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Norfolk Southern

1,809 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, 579 increasing their positions, 626 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 (-$947M)

8% less repeat investments, than reductions

Existing positions increased: 579 | Existing positions reduced: 626

Holders
1,809
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
Swedbank
126
Swedbank
Sweden
$43.2M
MAM
127
Melqart Asset Management
United Kingdom
$43.1M
Canada Life
128
Canada Life
Manitoba, Canada
$42.5M
AQR Capital Management
129
AQR Capital Management
Connecticut
$41.9M
M&T Bank
130
M&T Bank
New York
$40.8M
JFG
131
Jefferies Financial Group
New York
$40.1M
Robeco Institutional Asset Management
132
Robeco Institutional Asset Management
Netherlands
$39.9M
Macquarie Group
133
Macquarie Group
Australia
$39.7M
QCM
134
Quantinno Capital Management
New York
$39.6M
Baird Financial Group
135
Baird Financial Group
Wisconsin
$39M
WHRC
136
W.H. Reaves & Co
New Jersey
$37.8M
WIC
137
Water Island Capital
New York
$37.3M
SSA
138
Schonfeld Strategic Advisors
New York
$36.7M
RFC
139
Regions Financial Corp
Alabama
$36.6M
BOA
140
Birnam Oak Advisors
New York
$35.4M
Chevy Chase Trust
141
Chevy Chase Trust
Maryland
$35M
CIC
142
Carnegie Investment Counsel
Ohio
$34.3M
Handelsbanken Fonder
143
Handelsbanken Fonder
Sweden
$34.3M
State of Wisconsin Investment Board
144
State of Wisconsin Investment Board
Wisconsin
$33.6M
DAM
145
Decagon Asset Management
United Kingdom
$33.5M
KeyBank National Association
146
KeyBank National Association
Ohio
$33M
AAP
147
Aristotle Atlantic Partners
Florida
$32.9M
Prudential Financial
148
Prudential Financial
New Jersey
$32.8M
Commonwealth Equity Services
149
Commonwealth Equity Services
Massachusetts
$32.6M
Susquehanna International Group
150
Susquehanna International Group
Pennsylvania
$32.6M