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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
Gold Investment Management Ltd.10,347$2.97M0.92%+174+1.7%Added
Beese Fulmer Investment Management, Inc.10,300$2.96M0.19%+786+8.3%Added
Farmers & Merchants Investments Inc10,219$2.93M0.08%−261−2.5%Reduced
HHM Wealth Advisors, LLC10,215$2.93M0.34%+359+3.6%Added
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
Thrivent Financial for Lutherans10,135$2.91M0.01%−18−0.2%Reduced
Beverly Hills Private Wealth, LLC10,114$2.90M0.48%+216+2.2%Added
Nordwand Advisors, LLC10,075$2.89M0.51%00.0%Unchanged
Vazirani Asset Management LLC10,000$2.87M6.62%−5,000−33.3%Reduced
Fox Hill Wealth Management9,785$2.81M1.35%−6−0.1%Reduced
Earnest Partners LLC9,777$2.81M0.01%−15,554−61.4%Reduced
EP Wealth Advisors, LLC9,686$2.78M0.01%−446−4.4%Reduced
Empire Financial Management Company, LLC9,616$2.76M0.62%+223+2.4%Added
AG2R la Mondiale Gestion D'Actifs9,606$2.76M0.13%+127+1.3%Added
Financial Network Wealth Management LLC9,586$2.75M0.87%00.0%Unchanged
Community Trust & Investment Co9,547$2.74M0.15%−75−0.8%Reduced
Stephens Inc9,547$2.74M0.03%−132−1.4%Reduced
Brown Brothers Harriman & Co9,524$2.73M0.01%+475+5.2%Added
Norinchukin Bank, The9,466$2.72M0.03%−954−9.2%Reduced
Sagespring Wealth Partners, LLC9,442$2.71M0.05%+4,809+103.8%Added
Jane Street Group, LLC9,402$2.70M0.00%−251,967−96.4%Reduced
CWM Advisors, LLC9,396$2.70M0.16%+9,313+11,220.5%Added
Summit Trail Advisors, LLC9,386$2.69M0.04%+1,775+23.3%Added
Partners in Financial Planning9,376$2.69M0.45%00.0%Unchanged
Scotia Capital Inc.9,328$2.68M0.01%+4,655+99.6%Added
Generali Asset Management SPA SGR9,318$2.67M0.06%−4,827−34.1%Reduced
Kentucky Trust Co9,270$2.66M1.39%−25−0.3%Reduced
MUFG Securities EMEA plc9,208$2.64M0.04%00.0%Unchanged
Delta Capital Management LLC9,190$2.64M1.45%−820−8.2%Reduced
Hancock Whitney Corp8,522$2.64M0.05%−174−2.0%Reduced
Mill Capital Management, LLC9,138$2.62M0.20%00.0%Unchanged
Avidian Wealth Solutions, LLC9,133$2.62M0.08%+9,133New
United Capital Financial Advisers, LLC9,126$2.62M0.02%−82−0.9%Reduced
Bahl & Gaynor Inc9,076$2.60M0.01%−10−0.1%Reduced
Naples Global Advisors, LLC9,054$2.60M0.19%+26+0.3%Added
ZEGA Investments, LLC8,936$2.56M0.49%+20.0%Added
Banque Cantonale Vaudoise8,909$2.56M0.10%+172+2.0%Added
Nilsine Partners, LLC8,008$2.55M0.20%−81−1.0%Reduced
Fisher Funds Management LTD8,885$2.55M0.07%00.0%Unchanged
Laird Norton Trust Company, LLC8,848$2.54M0.06%−190−2.1%Reduced
BI Asset Management Fondsmaeglerselskab A/S8,835$2.54M0.03%−867−8.9%Reduced
Sanibel Captiva Trust Company, Inc.8,805$2.53M0.07%00.0%Unchanged
Kingsview Wealth Management, LLC8,778$2.52M0.03%−329−3.6%Reduced
Lido Advisors, LLC8,735$2.51M0.01%+498+6.0%Added
ZWJ Investment Counsel Inc8,714$2.50M0.09%+2,169+33.1%Added
Carlson Capital L P8,700$2.50M0.99%+3,000+52.6%Added
Wellington Shields Capital Management, LLC8,689$2.49M0.37%+8,689New
