Norfolk Southern Corporation (NSC) Ownership
NSC ownership summary
as of October 18, 2026- Institutions
- 77.6% of shares outstanding
- Insiders
- 0.04% of shares outstanding
- Shares outstanding
- 224.6M
- Float
- 224.2M shares available to trade
- Short interest
- 3.19% 7.2M shares short
- Days to cover
- 6.60 short interest up 24.7% vs prior month
- Institutions 77.60%
- Insiders 0.04%
- Other investors 22.35%
NSC top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 7.12% | 16.0M | $5.23B | +724,235 (+4.7%) | June 30, 2026 |
| 2 | Vanguard Capital Management, LLC | 6.53% | 14.7M | $4.79B | +79,477 (+0.5%) | June 30, 2026 |
| 3 | State Street Corp | 4.56% | 10.2M | $3.35B | +408,771 (+4.2%) | June 30, 2026 |
| 4 | Vanguard Portfolio Management, LLC | 3.21% | 7.2M | $2.36B | +3.2M (+79.2%) | June 30, 2026 |
| 5 | Millennium Management LLC | 2.32% | 5.2M | $1.70B | +617,642 (+13.5%) | June 30, 2026 |
| 6 | Geode Capital Management, LLC | 2.28% | 5.1M | $1.67B | +38,090 (+0.8%) | June 30, 2026 |
| 7 | Bank of America Corp | 1.39% | 3.1M | $1.02B | −89,179 (−2.8%) | June 30, 2026 |
| 8 | NORGES BANK | 1.35% | 3.0M | $994.0M | −716,302 (−19.1%) | June 30, 2026 |
| 9 | Pentwater Capital Management LP | 1.24% | 2.8M | $907.2M | −445,000 (−13.8%) | June 30, 2026 |
| 10 | Northern Trust Corp | 1.16% | 2.6M | $854.7M | −23,262 (−0.9%) | June 30, 2026 |
| 11 | Morgan Stanley - Brokerage Accounts | 1.16% | 2.6M | $853.9M | −15,435 (−0.6%) | June 30, 2026 |
| 12 | D. E. Shaw & Co LP | 1.16% | 2.6M | $850.4M | +337,722 (+14.9%) | June 30, 2026 |
| 13 | Dodge & Cox | 1.12% | 2.5M | $820.0M | −3.7M (−59.9%) | June 30, 2026 |
| 14 | Dimensional Fund Advisors, Inc. | 1.01% | 2.3M | $738.7M | +153 (+0.0%) | June 30, 2026 |
| 15 | Capital World Investors | 0.90% | 2.0M | $657.7M | +5,247 (+0.3%) | June 30, 2026 |
| 16 | T. Rowe Price Associates, Inc. | 0.86% | 1.9M | $629.3M | −204,770 (−9.6%) | June 30, 2026 |
| 17 | The Goldman Sachs Group Inc | 0.84% | 1.9M | $617.5M | +263,202 (+16.2%) | June 30, 2026 |
| 18 | HBK INVESTMENTS L P | 0.78% | 1.8M | $572.1M | +13,644 (+0.8%) | June 30, 2026 |
| 19 | Arrowstreet Capital Limited Partnership | 0.77% | 1.7M | $566.2M | +105,361 (+6.5%) | June 30, 2026 |
| 20 | London Company of Virginia | 0.74% | 1.7M | $540.4M | −47,306 (−2.8%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 12 holders added 5.8M shares and 8 cut 5.3M.
