Cliff Asness's NSC Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 145,151 shares of Norfolk Southern Corporation (NSC) worth $41.91 M, representing 0.02% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in NSC, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2016, adding 592,406 shares. Largest reduction occurred in Q2 2018, reducing 664,386 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Norfolk Southern Corporation (NSC) Holding Value Over Time
Track share changes against reported price movement
Quarterly Norfolk Southern Corporation (NSC) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +4,598 | Add 3.27% | 145,151 | $288.72 |
| Q3 2025 | +14,300 | Add 11.33% | 140,553 | $300.08 |
| Q2 2025 | -39,239 | Reduce 23.71% | 126,253 | $255.97 |
| Q1 2025 | +104,537 | Add 171.50% | 165,492 | $233.52 |
| Q4 2024 | +1,929 | Add 3.27% | 60,955 | $234.70 |
| Q3 2024 | +50,480 | Add 590.69% | 59,026 | $247.66 |
| Q2 2024 | -2,673 | Reduce 23.83% | 8,546 | $212.45 |
| Q1 2024 | -5,517 | Reduce 32.96% | 11,219 | $251.19 |
| Q4 2023 | -44,404 | Reduce 72.63% | 16,736 | $236.38 |
| Q3 2023 | -22,654 | Reduce 27.04% | 61,140 | $196.93 |
| Q2 2023 | +1,260 | Add 1.53% | 83,794 | $225.64 |
| Q1 2023 | +8,016 | Add 10.76% | 82,534 | $210.05 |
| Q4 2022 | +34,671 | Add 87.01% | 74,518 | $246.42 |
| Q3 2022 | +6,441 | Add 19.28% | 39,847 | $209.65 |
| Q2 2022 | +9,693 | Add 40.88% | 33,406 | $224.54 |
| Q1 2022 | +2,606 | Add 12.35% | 23,713 | $285.20 |
| Q4 2021 | +5,219 | Add 32.85% | 21,107 | $295.49 |
| Q3 2021 | -4,590 | Reduce 22.41% | 15,888 | $239.24 |
| Q2 2021 | +1,007 | Add 5.17% | 20,478 | $264.09 |
| Q1 2021 | -2,504 | Reduce 11.39% | 19,471 | $268.50 |
| Q4 2020 | +12,095 | Add 122.42% | 21,975 | $235.86 |
| Q3 2020 | -15,308 | Reduce 60.77% | 9,880 | $213.97 |
| Q2 2020 | -35,113 | Reduce 58.23% | 25,188 | $172.70 |
| Q1 2020 | -60,741 | Reduce 50.18% | 60,301 | $145.01 |
| Q4 2019 | -108,583 | Reduce 47.29% | 121,042 | $194.13 |
| Q3 2019 | +18,755 | Add 8.89% | 229,625 | $179.66 |
| Q2 2019 | -93,857 | Reduce 30.80% | 210,870 | $199.33 |
| Q1 2019 | -330,130 | Reduce 52.00% | 304,727 | $186.89 |
| Q4 2018 | +49,394 | Add 8.44% | 634,857 | $149.54 |
| Q3 2018 | -273,787 | Reduce 31.86% | 585,463 | $180.50 |
| Q2 2018 | -664,386 | Reduce 43.61% | 859,250 | $150.87 |
| Q1 2018 | +109,357 | Add 7.73% | 1.52 M | $135.78 |
| Q4 2017 | +512,350 | Add 56.81% | 1.41 M | $144.90 |
| Q3 2017 | +51,339 | Add 6.04% | 901,929 | $132.37 |
| Q2 2017 | -466,463 | Reduce 35.42% | 850,590 | $121.70 |
| Q1 2017 | +83,107 | Add 6.74% | 1.32 M | $111.97 |
| Q4 2016 | +323,839 | Add 35.58% | 1.23 M | $108.07 |
| Q3 2016 | +592,406 | Add 186.47% | 910,107 | $97.06 |
| Q2 2016 | +165,847 | Add 109.21% | 317,701 | $85.13 |
| Q1 2016 | +5,534 | Add 3.78% | 151,854 | $83.25 |
| Q4 2015 | -173,156 | Reduce 54.20% | 146,320 | $84.59 |
| Q3 2015 | -148,687 | Reduce 31.76% | 319,476 | $76.40 |
| Q2 2015 | -41,430 | Reduce 8.13% | 468,163 | $87.36 |
| Q1 2015 | -99,101 | Reduce 16.28% | 509,593 | $102.92 |
| Q4 2014 | +193,571 | Add 46.63% | 608,694 | $109.61 |
| Q3 2014 | +230,562 | Add 124.92% | 415,123 | $111.60 |
| Q2 2014 | +20,800 | Add 12.70% | 184,561 | $103.03 |
| Q1 2014 | +68,800 | Add 72.45% | 163,761 | $97.17 |
| Q4 2013 | +37,530 | Add 65.35% | 94,961 | $92.83 |
| Q3 2013 | -164,722 | Reduce 74.15% | 57,431 | $77.34 |
| Q2 2013 | +222,153 | Add 0.00% | 222,153 | $72.65 |
| Q4 2012 | +199,543 | Add 0.00% | 199,543 | $61.84 |
Cliff Asness's Norfolk Southern Corporation Investment FAQs
Cliff Asness first purchased Norfolk Southern Corporation (NSC) in Q4 2012, acquiring 199,543 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Norfolk Southern Corporation (NSC) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Norfolk Southern Corporation (NSC) was in Q3 2016, adding 910,107 shares worth $88.34 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 145,151 shares of Norfolk Southern Corporation (NSC), valued at approximately $41.91 M.
As of the Q4 2025 filing, Norfolk Southern Corporation (NSC) represents approximately 0.02% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Norfolk Southern Corporation (NSC) was 1,523,636 shares, as reported at the end of Q1 2018.