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, Q4 2025
Institutional positions in Norfolk Southern Corp as of Dec 31, 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
- 1,852
- +92 vs. Q3 2025
- Shares held
- 172.7M
- +3.99M (+2.4%) vs. Q3 2025
- Total value
- $49.8B
- −$822.1M (−1.6%) vs. Q3 2025
- New holders
- 190
- 584 more added
- Sold out
- 98
- 634 more reduced
41 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1,869 | $53.6B |
| Q1 2026 | 1,841 | $48.2B |
| Q4 2025 | 1,852 | $49.8B |
| Q3 2025 | 1,801 | $50.8B |
| Q2 2025 | 1,693 | $45.1B |
| Q1 2025 | 1,656 | $41.2B |
| Q4 2024 | 1,686 | $41.0B |
| Q3 2024 | 1,612 | $42.4B |
| Q2 2024 | 1,565 | $36.7B |
| Q1 2024 | 1,628 | $43.1B |
| Q4 2023 | 1,585 | $40.1B |
| Q3 2023 | 1,444 | $33.1B |
| Q2 2023 | 1,529 | $37.9B |
| Q1 2023 | 1,500 | $35.4B |
| Q4 2022 | 1,590 | $41.8B |
| Q3 2022 | 1,501 | $36.1B |
| Q2 2022 | 1,543 | $39.6B |
| Q1 2022 | 1,646 | $50.2B |
| Q4 2021 | 1,644 | $52.7B |
| Q3 2021 | 1,494 | $42.6B |
| Q2 2021 | 1,546 | $48.1B |
| Q1 2021 | 1,514 | $49.7B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 20,825,837 | $6.01B | 0.09% | +272,651+1.3% | Added |
| BlackRock, Inc. | 14,905,794 | $4.30B | 0.07% | −46,492−0.3% | Reduced |
| State Street Corp | 9,710,549 | $2.80B | 0.09% | +379,819+4.1% | Added |
| Dodge & Cox | 9,623,885 | $2.78B | 1.50% | −1,250,364−11.5% | Reduced |
| Geode Capital Management, LLC | 4,878,029 | $1.40B | 0.09% | +36,205+0.7% | Added |
| Millennium Management LLC | 4,150,431 | $1.20B | 0.86% | +1,505,916+56.9% | Added |
| Norges Bank | 3,756,930 | $1.08B | 0.12% | +3,756,930 | New |
| Bank of America Corp | 3,228,718 | $932.2M | 0.07% | −59,280−1.8% | Reduced |
| Pentwater Capital Management LP | 3,019,000 | $871.6M | 6.31% | +269,000+9.8% | Added |
| Price T Rowe Associates Inc | 2,778,515 | $802.2M | 0.09% | −1,061,631−27.6% | Reduced |
| Northern Trust Corp | 2,692,363 | $777.3M | 0.10% | −52,309−1.9% | Reduced |
| Morgan Stanley | 2,629,990 | $759.3M | 0.05% | +148,201+6.0% | Added |
| JPMorgan Chase & Co | 2,558,536 | $738.7M | 0.05% | −2,308,371−47.4% | Reduced |
| Citadel Advisors LLC | 2,538,641 | $733.0M | 0.50% | +565,364+28.7% | Added |
| D. E. Shaw & Co., Inc. | 2,278,400 | $657.8M | 0.50% | +1,825,612+403.2% | Added |
| Dimensional Fund Advisors LP | 2,213,431 | $639.1M | 0.13% | +33,821+1.6% | Added |
| HBK Investments L P | 2,130,000 | $615.0M | 6.66% | +860,000+67.7% | Added |
| American Century Companies Inc | 2,028,929 | $585.8M | 0.29% | −125,886−5.8% | Reduced |
| London Co of Virginia | 1,810,853 | $522.8M | 3.02% | +5,729+0.3% | Added |
| FMR LLC | 1,799,834 | $519.6M | 0.03% | −1,412,197−44.0% | Reduced |
| Amundi | 1,792,811 | $517.6M | 0.14% | +770,581+75.4% | Added |
| Capital World Investors | 1,747,507 | $504.5M | 0.07% | +109,498+6.7% | Added |
| Legal & General Group Plc | 1,734,884 | $500.9M | 0.11% | −9,190−0.5% | Reduced |
| Balyasny Asset Management LLC | 1,670,260 | $482.2M | 0.90% | +572,996+52.2% | Added |
| Goldman Sachs Group Inc | 1,642,428 | $474.2M | 0.07% | −404,020−19.7% | Reduced |
