Norfolk Southern Corporation· NSC

🇺🇸 US · LargeSP500NYSE

Industrials Railroads Website

Price: $314.16
Day: -1.51%
Mkt Cap: $70.56B
52W Range: $277.80 – $358.60
Volume: 1.88M
Beta: 1.27

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

Smart Money: 3.5 / 5 (Bullish), from 2 of 3 components
Institutions Q2 2026: 1,908 institutions hold; 747 added, 644 reduced

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Norfolk Southern Corporation

NSC|Industrials|Railroads

Current price: $314

Smart Money

Dimension 5 of 5

Insider selling pace · Q4 2025

0.6x

vs own 6-quarter average

Seller breadth · Q4 2025

1 seller

vs 0.5 avg per quarter

Institutional net breadth · Q2 2026

+135

888 adding vs 753 reducing

Institutional ownership · Q2 2026

76.5%

1,908 institutions

Insider Selling Pace

Each quarter's selling vs this stock's own trailing 6-quarter average

Light <0.5xRoutineElevated >1.5xHeavy >3xBuying

Institutional Positions

Institutions adding above the line, reducing below, net as a line

NewIncreasedReducedClosedNet

Largest Institutional Holders, Q2 2026

By reported market value, and how each moved in the quarter

Holder

Change

BLACKROCK, INC.

16.0M

+4.7%

VANGUARD CAPITAL MANAGEMENT LLC

14.7M

+0.5%

STATE STREET CORP

10.2M

+4.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

7.2M

+79.2%

MILLENNIUM MANAGEMENT LLC

5.2M

+13.5%

GEODE CAPITAL MANAGEMENT, LLC

5.1M

+0.8%

ETF & Fund Activity, Q2 2026

How the covering funds split between buying, holding and selling

106

262

114

106 buying262 unchanged114 selling

482 funds held NSC in Q2 2026, holding 74.2M shares between them, down 0.1% on the quarter.

Largest fund holders

SPDR SERIES TRUST901.9K sh

VANGUARD HORIZON FUNDS40.0K sh

Aristotle Funds Series Trust37.8K sh

Notable Insider Transactions, Q4 2025

Largest open-market purchases and sales by value in the last eight quarters

Purchase · Oct 27

ANDERSON RICHARD H

$732.8K

Purchase · Nov 5

Fahmy Sameh

$466.9K

Purchase · Oct 24

ANDERSON RICHARD H

$257.9K

Insider transactions from SEC Form 4 filings; institutional holdings from quarterly 13F filings, which are reported with a lag and can overlap between filers. 13F: quarterly institutional holdings report · ETF: Exchange-Traded Fund

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

Explore NSC on stockoscope.com→

Generated September 20, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

NSC Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

3.5/5

Bullish

Weighted across 3 components

Component Breakdown (2 of 3 available)

Insider Activity

40% weight

No data

Institutional Flow

50% weight

+30

Fund Flow

10% weight

Overall Smart Money sentiment of 3.5/5 (Bullish) based on a weighted combination of 2 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated September 19, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Selling Pace for NSC

Each quarter's selling vs the stock's own trailing 6-quarter average; 1.0x is typical for this stock. Green triangles mark quarters with insider buying.

No Data

No recent insider signal

Most recent insider filing was Q4 2025.

Notable Recent Transactions, NSC

Top 8 highest-value insider trades from the last 8 quarters

ANDERSON RICHARD H

Director

Buy

2,600 shares at $281.86

≈37.1% of their stake after buying

Oct 27, 2025$732.82K

Fahmy Sameh

Director

Buy

1,650 shares at $282.97

≈13.8% of their stake after buying

Nov 5, 2025$466.90K

ANDERSON RICHARD H

Director

Buy

1,000 shares at $257.85

≈25.0% of their stake after buying

Oct 24, 2024$257.85K

Fahmy Sameh

Director

Buy

1,000 shares at $255.00

≈10.0% of their stake after buying

Oct 24, 2024$255.00K

Bhatt Anil

EVP & Cido

Sell

900 shares at $281.60

≈38.9% of their stake at the time

Nov 19, 2025$253.44K

LAMPHERE GILBERT H

Director

Buy

607 shares at $259.86

≈24.4% of their stake after buying

Jan 31, 2025$157.74K

Fahmy Sameh

Director

Buy

350 shares at $249.37

≈3.4% of their stake after buying

Dec 12, 2024$87.28K

Clyburn William Jr.

