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
↑ +54
Streak
3Q ▲
Buyers last Q
51%

Smart Money Signals — NSC

Based on 1715 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, 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
1,715 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
+163 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 — 51% buying

739 buying724 selling
Last quarter: 739 funds bought or added vs 724 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.
⚠️

Fewer new buyers each quarter (-45 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 108 → 159 → 225 → 180. 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.
🔒

72% of holders stayed for 2+ years

■ 72% conviction (2yr+) ■ 14% medium ■ 14% new
1,232 out of 1,715 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.
🚀

Acceleration phase — new buyers rushing in

165 → 108 → 159 → 225 → 180 new funds/Q
New funds entering each quarter: 108 → 159 → 225 → 180. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 73% of holders stayed 2+ years

■ 73% veterans ■ 9% 1-2yr ■ 17% new
Of 1,752 current holders: 1,284 (73%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
49 of 1715 holders are among the 100 largest funds by AUM, controlling 53% 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.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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.

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

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

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

142 top-rated funds 13 high-conviction
Consensus
9.4
/ 10
breadth
×
Elite
4.7
/ 10
conviction
Hedge Fund Positioning: NSC
2026 Q1 Stats Unlock in 22 days 2K + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1752 1709 2.52%
13F Shares 172M 168M 2.63%
Total Value $48.78B $51.04B -4.42%
New Positions 180 228 -48
Increased Positions 611 574 +37
Closed Positions 133 139 -6
Reduced Positions 652 620 +32
Total Calls 19 27 -29.63%
Total Puts 22 25 -12.0%
PUT/CALL Ratio 1.16 0.93 Neutral

Statistics: NSC

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
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) --
Levered Free Cash Flow (ttm) --

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.

Top 25 institutional holders of NSC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ALPINE ASSOCIATES MANAGEMENT INC. 7.86% 464,455 $133.3M
2 Eliot Finkel Investment Counsel, LLC 4.93% 31,605 $9.1M
3 Gibson Wealth Advisors LLC 4.37% 22,709 $6.5M
4 Cannon Global Investment Management, LLC 3.92% 7,000 $2.0M
5 Ausbil Investment Management Ltd 3.76% 26,329 $7.6M
6 M. Kraus & Co 3.51% 41,872 $12.0M
7 Capricorn Fund Managers Ltd 2.73% 61,117 $17.5M
8 Skylands Capital, LLC 2.08% 55,290 $15.9M
9 Lafayette Investments, Inc. 1.85% 31,895 $9.2M
10 Baker Chad R 1.84% 33,906 $9.7M
11 Partnership Wealth Management, LLC 1.76% 8,035 $2.3M
12 Uncommon Cents Investing LLC 1.72% 25,776 $7.4M
13 Somerset Trust Co 1.58% 17,964 $5.2M
14 FNY Investment Advisers, LLC 1.42% 11,290 $3K
15 Kentucky Trust Co 1.39% 9,270 $2.7M
16 BLUE JEAN FINANCIAL LLC 1.24% 5,251 $1.5M
17 Towne Trust Company, N.A 1.13% 12,227 $3.5M
18 Advanced Asset Management Advisors Inc 1.13% 14,200 $4.1M
19 Murphy Pohlad Asset Management LLC 1.07% 10,422 $3.0M
20 ALBERT D MASON INC 1.07% 5,764 $1.7M
21 Oak Asset Management, LLC 1.06% 10,735 $3.1M
22 Exchange Bank 1.05% 5,256 $1.5M
23 Salvus Wealth Management, LLC 1.04% 6,223 $1.8M
24 INDEPENDENT INVESTORS INC 1.00% 17,517 $5.0M
25 Gold Investment Management Ltd. 0.92% 10,347 $3.0M
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 — 3 quarters in a row: For 3 consecutive quarters, 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 — 51% buying: Last quarter: 739 funds bought or added vs 724 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 — 53% AUM from top-100 funds: 49 of 1715 holders are among the 100 largest funds by AUM, controlling 53% 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?

72% of holders stayed for 2+ years: 1,232 out of 1,715 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.

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.