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, Q3 2025
Institutional positions in Norfolk Southern Corp as of Sep 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
- 1,801
- +138 vs. Q2 2025
- Shares held
- 169.2M
- −4.58M (−2.6%) vs. Q2 2025
- Total value
- $50.8B
- +$6.32B (+14.2%) vs. Q2 2025
- New holders
- 238
- 520 more added
- Sold out
- 100
- 614 more reduced
30 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1,869 | $53.6B |
| Q1 2026 | 1,841 | $48.2B |
| Q4 2025 | 1,852 | $49.8B |
| Q3 2025 | 1,801 | $50.8B |
| Q2 2025 | 1,693 | $45.1B |
| Q1 2025 | 1,656 | $41.2B |
| Q4 2024 | 1,686 | $41.0B |
| Q3 2024 | 1,612 | $42.4B |
| Q2 2024 | 1,565 | $36.7B |
| Q1 2024 | 1,628 | $43.1B |
| Q4 2023 | 1,585 | $40.1B |
| Q3 2023 | 1,444 | $33.1B |
| Q2 2023 | 1,529 | $37.9B |
| Q1 2023 | 1,500 | $35.4B |
| Q4 2022 | 1,590 | $41.8B |
| Q3 2022 | 1,501 | $36.1B |
| Q2 2022 | 1,543 | $39.6B |
| Q1 2022 | 1,646 | $50.2B |
| Q4 2021 | 1,644 | $52.7B |
| Q3 2021 | 1,494 | $42.6B |
| Q2 2021 | 1,546 | $48.1B |
| Q1 2021 | 1,514 | $49.7B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 20,553,186 | $6.17B | 0.09% | −8,0870.0% | Reduced |
| BlackRock, Inc. | 14,952,286 | $4.49B | 0.08% | +281,910+1.9% | Added |
| Dodge & Cox | 10,874,249 | $3.27B | 1.76% | +15,128+0.1% | Added |
| State Street Corp | 9,330,730 | $2.80B | 0.10% | −51,345−0.5% | Reduced |
| JPMorgan Chase & Co | 4,866,907 | $1.46B | 0.09% | −813,901−14.3% | Reduced |
| Geode Capital Management, LLC | 4,841,824 | $1.45B | 0.09% | +19,749+0.4% | Added |
| Price T Rowe Associates Inc | 3,840,146 | $1.15B | 0.12% | −7,101,517−64.9% | Reduced |
| Bank of America Corp | 3,287,998 | $987.7M | 0.07% | +221,581+7.2% | Added |
| FMR LLC | 3,212,031 | $964.9M | 0.05% | −738,116−18.7% | Reduced |
| Pentwater Capital Management LP | 2,750,000 | $826.1M | 7.42% | +2,750,000 | New |
| Northern Trust Corp | 2,744,672 | $824.5M | 0.11% | −11,965−0.4% | Reduced |
| Millennium Management LLC | 2,644,515 | $794.4M | 0.63% | +2,208,289+506.2% | Added |
| Morgan Stanley | 2,481,789 | $745.6M | 0.05% | +94,013+3.9% | Added |
| Dimensional Fund Advisors LP | 2,179,610 | $654.8M | 0.14% | +118,697+5.8% | Added |
| American Century Companies Inc | 2,154,815 | $647.3M | 0.33% | −850,971−28.3% | Reduced |
| UBS Group AG | 2,072,337 | $622.6M | 0.12% | +960,841+86.4% | Added |
| Goldman Sachs Group Inc | 2,046,448 | $614.8M | 0.09% | +11,038+0.5% | Added |
| Citadel Advisors LLC | 1,973,277 | $592.8M | 0.48% | +1,962,390+18,025.1% | Added |
| London Co of Virginia | 1,805,124 | $542.3M | 2.99% | −39,804−2.2% | Reduced |
| Legal & General Group Plc | 1,744,074 | $523.9M | 0.12% | +76,751+4.6% | Added |
| Invesco Ltd. | 1,723,196 | $517.7M | 0.08% | −70,427−3.9% | Reduced |
| Third Point LLCSuperinvestorThird Point | 1,650,000 | $495.7M | 5.91% | +1,650,000 | New |
| Bank of New York Mellon Corp | 1,647,781 | $495.0M | 0.09% | −67,832−4.0% | Reduced |
| Capital World Investors | 1,638,009 | $492.1M | 0.07% | +4,085+0.3% | Added |
| Charles Schwab Investment Management Inc | 1,436,170 | $431.4M | 0.07% | −1,137−0.1% | Reduced |
