Which funds own NSC
Norfolk Southn Corp in the Q2 2026 filings. 20 of the 94 managers on file reported a position, worth $6.7bn between them. A fifth of the managers on file hold it, which is a crowd without being the whole market. The quarter went one way: 15 managers opened or added against 4 cutting.
- Managers holding
- 20
- of 94 on file
- Combined value
- $6.7bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 14
- already held
- Trimmed or sold out
- 4
- 0 sold out entirely
Every manager on file with a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Millennium Management LLC Multi-strategy · $276bn book | $1.6bn | 0.6% | 5,201,728 | +$321m+617,642 | Added |
| D. E. Shaw & Co. Quantitative · $210bn book | $818m | 0.4% | 2,601,202 | +$169m+337,722 | Added |
| Dodge & Cox Activist · $191bn book | $789m | 0.4% | 2,508,128 | -$1.0bn-3,749,622 | Trimmed |
| Capital World Investors Long-only · $846bn book | $633m | 0.1% | 2,011,919 | +$57m+5,247 | Added |
| Arrowstreet Capital LP Quantitative · $225bn book | $545m | 0.2% | 1,732,049 | +$78m+105,361 | Added |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $350m | 0.4% | 1,111,173 | -$35m-227,544 | Trimmed |
| Caxton Associates LLP Macro · $5.3bn book | $328m | 6.2% | 1,043,375 | +$231m+705,249 | Added |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $239m | 1.2% | 758,728 | +$29m+27,595 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $224m | 0.2% | 711,526 | +$39m+68,013 | Added |
| Tudor Investment Corp Macro · $71.9bn book | $204m | 0.3% | 647,145 | +$22m+15,470 | Added |
| Third Point LLC Activist · $4.7bn book | $189m | 4.0% | 600,000 | +$160m+500,000 | Added |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $153m | 0.4% | 486,264 | +$35m+73,711 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $144m | 0.2% | 457,236 | -$76m-308,415 | Trimmed |
| Rokos Capital Management LLP Macro · $26.8bn book | $99m | 0.4% | 314,671 | +$60m+178,236 | Added |
| Markel Group Inc Activist · $13.1bn book | $89m | 0.7% | 282,500 | +$7.8m0 | Held |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $77m | 0.5% | 244,499 | +$31m+84,542 | Added |
| Woodline Partners LP Long/short equity · $32.4bn book | $70m | 0.2% | 221,015 | +$16m+35,136 | Added |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $44m | 0.2% | 140,110 | +$10m+21,492 | Added |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $30m | 0.1% | 96,000 | opened96,000 | New |
| Brevan Howard Capital Management LP Macro · $13.5bn book | $17m | 0.1% | 53,634 | +$300k-4,918 | Trimmed |
What NSC is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around NSC →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More
The holdings, every quarter, and the week between
One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.
One email a week, free, and you can leave at any point.
Pro opens every manager and every filing with no allowance. L3VLUP Pro, $25/month →