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Written by Ben Scribner on March 27, 2023
FTC Disclosure

10 Largest Norfolk Southern Corp Shareholders In 2023

Norfolk Southern Corporation (NSC) is a major American transportation company that operates in the eastern part of the United States.

As of March 2023, the top 10 shareholders in NSC are as follows:

nsc shareholder image

1. The Vanguard Group, Inc.

With a 7.69% stake in NSC, The Vanguard Group is the largest shareholder in the company. As of the latest filing, they own 17,504,705 shares, valued at $3,935,407,778.

2. BlackRock Fund Advisors

BlackRock Fund Advisors owns 4.57% of NSC, equivalent to 10,417,399 shares, valued at $2,342,039,643.

3. SSgA Funds Management, Inc.

SSgA Funds Management holds a 4.46% stake in NSC, which translates to 10,160,051 shares, valued at $2,284,182,666.

4. JP Morgan Investment Management, Inc.

JP Morgan Investment Management has a 3.78% stake in NSC, owning 8,613,019 shares, valued at $1,936,378,932.

5. Capital Research & Management Co.

With a 3.41% stake in NSC, Capital Research & Management Co. owns 7,763,760 shares, valued at $1,745,448,523.

6. Lazard Asset Management LLC

Lazard Asset Management owns a 3.14% stake in NSC, which amounts to 7,144,381 shares, valued at $1,606,199,736.

7. Capital Research & Management Co.

Capital Research & Management Co. holds a 2.69% stake in NSC, equivalent to 6,135,920 shares, valued at $1,379,477,534.

8. Geode Capital Management LLC

Geode Capital Management holds a 1.80% stake in NSC, owning 4,099,195 shares, valued at $921,581,020.

9. Lazard Asset Management Pacific Co.

Lazard Asset Management Pacific owns a 1.64% stake in NSC, equivalent to 3,727,659 shares, valued at $838,052,296.

10. Wells Fargo Clearing Services LLC

With a 1.48% stake in NSC, Wells Fargo Clearing Services owns 3,378,275 shares, valued at $759,503,786.


These top 10 shareholders represent a significant portion of NSC's ownership structure, holding a combined total of 34.42% of the company's outstanding shares.

This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.

Article written by Ben Scribner

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