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Norfolk Southern

1,807 hedge funds and large institutions have $49.8B invested in Norfolk Southern in 2025 Q4 according to their latest regulatory filings, with 171 funds opening new positions, 578 increasing their positions, 625 reducing their positions, and 96 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 ownership

Funds ownership:

more funds holding

Funds holding:

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 → $49.8B (-$952M)

8% less repeat investments, than reductions

Existing positions increased: 578 | Existing positions reduced: 625

Holders
1,807
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
WT
101
Whittier Trust
California
$59.5M
ZIM
102
Zacks Investment Management
Illinois
$59.2M
ECP
103
Empyrean Capital Partners
California
$58.8M
GL
104
Governors Lane
New York
$57M
State Board of Administration of Florida Retirement System
105
State Board of Administration of Florida Retirement System
Florida
$56.8M
Aviva
106
Aviva
United Kingdom
$53.4M
Qube Research & Technologies (QRT)
107
Qube Research & Technologies (QRT)
United Kingdom
$52.7M
ECM
108
ExodusPoint Capital Management
New York
$52.5M
Capital International Investors
109
Capital International Investors
California
$52.2M
Cerity Partners
110
Cerity Partners
New York
$52.1M
AF
111
Align Financial
Minnesota
$52M
Russell Investments Group
112
Russell Investments Group
United Kingdom
$51.4M
US Bancorp
113
US Bancorp
Minnesota
$51.1M
Focus Partners Wealth
114
Focus Partners Wealth
Massachusetts
$50.8M
Corient Private Wealth
115
Corient Private Wealth
Florida
$50.7M
New York State Teachers Retirement System (NYSTRS)
116
New York State Teachers Retirement System (NYSTRS)
New York
$48.2M
Man Group
117
Man Group
United Kingdom
$47.8M
SEI Investments
118
SEI Investments
Pennsylvania
$47.6M
Manulife (Manufacturers Life Insurance)
119
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$47M
Korea Investment Corp
120
Korea Investment Corp
South Korea
$46.9M
NMC
121
Nine Masts Capital
Hong Kong
$46.4M
First Trust Advisors
122
First Trust Advisors
Illinois
$45.7M
BAM
123
Berkshire Asset Management
Pennsylvania
$45.3M
WP
124
Woodline Partners
California
$44.2M
National Bank of Canada
125
National Bank of Canada
Quebec, Canada
$43.7M