$NSC

$333.99 +$4.00 (1.21%) Close

$NSC Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 224.6M shares outstanding

Who owns NSC?

By type of holder

Institutions 75.9% Insiders 0.0% Everyone else 24.0%

Concentration Top 10 holders own 31.1%

BlackRock, Inc. 7.1% · Vanguard Capital Management LLC 6.5%

Institutional ownership

75.9%

+1.1 pts vs last qtr

Institutional holders

1,863

+21 vs last qtr

Net shares bought

+2.5M

by institutions in Q2 2026

New / sold out

137 / 116

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Vanguard Portfolio Management LLC +3.2M
Norges Bank NEW +3.0M

Biggest sellers in Q2 2026

Dodge & Cox −3.7M
Citadel Advisors LLC −1.0M

Who is planning to sell?

Notices of proposed sale, last 12 months

$253K

1 notice from 1 person

Shares covered

900

0.00% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Anil Bhatt Officer $253K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−23.9%

−2.99% a year

Each share's claim on the business

+31.4%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$15.8B vs —

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years77% 3–5 years2% 1–3 years7% Under 1 year15%

Quarterly turnover

9.4%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting NSC on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	16.0M	7.12%	+724.2K (+4.7%)	≤2021	0.1%
Shares held by quarter Peak holding16.0M (Q2'26) Change over 8 quarters+1.4M Share of the company7.120% BlackRock, Inc.'s full portfolio →
VC Vanguard Capital Management LLC	14.7M	6.53%	+79.5K (+0.5%)	≤2021	0.1%
Shares held by quarter Peak holding14.7M (Q2'26) Change over 8 quarters+14.7M Share of the company6.530% Vanguard Capital Management LLC's full portfolio →

BlackRock, Inc.

16.0M

% of company

7.12%

Change vs last qtr

+724.2K (+4.7%)

Held since

≤2021

Vanguard Capital Management LLC

14.7M

% of company

6.53%

Change vs last qtr

+79.5K (+0.5%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Norfolk Southern Corp, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting NSC on Form N-PORT; together they hold 26.2% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$2.24B	7.1M	3.17%	0.10%	June 30, 2026
V5 Vanguard 500 Index Fund Vanguard Index Funds	$1.83B	5.8M	2.59%	0.11%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$2.24B

% of company

3.17%

% of the fund

0.10%

As of

June 30, 2026

Vanguard 500 Index Fund

Vanguard Index Funds

Position value

$1.83B

% of company

2.59%

% of the fund

0.11%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Norfolk Southern Corp and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
GM George Mark R Insider	22.8K	0.01%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.010% George Mark R's insider activity →
FS Fahmy Sameh Insider	12.0K	0.01%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.010% Fahmy Sameh's insider activity →

George Mark R

Insider

22.8K

% of company

0.01%

Change vs last qtr

—

Held since

—

Fahmy Sameh

Insider

12.0K

% of company

0.01%

Change vs last qtr

—

Held since

—

10 more holders behind a free account

See every insider and 5%+ holder of Norfolk Southern Corp.

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