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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
FNY Investment Advisers, LLC100$30.0K0.01%+87+669.2%Added
BNP Paribas100$30.0K0.00%00.0%Unchanged
Luken Investment Analytics, LLC100$30.0K0.01%00.0%Unchanged
Game Plan Financial Advisors, LLC100$30.0K0.01%00.0%Unchanged
Team Financial Group, LLC100$30.0K0.01%00.0%Unchanged
Comprehensive Financial Planning, Inc.100$30.0K0.02%00.0%Unchanged
Robinswood Financial LLC100$30.0K0.01%00.0%Unchanged
Pinnacle Bancorp, Inc.102$30.6K0.01%−82−44.6%Reduced
Nemes Rush Group LLC102$30.7K0.00%−34−25.0%Reduced
Ameriflex Group, Inc.102$30.8K0.01%+13+14.6%Added
GW&K Investment Management, LLC104$31.0K0.00%+7+7.2%Added
Highline Wealth Partners LLC103$31.1K0.01%+42+68.9%Added
Boyd Watterson Asset Management LLC104$31.2K0.01%00.0%Unchanged
WPG Advisers, LLC110$33.0K0.03%−6−5.2%Reduced
Oakmont Corp110$33.0K0.01%00.0%Unchanged
Keystone Financial Group, Inc.110$33.2K0.02%00.0%Unchanged
Financial Life Planners115$34.5K0.02%+115New
American National Bank115$34.5K0.00%−600−83.9%Reduced
Essential Partners LLC116$34.9K0.01%+1+0.9%Added
Bank of Jackson Hole Trust117$35.1K0.02%00.0%Unchanged
Financial Consulate, Inc119$35.7K0.01%+119New
Vision Financial Markets LLC120$36.0K0.03%00.0%Unchanged
Peterson Wealth Services10$36.8K0.01%−112−91.8%Reduced
Dunhill Financial, LLC126$37.8K0.01%+1+0.8%Added
TD Capital Management LLC131$39.4K0.00%00.0%Unchanged
UMA Financial Services, Inc.132$39.6K0.01%−25−15.9%Reduced
Manchester Capital Management LLC132$39.7K0.01%−720−84.5%Reduced
1620 Investment Advisors, Inc.136$40.9K0.03%00.0%Unchanged
Palisade Asset Management, LLC138$41.5K0.00%+138New
Financial Connections Group, Inc.146$43.0K0.02%00.0%Unchanged
True Wealth Design, LLC149$44.8K0.01%+39+35.5%Added
Adirondack Trust Co150$45.1K0.02%00.0%Unchanged
Leonteq Securities AG150$45.1K0.00%−84−35.9%Reduced
BOK Financial Private Wealth, Inc.150$45.1K0.00%00.0%Unchanged
Cedar Mountain Advisors, LLC150$45.1K0.01%00.0%Unchanged
North Star Investment Management Corp.161$48.3K0.00%00.0%Unchanged
Abound Wealth Management163$49.1K0.01%00.0%Unchanged
Clark Wealth Partners171$49.4K0.03%+11+6.9%Added
Orion Capital Management LLC166$49.9K0.02%+1+0.6%Added
Concord Wealth Partners167$50.2K0.01%00.0%Unchanged
Newbridge Financial Services Group, Inc.168$50.4K0.01%+1+0.6%Added
Golden State Wealth Management, LLC177$53.2K0.01%00.0%Unchanged
Richardson Financial Services Inc.178$53.5K0.03%00.0%Unchanged
Parvin Asset Management, LLC182$54.7K0.05%+22+13.8%Added
Plante Moran Financial Advisors, LLC186$55.9K0.00%−134−41.9%Reduced
Rogco, LP197$59.2K0.02%00.0%Unchanged
RMG Wealth Management LLC204$59.5K0.01%00.0%Unchanged
Investors Research Corp200$60.1K0.01%−246−55.2%Reduced
Blackhill Capital Inc200$60.1K0.00%00.0%Unchanged
First Pacific Financial209$62.8K0.01%−45−17.7%Reduced
