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Livermore
Livermore
ZHEN

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
Golden State Wealth Management, LLC18$5.22K0.00%−159−89.8%Reduced
TFC Financial Management18$5.21K0.00%00.0%Unchanged
Penserra Capital Management LLC18$5.00K0.00%00.0%Unchanged
United Financial Planning Group LLC15$4.33K0.00%+15New
Bare Financial Services, Inc14$4.04K0.00%−2−12.5%Reduced
Winnow Wealth LLC13$3.76K0.00%+5+62.5%Added
Monetary Solutions, Ltd13$3.75K0.00%+13New
Kayne Anderson Rudnick Investment Management LLC12$3.72K0.00%+2+20.0%Added
DiNuzzo Private Wealth, Inc.12$3.46K0.00%00.0%Unchanged
Networth Advisors, LLC12$3.46K0.00%+12New
Burkett Financial Services, LLC11$3.24K0.00%00.0%Unchanged
Raffa Wealth Management, LLC11$3.18K0.00%00.0%Unchanged
Rialto Wealth Management, LLC11$3.18K0.00%+2+22.2%Added
High Note Wealth, LLC10$2.89K0.00%−7−41.2%Reduced
NVWM, LLC9$2.60K0.00%+1+12.5%Added
Principia Wealth Advisory, LLC9$2.60K0.00%+1+12.5%Added
McGuire Capital Advisors Inc9$2.60K0.00%+9New
Investors Portfolio Services LLC9$2.48K0.00%+9New
Anfield Capital Management, LLC8$2.31K0.00%00.0%Unchanged
Hughes Financial Services, LLC8$2.31K0.00%00.0%Unchanged
Core Alternative Capital8$2.25K0.00%−9−52.9%Reduced
Caitlin John, LLC8$2.17K0.00%+1+14.3%Added
Breakwater Investment Management7$2.02K0.00%00.0%Unchanged
S&T Bank7$2.02K0.00%00.0%Unchanged
Wealth Watch Advisors, INC7$2.02K0.00%00.0%Unchanged
Kennebec Savings Bank7$2.02K0.00%00.0%Unchanged
Aviso Financial Inc.7$2.02K0.00%00.0%Unchanged
IMG Wealth Management, Inc.7$2.02K0.00%+3+75.0%Added
Richardson Financial Services Inc.183$1.80K0.00%+5+2.8%Added
HFM Investment Advisors, LLC6$1.73K0.00%00.0%Unchanged
Mascoma Wealth Management LLC6$1.73K0.00%+6New
1015 Capital Partners, LLC6$1.73K0.00%+6New
Wolff Wiese Magana LLC5$1.44K0.00%00.0%Unchanged
Delos Wealth Advisors, LLC4$1.16K0.00%00.0%Unchanged
ZRC Wealth Management, LLC4$1.16K0.00%00.0%Unchanged
Optima Capital LLC4$1.16K0.00%+4New
Key Capital Management, INC4$1.16K0.00%+4New
Arcadia Investment Management Corp3$8670.00%+3New
USA Financial Portformulas Corp3$8660.00%+3New
Signature Resources Capital Management, LLC3$8660.00%+3New
E Fund Management (Hong Kong) Co., Ltd.2$5830.00%00.0%Unchanged
Chilton Capital Management LLC2$5780.00%+2New
Rakuten Securities, Inc.2$5770.00%−1−33.3%Reduced
IMA Wealth, Inc.2$5770.00%00.0%Unchanged
Davis Capital Management2$5770.00%00.0%Unchanged
Triumph Capital Management1$2890.00%+1New
Murphy & Mullick Capital Management Corp1$2890.00%+1New
Whipplewood Advisors, LLC1$2890.00%+1New
NorthAvenue LLC1$2890.00%+1New
POM Investment Strategies, LLC1$2430.00%+1New
Global Wealth Strategies & Associates0$1300.00%−12−100.0%Reduced
