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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, Q2 2026

Institutional positions in Norfolk Southern Corp as of Jun 30, 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
1,869
+51 vs. Q1 2026
Shares held
170.6M
+2.79M (+1.7%) vs. Q1 2026
Total value
$53.6B
+$5.51B (+11.5%) vs. Q1 2026
New holders
136
611 more added
Sold out
85
643 more reduced

23 institutions that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2026: 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 holdersQ2 2026: 1,869 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 heldQ2 2026: $53.6B
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, Q2 2026

Shares, value and share of portfolio for each institution holding Norfolk Southern Corp; share changes are against Q1 2026.

Institutions holding NSC in Q2 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Bradley Foster & Sargent Inc19,914$6.26M0.09%00.0%Unchanged
Andra AP-fonden19,973$6.28M0.07%−41,040−67.3%Reduced
Burns J W & Co Inc20,198$6.35M0.66%−68−0.3%Reduced
Meridian Investment Counsel Inc.20,292$6.38M1.37%−301−1.5%Reduced
New Republic Capital, LLC20,396$6.42M1.48%+181+0.9%Added
Thompson Siegel & Walmsley LLC21,005$6.61M0.12%−465−2.2%Reduced
Susquehanna International Group, LLP21,174$6.66M0.01%−1,722−7.5%Reduced
Estabrook Capital Management21,298$6.70M0.91%−138−0.6%Reduced
D.A. Davidson & Co.21,942$6.90M0.04%+89+0.4%Added
State of Alaska, Department of Revenue22,006$6.92M0.07%−120−0.5%Reduced
MML Investors Services, LLC22,236$7.00M0.01%+3,812+20.7%Added
South Dakota Investment Council22,333$7.03M0.12%00.0%Unchanged
Howe & Rusling Inc22,338$7.03M0.41%−137−0.6%Reduced
Northwestern Mutual Wealth Management Co22,369$7.04M0.00%−214−0.9%Reduced
BTG Pactual Asset Management US LLC22,539$7.09M0.53%−80−0.4%Reduced
Allstate Corp22,640$7.12M0.07%+995+4.6%Added
Gibson Wealth Advisors LLC22,709$7.14M4.46%00.0%Unchanged
DLD Asset Management, LP22,894$7.20M0.59%+14,515+173.2%Added
Wealthfront Advisers LLC22,955$7.22M0.01%−760−3.2%Reduced
Mutual of America Capital Management LLC23,157$7.28M0.07%−736−3.1%Reduced
Kornitzer Capital Management Inc23,928$7.53M0.16%−390−1.6%Reduced
Rafferty Asset Management, LLC23,942$7.53M0.02%+7,763+48.0%Added
Carlson Capital L P23,958$7.54M1.55%+15,258+175.4%Added
MAI Capital Management24,153$7.60M0.03%+2,227+10.2%Added
Yakira Capital Management, Inc.24,251$7.63M2.25%+1,500+6.6%Added
OP Asset Management Ltd24,550$7.72M0.08%+1,719+7.5%Added
HB Wealth Management, LLC24,634$7.75M0.04%−1,501−5.7%Reduced
Moors & Cabot, Inc.24,698$7.77M0.30%−45−0.2%Reduced
UniSuper Management Pty Ltd24,949$7.85M0.04%+5,777+30.1%Added
Nordea Investment Management AB24,971$7.86M0.01%+2,066+9.0%Added
Redmond Asset Management, LLC25,286$7.95M1.99%−126−0.5%Reduced
Callan Family Office, LLC25,369$7.98M0.16%+69+0.3%Added
1st Source Bank25,389$7.99M0.36%−19−0.1%Reduced
Capitolis Liquid Global Markets LLC25,391$7.99M0.03%−84,705−76.9%Reduced
Nykredit A/S25,406$7.99M0.03%+25,406New
Concurrent Investment Advisors, LLC25,468$8.01M0.07%+1,248+5.2%Added
Steward Partners Investment Advisory, LLC25,475$8.01M0.04%+679+2.7%Added
Investment House LLC25,482$8.02M0.36%−270−1.0%Reduced
Uncommon Cents Investing LLC25,651$8.07M1.75%−125−0.5%Reduced
Credit Agricole S A25,677$8.08M0.02%+6,149+31.5%Added
WSFS Capital Management, LLC25,759$8.10M0.35%+1,580+6.5%Added
Pettyjohn, Wood & White, Inc26,701$8.40M1.22%+83+0.3%Added
Trust Co of Toledo NA26,920$8.47M0.71%+20.0%Added
