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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
Holos Integrated Wealth LLC420$120.9K0.07%00.0%Unchanged
Center for Financial Planning, Inc.412$119.0K0.01%00.0%Unchanged
TCTC Holdings, LLC407$117.5K0.00%00.0%Unchanged
Deseret Mutual Benefit Administrators403$116.4K0.05%00.0%Unchanged
First Financial Corp400$115.5K0.04%00.0%Unchanged
Centaurus Financial, Inc.398$115.0K0.01%−2−0.5%Reduced
Cascades Capital Asset Management, LLC395$114.1K0.05%+1+0.3%Added
Perkins Coie Trust Co395$114.0K0.02%00.0%Unchanged
Stone House Investment Management, LLC393$113.3K0.02%+1+0.3%Added
Clayton Financial Group LLC378$109.1K0.06%+378New
Quent Capital, LLC369$106.5K0.01%−1−0.3%Reduced
Motco365$105.4K0.01%00.0%Unchanged
Horrell Capital Management, Inc.362$104.5K0.05%00.0%Unchanged
Piscataqua Savings Bank355$102.5K0.07%00.0%Unchanged
Ameriflex Group, Inc.351$101.5K0.05%+249+244.1%Added
JNBA Financial Advisors350$101.1K0.01%+4+1.2%Added
Eq Wealth Advisors, LLC345$99.6K0.06%+345New
Clear Street Markets LLC333$96.1K0.02%−54−14.0%Reduced
Moisand Fitzgerald Tamayo, LLC332$95.9K0.01%00.0%Unchanged
Essential Investment Partners LLC326$94.1K0.09%+326New
Ransom Advisory, Ltd321$92.7K0.04%00.0%Unchanged
Curio Wealth, LLC313$91.6K0.03%00.0%Unchanged
Prestige Wealth Management Group LLC317$91.5K0.02%+100+46.1%Added
DV Equities, LLC315$90.9K0.02%+315New
Chapman Financial Group, LLC311$89.8K0.06%00.0%Unchanged
Wilkerson Advisory Group LLC308$88.9K0.03%+308New
REAP Financial Group, LLC308$88.8K0.02%+37+13.7%Added
MPWM Advisory Solutions, LLC307$88.6K0.05%00.0%Unchanged
Reflection Asset Management303$87.5K0.06%+303New
Ulland Investment Advisors, LLC300$87.0K0.07%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
Hoey Investments, Inc297$85.8K0.01%00.0%Unchanged
Sittner & Nelson, LLC276$84.6K0.03%00.0%Unchanged
Webster Bank, N. A.292$84.3K0.01%+32+12.3%Added
Sunbelt Securities, Inc.291$84.0K0.01%00.0%Unchanged
LOM Asset Management Ltd290$83.7K0.02%00.0%Unchanged
Quest 10 Wealth Builders, Inc.284$82.0K0.07%−6−2.1%Reduced
Hilltop National Bank280$80.8K0.02%00.0%Unchanged
Ogorek Anthony Joseph277$80.0K0.02%−15−5.1%Reduced
Silvant Capital Management LLC275$79.4K0.00%00.0%Unchanged
Smallwood Wealth Investment Management, LLC275$79.4K0.04%00.0%Unchanged
Fairman Group, LLC273$78.8K0.06%00.0%Unchanged
Loomis Sayles & Co L P270$78.0K0.00%−29−9.7%Reduced
CVA Family Office, LLC267$77.1K0.01%−6−2.2%Reduced
Capital Advisors, Ltd. LLC266$77.0K0.01%−41−13.4%Reduced
Strategic Investment Solutions, Inc.260$75.1K0.02%00.0%Unchanged
Towarzystwo Funduszy Inwestycyjnych Pzu SA260$75.1K0.02%00.0%Unchanged
Fourth Dimension Wealth, LLC254$73.4K0.03%00.0%Unchanged
ORG Wealth Partners, LLC253$73.3K0.02%00.0%Unchanged
Bangor Savings Bank250$72.2K0.01%00.0%Unchanged
Asset Planning,Inc250$72.2K0.05%00.0%Unchanged
Atlas Capital Advisors LLC246$71.0K0.01%+246New
Annis Gardner Whiting Capital Advisors, LLC241$69.5K0.01%+27+12.6%Added
Bogart Wealth, LLC235$67.9K0.00%+5+2.2%Added
Bellevue Asset Management, LLC235$67.9K0.03%00.0%Unchanged
O'Brien Wealth Partners LLC235$67.8K0.01%00.0%Unchanged
Cape Investment Advisory, Inc.235$67.8K0.02%+235New
Litman Gregory Asset Management LLC231$66.7K0.00%+231New
SJS Investment Consulting Inc.230$66.4K0.01%00.0%Unchanged
Godsey & Gibb Associates226$65.2K0.01%00.0%Unchanged
Sawyer & Company, Inc225$65.0K0.02%−320−58.7%Reduced
MH & Associates Securities Management Corp225$65.0K0.05%+225New
South Plains Financial, Inc.222$64.1K0.04%+222New
MV Capital Management, Inc.220$63.5K0.01%+1+0.5%Added
American Capital Advisory, LLC215$62.1K0.03%−44−17.0%Reduced
Estate Planners Group, LLC215$62.1K0.03%+215New
Manning & Napier Advisors LLC211$60.9K0.00%−527−71.4%Reduced
SIMA Wealth Partners, LLC210$60.6K0.05%−330−61.1%Reduced
Stephens Consulting, LLC210$60.6K0.02%00.0%Unchanged
First Pacific Financial210$60.6K0.01%+1+0.5%Added
RMG Wealth Management LLC204$59.3K0.01%00.0%Unchanged
Blackhill Capital Inc200$57.7K0.00%00.0%Unchanged
Torren Management, LLC198$57.1K0.03%+198New
Rogco, LP197$56.9K0.02%00.0%Unchanged
Manchester Capital Management LLC194$56.0K0.01%+62+47.0%Added
Keating Financial Advisory Services, Inc.184$53.1K0.01%+184New
Align Financial, LLC51,970$52.0K0.03%+51,970New
North Star Investment Management Corp.177$51.0K0.00%+16+9.9%Added
Strategic Wealth Advisors LLC180$51.0K0.04%+180New
ORG Partners LLC175$50.5K0.01%+91+108.3%Added
Clark Wealth Partners171$49.4K0.03%00.0%Unchanged
Intesa Sanpaolo Wealth Management170$49.1K0.01%+170New
Concord Wealth Partners167$48.2K0.01%00.0%Unchanged
Orion Capital Management LLC167$48.2K0.02%+1+0.6%Added
Abound Wealth Management164$47.4K0.01%+1+0.6%Added
Bruce G. Allen Investments, LLC163$47.1K0.03%−128−44.0%Reduced
Parvin Asset Management, LLC160$46.2K0.04%−22−12.1%Reduced
Trust Co160$46.2K0.00%+160New
Navalign, LLC156$45.1K0.01%+156New
CrossGen Wealth, LLC151$43.5K0.04%+151New
BOK Financial Private Wealth, Inc.150$43.3K0.00%00.0%Unchanged
Cedar Mountain Advisors, LLC150$43.3K0.01%00.0%Unchanged
Adirondack Trust Co150$43.3K0.01%00.0%Unchanged
Financial Connections Group, Inc.146$42.0K0.01%00.0%Unchanged
Prosperity Bancshares Inc140$40.4K0.04%+140New
Dunhill Financial, LLC137$39.5K0.01%+11+8.7%Added
SHP Wealth Management136$39.4K0.00%+136New