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Norfolk Southern

1,825 hedge funds and large institutions have $50B invested in Norfolk Southern in 2025 Q4 according to their latest regulatory filings, with 178 funds opening new positions, 581 increasing their positions, 629 reducing their positions, and 97 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding in top 10

Funds holding in top 10:

more funds holding

Funds holding:

more ownership

Funds ownership:

6% more call options, than puts

Call options by funds: $236M | Put options by funds: $222M

2% less capital invested

Capital invested by funds: $50.8B → $50B (-$796M)

8% less repeat investments, than reductions

Existing positions increased: 581 | Existing positions reduced: 629

Holders
1,825
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
48
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$236M
Puts
$222M
Net Calls
Net Calls Change

Top Buyers

1 +$528M
2 +$436M
3 +$249M
4
Amundi
Amundi
France
+$223M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$166M
Name Holding Trade Value Shares
Change
Change in
Stake
GIA
326
Gateway Investment Advisers
Ohio
$7.71M
PWW
327
Pettyjohn Wood & White
Virginia
$7.71M
AIM
328
Ausbil Investment Management
Australia
$7.6M
CFO
329
Callan Family Office
Pennsylvania
$7.56M
FNB
330
Farmers National Bank
Kentucky
$7.56M
1SB
331
1ST Source Bank
Indiana
$7.49M
RAM
332
Redmond Asset Management
Virginia
$7.48M
UCI
333
Uncommon Cents Investing
Wisconsin
$7.45M
IHL
334
Investment House LLC
California
$7.43M
OPERF
335
Oregon Public Employees Retirement Fund
Oregon
$7.42M
EARNEST Partners
336
EARNEST Partners
Georgia
$7.31M
Mackenzie Financial
337
Mackenzie Financial
Ontario, Canada
$7.29M
TS
338
Twin Securities
New York
$7.28M
CFM
339
Capricorn Fund Managers
United Kingdom
$7.22M
MC
340
Moors & Cabot
Massachusetts
$7.17M
KCM
341
Kornitzer Capital Management
Kansas
$7.05M
MOACM
342
Mutual of America Capital Management
New York
$6.96M
SLAM
343
Swiss Life Asset Management
$6.8M
Credit Agricole
344
Credit Agricole
France
$6.64M
GWA
345
Gibson Wealth Advisors
Texas
$6.56M
Two Sigma Investments
346
Two Sigma Investments
New York
$6.55M
Northwestern Mutual Wealth Management
347
Northwestern Mutual Wealth Management
Wisconsin
$6.53M
DADC
348
D.A. Davidson & Co
Montana
$6.5M
SDIC
349
South Dakota Investment Council
South Dakota
$6.45M
Nordea Investment Management
350
Nordea Investment Management
Sweden
$6.45M