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, Q1 2026
Institutional positions in Norfolk Southern Corp as of Mar 31, 2026. 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
- 1,841
- +23 vs. Q4 2025
- Shares held
- 168.1M
- +21.1M (+14.4%) vs. Q4 2025
- Total value
- $48.2B
- +$5.78B (+13.6%) vs. Q4 2025
- New holders
- 134
- 581 more added
- Sold out
- 111
- 669 more reduced
34 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 15,276,111 | $4.38B | 0.08% | +370,317+2.5% | Added |
| Vanguard Capital Management LLC | 14,586,659 | $4.19B | 0.10% | +14,586,659 | New |
| State Street Corp | 9,834,046 | $2.82B | 0.10% | +123,497+1.3% | Added |
| Dodge & Cox | 6,257,750 | $1.80B | 0.99% | −3,366,135−35.0% | Reduced |
| Geode Capital Management, LLC | 5,076,188 | $1.45B | 0.09% | +198,159+4.1% | Added |
| Millennium Management LLC | 4,584,086 | $1.32B | 0.98% | +433,655+10.4% | Added |
| Vanguard Portfolio Management LLC | 4,025,893 | $1.16B | 0.06% | +4,025,893 | New |
| Pentwater Capital Management LP | 3,220,000 | $924.1M | 6.57% | +201,000+6.7% | Added |
| Bank of America Corp | 3,201,093 | $918.7M | 0.07% | −27,625−0.9% | Reduced |
| Northern Trust Corp | 2,637,668 | $757.0M | 0.10% | −54,695−2.0% | Reduced |
| Morgan Stanley | 2,627,420 | $754.1M | 0.05% | −2,570−0.1% | Reduced |
| Citadel Advisors LLC | 2,620,382 | $752.0M | 0.53% | +81,741+3.2% | Added |
| D. E. Shaw & Co., Inc. | 2,263,480 | $649.6M | 0.51% | −14,920−0.7% | Reduced |
| Dimensional Fund Advisors LP | 2,259,558 | $648.4M | 0.13% | +46,127+2.1% | Added |
| Amundi | 2,226,885 | $639.1M | 0.17% | +434,074+24.2% | Added |
| Price T Rowe Associates Inc | 2,129,801 | $611.3M | 0.07% | −648,714−23.3% | Reduced |
| American Century Companies Inc | 2,028,936 | $582.3M | 0.30% | +70.0% | Added |
| Capital World Investors | 2,006,672 | $575.9M | 0.08% | +259,165+14.8% | Added |
| FMR LLC | 1,820,711 | $522.5M | 0.03% | +20,877+1.2% | Added |
| UBS Group AG | 1,778,069 | $510.3M | 0.09% | +725,709+69.0% | Added |
| Invesco Ltd. | 1,767,095 | $507.2M | 0.05% | +210,599+13.5% | Added |
| HBK Investments L P | 1,736,356 | $498.3M | 6.27% | −393,644−18.5% | Reduced |
| Legal & General Group Plc | 1,709,405 | $490.6M | 0.11% | −25,479−1.5% | Reduced |
| London Co of Virginia | 1,700,297 | $488.0M | 3.01% | −110,556−6.1% | Reduced |
| Arrowstreet Capital, Limited Partnership | 1,626,688 | $466.9M | 0.25% | +160,703+11.0% | Added |
| Goldman Sachs Group Inc | 1,625,745 | $466.6M | 0.06% | −16,683−1.0% | Reduced |
| JPMorgan Chase & Co | 1,627,442 | $459.5M | 0.03% | −931,094−36.4% | Reduced |
| Charles Schwab Investment Management Inc | 1,478,895 | $424.4M | 0.06% | +28,736+2.0% | Added |
| Balyasny Asset Management LLC | 1,338,717 | $384.2M | 0.75% | −331,543−19.8% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 1,313,998 | $377.1M | 0.51% | +132,822+11.2% | Added |
