| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| VANGUARD GROUP INC | 9.3% | $6,012,388,143 | 20,824,287 | The Vanguard Group | 31 Dec 2025 |
As of 31 Dec 2025, 1,793 institutional investors reported holding 172,191,003 shares of NORFOLK SOUTHERN CORP - Common Stock (NSC). This represents 77% of the company’s total 224,399,644 outstanding shares.
The largest institutional shareholders of NORFOLK SOUTHERN CORP - Common Stock (NSC) together control 48% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | 9.3% | 20,825,837 | +1.3% | 0.09% | $6,012,835,660 |
| BlackRock, Inc. | 6.6% | 14,905,794 | -0.31% | 0.07% | $4,303,600,843 |
| STATE STREET CORP | 4.3% | 9,710,549 | +4.1% | 0.09% | $2,803,629,707 |
| Dodge & Cox | 4.3% | 9,623,885 | -11% | 1.5% | $2,778,608,077 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.2% | 4,878,029 | +0.75% | 0.09% | $1,401,796,779 |
| MILLENNIUM MANAGEMENT LLC | 1.8% | 4,150,431 | +57% | 0.86% | $1,198,312,438 |
| NORGES BANK | 1.7% | 3,756,930 | 0.12% | $1,084,700,830 | |
| BANK OF AMERICA CORP /DE/ | 1.4% | 3,228,718 | -1.8% | 0.07% | $932,195,578 |
| Pentwater Capital Management LP | 1.3% | 3,019,000 | +9.8% | 6.3% | $871,645,680 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 1.2% | 2,778,515 | -28% | 0.09% | $802,214,000 |
| NORTHERN TRUST CORP | 1.2% | 2,692,363 | -1.9% | 0.1% | $777,339,046 |
| MORGAN STANLEY | 1.2% | 2,629,989 | +6% | 0.05% | $759,330,956 |
| JPMORGAN CHASE & CO | 1.1% | 2,558,536 | -47% | 0.05% | $738,700,827 |
| CITADEL ADVISORS LLC | 1.1% | 2,538,641 | +29% | 0.5% | $732,956,430 |
| D. E. Shaw & Co., Inc. | 1% | 2,278,400 | +403% | 0.5% | $657,819,648 |
| DIMENSIONAL FUND ADVISORS LP | 0.99% | 2,213,431 | +1.6% | 0.13% | $639,081,773 |
| HBK INVESTMENTS L P | 0.95% | 2,130,000 | +68% | 6.7% | $614,973,600 |
| AMERICAN CENTURY COMPANIES INC | 0.9% | 2,028,929 | -5.8% | 0.29% | $585,793,100 |
| LONDON CO OF VIRGINIA | 0.81% | 1,810,853 | +0.32% | 3% | $522,838,063 |
| FMR LLC | 0.8% | 1,799,834 | -44% | 0.03% | $519,648,229 |
| Amundi | 0.8% | 1,792,811 | +75% | 0.16% | $517,620,392 |
| Capital World Investors | 0.78% | 1,747,507 | +6.7% | 0.07% | $504,540,328 |
| Legal & General Group Plc | 0.77% | 1,734,884 | -0.53% | 0.11% | $500,895,706 |
| Balyasny Asset Management L.P. | 0.74% | 1,670,260 | +52% | 0.9% | $482,237,467 |
| GOLDMAN SACHS GROUP INC | 0.73% | 1,642,150 | -20% | 0.07% | $474,121,649 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 172,191,003 | $49,656,983,499 | +$844,928,607 | $288.72 | 1,793 |
| 2025 Q3 | 169,098,936 | $50,778,693,132 | -$1,829,232,537 | $300.41 | 1,783 |
| 2025 Q2 | 176,179,079 | $45,095,760,220 | +$1,167,771,344 | $255.97 | 1,675 |
| 2025 Q1 | 171,871,382 | $40,677,722,000 | -$574,021,008 | $236.85 | 1,638 |
| 2024 Q4 | 174,233,722 | $40,900,664,693 | +$700,272,849 | $234.70 | 1,669 |
| 2024 Q3 | 170,577,619 | $42,374,315,749 | -$114,481,463 | $248.50 | 1,594 |
| 2024 Q2 | 170,982,192 | $36,709,341,489 | +$187,466,313 | $214.69 | 1,550 |
| 2024 Q1 | 169,233,314 | $43,074,055,942 | -$116,752,489 | $254.87 | 1,613 |
