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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
Massar Capital Management, LP659$207.3K0.07%−699−51.5%Reduced
Ashton Thomas Securities, LLC672$207.3K0.03%+672New
Tower Wealth Partners, Inc.660$207.6K0.10%+660New
Waterloo Capital, L.P.663$208.5K0.01%+663New
Kooman & Associates664$208.9K0.06%+664New
Income Insurance Ltd664$208.9K0.12%+664New
PCM Encore, LLC664$208.9K0.04%+664New
Fidato Wealth LLC664$209.0K0.12%+664New
Smith Chas P & Associates Pa Cpas665$209.2K0.01%+665New
Vantage Point Financial LLC666$209.5K0.06%+666New
Dividend Assets Capital, LLC667$209.8K0.04%+667New
Smith Thornton Advisors LLC643$210.6K0.09%+643New
Trust Investment Advisors673$211.7K0.10%+673New
Verum Partners LLC673$211.7K0.03%+673New
Daner Wealth Management, LLC629$212.3K0.12%+629New
Aurdan Capital Management, LLC676$212.7K0.05%+676New
Conrad Siegel Investment Advisors, Inc.678$213.3K0.03%+678New
Gibson Capital, LLC680$214.0K0.04%+680New
Sowell Financial Services LLC681$214.2K0.01%−109−13.8%Reduced
Gaddis Premier Wealth Advisors LLC681$214.2K0.13%+681New
Edgemoor Investment Advisors, Inc.683$214.9K0.01%+683New
Purkiss Capital Advisors LLC683$214.9K0.08%+683New
Wealth Enhancement Trust Services, Inc.685$215.5K0.02%−280−29.0%Reduced
Argos Wealth Advisors, LLC689$216.8K0.06%+689New
Novak & Powell Financial Services, Inc.692$217.6K0.10%+692New
Facet Wealth, Inc.695$218.6K0.00%+695New
Cromwell Holdings LLC696$219.0K0.10%00.0%Unchanged
FC Advisory LLC698$219.5K0.06%00.0%Unchanged
West Family Investments, Inc.698$219.6K0.06%+698New
Cypress Asset Management Inc700$220.2K0.04%00.0%Unchanged
WealthTrust Axiom LLC700$220.2K0.05%00.0%Unchanged
Murphy, Middleton, Hinkle & Parker, Inc.700$220.2K0.09%00.0%Unchanged
Cowa, LLC700$220.2K0.06%00.0%Unchanged
McMillan Office, Inc.700$220.2K0.03%00.0%Unchanged
Oceanside Advisors LLC704$221.5K0.11%00.0%Unchanged
Alaethes Wealth LLC708$222.7K0.06%00.0%Unchanged
May Hill Capital, LLC709$223.0K0.05%+709New
PKS Advisory Services, LLC709$223.3K0.04%+709New
Versant Capital Management, Inc710$223.4K0.02%−109−13.3%Reduced
Fusion Capital, LLC711$223.5K0.05%00.0%Unchanged
Chesley Taft & Associates LLC711$223.7K0.01%+4+0.6%Added
Garrett Wealth Advisory Group, LLC713$224.3K0.03%−200−21.9%Reduced
Zullo Investment Group, Inc.719$226.2K0.08%−123−14.6%Reduced
Keudell/Morrison Wealth Management719$226.2K0.04%00.0%Unchanged
Phillips Wealth Planners LLC701$226.2K0.17%−1−0.1%Reduced
Sunflower Bank, N.A.720$226.5K0.05%−3−0.4%Reduced
Marin Bay Wealth Advisors, LLC721$226.9K0.12%−1,232−63.1%Reduced
GreatBanc Trust CO722$227.1K0.14%00.0%Unchanged
SmartHarvest Portfolios, LLC723$227.5K0.07%−25−3.3%Reduced
Hall Laurie J Trustee725$228.1K0.07%00.0%Unchanged
Crewe Advisors LLC725$228.1K0.02%+36+5.2%Added
