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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
Ausdal Financial Partners, Inc.934$269.8K0.01%−35−3.6%Reduced
Zhang Financial LLC934$269.7K0.01%00.0%Unchanged
DRW Securities, LLC934$269.7K0.02%−3,344−78.2%Reduced
South State Corp.932$269.1K0.01%−1,095−54.0%Reduced
MeadowBrook Investment Advisors LLC925$267.1K0.23%00.0%Unchanged
Cantor Fitzgerald Investment Adviser L.P.925$267.1K0.02%00.0%Unchanged
Decker Wealth Management LLC925$267.1K0.06%+925New
Heartwood Wealth Advisors LLC923$266.5K0.02%−10−1.1%Reduced
Walsky Investment Management, Inc.918$265.0K0.27%+918New
Royal Capital Wealth Management, LLC916$264.5K0.16%00.0%Unchanged
NBC Securities, Inc.913$263.8K0.02%−171−15.8%Reduced
Transcend Wealth Collective, LLC913$263.6K0.02%−13−1.4%Reduced
Turtle Creek Wealth Advisors, LLC912$263.3K0.02%+912New
Capital Investment Management, Inc.908$262.2K0.09%+908New
Aprio Wealth Management, LLC739$261.6K0.02%+57+8.4%Added
Palogic Value Management, L.P.900$259.8K0.11%00.0%Unchanged
Westhampton Capital, LLC900$259.8K0.12%00.0%Unchanged
Jeppson Wealth Management, LLC900$259.8K0.08%00.0%Unchanged
Park Edge Advisors, LLC900$259.8K0.06%00.0%Unchanged
Planning Directions Inc899$259.7K0.13%+4+0.4%Added
Great Diamond Partners, LLC896$258.7K0.05%+28+3.2%Added
Measured Wealth Private Client Group, LLC895$258.4K0.07%00.0%Unchanged
Modern Wealth Management, LLC893$257.8K0.00%+46+5.4%Added
Cornerstone Select Advisors, LLC891$257.3K0.18%00.0%Unchanged
First American Trust, FSB890$257.0K0.02%−5−0.6%Reduced
Chapin Davis, Inc.888$256.4K0.06%00.0%Unchanged
Zullo Investment Group, Inc.886$255.8K0.09%+3+0.3%Added
Consolidated Planning Corp883$255.0K0.03%00.0%Unchanged
FSM Wealth Advisors, LLC881$254.3K0.03%+17+2.0%Added
Advisory Alpha, LLC879$254.1K0.01%−18−2.0%Reduced
MASTERINVEST Kapitalanlage GmbH875$253.8K0.02%00.0%Unchanged
FLC Capital Advisors876$252.9K0.05%00.0%Unchanged
Toth Financial Advisory Corp875$252.6K0.03%00.0%Unchanged
Vawter Financial, Ltd.873$252.1K0.11%−169−16.2%Reduced
Csenge Advisory Group869$251.0K0.01%−441−33.7%Reduced
Liberty Capital Management, Inc.869$250.9K0.05%00.0%Unchanged
Trust Point Inc.869$250.9K0.02%+869New
Addison Advisors LLC866$250.0K0.06%−31−3.5%Reduced
Impact Capital Partners LLC865$249.7K0.07%−99−10.3%Reduced
Wealthquest Corp865$249.7K0.02%+865New
Quotient Wealth Partners, LLC864$249.6K0.01%+37+4.5%Added
Cascade Financial Partners, LLC864$249.5K0.03%00.0%Unchanged
Zions Bancorporation, National Association864$249.5K0.01%+435+101.4%Added
Ted Buchan & Co862$248.9K0.09%+862New
Stephenson National Bank & Trust861$248.6K0.07%−14−1.6%Reduced
Broadleaf Partners, LLC861$248.6K0.05%00.0%Unchanged
WT Wealth Management850$245.4K0.07%00.0%Unchanged
Hudson Value Partners, LLC850$245.4K0.07%00.0%Unchanged
Tacita Capital Inc850$245.4K0.14%00.0%Unchanged
Villere St Denis J & Co LLC850$245.4K0.02%00.0%Unchanged
