Norfolk Southern NSC Institutional Ownership

NYSE NSC

$328.42 +2.85 (+0.88%)

At close: Oct 21, 2026 · 4:00 PM EDT

Institutions by Trading Activity

1,861 Institutions

Increased 750 40.3%

Unchanged 481 25.8%

Reduced 630 33.9%

Ownership Statistics

13F · as of 30 Jun, 2026

Institutional Ownership

75.91%

▲+1.15 pp QoQ

Shares Held by Institutions

170.50Mn

of 224.61Mn outstanding

▲+1.54% QoQ

Shares Outstanding

224.61Mn

54.10Mn held outside 13F filers

Institutional Investors

1,861

filed 13F for Jun 2026

▲+31 vs prior quarter

Net Shares Added (QoQ)

+2.59Mn

accumulated since last quarter

Value of Holdings

$55.49Bn

reported market value

Shares Owned by Institutions

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Institutions

Accumulated Distributed

Latest quarter —

Net over range —

Accumulating quarters —

Ownership Summary

Updated Oct 16, 2026

Norfolk Southern Corp (NYSE:NSC) was held by 1,860 institutional investors that filed 13F reports for the quarter ended June 30, 2026.

Together they owned 75.91% of the outstanding stock in Q2 2026, up from 74.76% a quarter earlier.
Total holdings of NSC shares rose 1.54% from Q1 2026, and the holder count rose 9.67% from Q2 2025.
Of the 1,860 holders, 749 added to their positions, 630 reduced their stakes and 481 left their positions unchanged in Q2 2026.
In total, institutional investors held 170.5Mn shares of Norfolk Southern at the end of Q2 2026, up 2.59Mn from the prior quarter and down 4.55Mn from a year earlier.
As of June 30, 2026, BlackRock, Inc. held the largest stake in Norfolk Southern with 16Mn shares, or 7.12% of shares outstanding.
The biggest increases in NSC positions during Q2 2026 came from Vanguard Portfolio Management LLC (+3.19Mn shares), BlackRock, Inc. (+724.24K shares), Caxton Associates LLP (+705.25K shares), Millennium Management LLC (+617.64K shares) and Third Point LLC (+500K shares).
The biggest cuts to NSC positions during Q2 2026 came from Dodge & Cox (-3.75Mn shares), Citadel Advisors LLC (-1.03Mn shares), DZ BANK AG Deutsche Zentral Genossenschafts Bank (-777.91K shares), UBS Group AG (-773.42K shares) and Amundi (-686.28K shares).
Per Business Quant data, the 10 largest holders of Norfolk Southern at the end of Q2 2026 were BlackRock, Inc. (16Mn shares), Vanguard Capital Management LLC (14.67Mn shares), State Street Corp (10.24Mn shares), Vanguard Portfolio Management LLC (7.22Mn shares), Millennium Management LLC (5.2Mn shares), Geode Capital Management, LLC (5.11Mn shares), Bank of America Corp (3.11Mn shares), Norges Bank (3.04Mn shares), Pentwater Capital Management LP (2.77Mn shares) and Northern Trust Corp (2.61Mn shares).

Form 13F Holdings

1,861 Institutional Holders

Report period 30 Jun, 2026

Total shares held 170.50Mn

Of outstanding 75.91%

#	Institution	CIK	Shares Held	% of Outstanding	Change (QoQ)	Change (%)	Value (USD)
1	BlackRock, Inc.	0002012383	16,000,346	7.12%	▲724,235	+4.74%	$5.03Bn
2	VANGUARD CAPITAL MANAGEMENT LLC	0002100119	14,666,136	6.53%	▲79,477	+0.54%	$4.61Bn
3	State Street Corp	0000093751	10,242,817	4.56%	▲408,771	+4.16%	$3.22Bn
4	VANGUARD PORTFOLIO MANAGEMENT LLC	0002100121	7,215,898	3.21%	▲3,190,005	+79.24%	$2.27Bn
5	MILLENNIUM MANAGEMENT LLC	0001273087	5,201,728	2.32%	▲617,642	+13.47%	$1.64Bn
6	GEODE CAPITAL MANAGEMENT, LLC	0001214717	5,114,278	2.28%	▲38,090	+0.75%	$1.60Bn
7	Bank Of America Corp /De/	0000070858	3,111,914	1.39%	▼89,179	-2.79%	$978.98Mn
8	NORGES BANK	0001374170	3,040,628	1.35%	▲3,040,628	0.00%	$956.55Mn
9	Pentwater Capital Management LP	0001425851	2,775,000	1.24%	▼445,000	-13.82%	$872.99Mn
10	Northern Trust Corp	0000073124	2,614,406	1.16%	▼23,262	-0.88%	$822.47Mn
11	Morgan Stanley	0000895421	2,611,985	1.16%	▼15,435	-0.59%	$821.71Mn
12	D. E. Shaw & Co., Inc.	0001009207	2,601,202	1.16%	▲337,722	+14.92%	$818.31Mn
13	DODGE & COX	0000200217	2,508,128	1.12%	▼3,749,622	-59.92%	$789.03Mn
14	DIMENSIONAL FUND ADVISORS LP	0000354204	2,259,711	1.01%	▲153	+0.01%	$710.94Mn
15	Capital World Investors	0001422849	2,011,919	0.90%	▲5,247	+0.26%	$632.93Mn
16	PRICE T ROWE ASSOCIATES INC /MD/	0000080255	1,925,031	0.86%	▼204,770	-9.61%	$605.60K
17	Goldman Sachs Group Inc	0000886982	1,888,947	0.84%	▲263,202	+16.19%	$594.24Mn
18	HBK INVESTMENTS L P	0001011443	1,750,000	0.78%	▲13,644	+0.79%	$550.53Mn
19	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	0001164508	1,732,049	0.77%	▲105,361	+6.48%	$544.89Mn
20	LONDON CO OF VIRGINIA	0001259887	1,652,991	0.74%	▼47,306	-2.78%	$520.02Mn

Showing 1 to 20 of 1,861 holders