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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
Jag Capital Management, LLC1,260$322.4K0.04%+360+40.0%Added
Schwarz Dygos Wheeler Investment Advisors LLC1,261$322.8K0.07%00.0%Unchanged
Shepherd Financial Partners LLC1,261$322.8K0.03%00.0%Unchanged
Gries Financial LLC1,266$324.1K0.06%−71−5.3%Reduced
Ellis Investment Partners, LLC1,266$324.2K0.06%−18−1.4%Reduced
Bordeaux Wealth Advisors LLC1,267$324.3K0.04%−11−0.9%Reduced
Boston Private Wealth LLC1,276$326.6K0.02%+1,276New
Sivia Capital Partners, LLC1,278$327.1K0.11%+1,278New
WealthPLAN Partners, LLC1,287$329.4K0.05%00.0%Unchanged
Terry L. Blaker1,293$331.0K0.01%00.0%Unchanged
Smith Chas P & Associates Pa Cpas1,297$332.0K0.02%00.0%Unchanged
Lyell Wealth Management, LP1,300$332.8K0.03%00.0%Unchanged
O'Brien Greene & Co. Inc1,301$333.0K0.11%00.0%Unchanged
Campion Asset Management LLC1,312$335.8K0.25%−3−0.2%Reduced
Baldwin Brothers Inc1,328$339.9K0.02%−128−8.8%Reduced
Bill Few Associates, Inc.1,333$341.2K0.10%+108+8.8%Added
Capital Advisors Inc1,333$341.2K0.01%−112−7.8%Reduced
Atom Investors LP1,343$343.8K0.03%+1,343New
Foster Group, Inc.1,344$344.0K0.01%+1,344New
South Street Advisors LLC1,350$345.6K0.05%00.0%Unchanged
Fagan Associates, Inc.1,350$345.6K0.05%00.0%Unchanged
Sterling Capital Management LLC1,351$345.8K0.00%+80+6.3%Added
Farmers & Merchants Trust Co of Chambersburg PA1,350$346.0K0.11%00.0%Unchanged
Woodard & Co Asset Management Group Inc1,354$346.6K0.06%00.0%Unchanged
Slagle Financial, LLC1,359$347.8K0.14%00.0%Unchanged
Schwartz Investment Counsel Inc1,359$347.9K0.01%00.0%Unchanged
Cozad Asset Management Inc1,365$349.4K0.03%+200+17.2%Added
TCG Advisory Services, LLC1,373$351.5K0.01%+313+29.5%Added
Greatmark Investment Partners, Inc.1,375$352.0K0.04%00.0%Unchanged
Nixon Peabody Trust Co1,375$352.0K0.03%+131+10.5%Added
Pine Haven Investment Counsel, Inc1,376$352.3K0.28%00.0%Unchanged
Ameritas Advisory Services, LLC1,378$352.7K0.02%−1,207−46.7%Reduced
Doliver Advisors, LP1,379$353.0K0.10%−25−1.8%Reduced
Beacon Investment Advisory Services, Inc.1,379$353.0K0.02%00.0%Unchanged
Walker Asset Management, LLC1,382$353.8K0.20%+2+0.1%Added
Steigerwald, Gordon & Koch Inc.1,387$355.2K0.04%−80−5.5%Reduced
Raleigh Capital Management Inc.1,395$357.0K0.15%+25+1.8%Added
One Charles Private Wealth Services, LLC1,398$357.8K0.10%+1+0.1%Added
Sky-Mountain Capital Management, Inc.1,278$358.4K0.24%00.0%Unchanged
Hardin Capital Partners, LLC1,372$360.0K0.21%00.0%Unchanged
Pinnacle Wealth Management Advisory Group, LLC1,408$360.4K0.03%−49−3.4%Reduced
Hazlett, Burt & Watson, Inc.1,406$361.0K0.15%+152+12.1%Added
Indiana Trust & Investment Management CO1,412$361.4K0.12%00.0%Unchanged
Vivaldi Capital Management, LLC1,418$363.0K0.05%−62−4.2%Reduced
AlphaStar Capital Management, LLC1,418$363.0K0.03%+1,418New
Southeast Asset Advisors Inc.1,418$363.0K0.04%+1+0.1%Added
Financial Advisory Service, Inc.1,420$363.4K0.03%+39+2.8%Added
Hall Capital Management Co Inc1,426$365.0K0.15%−15−1.0%Reduced
