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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
Fourth Dimension Wealth, LLC254$73.4K0.03%00.0%Unchanged
Strategic Investment Solutions, Inc.260$75.1K0.02%00.0%Unchanged
Towarzystwo Funduszy Inwestycyjnych Pzu SA260$75.1K0.02%00.0%Unchanged
Capital Advisors, Ltd. LLC266$77.0K0.01%−41−13.4%Reduced
CVA Family Office, LLC267$77.1K0.01%−6−2.2%Reduced
Loomis Sayles & Co L P270$78.0K0.00%−29−9.7%Reduced
Fairman Group, LLC273$78.8K0.06%00.0%Unchanged
Silvant Capital Management LLC275$79.4K0.00%00.0%Unchanged
Smallwood Wealth Investment Management, LLC275$79.4K0.04%00.0%Unchanged
Ogorek Anthony Joseph277$80.0K0.02%−15−5.1%Reduced
Hilltop National Bank280$80.8K0.02%00.0%Unchanged
Quest 10 Wealth Builders, Inc.284$82.0K0.07%−6−2.1%Reduced
LOM Asset Management Ltd290$83.7K0.02%00.0%Unchanged
Sunbelt Securities, Inc.291$84.0K0.01%00.0%Unchanged
Webster Bank, N. A.292$84.3K0.01%+32+12.3%Added
Sittner & Nelson, LLC276$84.6K0.03%00.0%Unchanged
Hoey Investments, Inc297$85.8K0.01%00.0%Unchanged
Thompson Investment Management, Inc.300$86.6K0.01%00.0%Unchanged
Contravisory Investment Management, Inc.300$86.6K0.02%00.0%Unchanged
Vermillion Wealth Management, Inc.300$86.6K0.04%00.0%Unchanged
MidAtlantic Capital Management, Inc.300$86.6K0.06%+300New
Ulland Investment Advisors, LLC300$87.0K0.07%00.0%Unchanged
Reflection Asset Management303$87.5K0.06%+303New
MPWM Advisory Solutions, LLC307$88.6K0.05%00.0%Unchanged
REAP Financial Group, LLC308$88.8K0.02%+37+13.7%Added
Wilkerson Advisory Group LLC308$88.9K0.03%+308New
Chapman Financial Group, LLC311$89.8K0.06%00.0%Unchanged
DV Equities, LLC315$90.9K0.02%+315New
Prestige Wealth Management Group LLC317$91.5K0.02%+100+46.1%Added
Curio Wealth, LLC313$91.6K0.03%00.0%Unchanged
Ransom Advisory, Ltd321$92.7K0.04%00.0%Unchanged
Essential Investment Partners LLC326$94.1K0.09%+326New
Moisand Fitzgerald Tamayo, LLC332$95.9K0.01%00.0%Unchanged
Clear Street Markets LLC333$96.1K0.02%−54−14.0%Reduced
Eq Wealth Advisors, LLC345$99.6K0.06%+345New
JNBA Financial Advisors350$101.1K0.01%+4+1.2%Added
Ameriflex Group, Inc.351$101.5K0.05%+249+244.1%Added
Piscataqua Savings Bank355$102.5K0.07%00.0%Unchanged
Horrell Capital Management, Inc.362$104.5K0.05%00.0%Unchanged
Motco365$105.4K0.01%00.0%Unchanged
Quent Capital, LLC369$106.5K0.01%−1−0.3%Reduced
Clayton Financial Group LLC378$109.1K0.06%+378New
Stone House Investment Management, LLC393$113.3K0.02%+1+0.3%Added
Perkins Coie Trust Co395$114.0K0.02%00.0%Unchanged
Cascades Capital Asset Management, LLC395$114.1K0.05%+1+0.3%Added
Centaurus Financial, Inc.398$115.0K0.01%−2−0.5%Reduced
First Financial Corp400$115.5K0.04%00.0%Unchanged
Deseret Mutual Benefit Administrators403$116.4K0.05%00.0%Unchanged
TCTC Holdings, LLC407$117.5K0.00%00.0%Unchanged
