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 |
|---|---|---|---|---|---|
| Guyasuta Investment Advisors Inc | 3,817 | $1.10M | 0.06% | −7−0.2% | Reduced |
| HORAN Wealth, LLC | 3,803 | $1.10M | 0.17% | +5+0.1% | Added |
| Foundations Investment Advisors, LLC | 3,787 | $1.09M | 0.01% | −30−0.8% | Reduced |
| SRS Capital Advisors, Inc. | 3,778 | $1.09M | 0.03% | −3,020−44.4% | Reduced |
| Broderick Brian C | 3,750 | $1.08M | 0.20% | 00.0% | Unchanged |
| Fayez Sarofim & Co | 3,748 | $1.08M | 0.00% | −150−3.8% | Reduced |
| Acropolis Investment Management, LLC | 3,725 | $1.08M | 0.05% | −20−0.5% | Reduced |
| Firestone Capital Management | 3,715 | $1.07M | 0.23% | 00.0% | Unchanged |
| Navellier & Associates Inc | 3,700 | $1.07M | 0.12% | 00.0% | Unchanged |
| Syon Capital LLC | 3,697 | $1.07M | 0.05% | −14−0.4% | Reduced |
| Philadelphia Trust Co | 3,696 | $1.07M | 0.07% | 00.0% | Unchanged |
| Cyndeo Wealth Partners, LLC | 3,691 | $1.07M | 0.06% | 00.0% | Unchanged |
| Mutual Advisors, LLC | 3,687 | $1.06M | 0.02% | +29+0.8% | Added |
| Catalytic Wealth RIA, LLC | 3,679 | $1.06M | 0.04% | −3,688−50.1% | Reduced |
| North Star Asset Management Inc | 3,679 | $1.06M | 0.04% | −25−0.7% | Reduced |
| Park Place Capital Corp | 3,668 | $1.06M | 0.22% | 00.0% | Unchanged |
| Bollard Group LLC | 3,661 | $1.06M | 0.03% | 00.0% | Unchanged |
| Aventura Private Wealth, LLC | 3,660 | $1.06M | 0.38% | −68−1.8% | Reduced |
| Schulhoff & Co Inc | 3,635 | $1.05M | 0.44% | 00.0% | Unchanged |
| Wealthcare Advisory Partners LLC | 3,629 | $1.05M | 0.02% | −81−2.2% | Reduced |
| Quadcap Wealth Management, LLC | 3,625 | $1.05M | 0.12% | +70+2.0% | Added |
| Horizon Investments, LLC | 3,605 | $1.04M | 0.01% | −2,788−43.6% | Reduced |
| Paradigm Asset Management Co LLC | 3,600 | $1.04M | 0.24% | −200−5.3% | Reduced |
| Financial Security Advisor, Inc. | 3,598 | $1.04M | 0.20% | +2+0.1% | Added |
| Probity Advisors, Inc. | 3,592 | $1.04M | 0.17% | −285−7.4% | Reduced |
| Key Financial Inc | 3,583 | $1.03M | 0.19% | 00.0% | Unchanged |
| Chicago Trust Co NA | 3,558 | $1.03M | 0.16% | −213−5.6% | Reduced |
| Shayne & Co., LLC | 3,546 | $1.02M | 0.31% | 00.0% | Unchanged |
| IFG Advisory, LLC | 3,545 | $1.02M | 0.04% | +50+1.4% | Added |
| Athena Investment Management | 3,543 | $1.02M | 0.52% | 00.0% | Unchanged |
| Mitchell McLeod Pugh & Williams Inc | 3,309 | $1.01M | 0.14% | 00.0% | Unchanged |
| Rodgers Brothers Inc. | 3,509 | $1.01M | 0.12% | 00.0% | Unchanged |
| Cottage Street Advisors LLC | 3,505 | $1.01M | 0.43% | +5+0.1% | Added |
