Norfolk Southern Corp

NSC

Exchange: NYSE
Industry: Railroads, Line-Haul Operating
SEC CIK: 0000702165

SEC filings (opens in a new tab)

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.

Institutional holdersQ1 2026: 1,841 institutions

Value heldQ1 2026: $48.2B

Institutions holding NSC and their total value by quarter
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.

Institutions holding NSC in Q1 2026
Institution	Shares	Value	% of portfolio	Change in shares	Action
Global Wealth Strategies & Associates	0	$130	0.00%	0	Unchanged
Rakuten Securities, Inc.	1	$287	0.00%	−1−50.0%	Reduced
Murphy & Mullick Capital Management Corp	1	$287	0.00%	00.0%	Unchanged
IMA Wealth, Inc.	2	$574	0.00%	00.0%	Unchanged
Davis Capital Management	2	$574	0.00%	00.0%	Unchanged
Triumph Capital Management	2	$574	0.00%	+1+100.0%	Added
Freestone Grove Partners LP	2	$574	0.00%	+2	New
Tidemark, LLC	2	$574	0.00%	+2	New
Intentional Wealth Strategies, LLC	2	$574	0.00%	+2	New
Raleigh Capital Management Inc.	2	$611	0.00%	−950−99.8%	Reduced
Arcadia Investment Management Corp	3	$861	0.00%	00.0%	Unchanged
USA Financial Portformulas Corp	3	$861	0.00%	00.0%	Unchanged
Signature Resources Capital Management, LLC	3	$861	0.00%	00.0%	Unchanged
TopTier Wealth Management, LLC	3	$861	0.00%	+3	New
Phillip James Consulting Co.	3	$1.00K	0.00%	+3	New
ZRC Wealth Management, LLC	4	$1.15K	0.00%	00.0%	Unchanged
Bard Associates Inc	4	$1.15K	0.00%	+4	New
Investors Portfolio Services LLC	4	$1.24K	0.00%	−5−55.6%	Reduced
Wolff Wiese Magana LLC	5	$1.44K	0.00%	00.0%	Unchanged
McGuire Capital Advisors Inc	6	$1.72K	0.00%	−3−33.3%	Reduced
HFM Investment Advisors, LLC	6	$1.72K	0.00%	00.0%	Unchanged
Mascoma Wealth Management LLC	6	$1.72K	0.00%	00.0%	Unchanged
Elequin Capital LP	6	$1.72K	0.00%	+6	New
Legacy Wealth Managment, LLC	6	$1.72K	0.00%	+6	New
Core Alternative Capital	7	$2.01K	0.00%	−1−12.5%	Reduced
Breakwater Investment Management	7	$2.01K	0.00%	00.0%	Unchanged
S&T Bank	7	$2.01K	0.00%	00.0%	Unchanged
Kennebec Savings Bank	7	$2.01K	0.00%	00.0%	Unchanged
1015 Capital Partners, LLC	7	$2.01K	0.00%	+1+16.7%	Added
Caitlin John, LLC	8	$2.17K	0.00%	00.0%	Unchanged
CBIZ Investment Advisory Services, LLC	8	$2.30K	0.00%	−40−83.3%	Reduced
Anfield Capital Management, LLC	8	$2.30K	0.00%	00.0%	Unchanged
GoalVest Advisory LLC	9	$2.58K	0.00%	−84−90.3%	Reduced
NVWM, LLC	9	$2.58K	0.00%	00.0%	Unchanged
Security National Bank	9	$2.58K	0.00%	+9	New
Kayne Anderson Rudnick Investment Management LLC	10	$2.87K	0.00%	−2−16.7%	Reduced
IMG Wealth Management, Inc.	10	$2.87K	0.00%	+3+42.9%	Added
Hughes Financial Services, LLC	11	$3.16K	0.00%	+3+37.5%	Added
Burkett Financial Services, LLC	11	$3.23K	0.00%	00.0%	Unchanged
Signature Equity Partners, LLC	12	$3.44K	0.00%	−40−76.9%	Reduced
DiNuzzo Private Wealth, Inc.	12	$3.44K	0.00%	00.0%	Unchanged
Capital & Planning, LLC	12	$3.44K	0.00%	+12	New
Monetary Solutions, Ltd	13	$3.73K	0.00%	00.0%	Unchanged
Raffa Wealth Management, LLC	13	$3.73K	0.00%	+2+18.2%	Added
Principia Wealth Advisory, LLC	13	$3.73K	0.00%	+4+44.4%	Added
Portus Wealth Advisors, LLC	13	$3.73K	0.00%	+13	New
Greykasell Wealth Strategies, Inc.	14	$4.02K	0.00%	+14	New