| Invesco Ltd. | 1,556,496 | $449.4M | 0.04% | −166,700−9.7% | Reduced |
| Arrowstreet Capital, Limited Partnership | 1,465,985 | $423.3M | 0.25% | +213,420+17.0% | Added |
| Charles Schwab Investment Management Inc | 1,450,159 | $418.7M | 0.07% | +13,989+1.0% | Added |
| Bank of New York Mellon Corp | 1,310,516 | $378.4M | 0.07% | −337,265−20.5% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 1,181,176 | $340.8M | 0.51% | +48,675+4.3% | Added |
| UBS Asset Management Americas Inc | 1,162,396 | $335.6M | 0.07% | −143,807−11.0% | Reduced |
| Fisher Asset Management, LLC | 1,140,990 | $329.4M | 0.11% | +7,361+0.6% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 1,082,355 | $312.5M | 0.27% | +20,366+1.9% | Added |
| Wells Fargo & Company | 1,075,994 | $310.7M | 0.06% | −32,527−2.9% | Reduced |
| UBS Group AG | 1,052,360 | $303.8M | 0.06% | −1,019,977−49.2% | Reduced |
| Primecap Management Co | 1,002,183 | $289.4M | 0.22% | −130,400−11.5% | Reduced |
| Third Point LLCSuperinvestorThird Point | 975,000 | $281.5M | 3.87% | −675,000−40.9% | Reduced |
| Squarepoint Ops LLC | 837,154 | $241.7M | 0.49% | +541,387+183.0% | Added |
| Adage Capital Partners GP, L.L.C. | 798,093 | $230.4M | 0.35% | +275,236+52.6% | Added |
| Hotchkis & Wiley Capital Management LLC | 770,668 | $222.5M | 0.67% | +6,205+0.8% | Added |
| Cohen & Steers, Inc. | 723,068 | $208.8M | 0.38% | +3,179+0.4% | Added |
| Royal Bank of Canada | 709,652 | $204.9M | 0.04% | −572,701−44.7% | Reduced |
| Deutsche Bank AG | 692,099 | $199.8M | 0.07% | −58,178−7.8% | Reduced |
| FIL Ltd | 666,915 | $192.6M | 0.14% | −265,688−28.5% | Reduced |
| Canada Pension Plan Investment Board | 643,253 | $185.7M | 0.12% | +323,171+101.0% | Added |
| Toronto Dominion Bank | 630,624 | $182.1M | 0.32% | +476,913+310.3% | Added |
| Swiss National Bank | 614,440 | $177.4M | 0.11% | −35,460−5.5% | Reduced |
| Neuberger Berman Group LLC | 602,648 | $174.0M | 0.13% | +33,524+5.9% | Added |
| Cincinnati Financial Corp | 587,687 | $169.7M | 3.31% | 00.0% | Unchanged |
| Verition Fund Management LLC | 586,143 | $169.2M | 0.91% | +178,830+43.9% | Added |
| National Pension Service | 561,647 | $162.2M | 0.12% | −19,614−3.4% | Reduced |
| Alliancebernstein L.P. | 554,231 | $160.0M | 0.05% | +64,128+13.1% | Added |
| Eurizon Capital SGR S.p.A. | 548,450 | $158.5M | 0.49% | +548,450 | New |
| Sumitomo Mitsui Trust Holdings, Inc. | 524,668 | $151.5M | 0.09% | −24,360−4.4% | Reduced |
| Sculptor Capital LP | 508,000 | $146.7M | 1.75% | 00.0% | Unchanged |
| Nuveen, LLC | 499,235 | $144.1M | 0.04% | −38,733−7.2% | Reduced |
| Omni Event Management Ltd | 491,015 | $141.8M | 10.95% | +162,052+49.3% | Added |
| Alpine Associates Management Inc. | 468,155 | $135.2M | 9.10% | −34,455−6.9% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 467,820 | $134.6M | 0.09% | −18,342−3.8% | Reduced |
| Citigroup Inc | 457,652 | $132.1M | 0.09% | +197,155+75.7% | Added |
| Standard Life Aberdeen plc | 455,742 | $131.6M | 0.20% | +8,186+1.8% | Added |
| Davenport & Co LLC | 451,941 | $130.6M | 0.71% | +6,018+1.3% | Added |
