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 |
|---|---|---|---|---|---|
| CIBC World Markets Corp | 31,214 | $9.01M | 0.05% | +31,214 | New |
| Angelo Gordon & Co., L.P. | 30,505 | $8.81M | 0.83% | +25,630+525.7% | Added |
| Yaupon Capital Management LP | 30,407 | $8.78M | 0.43% | −29,637−49.4% | Reduced |
| Heritage Investors Management Corp | 30,367 | $8.77M | 0.26% | −689−2.2% | Reduced |
| JustInvest LLC | 30,358 | $8.76M | 0.09% | +583+2.0% | Added |
| Trust Co of Vermont | 30,276 | $8.74M | 0.36% | −443−1.4% | Reduced |
| NEOS Investment Management LLC | 30,246 | $8.73M | 0.05% | +4,948+19.6% | Added |
| Trust Co of Toledo NA | 29,941 | $8.64M | 0.85% | −798−2.6% | Reduced |
| Rakuten Investment Management, Inc. | 29,518 | $8.62M | 0.03% | +5,889+24.9% | Added |
| Jones Financial Companies LLLP | 29,808 | $8.61M | 0.01% | +3,938+15.2% | Added |
| Centiva Capital, LP | 29,429 | $8.50M | 0.51% | +29,429 | New |
| Klingenstein Fields & Co LP | 29,343 | $8.47M | 0.32% | −126−0.4% | Reduced |
| Johnson Investment Counsel Inc | 28,962 | $8.36M | 0.07% | −2,064−6.7% | Reduced |
| Public Employees Retirement Association of Colorado | 28,773 | $8.31M | 0.03% | −243,592−89.4% | Reduced |
| Capital Investment Advisors, LLC | 28,565 | $8.25M | 0.13% | +317+1.1% | Added |
| Nissay Asset Management Corp | 28,449 | $8.21M | 0.04% | +222+0.8% | Added |
| Wellington Management Group LLP | 28,205 | $8.14M | 0.00% | +1,091+4.0% | Added |
| Sagefield Capital LP | 28,156 | $8.13M | 0.69% | +26,256+1,381.9% | Added |
| BFSG, LLC | 28,150 | $8.13M | 0.79% | −755−2.6% | Reduced |
| Pathstone Holdings, LLC | 27,815 | $8.03M | 0.03% | −257−0.9% | Reduced |
| Yousif Capital Management, LLC | 28,619 | $8.02M | 0.09% | −1,637−5.4% | Reduced |
| Toroso Investments, LLC | 27,376 | $7.90M | 0.03% | −921−3.3% | Reduced |
| HB Wealth Management, LLC | 27,223 | $7.86M | 0.05% | +534+2.0% | Added |
| Running Oak Capital LLC | 26,982 | $7.79M | 0.98% | −1,675−5.8% | Reduced |
| Gateway Investment Advisers LLC | 26,707 | $7.71M | 0.07% | +217+0.8% | Added |
| Pettyjohn, Wood & White, Inc | 26,699 | $7.71M | 1.21% | −111−0.4% | Reduced |
| Ausbil Investment Management Ltd | 26,329 | $7.60M | 4.32% | −7,435−22.0% | Reduced |
| Callan Family Office, LLC | 26,189 | $7.56M | 0.16% | +1,648+6.7% | Added |
| Farmers National Bank | 26,183 | $7.56M | 1.69% | −311−1.2% | Reduced |
| 1st Source Bank | 25,935 | $7.49M | 0.39% | −895−3.3% | Reduced |
| Redmond Asset Management, LLC | 25,914 | $7.48M | 1.91% | −160−0.6% | Reduced |
| Uncommon Cents Investing LLC | 25,816 | $7.45M | 1.80% | −35−0.1% | Reduced |
| Investment House LLC | 25,722 | $7.43M | 0.35% | −146−0.6% | Reduced |
| Oregon Public Employees Retirement Fund | 25,687 | $7.42M | 0.09% | +56+0.2% | Added |
| Earnest Partners LLC | 25,331 | $7.31M | 0.03% | −6,207−19.7% | Reduced |
| Mackenzie Financial Corp | 25,166 | $7.29M | 0.01% | +2,004+8.7% | Added |
| Twin Securities, Inc. | 25,200 | $7.28M | 2.79% | +25,200 | New |
| Capricorn Fund Managers Ltd | 25,000 | $7.22M | 1.74% | +25,000 | New |
| Moors & Cabot, Inc. | 24,823 | $7.17M | 0.31% | −511−2.0% | Reduced |
| OP Asset Management Ltd | 24,820 | $7.17M | 0.09% | +342+1.4% | Added |
| Kornitzer Capital Management Inc | 24,413 | $7.05M | 0.15% | −1,937−7.4% | Reduced |
| Mutual of America Capital Management LLC | 24,101 | $6.96M | 0.07% | −225−0.9% | Reduced |
| Swiss Life Asset Management Ltd | 23,564 | $6.80M | 0.03% | −112−0.5% | Reduced |
| Credit Agricole S A | 22,985 | $6.64M | 0.02% | +9,374+68.9% | Added |
| Gibson Wealth Advisors LLC | 22,709 | $6.56M | 4.49% | 00.0% | Unchanged |
| Two Sigma Investments, LP | 22,693 | $6.55M | 0.01% | +13,473+146.1% | Added |
| Northwestern Mutual Wealth Management Co | 22,612 | $6.53M | 0.00% | −3,415−13.1% | Reduced |
| D.A. Davidson & Co. | 22,506 | $6.50M | 0.04% | −104−0.5% | Reduced |
| South Dakota Investment Council | 22,333 | $6.45M | 0.12% | −1,350−5.7% | Reduced |
