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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
Cerity Partners LLC177,451$45.4M0.08%−1,320−0.7%Reduced
SEI Investments Co176,313$45.1M0.05%−78,024−30.7%Reduced
Aviva PLC169,191$43.3M0.09%+41,163+32.2%Added
Junto Capital Management LP167,159$42.8M0.91%+167,159New
New York State Teachers Retirement System165,608$42.4M0.09%+529+0.3%Added
Berkshire Asset Management LLC158,170$40.5M1.84%+3,295+2.1%Added
Korea Investment CORP155,236$39.7M0.09%+47,105+43.6%Added
Capital International Investors152,950$39.1M0.01%+14,707+10.6%Added
Swedbank AB149,431$38.2M0.04%+149,431New
Geneos Wealth Management Inc.148,919$38.1M0.93%+87,402+142.1%Added
M&T Bank Corp143,827$36.8M0.13%−508−0.4%Reduced
Baird Financial Group, Inc.137,672$35.2M0.06%−698−0.5%Reduced
Neuberger Berman Group LLC136,674$35.0M0.03%−219,968−61.7%Reduced
Brandywine Global Investment Management, LLC136,464$34.9M0.25%+136,464New
Prudential Financial Inc134,090$34.3M0.04%+7,567+6.0%Added
Anchor Capital Advisors LLC130,335$33.4M0.98%−3,287−2.5%Reduced
Regions Financial Corp130,283$33.3M0.23%−2,219−1.7%Reduced
Macquarie Group Ltd129,775$33.2M0.04%−1,582−1.2%Reduced
Stifel Financial Corp129,068$33.0M0.03%−4,650−3.5%Reduced
AQR Capital Management LLC126,253$32.3M0.03%−39,239−23.7%Reduced
Commonwealth Equity Services, LLC126,022$32.3M0.04%+4,685+3.9%Added
Chevy Chase Trust Holdings, Inc.125,915$32.2M0.09%+299+0.2%Added
Toronto Dominion Bank123,189$31.5M0.07%+42,212+52.1%Added
Keybank National Association120,823$30.9M0.12%−2,855−2.3%Reduced
State of Wisconsin Investment Board120,789$30.9M0.08%−6,469−5.1%Reduced
Colony Group, LLC120,053$30.7M0.07%+4,636+4.0%Added
Handelsbanken Fonder AB118,862$30.4M0.11%−7,983−6.3%Reduced
Carnegie Capital Asset Management, LLC117,923$30.2M0.61%+3,380+3.0%Added
Natixis Advisors, L.P.117,583$30.1M0.05%−29,360−20.0%Reduced
Susquehanna International Group, LLP117,146$30.0M0.05%+90,142+333.8%Added
Teacher Retirement System of Texas116,795$29.9M0.13%+10,990+10.4%Added
Fifth Third Bancorp108,344$27.7M0.10%−4,195−3.7%Reduced
APG Asset Management N.V.125,300$27.3M0.08%+2,300+1.9%Added
Janney Montgomery Scott LLC105,809$27.1M0.07%+490+0.5%Added
Treasurer of the State of North Carolina105,497$27.0M0.09%+2,052+2.0%Added
Captrust Financial Advisors105,113$26.9M0.06%−2,386−2.2%Reduced
Allianz Asset Management GmbH101,710$26.0M0.03%−111,731−52.3%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH100,773$25.8M0.05%−4,032−3.8%Reduced
Royal London Asset Management Ltd100,726$25.8M0.06%−2,414−2.3%Reduced
Pictet Asset Management Holding SA100,318$25.7M0.03%−117−0.1%Reduced
Encompass Capital Advisors LLC99,956$25.6M1.03%+99,956New
State of Tennessee, Treasury Department97,059$24.8M0.09%+19,054+24.4%Added
Nisa Investment Advisors, LLC95,849$24.5M0.11%+3,988+4.3%Added
Asset Management One Co.,Ltd.94,563$24.2M0.08%+2,445+2.7%Added
Waters Parkerson & Co., LLC93,602$24.0M1.20%−462−0.5%Reduced
Walleye Capital LLC92,825$23.8M0.22%+92,612+43,479.8%Added
Public Employees Retirement System of Ohio92,112$23.6M0.08%−839−0.9%Reduced
Cullen Capital Management LLC92,087$23.6M0.27%+92,087New
Danske Bank A/S91,486$23.4M0.06%−4,154−4.3%Reduced
