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 |
|---|---|---|---|---|---|
| Jefferies Financial Group Inc. | 138,093 | $39.6M | 0.48% | −708−0.5% | Reduced |
| Two Sigma Investments, LP | 138,221 | $39.7M | 0.03% | +115,528+509.1% | Added |
| Russell Investments Group, Ltd. | 138,681 | $39.8M | 0.04% | −39,319−22.1% | Reduced |
| M&T Bank Corp | 140,405 | $40.3M | 0.13% | −787−0.6% | Reduced |
| HRT Financial LP | 143,299 | $41.1M | 0.10% | +143,299 | New |
| Quantinno Capital Management LP | 143,760 | $41.3M | 0.07% | +6,703+4.9% | Added |
| Capula Management Ltd | 144,749 | $41.5M | 0.36% | +94,749+189.5% | Added |
| First Trust Advisors LP | 147,096 | $42.2M | 0.03% | −11,119−7.0% | Reduced |
| Great West Life Assurance Co | 147,478 | $42.5M | 0.08% | +533+0.4% | Added |
| Swedbank AB | 151,090 | $43.4M | 0.05% | +1,588+1.1% | Added |
| Robeco Institutional Asset Management B.V. | 151,709 | $43.5M | 0.06% | +13,515+9.8% | Added |
| Birnam Oak Advisors, LP | 151,835 | $43.6M | 12.01% | +29,293+23.9% | Added |
| Geneos Wealth Management Inc. | 152,404 | $43.7M | 1.01% | +54,907+56.3% | Added |
| Manufacturers Life Insurance Company, The | 153,138 | $44.0M | 0.04% | −9,611−5.9% | Reduced |
| Korea Investment CORP | 153,435 | $44.0M | 0.09% | −9,118−5.6% | Reduced |
| Symmetry Investments LP | 154,943 | $44.5M | 10.79% | +154,943 | New |
| Berkshire Asset Management LLC | 155,740 | $44.7M | 1.92% | −1,195−0.8% | Reduced |
| National Bank of Canada | 156,753 | $45.0M | 0.05% | +5,224+3.4% | Added |
| SEI Investments Co | 157,752 | $45.3M | 0.04% | −6,981−4.2% | Reduced |
| Fifth Third Bancorp | 159,143 | $45.7M | 0.08% | +62,649+64.9% | Added |
| ExodusPoint Capital Management, LP | 159,957 | $45.9M | 0.46% | −22,013−12.1% | Reduced |
| Melqart Asset Management (UK) Ltd | 160,848 | $46.2M | 4.55% | +11,633+7.8% | Added |
| New York State Teachers Retirement System | 166,822 | $47.9M | 0.10% | −100−0.1% | Reduced |
| AQR Capital Management LLC | 170,591 | $48.4M | 0.02% | +25,440+17.5% | Added |
| US Bancorp | 170,606 | $49.0M | 0.06% | −6,448−3.6% | Reduced |
| Fort Baker Capital Management LP | 174,583 | $50.1M | 4.44% | +174,583 | New |
| Cerity Partners LLC | 179,563 | $51.5M | 0.07% | −1,025−0.6% | Reduced |
| Bank of Montreal | 183,753 | $52.7M | 0.02% | −32,354−15.0% | Reduced |
| Readystate Asset Management LP | 183,827 | $52.8M | 3.08% | +183,827 | New |
| Marble Bar Asset Management LLP | 185,000 | $53.1M | 52.13% | +185,000 | New |
| Woodline Partners LP | 185,879 | $53.3M | 0.20% | +32,847+21.5% | Added |
| Colony Group, LLC | 187,476 | $53.8M | 0.06% | +11,901+6.8% | Added |
| Aviva PLC | 190,307 | $54.6M | 0.09% | +5,469+3.0% | Added |
| Truist Financial Corp | 190,482 | $54.7M | 0.07% | −34,929−15.5% | Reduced |
| State Board of Administration of Florida Retirement System | 194,675 | $55.9M | 0.10% | −1,954−1.0% | Reduced |
| Magellan Asset Management Ltd | 206,026 | $59.1M | 0.77% | −23,218−10.1% | Reduced |
| Man Group plc | 209,154 | $60.0M | 0.12% | +43,637+26.4% | Added |
| Whittier Trust Co | 215,176 | $62.0M | 0.70% | +10,895+5.3% | Added |
| Decagon Asset Management LLP | 216,040 | $62.0M | 16.11% | +100,040+86.2% | Added |
| Cincinnati Insurance Co | 217,000 | $62.3M | 0.94% | −47,400−17.9% | Reduced |
| Vanguard Investments Australia, Ltd. | 218,782 | $62.8M | 0.18% | +218,782 | New |
| ING Groep NV | 224,263 | $64.4M | 0.39% | +151,364+207.6% | Added |
| State of Wisconsin Investment Board | 227,101 | $65.2M | 0.15% | +110,823+95.3% | Added |
| Governors Lane LP | 229,334 | $65.8M | 8.21% | +32,031+16.2% | Added |
| Envestnet Asset Management Inc | 230,615 | $66.2M | 0.02% | −130,408−36.1% | Reduced |
| New York State Common Retirement Fund | 243,120 | $69.8M | 0.10% | +2,200+0.9% | Added |
| Calamos Advisors LLC | 244,559 | $70.2M | 0.27% | +31,837+15.0% | Added |
| Clearstead Advisors, LLC | 250,090 | $71.8M | 0.66% | −14,847−5.6% | Reduced |
| Principal Financial Group Inc | 265,570 | $76.2M | 0.04% | −4,756−1.8% | Reduced |
| LPL Financial LLC | 268,596 | $77.1M | 0.02% | −7,018−2.5% | Reduced |
