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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
Linscomb & Williams, Inc.32,190$10.1M0.44%−1,201−3.6%Reduced
Palliser Capital (UK) Ltd32,154$10.1M5.44%+32,154New
Lafayette Investments, Inc.31,883$10.0M1.85%−120.0%Reduced
JustInvest LLC31,870$10.0M0.08%+148+0.5%Added
Eliot Finkel Investment Counsel, LLC31,575$9.93M4.64%−30−0.1%Reduced
Pathstone Holdings, LLC30,940$9.74M0.03%+3,867+14.3%Added
Savant Capital, LLC31,002$9.54M0.03%+19,698+174.3%Added
Richard C. Young & CO., LTD.30,083$9.46M0.70%−1,940−6.1%Reduced
Sona Asset Management (US) LLC30,000$9.44M0.35%−39,083−56.6%Reduced
Nissay Asset Management Corp29,953$9.42M0.04%+1,181+4.1%Added
Johnson Investment Counsel Inc29,560$9.30M0.07%+311+1.1%Added
Trust Co of Vermont29,400$9.25M0.34%+29,400New
Toroso Investments, LLC29,274$9.21M0.02%+1,990+7.3%Added
Ausbil Investment Management Ltd28,026$8.94M4.04%+1,697+6.4%Added
Heritage Investors Management Corp28,414$8.94M0.25%−1,247−4.2%Reduced
Brinker Capital Investments, LLC28,350$8.92M0.07%−1,249−4.2%Reduced
Capital Investment Advisors, LLC28,331$8.91M0.12%−54−0.2%Reduced
Eurizon Capital SGR S.p.A.28,280$8.90M0.02%−383,219−93.1%Reduced
Public Employees Retirement Association of Colorado28,254$8.89M0.03%−513−1.8%Reduced
Yousif Capital Management, LLC27,961$8.80M0.10%−1,662−5.6%Reduced
BFSG, LLC27,950$8.79M0.78%−123−0.4%Reduced
Oregon Public Employees Retirement Fund27,544$8.67M0.09%+1,824+7.1%Added
Vestmark Advisory Solutions, Inc.27,439$8.63M0.08%−408−1.5%Reduced
Klingenstein Fields & Co LP27,348$8.60M0.30%−1,945−6.6%Reduced
Pinnacle Financial Partners, Inc.27,206$8.56M0.06%−521−1.9%Reduced
Mackenzie Financial Corp27,167$8.55M0.01%−367−1.3%Reduced
Trust Co of Toledo NA26,920$8.47M0.71%+20.0%Added
Pettyjohn, Wood & White, Inc26,701$8.40M1.22%+83+0.3%Added
WSFS Capital Management, LLC25,759$8.10M0.35%+1,580+6.5%Added
Credit Agricole S A25,677$8.08M0.02%+6,149+31.5%Added
Uncommon Cents Investing LLC25,651$8.07M1.75%−125−0.5%Reduced
Investment House LLC25,482$8.02M0.36%−270−1.0%Reduced
Steward Partners Investment Advisory, LLC25,475$8.01M0.04%+679+2.7%Added
Concurrent Investment Advisors, LLC25,468$8.01M0.07%+1,248+5.2%Added
Nykredit A/S25,406$7.99M0.03%+25,406New
Capitolis Liquid Global Markets LLC25,391$7.99M0.03%−84,705−76.9%Reduced
1st Source Bank25,389$7.99M0.36%−19−0.1%Reduced
Callan Family Office, LLC25,369$7.98M0.16%+69+0.3%Added
Redmond Asset Management, LLC25,286$7.95M1.99%−126−0.5%Reduced
Nordea Investment Management AB24,971$7.86M0.01%+2,066+9.0%Added
UniSuper Management Pty Ltd24,949$7.85M0.04%+5,777+30.1%Added
Moors & Cabot, Inc.24,698$7.77M0.30%−45−0.2%Reduced
HB Wealth Management, LLC24,634$7.75M0.04%−1,501−5.7%Reduced
OP Asset Management Ltd24,550$7.72M0.08%+1,719+7.5%Added
Yakira Capital Management, Inc.24,251$7.63M2.25%+1,500+6.6%Added
MAI Capital Management24,153$7.60M0.03%+2,227+10.2%Added
Carlson Capital L P23,958$7.54M1.55%+15,258+175.4%Added
Rafferty Asset Management, LLC23,942$7.53M0.02%+7,763+48.0%Added
Kornitzer Capital Management Inc23,928$7.53M0.16%−390−1.6%Reduced
