Holocene Advisors’s Norfolk Southern NSC Stock Holding History

Holocene Advisors’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 Q3	–	Sell	-983,366	Closed	-$252M	–	862
2025 Q2	$252M	Buy	983,366 +832,210	+551%	+$196M	0.61%	43
2025 Q1	$35.8M	Sell	151,156 -286,903	-65%	-$69.9M	0.1%	192
2024 Q4	$103M	Sell	438,059 -56,097	-11%	-$14.3M	0.33%	85
2024 Q3	$123M	Buy	+494,156	New	+$118M	0.5%	60

Other funds holding NSC

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Dodge & Cox San Francisco, California $191B AUM 17.5% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

PCM

Pentwater Capital Management Naples, Florida $16.4B AUM 55.44% 1-Year Est. Return

Holocene Advisors's NSC Position: Q3 2025 in Review

Holocene Advisors sold out of Norfolk Southern (NSC) in Q3 2025, closing a stake of 983,366 shares — an estimated $252M sold.

Holocene Advisors first reported a position in NSC in Q3 2024 and held it in 4 quarters. The position peaked at $252M in Q2 2025. 1,800 funds tracked by Wall St. Rank hold NSC as of Q3 2025.

Holocene Advisors reported no remaining Norfolk Southern position as of Q3 2025 after selling out during the quarter.
Holocene Advisors sold 983,366 Norfolk Southern shares in Q3 2025, an estimated $252M.
Holocene Advisors first reported a position in Norfolk Southern in Q3 2024 and held it in 4 quarters.
Holocene Advisors's Norfolk Southern position peaked at $252M in Q2 2025.
1,800 funds tracked by Wall St. Rank held Norfolk Southern as of Q3 2025.

Based on Holocene Advisors's 13F filing for Q3 2025, filed 14 Nov 2025.