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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, Q2 2025

Institutional positions in Norfolk Southern Corp as of Jun 30, 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
1,693
+56 vs. Q1 2025
Shares held
176.2M
+2.31M (+1.3%) vs. Q1 2025
Total value
$45.1B
+$3.94B (+9.6%) vs. Q1 2025
New holders
157
534 more added
Sold out
101
617 more reduced

19 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 1,693 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 heldQ2 2025: $45.1B
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, Q2 2025

Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q1 2025.

Institutions holding NSC in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Russell Investments Group, Ltd.200,138$51.2M0.07%+8,922+4.7%Added
UBS Asset Management Americas Inc202,455$51.8M0.01%−1,093,005−84.4%Reduced
Zacks Investment Management204,160$52.3M0.45%+1,713+0.8%Added
Cohen & Steers, Inc.204,941$52.5M0.10%00.0%Unchanged
State Board of Administration of Florida Retirement System216,515$55.4M0.10%+2,640+1.2%Added
Reaves W H & Co Inc219,300$56.1M1.24%00.0%Unchanged
Marshall Wace, LLP223,474$57.2M0.07%−188,453−45.7%Reduced
Truist Financial Corp225,893$57.8M0.08%−11,508−4.8%Reduced
Schonfeld Strategic Advisors LLC235,917$60.4M0.46%+190,665+421.3%Added
Markel Group Inc.SuperinvestorMarkel Group236,500$60.5M0.51%+7,000+3.1%Added
Principal Financial Group Inc248,137$63.5M0.03%−3,849−1.5%Reduced
Canada Pension Plan Investment Board248,524$63.6M0.05%+42,481+20.6%Added
New York State Common Retirement Fund260,820$66.8M0.09%−3,000−1.1%Reduced
First Trust Advisors LP263,425$67.4M0.05%−3,638−1.4%Reduced
Cincinnati Insurance Co264,400$67.7M1.14%00.0%Unchanged
Manning & Napier Advisors LLC266,000$68.1M0.81%−13,022−4.7%Reduced
California State Teachers Retirement System271,689$69.5M0.08%−61,949−18.6%Reduced
LPL Financial LLC276,571$70.8M0.02%+2,631+1.0%Added
Point72 Asset Management, L.P.276,853$70.9M0.17%+276,853New
Clearstead Advisors, LLC278,577$71.3M1.00%−22,898−7.6%Reduced
HighTower Advisors, LLC279,801$71.6M0.09%−10,294−3.5%Reduced
Citigroup Inc287,471$73.6M0.05%+53,557+22.9%Added
Alliancebernstein L.P.289,302$74.1M0.02%−55,424−16.1%Reduced
Corvex Management LP297,431$76.1M3.22%00.0%Unchanged
Commonwealth of Pennsylvania Public School Empls Retrmt Sys344,363$88.1M0.47%+7,257+2.2%Added
National Bank of Canada358,479$91.8M0.10%+181,038+102.0%Added
California Public Employees Retirement System360,050$92.2M0.06%+23,818+7.1%Added
HSBC Holdings PLC360,758$92.3M0.06%−53,961−13.0%Reduced
The PNC Financial Services Group, Inc.375,467$96.1M0.06%−7,305−1.9%Reduced
Magellan Asset Management Ltd398,267$101.9M1.17%−60,053−13.1%Reduced
Public Employees Retirement Association of Colorado422,525$108.2M0.42%−816−0.2%Reduced
BNP Paribas Arbitrage, SA425,727$109.0M0.08%−22,246−5.0%Reduced
Rhumbline Advisers432,106$110.6M0.09%−3,359−0.8%Reduced
Millennium Management LLC436,226$111.7M0.10%+407,134+1,399.5%Added
Envestnet Asset Management Inc446,127$114.2M0.03%−10,425−2.3%Reduced
Raymond James Financial Inc451,863$115.7M0.04%−10,469−2.3%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.467,780$119.7M0.10%+35,209+8.1%Added
Assenagon Asset Management S.A.493,378$126.3M0.20%+206,560+72.0%Added
Ameriprise Financial Inc503,849$129.0M0.03%−14,121−2.7%Reduced
Nuveen, LLC513,213$131.4M0.04%−2,963−0.6%Reduced
Franklin Resources Inc528,482$135.3M0.04%−19,614−3.6%Reduced
Standard Life Aberdeen plc529,726$135.6M0.23%+31,878+6.4%Added
