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 |
|---|---|---|---|---|---|
| Whittier Trust Co | 204,281 | $59.5M | 0.64% | +5,653+2.8% | Added |
| Zacks Investment Management | 204,915 | $59.2M | 0.46% | −1,173−0.6% | Reduced |
| Empyrean Capital Partners, LP | 203,800 | $58.8M | 2.05% | +67,300+49.3% | Added |
| Governors Lane LP | 197,303 | $57.0M | 5.26% | +63,001+46.9% | Added |
| State Board of Administration of Florida Retirement System | 196,629 | $56.8M | 0.10% | −6,894−3.4% | Reduced |
| Aviva PLC | 184,838 | $53.4M | 0.09% | +9,902+5.7% | Added |
| Qube Research & Technologies Ltd | 182,568 | $52.7M | 0.08% | +149,568+453.2% | Added |
| ExodusPoint Capital Management, LP | 181,970 | $52.5M | 0.58% | +79,249+77.1% | Added |
| Capital International Investors | 180,528 | $52.2M | 0.01% | +12,640+7.5% | Added |
| Cerity Partners LLC | 180,588 | $52.1M | 0.08% | +5,288+3.0% | Added |
| Russell Investments Group, Ltd. | 178,000 | $51.4M | 0.06% | −25,772−12.6% | Reduced |
| US Bancorp | 177,054 | $51.1M | 0.06% | −1,833−1.0% | Reduced |
| Colony Group, LLC | 175,575 | $50.8M | 0.06% | +59,580+51.4% | Added |
| New York State Teachers Retirement System | 166,922 | $48.2M | 0.09% | +1,775+1.1% | Added |
| Man Group plc | 165,517 | $47.8M | 0.09% | −34,588−17.3% | Reduced |
| SEI Investments Co | 164,733 | $47.6M | 0.05% | −27,158−14.2% | Reduced |
| Manufacturers Life Insurance Company, The | 162,749 | $47.0M | 0.04% | −5,347−3.2% | Reduced |
| Korea Investment CORP | 162,553 | $46.9M | 0.09% | −14,379−8.1% | Reduced |
| Nine Masts Capital Ltd | 160,852 | $46.4M | 8.01% | +160,852 | New |
| First Trust Advisors LP | 158,215 | $45.7M | 0.03% | −72,600−31.5% | Reduced |
| Berkshire Asset Management LLC | 156,935 | $45.3M | 1.99% | −997−0.6% | Reduced |
| Woodline Partners LP | 153,032 | $44.2M | 0.17% | +16,242+11.9% | Added |
| National Bank of Canada | 151,529 | $43.7M | 0.04% | +7,388+5.1% | Added |
| Swedbank AB | 149,502 | $43.2M | 0.04% | −398−0.3% | Reduced |
| Melqart Asset Management (UK) Ltd | 149,215 | $43.1M | 4.31% | +149,215 | New |
| Great West Life Assurance Co | 146,945 | $42.5M | 0.07% | −73,130−33.2% | Reduced |
| AQR Capital Management LLC | 145,151 | $41.9M | 0.02% | +4,598+3.3% | Added |
| M&T Bank Corp | 141,192 | $40.8M | 0.13% | +2,123+1.5% | Added |
| Jefferies Financial Group Inc. | 138,801 | $40.1M | 0.33% | +801+0.6% | Added |
| Robeco Institutional Asset Management B.V. | 138,194 | $39.9M | 0.06% | +10,910+8.6% | Added |
| Macquarie Group Ltd | 137,519 | $39.7M | 0.17% | +3,968+3.0% | Added |
| Quantinno Capital Management LP | 137,057 | $39.6M | 0.08% | +23,230+20.4% | Added |
| Baird Financial Group, Inc. | 135,169 | $39.0M | 0.06% | −1,838−1.3% | Reduced |
| Reaves W H & Co Inc | 131,000 | $37.8M | 0.66% | −32,700−20.0% | Reduced |