Center for Financial Planning, Inc.412$119.0K0.01%00.0%Unchanged
Holos Integrated Wealth LLC420$120.9K0.07%00.0%Unchanged
Exchange Traded Concepts, LLC429$123.9K0.00%−2,980−87.4%Reduced
Glass Jacobson Investment Advisors llc430$124.2K0.04%00.0%Unchanged
Grove Bank & Trust430$124.2K0.01%00.0%Unchanged
Bayforest Capital Ltd436$125.9K0.09%+436New
Capital Analysts, LLC446$129.0K0.00%00.0%Unchanged
Hollencrest Capital Management450$129.9K0.00%00.0%Unchanged
Bank & Trust Co454$131.1K0.09%+112+32.7%Added
Joseph Group Capital Management459$132.5K0.03%+19+4.3%Added
Quest Partners LLC466$134.5K0.01%−6,740−93.5%Reduced
Clean Yield Group474$136.9K0.04%00.0%Unchanged
Walleye Capital LLC485$140.0K0.00%−3,089−86.4%Reduced
First United Bank Trust485$140.0K0.04%00.0%Unchanged
Duncker Streett & Co Inc495$142.9K0.03%00.0%Unchanged
Horizon Financial Services, LLC495$143.0K0.07%+2+0.4%Added
Coastline Trust Co500$144.4K0.01%00.0%Unchanged
Washington Trust Advisors, Inc.500$144.4K0.01%00.0%Unchanged
True Wealth Design, LLC500$144.4K0.04%+351+235.6%Added
Crews Bank & Trust507$146.4K0.02%00.0%Unchanged
Bravera Wealth508$146.7K0.07%+508New
SBI Securities Co., Ltd.524$151.3K0.00%00.0%Unchanged
West Branch Capital LLC525$151.6K0.04%−46−8.1%Reduced
Inlight Wealth Management, LLC541$156.2K0.06%00.0%Unchanged
Rosenberg Matthew Hamilton542$156.5K0.03%00.0%Unchanged
Sentry Investment Management LLC549$159.0K0.10%00.0%Unchanged
Centennial Bank551$159.1K0.06%00.0%Unchanged
Elyxium Wealth, LLC554$160.0K0.04%+554New
Curat Global, LLC555$160.2K0.18%00.0%Unchanged
Rossby Financial, LCC565$163.1K0.05%+294+108.5%Added
Quattro Advisors LLC575$166.1K0.13%+575New
Osterweis Capital Management Inc582$168.0K0.01%00.0%Unchanged
Wall Street Access Asset Management, LLC583$168.3K0.04%00.0%Unchanged
Trifecta Capital Advisors, LLC600$173.2K0.03%−10−1.6%Reduced
Proffitt & Goodson Inc604$174.4K0.02%−1−0.2%Reduced
ESL Trust Services, LLC638$184.2K0.04%00.0%Unchanged
Onefund, LLC649$187.4K0.11%+37+6.0%Added
Mark Sheptoff Financial Planning, LLC650$187.7K0.09%00.0%Unchanged
Avalon Trust Co656$189.5K0.01%00.0%Unchanged
Gen-Wealth Partners Inc673$194.3K0.06%−9−1.3%Reduced
Rowland & Co Investment Counsel676$195.2K0.04%00.0%Unchanged
Crewe Advisors LLC677$195.5K0.02%+2+0.3%Added
First Command Advisory Services, Inc.678$195.8K0.00%+317+87.8%Added
AdvisorNet Financial, Inc693$200.1K0.01%+12+1.8%Added
Horst & Graben Wealth Management LLC694$200.3K0.03%−4−0.6%Reduced
Resonant Capital Advisors, LLC695$200.7K0.01%+24+3.6%Added
Albion Financial Group695$200.7K0.01%+200+40.4%Added
Cromwell Holdings LLC696$200.9K0.11%00.0%Unchanged
FC Advisory LLC698$201.4K0.06%00.0%Unchanged
Frisch Financial Group, Inc.699$201.7K0.05%+1+0.1%Added
Stronghold Wealth Management L.L.C.699$201.8K0.30%+699New