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 |
|---|---|---|---|---|---|
| State of Alaska, Department of Revenue | 22,226 | $6.42M | 0.07% | −2,305−9.4% | Reduced |
| Nordea Investment Management AB | 22,293 | $6.45M | 0.01% | +608+2.8% | Added |
| South Dakota Investment Council | 22,333 | $6.45M | 0.12% | −1,350−5.7% | Reduced |
| D.A. Davidson & Co. | 22,506 | $6.50M | 0.04% | −104−0.5% | Reduced |
| Northwestern Mutual Wealth Management Co | 22,612 | $6.53M | 0.00% | −3,415−13.1% | Reduced |
| Two Sigma Investments, LP | 22,693 | $6.55M | 0.01% | +13,473+146.1% | Added |
| Gibson Wealth Advisors LLC | 22,709 | $6.56M | 4.49% | 00.0% | Unchanged |
| Credit Agricole S A | 22,985 | $6.64M | 0.02% | +9,374+68.9% | Added |
| Swiss Life Asset Management Ltd | 23,564 | $6.80M | 0.03% | −112−0.5% | Reduced |
| Mutual of America Capital Management LLC | 24,101 | $6.96M | 0.07% | −225−0.9% | Reduced |
| Kornitzer Capital Management Inc | 24,413 | $7.05M | 0.15% | −1,937−7.4% | Reduced |
| OP Asset Management Ltd | 24,820 | $7.17M | 0.09% | +342+1.4% | Added |
| Moors & Cabot, Inc. | 24,823 | $7.17M | 0.31% | −511−2.0% | Reduced |
| Capricorn Fund Managers Ltd | 25,000 | $7.22M | 1.74% | +25,000 | New |
| Twin Securities, Inc. | 25,200 | $7.28M | 2.79% | +25,200 | New |
| Mackenzie Financial Corp | 25,166 | $7.29M | 0.01% | +2,004+8.7% | Added |
| Earnest Partners LLC | 25,331 | $7.31M | 0.03% | −6,207−19.7% | Reduced |
| Oregon Public Employees Retirement Fund | 25,687 | $7.42M | 0.09% | +56+0.2% | Added |
| Investment House LLC | 25,722 | $7.43M | 0.35% | −146−0.6% | Reduced |
| Uncommon Cents Investing LLC | 25,816 | $7.45M | 1.80% | −35−0.1% | Reduced |
| Redmond Asset Management, LLC | 25,914 | $7.48M | 1.91% | −160−0.6% | Reduced |
| 1st Source Bank | 25,935 | $7.49M | 0.39% | −895−3.3% | Reduced |
| Farmers National Bank | 26,183 | $7.56M | 1.69% | −311−1.2% | Reduced |
| Callan Family Office, LLC | 26,189 | $7.56M | 0.16% | +1,648+6.7% | Added |
| Ausbil Investment Management Ltd | 26,329 | $7.60M | 4.32% | −7,435−22.0% | Reduced |
| Pettyjohn, Wood & White, Inc | 26,699 | $7.71M | 1.21% | −111−0.4% | Reduced |
| Gateway Investment Advisers LLC | 26,707 | $7.71M | 0.07% | +217+0.8% | Added |
| Running Oak Capital LLC | 26,982 | $7.79M | 0.98% | −1,675−5.8% | Reduced |
| HB Wealth Management, LLC | 27,223 | $7.86M | 0.05% | +534+2.0% | Added |
| Toroso Investments, LLC | 27,376 | $7.90M | 0.03% | −921−3.3% | Reduced |
| Yousif Capital Management, LLC | 28,619 | $8.02M | 0.09% | −1,637−5.4% | Reduced |
| Pathstone Holdings, LLC | 27,815 | $8.03M | 0.03% | −257−0.9% | Reduced |
| BFSG, LLC | 28,150 | $8.13M | 0.79% | −755−2.6% | Reduced |
| Sagefield Capital LP | 28,156 | $8.13M | 0.69% | +26,256+1,381.9% | Added |
| Wellington Management Group LLP | 28,205 | $8.14M | 0.00% | +1,091+4.0% | Added |
| Nissay Asset Management Corp | 28,449 | $8.21M | 0.04% | +222+0.8% | Added |
| Capital Investment Advisors, LLC | 28,565 | $8.25M | 0.13% | +317+1.1% | Added |
| Public Employees Retirement Association of Colorado | 28,773 | $8.31M | 0.03% | −243,592−89.4% | Reduced |
| Johnson Investment Counsel Inc | 28,962 | $8.36M | 0.07% | −2,064−6.7% | Reduced |
| Klingenstein Fields & Co LP | 29,343 | $8.47M | 0.32% | −126−0.4% | Reduced |
| Centiva Capital, LP | 29,429 | $8.50M | 0.51% | +29,429 | New |
| Jones Financial Companies LLLP | 29,808 | $8.61M | 0.01% | +3,938+15.2% | Added |
| Rakuten Investment Management, Inc. | 29,518 | $8.62M | 0.03% | +5,889+24.9% | Added |
| Trust Co of Toledo NA | 29,941 | $8.64M | 0.85% | −798−2.6% | Reduced |
| NEOS Investment Management LLC | 30,246 | $8.73M | 0.05% | +4,948+19.6% | Added |
| Trust Co of Vermont | 30,276 | $8.74M | 0.36% | −443−1.4% | Reduced |
| JustInvest LLC | 30,358 | $8.76M | 0.09% | +583+2.0% | Added |
| Heritage Investors Management Corp | 30,367 | $8.77M | 0.26% | −689−2.2% | Reduced |
| Yaupon Capital Management LP | 30,407 | $8.78M | 0.43% | −29,637−49.4% | Reduced |