| Water Island Capital LLC | 129,043 | $37.3M | 4.55% | +3,244+2.6% | Added |
| Schonfeld Strategic Advisors LLC | 127,266 | $36.7M | 0.18% | +12,296+10.7% | Added |
| Regions Financial Corp | 126,770 | $36.6M | 0.23% | −1,186−0.9% | Reduced |
| Birnam Oak Advisors, LP | 122,542 | $35.4M | 7.92% | +26,442+27.5% | Added |
| Chevy Chase Trust Holdings, Inc. | 121,126 | $35.0M | 0.09% | −916−0.8% | Reduced |
| Carnegie Capital Asset Management, LLC | 118,961 | $34.3M | 0.63% | +200+0.2% | Added |
| Handelsbanken Fonder AB | 118,875 | $34.3M | 0.10% | +4,497+3.9% | Added |
| State of Wisconsin Investment Board | 116,278 | $33.6M | 0.08% | −2,285−1.9% | Reduced |
| Decagon Asset Management LLP | 116,000 | $33.5M | 14.09% | +116,000 | New |
| Keybank National Association | 114,449 | $33.0M | 0.12% | −1,103−1.0% | Reduced |
| Aristotle Atlantic Partners, LLC | 113,817 | $32.9M | 1.50% | −70,106−38.1% | Reduced |
| Prudential Financial Inc | 113,605 | $32.8M | 0.04% | −14,499−11.3% | Reduced |
| Commonwealth Equity Services, LLC | 113,029 | $32.6M | 0.04% | −11,590−9.3% | Reduced |
| Susquehanna International Group, LLP | 112,812 | $32.6M | 0.04% | +54,485+93.4% | Added |
| Danske Bank A/S | 108,723 | $31.4M | 0.07% | +13,937+14.7% | Added |
| Pictet Asset Management Holding SA | 108,508 | $31.3M | 0.03% | +8,196+8.2% | Added |
| Janney Montgomery Scott LLC | 105,274 | $30.4M | 0.07% | +2,528+2.5% | Added |
| Boussard & Gavaudan Investment Management LLP | 103,369 | $30.0M | 2.27% | +70,411+213.6% | Added |
| Nisa Investment Advisors, LLC | 102,879 | $29.7M | 0.10% | +1,403+1.4% | Added |
| Capstone Investment Advisors, LLC | 102,500 | $29.6M | 0.24% | +32,500+46.4% | Added |
| Captrust Financial Advisors | 101,038 | $29.2M | 0.06% | +1,157+1.2% | Added |
| Natixis Advisors, L.P. | 100,164 | $28.9M | 0.04% | −18,086−15.3% | Reduced |
| Cobalt Capital Management, Inc. | 100,000 | $28.9M | 12.78% | +10,000+11.1% | Added |
| PBU - The Pension Fund of Early Childhood & Youth Educators | 98,659 | $28.5M | 0.41% | +98,659 | New |
| Royal London Asset Management Ltd | 98,026 | $28.3M | 0.06% | −1,221−1.2% | Reduced |
| Geneos Wealth Management Inc. | 97,497 | $28.1M | 0.69% | −51,699−34.7% | Reduced |
| Fifth Third Bancorp | 96,494 | $27.9M | 0.09% | −11,226−10.4% | Reduced |
| Voloridge Investment Management, LLC | 95,000 | $27.4M | 0.10% | +95,000 | New |
| Treasurer of the State of North Carolina | 94,626 | $27.3M | 0.09% | −6,915−6.8% | Reduced |
| Rokos Capital Management LLP | 94,493 | $27.3M | 0.40% | +36,825+63.9% | Added |
| Asset Management One Co.,Ltd. | 93,013 | $27.2M | 0.08% | −1,206−1.3% | Reduced |
| Allianz Asset Management GmbH | 92,913 | $26.8M | 0.03% | −72,408−43.8% | Reduced |
| PSquared Asset Management AG | 92,063 | $26.6M | 12.44% | +92,063 | New |
