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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.

Institutional holdersQ1 2026: 1,841 institutions
Q1 2021: 1,514 institutionsQ2 2021: 1,546 institutionsQ3 2021: 1,494 institutionsQ4 2021: 1,644 institutionsQ1 2022: 1,646 institutionsQ2 2022: 1,543 institutionsQ3 2022: 1,501 institutionsQ4 2022: 1,592 institutionsQ1 2023: 1,500 institutionsQ2 2023: 1,529 institutionsQ3 2023: 1,444 institutionsQ4 2023: 1,585 institutionsQ1 2024: 1,628 institutionsQ2 2024: 1,565 institutionsQ3 2024: 1,612 institutionsQ4 2024: 1,686 institutionsQ1 2025: 1,656 institutionsQ2 2025: 1,693 institutionsQ3 2025: 1,801 institutionsQ4 2025: 1,852 institutionsQ1 2026: 1,841 institutionsQ2 2026: 1,869 institutions
Value heldQ1 2026: $48.2B
Q1 2021: $49.7BQ2 2021: $48.1BQ3 2021: $42.6BQ4 2021: $52.7BQ1 2022: $50.2BQ2 2022: $39.6BQ3 2022: $36.1BQ4 2022: $41.8BQ1 2023: $35.4BQ2 2023: $37.9BQ3 2023: $33.1BQ4 2023: $40.1BQ1 2024: $43.1BQ2 2024: $36.7BQ3 2024: $42.4BQ4 2024: $41.0BQ1 2025: $41.2BQ2 2025: $45.1BQ3 2025: $50.8BQ4 2025: $49.8BQ1 2026: $48.2BQ2 2026: $53.6B
Institutions holding NSC and their total value by quarter
QuarterHoldersValue
Q2 20261,869$53.6B
Q1 20261,841$48.2B
Q4 20251,852$49.8B
Q3 20251,801$50.8B
Q2 20251,693$45.1B
Q1 20251,656$41.2B
Q4 20241,686$41.0B
Q3 20241,612$42.4B
Q2 20241,565$36.7B
Q1 20241,628$43.1B
Q4 20231,585$40.1B
Q3 20231,444$33.1B
Q2 20231,529$37.9B
Q1 20231,500$35.4B
Q4 20221,592$41.8B
Q3 20221,501$36.1B
Q2 20221,543$39.6B
Q1 20221,646$50.2B
Q4 20211,644$52.7B
Q3 20211,494$42.6B
Q2 20211,546$48.1B
Q1 20211,514$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
InstitutionSharesValue% of portfolioChange in sharesAction
Laird Norton Trust Company, LLC8,848$2.54M0.06%−190−2.1%Reduced
Fisher Funds Management LTD8,885$2.55M0.07%00.0%Unchanged
Nilsine Partners, LLC8,008$2.55M0.20%−81−1.0%Reduced
Banque Cantonale Vaudoise8,909$2.56M0.10%+172+2.0%Added
ZEGA Investments, LLC8,936$2.56M0.49%+20.0%Added
Naples Global Advisors, LLC9,054$2.60M0.19%+26+0.3%Added
Bahl & Gaynor Inc9,076$2.60M0.01%−10−0.1%Reduced
United Capital Financial Advisers, LLC9,126$2.62M0.02%−82−0.9%Reduced
Avidian Wealth Solutions, LLC9,133$2.62M0.08%+9,133New
Mill Capital Management, LLC9,138$2.62M0.20%00.0%Unchanged
Hancock Whitney Corp8,522$2.64M0.05%−174−2.0%Reduced
Delta Capital Management LLC9,190$2.64M1.45%−820−8.2%Reduced
MUFG Securities EMEA plc9,208$2.64M0.04%00.0%Unchanged
Kentucky Trust Co9,270$2.66M1.39%−25−0.3%Reduced
Generali Asset Management SPA SGR9,318$2.67M0.06%−4,827−34.1%Reduced
Scotia Capital Inc.9,328$2.68M0.01%+4,655+99.6%Added
