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Norfolk Southern
NSC

1,691 hedge funds and large institutions have $45.1B invested in Norfolk Southern in 2025 Q2 according to their latest regulatory filings, with 157 funds opening new positions, 532 increasing their positions, 618 reducing their positions, and 101 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 157 | Existing positions closed: 101

17% more funds holding in top 10

Funds holding in top 10: 12 → 14 (+2)

12% more call options, than puts

Call options by funds: $221M | Put options by funds: $197M

9% more capital invested

Capital invested by funds: $41.3B → $45.1B (+$3.82B)

2% more funds holding

Funds holding: 1,653 → 1,691 (+38)

1.14% more ownership

Funds ownership: 77.04% → 78.18% (+1.1%)

14% less repeat investments, than reductions

Existing positions increased: 532 | Existing positions reduced: 618

Holders
1,691
Holders Change
+38
Holders Change %
+2.3%
% of All Funds
22.26%
Holding in Top 10
14
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+16.67%
% of All Funds
0.18%
New
157
Increased
532
Reduced
618
Closed
101
Calls
$221M
Puts
$197M
Net Calls
+$23.9M
Net Calls Change
+$4.58M

Top Buyers

Rank Fund Capital Flow
1
Holocene Advisors
Holocene Advisors
New York
+$196M
2
IP
Interval Partners
New York
+$184M
3
TCIM
TOMS Capital Investment Management
New York
+$168M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$127M
5
Goldman Sachs
Goldman Sachs
New York
+$106M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$424M
2
UBS AM
UBS AM
Illinois
-$258M
3
BlackRock
BlackRock
New York
-$137M
4
Boston Partners
Boston Partners
Massachusetts
-$94.4M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$89M
Name Holding Trade Value Shares
Change 		Change in
Stake
JWCA
451
J.W. Cole Advisors
Florida
$2.64M +$573K +2,430 +31%
3IP
452
3Chopt Investment Partners
Virginia
$2.64M +$90.8K +385 +4%
MPPLM
453
Midwest Professional Planners Ltd (MPPL)
Wisconsin
$2.63M +$279K +1,183 +13%
Thrivent Financial for Lutherans
454
Thrivent Financial for Lutherans
Minnesota
$2.61M -$158K -670 -6%
NB
455
Norinchukin Bank
Japan
$2.6M +$120K +509 +5%
NA
456
Nordwand Advisors
Pennsylvania
$2.58M +$2.38M +10,095 New
Simplex Trading
457
Simplex Trading
Illinois
$2.55M +$1.8M +7,621 +326%
GIM
458
Gold Investment Management
Alberta, Canada
$2.53M +$64.4K +273 +3%
WANY
459
Wealthspire Advisors (New York)
New York
$2.53M +$66.5K +282 +3%
HWA
460
HHM Wealth Advisors
Tennessee
$2.53M +$1.18K +5 +0.1%
FHWM
461
Fox Hill Wealth Management
Massachusetts
$2.52M -$3.06K -13 -0.1%
DILIC
462
Dai-ichi Life Insurance Company
Japan
$2.51M – – –
PE
463
Point72 Europe
United Kingdom
$2.51M +$2.31M +9,800 New
AWM
464
Apollon Wealth Management
South Carolina
$2.47M +$65.1K +276 +3%
BAMF
465
BI Asset Management Fondsmaeglerselskab
Denmark
$2.45M +$24.3K +103 +1%
KTC
466
Kentucky Trust Company
Kentucky
$2.45M – – –
CTA
467
Colonial Trust Advisors
South Carolina
$2.45M -$113K -478 -5%
CNC
468
Citizens & Northern Corp
Pennsylvania
$2.44M +$3.54K +15 +0.2%
DWP
469
Daymark Wealth Partners
Ohio
$2.42M -$18.9K -80 -0.8%
WA
470
Waverly Advisors
Alabama
$2.42M +$13K +55 +0.6%
NHC
471
Nicholas Hoffman & Company
Georgia
$2.41M +$121K +515 +6%
ATC
472
Argent Trust Co
Tennessee
$2.41M -$866K -3,671 -28%
GAM
473
Generali Asset Management
Italy
$2.4M -$2.27M -9,630 -51%
OAM
474
Oppenheimer Asset Management
New York
$2.39M +$2.21M +9,353 New
SI
475
Stephens Inc
Arkansas
$2.39M +$3.06K +13 +0.1%
17 18
19
20 21

NSC Hedge Fund Activity: Q2 2025 in Review

1,691 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q2 2025, worth a combined $45.1B — up 9.3% from $41.3B a quarter earlier.

Buyers outnumbered sellers: 157 funds opened new NSC positions and 101 closed out — a net gain of 56 holders — while 532 added to existing stakes and 618 trimmed.

The largest buyer was Holocene Advisors, adding an estimated $196M. The largest seller was JP Morgan Chase, cutting an estimated $424M.

  • 1,691 institutional investors held Norfolk Southern (NSC) as of Q2 2025, up from 1,653 in Q1 2025.
  • Funds reported $45.1B of Norfolk Southern stock for Q2 2025, up 9.3% quarter-over-quarter.
  • 157 funds opened new Norfolk Southern positions in Q2 2025 and 101 closed out, a net change of +56 holders.
  • The largest Norfolk Southern buyer in Q2 2025 was Holocene Advisors, an estimated $196M added.
  • The largest Norfolk Southern seller in Q2 2025 was JP Morgan Chase, an estimated $424M sold.

Based on aggregated 13F filings for Q2 2025.