Canandaigua National Trust Co of Florida1,435$367.3K0.26%+479+50.1%Added
Davis Investment Partners, LLC1,405$368.7K0.13%−108−7.1%Reduced
Pavion Blue Capital, LLC1,444$369.6K0.16%00.0%Unchanged
LexAurum Advisors, LLC1,453$372.0K0.06%+46+3.3%Added
Hickory Asset Management, Inc.1,461$373.9K0.31%+8+0.6%Added
Spire Wealth Management1,464$374.6K0.01%−5,561−79.2%Reduced
Bell Bank1,465$375.0K0.02%00.0%Unchanged
SPC Financial, Inc.1,466$375.3K0.03%−100−6.4%Reduced
Gables Capital Management Inc.1,466$375.3K0.18%+38+2.7%Added
Stony Point Wealth Management Inc.1,468$375.9K0.16%−5−0.3%Reduced
Chicago Capital, LLC1,471$376.5K0.01%00.0%Unchanged
American State Bank (Iowa)1,475$377.6K0.21%−23−1.5%Reduced
Everett Harris & Co1,476$377.8K0.00%+224+17.9%Added
Dudley Capital Management, LLC1,477$378.1K0.19%−178−10.8%Reduced
KCM Investment Advisors LLC1,489$381.1K0.01%+1+0.1%Added
Courier Capital LLC1,489$381.1K0.02%+319+27.3%Added
Bank of New Hampshire1,490$381.4K0.09%00.0%Unchanged
Birch Financial Group, LLC1,491$381.6K0.31%−16−1.1%Reduced
Aspire Private Capital, LLC1,494$382.3K0.09%+21+1.4%Added
Blue Edge Capital, LLC1,500$384.0K0.06%−264−15.0%Reduced
Hudson Valley Investment Advisors Inc1,500$384.0K0.04%00.0%Unchanged
Fire Capital Management LLC1,500$384.0K0.24%00.0%Unchanged
Arete Wealth Advisors, LLC1,499$384.0K0.03%+216+16.8%Added
Regatta Capital Group, LLC1,503$384.7K0.07%00.0%Unchanged
Pioneer Wealth Management Group1,503$384.7K0.14%+1,503New
Opal Wealth Advisors, LLC1,504$385.0K0.11%00.0%Unchanged
CWA Asset Management Group, LLC1,506$385.5K0.02%+227+17.7%Added
Rockland Trust Co1,507$385.7K0.02%−319−17.5%Reduced
D'Orazio & Associates, Inc.1,518$388.5K0.05%−3−0.2%Reduced
Frank, Rimerman Advisors LLC1,519$388.8K0.03%−1,951−56.2%Reduced
Cannon Wealth Management Services, LLC1,519$388.8K0.32%00.0%Unchanged
Fulcrum Asset Management LLP1,520$389.1K0.11%+1,520New
Interchange Capital Partners, LLC1,525$390.4K0.09%+25+1.7%Added
Groupe la Francaise1,530$391.3K0.01%+1,530New
Security National Bank of So Dak1,533$392.4K0.21%00.0%Unchanged
Oliver Luxxe Assets LLC1,536$393.2K0.07%00.0%Unchanged
Howard Capital Management Group, LLC1,536$393.2K0.03%00.0%Unchanged
Birch Hill Investment Advisors LLC1,537$393.4K0.02%00.0%Unchanged
Medallion Wealth Advisors, LLC1,500$393.6K0.15%+1,500New
Twinbeech Capital LP1,546$395.7K0.01%+1,546New
Alps Advisors Inc1,549$396.5K0.00%+19+1.2%Added
EverSource Wealth Advisors, LLC1,550$396.9K0.02%+199+14.7%Added
Hanson & Doremus Investment Management1,567$401.0K0.05%−2,374−60.2%Reduced
MONECO Advisors, LLC1,572$402.3K0.04%+3+0.2%Added
Chapin Davis, Inc.1,573$402.6K0.11%+310+24.5%Added
Villere St Denis J & Co LLC1,575$403.2K0.04%00.0%Unchanged
Clarius Group, LLC1,585$405.7K0.02%−186−10.5%Reduced
Hartford Financial Management Inc.1,587$406.2K0.11%−15,000−90.4%Reduced
Allen Investment Management LLC1,589$406.7K0.00%00.0%Unchanged
David J Yvars Group1,590$407.0K0.24%00.0%Unchanged
BCK Partners, Inc.1,590$407.0K0.24%00.0%Unchanged
B&L Asset Management LLC1,590$407.0K0.23%00.0%Unchanged