# Norfolk Southern (NSC): value investors who own it

4 value investors held Norfolk Southern in their Q3 2026 13F, led by Markel Group, Dodge & Cox, Horizon Kinetics, Mairs & Power.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Markel Group | 0.7% | $88.9m | Unchanged | 53 |
| Dodge & Cox | 0.4% | $789m | Trimmed -60% | 53 |
| Horizon Kinetics | 0.0% | $970k | Added +1.6% | 30 |
| Mairs & Power | 0.0% | $815k | Trimmed -4.6% | 53 |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/nsc). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.