| UBS Asset Management Americas Inc | 1,306,203 | $392.4M | 0.09% | +1,103,748+545.2% | Added |
| Royal Bank of Canada | 1,282,353 | $385.2M | 0.07% | +528,795+70.2% | Added |
| HBK Investments L P | 1,270,000 | $381.5M | 5.62% | +1,270,000 | New |
| Arrowstreet Capital, Limited Partnership | 1,252,565 | $376.3M | 0.24% | +228,486+22.3% | Added |
| Fisher Asset Management, LLC | 1,133,629 | $340.6M | 0.12% | +79,049+7.5% | Added |
| Primecap Management Co | 1,132,583 | $340.2M | 0.26% | +82,500+7.9% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 1,132,501 | $340.2M | 0.54% | +14,846+1.3% | Added |
| Wells Fargo & Company | 1,108,521 | $333.0M | 0.07% | −93,214−7.8% | Reduced |
| Balyasny Asset Management LLC | 1,097,264 | $329.6M | 0.66% | +1,097,264 | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 1,061,989 | $319.0M | 0.29% | +1,053,014+11,732.7% | Added |
| Amundi | 1,022,230 | $306.3M | 0.10% | +306,788+42.9% | Added |
| Assenagon Asset Management S.A. | 952,544 | $286.2M | 0.42% | +459,166+93.1% | Added |
| FIL Ltd | 932,603 | $280.2M | 0.22% | −260,834−21.9% | Reduced |
| Ancora Advisors, LLC | 830,288 | $249.4M | 5.00% | −313,852−27.4% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 764,463 | $229.7M | 0.71% | −54,160−6.6% | Reduced |
| Deutsche Bank AG | 750,277 | $225.4M | 0.08% | −686,101−47.8% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 732,975 | $220.2M | 0.48% | −218,386−23.0% | Reduced |
| Cohen & Steers, Inc. | 719,889 | $216.3M | 0.39% | +514,948+251.3% | Added |
| Swiss National Bank | 649,900 | $195.2M | 0.11% | −34,800−5.1% | Reduced |
| Farallon Capital Management, L.L.C. | 615,000 | $184.8M | 1.04% | +615,000 | New |
| Cincinnati Financial Corp | 587,687 | $176.5M | 3.49% | 00.0% | Unchanged |
| National Pension Service | 581,261 | $174.6M | 0.14% | +12,089+2.1% | Added |
| Neuberger Berman Group LLC | 569,124 | $171.0M | 0.12% | +432,450+316.4% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 549,028 | $164.9M | 0.09% | +2,854+0.5% | Added |
| Nuveen, LLC | 537,968 | $161.6M | 0.04% | +24,755+4.8% | Added |
| Adage Capital Partners GP, L.L.C. | 522,857 | $157.1M | 0.25% | −173,268−24.9% | Reduced |
| Sculptor Capital LP | 508,000 | $152.6M | 2.10% | +469,000+1,202.6% | Added |
| Alpine Associates Management Inc. | 502,610 | $151.0M | 9.20% | +502,610 | New |
| Alliancebernstein L.P. | 490,103 | $147.2M | 0.05% | +200,801+69.4% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 486,162 | $146.0M | 0.11% | +18,382+3.9% | Added |
| D. E. Shaw & Co., Inc. | 452,788 | $136.0M | 0.11% | −84,898−15.8% | Reduced |
| Standard Life Aberdeen plc | 447,556 | $134.1M | 0.21% | −82,170−15.5% | Reduced |
| Davenport & Co LLC | 445,923 | $133.9M | 0.72% | −97,300−17.9% | Reduced |
| Rhumbline Advisers | 437,783 | $131.5M | 0.11% | +5,677+1.3% | Added |
| Verition Fund Management LLC | 407,313 | $122.4M | 0.70% | +359,974+760.4% | Added |
| Ameriprise Financial Inc | 406,145 | $122.0M | 0.03% | −97,704−19.4% | Reduced |
| Barclays PLC | 389,617 | $117.0M | 0.04% | −267,816−40.7% | Reduced |
