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 |
|---|---|---|---|---|---|
| Tulsa Wealth Advisors, INC | 1,217 | $351.5K | 0.12% | +1,217 | New |
| YHB Investment Advisors, Inc. | 1,219 | $351.9K | 0.02% | −504−29.3% | Reduced |
| Jackson, Grant Investment Advisers, Inc. | 1,221 | $352.5K | 0.12% | 00.0% | Unchanged |
| Summit Wealth Group, LLC | 1,223 | $353.1K | 0.08% | +20+1.7% | Added |
| Rise Advisors, LLC | 1,225 | $353.6K | 0.13% | +244+24.9% | Added |
| Cary Street Partner Investment Advisory LLC | 1,227 | $354.3K | 0.10% | −32−2.5% | Reduced |
| Vance Wealth, Inc. | 1,229 | $354.8K | 0.11% | +3+0.2% | Added |
| First Fiduciary Investment Counsel, Inc. | 1,230 | $355.0K | 0.07% | 00.0% | Unchanged |
| Schwarz Dygos Wheeler Investment Advisors LLC | 1,234 | $356.4K | 0.07% | 00.0% | Unchanged |
| Stonebridge Financial Group, LLC | 1,234 | $356.4K | 0.31% | +1,234 | New |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 1,235 | $356.6K | 0.01% | +49+4.1% | Added |
| TrustBank | 1,236 | $356.9K | 0.15% | +1,236 | New |
| Janney Capital Management LLC | 1,235 | $357.0K | 0.02% | 00.0% | Unchanged |
| Armstrong Advisory Group, Inc | 1,238 | $357.4K | 0.02% | 00.0% | Unchanged |
| WealthPLAN Partners, LLC | 1,244 | $359.2K | 0.05% | −43−3.3% | Reduced |
| Bank of Hawaii | 1,250 | $360.9K | 0.02% | 00.0% | Unchanged |
| Jag Capital Management, LLC | 1,260 | $363.7K | 0.04% | 00.0% | Unchanged |
| Shepherd Financial Partners LLC | 1,260 | $363.7K | 0.03% | +1+0.1% | Added |
| Ellis Investment Partners, LLC | 1,263 | $364.8K | 0.06% | +7+0.6% | Added |
| O'Brien Greene & Co. Inc | 1,270 | $366.7K | 0.11% | 00.0% | Unchanged |
| JGP Wealth Management, LLC | 1,272 | $367.3K | 0.04% | +590+86.5% | Added |
| Sky-Mountain Capital Management, Inc. | 1,278 | $368.4K | 0.25% | 00.0% | Unchanged |
| Silverberg Bernstein Capital Management LLC | 1,280 | $369.6K | 0.21% | 00.0% | Unchanged |
| Pinnacle Wealth Planning Services, Inc. | 1,286 | $371.3K | 0.04% | +194+17.8% | Added |
| Indiana Trust & Investment Management CO | 1,287 | $371.6K | 0.11% | −125−8.9% | Reduced |
| Campion Asset Management LLC | 1,287 | $371.6K | 0.26% | 00.0% | Unchanged |
| Groupe la Francaise | 1,289 | $372.2K | 0.01% | 00.0% | Unchanged |
| Terry L. Blaker | 1,293 | $373.3K | 0.01% | 00.0% | Unchanged |
| Bill Few Associates, Inc. | 1,293 | $373.3K | 0.09% | +12+0.9% | Added |
| Kingswood Wealth Advisors, LLC | 1,309 | $377.9K | 0.02% | +187+16.7% | Added |
| Legacy Financial Advisors, Inc. | 1,325 | $382.6K | 0.05% | −270−16.9% | Reduced |
| Dudley Capital Management, LLC | 1,327 | $383.1K | 0.17% | −50−3.6% | Reduced |
| Canandaigua National Trust Co of Florida | 1,335 | $385.4K | 0.24% | +60+4.7% | Added |
| Steigerwald, Gordon & Koch Inc. | 1,337 | $386.1K | 0.04% | −50−3.6% | Reduced |
| Capital Advisors Inc | 1,339 | $386.6K | 0.01% | +13+1.0% | Added |
| Foster Group, Inc. | 1,339 | $386.7K | 0.01% | −9−0.7% | Reduced |
| Lyell Wealth Management, LP | 1,344 | $388.0K | 0.03% | +44+3.4% | Added |
| Hardin Capital Partners, LLC | 1,345 | $388.3K | 0.18% | 00.0% | Unchanged |
| South Street Advisors LLC | 1,350 | $389.8K | 0.05% | 00.0% | Unchanged |
| Fagan Associates, Inc. | 1,350 | $389.8K | 0.05% | 00.0% | Unchanged |
| Farmers & Merchants Trust Co of Chambersburg PA | 1,350 | $390.0K | 0.11% | 00.0% | Unchanged |
| StoneX Group Inc. | 1,352 | $390.2K | 0.02% | +196+17.0% | Added |
| Doliver Advisors, LP | 1,354 | $390.9K | 0.10% | −25−1.8% | Reduced |
| Woodard & Co Asset Management Group Inc | 1,354 | $390.9K | 0.06% | 00.0% | Unchanged |
| Baldwin Brothers Inc | 1,357 | $391.8K | 0.03% | +55+4.2% | Added |
| Slagle Financial, LLC | 1,358 | $392.1K | 0.14% | −1−0.1% | Reduced |
| Schwartz Investment Counsel Inc | 1,359 | $392.4K | 0.01% | 00.0% | Unchanged |
| Guardian Investment Management | 1,361 | $392.9K | 0.31% | 00.0% | Unchanged |
| PFG Investments, LLC | 1,361 | $393.0K | 0.02% | +2+0.1% | Added |