| Nordea Investment Management AB | 22,293 | $6.45M | 0.01% | +608+2.8% | Added |
| State of Alaska, Department of Revenue | 22,226 | $6.42M | 0.07% | −2,305−9.4% | Reduced |
| MAI Capital Management | 22,086 | $6.38M | 0.04% | −161−0.7% | Reduced |
| Thompson Siegel & Walmsley LLC | 22,075 | $6.37M | 0.11% | +70.0% | Added |
| Rafferty Asset Management, LLC | 21,784 | $6.29M | 0.02% | −81−0.4% | Reduced |
| Howe & Rusling Inc | 21,730 | $6.27M | 0.42% | +75+0.3% | Added |
| Estabrook Capital Management | 21,500 | $6.21M | 0.91% | −519−2.4% | Reduced |
| RSM US Wealth Management LLC | 21,175 | $6.14M | 0.08% | −1,671−7.3% | Reduced |
| Bokf, NA | 21,228 | $6.13M | 0.09% | −147−0.7% | Reduced |
| Huntington National Bank | 21,032 | $6.07M | 0.04% | −544−2.5% | Reduced |
| Pinebridge Investments LLC | 20,798 | $6.00M | 0.04% | +20,798 | New |
| Warren Averett Asset Management, LLC | 20,797 | $6.00M | 0.05% | +11,237+117.5% | Added |
| Meridian Investment Counsel Inc. | 20,593 | $5.95M | 1.43% | −450−2.1% | Reduced |
| Steward Partners Investment Advisory, LLC | 20,437 | $5.90M | 0.03% | −640−3.0% | Reduced |
| Tiaa Trust, National Association | 20,434 | $5.90M | 0.01% | −20.0% | Reduced |
| Investment Management Corp of Ontario | 20,121 | $5.81M | 0.08% | +8,387+71.5% | Added |
| Bradley Foster & Sargent Inc | 19,949 | $5.76M | 0.08% | +30.0% | Added |
| Burns J W & Co Inc | 19,902 | $5.75M | 0.64% | +95+0.5% | Added |
| Jamison Private Wealth Management, Inc. | 19,831 | $5.73M | 0.70% | −140−0.7% | Reduced |
| ASR Vermogensbeheer N.V. | 19,738 | $5.70M | 0.07% | −163−0.8% | Reduced |
| Private Advisor Group, LLC | 19,706 | $5.69M | 0.03% | −297−1.5% | Reduced |
| Yakira Capital Management, Inc. | 19,700 | $5.69M | 1.91% | +4,925+33.3% | Added |
| Guggenheim Capital LLC | 19,616 | $5.66M | 0.04% | +241+1.2% | Added |
| Cullinan Associates Inc | 19,400 | $5.60M | 0.38% | 00.0% | Unchanged |
| Athos Capital Ltd | 19,400 | $5.60M | 2.26% | −600−3.0% | Reduced |
| UniSuper Management Pty Ltd | 19,396 | $5.60M | 0.03% | −885−4.4% | Reduced |
| Kestra Advisory Services, LLC | 19,344 | $5.59M | 0.02% | +937+5.1% | Added |
| KBC Group NV | 19,039 | $5.50M | 0.01% | 00.0% | Unchanged |
| NewEdge Wealth, LLC | 19,003 | $5.49M | 0.06% | +1,006+5.6% | Added |
| Canandaigua National Bank & Trust Co | 18,973 | $5.48M | 0.49% | −70−0.4% | Reduced |
| Patten & Patten Inc | 18,915 | $5.46M | 0.32% | −690−3.5% | Reduced |
| Elo Mutual Pension Insurance Co | 18,912 | $5.46M | 0.08% | +3,769+24.9% | Added |
| Vestmark Advisory Solutions, Inc. | 18,828 | $5.44M | 0.07% | −2,191−10.4% | Reduced |
| New Republic Capital, LLC | 18,752 | $5.41M | 1.44% | +221+1.2% | Added |
| Pacer Advisors, Inc. | 18,280 | $5.28M | 0.01% | +24+0.1% | Added |
| Silvercrest Asset Management Group LLC | 18,204 | $5.26M | 0.04% | +95+0.5% | Added |
| Bessemer Group Inc | 18,143 | $5.24M | 0.01% | +1,458+8.7% | Added |
| Wealthfront Advisers LLC | 18,099 | $5.23M | 0.01% | +932+5.4% | Added |
| Baxter Bros Inc | 17,846 | $5.15M | 0.60% | −579−3.1% | Reduced |
| Teachers Retirement System of the State of Kentucky | 17,742 | $5.12M | 0.04% | 00.0% | Unchanged |
| Somerset Trust Co | 17,695 | $5.11M | 1.56% | +230+1.3% | Added |
| Atria Investments LLC | 17,600 | $5.08M | 0.06% | −955−5.1% | Reduced |
| CIBRA Capital Ltd | 17,550 | $5.07M | 8.70% | +17,550 | New |
| Independent Investors Inc | 17,517 | $5.06M | 0.94% | 00.0% | Unchanged |
| Cherokee Insurance Co | 17,500 | $5.05M | 2.05% | 00.0% | Unchanged |
| Highland Capital Management, LLC | 17,309 | $5.00M | 0.25% | −775−4.3% | Reduced |
| Douglass Winthrop Advisors, LLC | 17,253 | $4.98M | 0.09% | 00.0% | Unchanged |
| Andra AP-fonden | 17,240 | $4.98M | 0.06% | +17,240 | New |
| Signaturefd, LLC | 17,049 | $4.92M | 0.08% | +650+4.0% | Added |
| Hantz Financial Services, Inc. | 17,045 | $4.92M | 0.07% | −583−3.3% | Reduced |
| Alpine Global Management, LLC | 17,000 | $4.91M | 1.09% | +4,500+36.0% | Added |