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 | 1,592 | $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 |
|---|---|---|---|---|---|
| State of Michigan Retirement System | 60,690 | $18.2M | 0.09% | −600−1.0% | Reduced |
| Richard C. Young & CO., LTD. | 62,601 | $18.8M | 1.75% | −1,258−2.0% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 62,631 | $18.8M | 0.03% | +53,638+596.4% | Added |
| Mariner, LLC | 62,953 | $18.9M | 0.02% | −2,758−4.2% | Reduced |
| Lowe Brockenbrough & Co Inc | 63,103 | $19.0M | 0.98% | +2,222+3.6% | Added |
| New York Life Investment Management LLC | 64,135 | $19.3M | 0.17% | +33,493+109.3% | Added |
| Brown Advisory Inc | 64,426 | $19.4M | 0.03% | −4,036−5.9% | Reduced |
| Van Eck Associates Corp | 65,069 | $19.5M | 0.02% | +7,206+12.5% | Added |
| Arizona State Retirement System | 65,831 | $19.8M | 0.11% | −308−0.5% | Reduced |
| Gotham Asset Management, LLC | 65,880 | $19.8M | 0.09% | +62,073+1,630.5% | Added |
| Cinctive Capital Management LP | 66,193 | $19.9M | 0.99% | +63,191+2,105.0% | Added |
| Harvest Management LLC | 66,400 | $19.9M | 9.80% | +66,400 | New |
| Wealth Enhancement Advisory Services, LLC | 69,811 | $20.7M | 0.03% | +1,962+2.9% | Added |
| NorthCrest Asset Manangement, LLC | 70,001 | $20.7M | 0.49% | −892−1.3% | Reduced |
| Bartlett & Co. Wealth Management LLC | 69,852 | $21.0M | 0.28% | −1,050−1.5% | Reduced |
| Capstone Investment Advisors, LLC | 70,000 | $21.0M | 0.18% | +66,711+2,028.3% | Added |
| Resona Asset Management Co.,Ltd. | 70,062 | $21.0M | 0.10% | −4,105−5.5% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 71,312 | $21.4M | 0.11% | +2,153+3.1% | Added |
| Creative Planning | 73,673 | $22.1M | 0.02% | +2,983+4.2% | Added |
| Comerica Bank | 73,855 | $22.2M | 0.08% | −7,256−8.9% | Reduced |
| Nomura Asset Management Co Ltd | 75,058 | $22.5M | 0.06% | −133−0.2% | Reduced |
| Sequoia Financial Advisors, LLC | 76,500 | $23.0M | 0.14% | +443+0.6% | Added |
| Victory Capital Management Inc | 77,249 | $23.2M | 0.01% | −10,381−11.8% | Reduced |
| State of New Jersey Common Pension Fund D | 78,224 | $23.5M | 0.09% | +2,046+2.7% | Added |
| Cetera Investment Advisers | 78,252 | $23.5M | 0.03% | +14,013+21.8% | Added |
| DekaBank Deutsche Girozentrale | 79,305 | $23.7M | 0.04% | 00.0% | Unchanged |
| Whittier Trust Co of Nevada Inc | 79,854 | $24.0M | 0.51% | +2,152+2.8% | Added |
| Picton Mahoney Asset Management | 80,000 | $24.0M | 0.31% | +80,000 | New |
| Taylor Financial Group, Inc. | 82,517 | $24.8M | 14.26% | −1,673−2.0% | Reduced |
| TD Asset Management Inc | 83,014 | $24.9M | 0.02% | −1,350−1.6% | Reduced |
| KLP Kapitalforvaltning AS | 83,213 | $25.0M | 0.10% | +4,100+5.2% | Added |
| Sand Grove Capital Management LLP | 84,392 | $25.4M | 12.39% | +84,392 | New |
| CI Private Wealth, LLC | 87,106 | $26.2M | 0.04% | −2,304−2.6% | Reduced |
| Cobalt Capital Management, Inc. | 90,000 | $27.0M | 12.43% | +90,000 | New |
| Waters Parkerson & Co., LLC | 90,137 | $27.1M | 1.32% | −3,465−3.7% | Reduced |
| Public Employees Retirement System of Ohio | 90,213 | $27.1M | 0.09% | −1,899−2.1% | Reduced |
| State of Tennessee, Treasury Department | 91,531 | $27.5M | 0.09% | −5,528−5.7% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 93,812 | $28.2M | 0.05% | −6,961−6.9% | Reduced |
| Asset Management One Co.,Ltd. | 94,219 | $28.3M | 0.08% | −344−0.4% | Reduced |
| Danske Bank A/S | 94,786 | $28.5M | 0.07% | +3,300+3.6% | Added |
| Birnam Oak Advisors, LP | 96,100 | $28.9M | 7.08% | +96,100 | New |
| Slotnik Capital, LLC | 99,200 | $29.8M | 10.74% | +99,200 | New |
| Royal London Asset Management Ltd | 99,247 | $29.8M | 0.06% | −1,479−1.5% | Reduced |
| Captrust Financial Advisors | 99,881 | $30.0M | 0.06% | −5,232−5.0% | Reduced |
| Pictet Asset Management Holding SA | 100,312 | $30.1M | 0.03% | −60.0% | Reduced |
| Nisa Investment Advisors, LLC | 101,476 | $30.5M | 0.12% | +5,627+5.9% | Added |
| Treasurer of the State of North Carolina | 101,541 | $30.5M | 0.09% | −3,956−3.7% | Reduced |
| ExodusPoint Capital Management, LP | 102,721 | $30.9M | 0.43% | +102,721 | New |