Montag A & Associates Inc8,604$2.47M0.11%00.0%Unchanged
MTM Investment Management, LLC8,587$2.46M0.78%00.0%Unchanged
Equitable Holdings, Inc.8,548$2.46M0.02%+6,360+290.7%Added
Fiduciary Group LLC8,512$2.44M0.21%−52−0.6%Reduced
Trexquant Investment LP8,509$2.44M0.02%+8,509New
Resources Investment Advisors, LLC.8,489$2.44M0.02%−1,631−16.1%Reduced
Ascent Group, LLC8,480$2.43M0.08%+189+2.3%Added
Nomura Holdings Inc8,448$2.42M0.02%+8,448New
Boston Family Office LLC8,433$2.42M0.16%−40−0.5%Reduced
HM Payson & Co8,397$2.41M0.03%−54−0.6%Reduced
DLD Asset Management, LP8,379$2.40M0.24%−3,810−31.3%Reduced
Nicholas Hoffman & Company, LLC.8,360$2.40M0.06%+10.0%Added
Tower Bridge Advisors8,338$2.39M0.23%00.0%Unchanged
Jacobi Capital Management LLC8,333$2.39M0.13%+70+0.8%Added
Dynamic Technology Lab Private Ltd8,327$2.39M0.39%+8,327New
Saudi Central Bank8,282$2.38M0.05%+8,282New
Koshinski Asset Management, Inc.8,281$2.38M0.15%−1,014−10.9%Reduced
Point72 Asset Management, L.P.8,254$2.37M0.00%+5,692+222.2%Added
Kentucky Retirement Systems25,504$2.37M0.18%+11,325+79.9%Added
Anchyra Partners LLC8,179$2.35M0.71%+75+0.9%Added
Daymark Wealth Partners, LLC8,177$2.35M0.07%+41+0.5%Added
Romano Brothers and Company8,076$2.32M0.26%−160−1.9%Reduced
Versor Investments LP8,050$2.31M5.66%−45,613−85.0%Reduced
Partnership Wealth Management, LLC8,035$2.31M1.76%00.0%Unchanged
Dakota Wealth Management8,018$2.30M0.05%+969+13.7%Added
Diametric Capital, LP8,004$2.30M0.60%−139−1.7%Reduced
XY Capital Ltd8,000$2.30M2.51%+8,000New
Home Federal Bank of Tennessee7,917$2.27M0.57%−175−2.2%Reduced
Farringdon Capital, Ltd.7,898$2.27M0.50%+7,898New
Independent Advisor Alliance7,865$2.26M0.02%+156+2.0%Added
Empirical Finance, LLC7,852$2.25M0.11%−15−0.2%Reduced
Greenleaf Trust7,731$2.22M0.02%+1,147+17.4%Added
Inlet Private Wealth, LLC7,700$2.21M0.56%00.0%Unchanged
AE Wealth Management LLC7,682$2.20M0.01%−3,746−32.8%Reduced
E. Ohman J:or Asset Management AB7,637$2.19M0.06%00.0%Unchanged
Ritholtz Wealth Management7,633$2.19M0.04%+70+0.9%Added
HORAN Wealth, LLC7,606$2.19M0.21%+3,803+100.0%Added
Tokio Marine Asset Management Co Ltd7,587$2.18M0.08%00.0%Unchanged
Keel Point, LLC7,557$2.17M0.15%+176+2.4%Added
Prospera Financial Services Inc7,542$2.17M0.03%+277+3.8%Added
Modera Wealth Management, LLC7,549$2.17M0.03%−107−1.4%Reduced
Skopos Labs, Inc.7,545$2.17M0.07%+2,241+42.3%Added
Patten Group, Inc.7,528$2.16M0.38%−17−0.2%Reduced
Fruth Investment Management7,518$2.16M0.54%−290−3.7%Reduced
Hutner Capital Management Inc7,454$2.14M0.88%00.0%Unchanged
First Commonwealth Financial Corp7,449$2.14M0.34%00.0%Unchanged
Cache Advisors, LLC7,409$2.13M0.25%00.0%Unchanged
Heritage Trust Co7,348$2.11M0.21%−137−1.8%Reduced
TIAA Wealth Investment Management LLC7,302$2.10M0.02%+7,302New
Northwestern Mutual Investment Management Company, LLC7,186$2.06M0.03%+16+0.2%Added
Midwest Trust Co7,123$2.04M0.03%+1,177+19.8%Added
Crossmark Global Holdings, Inc.7,055$2.02M0.03%+167+2.4%Added