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
↑ +34
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — NSC

Based on 1865 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added NSC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,865 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 — +11% more funds vs a year ago

fund count last 6Q
+192 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

768 buying762 selling
Last quarter: 768 funds bought or added vs 762 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~153 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 239 → 198 → 148 → 153. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 17% medium ■ 13% new
1,313 out of 1,865 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.
💎

Buying through price weakness — shares +64%, value +11%

Value
+10%
Shares
+63%
Last quarter: funds added +64% more shares while total portfolio value only changed +11%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

175 → 239 → 198 → 148 → 153 new funds/Q
New funds entering each quarter: 239 → 198 → 148 → 153. 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 — 74% veterans vs 18% newcomers

■ 74% veterans ■ 9% 1-2yr ■ 18% new
Entry-cohort mix of 1,900 holders: 1,401 (74%) are 2+ year veterans, 165 entered 1–2 years ago, and 334 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 56% AUM from top-100 funds

56% from top-100 AUM funds
70 of 1863 holders are among the 100 largest funds by AUM, controlling 56% 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.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 Q2, 768 hedge funds were net buyers of NSC (153 opened a new position, 615 added to an existing one), while 762 reduced or exited (643 trimmed, 119 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 56% of total institutional value in NSC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +34 funds (more new holders than closures). Total institutional holders: 1865.

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 Q2 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 June 30, 2026 · 82d ago
NSC
-0.1%
XLI
-8.4%

NSC outperformed XLI by +8.3% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 37d ago
NSC
-6.1%
XLI
-9.0%

Since the filing became public, NSC outperformed XLI by +2.9% .

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.

51 top-rated funds 14 high-conviction
Consensus
7.5
/ 10
breadth
×
Elite
4.4
/ 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 Q2) Prior (2026 Q1) Change
Funds Holding 1851 1831 1.09%
13F Shares 169M 169M 0.14%
Total Value $51.47B $46.79B 10.01%
New Positions 149 148 +1
Increased Positions 598 571 +27
Closed Positions 127 151 -24
Reduced Positions 629 659 -30
Total Calls 18 20 -10.0%
Total Puts 19 21 -9.52%
PUT/CALL Ratio 1.06 1.05 Neutral

Statistics: NSC

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cobalt Capital Management, INC. 15.68% 70,000 $22.0M
2 Symmetry Investments LP 13.84% 650,496 $204.6M
3 Taylor Financial Group, Inc. 13.81% 79,892 $25.1M
4 Kryger Capital LLC 13.75% 766,243 $241.1M
5 Decagon Asset Management LLP 11.05% 184,363 $58.0M
6 PSquared Asset Management AG 9.84% 95,704 $30.1M
7 Birnam Oak Advisors, LP 9.18% 179,719 $56.5M
8 Alpine Associates Management INC. 9.09% 461,655 $145.2M
9 Sand Grove Capital Management LLP 8.13% 99,091 $31.2M
10 Westchester Capital Management, LLC 7.94% 515,734 $162.2M
11 Vazirani Asset Management LLC 7.74% 5,000 $1.6M
12 Melqart Asset Management (UK) Ltd 7.27% 242,944 $76.4M
13 Fort Baker Capital Management LP 7.23% 314,269 $98.9M
14 Harvest Management LLC 6.22% 50,300 $15.8M
15 Governors Lane LP 6.17% 234,843 $73.9M
16 Caxton Associates LLP 6.16% 1,043,375 $328.2M
17 Cannon Global Investment Management, LLC 5.87% 6,600 $2.1M
18 Versor Investments LP 5.65% 8,532 $2.7M
19 CSU Producer Resources, Inc. 5.60% 5,400 $1.7M
20 Arrowpoint Investment Partners (Singapore) Pte. Ltd. 5.57% 81,332 $25.6M
21 Palliser Capital (UK) Ltd 5.44% 32,154 $10.1M
22 Pentwater Capital Management LP 5.34% 2,775,000 $873.0M
23 One Fin Capital Management LP 4.82% 47,500 $14.9M
24 Eliot Finkel Investment Counsel, LLC 4.64% 31,575 $9.9M
25 Gibson Wealth Advisors LLC 4.46% 22,709 $7.1M
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NSC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NSC?

Slight buying edge — 50% buying: Last quarter: 768 funds bought or added vs 762 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NSC holders?

Elite ownership — 56% AUM from top-100 funds: 70 of 1863 holders are among the 100 largest funds by AUM, controlling 56% 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: 1,313 out of 1,865 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 Q2 hedge fund 13F filings?

As of today, NSC has moved -6.1% since the 2026 Q2 13F filing date (August 14, 2026), compared to -9.0% for the XLI sector ETF — an outperformance of +2.9%. Since the quarter end (June 30, 2026), NSC has gained -0.1% vs -8.4% 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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