| Barclays PLC | 444,677 | $128.4M | 0.05% | +55,060+14.1% | Added |
| Sona Asset Management (US) LLC | 444,247 | $128.3M | 4.16% | +254,967+134.7% | Added |
| Rhumbline Advisers | 423,855 | $122.4M | 0.10% | −13,928−3.2% | Reduced |
| California Public Employees Retirement System | 414,136 | $119.6M | 0.07% | +26,646+6.9% | Added |
| Tudor Investment Corp Et Al | 399,788 | $115.4M | 0.63% | +132,094+49.3% | Added |
| Westchester Capital Management, LLC | 387,596 | $111.9M | 5.26% | +256,771+196.3% | Added |
| HSBC Holdings PLC | 374,967 | $108.3M | 0.06% | +10,731+2.9% | Added |
| Raymond James Financial Inc | 368,271 | $106.3M | 0.03% | −6,344−1.7% | Reduced |
| The PNC Financial Services Group, Inc. | 361,908 | $104.5M | 0.06% | −8,088−2.2% | Reduced |
| Envestnet Asset Management Inc | 361,023 | $104.2M | 0.03% | −25,067−6.5% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 360,485 | $104.1M | 0.53% | −1,682−0.5% | Reduced |
| Laurion Capital Management LP | 351,648 | $101.5M | 6.93% | +49,949+16.6% | Added |
| Magnetar Financial LLC | 343,984 | $99.3M | 0.98% | −14,346−4.0% | Reduced |
| CNH Partners LLC | 342,479 | $98.9M | 2.08% | +146,160+74.5% | Added |
| Bank of Nova Scotia | 339,507 | $98.0M | 0.15% | +168,590+98.6% | Added |
| Hudson Bay Capital Management LP | 335,320 | $96.8M | 0.56% | +183,857+121.4% | Added |
| California State Teachers Retirement System | 321,242 | $92.7M | 0.09% | −14,463−4.3% | Reduced |
| LMR Partners LLP | 308,080 | $88.9M | 0.85% | +117,201+61.4% | Added |
| Ameriprise Financial Inc | 304,010 | $87.8M | 0.02% | −102,135−25.1% | Reduced |
| Capitolis Liquid Global Markets LLC | 288,900 | $83.4M | 0.50% | +288,900 | New |
| HighTower Advisors, LLC | 282,091 | $81.4M | 0.09% | +1,438+0.5% | Added |
| LPL Financial LLC | 275,614 | $79.6M | 0.02% | +544+0.2% | Added |
| Markel Group Inc.SuperinvestorMarkel Group | 273,500 | $79.0M | 0.63% | +17,000+6.6% | Added |
| Franklin Resources Inc | 273,254 | $78.9M | 0.02% | −85,779−23.9% | Reduced |
| Principal Financial Group Inc | 270,326 | $78.0M | 0.04% | +20,140+8.1% | Added |
| BNP Paribas Arbitrage, SA | 266,051 | $76.8M | 0.05% | +37,034+16.2% | Added |
| Clearstead Advisors, LLC | 264,937 | $76.5M | 0.97% | −14,193−5.1% | Reduced |
| Cincinnati Insurance Co | 264,400 | $76.3M | 1.17% | 00.0% | Unchanged |
| Jane Street Group, LLC | 261,369 | $75.5M | 0.09% | +21,332+8.9% | Added |
| Natixis | 247,855 | $71.6M | 0.28% | +114,256+85.5% | Added |
| New York State Common Retirement Fund | 240,920 | $69.6M | 0.09% | −4,100−1.7% | Reduced |
| Assenagon Asset Management S.A. | 234,179 | $67.6M | 0.10% | −718,365−75.4% | Reduced |
| Marshall Wace, LLP | 229,833 | $66.4M | 0.06% | +70,102+43.9% | Added |
| Magellan Asset Management Ltd | 229,244 | $66.2M | 0.80% | −23,604−9.3% | Reduced |
| Truist Financial Corp | 225,411 | $65.1M | 0.09% | +6,629+3.0% | Added |
| TIG Advisors, LLC | 219,723 | $63.4M | 3.06% | +13,112+6.3% | Added |
| Bank of Montreal | 216,107 | $62.4M | 0.03% | −97,727−31.1% | Reduced |
| Calamos Advisors LLC | 212,722 | $61.4M | 0.25% | −1,552−0.7% | Reduced |