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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
We Are One Seven, LLC4,851$1.46M0.03%+517+11.9%Added
Legacy Advisors, LLC4,850$1.46M0.18%+4,850New
Taylor Hoffman Capital Management LLC4,796$1.44M0.45%00.0%Unchanged
Miracle Mile Advisors, LLC4,786$1.44M0.02%+2,184+83.9%Added
CoreFirst Bank & Trust4,785$1.44M0.78%−100−2.0%Reduced
Tower Trust & Investment Co4,754$1.43M0.96%−91−1.9%Reduced
Arkadios Wealth Advisors4,702$1.41M0.03%+369+8.5%Added
Certified Advisory Corp4,687$1.41M0.13%+21+0.5%Added
Private Wealth Asset Management, LLC4,666$1.40M0.17%−14−0.3%Reduced
Engineers Gate Manager LP4,621$1.39M0.02%+2,875+164.7%Added
Crestwood Advisors Group LLC4,613$1.39M0.02%+105+2.3%Added
Anchor Capital Advisors LLC4,605$1.38M0.04%−125,730−96.5%Reduced
Private Trust Co NA4,603$1.38M0.12%−94−2.0%Reduced
Chemistry Wealth Management LLC4,594$1.38M0.27%−14−0.3%Reduced
Principal Securities, Inc.4,590$1.38M0.02%−7−0.2%Reduced
Sym Financial Corp4,584$1.38M0.15%+9+0.2%Added
David Loasby4,651$1.38M0.11%−377−7.5%Reduced
Marshall & Sterling Wealth Advisors Inc.4,543$1.36M0.87%−277−5.7%Reduced
Smartleaf Asset Management LLC4,545$1.36M0.08%+772+20.5%Added
Machina Capital S.A.S.4,533$1.36M0.24%+4,533New
Country Club Bank4,536$1.36M0.08%−122−2.6%Reduced
DF Dent & Co Inc4,521$1.36M0.02%−209−4.4%Reduced
Essex Financial Services, Inc.4,520$1.36M0.08%−99−2.1%Reduced
Capital International Sarl4,497$1.35M0.02%00.0%Unchanged
Univest Financial Corp4,492$1.35M0.08%00.0%Unchanged
Meiji Yasuda Asset Management Co Ltd.4,487$1.35M0.06%00.0%Unchanged
Carret Asset Management, LLC4,474$1.34M0.13%00.0%Unchanged
Sagespring Wealth Partners, LLC4,471$1.34M0.03%+73+1.7%Added
Bailard, Inc.4,462$1.34M0.03%+235+5.6%Added
Capital Square, LLC4,450$1.34M0.68%−81−1.8%Reduced
Mission Wealth Management, LP4,451$1.34M0.03%−398−8.2%Reduced
Texas Bank & Trust Co4,449$1.34M0.51%+49+1.1%Added
Krilogy Financial LLC4,754$1.33M0.05%+4,754New
Moneta Group Investment Advisors LLC4,422$1.33M0.01%−12−0.3%Reduced
Pinnacle Financial Partners Inc4,421$1.33M0.03%+222+5.3%Added
Lavaca Capital LLC4,417$1.33M0.24%00.0%Unchanged
Goelzer Investment Management, Inc.4,416$1.33M0.07%00.0%Unchanged
Heritage Wealth Advisors4,384$1.32M0.06%+10.0%Added
Pine Valley Investments Ltd Liability Co4,377$1.32M0.07%−76−1.7%Reduced
Farther Finance Advisors, LLC4,371$1.31M0.02%−1,207−21.6%Reduced
Independence Bank of Kentucky4,329$1.30M0.17%−1,945−31.0%Reduced
Personal Cfo Solutions, LLC4,328$1.30M0.23%−54−1.2%Reduced
River Street Advisors LLC4,320$1.30M0.50%+186+4.5%Added
Founders Grove Wealth Partners, LLC4,315$1.30M0.30%−65−1.5%Reduced
Venture Visionary Partners LLC4,309$1.29M0.04%00.0%Unchanged
Siemens Fonds Invest GmbH4,309$1.29M0.07%+3+0.1%Added
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors4,302$1.29M0.07%−33−0.8%Reduced
WBH Advisory Inc4,295$1.29M0.10%+10.0%Added
MUFG Securities EMEA plc4,294$1.29M0.03%−35,373−89.2%Reduced