| Evermay Wealth Management LLC | 3,505 | $1.01M | 0.11% | −30−0.8% | Reduced |
| Dorsey & Whitney Trust CO LLC | 3,504 | $1.01M | 0.05% | −1,937−35.6% | Reduced |
| Pincus Capital Management, LP | 3,500 | $1.01M | 0.67% | +3,500 | New |
| Pallas Capital Advisors LLC | 3,496 | $1.01M | 0.03% | +63+1.8% | Added |
| Inscription Capital, LLC | 3,496 | $1.01M | 0.10% | +10.0% | Added |
| Pekin Hardy Strauss, Inc. | 3,493 | $1.01M | 0.09% | +2,501+252.1% | Added |
| Tull Financial Group, Inc. | 3,485 | $1.01M | 0.43% | −20−0.6% | Reduced |
| Malaga Cove Capital, LLC | 3,430 | $990.3K | 0.34% | −4−0.1% | Reduced |
| Great Lakes Advisors, LLC | 3,429 | $989.9K | 0.01% | −22−0.6% | Reduced |
| Wedgewood Investors Inc | 3,425 | $988.9K | 1.13% | −200−5.5% | Reduced |
| Searle & Co. | 3,422 | $988.0K | 0.25% | 00.0% | Unchanged |
| Financial Sense Advisors, Inc. | 3,420 | $987.4K | 0.18% | 00.0% | Unchanged |
| Allegheny Financial Group LTD | 3,408 | $984.0K | 0.15% | +4+0.1% | Added |
| Integrated Advisors Network LLC | 3,394 | $980.0K | 0.04% | −261−7.1% | Reduced |
| Kovack Advisors, Inc. | 3,365 | $971.6K | 0.05% | +2,488+283.7% | Added |
| FineMark National Bank & Trust | 3,363 | $971.0K | 0.03% | −177−5.0% | Reduced |
| Tema ETFs LLC | 3,358 | $969.5K | 0.08% | −8−0.2% | Reduced |
| Anchor Capital Advisors LLC | 3,347 | $966.3K | 0.03% | −1,258−27.3% | Reduced |
| ION Fund Management Ltd | 3,335 | $962.9K | 0.12% | +3,335 | New |
| Millstone Evans Group, LLC | 3,327 | $960.6K | 0.57% | −34−1.0% | Reduced |
| Clearbridge Investments, LLC | 3,300 | $952.8K | 0.00% | 00.0% | Unchanged |
| Waldron Private Wealth LLC | 3,297 | $951.9K | 0.04% | −200−5.7% | Reduced |
| Dearborn Partners LLC | 3,282 | $947.5K | 0.05% | −228−6.5% | Reduced |
| Catalyst Financial Partners LLC | 3,280 | $947.0K | 0.11% | +812+32.9% | Added |
| Factorial Partners, LLC | 3,270 | $944.1K | 0.62% | 00.0% | Unchanged |
| MBL Wealth, LLC | 3,267 | $943.2K | 0.08% | −45−1.4% | Reduced |
| Summit Financial, LLC | 3,249 | $938.1K | 0.01% | −201−5.8% | Reduced |
| ICW Investment Advisors LLC | 3,236 | $934.3K | 0.34% | −16−0.5% | Reduced |
| Westbourne Investment Advisors, Inc. | 3,222 | $930.3K | 0.26% | 00.0% | Unchanged |
| Marble Wealth, LLC | 3,220 | $929.8K | 0.13% | +3,220 | New |
| First Citizens Bank & Trust Co | 3,217 | $928.8K | 0.02% | +11+0.3% | Added |
| Exencial Wealth Advisors, LLC | 3,216 | $928.5K | 0.03% | +35+1.1% | Added |
| Aull & Monroe Investment Management Corp | 3,209 | $926.5K | 0.46% | 00.0% | Unchanged |
| Patton Albertson Miller Group, LLC | 3,207 | $925.9K | 0.11% | −188−5.5% | Reduced |
