Norfolk Southern Corporation (NSC) Shareholders & Insider Trades
Norfolk Southern shareholders at a glance
The largest holder of Norfolk Southern stock is Vanguard Capital Management LLC, with 14.7 million shares (6.53% of the company), worth about $5.03 billion as of September 25, 2026. The 10 largest holders together own 29.8%.
In Q2 2026, 1,931 institutional holdings reports listed shares worth $54.10 billion.
Insiders reported 40 transactions in the last two years: 1 sale worth $253,442 and 10 purchases. The newest one on file is from April 24, 2026 (Orr John Frederick, Chief Operating Officer).
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026); insider transactions on file through April 24, 2026.
Norfolk Southern Corporation
Shareholders Summary
2026Q2
Ownership by Type
Geographic Distribution
Largest Norfolk Southern shareholders
| Holder | Shares | % of company | Value |
|---|---|---|---|
| Vanguard Capital Management LLC | 14.7 million | 6.53% | $5.0B |
| BlackRock Advisors LLC | 12.7 million | 5.66% | $4.4B |
| State Street Corporation | 10.2 million | 4.56% | $3.5B |
| Vanguard Portfolio Management LLC | 7.2 million | 3.21% | $2.5B |
| Millennium Management LLC | 5.2 million | 2.32% | $1.8B |
| Geode Capital Management LLC | 5.1 million | 2.28% | $1.8B |
| Merrill Lynch International | 3.1 million | 1.39% | $1.1B |
| Norges Bank (13F) | 3.0 million | 1.35% | $1.0B |
| BlackRock Life Ltd. | 2.9 million | 1.29% | $996.0M |
| Pentwater Capital Management LP | 2.8 million | 1.24% | $951.0M |
As of September 25, 2026.
Norfolk Southern institutional holdings by quarter
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 1,931 | – | $54.1B |
| Q1 2026 | 1,904 | 168.0 million | $48.2B |
| Q4 2025 | 1,918 | 173.0 million | $50.0B |
| Q3 2025 | 1,880 | 174.0 million | $52.3B |
| Q2 2025 | 1,760 | 178.0 million | $45.5B |
| Q1 2025 | 1,720 | 175.0 million | $41.3B |
| Q4 2024 | 1,763 | 175.0 million | $41.6B |
| Q3 2024 | 1,684 | 184.0 million | $44.8B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
Norfolk Southern insider trades
| Insider | Date | Title | Transaction | Value |
|---|---|---|---|---|
| Orr John Frederick | Apr 24, 2026 | Chief Operating Officer | -- | – |
| Orr John Frederick | Jan 30, 2026 | Chief Operating Officer | -- | – |
| Zampi Jason Andrew | Jan 30, 2026 | Chief Financial Officer | -- | – |
| George Mark R. | Jan 30, 2026 | Chief Executive Officer | -- | – |
| Elkins Claude E | Jan 30, 2026 | Officer | -- | – |
| Moore Claiborne L. | Jan 30, 2026 | Officer | -- | – |
| Bhatt Anil | Jan 30, 2026 | Officer | -- | – |
| Lamphere Gilbert H | Jan 30, 2026 | Director | -- | – |
| Zampi Jason Andrew | Jan 27, 2026 | Chief Financial Officer | -- | – |
| George Mark R. | Jan 27, 2026 | Chief Executive Officer | -- | – |
| Elkins Claude E | Jan 27, 2026 | Officer | -- | – |
| Moore Claiborne L. | Jan 27, 2026 | Officer | -- | – |
Newest 12 of 40 insider transactions in the last two years.
Questions and answers
Who owns the most Norfolk Southern stock?
Vanguard Capital Management LLC, with 6.53% of the company (as of September 25, 2026). Next: BlackRock Advisors LLC (5.66%) and State Street Corporation (4.56%).
How many institutions own Norfolk Southern stock?
1,931 institutional holdings reports listed Norfolk Southern shares in Q2 2026 worth $54.10 billion.
Are Norfolk Southern insiders buying or selling the stock?
In the last two years insiders reported 1 sale and 10 purchases (40 transactions in all); the newest on file is from April 24, 2026.
