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Tenere Capital’s Norfolk Southern NSC Stock Holding History

Tenere Capital’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
-56,398
Closed -$16.9M – 30
2025
Q3 		$16.9M Buy
56,398
+638
+1% +$177K 4% 14
2025
Q2 		$14.3M Hold
55,760
– – 3.66% 15
2025
Q1 		$13.2M Buy
55,760
+8,564
+18% +$2.09M 3.63% 15
2024
Q4 		$11.1M Hold
47,196
– – 2.93% 18
2024
Q3 		$11.7M Buy
47,196
+2,450
+5% +$587K 3.12% 19
2024
Q2 		$9.61M Buy
+44,746
New +$10.4M 2.85% 18

Other funds holding NSC

Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Dodge & Cox
Dodge & Cox San Francisco, California $191B AUM 17.5% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
Millennium Management
Millennium Management New York $276B AUM 44.8% 1-Year Est. Return
Norges Bank
Norges Bank Oslo, Norway $1T AUM
Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $16.4B AUM 55.44% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Tenere Capital's NSC Position: Q4 2025 in Review

Tenere Capital sold out of Norfolk Southern (NSC) in Q4 2025, closing a stake of 56,398 shares — an estimated $16.9M sold.

Tenere Capital first reported a position in NSC in Q2 2024 and held it in 6 quarters. The position peaked at $16.9M in Q3 2025. 1,850 funds tracked by Wall St. Rank hold NSC as of Q4 2025.

  • Tenere Capital reported no remaining Norfolk Southern position as of Q4 2025 after selling out during the quarter.
  • Tenere Capital sold 56,398 Norfolk Southern shares in Q4 2025, an estimated $16.9M.
  • Tenere Capital first reported a position in Norfolk Southern in Q2 2024 and held it in 6 quarters.
  • Tenere Capital's Norfolk Southern position peaked at $16.9M in Q3 2025.
  • 1,850 funds tracked by Wall St. Rank held Norfolk Southern as of Q4 2025.

Based on Tenere Capital's 13F filing for Q4 2025, filed 17 Feb 2026.