| Vanguard Fiduciary Trust Co | 1,264,242 | $362.8M | 0.09% | +1,264,242 | New |
| Bank of New York Mellon Corp | 1,192,855 | $342.3M | 0.06% | −117,661−9.0% | Reduced |
| Fisher Asset Management, LLC | 1,155,414 | $331.6M | 0.11% | +14,424+1.3% | Added |
| UBS Asset Management Americas Inc | 1,154,135 | $331.2M | 0.07% | −8,261−0.7% | Reduced |
| Wells Fargo & Company | 1,043,477 | $299.5M | 0.06% | −32,517−3.0% | Reduced |
| Primecap Management Co | 1,033,410 | $296.6M | 0.23% | +31,227+3.1% | Added |
| Qube Research & Technologies Ltd | 917,991 | $263.5M | 0.37% | +735,423+402.8% | Added |
| Capital Wealth Planning, LLC | 898,374 | $257.8M | 1.42% | +898,374 | New |
| Adage Capital Partners GP, L.L.C. | 854,036 | $245.1M | 0.38% | +55,943+7.0% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 793,222 | $227.7M | 0.21% | −289,133−26.7% | Reduced |
| Squarepoint Ops LLC | 765,651 | $219.7M | 0.47% | −71,503−8.5% | Reduced |
| Cohen & Steers, Inc. | 744,140 | $213.6M | 0.37% | +21,072+2.9% | Added |
| Hotchkis & Wiley Capital Management LLC | 741,668 | $212.9M | 0.66% | −29,000−3.8% | Reduced |
| Verition Fund Management LLC | 731,133 | $209.8M | 2.04% | +144,990+24.7% | Added |
| Deutsche Bank AG | 703,321 | $201.9M | 0.07% | +11,222+1.6% | Added |
| Nuveen, LLC | 668,639 | $191.9M | 0.05% | +169,404+33.9% | Added |
| Swiss National Bank | 658,520 | $189.0M | 0.11% | +44,080+7.2% | Added |
| Sculptor Capital LP | 658,413 | $189.0M | 2.13% | +150,413+29.6% | Added |
| Citigroup Inc | 655,316 | $188.1M | 0.12% | +197,664+43.2% | Added |
| Marshall Wace, LLP | 643,513 | $184.7M | 0.20% | +413,680+180.0% | Added |
| Tudor Investment Corp Et Al | 631,675 | $181.3M | 0.98% | +231,887+58.0% | Added |
| Bank of Nova Scotia | 588,472 | $168.9M | 0.30% | +248,965+73.3% | Added |
| Cincinnati Financial Corp | 587,687 | $168.7M | 3.40% | 00.0% | Unchanged |
| Alliancebernstein L.P. | 571,572 | $165.0M | 0.05% | +17,341+3.1% | Added |
| Neuberger Berman Group LLC | 566,607 | $162.6M | 0.12% | −36,041−6.0% | Reduced |
| Kryger Capital LLC | 530,269 | $152.2M | 10.76% | +530,269 | New |
| National Pension Service | 530,245 | $152.2M | 0.12% | −31,402−5.6% | Reduced |
| Canada Pension Plan Investment Board | 520,482 | $149.4M | 0.10% | −122,771−19.1% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 509,292 | $146.2M | 0.10% | +41,472+8.9% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 504,042 | $144.7M | 0.09% | −20,626−3.9% | Reduced |
| Westchester Capital Management, LLC | 501,638 | $144.0M | 6.97% | +114,042+29.4% | Added |
| FIL Ltd | 490,758 | $140.8M | 0.11% | −176,157−26.4% | Reduced |
| Vanguard Global Advisers, LLC | 490,191 | $140.7M | 0.08% | +490,191 | New |
| Alpine Associates Management Inc. | 464,455 | $133.3M | 7.86% | −3,700−0.8% | Reduced |
| SG Americas Securities, LLC | 459,805 | $132.0M | 0.15% | +374,241+437.4% | Added |
