BGIM
NSC icon

Brandywine Global Investment Management’s Norfolk Southern NSC Stock Holding History

Brandywine Global Investment Management’s Portfolio NSC Stock Details NSC Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-136,434
Closed -$41M – 646
2025
Q3 		$41M Sell
136,434
-30
-0% -$8.33K 0.28% 103
2025
Q2 		$34.9M Buy
+136,464
New +$32.2M 0.25% 114
2024
Q4 		– Sell
-208,930
Closed -$53M – 662
2024
Q3 		$53M Sell
208,930
-5,198
-2% -$1.25M 0.35% 80
2024
Q2 		$46M Buy
214,128
+8,705
+4% +$2.02M 0.34% 78
2024
Q1 		$52.4M Sell
205,423
-2,216
-1% -$548K 0.38% 71
2023
Q4 		$49.1M Sell
207,639
-996
-0.5% -$209K 0.4% 74
2023
Q3 		$41.1M Buy
208,635
+14,292
+7% +$3.09M 0.36% 86
2023
Q2 		$44.1M Buy
194,343
+133,411
+219% +$28.3M 0.37% 86
2023
Q1 		$12.9M Buy
+60,932
New +$14.1M 0.1% 189
2020
Q4 		– Sell
-201,569
Closed -$43.1M – 659
2020
Q3 		$43.1M Sell
201,569
-7,213
-3% -$1.45M 0.42% 60
2020
Q2 		$36.7M Buy
208,782
+158,026
+311% +$26.8M 0.37% 66
2020
Q1 		$7.41M Buy
50,756
+867
+2% +$160K 0.09% 193
2019
Q4 		$9.82M Buy
49,889
+8,866
+22% +$1.66M 0.07% 232
2019
Q3 		$7.37M Buy
41,023
+23,584
+135% +$4.34M 0.05% 299
2019
Q2 		$3.48M Buy
17,439
+17,223
+7,974% +$3.42M 0.02% 462
2019
Q1 		$41K Sell
216
-51,224
-100% -$8.86M ﹤0.01% 735
2018
Q4 		$7.69M Buy
51,440
+51,224
+23,715% +$8.43M 0.06% 268
2018
Q3 		$39K Sell
216
-239,749
-100% -$41M ﹤0.01% 746
2018
Q2 		$36.2M Sell
239,965
-3,768
-2% -$551K 0.23% 104
2018
Q1 		$33.1M Sell
243,733
-2,137
-0.9% -$307K 0.21% 110
2017
Q4 		$35.6M Buy
245,870
+3,702
+2% +$497K 0.21% 104
2017
Q3 		$32M Buy
242,168
+166,803
+221% +$20.3M 0.2% 109
2017
Q2 		$9.17M Buy
75,365
+13,265
+21% +$1.56M 0.06% 287
2017
Q1 		$6.95M Sell
62,100
-249,508
-80% -$29.2M 0.04% 362
2016
Q4 		$33.7M Buy
311,608
+49,230
+19% +$4.97M 0.21% 99
2016
Q3 		$25.5M Sell
262,378
-5,919
-2% -$539K 0.17% 120
2016
Q2 		$22.8M Sell
268,297
-6,634
-2% -$564K 0.15% 128
2016
Q1 		$22.9M Sell
274,931
-2,895
-1% -$219K 0.15% 131
2015
Q4 		$23.5M Buy
+277,826
New +$23.8M 0.15% 129
2015
Q3 		– Sell
-243,375
Closed -$21.3M – 1017
2015
Q2 		$21.3M Buy
243,375
+8,270
+4% +$806K 0.13% 144
2015
Q1 		$24.2M Buy
235,105
+5,230
+2% +$559K 0.16% 133
2014
Q4 		$25.2M Buy
229,875
+19,765
+9% +$2.17M 0.17% 123
2014
Q3 		$23.4M Buy
210,110
+36,980
+21% +$3.92M 0.17% 108
2014
Q2 		$17.8M Buy
173,130
+23,600
+16% +$2.32M 0.14% 128
2014
Q1 		$14.5M Buy
149,530
+810
+0.5% +$75.1K 0.13% 143
2013
Q4 		$13.8M Buy
148,720
+1,770
+1% +$152K 0.13% 135
2013
Q3 		$11.4M Buy
146,950
+10,364
+8% +$776K 0.11% 168
2013
Q2 		$9.92M Buy
+136,586
New +$10.4M 0.1% 172

Other funds holding NSC

Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Dodge & Cox
Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
Millennium Management
Millennium Management New York $240B AUM 35.51% 1-Year Est. Return
Norges Bank
Norges Bank Oslo, Norway $935B AUM
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Brandywine Global Investment Management's NSC Position: Q4 2025 in Review

Brandywine Global Investment Management sold out of Norfolk Southern (NSC) in Q4 2025, closing a stake of 136,434 shares — an estimated $41M sold.

Brandywine Global Investment Management first reported a position in NSC in Q2 2013 and held it in 38 quarters. The position peaked at $53M in Q3 2024. 1,849 funds tracked by Wall St. Rank hold NSC as of Q4 2025.

  • Brandywine Global Investment Management reported no remaining Norfolk Southern position as of Q4 2025 after selling out during the quarter.
  • Brandywine Global Investment Management sold 136,434 Norfolk Southern shares in Q4 2025, an estimated $41M.
  • Brandywine Global Investment Management first reported a position in Norfolk Southern in Q2 2013 and held it in 38 quarters.
  • Brandywine Global Investment Management's Norfolk Southern position peaked at $53M in Q3 2024.
  • 1,849 funds tracked by Wall St. Rank held Norfolk Southern as of Q4 2025.

Based on Brandywine Global Investment Management's 13F filing for Q4 2025, filed 11 Feb 2026.