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 |
|---|---|---|---|---|---|
| Massar Capital Management, LP | 1,358 | $389.7K | 0.08% | −8,742−86.6% | Reduced |
| Slagle Financial, LLC | 1,357 | $389.5K | 0.13% | −1−0.1% | Reduced |
| Cannon Wealth Management Services, LLC | 1,357 | $389.5K | 0.26% | −27−2.0% | Reduced |
| Baldwin Brothers Inc | 1,357 | $389.5K | 0.03% | 00.0% | Unchanged |
| Woodard & Co Asset Management Group Inc | 1,354 | $388.6K | 0.06% | 00.0% | Unchanged |
| South Street Advisors LLC | 1,350 | $387.4K | 0.06% | 00.0% | Unchanged |
| Fagan Associates, Inc. | 1,350 | $387.4K | 0.05% | 00.0% | Unchanged |
| Cypress Wealth Services, LLC | 1,349 | $387.1K | 0.05% | −35−2.5% | Reduced |
| Farmers & Merchants Trust Co of Chambersburg PA | 1,350 | $387.0K | 0.11% | 00.0% | Unchanged |
| Capital Advisors Inc | 1,348 | $386.9K | 0.01% | +9+0.7% | Added |
| Journey Strategic Wealth LLC | 1,346 | $386.2K | 0.01% | +295+28.1% | Added |
| Hardin Capital Partners, LLC | 1,345 | $386.0K | 0.18% | 00.0% | Unchanged |
| Lyell Wealth Management, LP | 1,344 | $385.7K | 0.03% | 00.0% | Unchanged |
| One Charles Private Wealth Services, LLC | 1,334 | $383.0K | 0.10% | −41−3.0% | Reduced |
| Woodward Diversified Capital, LLC | 1,260 | $381.0K | 0.17% | −1,561−55.3% | Reduced |
| Lantern Wealth Advisors, LLC | 1,325 | $380.3K | 0.20% | −965−42.1% | Reduced |
| 71 West Capital Partners | 1,322 | $379.4K | 0.02% | +560+73.5% | Added |
| Steigerwald, Gordon & Koch Inc. | 1,321 | $379.3K | 0.04% | −16−1.2% | Reduced |
| Doliver Advisors, LP | 1,321 | $379.1K | 0.09% | −33−2.4% | Reduced |
| Legacy Financial Advisors, Inc. | 1,315 | $377.4K | 0.05% | −10−0.8% | Reduced |
| Kingswood Wealth Advisors, LLC | 1,295 | $371.8K | 0.02% | −14−1.1% | Reduced |
| Terry L. Blaker | 1,293 | $371.1K | 0.01% | 00.0% | Unchanged |
| Bill Few Associates, Inc. | 1,284 | $368.5K | 0.09% | −9−0.7% | Reduced |
| Cary Street Partner Investment Advisory LLC | 1,284 | $368.5K | 0.09% | +57+4.6% | Added |
| Pine Harbor Wealth Management, LLC | 1,284 | $368.5K | 0.11% | −884−40.8% | Reduced |
| Ames National Corp | 1,300 | $368.2K | 0.22% | −900−40.9% | Reduced |
| Campion Asset Management LLC | 1,278 | $366.8K | 0.25% | −9−0.7% | Reduced |
| Sky-Mountain Capital Management, Inc. | 1,278 | $366.8K | 0.26% | 00.0% | Unchanged |
| Canandaigua National Trust Co of Florida | 1,273 | $365.4K | 0.29% | −62−4.6% | Reduced |
| Citizens & Northern Corp | 1,270 | $364.5K | 0.09% | −5,566−81.4% | Reduced |
| O'Brien Greene & Co. Inc | 1,270 | $364.5K | 0.10% | 00.0% | Unchanged |
| JGP Wealth Management, LLC | 1,268 | $363.9K | 0.04% | −4−0.3% | Reduced |
