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Livermore
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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, 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.

Institutional holdersQ4 2025: 1,852 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 heldQ4 2025: $49.8B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q3 2025.

Institutions holding NSC in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Global Wealth Strategies & Associates0$1300.00%−12−100.0%Reduced
POM Investment Strategies, LLC1$2430.00%+1New
Triumph Capital Management1$2890.00%+1New
Murphy & Mullick Capital Management Corp1$2890.00%+1New
Whipplewood Advisors, LLC1$2890.00%+1New
NorthAvenue LLC1$2890.00%+1New
Rakuten Securities, Inc.2$5770.00%−1−33.3%Reduced
IMA Wealth, Inc.2$5770.00%00.0%Unchanged
Davis Capital Management2$5770.00%00.0%Unchanged
Chilton Capital Management LLC2$5780.00%+2New
E Fund Management (Hong Kong) Co., Ltd.2$5830.00%00.0%Unchanged
USA Financial Portformulas Corp3$8660.00%+3New
Signature Resources Capital Management, LLC3$8660.00%+3New
Arcadia Investment Management Corp3$8670.00%+3New
Delos Wealth Advisors, LLC4$1.16K0.00%00.0%Unchanged
ZRC Wealth Management, LLC4$1.16K0.00%00.0%Unchanged
Optima Capital LLC4$1.16K0.00%+4New
Key Capital Management, INC4$1.16K0.00%+4New
Wolff Wiese Magana LLC5$1.44K0.00%00.0%Unchanged
Mascoma Wealth Management LLC6$1.73K0.00%+6New
1015 Capital Partners, LLC6$1.73K0.00%+6New
HFM Investment Advisors, LLC6$1.73K0.00%00.0%Unchanged
Richardson Financial Services Inc.183$1.80K0.00%+5+2.8%Added
S&T Bank7$2.02K0.00%00.0%Unchanged
Wealth Watch Advisors, INC7$2.02K0.00%00.0%Unchanged
Kennebec Savings Bank7$2.02K0.00%00.0%Unchanged
Aviso Financial Inc.7$2.02K0.00%00.0%Unchanged
IMG Wealth Management, Inc.7$2.02K0.00%+3+75.0%Added
Breakwater Investment Management7$2.02K0.00%00.0%Unchanged
Caitlin John, LLC8$2.17K0.00%+1+14.3%Added
Core Alternative Capital8$2.25K0.00%−9−52.9%Reduced
Anfield Capital Management, LLC8$2.31K0.00%00.0%Unchanged
Hughes Financial Services, LLC8$2.31K0.00%00.0%Unchanged
Investors Portfolio Services LLC9$2.48K0.00%+9New
NVWM, LLC9$2.60K0.00%+1+12.5%Added
Principia Wealth Advisory, LLC9$2.60K0.00%+1+12.5%Added
McGuire Capital Advisors Inc9$2.60K0.00%+9New
High Note Wealth, LLC10$2.89K0.00%−7−41.2%Reduced
Raffa Wealth Management, LLC11$3.18K0.00%00.0%Unchanged
Rialto Wealth Management, LLC11$3.18K0.00%+2+22.2%Added
Burkett Financial Services, LLC11$3.24K0.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.12$3.46K0.00%00.0%Unchanged
Networth Advisors, LLC12$3.46K0.00%+12New
Kayne Anderson Rudnick Investment Management LLC12$3.72K0.00%+2+20.0%Added
Monetary Solutions, Ltd13$3.75K0.00%+13New
Winnow Wealth LLC13$3.76K0.00%+5+62.5%Added
Bare Financial Services, Inc14$4.04K0.00%−2−12.5%Reduced
