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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
Cerro Pacific Wealth Advisors LLC2,131$640.3K0.18%−317−12.9%Reduced
Maridea Wealth Management LLC2,206$642.3K0.10%+2,206New
KFA Private Wealth Group, LLC2,140$643.1K0.18%−35−1.6%Reduced
Independent Financial Group, LLC2,147$645.0K0.02%00.0%Unchanged
Smith, Salley & Associates2,161$649.3K0.03%−265−10.9%Reduced
LongView Wealth Management2,165$650.2K0.18%+135+6.7%Added
Avantax Planning Partners, Inc.2,174$653.1K0.02%+2+0.1%Added
Touchstone Capital, Inc.2,180$654.9K0.34%+2,180New
Simmons Bank2,188$657.3K0.04%00.0%Unchanged
TCG Advisory Services, LLC2,196$659.8K0.02%+823+59.9%Added
Canal Capital Management, LLC2,197$660.1K0.10%−68−3.0%Reduced
Ames National Corp2,200$660.9K0.39%00.0%Unchanged
Pine Harbor Wealth Management, LLC2,200$660.9K0.21%+84+4.0%Added
Sheets Smith Wealth Management2,201$661.2K0.07%00.0%Unchanged
SeaCrest Wealth Management, LLC2,239$664.0K0.07%−190−7.8%Reduced
Cigna Investments Inc2,223$668.0K0.09%00.0%Unchanged
Vivaldi Capital Management, LLC2,226$668.7K0.09%+808+57.0%Added
Wedbush Securities Inc2,230$670.0K0.02%−170−7.1%Reduced
Larson Financial Group LLC2,243$673.9K0.02%+133+6.3%Added
Cornell Pochily Investment Advisors, Inc.2,244$674.1K0.20%00.0%Unchanged
Westpac Banking Corp2,260$678.9K0.04%−1,621−41.8%Reduced
Harbour Investments, Inc.2,260$679.0K0.02%−243−9.7%Reduced
Evergreen Capital Management LLC2,268$681.4K0.02%+257+12.8%Added
Coastwise Capital Group, LLC2,271$682.3K0.48%+10.0%Added
Meridian Wealth Management, LLC2,273$682.8K0.03%+500+28.2%Added
Reynders McVeigh Capital Management, LLC2,277$684.0K0.03%−335−12.8%Reduced
Howland Capital Management LLC2,277$684.0K0.03%00.0%Unchanged
Becker Capital Management Inc2,290$687.9K0.02%−25−1.1%Reduced
Norris Perne & French LLP2,290$687.9K0.05%00.0%Unchanged
Roberts Wealth Advisors, LLC2,300$690.9K0.18%−200−8.0%Reduced
Lebenthal Global Advisors, LLC2,300$690.9K0.12%+12+0.5%Added
Fort Washington Investment Advisors Inc2,304$692.1K0.00%+13+0.6%Added
Hoxton Planning & Management, LLC2,305$692.4K0.22%−34−1.5%Reduced
Gilliland Jeter Wealth Management LLC2,309$693.5K0.21%+6+0.3%Added
Focus Financial Network, Inc.2,312$694.6K0.02%+163+7.6%Added
Elser Financial Planning, Inc2,356$702.8K0.85%+8+0.3%Added
Hilltop Holdings Inc.2,340$702.9K0.04%−512−18.0%Reduced
Mesirow Financial Investment Management, Inc.2,347$705.1K0.01%+78+3.4%Added
Profund Advisors LLC2,352$706.6K0.02%−179−7.1%Reduced
Atlantic Edge Private Wealth Management, LLC2,360$709.1K0.18%−65−2.7%Reduced
Mendel Money Management2,386$716.8K0.30%−43−1.8%Reduced
Employees Retirement System of Texas2,390$718.0K0.01%+563+30.8%Added
Fca Corp2,400$721.0K0.20%00.0%Unchanged
Ballast, Inc.2,408$723.4K0.18%00.0%Unchanged
Sigma Planning Corp2,410$724.0K0.02%−74−3.0%Reduced
Gratus Wealth Advisors, LLC2,411$724.3K0.10%+3+0.1%Added
Soltis Investment Advisors LLC2,417$726.1K0.05%+56+2.4%Added
Gryphon Financial Partners LLC2,441$733.2K0.08%+17+0.7%Added
Mine & Arao Wealth Creation & Management, LLC.2,443$734.0K0.30%+7+0.3%Added
