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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
National Bank of Canada
126
National Bank of Canada
Quebec, Canada
$43.7M
Swedbank
127
Swedbank
Sweden
$43.2M
MAM
128
Melqart Asset Management
United Kingdom
$43.1M
Canada Life
129
Canada Life
Manitoba, Canada
$42.5M
AQR Capital Management
130
AQR Capital Management
Connecticut
$41.9M
M&T Bank
131
M&T Bank
New York
$40.8M
JFG
132
Jefferies Financial Group
New York
$40.1M
Robeco Institutional Asset Management
133
Robeco Institutional Asset Management
Netherlands
$39.9M
Macquarie Group
134
Macquarie Group
Australia
$39.7M
QCM
135
Quantinno Capital Management
New York
$39.6M
Baird Financial Group
136
Baird Financial Group
Wisconsin
$39M
WHRC
137
W.H. Reaves & Co
New Jersey
$37.8M
WIC
138
Water Island Capital
New York
$37.3M
SSA
139
Schonfeld Strategic Advisors
New York
$36.7M
RFC
140
Regions Financial Corp
Alabama
$36.6M
BOA
141
Birnam Oak Advisors
New York
$35.4M
Chevy Chase Trust
142
Chevy Chase Trust
Maryland
$35M
CIC
143
Carnegie Investment Counsel
Ohio
$34.3M
Handelsbanken Fonder
144
Handelsbanken Fonder
Sweden
$34.3M
State of Wisconsin Investment Board
145
State of Wisconsin Investment Board
Wisconsin
$33.6M
DAM
146
Decagon Asset Management
United Kingdom
$33.5M
KeyBank National Association
147
KeyBank National Association
Ohio
$33M
AAP
148
Aristotle Atlantic Partners
Florida
$32.9M
Prudential Financial
149
Prudential Financial
New Jersey
$32.8M
Commonwealth Equity Services
150
Commonwealth Equity Services
Massachusetts
$32.6M