Norfolk SouthernNSC
13F holders, Q3 2025 (September 30)1,801holders +109
218new positions
98sold out
10famous investors
$300.26avg. 13F price*
At the end of Q3 2025, 1,801 institutions reported holding Norfolk Southern Corp. (NSC) in their 13F filings, up 109 from Q2 2025. 218 opened new positions and 98 sold out. The largest holders were Vanguard Group Inc. ($6.2B), BlackRock, Inc. ($4.5B) and Dodge & Cox ($3.3B). 10 famous investors held it, including Dan Loeb (6.0% of Third Point's portfolio), Israel Englander (0.7% of Millennium Management's portfolio) and Tom Gayner (0.6% of Markel Group's portfolio).
- Company
- Norfolk Southern Corp.
- Sector
- Industrials
- CUSIP
- 655844108
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 218 | $3.8B |
| Exits | 98 | $1.2B |
All 13F filers, Q2 2025 → Q3 2025: 27,106,596 shares bought and 31,980,918 shares sold, net −4,874,322 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 1,801 holders
| Vanguard Group Inc. | 0.09% | Reduce -0.0% | 20,553,186 | $6.2B |
| BlackRock, Inc. | 0.08% | Add +1.9% | 14,952,286 | $4.5B |
| Dodge & Cox | 1.76% | Add +0.1% | 10,874,249 | $3.3B |
| State Street Corp. | 0.10% | Reduce -0.6% | 9,330,730 | $2.8B |
| JPMorgan Chase & Co. | 0.09% | Reduce -14.3% | 4,866,907 | $1.5B |
| Geode Capital Management, LLC | 0.09% | Add +0.4% | 4,841,824 | $1.4B |
| T. Rowe Price Associates Inc. | 0.12% | Reduce -64.9% | 3,840,146 | $1.2B |
| Bank of America Corp. | 0.07% | Add +7.2% | 3,287,998 | $987.7M |
| FMR LLC | 0.05% | Reduce -18.7% | 3,212,031 | $964.9M |
| Pentwater Capital Management LP | 7.42% | New | 2,750,000 | $826.1M |
| Northern Trust Corp. | 0.11% | Reduce -0.4% | 2,744,672 | $824.5M |
| Millennium Management | 0.65% | Add +506.2% | 2,644,515 | $794.4M |
| Morgan Stanley | 0.05% | Add +3.9% | 2,481,789 | $745.6M |
| Dimensional Fund Advisors LP | 0.14% | Add +5.8% | 2,179,610 | $654.8M |
| American Century Companies Inc. | 0.33% | Reduce -28.3% | 2,154,815 | $647.3M |
| UBS Group AG | 0.12% | Add +86.5% | 2,072,337 | $622.6M |
| Goldman Sachs Group Inc. | 0.09% | Add +0.5% | 2,046,448 | $614.8M |
| Citadel Advisors | 0.48% | Add +18025.1% | 1,973,277 | $592.8M |
| London Co. of Virginia | 2.99% | Reduce -2.2% | 1,805,124 | $542.3M |
| Legal & General Group Plc | 0.12% | Add +4.6% | 1,744,074 | $523.9M |
| Invesco Ltd. | 0.08% | Reduce -3.9% | 1,723,196 | $517.7M |
| Third Point | 5.98% | New | 1,650,000 | $495.7M |
| Bank of New York Mellon Corp | 0.09% | Reduce -4.0% | 1,647,781 | $495.0M |
| Capital World Investors | 0.07% | Add +0.3% | 1,638,009 | $492.1M |
| Charles Schwab Investment Management Inc. | 0.07% | Reduce -0.1% | 1,436,170 | $431.4M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.09% | Add +545.2% | 1,306,203 | $392.4M |
| Royal Bank of Canada | 0.07% | Add +70.2% | 1,282,353 | $385.2M |
| HBK Investments L P | 6.33% | New | 1,270,000 | $381.5M |
| Arrowstreet Capital, Limited Partnership | 0.24% | Add +22.3% | 1,252,565 | $376.3M |
| Fisher Asset Management | 0.12% | Add +7.5% | 1,133,629 | $340.6M |
| Primecap Management Co. | 0.26% | Add +7.9% | 1,132,583 | $340.2M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.55% | Add +1.3% | 1,132,501 | $340.2M |
| Wells Fargo & Company | 0.07% | Reduce -7.8% | 1,108,521 | $333.0M |
| Balyasny Asset Management L.P. | 0.69% | New | 1,097,264 | $329.6M |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 0.29% | Add +11732.8% | 1,061,989 | $319.0M |
| Amundi | 0.10% | Add +42.9% | 1,022,230 | $306.3M |
| Assenagon Asset Management S.A. | 0.42% | Add +93.1% | 952,544 | $286.2M |
| FIL Ltd | 0.22% | Reduce -21.9% | 932,603 | $280.2M |
| Ancora Advisors LLC | 5.00% | Reduce -27.4% | 830,288 | $249.4M |
| Hotchkis & Wiley Capital Management LLC | 0.71% | Reduce -6.6% | 764,463 | $229.7M |
| Deutsche Bank AG | 0.08% | Reduce -47.8% | 750,277 | $225.4M |
| Mitsubishi UFJ Trust & Banking Corp | 0.48% | Reduce -23.0% | 732,975 | $220.2M |
| Cohen & Steers, Inc. | 0.39% | Add +251.3% | 719,889 | $216.3M |
| Swiss National Bank | 0.11% | Reduce -5.1% | 649,900 | $195.2M |