Stephens Consulting, LLC210$63.1K0.02%−136−39.3%Reduced
Annis Gardner Whiting Capital Advisors, LLC214$64.2K0.01%−32−13.0%Reduced
Prestige Wealth Management Group LLC217$65.2K0.01%−6−2.7%Reduced
MV Capital Management, Inc.219$65.8K0.01%00.0%Unchanged
Godsey & Gibb Associates226$67.8K0.01%00.0%Unchanged
Mondrian Investment Partners LTD230$69.1K0.00%+230New
SJS Investment Consulting Inc.230$69.1K0.01%+121+111.0%Added
Bogart Wealth, LLC230$69.1K0.00%+6+2.7%Added
O'Brien Wealth Partners LLC235$70.6K0.01%−197−45.6%Reduced
Bellevue Asset Management, LLC235$70.6K0.03%00.0%Unchanged
North Capital, Inc.243$73.0K0.06%+9+3.8%Added
Asset Planning,Inc250$75.1K0.05%−100−28.6%Reduced
Bangor Savings Bank250$75.1K0.01%00.0%Unchanged
Fourth Dimension Wealth, LLC254$76.2K0.03%+1+0.4%Added
ORG Wealth Partners, LLC253$76.2K0.02%00.0%Unchanged
American Capital Advisory, LLC259$77.8K0.04%+1+0.4%Added
Webster Bank, N. A.260$78.1K0.01%00.0%Unchanged
Strategic Investment Solutions, Inc.260$78.1K0.02%00.0%Unchanged
Towarzystwo Funduszy Inwestycyjnych Pzu SA260$78.1K0.02%00.0%Unchanged
Transamerica Financial Advisors, Inc.268$80.3K0.01%+267+26,700.0%Added
Rossby Financial, LCC271$80.9K0.03%00.0%Unchanged
REAP Financial Group, LLC271$81.4K0.02%+35+14.8%Added
Fairman Group, LLC273$82.0K0.07%−108−28.3%Reduced
CVA Family Office, LLC273$82.0K0.01%+2+0.7%Added
Smallwood Wealth Investment Management, LLC275$82.6K0.04%00.0%Unchanged
Silvant Capital Management LLC275$82.6K0.00%00.0%Unchanged
Sittner & Nelson, LLC276$82.9K0.03%00.0%Unchanged
Hilltop National Bank280$84.1K0.02%00.0%Unchanged
LOM Asset Management Ltd290$87.0K0.03%−35−10.8%Reduced
Ogorek Anthony Joseph292$87.0K0.02%+1+0.3%Added
Cloud Capital Management, LLC292$87.0K0.05%+292New
Quest 10 Wealth Builders, Inc.290$87.1K0.08%+33+12.8%Added
Bruce G. Allen Investments, LLC291$87.4K0.06%−27−8.5%Reduced
Sunbelt Securities, Inc.291$87.4K0.01%+256+731.4%Added
GPS Wealth Strategies Group, LLC292$87.8K0.01%−22−7.0%Reduced
Hoey Investments, Inc297$89.2K0.01%00.0%Unchanged
Loomis Sayles & Co L P299$89.8K0.00%−71−19.2%Reduced
Ulland Investment Advisors, LLC300$90.0K0.07%00.0%Unchanged
Thompson Investment Management, Inc.300$90.1K0.01%00.0%Unchanged
Contravisory Investment Management, Inc.300$90.1K0.02%00.0%Unchanged
Vermillion Wealth Management, Inc.300$90.1K0.02%00.0%Unchanged
Tortoise Investment Management, LLC300$90.1K0.01%+4+1.4%Added
Capital Advisors, Ltd. LLC307$92.0K0.01%00.0%Unchanged
LRI Investments, LLC307$92.2K0.01%+12+4.1%Added
MPWM Advisory Solutions, LLC307$92.2K0.05%+270+729.7%Added
Chapman Financial Group, LLC311$93.4K0.06%00.0%Unchanged
Curio Wealth, LLC313$94.0K0.04%00.0%Unchanged
Ransom Advisory, Ltd321$96.4K0.04%−7−2.1%Reduced
Moisand Fitzgerald Tamayo, LLC332$99.7K0.01%00.0%Unchanged
Bank & Trust Co342$102.7K0.08%00.0%Unchanged