NSC top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Vanguard MStar Total Stk Mkt Idx Invest | 3.18% | 7.1M | $2.33B | −12,672 (−0.2%) | August 31, 2026 |
| 2 | Vanguard 500 Index Investor | 2.63% | 5.9M | $1.93B | −68,920 (−1.2%) | September 30, 2026 |
| 3 | iShares Core S&P 500 ETF | 1.33% | 3.0M | $978.4M | −4,810 (−0.2%) | September 30, 2026 |
| 4 | Fidelity 500 Index | 1.30% | 2.9M | $953.1M | +11,199 (+0.4%) | August 31, 2026 |
| 5 | State Street® SPDR® S&P 500® ETF | 1.23% | 2.8M | $901.3M | — | September 30, 2026 |
| 6 | Vanguard MStar Mid Cap Index Instl | 1.07% | 2.4M | $786.2M | −24,234 (−1.0%) | September 30, 2026 |
| 7 | Vanguard MStar Value Index Investor | 0.95% | 2.1M | $699.5M | −8,093 (−0.4%) | September 30, 2026 |
| 8 | Dodge & Cox Stock I | 0.81% | 1.8M | $595.4M | −2.3M (−55.8%) | June 30, 2026 |
| 9 | State Street® IndstrlSelSectSPDR®ETF | 0.56% | 1.3M | $412.2M | −1,412 (−0.1%) | September 30, 2026 |
| 10 | Global X US Infrastructure Dev ETF | 0.56% | 1.3M | $412.0M | +8,820 (+0.7%) | September 30, 2026 |
| 11 | Vanguard Institutional Index I | 0.53% | 1.2M | $388.4M | −12,533 (−1.0%) | September 30, 2026 |
| 12 | American Funds American Balanced A | 0.51% | 1.1M | $373.7M | — | September 30, 2026 |
| 13 | Vanguard High Dividend Yield ETF | 0.41% | 915K | $299.1M | +2,494 (+0.3%) | September 30, 2026 |
| 14 | Vanguard PRIMECAP Inv | 0.38% | 842K | $275.4M | — | June 30, 2026 |
| 15 | American Funds Income Fd of Amer A | 0.36% | 818K | $267.4M | — | September 30, 2026 |
| 16 | BlackRock Event Driven Equity Instl | 0.36% | 809K | $264.6M | — | August 31, 2026 |
| 17 | Vanguard MStar Mid Cap Value ETF | 0.31% | 701K | $229.2M | −25,847 (−3.6%) | September 30, 2026 |
| 18 | DFA US Large Cap Value I | 0.28% | 623K | $203.7M | −1,331 (−0.2%) | April 30, 2026 |
| 19 | Invesco S&P 500® Equal Weight ETF | 0.27% | 605K | $197.8M | −1,235 (−0.2%) | September 30, 2026 |
| 20 | State Street® SPDR® Port S&P 500® ETF | 0.26% | 591K | $193.2M | −390 (−0.1%) | September 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
NSC insider transactions
latest 7| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-01-29 | Ro Khanna | Sell | $290.43 | — | — |
| 2025-12-18 | Julie Johnson | Sell | $291.62 | — | — |
| 2025-12-05 | William Jr. Clyburn | Buy | $294.79 | 204 | $60,137 |
| 2025-11-19 | Anil Bhatt | Sell | $281.60 | 900 | $253,440 |
| 2025-11-13 | Julie Johnson | Sell | $283.71 | — | — |
| 2025-11-05 | Sameh Fahmy | Buy | $282.97 | 1,650 | $466,901 |
| 2025-10-27 | Richard H Anderson | Buy | $281.86 | 2,600 | $732,836 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
NSC shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns NSC
Institutional investors own 77.6% of Norfolk Southern's shares and insiders 0.04%. The largest holder is BlackRock Inc with 7.12% of the shares (16.0M), as of June 30, 2026. Among the top 20 institutions, 12 added shares and 8 reduced their stake in the latest filings. Short interest is 3.19% of the float, or 6.60 days of average trading volume. The share count fell 27.9% since 2014.
Related: NSC analyst forecast, NSC key metrics, NSC dividend history. See the NSC stock overview for the latest quote and news.
NSC ownership FAQ
Who owns the most Norfolk Southern stock?
The largest shareholders of Norfolk Southern are BlackRock Inc (7.12%), Vanguard Capital Management, LLC (6.53%), State Street Corp (4.56%), Vanguard Portfolio Management, LLC (3.21%), Millennium Management LLC (2.32%).
What percentage of Norfolk Southern is owned by institutions?
Institutions hold 77.6% of Norfolk Southern's shares outstanding; insiders hold 0.04%.
Which funds own Norfolk Southern?
The largest fund holders of Norfolk Southern are Vanguard MStar Total Stk Mkt Idx Invest (3.18%), Vanguard 500 Index Investor (2.63%), iShares Core S&P 500 ETF (1.33%), Fidelity 500 Index (1.30%), State Street® SPDR® S&P 500® ETF (1.23%).
What is Norfolk Southern's short interest?
7.2M shares of Norfolk Southern were sold short, 3.19% of the float; at the average daily volume it would take 6.60 days to cover.
Are insiders buying or selling Norfolk Southern?
Of the latest 7 reported insider transactions in Norfolk Southern (since October 27, 2025), 3 were purchases and 4 were sales.
How many shares of Norfolk Southern are outstanding?
Norfolk Southern has 224.6M shares outstanding, of which 224.2M are in the public float.