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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
Main Street Financial Solutions, LLC1,069$321.2K0.02%+1,069New
Pointe Capital Management LLC1,071$321.7K0.16%00.0%Unchanged
Compton Wealth Advisory Group, LLC1,073$322.3K0.07%00.0%Unchanged
Douglas Lane & Associates, LLC1,082$325.0K0.00%−80−6.9%Reduced
Fulton Breakefield Broenniman LLC1,082$325.1K0.02%00.0%Unchanged
NBC Securities, Inc.1,084$325.8K0.03%−174−13.8%Reduced
TownSquare Capital, LLC1,092$328.0K0.05%−644−37.1%Reduced
Asset Dedication, LLC1,092$328.0K0.02%−89−7.5%Reduced
Pinnacle Wealth Planning Services, Inc.1,092$328.0K0.04%−3−0.3%Reduced
PDS Planning, Inc1,092$328.0K0.02%+1+0.1%Added
Cullen Investment Group, Ltd.1,099$329.9K0.04%00.0%Unchanged
Baker Ellis Asset Management LLC1,100$330.5K0.04%00.0%Unchanged
Dixon Fnancial Services, Inc.1,100$330.5K0.15%00.0%Unchanged
Catalyst Funds Management Pty Ltd1,100$330.5K0.05%+1,100New
Tradition Wealth Management, LLC1,101$330.7K0.02%+3+0.3%Added
Massmutual Trust Co FSB1,109$333.2K0.01%−1,382−55.5%Reduced
Avestar Capital, LLC1,109$333.2K0.02%+1,109New
Elmwood Wealth Management, Inc.1,110$333.5K0.12%+40+3.7%Added
Sanders Morris Harris LLC1,111$333.8K0.04%00.0%Unchanged
Bienville Capital Management, LLC1,120$336.5K0.06%00.0%Unchanged
McKinley Carter Wealth Services, Inc.1,121$336.9K0.02%00.0%Unchanged
Kingswood Wealth Advisors, LLC1,122$337.1K0.02%+101+9.9%Added
Garrett Wealth Advisory Group, LLC1,123$337.2K0.07%+1+0.1%Added
KPP Advisory Services LLC1,134$340.7K0.05%−23−2.0%Reduced
Barnes Pettey Financial Advisors, LLC1,135$341.0K0.19%+200+21.4%Added
Integrated Wealth Concepts LLC1,135$341.1K0.00%−61−5.1%Reduced
Optimize Financial Inc1,137$341.6K0.18%+1,137New
Capital Counsel LLC1,140$342.5K0.01%−75−6.2%Reduced
Private Management Group Inc1,141$342.8K0.01%00.0%Unchanged
Summit Wealth & Retirement Planning, Inc.1,142$343.1K0.08%00.0%Unchanged
Monetary Management Group Inc1,150$345.5K0.08%00.0%Unchanged
Old North State Trust, LLC1,151$346.0K0.21%00.0%Unchanged
StoneX Group Inc.1,156$347.2K0.02%−73−5.9%Reduced
Beaumont Financial Advisors, LLC1,159$348.3K0.02%−2−0.2%Reduced
Robertson Stephens Wealth Management, LLC1,161$348.8K0.01%−41−3.4%Reduced
Ameritas Advisory Services, LLC1,162$349.2K0.02%−216−15.7%Reduced
Cozad Asset Management Inc1,165$350.0K0.03%−200−14.7%Reduced
Holderness Investments Co1,165$350.0K0.07%00.0%Unchanged
McLean Asset Management Corp1,169$350.3K0.07%−23−1.9%Reduced
Courier Capital LLC1,170$351.5K0.02%−319−21.4%Reduced
Austin Private Wealth, LLC1,171$351.8K0.03%+76+6.9%Added
Platform Technology Partners1,176$353.4K0.08%00.0%Unchanged
Main Street Research LLC1,181$354.8K0.02%00.0%Unchanged
Trustmark National Bank Trust Department1,181$354.8K0.02%−13−1.1%Reduced
Arrow Financial Corp1,182$355.1K0.04%+1,182New
MONECO Advisors, LLC1,185$355.9K0.03%−387−24.6%Reduced
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management1,186$356.3K0.01%+284+31.5%Added
Objectivity Squared, LLC1,193$358.5K0.21%+5+0.4%Added
Moody Lynn & Lieberson, LLC1,196$359.3K0.02%+135+12.7%Added