United Financial Planning Group LLC15$4.33K0.00%+15New
Penserra Capital Management LLC18$5.00K0.00%00.0%Unchanged
TFC Financial Management18$5.21K0.00%00.0%Unchanged
Golden State Wealth Management, LLC18$5.22K0.00%−159−89.8%Reduced
Legacy Bridge, LLC19$5.49K0.00%+19New
Gleason Group, Inc.20$5.75K0.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd20$5.77K0.00%00.0%Unchanged
Boreal Capital Management LLC20$5.77K0.00%00.0%Unchanged
Bay Harbor Wealth Management, LLC20$5.77K0.00%+7+53.8%Added
Marquette Asset Management, LLC20$5.78K0.00%−3−13.0%Reduced
Arlington Trust Co LLC23$6.64K0.00%−1,177−98.1%Reduced
Cetera Trust Company, N.A23$6.64K0.00%00.0%Unchanged
Fortitude Family Office, LLC23$6.64K0.00%+6+35.3%Added
DT Investment Partners, LLC24$6.93K0.00%00.0%Unchanged
Y.D. More Investments Ltd7,846$7.10K0.00%+7,846New
Byrne Asset Management LLC25$7.22K0.00%00.0%Unchanged
Aventus Investment Advisors, Inc.25$7.22K0.01%00.0%Unchanged
Cornerstone Financial Management LLC27$7.79K0.01%+27New
Kilter Group LLC29$8.37K0.00%−4−12.1%Reduced
MJT & Associates Financial Advisory Group, Inc.29$8.37K0.01%00.0%Unchanged
GPS Wealth Strategies Group, LLC34$9.90K0.01%−258−88.4%Reduced
Coston, McIsaac & Partners34$10.0K0.00%00.0%Unchanged
Eukles Asset Management35$10.1K0.00%00.0%Unchanged
Aspect Partners, LLC35$10.1K0.00%+3+9.4%Added
Sachetta, LLC38$11.0K0.01%−16−29.6%Reduced
Truvestments Capital LLC40$11.5K0.00%00.0%Unchanged
Bank Julius Baer & Co. Ltd, Zurich41$11.8K0.00%+41New
Avion Wealth45$12.0K0.00%−2−4.3%Reduced
Consultiva Wealth Management, Corp.42$12.1K0.03%00.0%Unchanged
Ankerstar Wealth, LLC42$12.1K0.01%+42New
Activest Wealth Management43$12.4K0.00%−24−35.8%Reduced
Wealth Enhancement Trust Services, Inc.43$12.4K0.00%+43New
City State Bank44$12.7K0.00%00.0%Unchanged
Dogwood Wealth Management LLC47$13.6K0.01%+8+20.5%Added
Howard Hughes Medical Institute48$13.9K0.01%00.0%Unchanged
Strategic Wealth Partners, Ltd.48$13.9K0.00%00.0%Unchanged
CBIZ Investment Advisory Services, LLC48$13.9K0.00%00.0%Unchanged
Robinswood Financial LLC50$14.4K0.00%−50−50.0%Reduced
First Community Trust NA50$14.4K0.01%00.0%Unchanged
Arvest Investments, Inc.50$14.4K0.00%00.0%Unchanged
Signature Equity Partners, LLC52$15.0K0.01%+52New
Sfam, LLC54$15.6K0.01%+54New
Retirement Wealth Solutions LLC55$15.9K0.01%00.0%Unchanged
Country Trust Bank60$17.3K0.00%00.0%Unchanged
Bell Investment Advisors, Inc61$17.6K0.00%−2−3.2%Reduced
Financial Network Wealth Advisors LLC64$18.5K0.02%+19+42.2%Added
New Age Alpha Advisors, LLC64$18.5K0.00%+64New
Morse Asset Management, Inc65$18.8K0.00%00.0%Unchanged
MidFirst Bank66$19.1K0.00%+66New
NCP Inc.68$19.6K0.02%+68New
Innovative Advisory Group, LLC70$20.2K0.01%00.0%Unchanged
Canton Hathaway, LLC70$20.2K0.00%00.0%Unchanged
Private Wealth Management Group, LLC70$20.2K0.01%−5−6.7%Reduced