Norfolk Southern Corporation
Norfolk Southern Corporation (NSC) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · NSC · as of Sep 30, 2025
Ownership Breakdown
1,843
Institutional Holders
▲ 104 vs Q2
$50.79B
Total Inst. Value
▲ $5.67B vs Q2
224.59M
Shares Outstanding
freeFloat 99.83%
169.19M
13F Shares Held
▼ 8.47M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
NSC largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC railroads, line-haul operating | 20.55M | 9.13% | 9.13% | $6.17T | Nov 7, 2025 | ▼ 8.1K |
BLACKROCK, INC. railroads, line-haul operating | 14.95M | 6.65% | 6.65% | $4.49T | Nov 12, 2025 | ▲ 281.9K |
DODGE & COX railroads, line-haul operating | 10.87M | 4.83% | 4.83% | $3.27T | Nov 13, 2025 | ▲ 15.1K |
STATE STREET CORP railroads, line-haul operating | 9.33M | 4.15% | 4.15% | $2.80T | Nov 14, 2025 | ▼ 51.3K |
JPMORGAN CHASE & CO railroads, line-haul operating | 4.87M | 2.16% | 2.16% | $1.46T | Nov 26, 2025 | ▼ 813.9K |
GEODE CAPITAL MANAGEMENT, LLC railroads, line-haul operating | 4.84M | 2.15% | 2.15% | $1.45T | Nov 12, 2025 | ▲ 19.7K |
PRICE T ROWE ASSOCIATES INC /MD/ railroads, line-haul operating | 3.84M | 1.71% | 1.71% | $1.15T | Nov 14, 2025 | ▼ 7.10M |
BANK OF AMERICA CORP /DE/ railroads, line-haul operating | 3.29M | 1.46% | 1.46% | $987.75B | Feb 3, 2026 | ▲ 221.6K |
FMR LLC railroads, line-haul operating | 3.21M | 1.43% | 1.43% | $964.93B | Nov 13, 2025 | ▼ 738.1K |
PENTWATER CAPITAL MANAGEMENT LP railroads, line-haul operating | 2.75M | 1.22% | 1.22% | $826.13B | Nov 14, 2025 | NEW |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
27
Increased
+11.92M shares4
New Positions
first time holders18
Decreased
−11.42M shares0
Sold Out
fully exitedNet shares change (top 50)
+498.8K
+11.92M / −11.42M
Net new holders
+13
4 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
NSC insider trading · insider activity
Source: SEC Form 4
14
Buy transactions
2
Sell transactions
7.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Huffard John C Jr director | May 20, 2026 | Award | 22.481 | — | — | 5.3K | Form 4 ↗ |
Huffard John C Jr director | May 20, 2026 | Award | 12.735 | — | — | 3.0K | Form 4 ↗ |
Ryerkerk Lori director | May 20, 2026 | Award | 3.071 | — | — | 1.3K | Form 4 ↗ |
LAMPHERE GILBERT H director | May 20, 2026 | Award | 2.674 | — | — | 627.334 | Form 4 ↗ |
Jones Christopher T director | May 20, 2026 | Award | 22.481 | — | — | 5.3K | Form 4 ↗ |
Heitkamp Mary Kathryn director | May 20, 2026 | Award | 7.785 | — | — | 1.8K | Form 4 ↗ |
Fahmy Sameh director | May 20, 2026 | Award | 7.785 | — | — | 1.8K | Form 4 ↗ |
Donadio Marcela E director | May 20, 2026 | Award | 37.241 | — | — | 9.4K | Form 4 ↗ |
DeBiase Francesca A. director | May 20, 2026 | Award | 9.154 | — | — | 2.1K | Form 4 ↗ |
Davidson Phillip S director | May 20, 2026 | Award | 10.744 | — | — | 2.5K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Norfolk Southern Corporation (NSC) is primarily owned by institutional investors, who hold approximately 75.3% of total shares outstanding. Company insiders own approximately 0.17%, while retail and public investors account for the remaining 24.50%.
The largest institutional shareholder of Norfolk Southern Corporation is VANGUARD GROUP INC, holding approximately 20.55 million shares — equal to 9.13% of outstanding shares — as of September 30, 2025.
A total of 1,843 institutional investors currently hold NSC stock, with a combined institutional value of approximately $50.79 billion as of the most recent 13F filing period.
Frequently asked questions
NSC ownershipNorfolk Southern Corporation (NSC) is primarily owned by institutional investors, who hold approximately 75.3% of shares. The largest shareholder is VANGUARD GROUP INC with a 9.13% stake. Company insiders hold 0.17%. Data sourced from SEC Form 13F as of September 30, 2025.