Virtu Financial LLC2,445$734.0K0.04%−6,310−72.1%Reduced
Boltwood Capital Management2,445$734.5K0.20%+55+2.3%Added
Monticello Wealth Management, LLC2,446$734.8K0.05%+10+0.4%Added
Argyle Capital Management Inc.2,462$739.6K0.26%00.0%Unchanged
Kendall Capital Management2,463$739.9K0.17%−191−7.2%Reduced
Frank, Rimerman Advisors LLC2,464$740.2K0.05%+945+62.2%Added
Catalyst Financial Partners LLC2,468$741.4K0.09%+144+6.2%Added
Hendershot Investments Inc.2,480$745.0K0.09%00.0%Unchanged
Gilbert & Cook, Inc.2,480$745.0K0.10%+50+2.1%Added
Formidable Asset Management, LLC2,921$747.8K0.12%00.0%Unchanged
First Manhattan Co2,494$749.2K0.00%−650−20.7%Reduced
Papp L Roy & Associates2,494$749.2K0.08%00.0%Unchanged
Garrison Bradford & Associates Inc2,500$751.0K0.80%00.0%Unchanged
CSS LLC2,500$751.0K0.04%+2,500New
Colonial Trust Co2,501$751.3K0.10%−300−10.7%Reduced
Sollinda Capital Management LLC2,505$752.5K0.21%−9−0.4%Reduced
Ferguson Wellman Capital Management, Inc2,507$753.1K0.01%−100−3.8%Reduced
Prosperity Consulting Group, LLC2,507$753.2K0.04%+391+18.5%Added
JFS Wealth Advisors, LLC2,509$753.9K0.04%+3+0.1%Added
Creative Financial Designs Inc2,518$756.4K0.05%00.0%Unchanged
Vontobel Holding Ltd.2,547$765.1K0.00%−86−3.3%Reduced
Insigneo Advisory Services, LLC2,549$765.9K0.05%+33+1.3%Added
Centric Wealth Management2,704$766.3K0.17%+12+0.4%Added
Curbstone Financial Management Corp2,564$770.3K0.15%−50−1.9%Reduced
Checchi Capital Advisers, LLC2,570$772.0K0.05%−156−5.7%Reduced
Lee Danner & Bass Inc2,579$774.8K0.06%−202−7.3%Reduced
Atomi Financial Group, Inc.2,589$777.7K0.03%+632+32.3%Added
AXA Investment Managers S.A.2,589$777.8K0.00%+2,589New
Monarch Capital Management Inc2,590$778.1K0.19%00.0%Unchanged
Compass Ion Advisors, LLC2,596$780.0K0.08%−74−2.8%Reduced
GeoWealth Management, LLC2,608$783.3K0.03%+48+1.9%Added
Capital Investment Advisory Services, LLC2,611$784.3K0.06%+66+2.6%Added
Inspire Advisors, LLC2,630$790.1K0.08%−80−3.0%Reduced
Level Four Advisory Services, LLC2,648$795.5K0.03%−116−4.2%Reduced
Cornerstone Wealth Management, LLC2,658$798.6K0.04%+255+10.6%Added
Heritage Wealth Management, Inc.2,666$800.9K0.24%00.0%Unchanged
Ritter Daniher Financial Advisory LLC2,668$801.4K0.14%+1,468+122.3%Added
Garner Asset Management Corp2,670$802.0K0.32%+3+0.1%Added
Shorepoint Capital Partners LLC2,684$806.3K0.16%+2,684New
Peoples Financial Services Corp.2,698$810.5K0.37%−35−1.3%Reduced
S.A. Mason LLC2,700$811.1K0.36%00.0%Unchanged
Leelyn Smith, LLC2,700$811.1K0.12%+2,700New
Prudent Investors Network2,716$815.9K0.20%−174−6.0%Reduced
Trust Co of Oklahoma2,717$816.2K0.24%00.0%Unchanged
WSFS Capital Management, LLC2,719$816.8K0.04%−159−5.5%Reduced
Woodward Diversified Capital, LLC2,719$816.8K0.38%−156−5.4%Reduced
Clear Harbor Asset Management, LLC2,721$817.4K0.06%−675−19.9%Reduced
Salomon & Ludwin, LLC2,740$822.4K0.07%+106+4.0%Added
Valley National Advisers Inc2,752$826.0K0.13%−36−1.3%Reduced
Flagship Harbor Advisors, LLC2,753$827.0K0.04%+125+4.8%Added
Advance Capital Management, Inc.2,755$827.6K0.04%+29+1.1%Added