Director

Buy

204 shares at $294.79

≈50.4% of their stake after buying

Dec 5, 2025$60.14K

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Positions for NSC

Institutions adding (new + increased) above zero, reducing (reduced + closed) below, net as a line

New Increased Reduced Closed Net (adding − reducing)

Bullish Signal

Institutions accumulating in Q2 2026

76.5% institutional ownership

Balanced activity: 888 adding vs 753 reducing

13F shares increased by 2.3%, a notable change

Momentum improving from prior quarter

+135

Net breadth

888 adding vs 753 reducing

Balanced

1.18

Add / reduce ratio

in Q2 2026

+32

New − closed

141 initiated, 109 exited

7 of 10

Top holders adding

largest holders with a known change

Position Changes

Q2 2026: how are institutions adjusting their positions?

+888 growing-753 shrinkingNet: +135

141

747

644

109

New (141)

Increased (747)

Reduced (644)

Closed (109)

Top Institutional Holders, NSC

Largest 8 institutional positions by ownership percentage as of Q2 2026

BLACKROCK, INC.

16.0M

$5.0B

Ownership

7.11%

+4.7%

VANGUARD CAPITAL MANAGEMENT LLC

14.7M

$4.6B

Ownership

6.52%

+0.5%

STATE STREET CORP

10.2M

$3.2B

Ownership

4.55%

+4.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

7.2M

$2.3B

Ownership

3.21%

+79.2%

MILLENNIUM MANAGEMENT LLC

5.2M

$1.6B

Ownership

2.31%

+13.5%

GEODE CAPITAL MANAGEMENT, LLC

5.1M

$1.6B

Ownership

2.27%

+0.8%

BANK OF AMERICA CORP /DE/

3.1M

$979.0M

Ownership

1.38%

-2.8%

NORGES BANK

3.0M

$956.6M

Ownership

1.35%

+100.0%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 482 ETFs and mutual funds reporting

106 buying114 sellingNet: -8

106

262

114

Buying (106)

Unchanged (262)

Selling (114)

In total, funds bought 4.7M shares and sold 4.8M this quarter. Each fund counts once in the bar above, whatever the size of its move.

Neutral

Mixed fund activity in Q2 2026

482 ETFs and mutual funds reporting

106 buying vs 114 selling (balanced)

Top Fund Holders, NSC

Largest 8 ETF and mutual fund positions by shares held, each fund's latest filing

SPDR SERIES TRUST

901.9K

Weight

4.46%

Jul 31, 2026No change

VANGUARD HORIZON FUNDS

40.0K

Weight

0.15%

Jun 30, 2026No change

Aristotle Funds Series Trust

37.8K

Weight

0.03%

Jun 30, 2026Decreased

T. Rowe Price Real Assets Fund, Inc.

36.2K

Weight

0.40%

Jun 30, 2026No change

AIM FUNDS GROUP (INVESCO FUNDS GROUP)

30.4K

Weight

0.49%

Jun 30, 2026No change

Nuveen S&P 500 Dynamic Overwrite Fund

21.9K

Weight

2.60%

Jun 30, 2026No change

PAX WORLD FUNDS SERIES TRUST I

20.9K

Weight

0.10%

Jun 30, 2026No change

FRONTIER FUNDS, INC.

20.7K

Weight

17.89%

Jun 30, 2026No change

Norfolk Southern Corporation· NSC

Holdings Analysis

Insider Trading Activity

1.3Transaction History41Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings196Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History41Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings196Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights