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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
Sanctuary Advisors, LLC49,368$12.6M0.08%+2,773+6.0%Added
Advisor Group Holdings, Inc.49,162$12.5M0.02%+7,957+19.3%Added
Ossiam48,593$12.4M0.14%+48,068+9,155.8%Added
Retirement Systems of Alabama48,376$12.4M0.04%−282−0.6%Reduced
Dillon & Associates Inc48,313$12.4M1.68%+190.0%Added
Verition Fund Management LLC47,339$12.1M0.07%+34,229+261.1%Added
Skandinaviska Enskilda Banken AB (publ)45,432$11.6M0.05%00.0%Unchanged
Voya Investment Management LLC45,154$11.6M0.01%+250+0.6%Added
Glenview Trust Co45,142$11.6M0.20%−10,624−19.1%Reduced
Ingalls & Snyder LLC44,396$11.4M0.40%−7,590−14.6%Reduced
Forsta Ap-Fonden44,200$11.3M0.07%+1,300+3.0%Added
Amalgamated Bank44,061$11.3M0.09%+210+0.5%Added
M. Kraus & Co43,628$11.2M3.28%−353−0.8%Reduced
Varma Mutual Pension Insurance Co43,610$11.2M0.08%+1,100+2.6%Added
Wiley Bros.-Aintree Capital, LLC43,582$11.1M0.09%−2,264−4.9%Reduced
South Dakota Investment Council42,692$10.9M0.21%00.0%Unchanged
ProShare Advisors LLC42,554$10.9M0.02%+3,944+10.2%Added
Glenmede Investment Management, LP42,242$10.8M0.05%+42,242New
Neville Rodie & Shaw Inc42,219$10.8M0.80%−1,446−3.3%Reduced
CIBC Private Wealth Group, LLC42,190$10.8M0.02%−67−0.2%Reduced
Blair William & Co41,999$10.8M0.03%+1,006+2.5%Added
SCS Capital Management LLC41,794$10.7M0.12%+29,771+247.6%Added
USS Investment Management Ltd41,303$10.6M0.07%00.0%Unchanged
Mercer Global Advisors Inc41,041$10.5M0.02%+765+1.9%Added
Linscomb & Williams, Inc.41,020$10.5M0.48%+843+2.1%Added
Cambridge Investment Research Advisors, Inc.40,591$10.4M0.03%−542−1.3%Reduced
MUFG Securities EMEA plc39,667$10.2M0.46%+667+1.7%Added
Heritage Investors Management Corp39,277$10.1M0.32%−443−1.1%Reduced
SummitTX Capital, L.P.39,133$10.0M0.44%+39,133New
Sculptor Capital LP39,000$9.98M0.16%+39,000New
Trajan Wealth LLC38,710$9.91M0.48%+1,217+3.2%Added
BTC Capital Management, Inc.38,349$9.77M0.80%+354+0.9%Added
Utah Retirement Systems37,287$9.54M0.10%−225−0.6%Reduced
MML Investors Services, LLC37,120$9.50M0.03%+472+1.3%Added
CIBC Asset Management Inc36,924$9.45M0.03%−3,262−8.1%Reduced
W.G. Shaheen & Associates DBA Whitney & Co36,644$9.38M0.93%+42+0.1%Added
Commerce Bank36,598$9.37M0.06%−435−1.2%Reduced
Ilmarinen Mutual Pension Insurance Co36,500$9.34M0.08%00.0%Unchanged
Hudson Bay Capital Management LP36,390$9.31M0.06%−19,110−34.4%Reduced
Cresset Asset Management, LLC35,896$9.19M0.05%−1,367−3.7%Reduced
Saybrook Capital35,798$9.16M2.59%−964−2.6%Reduced
Aventail Capital Group, LP35,705$9.14M0.41%+35,705New
British Columbia Investment Management Corp35,598$9.11M0.05%−7,668−17.7%Reduced
Cohen Klingenstein LLC35,500$9.09M0.30%00.0%Unchanged
CIBC World Markets Inc.34,973$8.95M0.02%−166−0.5%Reduced
Baker Avenue Asset Management, LP34,371$8.80M0.25%−70.0%Reduced
Tufton Capital Management34,292$8.78M1.67%−877−2.5%Reduced
Police & Firemen's Retirement System of New Jersey34,273$8.77M0.08%+1,435+4.4%Added
Daiwa Securities Group Inc.33,957$8.69M0.03%+1,718+5.3%Added
Baker Chad R33,906$8.68M1.61%00.0%Unchanged