Bridgewater Advisors Inc.774$228.2K0.01%−2−0.3%Reduced
Mraz, Amerine & Associates, Inc.729$229.3K0.03%+729New
Symmetry Partners, LLC730$229.7K0.01%+730New
Camden Capital, LLC731$229.9K0.01%−3−0.4%Reduced
Elevatus Welath Management733$230.6K0.06%00.0%Unchanged
Maple Capital Management, Inc.734$230.9K0.01%+35+5.0%Added
Baron Wealth Management LLC735$231.3K0.06%00.0%Unchanged
Csenge Advisory Group735$231.3K0.01%−100−12.0%Reduced
Lee Financial Co736$231.5K0.03%00.0%Unchanged
Financial Advisory Service, Inc.736$231.6K0.01%−749−50.4%Reduced
Tiemann Investment Advisors, LLC737$231.9K0.08%−100−11.9%Reduced
COFG Advisors, LLC739$232.6K0.04%+4+0.5%Added
GTS Securities LLC740$232.8K0.00%−200−21.3%Reduced
Western Wealth Management, LLC742$233.4K0.01%+32+4.5%Added
Legacy Financial Independent Advisors LLC743$233.7K0.11%00.0%Unchanged
Curat Global, LLC616$234.2K0.20%+61+11.0%Added
Atlas Brown,Inc.745$234.4K0.06%00.0%Unchanged
Farmers & Merchants Trust Co of Long Beach746$234.7K0.05%−5−0.7%Reduced
Foster & Motley Inc748$235.0K0.01%+748New
Jump Financial, LLC750$235.9K0.00%−70,665−98.9%Reduced
Capital Management Corp750$235.9K0.04%−50−6.3%Reduced
Allen Mooney & Barnes Investment Advisors LLC750$235.9K0.04%00.0%Unchanged
Beacon Financial Group751$236.3K0.02%−36−4.6%Reduced
626 Financial, LLC752$236.6K0.09%00.0%Unchanged
Greenfield Savings Bank755$237.5K0.09%00.0%Unchanged
Atlantic Trust, LLC755$237.5K0.03%−2−0.3%Reduced
Wall Street Access Asset Management, LLC758$238.5K0.03%+175+30.0%Added
Vickerman Investment Advisors, Inc.759$238.8K0.05%00.0%Unchanged
Flaharty Asset Management, LLC740$238.8K0.34%+740New
LVZ Advisors, Inc.759$238.9K0.02%00.0%Unchanged
Impact Partnership Wealth, LLC762$239.7K0.02%00.0%Unchanged
Cross Staff Investments Inc765$240.7K0.14%00.0%Unchanged
Topsail Wealth Management, LLC768$241.6K0.03%00.0%Unchanged
Frederick Financial Consultants, LLC773$243.2K0.10%+1+0.1%Added
Alpha Financial Partners, LLC774$243.6K0.13%+27+3.6%Added
Great Valley Advisor Group, Inc.773$243.8K0.00%−41−5.0%Reduced
Stephenson National Bank & Trust775$243.8K0.06%00.0%Unchanged
Biltmore Family Office, LLC775$243.8K0.03%+11+1.4%Added
First Business Financial Services, Inc.776$244.1K0.02%+18+2.4%Added
Rockline Wealth Management, LLC778$244.8K0.05%+39+5.3%Added
StoneX Group Inc.779$245.1K0.01%−262−25.2%Reduced
Waddell & Associates, LLC781$245.7K0.01%+781New
Guilbault Capital LLC785$246.8K0.25%−42−5.1%Reduced
Procyon Private Wealth Partners, LLC785$247.0K0.01%+1+0.1%Added
Portfolio Design Labs, LLC787$247.6K0.04%−2−0.3%Reduced
Maryland Capital Advisors Inc.790$248.5K0.08%+790New
Resonant Capital Advisors, LLC792$249.2K0.01%+14+1.8%Added
Citizens & Northern Corp793$249.5K0.06%−477−37.6%Reduced
First American Bank796$250.4K0.01%00.0%Unchanged