| Davenport & Co LLC | 451,092 | $129.0M | 0.72% | −849−0.2% | Reduced |
| HSBC Holdings PLC | 448,091 | $128.4M | 0.08% | +73,124+19.5% | Added |
| Royal Bank of Canada | 444,019 | $127.4M | 0.02% | −265,633−37.4% | Reduced |
| CNH Partners LLC | 446,139 | $126.6M | 2.08% | +103,660+30.3% | Added |
| LMR Partners LLP | 434,777 | $124.8M | 1.15% | +126,697+41.1% | Added |
| Rhumbline Advisers | 424,758 | $121.9M | 0.10% | +903+0.2% | Added |
| Vanguard Asset Management, Ltd | 422,518 | $121.3M | 0.10% | +422,518 | New |
| California Public Employees Retirement System | 415,656 | $119.3M | 0.07% | +1,520+0.4% | Added |
| Hudson Bay Capital Management LP | 412,553 | $118.4M | 0.71% | +77,233+23.0% | Added |
| Barclays PLC | 411,590 | $118.1M | 0.04% | −33,087−7.4% | Reduced |
| Eurizon Capital SGR S.p.A. | 411,499 | $117.7M | 0.37% | −136,951−25.0% | Reduced |
| Assenagon Asset Management S.A. | 360,469 | $103.5M | 0.17% | +126,290+53.9% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 353,729 | $101.5M | 0.52% | −6,756−1.9% | Reduced |
| The PNC Financial Services Group, Inc. | 352,998 | $101.3M | 0.06% | −8,910−2.5% | Reduced |
| Laurion Capital Management LP | 351,648 | $100.9M | 9.47% | 00.0% | Unchanged |
| Caxton Associates LLP | 338,126 | $97.0M | 2.25% | +259,126+328.0% | Added |
| TIG Advisors, LLC | 336,198 | $96.5M | 4.61% | +116,475+53.0% | Added |
| Raymond James Financial Inc | 332,428 | $95.4M | 0.03% | −35,843−9.7% | Reduced |
| BNP Paribas Arbitrage, SA | 317,367 | $91.1M | 0.06% | +51,316+19.3% | Added |
| Empyrean Capital Partners, LP | 317,100 | $91.0M | 3.03% | +113,300+55.6% | Added |
| California State Teachers Retirement System | 311,720 | $89.5M | 0.09% | −9,522−3.0% | Reduced |
| Standard Life Aberdeen plc | 301,369 | $86.5M | 0.14% | −154,373−33.9% | Reduced |
| Ameriprise Financial Inc | 295,360 | $84.7M | 0.02% | −8,650−2.8% | Reduced |
| Markel Group Inc.SuperinvestorMarkel Group | 282,500 | $81.1M | 0.68% | +9,000+3.3% | Added |
| HighTower Advisors, LLC | 276,905 | $79.5M | 0.08% | −5,186−1.8% | Reduced |
| Magnetar Financial LLC | 275,161 | $77.7M | 0.79% | −68,823−20.0% | Reduced |
| LPL Financial LLC | 268,596 | $77.1M | 0.02% | −7,018−2.5% | Reduced |
| Principal Financial Group Inc | 265,570 | $76.2M | 0.04% | −4,756−1.8% | Reduced |
| Clearstead Advisors, LLC | 250,090 | $71.8M | 0.66% | −14,847−5.6% | Reduced |
| Calamos Advisors LLC | 244,559 | $70.2M | 0.27% | +31,837+15.0% | Added |
| New York State Common Retirement Fund | 243,120 | $69.8M | 0.10% | +2,200+0.9% | Added |
| Envestnet Asset Management Inc | 230,615 | $66.2M | 0.02% | −130,408−36.1% | Reduced |
| Governors Lane LP | 229,334 | $65.8M | 8.21% | +32,031+16.2% | Added |
| State of Wisconsin Investment Board | 227,101 | $65.2M | 0.15% | +110,823+95.3% | Added |
| ING Groep NV | 224,263 | $64.4M | 0.39% | +151,364+207.6% | Added |