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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
Plante Moran Financial Advisors, LLC136$39.3K0.00%−50−26.9%Reduced
Leonteq Securities AG135$39.0K0.00%−15−10.0%Reduced
Lloyd Advisory Services, LLC.133$38.5K0.01%+133New
TD Capital Management LLC132$38.0K0.00%+1+0.8%Added
Kohmann Bosshard Financial Services, LLC131$37.8K0.00%+131New
Jessup Wealth Management, Inc130$37.5K0.01%+130New
Luken Investment Analytics, LLC129$37.2K0.01%+29+29.0%Added
Peterson Wealth Services123$35.6K0.01%+113+1,130.0%Added
LRI Investments, LLC123$35.5K0.00%−184−59.9%Reduced
UMA Financial Services, Inc.121$34.9K0.00%−11−8.3%Reduced
Vision Financial Markets LLC120$34.6K0.04%00.0%Unchanged
Financial Consulate, Inc119$34.4K0.00%00.0%Unchanged
Bank of Jackson Hole Trust117$33.8K0.02%00.0%Unchanged
Bayban117$33.8K0.03%+117New
Essential Partners LLC116$33.5K0.01%00.0%Unchanged
1620 Investment Advisors, Inc.111$32.0K0.02%−25−18.4%Reduced
Keystone Financial Group, Inc.110$31.9K0.02%00.0%Unchanged
Oakmont Corp110$31.8K0.01%00.0%Unchanged
Nemes Rush Group LLC109$31.5K0.00%+7+6.9%Added
WPG Advisers, LLC108$31.2K0.02%−2−1.8%Reduced
Highline Wealth Partners LLC106$30.5K0.01%+3+2.9%Added
American National Bank105$30.3K0.00%−10−8.7%Reduced
Boyd Watterson Asset Management LLC104$30.0K0.01%00.0%Unchanged
GW&K Investment Management, LLC105$30.0K0.00%+1+1.0%Added
Pinnacle Bancorp, Inc.102$29.4K0.01%00.0%Unchanged
BNP Paribas100$28.9K0.00%00.0%Unchanged
Game Plan Financial Advisors, LLC100$28.9K0.01%00.0%Unchanged
Team Financial Group, LLC100$28.9K0.01%00.0%Unchanged
Comprehensive Financial Planning, Inc.100$28.9K0.02%00.0%Unchanged
Covestor Ltd98$28.0K0.01%00.0%Unchanged
Meeder Asset Management Inc95$27.4K0.00%+67+239.3%Added
Westside Investment Management, Inc.94$27.1K0.00%+8+9.3%Added
GoalVest Advisory LLC93$26.9K0.01%+84+933.3%Added
Foster Dykema Cabot & Partners, LLC88$25.4K0.00%+5+6.0%Added
Financial Management Professionals, Inc.86$24.7K0.00%+1+1.2%Added
Cornerstone Planning Group LLC86$24.5K0.00%+22+34.4%Added
CWM Advisors, LLC83$23.9K0.00%+83New
Glen Eagle Advisors, LLC81$23.5K0.00%00.0%Unchanged
Itau Unibanco Holding S.A.80$23.1K0.00%−14−14.9%Reduced
SOA Wealth Advisors, LLC.80$23.1K0.00%00.0%Unchanged
United Community Bank80$23.1K0.01%00.0%Unchanged
Abound Financial, LLC80$23.1K0.01%+80New
Valued Wealth Advisors LLC80$23.0K0.01%+17+27.0%Added
Kingdom Financial Group LLC.77$22.1K0.01%+77New
Midwest Capital Advisors, LLC76$22.0K0.01%00.0%Unchanged
Transamerica Financial Advisors, Inc.76$22.0K0.00%−192−71.6%Reduced
Darwin Advisors, LLC75$21.7K0.01%00.0%Unchanged
Ares Financial Consulting, LLC72$20.8K0.02%+72New
Frazier Financial Advisors, LLC71$20.6K0.01%+71New