Foguth Wealth Management, LLC.852$245.2K0.04%+852New
Banco BTG Pactual S.A.849$245.1K0.04%+849New
First National Bank of Mount Dora, Trust Investment Services847$244.5K0.05%−27−3.1%Reduced
West Financial Advisors, LLC846$244.3K0.04%00.0%Unchanged
Apollon Financial, LLC845$244.1K0.04%+845New
Advisors Management Group Inc843$243.0K0.04%−1−0.1%Reduced
Virtue Capital Management, LLC841$242.1K0.04%−5,596−86.9%Reduced
Wilkins Miller Wealth Management, LLC838$242.0K0.14%+2+0.2%Added
Stonebridge Capital Advisors LLC836$241.4K0.02%−61−6.8%Reduced
Clarius Group, LLC836$241.4K0.01%00.0%Unchanged
LVM Capital Management Ltd835$241.0K0.02%00.0%Unchanged
Intrua Financial, LLC834$240.8K0.03%00.0%Unchanged
Coastline Complete Wealth LLC834$240.8K0.15%+834New
Lighthouse Financial LLC833$240.5K0.16%00.0%Unchanged
Institute for Wealth Management, LLC.830$239.6K0.03%+53+6.8%Added
Plotkin Financial Advisors, LLC829$239.3K0.12%00.0%Unchanged
Evanson Asset Management, LLC829$239.3K0.01%00.0%Unchanged
KMG Fiduciary Partners, LLC828$239.2K0.02%+1+0.1%Added
Tanager Wealth Management LLP826$238.5K0.02%00.0%Unchanged
Tompkins Financial Corp825$238.2K0.02%00.0%Unchanged
Griffith & Werner, Inc.822$237.3K0.12%+2+0.2%Added
Impact Partnership Wealth, LLC820$236.8K0.03%+820New
CWS Financial Advisors, LLC819$236.5K0.06%−200−19.6%Reduced
Regent Peak Wealth Advisors LLC813$234.7K0.05%−52−6.0%Reduced
Integrated Wealth Concepts LLC811$234.2K0.00%−324−28.5%Reduced
Advisory Advocates, LLC811$234.2K0.23%+811New
Hudson Valley Investment Advisors Inc804$232.1K0.03%−696−46.4%Reduced
Sage Capital Management, LLC800$231.0K0.11%−95−10.6%Reduced
Archer Investment Corp800$231.0K0.05%−43−5.1%Reduced
Kelly Lawrence W & Associates Inc800$231.0K0.06%00.0%Unchanged
Capital Management Corp800$231.0K0.04%00.0%Unchanged
Saxony Capital Management, LLC800$231.0K0.14%00.0%Unchanged
Camelot Portfolios, LLC800$231.0K0.14%00.0%Unchanged
Petix & Botte Co800$231.0K0.05%00.0%Unchanged
Luminvest Wealth Management LLC800$231.0K0.06%+800New
ARS Wealth Advisors Group, LLC797$230.1K0.02%00.0%Unchanged
Founders Financial Alliance, LLC795$229.6K0.04%+53+7.1%Added
Bullock Wealth Management Group792$228.8K0.11%−32−3.9%Reduced
Moss Adams Wealth Advisors LLC791$228.4K0.02%+35+4.6%Added
NTV Asset Management LLC791$228.4K0.02%−160−16.8%Reduced
Missouri Trust & Investment Co790$228.1K0.07%00.0%Unchanged
Maryland Capital Advisors Inc.789$227.8K0.08%00.0%Unchanged
Nelson, Van Denburg & Campbell Wealth Management Group, LLC788$227.4K0.01%+1+0.1%Added
Leigh Baldwin & Co., LLC786$227.0K0.15%+1+0.1%Added
Beacon Financial Group786$226.9K0.02%+4+0.5%Added
Physicians Financial Services, Inc.775$224.0K0.06%−50−6.1%Reduced
Frederick Financial Consultants, LLC771$222.6K0.12%+3+0.4%Added
Roehl & Yi Investment Advisors, LLC769$222.0K0.09%+5+0.7%Added
Topsail Wealth Management, LLC768$221.7K0.03%00.0%Unchanged
Sowell Financial Services LLC765$220.9K0.01%+11+1.5%Added