Partners in Financial Planning9,376$2.69M0.45%00.0%Unchanged
Summit Trail Advisors, LLC9,386$2.69M0.04%+1,775+23.3%Added
CWM Advisors, LLC9,396$2.70M0.16%+9,313+11,220.5%Added
Jane Street Group, LLC9,402$2.70M0.00%−251,967−96.4%Reduced
Sagespring Wealth Partners, LLC9,442$2.71M0.05%+4,809+103.8%Added
Norinchukin Bank, The9,466$2.72M0.03%−954−9.2%Reduced
Brown Brothers Harriman & Co9,524$2.73M0.01%+475+5.2%Added
Stephens Inc9,547$2.74M0.03%−132−1.4%Reduced
Community Trust & Investment Co9,547$2.74M0.15%−75−0.8%Reduced
Financial Network Wealth Management LLC9,586$2.75M0.87%00.0%Unchanged
AG2R la Mondiale Gestion D'Actifs9,606$2.76M0.13%+127+1.3%Added
Empire Financial Management Company, LLC9,616$2.76M0.62%+223+2.4%Added
EP Wealth Advisors, LLC9,686$2.78M0.01%−446−4.4%Reduced
Earnest Partners LLC9,777$2.81M0.01%−15,554−61.4%Reduced
Fox Hill Wealth Management9,785$2.81M1.35%−6−0.1%Reduced
Vazirani Asset Management LLC10,000$2.87M6.62%−5,000−33.3%Reduced
Nordwand Advisors, LLC10,075$2.89M0.51%00.0%Unchanged
Beverly Hills Private Wealth, LLC10,114$2.90M0.48%+216+2.2%Added
Thrivent Financial for Lutherans10,135$2.91M0.01%−18−0.2%Reduced
St. Nicholas Private Asset Management, Inc10,210$2.93M2.74%00.0%Unchanged
Intech Investment Management LLC10,210$2.93M0.03%+2,997+41.5%Added
HHM Wealth Advisors, LLC10,215$2.93M0.34%+359+3.6%Added
Farmers & Merchants Investments Inc10,219$2.93M0.08%−261−2.5%Reduced
Beese Fulmer Investment Management, Inc.10,300$2.96M0.19%+786+8.3%Added
Gold Investment Management Ltd.10,347$2.97M0.92%+174+1.7%Added
Prime Capital Investment Advisors, LLC10,354$2.97M0.03%+1,382+15.4%Added
New Mexico Educational Retirement Board10,376$2.98M0.09%00.0%Unchanged
Apollon Wealth Management, LLC10,396$2.98M0.05%−20.0%Reduced
Murphy Pohlad Asset Management LLC10,422$2.99M1.07%−78−0.7%Reduced
Principle Wealth Partners LLC10,519$3.02M0.17%−265−2.5%Reduced
Omers Administration Corp10,526$3.02M0.02%+2,407+29.6%Added
Ancora Advisors, LLC10,553$3.03M0.06%−1,720−14.0%Reduced
RiverFront Investment Group, LLC10,553$3.03M0.05%+6,379+152.8%Added
Snowden Capital Advisors LLC10,598$3.04M0.08%+1,457+15.9%Added
3Chopt Investment Partners, LLC10,613$3.05M0.70%+248+2.4%Added
Stratos Wealth Partners, LTD.10,635$3.05M0.03%+450+4.4%Added
Community Bank & Trust, Waco, Texas10,661$3.06M0.62%−40−0.4%Reduced
Nicolet Bankshares Inc10,706$3.07M0.11%+6,384+147.7%Added
Oak Asset Management, LLC10,735$3.08M1.06%−445−4.0%Reduced
West Paces Advisors Inc.10,746$3.08M0.60%00.0%Unchanged
Allspring Global Investments Holdings, LLC10,864$3.12M0.01%+177+1.7%Added
