WHRC
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W.H. Reaves & Co’s Norfolk Southern NSC Stock Holding History

W.H. Reaves & Co’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 		– Sell
-131,000
Closed -$37.8M – 93
2025
Q4 		$37.8M Sell
131,000
-32,700
-20% -$9.46M 0.66% 35
2025
Q3 		$49.2M Sell
163,700
-55,600
-25% -$15.4M 0.88% 30
2025
Q2 		$56.1M Hold
219,300
– – 1.24% 27
2025
Q1 		$51.9M Hold
219,300
– – 1.32% 28
2024
Q4 		$51.5M Buy
219,300
+41,700
+23% +$10.6M 1.36% 31
2024
Q3 		$44.1M Buy
177,600
+137,000
+337% +$32.8M 1.21% 34
2024
Q2 		$8.72M Buy
+40,600
New +$9.42M 0.29% 49
2024
Q1 		– Sell
-235,100
Closed -$55.6M – 75
2023
Q4 		$55.6M Hold
235,100
– – 2.02% 25
2023
Q3 		$46.3M Buy
235,100
+10,000
+4% +$2.16M 1.83% 30
2023
Q2 		$51M Hold
225,100
– – 1.88% 29
2023
Q1 		$47.7M Buy
225,100
+40,000
+22% +$9.25M 1.72% 29
2022
Q4 		$45.6M Hold
185,100
– – 1.63% 28
2022
Q3 		$38.8M Buy
185,100
+50,000
+37% +$12M 1.46% 30
2022
Q2 		$30.7M Sell
135,100
-117,000
-46% -$28.7M 1.05% 35
2022
Q1 		$71.9M Hold
252,100
– – 2.29% 22
2021
Q4 		$75.1M Hold
252,100
– – 2.29% 22
2021
Q3 		$60.3M Buy
252,100
+64,100
+34% +$16.4M 1.92% 25
2021
Q2 		$49.9M Buy
188,000
+21,000
+13% +$5.8M 1.62% 30
2021
Q1 		$44.8M Buy
167,000
+142,000
+568% +$36M 1.56% 29
2020
Q4 		$5.94M Buy
+25,000
New +$5.69M 0.21% 43

Other funds holding NSC

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
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
Vanguard Portfolio Management
Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM
PCM
Pentwater Capital Management Naples, Florida $16.4B AUM 55.44% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
Northern Trust
Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

W.H. Reaves & Co's NSC Position: Q1 2026 in Review

W.H. Reaves & Co sold out of Norfolk Southern (NSC) in Q1 2026, closing a stake of 131,000 shares — an estimated $37.8M sold.

W.H. Reaves & Co first reported a position in NSC in Q4 2020 and held it in 20 quarters. The position peaked at $75.1M in Q4 2021. 1,838 funds tracked by Wall St. Rank hold NSC as of Q1 2026.

  • W.H. Reaves & Co reported no remaining Norfolk Southern position as of Q1 2026 after selling out during the quarter.
  • W.H. Reaves & Co sold 131,000 Norfolk Southern shares in Q1 2026, an estimated $37.8M.
  • W.H. Reaves & Co first reported a position in Norfolk Southern in Q4 2020 and held it in 20 quarters.
  • W.H. Reaves & Co's Norfolk Southern position peaked at $75.1M in Q4 2021.
  • 1,838 funds tracked by Wall St. Rank held Norfolk Southern as of Q1 2026.

Based on W.H. Reaves & Co's 13F filing for Q1 2026, filed 7 May 2026.