| River Wealth Advisors LLC | 3,200 | $923.9K | 0.10% | 00.0% | Unchanged |
| Signature Estate & Investment Advisors LLC | 3,178 | $917.4K | 0.02% | −19−0.6% | Reduced |
| Everpar Advisors LLC | 3,163 | $913.2K | 0.34% | +98+3.2% | Added |
| Norman Fields, Gottscho Capital Management, LLC | 3,150 | $909.5K | 0.29% | −115−3.5% | Reduced |
| Parkside Financial Bank & Trust | 3,143 | $907.4K | 0.07% | +31+1.0% | Added |
| Welch Group, LLC | 3,123 | $901.7K | 0.03% | −90−2.8% | Reduced |
| Farmers Trust Co | 3,121 | $901.1K | 0.15% | 00.0% | Unchanged |
| Longfellow Investment Management Co LLC | 3,120 | $900.8K | 0.20% | 00.0% | Unchanged |
| Federated Hermes, Inc. | 3,119 | $900.5K | 0.00% | −1,171−27.3% | Reduced |
| Confluence Wealth Services, Inc. | 3,090 | $892.1K | 0.04% | +35+1.1% | Added |
| Sumitomo Life Insurance Co | 3,087 | $891.3K | 0.02% | +70+2.3% | Added |
| Legacy Capital Group California, Inc. | 3,080 | $889.3K | 0.22% | −16−0.5% | Reduced |
| Aberdeen Wealth Management LLC | 3,070 | $886.4K | 0.41% | +10.0% | Added |
| Northcape Wealth Management, LLC | 3,067 | $885.5K | 0.25% | −33−1.1% | Reduced |
| Dynamic Advisor Solutions LLC | 3,044 | $878.9K | 0.03% | +68+2.3% | Added |
| Mairs & Power Inc | 3,035 | $876.3K | 0.01% | −19−0.6% | Reduced |
| Horizon Kinetics Asset Management LLC | 3,033 | $875.7K | 0.01% | −240−7.3% | Reduced |
| Smith, Moore & Co. | 3,032 | $875.3K | 0.07% | −11−0.4% | Reduced |
| Dover Advisors, LLC | 3,002 | $866.7K | 0.34% | −424−12.4% | Reduced |
| Harbor Advisors LLC | 3,000 | $866.2K | 0.13% | 00.0% | Unchanged |
| Chilton Investment Co LLC | 2,991 | $863.6K | 0.02% | 00.0% | Unchanged |
| Advocate Group LLC | 2,977 | $859.5K | 0.14% | −28−0.9% | Reduced |
| Garner Asset Management Corp | 2,962 | $855.3K | 0.33% | +292+10.9% | Added |
| Chesapeake Capital Corp | 2,950 | $851.7K | 0.71% | 00.0% | Unchanged |
| Schrum Private Wealth Management LLC | 2,950 | $851.7K | 0.63% | 00.0% | Unchanged |
| Cambria Investment Management, L.P. | 2,949 | $851.4K | 0.05% | −13−0.4% | Reduced |
| Alan B. Lancz & Associates, Inc. | 2,941 | $849.1K | 0.75% | 00.0% | Unchanged |
| Everhart Financial Group, Inc. | 2,921 | $843.4K | 0.08% | +47+1.6% | Added |
| XML Financial, LLC | 2,917 | $842.2K | 0.07% | −92−3.1% | Reduced |
| CoreCap Advisors, LLC | 2,910 | $840.2K | 0.03% | −85−2.8% | Reduced |
| Live Oak Private Wealth LLC | 2,910 | $840.2K | 0.11% | 00.0% | Unchanged |
| Atomi Financial Group, Inc. | 2,888 | $833.8K | 0.02% | +299+11.5% | Added |
| Vestor Capital, LLC | 2,402 | $832.0K | 0.06% | −481−16.7% | Reduced |