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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
Partners in Financial Planning9,383$2.82M0.49%+550+6.2%Added
Rakuten Investment Management, Inc.23,629$2.80M0.01%+23,629New
Kingsview Wealth Management, LLC9,315$2.80M0.04%+68+0.7%Added
Stephens Inc9,314$2.80M0.04%−13−0.1%Reduced
Snowden Capital Advisors LLC9,221$2.77M0.08%−47−0.5%Reduced
Two Sigma Investments, LP9,220$2.77M0.00%+6,630+256.0%Added
Campbell Newman Asset Management Inc9,165$2.75M0.20%00.0%Unchanged
Financial Network Wealth Management LLC9,586$2.75M0.85%+9,586New
Koshinski Asset Management, Inc.9,148$2.75M0.18%−40−0.4%Reduced
Mill Capital Management, LLC9,138$2.75M0.20%00.0%Unchanged
Bahl & Gaynor Inc9,086$2.73M0.01%−62−0.7%Reduced
Naples Global Advisors, LLC9,031$2.71M0.21%−5−0.1%Reduced
United Capital Financial Advisers, LLC9,022$2.71M0.02%−73−0.8%Reduced
Ronald Blue Trust, Inc.8,954$2.69M0.03%−78−0.9%Reduced
ZEGA Investments, LLC8,934$2.68M0.62%+8,934New
Simplex Trading, LLC8,912$2.68M0.06%−1,049−10.5%Reduced
Brown Brothers Harriman & Co8,910$2.68M0.02%+645+7.8%Added
Rossmore Private Capital8,907$2.68M0.29%00.0%Unchanged
Fisher Funds Management LTD8,885$2.67M0.07%00.0%Unchanged
Sanibel Captiva Trust Company, Inc.8,864$2.66M0.08%−25−0.3%Reduced
Prime Capital Investment Advisors, LLC8,824$2.65M0.03%−144−1.6%Reduced
Hancock Whitney Corp8,796$2.64M0.05%+77+0.9%Added
Federation des caisses Desjardins du Quebec8,697$2.61M0.01%+1,266+17.0%Added
Montag A & Associates Inc8,604$2.58M0.12%00.0%Unchanged
Fiduciary Group LLC8,590$2.58M0.23%−54−0.6%Reduced
MTM Investment Management, LLC8,586$2.58M0.82%+10.0%Added
Ci Investments Inc.8,489$2.55M0.01%−114−1.3%Reduced
Boston Family Office LLC8,473$2.54M0.16%00.0%Unchanged
HM Payson & Co8,451$2.54M0.04%00.0%Unchanged
Lido Advisors, LLC8,392$2.52M0.01%+1,516+22.0%Added
Nicholas Hoffman & Company, LLC.8,361$2.51M0.06%−1,072−11.4%Reduced
Jennison Associates LLC8,359$2.51M0.00%−491−5.5%Reduced
Tower Bridge Advisors8,338$2.50M0.25%−30.0%Reduced
Romano Brothers and Company8,311$2.50M0.29%00.0%Unchanged
Argent Trust Co8,283$2.49M0.09%−1,117−11.9%Reduced
Ascent Group, LLC8,280$2.49M0.09%+2,908+54.1%Added
Jacobi Capital Management LLC8,265$2.48M0.15%+72+0.9%Added
Stratos Wealth Partners, LTD.8,225$2.47M0.03%+2,310+39.1%Added
Daymark Wealth Partners, LLC8,205$2.46M0.08%−1,252−13.2%Reduced
Empirical Finance, LLC8,188$2.46M0.12%+58+0.7%Added
Omers Administration Corp8,119$2.44M0.02%00.0%Unchanged
Home Federal Bank of Tennessee8,092$2.43M0.65%−85−1.0%Reduced
CAPROCK Group, Inc.8,679$2.43M0.06%+8,679New
Wolverine Asset Management LLC8,050$2.42M0.04%+8,050New
Partnership Wealth Management, LLC8,035$2.41M1.86%00.0%Unchanged
Nilsine Partners, LLC7,958$2.39M0.21%+68+0.9%Added
Fruth Investment Management7,958$2.39M0.65%−500−5.9%Reduced
Allstate Corp7,944$2.39M0.05%+7,944New
Headlands Technologies LLC7,938$2.38M0.19%+7,938New
