Norfolk Southern: which funds bought and sold

Institutions that bought and sold Norfolk Southern shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 724 institutions that filed 13F reports for both quarters added to or opened positions in Norfolk Southern, and 715 cut or closed them. Together they sold a net 218K shares, −0.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 4.0M shares (−8.3%); index fund managers were net buyers of 4.4M shares (+8.1%). 112 opened a new position and 82 sold out entirely.

Bought, Q2 2026 724 institutions, 112 of them new holders Sold, Q2 2026 715 institutions, 82 of them sold out

Net change, all compared −218K shares (−0.1%)

Net change, active managers −4.0M shares (−8.3%), 45 bought, 39 sold

Buyers versus sellers

institutions compared, 1,916

724 bought 477 715 sold

Active managers and hedge funds 45 bought · 39 sold · −4.0M

Index fund managers 9 bought · 3 sold · +4.4M

Other institutions 670 bought · 673 sold · −595K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Vanguard Portfolio Management LLC Index funds	+3.2M +79.2%	7.2M	$2.3B
Blackrock, Inc. Index funds	+724K +4.7%	16.0M	$5B
Caxton Associates LLP Hedge fund	+705K +208.6%	1.0M	$328M
Millennium Management LLC Hedge fund	+618K +13.5%	5.2M	$1.6B
Third Point LLC Hedge fund	+500K +500.0%	600K	$189M
Symmetry Investments LP	+496K +319.8%	650K	$205M
Deutsche Bank Ag\	+430K +61.2%	1.1M	$357M
State Street Corp Index funds	+409K +4.2%	10.2M	$3.2B
D. E. Shaw & Co., Inc. Hedge fund	+338K +14.9%	2.6M	$818M
Capital Wealth Planning, LLC	+291K +32.4%	1.2M	$374M
LMR Partners LLP Hedge fund	+287K +66.0%	722K	$227M
Goldman Sachs Group Inc	+263K +16.2%	1.9M	$594M
Nomura Holdings Inc	+239K +2831.5%	248K	$77.9M
Kryger Capital LLC	+236K +44.5%	766K	$241M
CIBC Bancorp Usa Inc.	+234K +267.8%	322K	$101M
Mizuho Markets Americas LLC	+221K New position	221K	$69.5M
Two Sigma Investments, LP Hedge fund	+211K +152.6%	349K	$110M
Rokos Capital Management LLP Hedge fund	+178K +130.6%	315K	$99M
Healthcare Of Ontario Pension Plan Trust Fund	+163K +123.7%	294K	$92.5M
Omers Administration Corp	+157K +1494.7%	168K	$52.8M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Caxton Associates LLP Hedge fund	+705K +208.6%	1.0M	$328M
Millennium Management LLC Hedge fund	+618K +13.5%	5.2M	$1.6B
Third Point LLC Hedge fund	+500K +500.0%	600K	$189M
D. E. Shaw & Co., Inc. Hedge fund	+338K +14.9%	2.6M	$818M
LMR Partners LLP Hedge fund	+287K +66.0%	722K	$227M
Two Sigma Investments, LP Hedge fund	+211K +152.6%	349K	$110M
Rokos Capital Management LLP Hedge fund	+178K +130.6%	315K	$99M
Yaupon Capital Management LP Hedge fund	+119K New position	119K	$37.6M
Arrowstreet Capital, Limited Partnership Hedge fund	+105K +6.5%	1.7M	$545M
Walleye Capital LLC Hedge fund	+96K New position	96K	$30.2M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Dodge & Cox Active manager	−3.7M −59.9%	2.5M	$789M
Citadel Advisors LLC Hedge fund	−1.0M −39.5%	1.6M	$499M
DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main	−778K −98.1%	15K	$4.8M
UBS Group AG	−773K −43.5%	1.0M	$316M
Amundi	−686K −30.8%	1.5M	$485M
American Century Companies Inc Active manager	−503K −24.8%	1.5M	$480M
Pentwater Capital Management LP Hedge fund	−445K −13.8%	2.8M	$873M
FMR LLC Active manager	−431K −23.7%	1.4M	$437M
Invesco Ltd.	−421K −23.8%	1.3M	$424M
Eurizon Capital Sgr S.P.A.	−383K −93.1%	28K	$8.9M
Squarepoint Ops LLC Hedge fund	−308K −40.3%	457K	$144M
Sculptor Capital LP Hedge fund	−292K −44.3%	366K	$115M
Jpmorgan Chase & Co	−277K −17.0%	1.4M	$428M
Balyasny Asset Management L.P. Hedge fund	−228K −17.0%	1.1M	$350M
Neuberger Berman Group LLC Active manager	−223K −39.3%	344K	$108M
Price T Rowe Associates Inc Active manager	−205K −9.6%	1.9M	$606M
Marble Bar Asset Management LLP	−180K −97.3%	4,941	$1.6M
HRT Financial LP	−143K Sold out	0	—
Jefferies Financial Group Inc.	−138K Sold out	0	—
Zurich Insurance Group Ltd	−121K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Dodge & Cox Active manager	−3.7M −59.9%	2.5M	$789M
Citadel Advisors LLC Hedge fund	−1.0M −39.5%	1.6M	$499M
American Century Companies Inc Active manager	−503K −24.8%	1.5M	$480M
Pentwater Capital Management LP Hedge fund	−445K −13.8%	2.8M	$873M
FMR LLC Active manager	−431K −23.7%	1.4M	$437M
Squarepoint Ops LLC Hedge fund	−308K −40.3%	457K	$144M
Sculptor Capital LP Hedge fund	−292K −44.3%	366K	$115M
Balyasny Asset Management L.P. Hedge fund	−228K −17.0%	1.1M	$350M
Neuberger Berman Group LLC Active manager	−223K −39.3%	344K	$108M
Price T Rowe Associates Inc Active manager	−205K −9.6%	1.9M	$606M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Mizuho Markets Americas LLC	221K	$69.5M
Nearwater Capital Markets, Ltd	149K	$46.9M
Encompass Capital Advisors LLC	145K	$45.6M
Yaupon Capital Management LPHedge fund	119K	$37.6M
Walleye Capital LLCHedge fund	96K	$30.2M
Arrowpoint Investment Partners (Singapore) Pte. Ltd.	81K	$25.6M
Duff & Phelps Investment Management Co	50K	$15.6M
Palliser Capital (UK) Ltd	32K	$10.1M
Ieq Capital, LLC	20K	$6.2M
Voloridge Investment Management, LLCHedge fund	18K	$5.6M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
HRT Financial LP	143K	$41.1M
Jefferies Financial Group Inc.	138K	$39.6M
Zurich Insurance Group Ltd	121K	$34.8M
Ofi Invest Asset Management	116K	$29M
Capricorn Fund Managers Ltd	61K	$17.5M
Summittx Capital, L.P.	53K	$15.2M
Running Oak Capital LLC	25K	$7.2M
Aventail Capital Group, LP	18K	$5.1M
Y-Intercept (Hong Kong) Ltd	17K	$4.9M
Blue Sparrow, LLC	15K	$4.3M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 1,859
Ten largest holders: 41.0%
Index fund managers: 34.6%
Active managers and hedge funds: 26.2%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	45	39	6	4	−4.0M	−8.3%
Index fund managers	9	3	0	0	+4.4M	+8.1%
Other institutions	670	673	106	78	−595K	−0.9%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Norfolk Southern.

Only managers that filed a holdings report for both quarters are compared (1,916 here). 57 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

← Back to Norfolk Southern · Insiders · Politicians