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 | 1,592 | $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 |
|---|---|---|---|---|---|
| St Germain D J Co Inc | 4,284 | $1.24M | 0.05% | 00.0% | Unchanged |
| Lazard Asset Management LLC | 4,305 | $1.24M | 0.00% | +394+10.1% | Added |
| Nicolet Bankshares Inc | 4,322 | $1.25M | 0.20% | −1,937−30.9% | Reduced |
| Capital Square, LLC | 4,331 | $1.25M | 0.64% | −119−2.7% | Reduced |
| Founders Grove Wealth Partners, LLC | 4,339 | $1.25M | 0.28% | +24+0.6% | Added |
| King Luther Capital Management Corp | 4,352 | $1.26M | 0.01% | −832−16.0% | Reduced |
| Marshall & Sterling Wealth Advisors Inc. | 4,361 | $1.26M | 0.83% | −182−4.0% | Reduced |
| Texas Bank & Trust Co | 4,368 | $1.26M | 0.46% | −81−1.8% | Reduced |
| Pine Valley Investments Ltd Liability Co | 4,380 | $1.26M | 0.06% | +3+0.1% | Added |
| Heritage Wealth Advisors | 4,384 | $1.27M | 0.05% | 00.0% | Unchanged |
| Lavaca Capital LLC | 4,417 | $1.28M | 0.22% | 00.0% | Unchanged |
| River Street Advisors LLC | 4,419 | $1.28M | 0.48% | +99+2.3% | Added |
| First National Bank of Omaha | 4,421 | $1.28M | 0.04% | +4,421 | New |
| Meiji Yasuda Asset Management Co Ltd. | 4,443 | $1.28M | 0.06% | −44−1.0% | Reduced |
| Bailard, Inc. | 4,473 | $1.29M | 0.03% | +11+0.2% | Added |
| Carret Asset Management, LLC | 4,474 | $1.29M | 0.12% | 00.0% | Unchanged |
| Chicago Partners Investment Group LLC | 4,508 | $1.30M | 0.03% | +5+0.1% | Added |
| Univest Financial Corp | 4,494 | $1.30M | 0.07% | +20.0% | Added |
| Indivisible Partners | 4,495 | $1.30M | 0.14% | +4,495 | New |
| Sargent Investment Group, LLC | 4,508 | $1.30M | 0.16% | +4,508 | New |
| DF Dent & Co Inc | 4,521 | $1.31M | 0.02% | 00.0% | Unchanged |
| Erste Asset Management GmbH | 4,504 | $1.32M | 0.01% | +2,779+161.1% | Added |
| American Money Management, LLC | 4,559 | $1.32M | 0.21% | +837+22.5% | Added |
| Union Savings Bank | 4,578 | $1.32M | 0.57% | +4,578 | New |
| Sym Financial Corp | 4,580 | $1.32M | 0.14% | −4−0.1% | Reduced |
| Private Trust Co NA | 4,602 | $1.33M | 0.12% | −10.0% | Reduced |
| Sagespring Wealth Partners, LLC | 4,633 | $1.34M | 0.02% | +162+3.6% | Added |
| Virtue Asset Management LLC | 4,652 | $1.34M | 1.07% | −229−4.7% | Reduced |
| Essex Financial Services, Inc. | 4,661 | $1.35M | 0.08% | +141+3.1% | Added |
| Scotia Capital Inc. | 4,673 | $1.35M | 0.01% | −341−6.8% | Reduced |
| Mission Wealth Management, LP | 4,683 | $1.35M | 0.03% | +232+5.2% | Added |
| Private Wealth Asset Management, LLC | 4,708 | $1.36M | 0.15% | +42+0.9% | Added |
| Certified Advisory Corp | 4,708 | $1.36M | 0.12% | +21+0.4% | Added |
| Krilogy Financial LLC | 4,754 | $1.37M | 0.05% | 00.0% | Unchanged |
| Miracle Mile Advisors, LLC | 4,787 | $1.38M | 0.02% | +10.0% | Added |
| Radnor Capital Management, LLC | 4,790 | $1.38M | 0.21% | −375−7.3% | Reduced |
| Capital International Sarl | 4,803 | $1.39M | 0.02% | +306+6.8% | Added |
| Taylor Hoffman Capital Management LLC | 4,811 | $1.39M | 0.42% | +15+0.3% | Added |
| Iowa State Bank | 4,821 | $1.39M | 0.26% | −104−2.1% | Reduced |
| Mayfair Advisory Group, LLC | 4,868 | $1.40M | 0.54% | 00.0% | Unchanged |
| Sound View Wealth Advisors Group, LLC | 4,865 | $1.40M | 0.09% | −25−0.5% | Reduced |
| Crestwood Advisors Group LLC | 4,890 | $1.41M | 0.02% | +277+6.0% | Added |
| Smartleaf Asset Management LLC | 4,878 | $1.42M | 0.05% | +333+7.3% | Added |
| Legacy Advisors, LLC | 4,906 | $1.42M | 0.15% | +56+1.2% | Added |
| Chemistry Wealth Management LLC | 4,946 | $1.43M | 0.27% | +352+7.7% | Added |
| We Are One Seven, LLC | 4,993 | $1.44M | 0.03% | +142+2.9% | Added |
| Franklin Street Advisors Inc | 5,000 | $1.44M | 0.08% | 00.0% | Unchanged |
| MidWestOne Financial Group, Inc. | 5,009 | $1.45M | 0.16% | 00.0% | Unchanged |
| Meeder Advisory Services, Inc. | 5,046 | $1.46M | 0.06% | −478−8.7% | Reduced |
