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 |
|---|---|---|---|---|---|
| Squarepoint Ops LLC | 765,651 | $219.7M | 0.47% | −71,503−8.5% | Reduced |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 793,222 | $227.7M | 0.21% | −289,133−26.7% | Reduced |
| Adage Capital Partners GP, L.L.C. | 854,036 | $245.1M | 0.38% | +55,943+7.0% | Added |
| Capital Wealth Planning, LLC | 898,374 | $257.8M | 1.42% | +898,374 | New |
| Qube Research & Technologies Ltd | 917,991 | $263.5M | 0.37% | +735,423+402.8% | Added |
| Primecap Management Co | 1,033,410 | $296.6M | 0.23% | +31,227+3.1% | Added |
| Wells Fargo & Company | 1,043,477 | $299.5M | 0.06% | −32,517−3.0% | Reduced |
| UBS Asset Management Americas Inc | 1,154,135 | $331.2M | 0.07% | −8,261−0.7% | Reduced |
| Fisher Asset Management, LLC | 1,155,414 | $331.6M | 0.11% | +14,424+1.3% | Added |
| Bank of New York Mellon Corp | 1,192,855 | $342.3M | 0.06% | −117,661−9.0% | Reduced |
| Vanguard Fiduciary Trust Co | 1,264,242 | $362.8M | 0.09% | +1,264,242 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 1,313,998 | $377.1M | 0.51% | +132,822+11.2% | Added |
| Balyasny Asset Management LLC | 1,338,717 | $384.2M | 0.75% | −331,543−19.8% | Reduced |
| Charles Schwab Investment Management Inc | 1,478,895 | $424.4M | 0.06% | +28,736+2.0% | Added |
| JPMorgan Chase & Co | 1,627,442 | $459.5M | 0.03% | −931,094−36.4% | Reduced |
| Goldman Sachs Group Inc | 1,625,745 | $466.6M | 0.06% | −16,683−1.0% | Reduced |
| Arrowstreet Capital, Limited Partnership | 1,626,688 | $466.9M | 0.25% | +160,703+11.0% | Added |
| London Co of Virginia | 1,700,297 | $488.0M | 3.01% | −110,556−6.1% | Reduced |
| Legal & General Group Plc | 1,709,405 | $490.6M | 0.11% | −25,479−1.5% | Reduced |
| HBK Investments L P | 1,736,356 | $498.3M | 6.27% | −393,644−18.5% | Reduced |
| Invesco Ltd. | 1,767,095 | $507.2M | 0.05% | +210,599+13.5% | Added |
| UBS Group AG | 1,778,069 | $510.3M | 0.09% | +725,709+69.0% | Added |
| FMR LLC | 1,820,711 | $522.5M | 0.03% | +20,877+1.2% | Added |
| Capital World Investors | 2,006,672 | $575.9M | 0.08% | +259,165+14.8% | Added |
| American Century Companies Inc | 2,028,936 | $582.3M | 0.30% | +70.0% | Added |
| Price T Rowe Associates Inc | 2,129,801 | $611.3M | 0.07% | −648,714−23.3% | Reduced |
| Amundi | 2,226,885 | $639.1M | 0.17% | +434,074+24.2% | Added |
| Dimensional Fund Advisors LP | 2,259,558 | $648.4M | 0.13% | +46,127+2.1% | Added |
| D. E. Shaw & Co., Inc. | 2,263,480 | $649.6M | 0.51% | −14,920−0.7% | Reduced |
| Citadel Advisors LLC | 2,620,382 | $752.0M | 0.53% | +81,741+3.2% | Added |
| Morgan Stanley | 2,627,420 | $754.1M | 0.05% | −2,570−0.1% | Reduced |
| Northern Trust Corp | 2,637,668 | $757.0M | 0.10% | −54,695−2.0% | Reduced |
| Bank of America Corp | 3,201,093 | $918.7M | 0.07% | −27,625−0.9% | Reduced |
| Pentwater Capital Management LP | 3,220,000 | $924.1M | 6.57% | +201,000+6.7% | Added |
| Vanguard Portfolio Management LLC | 4,025,893 | $1.16B | 0.06% | +4,025,893 | New |
| Millennium Management LLC | 4,584,086 | $1.32B | 0.98% | +433,655+10.4% | Added |
| Geode Capital Management, LLC | 5,076,188 | $1.45B | 0.09% | +198,159+4.1% | Added |
| Dodge & Cox | 6,257,750 | $1.80B | 0.99% | −3,366,135−35.0% | Reduced |
| State Street Corp | 9,834,046 | $2.82B | 0.10% | +123,497+1.3% | Added |
| Vanguard Capital Management LLC | 14,586,659 | $4.19B | 0.10% | +14,586,659 | New |
| BlackRock, Inc. | 15,276,111 | $4.38B | 0.08% | +370,317+2.5% | Added |
| Capital International Investors | 0 | $0 | 0.00% | −180,528−100.0% | Sold out |
| Reaves W H & Co Inc | 0 | $0 | 0.00% | −131,000−100.0% | Sold out |
| Voloridge Investment Management, LLC | 0 | $0 | 0.00% | −95,000−100.0% | Sold out |
| Davidson Investment Advisors | 0 | $0 | 0.00% | −54,626−100.0% | Sold out |
| Cinctive Capital Management LP | 0 | $0 | 0.00% | −40,745−100.0% | Sold out |
| Yaupon Capital Management LP | 0 | $0 | 0.00% | −30,407−100.0% | Sold out |