| Jag Capital Management, LLC | 1,260 | $361.5K | 0.04% | 00.0% | Unchanged |
| Shepherd Financial Partners LLC | 1,258 | $361.0K | 0.03% | −2−0.2% | Reduced |
| Dorato Capital Management | 1,222 | $359.4K | 0.27% | 00.0% | Unchanged |
| Change Path, LLC | 1,252 | $359.4K | 0.01% | −623−33.2% | Reduced |
| Stokes Family Office, LLC | 1,252 | $359.3K | 0.04% | −279−18.2% | Reduced |
| Bank of Hawaii | 1,250 | $358.8K | 0.02% | 00.0% | Unchanged |
| NorthRock Partners, LLC | 1,244 | $357.0K | 0.01% | +81+7.0% | Added |
| Kathmere Capital Management, LLC | 1,241 | $356.2K | 0.02% | +298+31.6% | Added |
| Stonebridge Financial Group, LLC | 1,240 | $356.0K | 0.30% | +6+0.5% | Added |
| Armstrong Advisory Group, Inc | 1,238 | $355.3K | 0.02% | 00.0% | Unchanged |
| Schwarz Dygos Wheeler Investment Advisors LLC | 1,234 | $354.3K | 0.07% | 00.0% | Unchanged |
| TrustBank | 1,230 | $353.0K | 0.14% | −6−0.5% | Reduced |
| RFG Advisory, LLC | 1,228 | $352.5K | 0.01% | +46+3.9% | Added |
| Westfuller Advisors, LLC | 1,227 | $352.2K | 0.15% | +22+1.8% | Added |
| Saxon Interests, Inc. | 1,225 | $351.6K | 0.12% | +230+23.1% | Added |
| Summit Wealth Group, LLC | 1,223 | $351.0K | 0.08% | 00.0% | Unchanged |
| Jackson, Grant Investment Advisers, Inc. | 1,221 | $350.4K | 0.12% | 00.0% | Unchanged |
| Abel Hall, LLC | 1,221 | $350.4K | 0.07% | +1,221 | New |
| YHB Investment Advisors, Inc. | 1,219 | $349.9K | 0.03% | 00.0% | Unchanged |
| South State Corp. | 1,217 | $349.3K | 0.02% | +285+30.6% | Added |
| McKinley Carter Wealth Services, Inc. | 1,213 | $348.3K | 0.02% | +92+8.2% | Added |
| Basecamp Wealth Advisors LLC | 1,213 | $348.2K | 0.07% | 00.0% | Unchanged |
| Barnes Dennig Private Wealth Management LLC | 1,213 | $348.1K | 0.34% | 00.0% | Unchanged |
| L2 Asset Management, LLC | 1,213 | $348.1K | 0.03% | +82+7.3% | Added |
| Interchange Capital Partners, LLC | 1,464 | $346.7K | 0.11% | −378−20.5% | Reduced |
| Ellis Investment Partners, LLC | 1,206 | $346.2K | 0.06% | −57−4.5% | Reduced |
| Bragg Financial Advisors, Inc | 1,206 | $346.1K | 0.01% | +1+0.1% | Added |
| Quantum Private Wealth, LLC | 1,206 | $346.1K | 0.11% | 00.0% | Unchanged |
| Obermeyer Wood Investment Counsel, LLLP | 1,205 | $345.8K | 0.02% | 00.0% | Unchanged |
| Objectivity Squared, LLC | 1,204 | $345.6K | 0.22% | +5+0.4% | Added |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 1,201 | $344.7K | 0.01% | −34−2.8% | Reduced |
| Financial Solutions Advisory Group, Inc. | 1,200 | $344.4K | 0.05% | +1,200 | New |
| Moody Lynn & Lieberson, LLC | 1,196 | $343.3K | 0.02% | 00.0% | Unchanged |
| WealthPLAN Partners, LLC | 1,193 | $342.4K | 0.07% | −51−4.1% | Reduced |