Oppenheimer & Co Inc11,031$3.17M0.04%−852−7.2%Reduced
Hills Bank & Trust Co11,034$3.17M0.15%−1,387−11.2%Reduced
Rothschild Investment LLC11,035$3.17M0.17%+206+1.9%Added
Tiaa-Cref Individual & Institutional Services, LLC11,074$3.18M0.01%+11,074New
Midwest Professional Planners, LTD.11,082$3.18M0.75%+99+0.9%Added
B. Metzler seel. Sohn & Co. AG11,118$3.19M0.03%−156−1.4%Reduced
Old Second National Bank of Aurora11,173$3.21M0.66%+94+0.8%Added
Roberts Glore & Co Inc11,199$3.21M0.88%+10+0.1%Added
Cullen/Frost Bankers, Inc.11,284$3.24M0.04%−427−3.6%Reduced
FNY Investment Advisers, LLC11,290$3.24M1.44%−1,710−13.2%Reduced
Savant Capital, LLC11,304$3.24M0.02%+336+3.1%Added
Maryland State Retirement & Pension System11,363$3.26M0.07%00.0%Unchanged
Louisiana State Employees Retirement System11,400$3.27M0.06%−100−0.9%Reduced
Bokf, NA11,417$3.28M0.05%−9,811−46.2%Reduced
Pinnacle Associates Ltd11,434$3.28M0.04%−1,082−8.6%Reduced
Alpine Global Management, LLC11,500$3.30M0.50%−5,500−32.4%Reduced
Rossmore Private Capital11,502$3.30M0.29%00.0%Unchanged
Mount Yale Investment Advisors, LLC11,546$3.31M0.08%+9,444+449.3%Added
Inkwell Capital LLC11,730$3.37M3.43%−154−1.3%Reduced
Machina Capital S.A.S.11,737$3.37M0.66%+6,647+130.6%Added
Umb Bank N A11,791$3.38M0.05%−94−0.8%Reduced
Abn Amro Investment Solutions11,819$3.39M0.04%+1,248+11.8%Added
Perigon Wealth Management, LLC11,833$3.40M0.06%−3,311−21.9%Reduced
Gsa Capital Partners LLP11,845$3.40M0.21%+9,279+361.6%Added
TD Waterhouse Canada Inc.11,892$3.41M0.01%+4,101+52.6%Added
Citizens National Bank Trust Department12,080$3.47M0.58%−105−0.9%Reduced
Old Point Trust & Financial Services N A12,227$3.51M1.13%−465−3.7%Reduced
Central Trust Co12,416$3.56M0.07%−126−1.0%Reduced
Barbara Oil Co.12,500$3.59M1.38%00.0%Unchanged
Vident Advisory, LLC12,534$3.60M0.03%+3,875+44.8%Added
Flputnam Investment Management Co12,552$3.60M0.05%−669−5.1%Reduced
Advisory Services Network, LLC12,605$3.62M0.05%−683−5.1%Reduced
Pensionmark Financial Group, LLC12,628$3.62M0.06%+112+0.9%Added
Haverford Trust Co12,672$3.64M0.03%−200−1.6%Reduced
Stock Yards Bank & Trust Co12,679$3.64M0.11%−228−1.8%Reduced
Hartford Investment Management Co12,789$3.67M0.12%−209−1.6%Reduced
Burke & Herbert Bank & Trust Co12,826$3.68M1.02%−50−0.4%Reduced
Vaughan David Investments LLC12,838$3.69M0.08%−366−2.8%Reduced
Sagefield Capital LP12,917$3.71M0.27%−15,239−54.1%Reduced
Merit Financial Group, LLC12,975$3.72M0.03%+947+7.9%Added
Wolverine Asset Management LLC13,050$3.75M0.06%+350+2.8%Added
First Citizens Bank & Trust Co13,158$3.78M0.08%+9,941+309.0%Added
Atria Investments LLC13,197$3.79M0.04%−4,403−25.0%Reduced