| CI Private Wealth, LLC | 92,032 | $26.6M | 0.04% | +4,926+5.7% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 91,080 | $26.3M | 0.06% | −641,895−87.6% | Reduced |
| Public Employees Retirement System of Ohio | 90,694 | $26.2M | 0.08% | +481+0.5% | Added |
| Gotham Asset Management, LLC | 90,407 | $26.1M | 0.10% | +24,527+37.2% | Added |
| Stifel Financial Corp | 90,351 | $26.1M | 0.02% | −31,214−25.7% | Reduced |
| Picton Mahoney Asset Management | 90,000 | $26.0M | 0.28% | +10,000+12.5% | Added |
| Waters Parkerson & Co., LLC | 89,929 | $26.0M | 1.28% | −208−0.2% | Reduced |
| Zurich Insurance Group Ltd | 89,569 | $25.9M | 0.18% | +81,969+1,078.5% | Added |
| Grantham, Mayo, Van Otterloo & Co. LLC | 86,720 | $25.0M | 0.06% | +27,686+46.9% | Added |
| TD Asset Management Inc | 85,721 | $24.7M | 0.02% | +2,707+3.3% | Added |
| SG Americas Securities, LLC | 85,564 | $24.7M | 0.03% | +79,543+1,321.1% | Added |
| Sand Grove Capital Management LLP | 84,786 | $24.5M | 8.30% | +394+0.5% | Added |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 84,025 | $24.2M | 0.04% | −9,787−10.4% | Reduced |
| KLP Kapitalforvaltning AS | 82,893 | $23.9M | 0.09% | −320−0.4% | Reduced |
| SummitTX Capital, L.P. | 82,692 | $23.9M | 0.72% | +22,620+37.7% | Added |
| Taylor Financial Group, Inc. | 82,278 | $23.8M | 13.96% | −239−0.3% | Reduced |
| Whittier Trust Co of Nevada Inc | 79,607 | $23.2M | 0.48% | −247−0.3% | Reduced |
| One Fin Capital Management LP | 80,000 | $23.1M | 8.06% | +80,000 | New |
| Cetera Investment Advisers | 79,229 | $22.9M | 0.03% | +977+1.2% | Added |
| Caxton Associates LLP | 79,000 | $22.8M | 0.45% | +31,000+64.6% | Added |
| Harvest Management LLC | 78,300 | $22.6M | 8.37% | +11,900+17.9% | Added |
| Sequoia Financial Advisors, LLC | 77,915 | $22.5M | 0.13% | +1,415+1.8% | Added |
| Creative Planning | 77,912 | $22.5M | 0.02% | +4,239+5.8% | Added |
| State of Tennessee, Treasury Department | 76,445 | $22.3M | 0.07% | −15,086−16.5% | Reduced |
| Nomura Asset Management Co Ltd | 76,958 | $22.2M | 0.06% | +1,900+2.5% | Added |
| State of New Jersey Common Pension Fund D | 76,001 | $21.9M | 0.08% | −2,223−2.8% | Reduced |
| ING Groep NV | 72,899 | $21.0M | 0.13% | +43,895+151.3% | Added |
| Lansforsakringar Fondforvaltning AB (publ) | 71,846 | $20.7M | 0.10% | +534+0.7% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 71,717 | $20.7M | 0.04% | +17,273+31.7% | Added |
| DekaBank Deutsche Girozentrale | 79,305 | $20.7M | 0.04% | 00.0% | Unchanged |
| Resona Asset Management Co.,Ltd. | 70,408 | $20.4M | 0.10% | +346+0.5% | Added |
| NorthCrest Asset Manangement, LLC | 70,066 | $20.2M | 0.45% | +65+0.1% | Added |
| Wealth Enhancement Advisory Services, LLC | 68,259 | $20.1M | 0.03% | −1,552−2.2% | Reduced |