Who owns NSC?
Institutional ownership of Norfolk Southern Corporation from Form 13F, Q2 2026
1,861 institutional managers reported holding Norfolk Southern Corporation (NSC) in Form 13F filings for Q2 2026, with 170,830,622 shares worth $53.7B. The largest reported holder was BlackRock, Inc. Managers that filed both quarters added a net 2,847,976 shares (+1.7%). 115 opened new positions and 82 sold out.
- Funds holding
- 1,861
- Value held
- $53.7B
- New / sold out
- 115 / 82
- Net shares, same filers
- +1.7%
Holdings as of June 30, 2026, the end of Q2 2026. Managers have 45 days after a quarter ends to file Form 13F (by August 14, 2026 for Q2 2026), so positions may have changed since.
Largest holders of NSC
| Fund | Value | Share of 13F holdings | Shares | Move |
|---|---|---|---|---|
| BlackRock, Inc. | $5.0B | 9.4% | 16,000,346 | Added |
| Vanguard Capital Management LLC | $4.6B | 8.6% | 14,666,136 | Added |
| State Street Corp | $3.2B | 6.0% | 10,242,817 | Added |
| Vanguard Portfolio Management LLC | $2.3B | 4.2% | 7,215,898 | Added |
| Millennium Management LLC | $1.6B | 3.0% | 5,201,728 | Added |
| Geode Capital Management, LLC | $1.6B | 3.0% | 5,114,278 | Added |
| Bank of America Corp | $979M | 1.8% | 3,111,914 | Trimmed |
| Norges Bank | $957M | 1.8% | 3,040,628 | New |
| Pentwater Capital Management LP | $873M | 1.6% | 2,775,000 | Trimmed |
| Northern Trust Corp | $822M | 1.5% | 2,614,406 | Trimmed |
| Morgan Stanley | $822M | 1.5% | 2,611,985 | Trimmed |
| D. E. Shaw & Co., Inc. | $818M | 1.5% | 2,601,202 | Added |
| Dodge & Cox | $789M | 1.5% | 2,508,128 | Trimmed |
| Dimensional Fund Advisors LP | $711M | 1.3% | 2,259,711 | Unchanged |
| Capital World Investors | $633M | 1.2% | 2,011,919 | Added |
| Price T Rowe Associates Inc | $606M | 1.1% | 1,925,031 | Trimmed |
| Goldman Sachs Group Inc | $594M | 1.1% | 1,888,947 | Added |
| HBK Investments L P | $551M | 1.0% | 1,750,000 | Added |
| Arrowstreet Capital, Limited Partnership | $545M | 1.0% | 1,732,049 | Added |
| London Co of Virginia | $520M | 1.0% | 1,652,991 | Trimmed |
| Legal & General Group Plc | $503M | 0.9% | 1,599,203 | Trimmed |
| Citadel Advisors LLC | $499M | 0.9% | 1,585,467 | Trimmed |
| Amundi | $485M | 0.9% | 1,540,605 | Trimmed |
| American Century Companies Inc | $480M | 0.9% | 1,526,249 | Trimmed |
| Charles Schwab Investment Management Inc | $467M | 0.9% | 1,483,414 | Added |
Share of 13F holdings is each fund's shares as a share of the 170,830,622 NSC shares all 13F filers reported, not of shares outstanding.
Biggest buyers in Q2 2026
- Vanguard Portfolio Management LLC Added+$1.0B
- Norges Bank New+$957M
- BlackRock, Inc. Added+$228M
- Caxton Associates LLP Added+$222M
- Millennium Management LLC Added+$194M
- Third Point LLC Added+$157M
- Symmetry Investments LP Added+$156M
- Deutsche Bank Ag\ Added+$135M
- State Street Corp Added+$129M
- D. E. Shaw & Co., Inc. Added+$106M
Biggest sellers in Q2 2026
- Dodge & Cox Trimmed-$1.2B
- Citadel Advisors LLC Trimmed-$326M
- DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Trimmed-$245M
- UBS Group AG Trimmed-$243M
- Amundi Trimmed-$216M
- American Century Companies Inc Trimmed-$158M
- Pentwater Capital Management LP Trimmed-$140M
- FMR LLC Trimmed-$136M
- Invesco Ltd. Trimmed-$132M
- Eurizon Capital SGR S.p.A. Trimmed-$121M
The change in shares since the quarter before, adjusted for stock splits and priced at the Q2 2026 value per share. Funds bought $5.3B and sold $4.4B; 570 added and 610 trimmed.
Questions about NSC ownership
- Who owns NSC stock?
- 1,861 institutional investment managers reported NSC positions in their Form 13F filings for Q2 2026, holding 170,830,622 shares worth $53.7B in total. BlackRock, Inc. reported the largest position.
- Are funds buying or selling NSC?
- In Q2 2026, 115 managers opened new NSC positions, 570 added, 610 trimmed and 82 sold out. Managers that filed in both quarters added a net 2,847,976 shares.
- How current is this NSC institutional ownership data?
- It covers holdings as of the end of Q2 2026. Managers have 45 days after the quarter ends to file Form 13F (by August 14, 2026 for Q2 2026), so positions may have changed since.
From the SEC's Form 13F data sets for Q2 2026: every 13F holdings report, matched to NSC by CUSIP. Options are left out. NSC news and filings · NSC insider trades · Top funds