L3VLUP
ProSign in

NSC in the 13F filings

Norfolk Southern Corp · CUSIP 655844108

Sector · Industrials
Quarter
Q3 2026 · early filersQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 6 Feb 2026
Managers listing it
37
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 27 listed it in both
Shares listed
36,031,287
combined, among listed positions
Reported value
$10.4bn
combined, at the quarter end

Among the 92 comparable managers: 30 buyers (opened or added shares) and 9 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,215,798.

Managers listing NSC in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

37 of 37 holders

ActionFiling
Dodge & Cox9,623,885$2.8bn1.50%Trimmed-1,250,36413 Feb 2026 (the filing on sec.gov)
Millennium Management LLC4,150,431$1.2bn0.50%Added+1,505,91617 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc2,778,515$802m0.09%Trimmed-1,061,63117 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC2,538,641$733m0.11%Added+565,36417 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.2,278,400$658m0.36%Added+1,825,61217 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,799,834$520munder 0.1%Trimmed-1,412,19717 Feb 2026 (the filing on sec.gov)
Capital World Investors1,747,507$505m0.07%Added+109,49811 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC1,670,260$482m0.61%Added+572,99617 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,556,496$449munder 0.1%Trimmed-166,70019 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP1,465,985$423m0.25%Added+213,42013 Feb 2026 (the filing on sec.gov)
Third Point LLC975,000$282m3.87%Trimmed-675,00017 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC837,154$242m0.26%Added+541,38713 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC602,648$174m0.13%Added+33,52427 Oct 2026 (the filing on sec.gov)
Verition Fund Management LLC586,143$169m0.66%Added+178,83013 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP554,231$160m0.05%Added+64,12817 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp399,788$115m0.21%Added+132,09417 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP335,320$97m0.32%Added+183,85713 Feb 2026 (the filing on sec.gov)
Markel Group Inc273,500$79m0.63%Added+17,0006 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC261,369$75munder 0.1%Added+21,33212 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP229,833$66m0.06%Added+70,10213 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP181,970$53m0.41%Added+79,24917 Feb 2026 (the filing on sec.gov)
Man Group PLC165,517$48m0.08%Trimmed-34,58817 Feb 2026 (the filing on sec.gov)
Woodline Partners LP153,032$44m0.17%Added+16,24217 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC145,151$42munder 0.1%Added+4,59817 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC127,266$37m0.16%Added+12,29617 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (3)

Exited (2)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
18 in Q3 2024 to 29 in Q2 2026

Tracked managers listing it, at least.

0102030402014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
NSC by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201318$1.6bnn.a.n.a.
Q3 201312$1.6bnn.a.n.a.
Q4 201315$2.2bnn.a.n.a.
Q1 201416$2.1bnn.a.n.a.
Q2 201419$2.0bnn.a.n.a.
Q3 201419$2.5bnn.a.n.a.
Q4 201413$2.0bnn.a.n.a.
Q1 201512$3.3bnn.a.n.a.
Q2 201518$3.5bnn.a.n.a.
Q3 201520$3.1bnn.a.n.a.
Q4 201516$3.7bnn.a.n.a.
Q1 201616$2.8bnn.a.n.a.
Q2 201617$2.6bnn.a.n.a.
Q3 201618$3.0bnn.a.n.a.
Q4 201622$2.6bnn.a.n.a.
Q1 201723$3.1bnn.a.n.a.
Q2 201724$3.2bnn.a.n.a.
Q3 201721$3.7bnn.a.n.a.
Q4 201716$4.2bnn.a.n.a.
Q1 201823$4.1bnn.a.n.a.
Q2 201829$5.1bnn.a.n.a.
Q3 201827$5.1bnn.a.n.a.
Q4 201821$3.4bnn.a.n.a.
Q1 201927$4.5bnn.a.n.a.
Q2 201933$5.2bnn.a.n.a.
Q3 201924$4.0bnn.a.n.a.
Q4 201924$4.4bnn.a.n.a.
Q1 202025$3.0bnn.a.n.a.
Q2 202021$3.4bnn.a.n.a.
Q3 202020$4.3bnn.a.n.a.
Q4 202020$5.5bnn.a.n.a.
Q1 202119$6.0bnn.a.n.a.
Q2 202126$5.6bnn.a.n.a.
Q3 202122$4.6bnn.a.n.a.
Q4 202119$5.7bnn.a.n.a.
Q1 202223$5.1bnn.a.n.a.
Q2 202222$3.7bnn.a.n.a.
Q3 202220$2.4bnn.a.n.a.
Q4 202222$3.4bnn.a.n.a.
Q1 202325$3.8bnn.a.n.a.
Q2 202323$5.2bnn.a.n.a.
Q3 202320$4.1bnn.a.n.a.
Q4 202319$4.9bn1111
Q1 202422$5.9bn155
Q2 202417$5.2bn136
Q3 202418$7.2bn128
Q4 202424$7.2bn158
Q1 202517$7.8bn810
Q2 202522$8.8bn148
Q3 202530$10.3bn2311
Q4 202529$10.2bn309
Q1 202628$9.3bn2415
Q2 202629$8.7bn2115

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

NSC and KLAC →NSC and GE →NSC and LRCX →Choose a stock to compare with NSC →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own NSC, latest filings →Back to the 13F Explorer →