CI Private Wealth, LLC89,410$22.9M0.03%+837+0.9%Added
Victory Capital Management Inc87,630$22.4M0.01%−588−0.7%Reduced
Davidson Kempner Capital Management LP85,000$21.8M0.33%+85,000New
TD Asset Management Inc84,364$21.6M0.02%−688−0.8%Reduced
Taylor Financial Group, Inc.84,190$21.6M13.45%+256+0.3%Added
Acadian Asset Management LLC82,200$21.0M0.04%+82,200New
Comerica Bank81,111$20.8M0.08%−1,702−2.1%Reduced
Yaupon Capital Management LP80,851$20.7M1.37%+80,851New
DekaBank Deutsche Girozentrale79,305$20.3M0.04%−17,316−17.9%Reduced
KLP Kapitalforvaltning AS79,113$20.3M0.09%+1,000+1.3%Added
Whittier Trust Co of Nevada Inc77,702$19.9M0.45%+2,010+2.7%Added
State of New Jersey Common Pension Fund D76,178$19.5M0.08%−135−0.2%Reduced
Sequoia Financial Advisors, LLC76,057$19.5M0.13%+3,367+4.6%Added
Nomura Asset Management Co Ltd75,191$19.2M0.05%+3,947+5.5%Added
Resona Asset Management Co.,Ltd.74,167$19.0M0.09%+3,797+5.4%Added
NorthCrest Asset Manangement, LLC70,893$18.6M0.50%−752−1.0%Reduced
Alyeska Investment Group, L.P.72,248$18.5M0.07%00.0%Unchanged
DnB Asset Management AS72,035$18.4M0.08%−498−0.7%Reduced
Bartlett & Co. Wealth Management LLC70,902$18.1M0.25%+90.0%Added
Eisler Capital Management Ltd.70,790$18.1M0.62%−39,507−35.8%Reduced
Creative Planning70,690$18.1M0.02%−180.0%Reduced
Wealth Enhancement Advisory Services, LLC67,849$17.8M0.03%−3,614−5.1%Reduced
Lansforsakringar Fondforvaltning AB (publ)69,159$17.7M0.10%−2,861−4.0%Reduced
Brown Advisory Inc68,462$17.5M0.02%−724−1.0%Reduced
Squarepoint Ops LLC67,493$17.3M0.04%−111,044−62.2%Reduced
Quantinno Capital Management LP66,311$17.0M0.07%+28,705+76.3%Added
Arizona State Retirement System66,139$16.9M0.10%−256−0.4%Reduced
Mariner, LLC65,711$16.8M0.02%−3,062−4.5%Reduced
Cetera Investment Advisers64,239$16.4M0.03%−2,565−3.8%Reduced
Richard C. Young & CO., LTD.63,859$16.3M1.62%−1,894−2.9%Reduced
STRS Ohio61,805$15.8M0.06%+3,862+6.7%Added
State of Michigan Retirement System61,290$15.7M0.08%−100−0.2%Reduced
Lowe Brockenbrough & Co Inc60,881$15.6M0.88%+2,678+4.6%Added
Zimmer Partners, LP60,500$15.5M0.35%+7,400+13.9%Added
Van Eck Associates Corp57,863$14.8M0.02%+4,537+8.5%Added
J. Goldman & Co LP57,583$14.7M0.46%+57,583New
MetLife Investment Management57,450$14.7M0.09%−1,352−2.3%Reduced
Skylands Capital, LLC57,435$14.7M2.13%−3,850−6.3%Reduced
Kimelman & Baird, LLC56,880$14.6M1.19%00.0%Unchanged
Kovitz Investment Group Partners, LLC56,086$14.4M0.06%−16,950−23.2%Reduced
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund56,012$14.3M0.13%+48,850+682.1%Added
IFM Investors Pty Ltd55,908$14.3M0.14%+2,172+4.0%Added
Tenere Capital LLC55,760$14.3M3.66%00.0%Unchanged
Davidson Investment Advisors55,618$14.2M0.64%+642+1.2%Added
Czech National Bank55,106$14.1M0.11%+3,098+6.0%Added
Jefferies Financial Group Inc.54,253$13.9M0.23%+54,253New
Duff & Phelps Investment Management Co54,205$13.9M0.16%−59,938−52.5%Reduced
Kanawha Capital Management LLC52,455$13.4M1.00%−817−1.5%Reduced
Bryn Mawr Trust Co52,186$13.4M0.24%−1,903−3.5%Reduced
Rockefeller Capital Management L.P.51,343$13.1M0.03%+3,166+6.6%Added
Zurcher Kantonalbank (Zurich Cantonalbank)50,500$12.9M0.03%+1,540+3.1%Added