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 |
|---|---|---|---|---|---|
| One Charles Private Wealth Services, LLC | 1,375 | $396.9K | 0.10% | −11−0.8% | Reduced |
| Hall Capital Management Co Inc | 1,366 | $394.4K | 0.15% | −60−4.2% | Reduced |
| PFG Investments, LLC | 1,361 | $393.0K | 0.02% | +2+0.1% | Added |
| Guardian Investment Management | 1,361 | $392.9K | 0.31% | 00.0% | Unchanged |
| Schwartz Investment Counsel Inc | 1,359 | $392.4K | 0.01% | 00.0% | Unchanged |
| Slagle Financial, LLC | 1,358 | $392.1K | 0.14% | −1−0.1% | Reduced |
| Baldwin Brothers Inc | 1,357 | $391.8K | 0.03% | +55+4.2% | 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 |
| StoneX Group Inc. | 1,352 | $390.2K | 0.02% | +196+17.0% | Added |
| Farmers & Merchants Trust Co of Chambersburg PA | 1,350 | $390.0K | 0.11% | 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 |
| Hardin Capital Partners, LLC | 1,345 | $388.3K | 0.18% | 00.0% | Unchanged |
| Lyell Wealth Management, LP | 1,344 | $388.0K | 0.03% | +44+3.4% | Added |
| Foster Group, Inc. | 1,339 | $386.7K | 0.01% | −9−0.7% | Reduced |
| Capital Advisors Inc | 1,339 | $386.6K | 0.01% | +13+1.0% | Added |
| Steigerwald, Gordon & Koch Inc. | 1,337 | $386.1K | 0.04% | −50−3.6% | Reduced |
| Canandaigua National Trust Co of Florida | 1,335 | $385.4K | 0.24% | +60+4.7% | Added |
| Dudley Capital Management, LLC | 1,327 | $383.1K | 0.17% | −50−3.6% | Reduced |
| Legacy Financial Advisors, Inc. | 1,325 | $382.6K | 0.05% | −270−16.9% | Reduced |
| Kingswood Wealth Advisors, LLC | 1,309 | $377.9K | 0.02% | +187+16.7% | Added |
| 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 |
| Groupe la Francaise | 1,289 | $372.2K | 0.01% | 00.0% | Unchanged |
| 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 |
| Pinnacle Wealth Planning Services, Inc. | 1,286 | $371.3K | 0.04% | +194+17.8% | Added |
| Silverberg Bernstein Capital Management LLC | 1,280 | $369.6K | 0.21% | 00.0% | Unchanged |
| Sky-Mountain Capital Management, Inc. | 1,278 | $368.4K | 0.25% | 00.0% | Unchanged |
| JGP Wealth Management, LLC | 1,272 | $367.3K | 0.04% | +590+86.5% | Added |
| O'Brien Greene & Co. Inc | 1,270 | $366.7K | 0.11% | 00.0% | Unchanged |
| Ellis Investment Partners, LLC | 1,263 | $364.8K | 0.06% | +7+0.6% | Added |
| Shepherd Financial Partners LLC | 1,260 | $363.7K | 0.03% | +1+0.1% | Added |
| Jag Capital Management, LLC | 1,260 | $363.7K | 0.04% | 00.0% | Unchanged |
| Bank of Hawaii | 1,250 | $360.9K | 0.02% | 00.0% | Unchanged |
| WealthPLAN Partners, LLC | 1,244 | $359.2K | 0.05% | −43−3.3% | Reduced |
| Armstrong Advisory Group, Inc | 1,238 | $357.4K | 0.02% | 00.0% | Unchanged |
| Janney Capital Management LLC | 1,235 | $357.0K | 0.02% | 00.0% | Unchanged |
| TrustBank | 1,236 | $356.9K | 0.15% | +1,236 | New |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 1,235 | $356.6K | 0.01% | +49+4.1% | Added |
| Stonebridge Financial Group, LLC | 1,234 | $356.4K | 0.31% | +1,234 | New |
| Schwarz Dygos Wheeler Investment Advisors LLC | 1,234 | $356.4K | 0.07% | 00.0% | Unchanged |
| First Fiduciary Investment Counsel, Inc. | 1,230 | $355.0K | 0.07% | 00.0% | Unchanged |
| Vance Wealth, Inc. | 1,229 | $354.8K | 0.11% | +3+0.2% | Added |
| Cary Street Partner Investment Advisory LLC | 1,227 | $354.3K | 0.10% | −32−2.5% | Reduced |
| Rise Advisors, LLC | 1,225 | $353.6K | 0.13% | +244+24.9% | Added |
| Summit Wealth Group, LLC | 1,223 | $353.1K | 0.08% | +20+1.7% | Added |
| Jackson, Grant Investment Advisers, Inc. | 1,221 | $352.5K | 0.12% | 00.0% | Unchanged |
| YHB Investment Advisors, Inc. | 1,219 | $351.9K | 0.02% | −504−29.3% | Reduced |
| Tulsa Wealth Advisors, INC | 1,217 | $351.5K | 0.12% | +1,217 | New |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 1,215 | $350.8K | 0.12% | +1,215 | New |