D. E. Shaw & Co., Inc.537,686$137.6M0.14%+537,686New
Davenport & Co LLC543,223$139.0M0.77%+3,547+0.7%Added
Sumitomo Mitsui Trust Holdings, Inc.546,174$139.8M0.09%+4,754+0.9%Added
National Pension Service569,172$145.7M0.13%+7,681+1.4%Added
Phoenix Holdings Ltd.580,349$148.6M1.96%+115,066+24.7%Added
Cincinnati Financial Corp587,687$150.4M3.19%00.0%Unchanged
Cbre Clarion Securities LLC609,792$156.1M2.37%−6,592−1.1%Reduced
Massachusetts Financial Services Co630,862$161.5M0.05%+30,065+5.0%Added
Barclays PLC657,433$168.3M0.07%+267,084+68.4%Added
Swiss National Bank684,700$175.3M0.10%+46,600+7.3%Added
Adage Capital Partners GP, L.L.C.696,125$178.2M0.30%−93,825−11.9%Reduced
TOMS Capital Investment Management LP711,000$182.0M13.49%+711,000New
Amundi715,442$187.4M0.06%+57,026+8.7%Added
Royal Bank of Canada753,558$192.9M0.04%+213,466+39.5%Added
Interval Partners, LP778,920$199.4M4.55%+778,920New
Hotchkis & Wiley Capital Management LLC818,623$209.5M0.68%−5,100−0.6%Reduced
Mitsubishi UFJ Trust & Banking Corp951,361$243.5M0.56%+148,221+18.5%Added
Holocene Advisors, LP983,366$251.7M0.62%+832,210+550.6%Added
Arrowstreet Capital, Limited Partnership1,024,079$262.1M0.19%+242,081+31.0%Added
Primecap Management Co1,050,083$268.8M0.21%+345,163+49.0%Added
Fisher Asset Management, LLC1,054,580$269.9M0.11%+72,097+7.3%Added
UBS Group AG1,111,496$284.5M0.06%+89,395+8.7%Added
Mirae Asset Global ETFs Holdings Ltd.1,117,655$286.1M0.55%−57,571−4.9%Reduced
Ancora Advisors, LLC1,144,140$292.9M6.10%+180,640+18.7%Added
FIL Ltd1,193,437$305.5M0.26%+4,145+0.3%Added
Wells Fargo & Company1,201,735$307.6M0.07%+12,452+1.0%Added
Deutsche Bank AG1,436,378$367.7M0.14%+394,473+37.9%Added
Charles Schwab Investment Management Inc1,437,307$367.9M0.06%+6,317+0.4%Added
Capital World Investors1,633,924$418.2M0.06%+2,759+0.2%Added
Legal & General Group Plc1,667,323$426.8M0.11%−80,901−4.6%Reduced
Bank of New York Mellon Corp1,715,613$439.1M0.08%−88,294−4.9%Reduced
Invesco Ltd.1,793,623$459.1M0.08%−138,296−7.2%Reduced
London Co of Virginia1,844,928$472.3M2.67%+250,055+15.7%Added
Goldman Sachs Group Inc2,035,410$521.0M0.08%+448,919+28.3%Added
Dimensional Fund Advisors LP2,060,913$527.5M0.12%+16,763+0.8%Added
Morgan Stanley2,387,776$611.2M0.04%−47,645−2.0%Reduced
Norges Bank2,395,809$613.3M0.08%+27,370+1.2%Added
Northern Trust Corp2,756,637$705.6M0.10%−226,983−7.6%Reduced
American Century Companies Inc3,005,786$769.4M0.42%−122,316−3.9%Reduced
Bank of America Corp3,066,417$784.9M0.06%+217,378+7.6%Added
Lazard Asset Management LLC3,289,431$842.0M1.16%+201,861+6.5%Added
Boston Partners3,758,747$964.5M1.07%−400,323−9.6%Reduced
FMR LLC3,950,147$1.01B0.06%−135,654−3.3%Reduced
EdgePoint Investment Group Inc.4,182,921$1.07B8.10%+184,586+4.6%Added
Geode Capital Management, LLC4,822,075$1.23B0.09%+36,362+0.8%Added
JPMorgan Chase & Co5,680,808$1.45B0.10%−1,797,316−24.0%Reduced
State Street Corp9,382,075$2.40B0.09%−77,807−0.8%Reduced
Dodge & Cox10,859,121$2.78B1.56%+192,567+1.8%Added
Price T Rowe Associates Inc10,941,663$2.80B0.32%−377,347−3.3%Reduced
BlackRock, Inc.14,670,376$3.76B0.07%−579,631−3.8%Reduced
Vanguard Group Inc20,561,273$5.26B0.09%+239,914+1.2%Added
Cornerstone Investment Partners, LLC0$00.00%−180,110−100.0%Sold out
Danica Pension, Livsforsikringsaktieselskab0$00.00%−145,262−100.0%Sold out
Man Group plc0$00.00%−53,081−100.0%Sold out
Kames Capital plc0$00.00%−52,782−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−50,503−100.0%Sold out
Alberta Investment Management Corp0$00.00%−49,072−100.0%Sold out
Capital Fund Management S.A.0$00.00%−43,456−100.0%Sold out