| Peapack Gladstone Financial Corp | 5,084 | $1.47M | 0.02% | −163−3.1% | Reduced |
| Machina Capital S.A.S. | 5,090 | $1.47M | 0.28% | +557+12.3% | Added |
| Alpine Bank Wealth Management | 5,092 | $1.47M | 0.21% | 00.0% | Unchanged |
| Occudo Quantitative Strategies LP | 5,117 | $1.48M | 0.10% | +5,117 | New |
| Williams Jones Wealth Management, LLC. | 5,129 | $1.48M | 0.02% | −242−4.5% | Reduced |
| Community Bank, N.A. | 5,180 | $1.50M | 0.18% | −150−2.8% | Reduced |
| Assetmark, Inc | 5,189 | $1.50M | 0.00% | +88+1.7% | Added |
| Blackstone Group Inc. | 5,231 | $1.51M | 0.01% | +5,231 | New |
| City Holding Co | 5,238 | $1.51M | 0.19% | −132−2.5% | Reduced |
| Ashton Thomas Private Wealth, LLC | 5,240 | $1.51M | 0.04% | −334−6.0% | Reduced |
| Rehmann Capital Advisory Group | 5,240 | $1.51M | 0.08% | −13−0.2% | Reduced |
| Boston Trust Walden Corp | 5,267 | $1.52M | 0.01% | 00.0% | Unchanged |
| CX Institutional | 5,281 | $1.52M | 0.05% | −332−5.9% | Reduced |
| David Loasby | 5,299 | $1.53M | 0.10% | +648+13.9% | Added |
| Azzad Asset Management Inc | 5,300 | $1.53M | 0.15% | +141+2.7% | Added |
| NBT Bank N A | 5,312 | $1.53M | 0.10% | −87−1.6% | Reduced |
| Ballentine Partners, LLC | 5,319 | $1.54M | 0.02% | −59−1.1% | Reduced |
| Arkadios Wealth Advisors | 5,323 | $1.54M | 0.03% | +621+13.2% | Added |
| Everence Capital Management Inc | 5,330 | $1.54M | 0.09% | 00.0% | Unchanged |
| Exchange Bank | 5,356 | $1.55M | 1.07% | −100−1.8% | Reduced |
| Skopos Labs, Inc. | 5,304 | $1.55M | 0.07% | +3,372+174.5% | Added |
| Main Street Group, LTD | 5,377 | $1.55M | 0.54% | −231−4.1% | Reduced |
| Avanza Fonder AB | 5,378 | $1.55M | 0.04% | +5,378 | New |
| HBK Sorce Advisory LLC | 5,076 | $1.56M | 0.04% | −39−0.8% | Reduced |
| CSU Producer Resources, Inc. | 5,400 | $1.56M | 4.66% | 00.0% | Unchanged |
| Blue Jean Financial LLC | 5,414 | $1.56M | 1.27% | +5,414 | New |
| Letson Investment Management, Inc. | 5,418 | $1.56M | 0.57% | +10.0% | Added |
| Coldstream Capital Management Inc | 5,454 | $1.57M | 0.02% | −1,567−22.3% | Reduced |
| Joel Isaacson & Co., LLC | 5,487 | $1.58M | 0.05% | +80+1.5% | Added |
| MB, Levis & Associates, LLC | 5,494 | $1.59M | 0.67% | −100−1.8% | Reduced |
| Cove Private Wealth, LLC | 5,500 | $1.59M | 0.47% | 00.0% | Unchanged |
| SS&H Financial Advisors, Inc. | 5,500 | $1.59M | 0.46% | 00.0% | Unchanged |
| Citizens Financial Group Inc | 5,510 | $1.59M | 0.02% | −383−6.5% | Reduced |
| Clark Asset Management, LLC | 5,521 | $1.59M | 0.17% | +10.0% | Added |
| Capital Group Private Client Services, Inc. | 5,536 | $1.60M | 0.03% | −78−1.4% | Reduced |
| Wilkins Investment Counsel Inc | 5,562 | $1.61M | 0.23% | 00.0% | Unchanged |
| Diversified Trust Co | 5,588 | $1.61M | 0.03% | +125+2.3% | Added |
| Headlands Technologies LLC | 5,591 | $1.61M | 0.13% | −2,347−29.6% | Reduced |
| Commerzbank Aktiengesellschaft | 5,608 | $1.62M | 0.03% | 00.0% | Unchanged |
| Sierra Summit Advisors LLC | 5,614 | $1.62M | 0.25% | +122+2.2% | Added |
| Wealthspire Advisors, LLC | 5,615 | $1.62M | 0.01% | −3,981−41.5% | Reduced |
| Visionary Wealth Advisors | 5,627 | $1.62M | 0.07% | −144−2.5% | Reduced |
| Journey Advisory Group, LLC | 5,644 | $1.63M | 0.14% | 00.0% | Unchanged |
| Adviser Investments LLC | 5,689 | $1.64M | 0.02% | +266+4.9% | Added |
| Carlson Capital L P | 5,700 | $1.65M | 0.80% | +5,700 | New |
| Albert D Mason Inc | 5,726 | $1.65M | 1.09% | −78−1.3% | Reduced |
| Keystone Financial Group | 5,750 | $1.66M | 0.12% | +20.0% | Added |
| First National Trust Co | 5,780 | $1.67M | 0.06% | −18−0.3% | Reduced |
| Applied Finance Capital Management, LLC | 5,781 | $1.67M | 0.12% | −1,234−17.6% | Reduced |
| Goelzer Investment Management, Inc. | 5,784 | $1.67M | 0.08% | +1,368+31.0% | Added |
| Park Avenue Securities LLC | 5,791 | $1.67M | 0.01% | −159−2.7% | Reduced |