| Janney Montgomery Scott LLC | 102,746 | $30.9M | 0.07% | −3,063−2.9% | Reduced |
| APG Asset Management N.V. | 125,300 | $32.0M | 0.09% | 00.0% | Unchanged |
| Fifth Third Bancorp | 107,720 | $32.4M | 0.10% | −624−0.6% | Reduced |
| Quantinno Capital Management LP | 113,827 | $34.2M | 0.09% | +47,516+71.7% | Added |
| Handelsbanken Fonder AB | 114,378 | $34.4M | 0.11% | −4,484−3.8% | Reduced |
| Schonfeld Strategic Advisors LLC | 114,970 | $34.5M | 0.24% | −120,947−51.3% | Reduced |
| Keybank National Association | 115,552 | $34.7M | 0.12% | −5,271−4.4% | Reduced |
| Colony Group, LLC | 115,995 | $34.8M | 0.06% | −4,058−3.4% | Reduced |
| Natixis Advisors, L.P. | 118,250 | $35.5M | 0.05% | +667+0.6% | Added |
| State of Wisconsin Investment Board | 118,563 | $35.6M | 0.08% | −2,226−1.8% | Reduced |
| Carnegie Capital Asset Management, LLC | 118,761 | $35.7M | 0.67% | +838+0.7% | Added |
| Cullen Capital Management LLC | 121,351 | $36.5M | 0.40% | +29,264+31.8% | Added |
| Stifel Financial Corp | 121,565 | $36.5M | 0.03% | −7,503−5.8% | Reduced |
| Chevy Chase Trust Holdings, Inc. | 122,042 | $36.7M | 0.10% | −3,873−3.1% | Reduced |
| Commonwealth Equity Services, LLC | 124,619 | $37.4M | 0.05% | −1,403−1.1% | Reduced |
| Water Island Capital LLC | 125,799 | $37.8M | 5.41% | +125,799 | New |
| Robeco Institutional Asset Management B.V. | 127,284 | $38.2M | 0.06% | +108,476+576.8% | Added |
| Regions Financial Corp | 127,956 | $38.4M | 0.25% | −2,327−1.8% | Reduced |
| Prudential Financial Inc | 128,104 | $38.5M | 0.05% | −5,986−4.5% | Reduced |
| Westchester Capital Management, LLC | 130,825 | $39.3M | 2.04% | +130,825 | New |
| Macquarie Group Ltd | 133,551 | $40.1M | 0.05% | +3,776+2.9% | Added |
| Natixis | 133,599 | $40.1M | 0.22% | +125,768+1,606.0% | Added |
| Governors Lane LP | 134,302 | $40.3M | 5.58% | +134,302 | New |
| Brandywine Global Investment Management, LLC | 136,434 | $41.0M | 0.28% | −300.0% | Reduced |
| Empyrean Capital Partners, LP | 136,500 | $41.0M | 1.65% | +136,500 | New |
| Woodline Partners LP | 136,790 | $41.1M | 0.19% | +128,657+1,581.9% | Added |
| Baird Financial Group, Inc. | 137,007 | $41.2M | 0.07% | −665−0.5% | Reduced |
| Jefferies Financial Group Inc. | 138,000 | $41.5M | 0.38% | +83,747+154.4% | Added |
| M&T Bank Corp | 139,069 | $41.8M | 0.14% | −4,758−3.3% | Reduced |
| AQR Capital Management LLC | 140,553 | $42.2M | 0.03% | +14,300+11.3% | Added |
| National Bank of Canada | 144,141 | $43.3M | 0.05% | −214,338−59.8% | Reduced |
| Geneos Wealth Management Inc. | 149,196 | $44.8M | 1.14% | +277+0.2% | Added |
| Swedbank AB | 149,900 | $45.0M | 0.05% | +469+0.3% | Added |
| Hudson Bay Capital Management LP | 151,463 | $45.5M | 0.28% | +115,073+316.2% | Added |
| Toronto Dominion Bank | 153,711 | $46.2M | 0.09% | +30,522+24.8% | Added |
| Berkshire Asset Management LLC | 157,932 | $47.4M | 2.02% | −238−0.2% | Reduced |
| Marshall Wace, LLP | 159,731 | $48.0M | 0.05% | −63,743−28.5% | Reduced |
| Reaves W H & Co Inc | 163,700 | $49.2M | 0.88% | −55,600−25.4% | Reduced |
| New York State Teachers Retirement System | 165,147 | $49.6M | 0.10% | −461−0.3% | Reduced |
| Allianz Asset Management GmbH | 165,321 | $49.7M | 0.06% | +63,611+62.5% | Added |
| Capital International Investors | 167,888 | $50.4M | 0.01% | +14,938+9.8% | Added |
| Manufacturers Life Insurance Company, The | 168,096 | $50.5M | 0.04% | −30,751−15.5% | Reduced |
| Bank of Nova Scotia | 170,917 | $51.3M | 0.09% | +147,963+644.6% | Added |
| Aviva PLC | 174,936 | $52.6M | 0.10% | +5,745+3.4% | Added |
| Cerity Partners LLC | 175,300 | $52.7M | 0.09% | −2,151−1.2% | Reduced |
| Korea Investment CORP | 176,932 | $53.2M | 0.11% | +21,696+14.0% | Added |
| US Bancorp | 178,887 | $53.7M | 0.06% | −4,017−2.2% | Reduced |
| Aristotle Atlantic Partners, LLC | 183,923 | $55.3M | 1.60% | −5,729−3.0% | Reduced |
| Sona Asset Management (US) LLC | 189,280 | $56.9M | 2.24% | +189,280 | New |
| LMR Partners LLP | 190,879 | $57.3M | 0.74% | +190,879 | New |
| SEI Investments Co | 191,891 | $57.6M | 0.06% | +15,578+8.8% | Added |
| CNH Partners LLC | 196,319 | $58.9M | 1.50% | +196,319 | New |