Federated Hermes, Inc.4,290$1.29M0.00%+3,451+411.3%Added
DRW Securities, LLC4,278$1.29M0.07%+3,279+328.2%Added
St Germain D J Co Inc4,284$1.29M0.05%−160−3.6%Reduced
DAGCO, Inc.4,278$1.29M0.32%−50−1.2%Reduced
Schnieders Capital Management, LLC.4,275$1.28M0.23%+4,275New
AMG National Trust Bank4,264$1.28M0.03%+10+0.2%Added
Graham Capital Management, L.P.4,250$1.28M0.05%−2,050−32.5%Reduced
First PREMIER Bank4,208$1.26M0.29%00.0%Unchanged
Voleon Capital Management LP4,205$1.26M0.03%−8,024−65.6%Reduced
Chicago Partners Investment Group LLC4,503$1.26M0.03%+69+1.6%Added
Trueblood Wealth Management, LLC4,192$1.26M0.49%−25−0.6%Reduced
Capital International Inc4,149$1.25M0.01%−77−1.8%Reduced
Dark Forest Capital Management LP4,112$1.24M0.05%+4,112New
National Asset Management, Inc.4,100$1.23M0.06%−765−15.7%Reduced
St. Clair Advisors, LLC4,097$1.23M0.33%00.0%Unchanged
Raiffeisen Bank International AG4,080$1.22M0.02%+1,673+69.5%Added
Ridgecrest Wealth Partners, LLC4,060$1.22M0.55%00.0%Unchanged
Werlinich Asset Management, LLC4,059$1.22M0.61%00.0%Unchanged
Parallel Advisors, LLC4,040$1.21M0.02%+43+1.1%Added
Pinnacle West Asset Management, Inc.4,035$1.21M0.78%00.0%Unchanged
Wendell David Associates Inc4,025$1.21M0.12%00.0%Unchanged
Spirepoint Private Client, LLC4,020$1.21M0.13%+100+2.6%Added
Pullen Investment Management, LLC3,993$1.20M0.65%+14+0.4%Added
Salem Investment Counselors Inc3,970$1.19M0.03%−275−6.5%Reduced
Aldebaran Financial Inc.3,968$1.19M1.19%−200−4.8%Reduced
Delaney Dennis R3,953$1.19M0.59%00.0%Unchanged
New Hampshire Trust3,941$1.18M0.23%00.0%Unchanged
Saturna Capital CORP3,940$1.18M0.02%−95−2.4%Reduced
Fifth Third Wealth Advisors LLC3,920$1.18M0.04%−11−0.3%Reduced
Lazard Asset Management LLC3,911$1.17M0.00%−3,285,520−99.9%Reduced
VeraBank, N.A.3,905$1.17M0.22%00.0%Unchanged
Pathway Financial Advisers, LLC3,931$1.17M0.34%+2+0.1%Added
Fayez Sarofim & Co3,898$1.17M0.00%−177−4.3%Reduced
Probity Advisors, Inc.3,877$1.16M0.19%−226−5.5%Reduced
Wedmont Private Capital3,888$1.15M0.04%+205+5.6%Added
Washington Capital Management Inc3,825$1.15M0.82%−155−3.9%Reduced
Guyasuta Investment Advisors Inc3,824$1.15M0.07%00.0%Unchanged
Fulton Bank, N.A.3,822$1.15M0.04%−1,951−33.8%Reduced
Foundations Investment Advisors, LLC3,817$1.15M0.02%−643−14.4%Reduced
Paradigm Asset Management Co LLC3,800$1.14M0.26%00.0%Unchanged
HORAN Wealth, LLC3,798$1.14M0.18%+1,746+85.1%Added
Envestnet Portfolio Solutions, Inc.3,775$1.13M0.00%−1,484−28.2%Reduced
Chicago Trust Co NA3,771$1.13M0.16%−42−1.1%Reduced
Broderick Brian C3,750$1.13M0.21%00.0%Unchanged
Aventura Private Wealth, LLC3,728$1.12M0.41%−25−0.7%Reduced
American Money Management, LLC3,722$1.12M0.19%−17−0.5%Reduced
Firestone Capital Management3,715$1.12M0.24%00.0%Unchanged
Syon Capital LLC3,711$1.11M0.06%+664+21.8%Added
Wealthcare Advisory Partners LLC3,710$1.11M0.02%+1,147+44.8%Added
North Star Asset Management Inc3,704$1.11M0.05%+244+7.1%Added
Navellier & Associates Inc3,700$1.11M0.11%00.0%Unchanged