| California Public Employees Retirement System | 387,490 | $116.4M | 0.07% | +27,440+7.6% | Added |
| Envestnet Asset Management Inc | 386,090 | $116.0M | 0.03% | −60,037−13.5% | Reduced |
| Raymond James Financial Inc | 374,615 | $112.5M | 0.04% | −77,248−17.1% | Reduced |
| The PNC Financial Services Group, Inc. | 369,996 | $111.2M | 0.07% | −5,471−1.5% | Reduced |
| HSBC Holdings PLC | 364,236 | $109.3M | 0.06% | +3,478+1.0% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 362,167 | $108.8M | 0.55% | +17,804+5.2% | Added |
| Franklin Resources Inc | 359,033 | $107.9M | 0.03% | −169,449−32.1% | Reduced |
| Magnetar Financial LLC | 358,330 | $107.6M | 0.65% | +358,330 | New |
| California State Teachers Retirement System | 335,705 | $100.8M | 0.10% | +64,016+23.6% | Added |
| Omni Event Management Ltd | 328,963 | $98.8M | 11.42% | +328,963 | New |
| Canada Pension Plan Investment Board | 320,082 | $96.2M | 0.07% | +71,558+28.8% | Added |
| Bank of Montreal | 313,834 | $94.3M | 0.04% | +132,296+72.9% | Added |
| Laurion Capital Management LP | 301,699 | $90.6M | 12.36% | +301,699 | New |
| Squarepoint Ops LLC | 295,767 | $88.9M | 0.19% | +228,274+338.2% | Added |
| HighTower Advisors, LLC | 280,653 | $84.3M | 0.10% | +852+0.3% | Added |
| Clearstead Advisors, LLC | 279,130 | $83.9M | 1.22% | +553+0.2% | Added |
| LPL Financial LLC | 275,070 | $82.6M | 0.02% | −1,501−0.5% | Reduced |
| Public Employees Retirement Association of Colorado | 272,365 | $81.8M | 0.30% | −150,160−35.5% | Reduced |
| Tudor Investment Corp Et Al | 267,694 | $80.4M | 0.52% | +267,694 | New |
| Cincinnati Insurance Co | 264,400 | $79.4M | 1.23% | 00.0% | Unchanged |
| Citigroup Inc | 260,497 | $78.3M | 0.05% | −26,974−9.4% | Reduced |
| Markel Group Inc.SuperinvestorMarkel Group | 256,500 | $77.1M | 0.63% | +20,000+8.5% | Added |
| Magellan Asset Management Ltd | 252,848 | $76.0M | 0.90% | −145,419−36.5% | Reduced |
| Principal Financial Group Inc | 250,186 | $75.2M | 0.04% | +2,049+0.8% | Added |
| New York State Common Retirement Fund | 245,020 | $73.6M | 0.10% | −15,800−6.1% | Reduced |
| Jane Street Group, LLC | 240,037 | $72.1M | 0.08% | +240,037 | New |
| First Trust Advisors LP | 230,815 | $69.3M | 0.05% | −32,610−12.4% | Reduced |
| BNP Paribas Arbitrage, SA | 229,017 | $68.8M | 0.05% | −196,710−46.2% | Reduced |
| Great West Life Assurance Co | 220,075 | $65.9M | 0.09% | +20,412+10.2% | Added |
| Truist Financial Corp | 218,782 | $65.7M | 0.09% | −7,111−3.1% | Reduced |
| AustralianSuper Pty Ltd | 216,000 | $64.9M | 0.31% | +216,000 | New |
| Calamos Advisors LLC | 214,274 | $64.4M | 0.26% | +20,301+10.5% | Added |
| TIG Advisors, LLC | 206,611 | $62.1M | 3.83% | +206,611 | New |
| Zacks Investment Management | 206,088 | $61.9M | 0.49% | +1,928+0.9% | Added |
| CIBC Bancorp USA Inc. | 205,991 | $61.9M | 0.37% | +205,991 | New |
| Russell Investments Group, Ltd. | 203,772 | $61.2M | 0.07% | +3,634+1.8% | Added |
| State Board of Administration of Florida Retirement System | 203,523 | $61.1M | 0.11% | −12,992−6.0% | Reduced |
| Man Group plc | 200,105 | $60.1M | 0.12% | +200,105 | New |