Aventus Investment Advisors, Inc.	15	$4.30K	0.00%	−10−40.0%	Reduced
Key Capital Management, INC	15	$4.30K	0.00%	+11+275.0%	Added
Rialto Wealth Management, LLC	17	$4.88K	0.00%	+6+54.5%	Added
Penserra Capital Management LLC	18	$5.00K	0.00%	00.0%	Unchanged
Bare Financial Services, Inc	18	$5.17K	0.00%	+4+28.6%	Added
Burk Holdings LLC	18	$5.17K	0.00%	+18	New
TFC Financial Management	18	$5.18K	0.00%	00.0%	Unchanged
Golden State Wealth Management, LLC	18	$5.21K	0.00%	00.0%	Unchanged
Marquette Asset Management, LLC	19	$5.45K	0.00%	−1−5.0%	Reduced
Gleason Group, Inc.	20	$5.74K	0.00%	00.0%	Unchanged
Boreal Capital Management LLC	20	$5.74K	0.00%	00.0%	Unchanged
Whipplewood Advisors, LLC	21	$6.03K	0.00%	+20+2,000.0%	Added
Scarborough Advisors, LLC	22	$6.33K	0.00%	+22	New
Cetera Trust Company, N.A	23	$6.60K	0.00%	00.0%	Unchanged
DT Investment Partners, LLC	24	$6.89K	0.00%	00.0%	Unchanged
Y.D. More Investments Ltd	7,749	$7.03K	0.00%	−97−1.2%	Reduced
Byrne Asset Management LLC	25	$7.17K	0.00%	00.0%	Unchanged
MJT & Associates Financial Advisory Group, Inc.	29	$8.32K	0.01%	00.0%	Unchanged
Bay Harbor Wealth Management, LLC	29	$8.32K	0.00%	+9+45.0%	Added
High Note Wealth, LLC	29	$8.32K	0.00%	+19+190.0%	Added
Cornerstone Financial Management LLC	31	$8.90K	0.01%	+4+14.8%	Added
Kilter Group LLC	34	$9.76K	0.00%	+5+17.2%	Added
Coston, McIsaac & Partners	35	$10.0K	0.00%	+1+2.9%	Added
Eukles Asset Management	35	$10.0K	0.00%	00.0%	Unchanged
Aspect Partners, LLC	35	$10.0K	0.00%	00.0%	Unchanged
United Financial Planning Group LLC	35	$10.0K	0.01%	+20+133.3%	Added
Retirement Wealth Solutions LLC	39	$11.2K	0.01%	−16−29.1%	Reduced
Truvestments Capital LLC	40	$11.5K	0.00%	00.0%	Unchanged
Arlington Trust Co LLC	40	$11.5K	0.00%	+17+73.9%	Added
Consultiva Wealth Management, Corp.	42	$12.1K	0.03%	00.0%	Unchanged
Ankerstar Wealth, LLC	42	$12.1K	0.01%	00.0%	Unchanged
Sachetta, LLC	44	$12.6K	0.01%	+6+15.8%	Added
E Fund Management (Hong Kong) Co., Ltd.	45	$12.9K	0.01%	+43+2,150.0%	Added
Elevated Capital Advisors, LLC	46	$13.2K	0.00%	−25−35.2%	Reduced
City State Bank	49	$14.1K	0.00%	+5+11.4%	Added
Arvest Investments, Inc.	50	$14.3K	0.00%	00.0%	Unchanged
First Community Trust NA	50	$14.3K	0.01%	00.0%	Unchanged
Silver Grove Financial Group, Inc.	50	$14.3K	0.01%	+50	New
Strategic Wealth Partners, Ltd.	50	$14.4K	0.00%	+2+4.2%	Added
Robinswood Financial LLC	50	$14.4K	0.00%	00.0%	Unchanged
Avion Wealth	53	$15.0K	0.00%	+8+17.8%	Added
Cornerstone Planning Group LLC	49	$15.1K	0.00%	−37−43.0%	Reduced
Sfam, LLC	54	$15.5K	0.01%	00.0%	Unchanged
Axiom Investment Management LLC	58	$16.6K	0.01%	+58	New
Country Trust Bank	60	$17.2K	0.00%	00.0%	Unchanged
RWM Asset Management, LLC	60	$17.2K	0.00%	+60	New
Bell Investment Advisors, Inc	63	$18.1K	0.00%	+2+3.3%	Added
Valued Wealth Advisors LLC	64	$18.3K	0.01%	−16−20.0%	Reduced
Bayforest Capital Ltd	65	$18.7K	0.02%	−371−85.1%	Reduced
Morse Asset Management, Inc	65	$18.7K	0.00%	00.0%	Unchanged
MidFirst Bank	67	$19.2K	0.00%	+1+1.5%	Added
Dogwood Wealth Management LLC	67	$19.2K	0.01%	+20+42.6%	Added
Activest Wealth Management	68	$19.5K	0.00%	+25+58.1%	Added