Mutual of America Capital Management LLC23,157$7.28M0.07%−736−3.1%Reduced
Wealthfront Advisers LLC22,955$7.22M0.01%−760−3.2%Reduced
DLD Asset Management, LP22,894$7.20M0.59%+14,515+173.2%Added
Gibson Wealth Advisors LLC22,709$7.14M4.46%00.0%Unchanged
Allstate Corp22,640$7.12M0.07%+995+4.6%Added
BTG Pactual Asset Management US LLC22,539$7.09M0.53%−80−0.4%Reduced
Northwestern Mutual Wealth Management Co22,369$7.04M0.00%−214−0.9%Reduced
Howe & Rusling Inc22,338$7.03M0.41%−137−0.6%Reduced
South Dakota Investment Council22,333$7.03M0.12%00.0%Unchanged
MML Investors Services, LLC22,236$7.00M0.01%+3,812+20.7%Added
State of Alaska, Department of Revenue22,006$6.92M0.07%−120−0.5%Reduced
D.A. Davidson & Co.21,942$6.90M0.04%+89+0.4%Added
Estabrook Capital Management21,298$6.70M0.91%−138−0.6%Reduced
Susquehanna International Group, LLP21,174$6.66M0.01%−1,722−7.5%Reduced
Thompson Siegel & Walmsley LLC21,005$6.61M0.12%−465−2.2%Reduced
New Republic Capital, LLC20,396$6.42M1.48%+181+0.9%Added
Meridian Investment Counsel Inc.20,292$6.38M1.37%−301−1.5%Reduced
Burns J W & Co Inc20,198$6.35M0.66%−68−0.3%Reduced
Andra AP-fonden19,973$6.28M0.07%−41,040−67.3%Reduced
Bradley Foster & Sargent Inc19,914$6.26M0.09%00.0%Unchanged
Ieq Capital, LLC19,867$6.25M0.03%+19,867New
RSM US Wealth Management LLC19,729$6.21M0.07%−724−3.5%Reduced
P Schoenfeld Asset Management LP19,700$6.20M3.68%00.0%Unchanged
ASR Vermogensbeheer N.V.19,690$6.19M0.06%−652−3.2%Reduced
Warren Averett Asset Management, LLC19,581$6.16M0.04%−825−4.0%Reduced
Private Advisor Group, LLC19,577$6.16M0.03%−57−0.3%Reduced
Cullinan Associates Inc19,400$6.10M0.46%00.0%Unchanged
Jamison Private Wealth Management, Inc.19,214$6.04M0.63%−529−2.7%Reduced
Federation des caisses Desjardins du Quebec19,062$6.00M0.02%+3,783+24.8%Added
Patten & Patten Inc19,034$5.99M0.32%00.0%Unchanged
Pinebridge Investments LLC18,866$5.94M0.05%−166−0.9%Reduced
Bessemer Group Inc18,159$5.71M0.01%+112+0.6%Added
Guggenheim Capital LLC18,120$5.70M0.04%−553−3.0%Reduced
Silvercrest Asset Management Group LLC18,073$5.69M0.04%+59+0.3%Added
Somerset Trust Co18,050$5.68M1.61%+86+0.5%Added
Slotnik Capital, LLC18,000$5.66M1.58%+2,689+17.6%Added
Voloridge Investment Management, LLC17,935$5.64M0.02%+17,935New
Canandaigua National Bank & Trust Co17,873$5.62M0.47%+17,873New
Beacon Pointe Advisors, LLC17,809$5.60M0.03%−85−0.5%Reduced
Teachers Retirement System of the State of Kentucky17,742$5.58M0.04%00.0%Unchanged
Douglass Winthrop Advisors, LLC17,607$5.54M0.10%−4,468−20.2%Reduced
Mizuho Securities USA LLC17,583$5.53M0.09%+4,007+29.5%Added
Ethic Inc.17,529$5.51M0.07%+17,529New
NewEdge Wealth, LLC17,525$5.51M0.06%+420+2.5%Added
Cinctive Capital Management LP17,519$5.51M0.22%+17,519New
Cherokee Insurance Co17,500$5.51M2.12%00.0%Unchanged
Empowered Funds, LLC17,375$5.47M0.03%−7,855−31.1%Reduced
Pacer Advisors, Inc.17,184$5.41M0.01%+2,845+19.8%Added
Cary Street Partners Financial LLC17,161$5.40M0.12%+2,010+13.3%Added
Gulf International Bank (UK) Ltd17,043$5.36M0.11%−274−1.6%Reduced
Independent Investors Inc17,017$5.35M1.02%−500−2.9%Reduced