| Twin Securities, Inc. | 0 | $0 | 0.00% | −25,200−100.0% | Sold out |
| CIBRA Capital Ltd | 0 | $0 | 0.00% | −17,550−100.0% | Sold out |
| Highbridge Capital Management LLC | 0 | $0 | 0.00% | −16,560−100.0% | Sold out |
| Logan Capital Management Inc | 0 | $0 | 0.00% | −15,325−100.0% | Sold out |
| Ethic Inc. | 0 | $0 | 0.00% | −14,853−100.0% | Sold out |
| Jain Global LLC | 0 | $0 | 0.00% | −14,180−100.0% | Sold out |
| Axxcess Wealth Management, LLC | 0 | $0 | 0.00% | −12,520−100.0% | Sold out |
| HGC Investment Management Inc. | 0 | $0 | 0.00% | −10,000−100.0% | Sold out |
| Glazer Capital, LLC | 0 | $0 | 0.00% | −9,836−100.0% | Sold out |
| EdgePoint Investment Group Inc. | 0 | $0 | 0.00% | −9,831−100.0% | Sold out |
| Campbell Newman Asset Management Inc | 0 | $0 | 0.00% | −9,165−100.0% | Sold out |
| J.W. Cole Advisors, Inc. | 0 | $0 | 0.00% | −7,990−100.0% | Sold out |
| Sig Brokerage, LP | 0 | $0 | 0.00% | −7,428−100.0% | Sold out |
| Visionary Wealth Advisors | 0 | $0 | 0.00% | −5,627−100.0% | Sold out |
| Capital Group Private Client Services, Inc. | 0 | $0 | 0.00% | −5,536−100.0% | Sold out |
| Avanza Fonder AB | 0 | $0 | 0.00% | −5,378−100.0% | Sold out |
| Iowa State Bank | 0 | $0 | 0.00% | −4,821−100.0% | Sold out |
| Tower Trust & Investment Co | 0 | $0 | 0.00% | −4,138−100.0% | Sold out |
| Advisors Asset Management, Inc. | 0 | $0 | 0.00% | −3,919−100.0% | Sold out |
| Capital International Inc | 0 | $0 | 0.00% | −3,871−100.0% | Sold out |
| IFG Advisory, LLC | 0 | $0 | 0.00% | −3,545−100.0% | Sold out |
| Boston Partners | 0 | $0 | 0.00% | −2,707−100.0% | Sold out |
| Heritage Wealth Management, Inc. | 0 | $0 | 0.00% | −2,666−100.0% | Sold out |
| Gilbert & Cook, Inc. | 0 | $0 | 0.00% | −2,515−100.0% | Sold out |
| Golden Reserve Retirement LLC | 0 | $0 | 0.00% | −2,412−100.0% | Sold out |
| Sage Mountain Advisors LLC | 0 | $0 | 0.00% | −2,217−100.0% | Sold out |
| Accurate Wealth Management, LLC | 0 | $0 | 0.00% | −2,170−100.0% | Sold out |
| McGlone Suttner Wealth Management, Inc. | 0 | $0 | 0.00% | −1,945−100.0% | Sold out |
| Greystone Financial Group, LLC | 0 | $0 | 0.00% | −1,855−100.0% | Sold out |
| Piedmont Capital Management, LLC | 0 | $0 | 0.00% | −1,828−100.0% | Sold out |
| Diversify Advisory Services, LLC | 0 | $0 | 0.00% | −1,647−100.0% | Sold out |
| Providence First Trust Co | 0 | $0 | 0.00% | −1,534−100.0% | Sold out |
| Pinnacle Wealth Management Advisory Group, LLC | 0 | $0 | 0.00% | −1,449−100.0% | Sold out |
| Sivia Capital Partners, LLC | 0 | $0 | 0.00% | −1,404−100.0% | Sold out |
| Walker Asset Management, LLC | 0 | $0 | 0.00% | −1,387−100.0% | Sold out |
| First Fiduciary Investment Counsel, Inc. | 0 | $0 | 0.00% | −1,230−100.0% | Sold out |
| Tobam | 0 | $0 | 0.00% | −1,204−100.0% | Sold out |
| Alpha Wealth Funds, LLC | 0 | $0 | 0.00% | −1,200−100.0% | Sold out |
| Argent Advisors, Inc. | 0 | $0 | 0.00% | −1,164−100.0% | Sold out |
| Optimize Financial Inc | 0 | $0 | 0.00% | −1,153−100.0% | Sold out |
| Tred Avon Family Wealth, LLC | 0 | $0 | 0.00% | −1,112−100.0% | Sold out |
| AlphaGrep UK Ltd | 0 | $0 | 0.00% | −1,095−100.0% | Sold out |
| Smithbridge Asset Management Inc | 0 | $0 | 0.00% | −1,095−100.0% | Sold out |
| Hanlon Investment Management, Inc. | 0 | $0 | 0.00% | −1,074−100.0% | Sold out |
| Mirabella Financial Services LLP | 0 | $0 | 0.00% | −1,068−100.0% | Sold out |
| Founders Financial Securities LLC | 0 | $0 | 0.00% | −1,061−100.0% | Sold out |
| Strategic Blueprint, LLC | 0 | $0 | 0.00% | −1,036−100.0% | Sold out |
| West Family Investments, Inc. | 0 | $0 | 0.00% | −1,027−100.0% | Sold out |
| Longboard Asset Management, LP | 0 | $0 | 0.00% | −973−100.0% | Sold out |
| Master's Wealth Management Inc. | 0 | $0 | 0.00% | −948−100.0% | Sold out |
| Optiver Holding B.V. | 0 | $0 | 0.00% | −941−100.0% | Sold out |
| Banco BTG Pactual S.A. | 0 | $0 | 0.00% | −849−100.0% | Sold out |
| First National Bank of Mount Dora, Trust Investment Services | 0 | $0 | 0.00% | −847−100.0% | Sold out |