| Hall Capital Management Co Inc | 1,366 | $394.4K | 0.15% | −60−4.2% | Reduced |
| One Charles Private Wealth Services, LLC | 1,375 | $396.9K | 0.10% | −11−0.8% | Reduced |
| Pine Haven Investment Counsel, Inc | 1,376 | $397.4K | 0.28% | 00.0% | Unchanged |
| Beacon Investment Advisory Services, Inc. | 1,379 | $398.1K | 0.02% | 00.0% | Unchanged |
| Cannon Wealth Management Services, LLC | 1,384 | $399.6K | 0.28% | −2−0.1% | Reduced |
| Cypress Wealth Services, LLC | 1,384 | $399.7K | 0.06% | +714+106.6% | Added |
| Walker Asset Management, LLC | 1,387 | $400.4K | 0.22% | +3+0.2% | Added |
| Nixon Peabody Trust Co | 1,391 | $401.6K | 0.03% | −25−1.8% | Reduced |
| Everett Harris & Co | 1,392 | $401.9K | 0.00% | −84−5.7% | Reduced |
| Citizens Business Bank | 1,395 | $402.8K | 0.07% | 00.0% | Unchanged |
| CWA Asset Management Group, LLC | 1,395 | $402.8K | 0.01% | −141−9.2% | Reduced |
| Harbour Investments, Inc. | 1,398 | $403.7K | 0.01% | −862−38.1% | Reduced |
| Sivia Capital Partners, LLC | 1,404 | $405.4K | 0.08% | +5+0.4% | Added |
| Moment Partners, LLC | 1,409 | $406.7K | 0.08% | −206−12.8% | Reduced |
| Retirement Planning Group | 1,413 | $407.9K | 0.01% | +172+13.9% | Added |
| Diversified Enterprises, LLC | 1,415 | $408.6K | 0.02% | +172+13.8% | Added |
| Hazlett, Burt & Watson, Inc. | 1,414 | $409.0K | 0.13% | +8+0.6% | Added |
| Founders Capital Management, LLC | 1,417 | $409.1K | 0.06% | +62+4.6% | Added |
| Pioneer Wealth Management Group | 1,421 | $410.3K | 0.12% | 00.0% | Unchanged |
| Southeast Asset Advisors Inc. | 1,421 | $410.4K | 0.04% | +1+0.1% | Added |
| Ostrum Asset Management | 1,425 | $411.4K | 0.02% | −473−24.9% | Reduced |
| Birch Financial Group, LLC | 1,426 | $411.8K | 0.23% | −9−0.6% | Reduced |
| Fulcrum Asset Management LLP | 1,420 | $412.0K | 0.11% | 00.0% | Unchanged |
| Pavion Blue Capital, LLC | 1,444 | $416.9K | 0.17% | 00.0% | Unchanged |
| Pinnacle Wealth Management Advisory Group, LLC | 1,449 | $418.4K | 0.03% | +33+2.3% | Added |
| Bell Bank | 1,465 | $423.0K | 0.02% | 00.0% | Unchanged |
| Commonwealth Retirement Investments LLC | 1,466 | $423.3K | 0.14% | −4−0.3% | Reduced |
| Gables Capital Management Inc. | 1,466 | $423.3K | 0.18% | 00.0% | Unchanged |
| Diversified Management Inc | 1,466 | $423.3K | 0.10% | +1,466 | New |
| Resources Management Corp | 1,470 | $424.0K | 0.05% | −260−15.0% | Reduced |
| Stony Point Wealth Management Inc. | 1,471 | $424.7K | 0.16% | +5+0.3% | Added |
| American State Bank (Iowa) | 1,475 | $425.9K | 0.20% | 00.0% | Unchanged |
| Regatta Capital Group, LLC | 1,476 | $426.2K | 0.06% | −16−1.1% | Reduced |
| TD Private Client Wealth LLC | 1,477 | $426.4K | 0.01% | −80−5.1% | Reduced |
| Chicago Capital, LLC | 1,481 | $427.6K | 0.01% | +10+0.7% | Added |
| Financial Advisory Service, Inc. | 1,488 | $429.7K | 0.03% | +66+4.6% | Added |
| Bank of New Hampshire | 1,490 | $430.2K | 0.10% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 1,492 | $431.0K | 0.02% | −27−1.8% | Reduced |
| Perpetual Ltd | 1,495 | $431.6K | 0.01% | +1,495 | New |
| Blue Edge Capital, LLC | 1,500 | $433.1K | 0.06% | 00.0% | Unchanged |
| Flagship Wealth Advisors, LLC | 1,500 | $433.1K | 0.13% | 00.0% | Unchanged |
| Chung Wu Investment Group, LLC | 1,500 | $433.1K | 0.35% | 00.0% | Unchanged |
| Fire Capital Management LLC | 1,500 | $433.1K | 0.22% | 00.0% | Unchanged |
| Medallion Wealth Advisors, LLC | 1,500 | $433.1K | 0.15% | 00.0% | Unchanged |
| First Financial Bankshares Inc | 1,502 | $433.7K | 0.01% | +446+42.2% | Added |
| Opal Wealth Advisors, LLC | 1,504 | $434.2K | 0.11% | 00.0% | Unchanged |
| Foster Victor Wealth Advisors, LLC | 1,500 | $435.9K | 0.03% | −219−12.7% | Reduced |
| apricus wealth, LLC | 1,510 | $436.0K | 0.22% | −293−16.3% | Reduced |
| Ameritas Advisory Services, LLC | 1,512 | $436.4K | 0.02% | +350+30.1% | Added |
| Cheviot Value Management, LLC | 1,535 | $436.7K | 0.04% | 00.0% | Unchanged |
| EJMK Ventures LLC | 1,515 | $437.4K | 0.27% | +1,515 | New |