Two Sigma Advisers’s Norfolk Southern NSC Stock Holding History

Two Sigma Advisers’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 Q2	–	Sell	-7,400	Closed	-$1.75M	–	2463
2025 Q1	$1.75M	Buy	7,400 +900	+14%	+$219K	﹤0.01%	1210
2024 Q4	$1.53M	Sell	6,500 -900	-12%	-$229K	﹤0.01%	1251
2024 Q3	$1.84M	Sell	7,400 -91,600	-93%	-$22M	﹤0.01%	1118
2024 Q2	$21.3M	Sell	99,000 -312,400	-76%	-$72.5M	0.05%	317
2024 Q1	$105M	Sell	411,400 -350,500	-46%	-$86.7M	0.24%	89
2023 Q4	$180M	Sell	761,900 -308,600	-29%	-$64.7M	0.42%	59
2023 Q3	$211M	Sell	1,070,500 -303,600	-22%	-$65.6M	0.54%	41
2023 Q2	$312M	Buy	1,374,100 +595,900	+77%	+$127M	0.79%	21
2023 Q1	$165M	Buy	778,200 +228,200	+41%	+$52.8M	0.43%	58
2022 Q4	$136M	Sell	550,000 -92,400	-14%	-$21.9M	0.38%	57
2022 Q3	$135M	Sell	642,400 -195,700	-23%	-$47.1M	0.39%	53
2022 Q2	$190M	Buy	838,100 +192,400	+30%	+$47.3M	0.54%	34
2022 Q1	$184M	Buy	645,700 +7,400	+1%	+$2.04M	0.49%	40
2021 Q4	$190M	Buy	638,300 +288,000	+82%	+$80.4M	0.48%	56
2021 Q3	$83.8M	Buy	350,300 +38,700	+12%	+$9.92M	0.22%	98
2021 Q2	$82.7M	Buy	311,600 +206,400	+196%	+$57M	0.22%	95
2021 Q1	$28.2M	Sell	105,200 -2,100	-2%	-$532K	0.08%	275
2020 Q4	$25.5M	Buy	107,300 +91,900	+597%	+$20.9M	0.07%	284
2020 Q3	$3.29M	Sell	15,400 -87,000	-85%	-$17.5M	0.01%	922
2020 Q2	$18M	Buy	102,400 +45,800	+81%	+$7.76M	0.05%	353
2020 Q1	$8.26M	Buy	56,600 +26,100	+86%	+$4.82M	0.03%	548
2019 Q4	$5.92M	Sell	30,500 -51,400	-63%	-$9.64M	0.01%	783
2019 Q3	$14.7M	Sell	81,900 -68,000	-45%	-$12.5M	0.04%	447
2019 Q2	$29.9M	Sell	149,900 -209,600	-58%	-$41.6M	0.07%	305
2019 Q1	$67.2M	Sell	359,500 -26,100	-7%	-$4.51M	0.17%	157
2018 Q4	$57.7M	Sell	385,600 -223,030	-37%	-$36.7M	0.16%	173
2018 Q3	$110M	Sell	608,630 -59,900	-9%	-$10.2M	0.27%	98
2018 Q2	$101M	Buy	668,530 +47,800	+8%	+$6.99M	0.27%	88
2018 Q1	$84.3M	Buy	620,730 +525,900	+555%	+$75.6M	0.23%	123
2017 Q4	$13.7M	Sell	94,830 -76,300	-45%	-$10.2M	0.04%	503
2017 Q3	$22.6M	Sell	171,130 -23,878	-12%	-$2.9M	0.06%	335
2017 Q2	$23.7M	Sell	195,008 -209,122	-52%	-$24.6M	0.08%	307
2017 Q1	$45.3M	Buy	404,130 +147,592	+58%	+$17.3M	0.15%	176
2016 Q4	$27.7M	Buy	256,538 +236,612	+1,187%	+$23.9M	0.11%	236
2016 Q3	$1.93M	Sell	19,926 -171,800	-90%	-$15.6M	0.01%	1046
2016 Q2	$16.3M	Sell	191,726 -94,000	-33%	-$7.99M	0.08%	267
2016 Q1	$23.8M	Buy	285,726 +47,634	+20%	+$3.6M	0.13%	187
2015 Q4	$20.1M	Sell	238,092 -469,701	-66%	-$40.2M	0.12%	205
2015 Q3	$54.1M	Buy	707,793 +176,193	+33%	+$14.3M	0.34%	81
2015 Q2	$46.4M	Buy	+531,600	New	+$51.8M	0.35%	70
2014 Q4	–	Sell	-5,166	Closed	-$577K	–	2664
2014 Q3	$577K	Sell	5,166 -500	-9%	-$53K	﹤0.01%	1454
2014 Q2	$584K	Buy	+5,666	New	+$556K	﹤0.01%	1558
2014 Q1	–	Sell	-2,366	Closed	-$219K	–	2465
2013 Q4	$220K	Sell	2,366 -6,200	-72%	-$532K	﹤0.01%	2078
2013 Q3	$663K	Sell	8,566 -112,900	-93%	-$8.46M	0.01%	1209
2013 Q2	$8.82M	Buy	+121,466	New	+$9.27M	0.13%	151

Other funds holding NSC

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

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

EIG

EdgePoint Investment Group Toronto, Ontario, Canada $12.5B AUM 31.7% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

Two Sigma Advisers's NSC Position: Q2 2025 in Review

Two Sigma Advisers sold out of Norfolk Southern (NSC) in Q2 2025, closing a stake of 7,400 shares — an estimated $1.75M sold.

Two Sigma Advisers first reported a position in NSC in Q2 2013 and held it in 45 quarters. The position peaked at $312M in Q2 2023. 1,691 funds tracked by Wall St. Rank hold NSC as of Q2 2025.

Two Sigma Advisers reported no remaining Norfolk Southern position as of Q2 2025 after selling out during the quarter.
Two Sigma Advisers sold 7,400 Norfolk Southern shares in Q2 2025, an estimated $1.75M.
Two Sigma Advisers first reported a position in Norfolk Southern in Q2 2013 and held it in 45 quarters.
Two Sigma Advisers's Norfolk Southern position peaked at $312M in Q2 2023.
1,691 funds tracked by Wall St. Rank held Norfolk Southern as of Q2 2025.

Based on Two Sigma Advisers's 13F filing for Q2 2025, filed 14 Aug 2025.