| 2023 Q4 | 169,658,307 | $40,092,120,076 | +$373,194,477 | $236.38 | 1,576 |
| 2023 Q3 | 168,121,788 | $33,113,379,023 | +$70,735,888 | $196.93 | 1,436 |
| 2023 Q2 | 167,366,532 | $37,935,210,631 | +$188,311,661 | $226.76 | 1,518 |
| 2023 Q1 | 166,768,122 | $35,349,154,522 | -$340,472,809 | $212.00 | 1,485 |
| 2022 Q4 | 169,660,099 | $41,803,410,694 | -$411,467,431 | $246.42 | 1,574 |
| 2022 Q3 | 171,822,262 | $36,052,657,640 | -$544,207,065 | $209.65 | 1,482 |
| 2022 Q2 | 173,994,511 | $39,551,663,927 | -$357,488,724 | $227.29 | 1,523 |
| 2022 Q1 | 176,259,964 | $50,238,549,492 | -$327,425,734 | $285.22 | 1,631 |
| 2021 Q4 | 177,158,225 | $52,709,031,735 | -$368,483,827 | $297.71 | 1,627 |
| 2021 Q3 | 177,718,221 | $42,540,354,760 | -$995,457,972 | $239.25 | 1,474 |
| 2021 Q2 | 181,368,232 | $48,118,141,818 | -$1,033,769,584 | $265.41 | 1,531 |
| 2021 Q1 | 184,953,415 | $49,635,217,785 | -$510,323,943 | $268.52 | 1,503 |
| 2020 Q4 | 187,084,921 | $44,449,364,038 | -$159,819,645 | $237.61 | 1,447 |
| 2020 Q3 | 187,810,711 | $40,213,331,201 | -$9,320,722 | $213.99 | 1,352 |
| 2020 Q2 | 187,906,208 | $33,007,075,326 | -$69,982,995 | $175.57 | 1,285 |
| 2020 Q1 | 189,396,634 | $27,658,013,585 | -$229,128,257 | $146.00 | 1,246 |
| 2019 Q4 | 189,849,812 | $36,857,937,518 | +$202,874,659 | $194.13 | 1,346 |
| 2019 Q3 | 189,253,999 | $34,005,093,790 | -$680,339,879 | $179.66 | 1,287 |
| 2019 Q2 | 192,907,608 | $38,369,797,753 | -$161,468,366 | $199.33 | 1,328 |
| 2019 Q1 | 195,131,428 | $36,470,392,426 | -$421,772,914 | $186.89 | 1,302 |
| 2018 Q4 | 199,020,235 | $29,754,075,580 | -$761,849,146 | $149.54 | 1,250 |
| 2018 Q3 | 202,522,586 | $36,548,408,264 | -$510,617,416 | $180.50 | 1,244 |
| 2018 Q2 | 205,996,454 | $31,074,734,704 | -$427,623,989 | $150.87 | 1,194 |
| 2018 Q1 | 208,311,520 | $28,282,249,246 | +$270,231,955 | $135.78 | 1,164 |
| 2017 Q4 | 206,233,902 | $29,879,573,685 | -$630,665,777 | $144.90 | 1,147 |
| 2017 Q3 | 209,529,360 | $27,710,018,785 | +$581,499,558 | $132.24 | 1,063 |
| 2017 Q2 | 206,176,083 | $25,084,211,774 | -$29,825,350 | $121.70 | 1,047 |
| 2017 Q1 | 206,177,815 | $23,088,978,484 | +$2,211,376,533 | $111.97 | 1,027 |
| 2016 Q4 | 203,909,511 | $22,036,240,757 | -$76,145,978 | $108.07 | 1,017 |
| 2016 Q3 | 204,172,793 | $19,803,096,971 | +$209,329,152 | $97.06 | 949 |
| 2016 Q2 | 202,588,933 | $17,247,016,595 | -$22,157,067 | $85.13 | 945 |
| 2016 Q1 | 202,661,849 | $16,869,237,381 | -$191,195,561 | $83.25 | 920 |
| 2015 Q4 | 205,650,149 | $17,392,795,992 | -$38,295,890 | $84.59 | 931 |
| 2015 Q3 | 201,691,734 | $15,408,366,319 | +$30,432,429 | $76.40 | 900 |
| 2015 Q2 | 204,097,694 | $17,830,020,174 | -$417,177,138 | $87.36 | 951 |
| 2015 Q1 | 210,949,325 | $21,711,955,079 | +$179,378,700 | $102.92 | 992 |
| 2014 Q4 | 209,082,528 | $22,912,003,822 | +$415,309,438 | $109.61 | 1,043 |
| 2014 Q3 | 201,895,473 | $22,530,445,272 | +$318,074,588 | $111.60 | 1,005 |
| 2014 Q2 | 199,042,874 | $20,511,655,344 | -$164,747,385 | $103.03 | 1,003 |
| 2014 Q1 | 200,537,004 | $19,482,922,896 | +$209,647,616 | $97.17 | 969 |