Boston Private Wealth LLC1,196$359.3K0.02%−80−6.3%Reduced
Westfuller Advisors, LLC1,200$360.4K0.16%+137+12.9%Added
Arlington Trust Co LLC1,200$360.5K0.06%00.0%Unchanged
Summit Wealth Group, LLC1,203$361.4K0.09%+1,203New
Quantum Private Wealth, LLC1,206$362.2K0.11%00.0%Unchanged
Childress Capital Advisors, LLC1,210$363.5K0.07%+81+7.2%Added
Fiduciary Alliance LLC1,210$363.5K0.02%+17+1.4%Added
Obermeyer Wood Investment Counsel, LLLP1,212$364.1K0.02%00.0%Unchanged
Barnes Dennig Private Wealth Management LLC1,213$364.4K0.39%00.0%Unchanged
Shelton Capital Management1,221$366.8K0.01%−31−2.5%Reduced
Jackson, Grant Investment Advisers, Inc.1,221$366.8K0.12%00.0%Unchanged
Vance Wealth, Inc.1,226$368.3K0.11%−13−1.0%Reduced
Sky-Mountain Capital Management, Inc.1,278$368.9K0.26%00.0%Unchanged
Bragg Financial Advisors, Inc1,229$369.2K0.01%−6−0.5%Reduced
First Fiduciary Investment Counsel, Inc.1,230$370.0K0.07%00.0%Unchanged
Schwarz Dygos Wheeler Investment Advisors LLC1,234$370.8K0.08%−27−2.1%Reduced
Janney Capital Management LLC1,235$371.0K0.02%00.0%Unchanged
Armstrong Advisory Group, Inc1,238$371.9K0.03%00.0%Unchanged
Aspire Private Capital, LLC1,240$372.6K0.08%−254−17.0%Reduced
Retirement Planning Group1,241$372.8K0.01%+1,241New
SPC Financial, Inc.1,243$373.4K0.03%−223−15.2%Reduced
Diversified Enterprises, LLC1,243$373.4K0.03%+14+1.1%Added
Strategic Blueprint, LLC1,244$373.8K0.02%+88+7.6%Added
Bank of Hawaii1,250$375.5K0.02%00.0%Unchanged
Ellis Investment Partners, LLC1,256$377.6K0.07%−10−0.8%Reduced
Cary Street Partner Investment Advisory LLC1,259$378.2K0.16%+21+1.7%Added
Oak Thistle LLC1,259$378.2K0.06%+1,259New
Shepherd Financial Partners LLC1,259$378.3K0.04%−2−0.2%Reduced
Jag Capital Management, LLC1,260$378.4K0.04%00.0%Unchanged
Tennessee Valley Asset Management Partners1,262$379.2K0.05%+1,262New
O'Brien Greene & Co. Inc1,270$381.5K0.12%−31−2.4%Reduced
Cobblestone Capital Advisors LLC1,274$382.7K0.02%+24+1.9%Added
Canandaigua National Trust Co of Florida1,275$383.0K0.30%−160−11.1%Reduced
Silverberg Bernstein Capital Management LLC1,280$384.5K0.23%+1,280New
Bill Few Associates, Inc.1,281$384.8K0.10%−52−3.9%Reduced
Campion Asset Management LLC1,287$386.6K0.27%−25−1.9%Reduced
WealthPLAN Partners, LLC1,287$386.6K0.06%00.0%Unchanged
Groupe la Francaise1,289$387.2K0.01%−241−15.8%Reduced
Terry L. Blaker1,293$388.4K0.01%00.0%Unchanged
Raleigh Capital Management Inc.1,294$388.8K0.15%−101−7.2%Reduced
Lyell Wealth Management, LP1,300$390.5K0.03%00.0%Unchanged
Baldwin Brothers Inc1,302$391.1K0.03%−26−2.0%Reduced
Csenge Advisory Group1,310$393.5K0.02%+157+13.6%Added
Stokes Family Office, LLC1,312$394.1K0.04%+183+16.2%Added
Capital Advisors Inc1,326$398.3K0.01%−7−0.5%Reduced
Atom Investors LP1,343$403.5K0.03%00.0%Unchanged
Hardin Capital Partners, LLC1,345$404.1K0.22%−27−2.0%Reduced
Foster Group, Inc.1,348$404.8K0.01%+4+0.3%Added
South Street Advisors LLC1,350$405.6K0.05%00.0%Unchanged
Fagan Associates, Inc.1,350$405.6K0.06%00.0%Unchanged
Farmers & Merchants Trust Co of Chambersburg PA1,350$406.0K0.11%00.0%Unchanged