Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Norfolk Southn Corp (NSC)

2K + Investors. Track Smart Money conviction in NSC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — NSC

Based on 1828 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NSC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,828 hedge funds hold NSC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+212 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 47% buying

728 buying819 selling
Last quarter: 819 funds reduced or exited vs 728 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-51 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 173 → 239 → 198 → 147. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 16% medium ■ 15% new
1,273 out of 1,828 hedge funds have held NSC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

121 → 173 → 239 → 198 → 147 new funds/Q
New funds entering each quarter: 173 → 239 → 198 → 147. NSC is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 73% veterans vs 18% newcomers

■ 73% veterans ■ 9% 1-2yr ■ 18% new
Entry-cohort mix of 1,867 holders: 1,371 (73%) are 2+ year veterans, 165 entered 1–2 years ago, and 331 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
67 of 1825 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in NSC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NSC

In 2026 Q1, 728 hedge funds were net buyers of NSC (147 opened a new position, 581 added to an existing one), while 819 reduced or exited (669 trimmed, 150 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 47% of total institutional value in NSC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 1828.

Hedge Fund Ownership: NSC

How many hedge funds hold NSC — quarterly history vs. share price
Quarterly hedge fund ownership of NSC vs. share price

Market Analysis: NSC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NSC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Norfolk Southn Corp (NSC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NSC has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 74d ago
NSC
+9.4%
XLI
-76.3%

NSC outperformed XLI by +85.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
NSC
-0.6%
XLI
-6.5%

Since the filing became public, NSC outperformed XLI by +5.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

88 top-rated funds 15 high-conviction
Consensus
8.5
/ 10
breadth
×
Elite
4.6
/ 10
conviction
Hedge Fund Positioning: NSC
2K + Investors

Track Smart Money conviction in NSC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1806 1831 -1.37%
13F Shares 166M 175M -5.09%
Total Value $46.20B $49.51B -6.69%
New Positions 143 198 -55
Increased Positions 563 574 -11
Closed Positions 168 129 +39
Reduced Positions 651 624 +27
Total Calls 20 19 5.26%
Total Puts 21 22 -4.55%
PUT/CALL Ratio 1.05 1.16 Neutral

Statistics: NSC

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Financial Highlights

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Institutional Holders (2026 Q1)

2K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NSC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NSC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Marble Bar Asset Management LLP 52.13% 185,000 $53.1M
2 Cobalt Capital Management, INC. 18.48% 115,000 $33.0M
3 Decagon Asset Management LLP 16.05% 216,040 $62.0M
4 Taylor Financial Group, Inc. 13.94% 80,118 $23.0M
5 Kryger Capital LLC 10.76% 530,269 $152.2M
6 Harvest Management LLC 10.09% 72,600 $20.8M
7 Birnam Oak Advisors, LP 9.89% 151,835 $43.6M
8 PSquared Asset Management AG 9.62% 96,385 $27.7M
9 One Fin Capital Management LP 8.19% 80,000 $23.0M
10 Alpine Associates Management INC. 7.86% 464,455 $133.3M
11 Sand Grove Capital Management LLP 6.76% 104,633 $30.0M
12 Vazirani Asset Management LLC 6.62% 10,000 $2.9M
13 Westchester Capital Management, LLC 6.52% 501,638 $144.0M
14 Versor Investments LP 5.66% 8,050 $2.3M
15 Hbk Investments L P 5.06% 1,736,356 $498.3M
16 Eliot Finkel Investment Counsel, LLC 4.93% 31,605 $9.1M
17 Symmetry Investments LP 4.87% 154,943 $44.5M
18 Pentwater Capital Management LP 4.79% 3,220,000 $924.1M
19 Melqart Asset Management (UK) Ltd 4.55% 160,848 $46.2M
20 TIG Advisors, LLC 4.46% 336,198 $96.5M
21 CSU Producer Resources, Inc. 4.44% 5,400 $1.5M
22 Laurion Capital Management LP 4.40% 351,648 $100.9M
23 Gibson Wealth Advisors LLC 4.37% 22,709 $6.5M
24 Water Island Capital LLC 4.30% 134,051 $38.5M
25 Governors Lane LP 4.21% 229,334 $65.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Norfolk Southn Corp (NSC)

What does the Smart Money Trend signal show for NSC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NSC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NSC?

More sellers than buyers — 47% buying: Last quarter: 819 funds reduced or exited vs 728 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for NSC holders?

Elite ownership — 47% AUM from top-100 funds: 67 of 1825 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in NSC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NSC?

70% of holders stayed for 2+ years: 1,273 out of 1,828 hedge funds have held NSC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Norfolk Southn Corp (NSC) following the 2026 Q1 hedge fund 13F filings?

As of today, NSC has moved -0.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to -6.5% for the XLI sector ETF — an outperformance of +5.9%. Since the quarter end (March 31, 2026), NSC has gained +9.4% vs -76.3% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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