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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
Kanawha Capital Management LLC50,011$14.4M1.01%−394−0.8%Reduced
IFM Investors Pty Ltd50,954$14.6M0.12%−4,779−8.6%Reduced
Prelude Capital Management, LLC51,082$14.7M1.12%+2,274+4.7%Added
NorthCrest Asset Manangement, LLC51,384$14.8M0.46%−18,682−26.7%Reduced
O'Shaughnessy Asset Management, LLC51,763$14.9M0.07%+8,355+19.2%Added
Ghisallo Capital Management LLC52,000$14.9M0.41%+52,000New
Gabelli & Co Investment Advisers, Inc.52,120$15.0M2.22%+1,500+3.0%Added
DnB Asset Management AS52,265$15.0M0.05%+4,176+8.7%Added
MetLife Investment Management52,495$15.1M0.08%−1,321−2.5%Reduced
SummitTX Capital, L.P.53,121$15.2M0.49%−29,571−35.8%Reduced
Mercer Global Advisors Inc53,514$15.4M0.02%+1,649+3.2%Added
Gabelli Funds LLC54,862$15.7M0.11%+3,750+7.3%Added
Skylands Capital, LLC55,290$15.9M2.08%−2,590−4.5%Reduced
Quarry LP55,427$15.9M3.21%+11,637+26.6%Added
Mariner, LLC56,926$16.3M0.02%+13,683+31.6%Added
Brevan Howard Capital Management LP58,552$16.6M0.17%+534+0.9%Added
Rockefeller Capital Management L.P.58,113$16.7M0.03%+1,641+2.9%Added
CIBC Asset Management Inc58,195$16.7M0.04%+595+1.0%Added
State of Michigan Retirement System58,690$16.8M0.09%−100−0.2%Reduced
Quantbot Technologies LP60,695$17.4M0.71%+44,744+280.5%Added
Victory Capital Management Inc60,856$17.5M0.01%+514+0.9%Added
Andra AP-fonden61,013$17.5M0.22%+43,773+253.9%Added
Capricorn Fund Managers Ltd61,117$17.5M2.73%+36,117+144.5%Added
Czech National Bank61,161$17.6M0.12%+1,994+3.4%Added
Arizona State Retirement System61,434$17.6M0.10%−1,813−2.9%Reduced
STRS Ohio61,693$17.7M0.07%−2,983−4.6%Reduced
Lowe Brockenbrough & Co Inc63,248$18.2M0.91%+139+0.2%Added
New York Life Investment Management LLC64,199$18.4M0.16%−1,565−2.4%Reduced
Tredje AP-fonden66,674$19.1M0.10%+66,674New
Brown Advisory Inc67,550$19.4M0.03%+5,491+8.8%Added
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund68,752$19.7M0.11%+16,040+30.4%Added
Sona Asset Management (US) LLC69,083$19.8M0.76%−375,164−84.4%Reduced
Grantham, Mayo, Van Otterloo & Co. LLC69,225$19.9M0.05%−17,495−20.2%Reduced
PBU - The Pension Fund of Early Childhood & Youth Educators70,110$20.1M0.30%−28,549−28.9%Reduced
Lansforsakringar Fondforvaltning AB (publ)70,991$20.4M0.11%−855−1.2%Reduced
Resona Asset Management Co.,Ltd.71,246$20.4M0.10%+838+1.2%Added
Jump Financial, LLC71,415$20.5M0.30%+70,227+5,911.4%Added
Public Sector Pension Investment Board71,931$20.6M0.06%+7,061+10.9%Added
Harvest Management LLC72,600$20.8M11.09%−5,700−7.3%Reduced
Bartlett & Co. Wealth Management LLC67,114$20.9M0.27%−2,300−3.3%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)73,552$21.1M0.05%+1,835+2.6%Added
Picton Mahoney Asset Management75,000$21.5M0.22%−15,000−16.7%Reduced
Van Eck Associates Corp75,088$21.6M0.02%+5,781+8.3%Added
State of New Jersey Common Pension Fund D76,001$21.8M0.08%00.0%Unchanged
State of Tennessee, Treasury Department76,445$21.9M0.07%00.0%Unchanged
Universal- Beteiligungs- und Servicegesellschaft mbH77,185$22.1M0.04%−6,840−8.1%Reduced
Nomura Asset Management Co Ltd78,908$22.6M0.06%+1,950+2.5%Added
DekaBank Deutsche Girozentrale79,305$22.9M0.04%00.0%Unchanged
One Fin Capital Management LP80,000$23.0M8.85%00.0%Unchanged