| Basecamp Wealth Advisors LLC | 1,213 | $350.3K | 0.07% | +1,213 | New |
| Barnes Dennig Private Wealth Management LLC | 1,213 | $350.2K | 0.35% | 00.0% | Unchanged |
| Dorato Capital Management | 1,222 | $349.9K | 0.26% | +1,222 | New |
| Conning Inc. | 1,206 | $348.2K | 0.01% | −522−30.2% | Reduced |
| Quantum Private Wealth, LLC | 1,206 | $348.1K | 0.10% | 00.0% | Unchanged |
| Tobam | 1,204 | $348.0K | 0.09% | +1,200+30,000.0% | Added |
| Bragg Financial Advisors, Inc | 1,205 | $347.9K | 0.01% | −24−2.0% | Reduced |
| Obermeyer Wood Investment Counsel, LLLP | 1,205 | $347.9K | 0.02% | −7−0.6% | Reduced |
| Westfuller Advisors, LLC | 1,205 | $347.8K | 0.14% | +5+0.4% | Added |
| Childress Capital Advisors, LLC | 1,199 | $346.2K | 0.06% | −11−0.9% | Reduced |
| Objectivity Squared, LLC | 1,199 | $346.2K | 0.19% | +6+0.5% | Added |
| Alpha Wealth Funds, LLC | 1,200 | $345.4K | 0.23% | +1,200 | New |
| Moody Lynn & Lieberson, LLC | 1,196 | $345.3K | 0.02% | 00.0% | Unchanged |
| Sax Wealth Advisors, LLC | 1,196 | $345.3K | 0.02% | +345+40.5% | Added |
| Jump Financial, LLC | 1,188 | $343.0K | 0.00% | −9,061−88.4% | Reduced |
| MONECO Advisors, LLC | 1,185 | $342.1K | 0.03% | 00.0% | Unchanged |
| Boston Private Wealth LLC | 1,183 | $341.6K | 0.02% | −13−1.1% | Reduced |
| RFG Advisory, LLC | 1,182 | $341.4K | 0.01% | +127+12.0% | Added |
| Trustmark National Bank Trust Department | 1,181 | $341.0K | 0.02% | 00.0% | Unchanged |
| Platform Technology Partners | 1,173 | $338.8K | 0.07% | −3−0.3% | Reduced |
| Austin Private Wealth, LLC | 1,171 | $338.1K | 0.03% | 00.0% | Unchanged |
| Robertson Stephens Wealth Management, LLC | 1,169 | $337.5K | 0.01% | +8+0.7% | Added |
| Fiduciary Alliance LLC | 1,167 | $336.9K | 0.02% | −43−3.6% | Reduced |
| Cozad Asset Management Inc | 1,165 | $336.4K | 0.03% | 00.0% | Unchanged |
| Holderness Investments Co | 1,165 | $336.4K | 0.07% | 00.0% | Unchanged |
| NorthRock Partners, LLC | 1,163 | $336.1K | 0.01% | −2,222−65.6% | Reduced |
| Argent Advisors, Inc. | 1,164 | $336.1K | 0.09% | +1,164 | New |
| Beaumont Financial Advisors, LLC | 1,160 | $334.9K | 0.02% | +1+0.1% | Added |
| McLean Asset Management Corp | 1,164 | $333.4K | 0.06% | −5−0.4% | Reduced |
| Optimize Financial Inc | 1,153 | $332.9K | 0.17% | +16+1.4% | Added |
| Monetary Management Group Inc | 1,150 | $332.0K | 0.08% | 00.0% | Unchanged |
| Summit Wealth & Retirement Planning, Inc. | 1,142 | $329.7K | 0.08% | 00.0% | Unchanged |
| Private Management Group Inc | 1,141 | $329.4K | 0.01% | 00.0% | Unchanged |
| Capital Counsel LLC | 1,140 | $329.1K | 0.01% | 00.0% | Unchanged |
| Premier Path Wealth Partners, LLC | 1,138 | $328.6K | 0.04% | +77+7.3% | Added |
| Barnes Pettey Financial Advisors, LLC | 1,135 | $327.7K | 0.16% | 00.0% | Unchanged |
| Arrow Financial Corp | 1,134 | $327.4K | 0.03% | −48−4.1% | Reduced |
| KPP Advisory Services LLC | 1,131 | $326.5K | 0.05% | −3−0.3% | Reduced |
| L2 Asset Management, LLC | 1,131 | $326.5K | 0.04% | +74+7.0% | Added |
| Elmwood Wealth Management, Inc. | 1,130 | $326.3K | 0.10% | +20+1.8% | Added |
| Downshift Financial, LLC | 1,057 | $324.3K | 0.20% | +1,057 | New |
| Garrett Wealth Advisory Group, LLC | 1,123 | $324.3K | 0.06% | 00.0% | Unchanged |
| McKinley Carter Wealth Services, Inc. | 1,121 | $323.8K | 0.02% | 00.0% | Unchanged |
| Bienville Capital Management, LLC | 1,120 | $323.4K | 0.05% | 00.0% | Unchanged |
| Garton & Associates Financial Advisors LLC | 1,119 | $323.1K | 0.18% | +1,119 | New |
| Main Street Research LLC | 1,117 | $322.5K | 0.02% | −64−5.4% | Reduced |
| Tred Avon Family Wealth, LLC | 1,112 | $321.1K | 0.10% | +202+22.2% | Added |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors | 1,112 | $321.0K | 0.02% | −3,190−74.2% | Reduced |