone Holdings, LLC46,070$10.9M0.05%+17,934+63.7%Added
Skandinaviska Enskilda Banken AB (publ)45,432$10.8M0.05%−422−0.9%Reduced
Two Sigma Investments, LP45,291$10.7M0.02%+19,915+78.5%Added