Ausbil Investment Management Ltd33,764$8.64M5.07%+13,825+69.3%Added
Lafayette Investments, Inc.33,519$8.58M1.73%−219−0.6%Reduced
Xponance, Inc.33,082$8.47M0.07%+1,122+3.5%Added
Eliot Finkel Investment Counsel, LLC32,510$8.32M5.36%−500−1.5%Reduced
National Mutual Insurance Federation of Agricultural Cooperatives32,400$8.29M0.07%00.0%Unchanged
Yousif Capital Management, LLC32,237$8.25M0.09%−380−1.2%Reduced
Earnest Partners LLC32,000$8.19M0.04%−2,139−6.3%Reduced
Brinker Capital Investments, LLC31,690$8.11M0.07%+4,482+16.5%Added
Trust Co of Vermont31,018$7.94M0.37%−184−0.6%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd30,942$7.92M0.07%+313+1.0%Added
Johnson Investment Counsel Inc30,803$7.88M0.07%+842+2.8%Added
New York Life Investment Management LLC30,642$7.84M0.07%+377+1.2%Added
Walleye Trading LLC30,629$7.84M0.19%+20,450+200.9%Added
JustInvest LLC30,443$7.79M0.09%+7,293+31.5%Added
Trust Co of Toledo NA30,338$7.77M0.86%−790−2.5%Reduced
BFSG, LLC30,243$7.74M0.87%−84−0.3%Reduced
Running Oak Capital LLC29,894$7.65M0.85%+1,258+4.4%Added
Scopus Asset Management, L.P.29,540$7.56M0.20%+29,540New
Klingenstein Fields & Co LP29,469$7.54M0.30%−1,516−4.9%Reduced
Northwestern Mutual Wealth Management Co29,449$7.54M0.01%+1,473+5.3%Added
Synovus Financial Corp29,309$7.50M0.09%−736−2.4%Reduced
Moors & Cabot, Inc.29,277$7.49M0.35%−731−2.4%Reduced
O'Shaughnessy Asset Management, LLC28,890$7.39M0.05%+5,945+25.9%Added
CIBC World Markets Corp28,404$7.27M0.05%+1,101+4.0%Added
Capital Investment Advisors, LLC28,268$7.24M0.13%−581−2.0%Reduced
Janus Henderson Group PLC28,191$7.21M0.00%−1,020−3.5%Reduced
Nissay Asset Management Corp28,041$7.18M0.04%+35+0.1%Added
Wellington Management Group LLP27,968$7.16M0.00%+377+1.4%Added
Pathstone Holdings, LLC27,657$7.08M0.03%−18,413−40.0%Reduced
Swiss Life Asset Management Ltd27,521$7.04M0.04%+972+3.7%Added
1st Source Bank27,511$7.04M0.39%−383−1.4%Reduced
Capital Group Private Client Services, Inc.27,191$6.96M0.06%−2,329−7.9%Reduced
Farmers National Bank27,088$6.93M1.83%+152+0.6%Added
Redmond Asset Management, LLC26,664$6.83M1.63%−743−2.7%Reduced
Pettyjohn, Wood & White, Inc26,536$6.79M1.21%+65+0.2%Added
Ensign Peak Advisors, Inc26,527$6.79M0.01%−4,852−15.5%Reduced
Gateway Investment Advisers LLC26,471$6.78M0.07%−31−0.1%Reduced
Kornitzer Capital Management Inc26,405$6.76M0.14%+15+0.1%Added
Investment House LLC26,393$6.76M0.34%−200−0.8%Reduced
Uncommon Cents Investing LLC25,948$6.64M1.78%−19−0.1%Reduced
Mutual of America Capital Management LLC25,860$6.62M0.07%−475−1.8%Reduced
Atlantic Union Bankshares Corp25,632$6.56M0.15%+16,110+169.2%Added
Callan Family Office, LLC25,546$6.54M0.21%+16,951+197.2%Added
Mirae Asset Global Investments Co., Ltd.25,506$6.53M0.02%+2,331+10.1%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.25,471$6.52M0.02%+2,667+11.7%Added
State of Alaska, Department of Revenue25,319$6.48M0.07%−1,200−4.5%Reduced
Guggenheim Capital LLC25,159$6.44M0.05%−547−2.1%Reduced
Cornerstone Advisors, LLC25,000$6.40M0.22%+6,700+36.6%Added
Portland Global Advisors LLC24,397$6.24M0.74%−334−1.4%Reduced
Vestmark Advisory Solutions, Inc.24,320$6.23M0.09%−5,494−18.4%Reduced