| Angelo Gordon & Co., L.P. | 30,505 | $8.81M | 0.83% | +25,630+525.7% | Added |
| CIBC World Markets Corp | 31,214 | $9.01M | 0.05% | +31,214 | New |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 31,433 | $9.08M | 0.07% | +434+1.4% | Added |
| Eliot Finkel Investment Counsel, LLC | 31,640 | $9.14M | 5.59% | −585−1.8% | Reduced |
| Brinker Capital Investments, LLC | 32,897 | $9.50M | 0.07% | −1,939−5.6% | Reduced |
| Lafayette Investments, Inc. | 33,429 | $9.65M | 1.82% | −41−0.1% | Reduced |
| Baker Avenue Asset Management, LP | 33,453 | $9.66M | 0.22% | −229−0.7% | Reduced |
| Xponance, Inc. | 33,512 | $9.68M | 0.07% | +1,833+5.8% | Added |
| Pinnacle Financial Partners, Inc. | 33,628 | $9.71M | 0.07% | +33,628 | New |
| Tufton Capital Management | 33,766 | $9.75M | 1.70% | −342−1.0% | Reduced |
| Baker Chad R | 33,906 | $9.84M | 1.76% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 34,724 | $10.0M | 0.08% | −1,640−4.5% | Reduced |
| Ilmarinen Mutual Pension Insurance Co | 34,750 | $10.0M | 0.08% | 00.0% | Unchanged |
| Mirae Asset Global Investments Co., Ltd. | 35,225 | $10.2M | 0.03% | +5,997+20.5% | Added |
| Saybrook Capital | 35,293 | $10.2M | 2.54% | −262−0.7% | Reduced |
| Voya Investment Management LLC | 35,478 | $10.2M | 0.01% | −1,339−3.6% | Reduced |
| Cohen Klingenstein LLC | 35,500 | $10.2M | 0.31% | 00.0% | Unchanged |
| Daiwa Securities Group Inc. | 36,360 | $10.5M | 0.03% | +1,120+3.2% | Added |
| Kintayl Capital LP | 36,572 | $10.6M | 6.38% | −1,528−4.0% | Reduced |
| Commerce Bank | 36,620 | $10.6M | 0.06% | +927+2.6% | Added |
| Trajan Wealth LLC | 36,740 | $10.6M | 0.44% | −670−1.8% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 36,937 | $10.7M | 0.03% | +31,771+615.0% | Added |
| Kempen Capital Management N.V. | 37,112 | $10.7M | 0.09% | −1,492−3.9% | Reduced |
| Utah Retirement Systems | 37,336 | $10.8M | 0.10% | 00.0% | Unchanged |
| Walleye Trading LLC | 37,364 | $10.8M | 0.17% | +3,583+10.6% | Added |
| Neville Rodie & Shaw Inc | 37,490 | $10.8M | 0.76% | −1,218−3.1% | Reduced |
| EFG International AG | 37,946 | $11.0M | 0.21% | +37,946 | New |
| MML Investors Services, LLC | 37,992 | $11.0M | 0.03% | +1,438+3.9% | Added |
| Cresset Asset Management, LLC | 38,946 | $11.2M | 0.05% | +1,156+3.1% | Added |
| BTC Capital Management, Inc. | 39,175 | $11.3M | 0.79% | −859−2.1% | Reduced |
| Vestcor Inc | 39,513 | $11.4M | 0.33% | 00.0% | Unchanged |
| Lighthouse Investment Partners, LLC | 39,737 | $11.5M | 0.38% | +22,401+129.2% | Added |
| British Columbia Investment Management Corp | 39,818 | $11.5M | 0.06% | +7,416+22.9% | Added |
| Glenmede Trust Co NA | 40,081 | $11.6M | 0.05% | +40,081 | New |
| Glenview Trust Co | 40,290 | $11.6M | 0.18% | −3,347−7.7% | Reduced |
| Teacher Retirement System of Texas | 40,374 | $11.7M | 0.04% | +5,581+16.0% | Added |
| Cinctive Capital Management LP | 40,745 | $11.8M | 0.68% | −25,448−38.4% | Reduced |
| Moore Capital Management, LP | 41,818 | $12.1M | 0.25% | +5,072+13.8% | Added |
| Amalgamated Bank | 41,964 | $12.1M | 0.09% | −1,180−2.7% | Reduced |
| Linscomb & Williams, Inc. | 42,116 | $12.2M | 0.51% | +238+0.6% | Added |
| Blair William & Co | 42,242 | $12.2M | 0.03% | −446−1.0% | Reduced |
| Sanctuary Advisors, LLC | 42,295 | $12.2M | 0.07% | −2,347−5.3% | Reduced |
| M. Kraus & Co | 42,339 | $12.2M | 3.41% | −356−0.8% | Reduced |
| Janus Henderson Group PLC | 42,374 | $12.2M | 0.01% | +458+1.1% | Added |
| USS Investment Management Ltd | 42,539 | $12.3M | 0.06% | +1,236+3.0% | Added |
| Ingalls & Snyder LLC | 42,612 | $12.3M | 0.45% | −1,259−2.9% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 42,904 | $12.4M | 0.03% | −902−2.1% | Reduced |
| Mariner, LLC | 43,243 | $12.5M | 0.01% | −19,710−31.3% | Reduced |
| O'Shaughnessy Asset Management, LLC | 43,408 | $12.5M | 0.07% | +3,887+9.8% | Added |
| PensionDanmark Pensionsforsikringsaktieselskab | 43,690 | $12.6M | 0.11% | +43,690 | New |
| Quarry LP | 43,790 | $12.6M | 2.07% | +10,490+31.5% | Added |