PCM
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Pentwater Capital Management’s Norfolk Southern NSC Stock Holding History

Pentwater Capital 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
2026
Q1 		$924M Buy
3,220,000
+201,000
+7% +$59.7M 4.79% 7
2025
Q4 		$872M Buy
3,019,000
+269,000
+10% +$77.8M 4.58% 9
2025
Q3 		$826M Buy
+2,750,000
New +$764M 4.62% 6

Other funds holding NSC

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
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
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
Northern Trust
Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Pentwater Capital Management's NSC Position: Q1 2026 in Review

Pentwater Capital Management increased its Norfolk Southern (NSC) stake by 6.7% in Q1 2026, buying an estimated $59.7M and bringing the position to 3,220,000 shares worth $924M. The position accounts for 4.79% of the portfolio, ranked #7.

Pentwater Capital Management first reported a position in NSC in Q3 2025 and has held it in 3 quarters since. 1,829 funds tracked by Wall St. Rank hold NSC as of Q1 2026.

  • Pentwater Capital Management held 3,220,000 shares of Norfolk Southern worth $924M as of Q1 2026.
  • Pentwater Capital Management bought 201,000 Norfolk Southern shares in Q1 2026, an estimated $59.7M.
  • Norfolk Southern made up 4.79% of Pentwater Capital Management's portfolio in Q1 2026, its #7 holding.
  • Pentwater Capital Management first reported a position in Norfolk Southern in Q3 2025 and has held it in 3 quarters since.
  • 1,829 funds tracked by Wall St. Rank held Norfolk Southern as of Q1 2026.

Based on Pentwater Capital Management's 13F filing for Q1 2026, filed 15 May 2026.