NSC

Norfolk Southern
D

NSC

Arincen60/100B

Who owns Norfolk Southern?

Institutions own 76.5% of Norfolk Southern's shares, through 1,911 funds, banks and other managers that report their holdings to the SEC; individual investors and others hold the rest. The largest on 30 June 2026 were BlackRock, Inc. (7.1%), Vanguard Capital Management LLC (6.5%), State Street Corp (4.6%).

Institutions own
76.5%
Institutional holders
1,911
The 10 largest hold
31.1%
Free float
99.8%
Holdings as of
30 Jun 2026

Who owns the shares

10 largest holders 31.1% Other institutions 45.4% Individuals and others 23.5%

Shares free to trade

Free float 224.25M shares ·99.8% Closely held 363.88K shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

The largest shareholders

#HolderSharesOf the companyValueChange last quarter (shares)
1BlackRock, Inc.16,000,3467.11%5.03B USD+724,235
2Vanguard Capital Management LLC14,666,1366.52%4.61B USD+79,477
3State Street Corp10,242,8174.55%3.22B USD+408,771
4Vanguard Portfolio Management LLC7,215,8983.21%2.27B USD+3,190,005
5Millennium Management LLC5,201,7282.31%1.64B USD+617,642
6Geode Capital Management, LLC5,114,2782.27%1.60B USD+38,090
7Bank Of America Corp3,111,9141.38%978.98M USD-89,179
8Norges Bank3,040,6281.35%956.55M USDNew position
9Pentwater Capital Management LP2,775,0001.23%872.99M USD-445,000
10Northern Trust Corp2,614,4061.16%822.47M USD-23,262

All institutions last quarter

Bought or added
887 · 140 new
Sold or cut
754 · 108 sold out
Net shares bought
+4.06M · 1.28B USD
Institutional ownership
74.7% → 76.5%

Biggest buyers last quarter

  • Vanguard Portfolio Management LLC+3,190,005
  • Norges BankNew position
  • Sixth Street Partners Management Company, L.P.New position
  • BlackRock, Inc.+724,235
  • Caxton Associates LLP+705,249

Biggest sellers last quarter

  • Dodge & Cox-3,749,622
  • Citadel Advisors LLC-1,034,915
  • UBS Group AG-773,416
  • Amundi-686,280
  • American Century Companies Inc-502,687

From the holders' 13F filings with the SEC for the quarter to 30 Jun 2026, filed up to 45 days after it; the buyers and sellers are among the 100 largest holders.

Common questions about Norfolk Southern's shareholders

Source: Financial Modeling Prep