HighPoint Advisor Group LLC7,863$2.36M0.11%+28+0.4%Added
Diametric Capital, LP7,781$2.34M0.87%+7,781New
TD Waterhouse Canada Inc.7,802$2.33M0.02%−6,020−43.6%Reduced
Yukon Wealth Management, Inc.7,750$2.33M0.76%+46+0.6%Added
Inlet Private Wealth, LLC7,700$2.31M0.52%00.0%Unchanged
Modera Wealth Management, LLC7,647$2.30M0.03%−15−0.2%Reduced
Independent Advisor Alliance7,646$2.30M0.06%−59−0.8%Reduced
Vident Advisory, LLC7,619$2.29M0.02%+1,534+25.2%Added
AG2R la Mondiale Gestion D'Actifs8,922$2.28M0.12%00.0%Unchanged
Metis Global Partners, LLC7,601$2.28M0.05%−480−5.9%Reduced
Patten Group, Inc.7,600$2.28M0.44%−184−2.4%Reduced
Zurich Insurance Group Ltd7,600$2.28M0.02%+7,600New
IHT Wealth Management, LLC7,573$2.27M0.06%+43+0.6%Added
Oddo BHF Asset Management SAS7,500$2.25M0.09%+7,500New
Phoenix Holdings Ltd.7,489$2.25M0.03%−572,860−98.7%Reduced
Tokio Marine Asset Management Co Ltd7,480$2.25M0.08%+332+4.6%Added
Hutner Capital Management Inc7,454$2.24M0.95%+110+1.5%Added
First Commonwealth Financial Corp7,449$2.24M0.37%+124+1.7%Added
Valeo Financial Advisors, LLC7,435$2.23M0.05%−180−2.4%Reduced
Cache Advisors, LLC7,409$2.23M0.39%00.0%Unchanged
Catalytic Wealth RIA, LLC7,367$2.21M0.07%+2,926+65.9%Added
Keel Point, LLC7,350$2.21M0.14%−18−0.2%Reduced
Cape Cod Five Cents Savings Bank8,878$2.21M0.20%00.0%Unchanged
Park National Corp7,324$2.20M0.07%00.0%Unchanged
Colonial Trust Advisors7,302$2.19M0.17%−2,251−23.6%Reduced
Prospera Financial Services Inc7,221$2.17M0.04%−33−0.5%Reduced
Intech Investment Management LLC7,218$2.17M0.02%+769+11.9%Added
Quest Partners LLC7,206$2.16M0.14%+7,206New
Ritholtz Wealth Management7,205$2.16M0.04%+317+4.6%Added
Pflug Koory, LLC7,159$2.15M1.02%00.0%Unchanged
Northwestern Mutual Investment Management Company, LLC7,152$2.15M0.03%−40−0.6%Reduced
Banque Cantonale Vaudoise7,095$2.13M0.08%+2,695+61.3%Added
Blue Chip Partners, Inc.7,096$2.13M0.16%+153+2.2%Added
Wesbanco Bank Inc7,084$2.13M0.06%−123−1.7%Reduced
RMB Capital Management, LLC7,038$2.11M0.04%−1,763−20.0%Reduced
Coldstream Capital Management Inc7,021$2.11M0.03%+542+8.4%Added
Applied Finance Capital Management, LLC7,015$2.11M0.15%−895−11.3%Reduced
Burney Co7,000$2.10M0.07%−17−0.2%Reduced
Alps Advisors Inc6,928$2.08M0.01%+5,379+347.3%Added
Dynasty Wealth Management, LLC6,857$2.06M0.03%+691+11.2%Added
SRS Capital Advisors, Inc.6,798$2.04M0.03%+4,994+276.8%Added
Davis R M Inc6,728$2.02M0.04%00.0%Unchanged
EFG Asset Management (Americas) Corp.6,711$2.02M0.35%−395−5.6%Reduced
Sig Brokerage, LP6,702$2.01M0.51%+6,702New
ZWJ Investment Counsel Inc6,691$2.01M0.07%+477+7.7%Added
Greenleaf Trust6,581$1.98M0.02%−293−4.3%Reduced
Banco Bilbao Vizcaya Argentaria, S.A.6,571$1.97M0.02%+1,777+37.1%Added
Harold Davidson & Associates Inc.6,535$1.96M0.89%+2,202+50.8%Added
Caldwell Trust Co6,525$1.96M0.18%−168−2.5%Reduced
Family Investment Center, Inc.6,500$1.95M0.41%00.0%Unchanged
Whitener Capital Management, Inc.6,492$1.95M0.47%−50−0.8%Reduced