NSC
Norfolk Southern Corporation · Industrials · Railroads
Momentum inputs (comparable managers):
holder breadth -1.8% ·
share flow -3.9% ·
net new positions -1.2%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2026
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 164 | -3 | 125.20M | $39.35B | +3 | −5 |
| Q1 2026 | 169 | 0 | 127.59M | $36.59B | +4 | −5 |
| Q4 2025 | 168 | +1 | 141.04M | $40.67B | +2 | — |
| Q3 2025 | 25 | 0 | 94.93M | $28.51B | +1 | −2 |
| Q2 2025 | 23 | +2 | 84.92M | $21.73B | +2 | — |
| Q1 2025 | 18 | -2 | 44.46M | $10.52B | — | −2 |
| Q4 2024 | 20 | 0 | 40.95M | $9.61B | — | — |
| Q3 2024 | 19 | 0 | 31.01M | $7.70B | +1 | −1 |
| Q2 2024 | 19 | — | 28.82M | $6.18B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 2 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 3 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 4 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 5 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 15 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 16 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 18 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 19 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 20 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 21 | BlackRock ✦ (passive) | 16.00M | +4.7% | $5.03B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 22 | Vanguard Capital Management Llc | 14.67M | +0.5% | $4.61B | 0.1% | ▲ Add | 2 | SEC ↗ |
| 23 | State Street Global Advisors ✦ (passive) | 10.24M | +4.2% | $3.22B | 0.1% | ▲ Add | 7 | SEC ↗ |
| 24 | Millennium Management ✦ | 5.20M | +13.5% | $1.64B | 1.1% | ▲ Add | 9 | SEC ↗ |
| 25 | Geode Capital Management ✦ (passive) | 5.11M | +0.8% | $1.60B | 0.1% | ▲ Add | 9 | SEC ↗ |
| 26 | Geode Capital Management ✦ (passive) | 5.11M | +0.8% | $1.60B | 0.1% | ▲ Add | 9 | SEC ↗ |
| 27 | Bank Of America Corp /De/ | 3.11M | -2.8% | $978.98M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 28 | Bank Of America Corp /De/ | 3.11M | -2.8% | $978.98M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 29 | Bank Of America Corp /De/ | 3.11M | -2.8% | $978.98M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 30 | Bank Of America Corp /De/ | 3.11M | -2.8% | $978.98M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 31 | Bank Of America Corp /De/ | 3.11M | -2.8% | $978.98M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 32 | Bank Of America Corp /De/ | 3.11M | -2.8% | $978.98M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 33 | Norges Bank ✦ (passive) | 3.04M | New | $956.55M | 0.1% | New | 1 | SEC ↗ |
| 34 | Northern Trust Corp | 2.61M | -0.9% | $822.47M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 35 | Northern Trust Corp | 2.61M | -0.9% | $822.47M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 36 | Northern Trust Corp | 2.61M | -0.9% | $822.47M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 37 | Northern Trust Corp | 2.61M | -0.9% | $822.47M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 38 | Northern Trust Corp | 2.61M | -0.9% | $822.47M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 39 | Northern Trust Corp | 2.61M | -0.9% | $822.47M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 40 | Northern Trust Corp | 2.61M | -0.9% | $822.47M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 41 | Northern Trust Corp | 2.61M | -0.9% | $822.47M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 42 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 43 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 44 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 45 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 46 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 47 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 48 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 49 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 50 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 51 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 52 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 53 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 54 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 55 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 56 | Morgan Stanley ✦ | 2.61M | -0.6% | $821.71M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 57 | D. E. Shaw & Co. ✦ | 2.60M | +14.9% | $818.31M | 0.5% | ▲ Add | 5 | SEC ↗ |
| 58 | D. E. Shaw & Co. ✦ | 2.60M | +14.9% | $818.31M | 0.5% | ▲ Add | 5 | SEC ↗ |
| 59 | Dodge & Cox ✦ | 2.51M | -59.9% | $789.03M | 0.4% | ▼ Trim | 9 | SEC ↗ |