| Trustmark National Bank Trust Department | 1,181 | $338.9K | 0.02% | 00.0% | Unchanged |
| Sax Wealth Advisors, LLC | 1,173 | $338.7K | 0.02% | −23−1.9% | Reduced |
| Frec Markets, Inc. | 1,171 | $336.1K | 0.06% | +216+22.6% | Added |
| Grandview Asset Management LLC | 1,169 | $335.4K | 0.10% | −401−25.5% | Reduced |
| Downshift Financial, LLC | 1,047 | $335.0K | 0.17% | −10−0.9% | Reduced |
| Robertson Stephens Wealth Management, LLC | 1,167 | $334.9K | 0.01% | −2−0.2% | Reduced |
| Cozad Asset Management Inc | 1,165 | $334.4K | 0.03% | 00.0% | Unchanged |
| Holderness Investments Co | 1,165 | $334.4K | 0.07% | 00.0% | Unchanged |
| McLean Asset Management Corp | 1,165 | $334.3K | 0.06% | +1+0.1% | Added |
| LRT Capital Management, LLC | 1,162 | $333.5K | 0.31% | −4,639−80.0% | Reduced |
| Beaumont Financial Advisors, LLC | 1,162 | $333.5K | 0.02% | +2+0.2% | Added |
| AdvisorNet Financial, Inc | 1,159 | $332.6K | 0.02% | +466+67.2% | Added |
| Vance Wealth, Inc. | 1,154 | $331.2K | 0.10% | −75−6.1% | Reduced |
| Monetary Management Group Inc | 1,150 | $330.1K | 0.08% | 00.0% | Unchanged |
| Boston Private Wealth LLC | 1,144 | $328.3K | 0.02% | −39−3.3% | Reduced |
| Summit Wealth & Retirement Planning, Inc. | 1,142 | $327.8K | 0.08% | 00.0% | Unchanged |
| Aprio Wealth Management, LLC | 1,141 | $327.5K | 0.02% | +402+54.4% | Added |
| Private Management Group Inc | 1,141 | $327.5K | 0.01% | 00.0% | Unchanged |
| Capital Counsel LLC | 1,140 | $327.2K | 0.01% | 00.0% | Unchanged |
| Platform Technology Partners | 1,140 | $327.0K | 0.06% | −33−2.8% | Reduced |
| Tulsa Wealth Advisors, INC | 1,135 | $325.7K | 0.06% | −82−6.7% | Reduced |
| Childress Capital Advisors, LLC | 1,134 | $325.5K | 0.06% | −65−5.4% | Reduced |
| Elmwood Wealth Management, Inc. | 1,130 | $324.3K | 0.09% | 00.0% | Unchanged |
| Bienville Capital Management, LLC | 1,120 | $321.4K | 0.06% | 00.0% | Unchanged |
| PDS Planning, Inc | 1,116 | $320.3K | 0.02% | +18+1.6% | Added |
| Sanders Morris Harris LLC | 1,111 | $318.9K | 0.05% | +1,111 | New |
| Sovereign Financial Group, Inc. | 1,108 | $318.0K | 0.06% | +35+3.3% | Added |
| Wiser Wealth Management, Inc | 1,106 | $317.4K | 0.07% | +8+0.7% | Added |
| Bayban | 1,103 | $316.6K | 0.28% | +986+842.7% | Added |
| Wealth Group, Ltd. | 1,100 | $316.0K | 0.29% | 00.0% | Unchanged |
| Barnes Pettey Financial Advisors, LLC | 1,100 | $315.7K | 0.14% | −35−3.1% | Reduced |
| Baker Ellis Asset Management LLC | 1,100 | $315.7K | 0.04% | 00.0% | Unchanged |
| Dixon Fnancial Services, Inc. | 1,100 | $315.7K | 0.14% | 00.0% | Unchanged |
| Main Street Financial Solutions, LLC | 1,094 | $314.1K | 0.02% | +11+1.0% | Added |