| Magnetar Financial LLC | 275,161 | $77.7M | 0.79% | −68,823−20.0% | Reduced |
| HighTower Advisors, LLC | 276,905 | $79.5M | 0.08% | −5,186−1.8% | Reduced |
| Markel Group Inc.SuperinvestorMarkel Group | 282,500 | $81.1M | 0.68% | +9,000+3.3% | Added |
| Ameriprise Financial Inc | 295,360 | $84.7M | 0.02% | −8,650−2.8% | Reduced |
| Standard Life Aberdeen plc | 301,369 | $86.5M | 0.14% | −154,373−33.9% | Reduced |
| California State Teachers Retirement System | 311,720 | $89.5M | 0.09% | −9,522−3.0% | Reduced |
| Empyrean Capital Partners, LP | 317,100 | $91.0M | 3.03% | +113,300+55.6% | Added |
| BNP Paribas Arbitrage, SA | 317,367 | $91.1M | 0.06% | +51,316+19.3% | Added |
| Raymond James Financial Inc | 332,428 | $95.4M | 0.03% | −35,843−9.7% | Reduced |
| TIG Advisors, LLC | 336,198 | $96.5M | 4.61% | +116,475+53.0% | Added |
| Caxton Associates LLP | 338,126 | $97.0M | 2.25% | +259,126+328.0% | Added |
| Laurion Capital Management LP | 351,648 | $100.9M | 9.47% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 352,998 | $101.3M | 0.06% | −8,910−2.5% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 353,729 | $101.5M | 0.52% | −6,756−1.9% | Reduced |
| Assenagon Asset Management S.A. | 360,469 | $103.5M | 0.17% | +126,290+53.9% | Added |
| Eurizon Capital SGR S.p.A. | 411,499 | $117.7M | 0.37% | −136,951−25.0% | Reduced |
| Barclays PLC | 411,590 | $118.1M | 0.04% | −33,087−7.4% | Reduced |
| Hudson Bay Capital Management LP | 412,553 | $118.4M | 0.71% | +77,233+23.0% | Added |
| California Public Employees Retirement System | 415,656 | $119.3M | 0.07% | +1,520+0.4% | Added |
| Vanguard Asset Management, Ltd | 422,518 | $121.3M | 0.10% | +422,518 | New |
| Rhumbline Advisers | 424,758 | $121.9M | 0.10% | +903+0.2% | Added |
| LMR Partners LLP | 434,777 | $124.8M | 1.15% | +126,697+41.1% | Added |
| CNH Partners LLC | 446,139 | $126.6M | 2.08% | +103,660+30.3% | Added |
| Royal Bank of Canada | 444,019 | $127.4M | 0.02% | −265,633−37.4% | Reduced |
| HSBC Holdings PLC | 448,091 | $128.4M | 0.08% | +73,124+19.5% | Added |
| Davenport & Co LLC | 451,092 | $129.0M | 0.72% | −849−0.2% | Reduced |
| SG Americas Securities, LLC | 459,805 | $132.0M | 0.15% | +374,241+437.4% | Added |
| Alpine Associates Management Inc. | 464,455 | $133.3M | 7.86% | −3,700−0.8% | Reduced |
| Vanguard Global Advisers, LLC | 490,191 | $140.7M | 0.08% | +490,191 | New |
| FIL Ltd | 490,758 | $140.8M | 0.11% | −176,157−26.4% | Reduced |
| Westchester Capital Management, LLC | 501,638 | $144.0M | 6.97% | +114,042+29.4% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 504,042 | $144.7M | 0.09% | −20,626−3.9% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 509,292 | $146.2M | 0.10% | +41,472+8.9% | Added |
| Canada Pension Plan Investment Board | 520,482 | $149.4M | 0.10% | −122,771−19.1% | Reduced |
| National Pension Service | 530,245 | $152.2M | 0.12% | −31,402−5.6% | Reduced |
| Kryger Capital LLC | 530,269 | $152.2M | 10.76% | +530,269 | New |
| Neuberger Berman Group LLC | 566,607 | $162.6M | 0.12% | −36,041−6.0% | Reduced |
| Alliancebernstein L.P. | 571,572 | $165.0M | 0.05% | +17,341+3.1% | Added |
| Cincinnati Financial Corp | 587,687 | $168.7M | 3.40% | 00.0% | Unchanged |
| Bank of Nova Scotia | 588,472 | $168.9M | 0.30% | +248,965+73.3% | Added |
| Tudor Investment Corp Et Al | 631,675 | $181.3M | 0.98% | +231,887+58.0% | Added |
| Marshall Wace, LLP | 643,513 | $184.7M | 0.20% | +413,680+180.0% | Added |
| Citigroup Inc | 655,316 | $188.1M | 0.12% | +197,664+43.2% | Added |
| Sculptor Capital LP | 658,413 | $189.0M | 2.13% | +150,413+29.6% | Added |
| Swiss National Bank | 658,520 | $189.0M | 0.11% | +44,080+7.2% | Added |
| Nuveen, LLC | 668,639 | $191.9M | 0.05% | +169,404+33.9% | Added |
| Deutsche Bank AG | 703,321 | $201.9M | 0.07% | +11,222+1.6% | Added |
| Verition Fund Management LLC | 731,133 | $209.8M | 2.04% | +144,990+24.7% | Added |
| Hotchkis & Wiley Capital Management LLC | 741,668 | $212.9M | 0.66% | −29,000−3.8% | Reduced |
| Cohen & Steers, Inc. | 744,140 | $213.6M | 0.37% | +21,072+2.9% | Added |