McIlrath & Eck, LLC71$20.5K0.00%00.0%Unchanged
Elevated Capital Advisors, LLC71$20.4K0.00%+71New
Private Wealth Management Group, LLC70$20.2K0.01%−5−6.7%Reduced
Innovative Advisory Group, LLC70$20.2K0.01%00.0%Unchanged
Canton Hathaway, LLC70$20.2K0.00%00.0%Unchanged
NCP Inc.68$19.6K0.02%+68New
MidFirst Bank66$19.1K0.00%+66New
Morse Asset Management, Inc65$18.8K0.00%00.0%Unchanged
Financial Network Wealth Advisors LLC64$18.5K0.02%+19+42.2%Added
New Age Alpha Advisors, LLC64$18.5K0.00%+64New
Bell Investment Advisors, Inc61$17.6K0.00%−2−3.2%Reduced
Country Trust Bank60$17.3K0.00%00.0%Unchanged
Retirement Wealth Solutions LLC55$15.9K0.01%00.0%Unchanged
Sfam, LLC54$15.6K0.01%+54New
Signature Equity Partners, LLC52$15.0K0.01%+52New
Robinswood Financial LLC50$14.4K0.00%−50−50.0%Reduced
First Community Trust NA50$14.4K0.01%00.0%Unchanged
Arvest Investments, Inc.50$14.4K0.00%00.0%Unchanged
Howard Hughes Medical Institute48$13.9K0.01%00.0%Unchanged
Strategic Wealth Partners, Ltd.48$13.9K0.00%00.0%Unchanged
CBIZ Investment Advisory Services, LLC48$13.9K0.00%00.0%Unchanged
Dogwood Wealth Management LLC47$13.6K0.01%+8+20.5%Added
City State Bank44$12.7K0.00%00.0%Unchanged
Activest Wealth Management43$12.4K0.00%−24−35.8%Reduced
Wealth Enhancement Trust Services, Inc.43$12.4K0.00%+43New
Consultiva Wealth Management, Corp.42$12.1K0.03%00.0%Unchanged
Ankerstar Wealth, LLC42$12.1K0.01%+42New
Avion Wealth45$12.0K0.00%−2−4.3%Reduced
Bank Julius Baer & Co. Ltd, Zurich41$11.8K0.00%+41New
Truvestments Capital LLC40$11.5K0.00%00.0%Unchanged
Sachetta, LLC38$11.0K0.01%−16−29.6%Reduced
Eukles Asset Management35$10.1K0.00%00.0%Unchanged
Aspect Partners, LLC35$10.1K0.00%+3+9.4%Added
Coston, McIsaac & Partners34$10.0K0.00%00.0%Unchanged
GPS Wealth Strategies Group, LLC34$9.90K0.01%−258−88.4%Reduced
Kilter Group LLC29$8.37K0.00%−4−12.1%Reduced
MJT & Associates Financial Advisory Group, Inc.29$8.37K0.01%00.0%Unchanged
Cornerstone Financial Management LLC27$7.79K0.01%+27New
Byrne Asset Management LLC25$7.22K0.00%00.0%Unchanged
Aventus Investment Advisors, Inc.25$7.22K0.01%00.0%Unchanged
Y.D. More Investments Ltd7,846$7.10K0.00%+7,846New
DT Investment Partners, LLC24$6.93K0.00%00.0%Unchanged
Arlington Trust Co LLC23$6.64K0.00%−1,177−98.1%Reduced
Cetera Trust Company, N.A23$6.64K0.00%00.0%Unchanged
Fortitude Family Office, LLC23$6.64K0.00%+6+35.3%Added
Marquette Asset Management, LLC20$5.78K0.00%−3−13.0%Reduced
Caitong International Asset Management Co., Ltd20$5.77K0.00%00.0%Unchanged
Boreal Capital Management LLC20$5.77K0.00%00.0%Unchanged
Bay Harbor Wealth Management, LLC20$5.77K0.00%+7+53.8%Added
Gleason Group, Inc.20$5.75K0.00%00.0%Unchanged
Legacy Bridge, LLC19$5.49K0.00%+19New