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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, 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.

Institutional holdersQ3 2025: 1,801 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 heldQ3 2025: $50.8B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q2 2025.

Institutions holding NSC in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
We Are One Seven, LLC4,851$1.46M0.03%+517+11.9%Added
Quantitative Investment Management, LLC4,867$1.46M0.20%+4,867New
Mayfair Advisory Group, LLC4,868$1.46M0.63%00.0%Unchanged
Angelo Gordon & Co., L.P.4,875$1.46M0.18%+4,875New
Virtue Asset Management LLC4,881$1.47M1.21%+4,881New
Sound View Wealth Advisors Group, LLC4,890$1.47M0.10%−373−7.1%Reduced
Canada Post Corp Registered Pension Plan4,907$1.47M0.07%+1,170+31.3%Added
Iowa State Bank4,925$1.48M0.28%+167+3.5%Added
HBK Sorce Advisory LLC5,115$1.48M0.04%+900+21.4%Added
Franklin Street Advisors Inc5,000$1.50M0.09%−6,200−55.4%Reduced
MidWestOne Financial Group, Inc.5,009$1.50M0.18%00.0%Unchanged
Scotia Capital Inc.5,014$1.51M0.01%−13,393−72.8%Reduced
Savant Capital, LLC5,036$1.51M0.01%+422+9.1%Added
Alpine Bank Wealth Management5,092$1.53M0.22%00.0%Unchanged
Assetmark, Inc5,101$1.53M0.00%+624+13.9%Added
Azzad Asset Management Inc5,159$1.55M0.15%+5,159New
Radnor Capital Management, LLC5,165$1.55M0.24%00.0%Unchanged
Connor, Clark & Lunn Investment Management Ltd.5,166$1.55M0.00%+5,166New
King Luther Capital Management Corp5,184$1.56M0.01%−390−7.0%Reduced
Crossmark Global Holdings, Inc.5,225$1.57M0.02%−599−10.3%Reduced
Peapack Gladstone Financial Corp5,247$1.58M0.02%−525−9.1%Reduced
Pitcairn Co5,253$1.58M0.12%−1,171−18.2%Reduced
Rehmann Capital Advisory Group5,253$1.58M0.09%−10−0.2%Reduced
Oak Hill Wealth Advisors, LLC5,260$1.58M0.30%00.0%Unchanged
Boston Trust Walden Corp5,267$1.58M0.01%00.0%Unchanged
Heritage Trust Co5,290$1.59M0.17%+743+16.3%Added
Everence Capital Management Inc5,330$1.60M0.10%00.0%Unchanged
Community Bank, N.A.5,330$1.60M0.19%−825−13.4%Reduced
City Holding Co5,370$1.61M0.20%−153−2.8%Reduced
Williams Jones Wealth Management, LLC.5,371$1.61M0.02%−1,564−22.6%Reduced
Ballentine Partners, LLC5,378$1.62M0.02%+10+0.2%Added
Nomura Holdings Inc5,384$1.62M0.01%+5,384New
NBT Bank N A5,399$1.62M0.11%−757−12.3%Reduced
CSU Producer Resources, Inc.5,400$1.62M4.79%00.0%Unchanged
Joel Isaacson & Co., LLC5,407$1.62M0.06%00.0%Unchanged
Letson Investment Management, Inc.5,417$1.63M0.58%+20.0%Added
Adviser Investments LLC5,423$1.63M0.02%+800+17.3%Added
Dorsey & Whitney Trust CO LLC5,441$1.63M0.09%−35−0.6%Reduced
Exchange Bank5,456$1.64M1.14%−100−1.8%Reduced
Diversified Trust Co5,463$1.64M0.03%−50−0.9%Reduced
Sierra Summit Advisors LLC5,492$1.65M0.25%+86+1.6%Added
SS&H Financial Advisors, Inc.5,500$1.65M0.50%−100−1.8%Reduced
Cove Private Wealth, LLC5,500$1.65M0.52%00.0%Unchanged
Umpqua Bank5,724$1.66M0.46%+204+3.7%Added
Clark Asset Management, LLC5,520$1.66M0.19%+293+5.6%Added
Meeder Advisory Services, Inc.5,524$1.66M0.08%+15+0.3%Added
Lineweaver Wealth Advisors, LLC5,559$1.67M0.24%−176−3.1%Reduced
