Norfolk Southern Corp (NSC) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

305,098,039Shares Outstanding

4,133,681Shares held by institutions

$1,306,739,238Value of institutional holdings

67.31%Institutional ownership %

1.73%Shares Changed QoQ

933No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

Norfolk Southern Corp (NYSE:NSC) currently has 1748 active institutional owners and shareholders as of today (December 2025), that have filed 13F forms with the Securities Exchange Commission (SEC).

These investors collectively held 74.1% of the company's total shares outstanding in December 2025, down from 74.9% in September 2025.
Quarterly data indicates a 4.25% shift in institutional share volume, and the annual owner count reflects an increase of 5.05%.
The latest 13F cycle for Norfolk Southern reveals that of 1748 total investors, 722 funds grew their exposure, whereas 605 reduced theirs and 421 made no changes.
The total number of shares held by institutions in Norfolk Southern increased to 166.91Mn as of December 2025, a net change of up by 6.80Mn shares quarter on quarter, and down 7.75Mn shares year over year.
VANGUARD GROUP INC continues to be the largest institutional holder of Norfolk Southern as of December 31, 2025, with a position of 20.83Mn shares, representing 9.24% of the company's outstanding stock.
Among the most significant buyers of Norfolk Southern during December 2025 were NORGES BANK (3.76Mn), D. E. Shaw & Co., Inc. (1.83Mn), MILLENNIUM MANAGEMENT LLC (1.50Mn), HBK INVESTMENTS L P (860.00K), Amundi (770.58K).
Leading sellers of Norfolk Southern stock in December 2025 included JPMORGAN CHASE & CO (2.31Mn), FMR LLC (1.41Mn), DODGE & COX (1.25Mn), Ancora Advisors LLC (818.01K), UBS Group AG (759.88K).
The top 10 institutional holders of Norfolk Southern for the quarter ending December 2025 included VANGUARD GROUP INC (20.83Mn), BlackRock, Inc. (14.91Mn), STATE STREET CORP (9.71Mn), DODGE & COX (9.62Mn), GEODE CAPITAL MANAGEMENT, LLC (4.88Mn), MILLENNIUM MANAGEMENT LLC (4.18Mn), NORGES BANK (3.76Mn), BANK OF AMERICA CORP /DE/ (3.23Mn), Pentwater Capital Management LP (3.02Mn), NORTHERN TRUST CORP (2.69Mn).

1,748 Institutional Holders

4,133,681 Total Shares Held

Rows:

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Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
VANGUARD GROUP INC	31 Dec, 2025	20,825,837	272,651	1.33%	$6,012,835,660.00
BlackRock, Inc.	31 Dec, 2025	14,905,794	-46,492	-0.31%	$4,303,600,843.00
STATE STREET CORP	31 Dec, 2025	9,710,549	379,819	4.07%	$2,803,629,707.00
DODGE & COX	31 Dec, 2025	9,623,885	-1,250,364	-11.50%	$2,778,608,077.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	4,878,029	36,205	0.75%	$1,401,796,779.00
MILLENNIUM MANAGEMENT LLC	31 Dec, 2025	4,175,931	1,504,116	56.30%	$1,205,674,798.00
NORGES BANK	31 Dec, 2025	3,756,930	3,756,930	0.00%	$1,084,700,830.00
BANK OF AMERICA CORP /DE/	31 Dec, 2025	3,228,718	-59,280	-1.80%	$932,195,578.00
Pentwater Capital Management LP	31 Dec, 2025	3,019,000	269,000	9.78%	$871,645,680.00
NORTHERN TRUST CORP	31 Dec, 2025	2,692,363	-52,309	-1.91%	$777,339,046.00
MORGAN STANLEY	31 Dec, 2025	2,629,990	148,201	5.97%	$759,331,511.00
JPMORGAN CHASE & CO	31 Dec, 2025	2,558,536	-2,308,371	-47.43%	$738,700,827.00
CITADEL ADVISORS LLC	31 Dec, 2025	2,538,641	565,364	28.65%	$732,956,430.00
D. E. Shaw & Co., Inc.	31 Dec, 2025	2,278,400	1,825,612	403.19%	$657,819,648.00
DIMENSIONAL FUND ADVISORS LP	31 Dec, 2025	2,213,431	33,821	1.55%	$639,081,773.00
HBK INVESTMENTS L P	31 Dec, 2025	2,130,000	860,000	67.72%	$614,973,600.00
AMERICAN CENTURY COMPANIES INC	31 Dec, 2025	2,028,929	-125,886	-5.84%	$585,793,100.00
LONDON CO OF VIRGINIA	31 Dec, 2025	1,810,853	5,729	0.32%	$522,838,063.00
FMR LLC	31 Dec, 2025	1,799,834	-1,412,197	-43.97%	$519,648,229.00
Amundi	31 Dec, 2025	1,792,811	770,581	75.38%	$517,620,392.00

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