Taylor Financial Group, Inc.80,118$23.0M13.94%−2,160−2.6%Reduced
Lighthouse Investment Partners, LLC80,369$23.1M0.87%+40,632+102.3%Added
Cetera Investment Advisers80,483$23.1M0.02%+1,254+1.6%Added
Creative Planning81,210$23.3M0.02%+3,298+4.2%Added
Whittier Trust Co of Nevada Inc84,164$24.2M0.50%+4,557+5.7%Added
Polar Asset Management Partners Inc.85,000$24.4M0.58%+40,000+88.9%Added
Nine Masts Capital Ltd85,314$24.5M3.78%−75,538−47.0%Reduced
CIBC Bancorp USA Inc.87,491$25.1M0.03%+87,491New
CI Private Wealth, LLC88,204$25.2M0.04%−3,828−4.2%Reduced
Waters Parkerson & Co., LLC89,168$25.6M1.32%−761−0.8%Reduced
TD Asset Management Inc89,268$25.6M0.02%+3,547+4.1%Added
Public Employees Retirement System of Ohio91,164$26.2M0.08%+470+0.5%Added
Asset Management One Co.,Ltd.93,953$27.0M0.08%+940+1.0%Added
Mitsubishi UFJ Trust & Banking Corp94,867$27.2M0.07%+3,787+4.2%Added
Oddo BHF Asset Management SAS95,000$27.3M1.07%+30,000+46.2%Added
Nisa Investment Advisors, LLC95,565$27.4M0.10%−7,314−7.1%Reduced
KLP Kapitalforvaltning AS95,893$27.5M0.11%+13,000+15.7%Added
PSquared Asset Management AG96,385$27.7M9.62%+4,322+4.7%Added
Treasurer of the State of North Carolina96,684$27.7M0.09%+2,058+2.2%Added
Royal London Asset Management Ltd97,998$28.1M0.06%−280.0%Reduced
Third Point LLCSuperinvestorThird Point100,000$28.7M1.38%−875,000−89.7%Reduced
Ofi Invest Asset Management116,366$29.0M0.38%+45,066+63.2%Added
Allianz Asset Management GmbH102,268$29.4M0.03%+9,355+10.1%Added
Pictet Asset Management Holding SA103,712$29.8M0.03%−4,796−4.4%Reduced
Captrust Financial Advisors104,548$30.0M0.05%+3,510+3.5%Added
Sand Grove Capital Management LLP104,633$30.0M7.02%+19,847+23.4%Added
Greenland Capital Management LP105,835$30.4M6.07%+36,382+52.4%Added
Natixis Advisors, L.P.107,531$30.9M0.04%+7,367+7.4%Added
Janney Montgomery Scott LLC108,877$31.2M0.08%+3,603+3.4%Added
Capitolis Liquid Global Markets LLC110,096$31.6M0.20%+110,096New
Danske Bank A/S110,361$31.7M0.08%+1,638+1.5%Added
Prudential Financial Inc111,069$31.9M0.04%−2,536−2.2%Reduced
Cobalt Capital Management, Inc.115,000$33.0M18.48%+15,000+15.0%Added
Commonwealth Equity Services, LLC115,226$33.1M0.05%+2,197+1.9%Added
Aristotle Atlantic Partners, LLC116,670$33.5M1.57%+2,853+2.5%Added
Chevy Chase Trust Holdings, Inc.117,590$33.7M0.10%−3,536−2.9%Reduced
Stifel Financial Corp117,737$33.8M0.03%+27,386+30.3%Added
Schonfeld Strategic Advisors LLC118,618$34.0M0.28%−8,648−6.8%Reduced
Carnegie Capital Asset Management, LLC125,768$34.2M0.67%+6,807+5.7%Added
Zurich Insurance Group Ltd121,096$34.8M0.27%+31,527+35.2%Added
Handelsbanken Fonder AB121,281$34.8M0.12%+2,406+2.0%Added
Franklin Resources Inc124,027$35.6M0.01%−149,227−54.6%Reduced
Regions Financial Corp124,832$35.8M0.23%−1,938−1.5%Reduced
Baird Financial Group, Inc.125,843$36.1M0.06%−9,326−6.9%Reduced
Macquarie Group Ltd126,197$36.2M0.22%−11,322−8.2%Reduced
Keybank National Association128,775$37.0M0.13%+14,326+12.5%Added
Toronto Dominion Bank130,467$37.4M0.07%−500,157−79.3%Reduced
Healthcare of Ontario Pension Plan Trust Fund131,455$37.7M0.06%+73,835+128.1%Added
Water Island Capital LLC134,051$38.5M5.13%+5,008+3.9%Added
Boussard & Gavaudan Investment Management LLP135,885$38.5M3.70%+32,516+31.5%Added
Rokos Capital Management LLP136,435$39.2M0.70%+41,942+44.4%Added