Mackenzie Financial Corp27,167$8.55M0.01%−367−1.3%Reduced
Pinnacle Financial Partners, Inc.27,206$8.56M0.06%−521−1.9%Reduced
Klingenstein Fields & Co LP27,348$8.60M0.30%−1,945−6.6%Reduced
Vestmark Advisory Solutions, Inc.27,439$8.63M0.08%−408−1.5%Reduced
Oregon Public Employees Retirement Fund27,544$8.67M0.09%+1,824+7.1%Added
BFSG, LLC27,950$8.79M0.78%−123−0.4%Reduced
Yousif Capital Management, LLC27,961$8.80M0.10%−1,662−5.6%Reduced
Public Employees Retirement Association of Colorado28,254$8.89M0.03%−513−1.8%Reduced
Eurizon Capital SGR S.p.A.28,280$8.90M0.02%−383,219−93.1%Reduced
Capital Investment Advisors, LLC28,331$8.91M0.12%−54−0.2%Reduced
Brinker Capital Investments, LLC28,350$8.92M0.07%−1,249−4.2%Reduced
Heritage Investors Management Corp28,414$8.94M0.25%−1,247−4.2%Reduced
Ausbil Investment Management Ltd28,026$8.94M4.04%+1,697+6.4%Added
Toroso Investments, LLC29,274$9.21M0.02%+1,990+7.3%Added
Trust Co of Vermont29,400$9.25M0.34%+29,400New
Johnson Investment Counsel Inc29,560$9.30M0.07%+311+1.1%Added
Nissay Asset Management Corp29,953$9.42M0.04%+1,181+4.1%Added
Sona Asset Management (US) LLC30,000$9.44M0.35%−39,083−56.6%Reduced
Richard C. Young & CO., LTD.30,083$9.46M0.70%−1,940−6.1%Reduced
Savant Capital, LLC31,002$9.54M0.03%+19,698+174.3%Added
Pathstone Holdings, LLC30,940$9.74M0.03%+3,867+14.3%Added
Eliot Finkel Investment Counsel, LLC31,575$9.93M4.64%−30−0.1%Reduced
JustInvest LLC31,870$10.0M0.08%+148+0.5%Added
Lafayette Investments, Inc.31,883$10.0M1.85%−120.0%Reduced
Palliser Capital (UK) Ltd32,154$10.1M5.44%+32,154New
Linscomb & Williams, Inc.32,190$10.1M0.44%−1,201−3.6%Reduced
Huntington National Bank32,421$10.2M0.05%+444+1.4%Added
Swiss Life Asset Management Ltd32,641$10.3M0.04%−16,704−33.9%Reduced
Tufton Capital Management32,919$10.4M1.74%−425−1.3%Reduced
Vestcor Inc33,113$10.4M0.26%00.0%Unchanged
Saybrook Capital33,198$10.4M2.61%−493−1.5%Reduced
British Columbia Investment Management Corp33,680$10.6M0.07%+2,755+8.9%Added
Baker Chad R33,906$10.7M1.72%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey34,098$10.7M0.08%−683−2.0%Reduced
Voya Investment Management LLC34,129$10.7M0.01%−1,437−4.0%Reduced
Utah Retirement Systems34,153$10.7M0.10%−2,557−7.0%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd34,281$10.8M0.07%+2,192+6.8%Added
BTC Capital Management, Inc.35,073$11.0M0.67%+730+2.1%Added
Boothbay Fund Management, LLC35,078$11.0M0.21%+13,522+62.7%Added
Cohen Klingenstein LLC35,500$11.2M0.32%00.0%Unchanged
GWM Advisors LLC35,598$11.2M0.03%+5,233+17.2%Added
Neville Rodie & Shaw Inc35,874$11.3M0.73%−790−2.2%Reduced
KBC Group NV35,924$11.3M0.02%+5,489+18.0%Added
Ghisallo Capital Management LLC36,000$11.3M0.22%−16,000−30.8%Reduced
NEOS Investment Management LLC36,141$11.4M0.04%+4,649+14.8%Added
Glenmede Trust Co NA36,277$11.4M0.05%−786−2.1%Reduced
Public Sector Pension Investment Board36,454$11.5M0.03%−35,477−49.3%Reduced
Glenview Trust Co36,527$11.5M0.16%−182−0.5%Reduced
Rakuten Investment Management, Inc.36,730$11.6M0.03%+3,411+10.2%Added
Sanctuary Advisors, LLC37,161$11.7M0.05%−1,032−2.7%Reduced
Ilmarinen Mutual Pension Insurance Co38,398$12.1M0.08%−3,750−8.9%Reduced
Connor, Clark & Lunn Investment Management Ltd.38,876$12.2M0.02%−211−0.5%Reduced
Amalgamated Bank39,249$12.3M0.09%−2,640−6.3%Reduced
Baker Avenue Asset Management, LP39,299$12.4M0.24%+3,954+11.2%Added
TPG GP A, LLC40,000$12.6M0.25%00.0%Unchanged
Xponance, Inc.40,162$12.6M0.08%+432+1.1%Added
Kempen Capital Management N.V.40,308$12.7M0.10%+3,196+8.6%Added