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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
Advisor OS, LLC1,687$507.0K0.04%+86+5.4%Added
PFC Capital Group, Inc.1,694$508.0K0.21%−112−6.2%Reduced
Red Door Wealth Management, LLC1,698$510.1K0.05%00.0%Unchanged
Fundamentun, LLC1,699$510.6K0.02%+40+2.4%Added
Howard Capital Management Inc.1,703$511.6K0.01%+48+2.9%Added
Grandview Asset Management LLC1,705$512.3K0.14%−438−20.4%Reduced
Thomasville National Bank1,710$513.7K0.03%00.0%Unchanged
Relyea Zuckerberg Hanson LLC1,711$514.0K0.05%+7+0.4%Added
McGlone Suttner Wealth Management, Inc.1,715$515.3K0.07%+82+5.0%Added
Foster Victor Wealth Advisors, LLC1,719$516.0K0.03%+711+70.5%Added
Hanson & Doremus Investment Management1,719$516.0K0.06%+152+9.7%Added
Erste Asset Management GmbH1,725$516.8K0.00%−45−2.5%Reduced
Bearing Point Capital, LLC1,723$517.6K0.09%+40+2.4%Added
TCI Wealth Advisors, Inc.1,723$517.7K0.03%00.0%Unchanged
YHB Investment Advisors, Inc.1,723$517.7K0.04%+4+0.2%Added
Conning Inc.1,728$519.1K0.02%00.0%Unchanged
Resources Management Corp1,730$520.0K0.07%−1,574−47.6%Reduced
ARS Investment Partners, LLC1,734$520.9K0.03%00.0%Unchanged
Roof Eidam & Maycock1,735$521.2K0.13%00.0%Unchanged
Cidel Asset Management Inc1,737$521.8K0.03%−99−5.4%Reduced
Evoke Wealth, LLC1,739$522.5K0.01%+524+43.1%Added
Raab & Moskowitz Asset Management LLC1,749$525.4K0.12%00.0%Unchanged
BIP Wealth, LLC1,751$526.0K0.03%+47+2.8%Added
Mirador Capital Partners LP1,752$526.3K0.07%−36−2.0%Reduced
Folger Nolan Fleming Douglas Capital Management, Inc1,754$526.9K0.06%00.0%Unchanged
Equitable Holdings, Inc.1,776$533.5K0.00%+90+5.3%Added
BankPlus Trust Department1,795$539.2K0.14%−45−2.4%Reduced
Howard Financial Services, Ltd.1,799$540.4K0.07%00.0%Unchanged
Caldwell Sutter Capital, Inc.1,800$540.7K0.23%00.0%Unchanged
Legacy Trust1,801$541.0K0.11%+1,801New
Groupama Asset Managment1,802$541.3K0.01%−171−8.7%Reduced
Bigelow Investment Advisors, LLC1,802$541.3K0.22%−20−1.1%Reduced
apricus wealth, LLC1,803$541.6K0.29%+125+7.4%Added
Crawford Investment Counsel Inc1,804$541.9K0.01%00.0%Unchanged
International Assets Investment Management, LLC2,068$542.6K0.04%00.0%Unchanged
Klingman & Associates, LLC1,813$544.6K0.03%−13−0.7%Reduced
Livforsakringsbolaget Skandia, Omsesidigt1,818$545.8K0.02%−100−5.2%Reduced
Delta Asset Management LLC1,818$546.1K0.05%00.0%Unchanged
CNB Bank1,833$550.7K0.23%00.0%Unchanged
Thoroughbred Financial Services, LLC1,839$552.0K0.03%00.0%Unchanged
Alerus Financial NA1,842$553.4K0.03%−1−0.1%Reduced
Change Path, LLC1,846$554.5K0.01%+58+3.2%Added
RFG - Bristol Wealth Advisors, LLC1,846$554.7K0.16%00.0%Unchanged
Optas, LLC1,848$555.3K0.09%+29+1.6%Added
Greystone Financial Group, LLC1,855$557.2K0.09%00.0%Unchanged
Successful Portfolios LLC1,855$557.3K0.33%−173−8.5%Reduced
First Financial Bank - Trust Division1,858$558.2K0.05%−32−1.7%Reduced
Fragasso Group Inc.1,868$560.6K0.03%+27+1.5%Added