Wilkins Investment Counsel Inc5,562$1.67M0.24%00.0%Unchanged
Ashton Thomas Private Wealth, LLC5,574$1.67M0.04%+768+16.0%Added
MB, Levis & Associates, LLC5,594$1.68M0.73%−469−7.7%Reduced
Main Street Group, LTD5,608$1.68M0.49%00.0%Unchanged
Commerzbank Aktiengesellschaft5,608$1.69M0.03%+1,891+50.9%Added
CX Institutional5,613$1.69M0.05%+3,889+225.6%Added
Capital Group Private Client Services, Inc.5,614$1.69M0.03%−21,577−79.4%Reduced
Journey Advisory Group, LLC5,644$1.70M0.13%00.0%Unchanged
Benjamin Edwards Inc5,731$1.72M0.02%−164−2.8%Reduced
Keystone Financial Group5,748$1.73M0.13%+3+0.1%Added
Visionary Wealth Advisors5,771$1.73M0.08%+212+3.8%Added
First National Trust Co5,798$1.74M0.06%−8−0.1%Reduced
Cannon Global Investment Management, LLC5,800$1.74M4.40%+5,800New
Albert D Mason Inc5,804$1.74M1.14%+274+5.0%Added
Dai-Ichi Life Insurance Company, Ltd5,811$1.75M0.04%−4,000−40.8%Reduced
Valmark Advisers, Inc.5,822$1.75M0.02%−101−1.7%Reduced
GAMMA Investing LLC5,857$1.76M0.10%+614+11.7%Added
Quadrant Capital Group LLC5,858$1.76M0.06%+51+0.9%Added
Ninepoint Partners LP5,865$1.76M0.24%+5,865New
Citizens Financial Group Inc5,893$1.77M0.02%+32+0.5%Added
Forum Financial Management, LP5,912$1.78M0.02%+673+12.8%Added
Midwest Trust Co5,936$1.78M0.02%−1,096−15.6%Reduced
SageView Advisory Group, LLC5,941$1.78M0.06%+186+3.2%Added
Kentucky Retirement Systems Insurance Trust Fund5,943$1.79M0.12%−204−3.3%Reduced
Park Avenue Securities LLC5,950$1.79M0.01%−588−9.0%Reduced
Massachusetts Wealth Management5,986$1.80M0.89%+35+0.6%Added
Westport Asset Management Inc6,000$1.80M0.75%00.0%Unchanged
Neo Ivy Capital Management6,002$1.80M0.44%+6,002New
SG Americas Securities, LLC6,021$1.81M0.01%−737−10.9%Reduced
Virtue Capital Management, LLC6,437$1.81M0.40%+6,437New
MUFG Securities Americas Inc.6,051$1.82M0.12%+1,055+21.1%Added
Salvus Wealth Management, LLC6,067$1.82M1.02%+204+3.5%Added
Family Legacy, Inc.6,069$1.82M0.56%−11−0.2%Reduced
Busey Wealth Management6,075$1.82M0.05%−9−0.1%Reduced
Leavell Investment Management, Inc.6,120$1.84M0.08%−30.0%Reduced
Roundview Capital LLC6,125$1.84M0.12%+861+16.4%Added
LRT Capital Management, LLC6,158$1.85M1.23%+573+10.3%Added
Brady Family Wealth, LLC6,238$1.87M0.58%00.0%Unchanged
Summit Trail Advisors, LLC6,256$1.88M0.03%+2,407+62.5%Added
Nicolet Bankshares Inc6,259$1.88M0.30%+193+3.2%Added
Wills Financial Group LLC6,277$1.89M0.77%−18−0.3%Reduced
Dakota Wealth Management6,281$1.89M0.04%−1,136−15.3%Reduced
Wetherby Asset Management Inc6,291$1.89M0.08%+15+0.2%Added
Brooks, Moore & Associates, Inc.6,314$1.90M1.01%+492+8.5%Added
Morningstar Investment Management LLC6,333$1.90M0.07%+4,000+171.5%Added
Essex Savings Bank6,355$1.91M0.43%−13−0.2%Reduced
Horizon Investments, LLC6,393$1.91M0.03%+2,694+72.8%Added
Weatherly Asset Management L. P.6,376$1.92M0.16%−75−1.2%Reduced
Tower Research Capital LLC (TRC)6,408$1.93M0.05%−1,362−17.5%Reduced
Marble Harbor Investment Counsel, LLC6,412$1.93M0.20%−160−2.4%Reduced
Freestone Capital Holdings, LLC6,434$1.93M0.06%+12+0.2%Added
SevenBridge Financial Group, LLC6,762$1.94M0.32%−951−12.3%Reduced
Charter Trust Co6,456$1.94M0.12%−19−0.3%Reduced