Norfolk Southern NSC Institutional Ownership

Ownership Summary

Norfolk Southern Corp (NYSE:NSC) has 1,796 institutional investors that have filed 13F reports for the period ending March 2026.

• These investors held 74.8% of outstanding shares in March 2026, down from 76.8% in December 2025.
• They increased total shares held in Norfolk Southern by 14.65% from the prior quarter, while the number of investors in NSC increased 8.45% year over year.
• Of these 1,796 funds, 707 grew their exposure to Norfolk Southern, 651 cut back, and 438 maintained positions.
• Combined, these investors held 167.97Mn shares in NSC for March 2026, up by 21.46Mn shares quarter on quarter, and down 14.92Mn shares year over year.
• BlackRock, Inc. leads ownership in NSC with 15.28Mn shares as of March 31, 2026, equal to 6.8% of outstanding shares.
• The largest buyers of Norfolk Southern for the quarter ending March 2026 were VANGUARD CAPITAL MANAGEMENT LLC (14.59Mn), VANGUARD PORTFOLIO MANAGEMENT LLC (4.03Mn), PRICE T ROWE ASSOCIATES INC /MD/ (2.13Mn), VANGUARD FIDUCIARY TRUST CO (1.26Mn), Capital Wealth Planning, LLC (898.37K).
• The largest sales of NSC for the quarter ending March 2026 came from DODGE & COX (3.37Mn), Goldman Sachs Group Inc (1.66Mn), Jpmorgan Chase & Co (931.09K), Third Point LLC (875.0K), M&T Bank Corp (784.49K).
• Per Business Quant data, the top 10 holders of Norfolk Southern for the quarter ending March 2026 are BlackRock, Inc. (15.28Mn), VANGUARD CAPITAL MANAGEMENT LLC (14.59Mn), State Street Corp (9.83Mn), DODGE & COX (6.26Mn), GEODE CAPITAL MANAGEMENT, LLC (5.08Mn), MILLENNIUM MANAGEMENT LLC (4.58Mn), VANGUARD PORTFOLIO MANAGEMENT LLC (4.03Mn), Pentwater Capital Management LP (3.22Mn), Bank Of America Corp /De/ (3.2Mn), Northern Trust Corp (2.64Mn).