Cypress Capital Group1,870$561.8K0.07%00.0%Unchanged
Meketa Investment Group Inc1,873$562.7K1.85%−602−24.3%Reduced
Abacus Planning Group, Inc.1,877$563.9K0.08%00.0%Unchanged
Ion Asset Management Ltd.1,880$564.8K0.07%00.0%Unchanged
Beaton Management Co. Inc.1,880$565.0K0.26%00.0%Unchanged
First Horizon Corp1,882$565.4K0.03%+1,882New
Alpha Cubed Investments, LLC1,888$567.2K0.02%+8+0.4%Added
Clearview Wealth Advisors LLC1,892$568.3K0.36%−53−2.7%Reduced
Evercore Wealth Management, LLC1,896$569.6K0.01%−250−11.6%Reduced
Cadinha & Co LLC1,896$569.6K0.08%00.0%Unchanged
Brighton Jones LLC1,897$569.9K0.01%+24+1.3%Added
Brown, Lisle/Cummings, Inc.1,898$570.2K0.15%−75−3.8%Reduced
Ostrum Asset Management1,898$570.2K0.03%−60−3.1%Reduced
Sagefield Capital LP1,900$570.8K0.06%+1,900New
McDonald Partners LLC1,900$570.8K0.17%−25−1.3%Reduced
Pathway Financial Advisors LLC1,901$571.1K0.08%00.0%Unchanged
Coastal Bridge Advisors, LLC1,908$573.2K0.04%−299−13.5%Reduced
LCNB Corp1,911$574.1K0.20%+300+18.6%Added
Bay Capital Advisors, LLC1,919$576.5K0.38%+1+0.1%Added
Ti-Trust, Inc1,920$576.8K0.36%00.0%Unchanged
Hara Capital LLC1,920$576.8K0.34%00.0%Unchanged
Accurate Wealth Management, LLC2,023$587.3K0.08%+88+4.5%Added
Vise Technologies, Inc.1,957$587.8K0.02%+55+2.9%Added
Bolthouse Investments, LLC1,957$587.9K0.53%00.0%Unchanged
Washington Trust Co1,980$594.9K0.02%+1,980New
Interchange Capital Partners, LLC1,992$598.4K0.12%+467+30.6%Added
Verus Financial Partners, Inc.1,997$600.0K0.06%+3+0.2%Added
Highbridge Capital Management LLC2,000$600.8K0.03%+2,000New
BWM Planning, LLC2,000$600.8K0.18%+2,000New
KLCM Advisors, Inc.2,000$600.9K0.06%−925−31.6%Reduced
Tradewinds Capital Management, LLC2,004$602.0K0.14%00.0%Unchanged
Cutler Investment Counsel LLC2,008$603.2K0.06%00.0%Unchanged
South State Corp.2,027$608.9K0.03%−218−9.7%Reduced
Hurlow Wealth Management Group, Inc.2,028$609.2K0.16%00.0%Unchanged
First National Bank2,036$611.6K0.33%+48+2.4%Added
Mystic Asset Management, Inc.2,040$612.8K0.14%+400+24.4%Added
U.S. Capital Wealth Advisors, LLC2,042$613.3K0.02%+37+1.8%Added
Ameritas Investment Partners, Inc.2,045$614.3K0.02%−83−3.9%Reduced
Johnson Financial Group, Inc.2,047$614.9K0.02%+810+65.5%Added
Cornerstone Advisors Asset Management, LLC2,048$615.2K0.11%00.0%Unchanged
Eastern Bank2,052$616.4K0.01%+198+10.7%Added
GHP Investment Advisors, Inc.2,056$617.6K0.03%−3−0.1%Reduced
Tyche Wealth Partners LLC2,069$621.5K0.11%00.0%Unchanged
Panagora Asset Management Inc2,081$625.2K0.00%00.0%Unchanged
WESCAP Management Group, Inc.2,088$627.3K0.13%00.0%Unchanged
Lantern Wealth Advisors, LLC2,090$627.9K0.33%00.0%Unchanged
GW Henssler & Associates Ltd2,094$629.1K0.03%00.0%Unchanged
Global Retirement Partners, LLC2,096$629.8K0.01%+218+11.6%Added
Oakworth Capital, Inc.2,103$631.8K0.04%−12−0.6%Reduced
Arkansas Financial Group, Inc.2,115$635.4K0.09%−56−2.6%Reduced
Trustco Bank Corp N Y2,116$635.7K0.57%00.0%Unchanged
Farringdon Capital, Ltd.2,116$635.7K0.16%+2,116New