| 60 | Dimensional Fund Advisors Lp | 2.26M | 0.0% | $710.94M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 61 | Dimensional Fund Advisors Lp | 2.26M | 0.0% | $710.94M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 62 | Dimensional Fund Advisors Lp | 2.26M | 0.0% | $710.94M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 63 | Dimensional Fund Advisors Lp | 2.26M | 0.0% | $710.94M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 64 | Dimensional Fund Advisors Lp | 2.26M | 0.0% | $710.94M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 65 | Capital World Investors ✦ | 2.01M | +0.3% | $632.93M | 0.1% | ▲ Add | 9 | SEC ↗ |
| 66 | T. Rowe Price ✦ | 1.93M | -9.6% | $605.60M | 0.1% | ▼ Trim | 9 | SEC ↗ |
| 67 | T. Rowe Price ✦ | 1.93M | -9.6% | $605.60M | 0.1% | ▼ Trim | 9 | SEC ↗ |
| 68 | Goldman Sachs Group ✦ | 1.89M | +16.2% | $594.24M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 69 | Goldman Sachs Group ✦ | 1.89M | +16.2% | $594.24M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 70 | Goldman Sachs Group ✦ | 1.89M | +16.2% | $594.24M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 71 | Goldman Sachs Group ✦ | 1.89M | +16.2% | $594.24M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 72 | Goldman Sachs Group ✦ | 1.89M | +16.2% | $594.24M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 73 | Arrowstreet Capital ✦ | 1.73M | +6.5% | $544.89M | 0.2% | ▲ Add | 9 | SEC ↗ |
| 74 | Legal & General Group Plc | 1.60M | -6.5% | $503.09M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 75 | Legal & General Group Plc | 1.60M | -6.5% | $503.09M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 76 | Legal & General Group Plc | 1.60M | -6.5% | $503.09M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 77 | Citadel Advisors ✦ | 1.59M | -39.5% | $498.77M | 0.3% | ▼ Trim | 9 | SEC ↗ |
| 78 | Citadel Advisors ✦ | 1.59M | -39.5% | $498.77M | 0.3% | ▼ Trim | 9 | SEC ↗ |
| 79 | Amundi | 1.54M | -30.8% | $484.66M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 80 | Amundi | 1.54M | -30.8% | $484.66M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 81 | Amundi | 1.54M | -30.8% | $484.66M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 82 | Amundi | 1.54M | -30.8% | $484.66M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 83 | Amundi | 1.54M | -30.8% | $484.66M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 84 | Amundi | 1.54M | -30.8% | $484.66M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 85 | Amundi | 1.54M | -30.8% | $484.66M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 86 | American Century Companies Inc | 1.53M | -24.8% | $480.14M | 0.2% | ▼ Trim | 3 | SEC ↗ |
| 87 | Charles Schwab Investment… | 1.48M | +0.3% | $466.67M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 88 | Charles Schwab Investment… | 1.48M | +0.3% | $466.67M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 89 | MIRAE ASSET GLOBAL ETFS HOLDINGS… | 1.43M | +8.7% | $449.10M | 0.5% | ▲ Add | 3 | SEC ↗ |
| 90 | MIRAE ASSET GLOBAL ETFS HOLDINGS… | 1.43M | +8.7% | $449.10M | 0.5% | ▲ Add | 3 | SEC ↗ |
| 91 | MIRAE ASSET GLOBAL ETFS HOLDINGS… | 1.43M | +8.7% | $449.10M | 0.5% | ▲ Add | 3 | SEC ↗ |
| 92 | Fidelity (FMR) ✦ | 1.39M | -23.7% | $437.08M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 93 | Fidelity (FMR) ✦ | 1.39M | -23.7% | $437.08M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 94 | Fidelity (FMR) ✦ | 1.39M | -23.7% | $437.08M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 95 | Fidelity (FMR) ✦ | 1.39M | -23.7% | $437.08M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 96 | JPMorgan Chase ✦ | 1.35M | -17.0% | $427.56M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 97 | JPMorgan Chase ✦ | 1.35M | -17.0% | $427.56M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 98 | JPMorgan Chase ✦ | 1.35M | -17.0% | $427.56M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 99 | JPMorgan Chase ✦ | 1.35M | -17.0% | $427.56M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 100 | JPMorgan Chase ✦ | 1.35M | -17.0% | $427.56M | 0.0% | ▼ Trim | 4 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Norges Bank | $956.55M | 0.1% |
Exited
| Hrt Financial Lp | $41.13M | was 0.1% |
| Point72 Asset Management | $2.37M | was 0.0% |
| Capstone Investment Advisors… | $926,436 | was 0.0% |
| Simplex Trading, Llc | $76,342 | was 0.0% |
| Group One Trading Llc | $20,377 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1,815 holders, 166.34M shares, $46.19B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.