| Farallon Capital Management, L.L.C. | 1.04% | New | 615,000 | $184.8M |
| Cincinnati Financial Corp. | 3.49% | No change | 587,687 | $176.5M |
| National Pension Service | 0.14% | Add +2.1% | 581,261 | $174.6M |
| Neuberger Berman Group LLC | 0.13% | Add +316.4% | 569,124 | $171.0M |
| Sumitomo Mitsui Trust Group, Inc. | 0.09% | Add +0.5% | 549,028 | $164.9M |
| Nuveen, LLC | 0.04% | Add +4.8% | 537,968 | $161.6M |
| Adage Capital Partners Gp, L.L.C. | 0.25% | Reduce -24.9% | 522,857 | $157.1M |
| Sculptor Capital LP | 3.44% | Add +1202.6% | 508,000 | $152.6M |
| Alpine Associates Management Inc. | 9.21% | New | 502,610 | $151.0M |
| Alliancebernstein L.P. | 0.05% | Add +69.4% | 490,103 | $147.2M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.11% | Add +3.9% | 486,162 | $146.0M |
| D. E. Shaw & Co. | 0.12% | Reduce -15.8% | 452,788 | $136.0M |
| Aberdeen Group plc | 0.21% | Reduce -15.5% | 447,556 | $134.1M |
| DAVENPORT & Co LLC | 0.72% | Reduce -17.9% | 445,923 | $133.9M |
| Rhumbline Advisers | 0.11% | Add +1.3% | 437,783 | $131.5M |
| Verition Fund Management LLC | 0.73% | Add +760.4% | 407,313 | $122.4M |
| Ameriprise Financial Inc. | 0.03% | Reduce -19.4% | 406,145 | $122.0M |
| Barclays PLC | 0.04% | Reduce -40.7% | 389,617 | $117.0M |
| California Public Employees Retirement System | 0.07% | Add +7.6% | 387,490 | $116.4M |
| Envestnet Asset Management Inc. | 0.03% | Reduce -13.5% | 386,090 | $116.0M |
| Raymond James Financial Inc. | 0.04% | Reduce -17.1% | 374,615 | $112.5M |
| PNC Financial Services Group, Inc. | 0.07% | Reduce -1.5% | 369,996 | $111.2M |
| HSBC Holdings PLC | 0.06% | Add +1.0% | 364,236 | $109.3M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.55% | Add +5.2% | 362,167 | $108.8M |
| Franklin Resources Inc. | 0.03% | Reduce -32.1% | 359,033 | $107.9M |
| Magnetar Financial LLC | 0.69% | New | 358,330 | $107.6M |
| California State Teachers Retirement System | 0.10% | Add +23.6% | 335,705 | $100.8M |
| KRYGER CAPITAL Ltd | 11.42% | New | 328,963 | $98.8M |
| Canada Pension Plan Investment Board | 0.07% | Add +28.8% | 320,082 | $96.2M |
| Bank of Montreal | 0.04% | Add +72.9% | 313,834 | $94.3M |
| Laurion Capital Management LP | 13.35% | New | 301,699 | $90.6M |
| Squarepoint Ops LLC | 0.19% | Add +338.2% | 295,767 | $88.9M |
| HighTower Advisors, LLC | 0.10% | Add +0.3% | 280,653 | $84.3M |
| Clearstead Advisors, LLC | 1.22% | Add +0.2% | 279,130 | $83.9M |
| LPL Financial LLC | 0.02% | Reduce -0.5% | 275,070 | $82.6M |
| Public Employees Retirement Association of Colorado | 0.30% | Reduce -35.5% | 272,365 | $81.8M |
| Tudor Investment Corporation | 0.54% | New | 267,694 | $80.4M |
| Cincinnati Insurance Co. | 1.23% | No change | 264,400 | $79.4M |
| Citigroup Inc. | 0.05% | Reduce -9.4% | 260,497 | $78.3M |
| Markel Group | 0.63% | Add +8.5% | 256,500 | $77.1M |
| Magellan Asset Management Ltd | 0.90% | Reduce -36.5% | 252,848 | $76.0M |
| Principal Financial Group Inc. | 0.04% | Add +0.8% | 250,186 | $75.2M |
| New York State Common Retirement Fund | 0.10% | Reduce -6.1% | 245,020 | $73.6M |
| Jane Street Group, LLC | 0.09% | New | 240,037 | $72.1M |
| First Trust Advisors LP | 0.05% | Reduce -12.4% | 230,815 | $69.3M |
| BNP Paribas Financial Markets | 0.05% | Reduce -46.2% | 229,017 | $68.8M |
| CANADA LIFE ASSURANCE Co | 0.09% | Add +10.2% | 220,075 | $65.9M |
| Truist Financial Corp. | 0.09% | Reduce -3.1% | 218,782 | $65.7M |
| AustralianSuper Pty Ltd | 0.31% | New | 216,000 | $64.9M |
| Calamos Advisors LLC | 0.38% | Add +10.5% | 214,274 | $64.4M |
| TIG Advisors, LLC | 3.83% | New | 206,611 | $62.1M |
| Zacks Investment Management | 0.49% | Add +0.9% | 206,088 | $61.9M |
| CIBC Bancorp USA Inc. | 0.37% | — | 205,991 | $61.9M |
| Russell Investments Group, Ltd. | 0.07% | Add +1.8% | 203,772 | $61.2M |
| State Board of Administration of Florida Retirement System | 0.11% | Reduce -6.0% | 203,523 | $61.1M |
| Man Group plc | 0.12% | New | 200,105 | $60.1M |
"% of holder's portfolio" is NSC's weight in each manager's 13F, not the share of Norfolk Southern Corp. the manager owns.