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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
Susquehanna International Group
151
Susquehanna International Group
Pennsylvania
$32.6M
DB
152
Danske Bank
Denmark
$31.4M
Pictet Asset Management
153
Pictet Asset Management
Switzerland
$31.3M
Janney Montgomery Scott
154
Janney Montgomery Scott
Pennsylvania
$30.4M
BGIM
155
Boussard & Gavaudan Investment Management
United Kingdom
$30M
Nisa Investment Advisors
156
Nisa Investment Advisors
Missouri
$29.7M
Capstone Investment Advisors
157
Capstone Investment Advisors
New York
$29.6M
CAPTRUST Financial Advisors
158
CAPTRUST Financial Advisors
North Carolina
$29.2M
Natixis Advisors
159
Natixis Advisors
Massachusetts
$28.9M
CCM
160
Cobalt Capital Management
New Jersey
$28.9M
PTPFOECYE
161
PBU - The Pension Fund of Early Childhood & Youth Educators
$28.5M
Royal London Asset Management
162
Royal London Asset Management
United Kingdom
$28.3M
GWM
163
Geneos Wealth Management
Colorado
$28.1M
Fifth Third Bancorp
164
Fifth Third Bancorp
Ohio
$27.9M
Voloridge Investment Management
165
Voloridge Investment Management
Florida
$27.4M
Treasurer of the State of North Carolina
166
Treasurer of the State of North Carolina
North Carolina
$27.3M
RCMU
167
Rokos Capital Management (UK)
United Kingdom
$27.3M
Asset Management One
168
Asset Management One
Japan
$27.2M
Allianz Asset Management
169
Allianz Asset Management
Germany
$26.8M
PAM
170
PSquared Asset Management
Switzerland
$26.6M
Mitsubishi UFJ Trust & Banking
171
Mitsubishi UFJ Trust & Banking
Japan
$26.3M
Ohio Public Employees Retirement System (OPERS)
172
Ohio Public Employees Retirement System (OPERS)
Ohio
$26.2M
GAM
173
Gotham Asset Management
New York
$26.1M
Stifel Financial
174
Stifel Financial
Missouri
$26.1M
PMAM
175
Picton Mahoney Asset Management
Ontario, Canada
$26M