Cross Staff Investments Inc765––00.0%Unchanged
Farallon Capital Management, L.L.C.0$00.00%−615,000−100.0%Sold out
AustralianSuper Pty Ltd0$00.00%−216,000−100.0%Sold out
Brandywine Global Investment Management, LLC0$00.00%−136,434−100.0%Sold out
APG Asset Management N.V.0$00.00%−125,300−100.0%Sold out
Kovitz Investment Group Partners, LLC0$00.00%−58,864−100.0%Sold out
Tenere Capital LLC0$00.00%−56,398−100.0%Sold out
Seven Grand Managers, LLC0$00.00%−51,000−100.0%Sold out
Mediolanum International Funds Ltd0$00.00%−39,419−100.0%Sold out
Absolute Gestao de Investimentos Ltda.0$00.00%−33,000−100.0%Sold out
Cornerstone Advisors, LLC0$00.00%−23,300−100.0%Sold out
Ossiam0$00.00%−13,221−100.0%Sold out
Oppenheimer Asset Management Inc.0$00.00%−12,744−100.0%Sold out
NJ State Employees Deferred Compensation Plan0$00.00%−12,700−100.0%Sold out
Winton Group Ltd0$00.00%−11,600−100.0%Sold out
Empowered Funds, LLC0$00.00%−11,008−100.0%Sold out
Yukon Wealth Management, Inc.0$00.00%−7,750−100.0%Sold out
Morningstar Investment Management LLC0$00.00%−6,333−100.0%Sold out
Neo Ivy Capital Management0$00.00%−6,002−100.0%Sold out
Ninepoint Partners LP0$00.00%−5,865−100.0%Sold out
Nomura Holdings Inc0$00.00%−5,384−100.0%Sold out
Pitcairn Co0$00.00%−5,253−100.0%Sold out
Quantitative Investment Management, LLC0$00.00%−4,867−100.0%Sold out
Engineers Gate Manager LP0$00.00%−4,621−100.0%Sold out
Graham Capital Management, L.P.0$00.00%−4,250−100.0%Sold out
Voleon Capital Management LP0$00.00%−4,205−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−4,112−100.0%Sold out
Berkeley Capital Partners, LLC0$00.00%−3,397−100.0%Sold out
Hayek Kallen Investment Management0$00.00%−3,220−100.0%Sold out
Vontobel Holding Ltd.0$00.00%−2,547−100.0%Sold out
Lebenthal Global Advisors, LLC0$00.00%−2,300−100.0%Sold out
Touchstone Capital, Inc.0$00.00%−2,180−100.0%Sold out
Maridea Wealth Management LLC0$00.00%−2,206−100.0%Sold out
Farringdon Capital, Ltd.0$00.00%−2,116−100.0%Sold out
BWM Planning, LLC0$00.00%−2,000−100.0%Sold out
Brighton Jones LLC0$00.00%−1,897−100.0%Sold out
Mach-1 Financial Group, Inc.0$00.00%−1,686−100.0%Sold out
Arete Wealth Advisors, LLC0$00.00%−1,672−100.0%Sold out
Aaron Wealth Advisors0$00.00%−1,599−100.0%Sold out
XTX Topco Ltd0$00.00%−1,539−100.0%Sold out
Davis Investment Partners, LLC0$00.00%−1,401−100.0%Sold out
Buckingham Strategic Partners0$00.00%−1,411−100.0%Sold out
Oak Thistle LLC0$00.00%−1,259−100.0%Sold out
Aspire Private Capital, LLC0$00.00%−1,240−100.0%Sold out
Sanders Morris Harris LLC0$00.00%−1,111−100.0%Sold out
Avestar Capital, LLC0$00.00%−1,109−100.0%Sold out
Catalyst Funds Management Pty Ltd0$00.00%−1,100−100.0%Sold out
TownSquare Capital, LLC0$00.00%−1,092−100.0%Sold out
National Philanthropic Trust0$00.00%−1,053−100.0%Sold out