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Norfolk Southern

1,822 hedge funds and large institutions have $50B invested in Norfolk Southern in 2025 Q4 according to their latest regulatory filings, with 177 funds opening new positions, 580 increasing their positions, 628 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 (-$804M)

8% less repeat investments, than reductions

Existing positions increased: 580 | Existing positions reduced: 628

Holders
1,822
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
Bank of Montreal
101
Bank of Montreal
Ontario, Canada
$62.4M
Calamos Advisors
102
Calamos Advisors
Illinois
$61.4M
WT
103
Whittier Trust
California
$59.5M
ZIM
104
Zacks Investment Management
Illinois
$59.2M
ECP
105
Empyrean Capital Partners
California
$58.8M
GL
106
Governors Lane
New York
$57M
State Board of Administration of Florida Retirement System
107
State Board of Administration of Florida Retirement System
Florida
$56.8M
Aviva
108
Aviva
United Kingdom
$53.4M
Qube Research & Technologies (QRT)
109
Qube Research & Technologies (QRT)
United Kingdom
$52.7M
ECM
110
ExodusPoint Capital Management
New York
$52.5M
Capital International Investors
111
Capital International Investors
California
$52.2M
Cerity Partners
112
Cerity Partners
New York
$52.1M
AF
113
Align Financial
Minnesota
$52M
Russell Investments Group
114
Russell Investments Group
United Kingdom
$51.4M
US Bancorp
115
US Bancorp
Minnesota
$51.1M
Focus Partners Wealth
116
Focus Partners Wealth
Massachusetts
$50.8M
New York State Teachers Retirement System (NYSTRS)
117
New York State Teachers Retirement System (NYSTRS)
New York
$48.2M
Man Group
118
Man Group
United Kingdom
$47.8M
SEI Investments
119
SEI Investments
Pennsylvania
$47.6M
Manulife (Manufacturers Life Insurance)
120
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$47M
Korea Investment Corp
121
Korea Investment Corp
South Korea
$46.9M
NMC
122
Nine Masts Capital
Hong Kong
$46.4M
First Trust Advisors
123
First Trust Advisors
Illinois
$45.7M
BAM
124
Berkshire Asset Management
Pennsylvania
$45.3M
WP
125
Woodline Partners
California
$44.2M