Cinctive Capital Management Boosts Norfolk Southern Holdings

Hedge fund increased stake in railroad operator by over 2,000% in Q3 2025

Mar. 15, 2026 at 10:00am

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Cinctive Capital Management LP significantly increased its stake in Norfolk Southern Corporation (NYSE:NSC) during the third quarter of 2025, according to a recent SEC filing. The hedge fund now owns 66,193 shares of the railroad operator's stock, up from just 3,002 shares in the previous quarter - a 2,105% increase.

Why it matters

Norfolk Southern is one of the largest Class I railroad companies in the United States, operating an extensive network across the eastern part of the country. Cinctive Capital's large increase in its Norfolk Southern holdings suggests the hedge fund sees significant potential in the railroad operator's business and future performance.

The details

According to the SEC filing, Cinctive Capital Management LP now owns 66,193 shares of Norfolk Southern, valued at approximately $19.9 million as of the end of the third quarter. This represents a 2,105% increase from the 3,002 shares the hedge fund held in the prior quarter. Norfolk Southern accounts for about 1.0% of Cinctive Capital's overall investment portfolio, making it the firm's 16th largest holding.

  • Cinctive Capital Management increased its Norfolk Southern stake during the third quarter of 2025.

The players

Cinctive Capital Management LP

A hedge fund that significantly increased its stake in Norfolk Southern Corporation in the third quarter of 2025.

Norfolk Southern Corporation

A major U.S. freight railroad company that operates an extensive network across the eastern United States.

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The takeaway

Cinctive Capital's large increase in Norfolk Southern holdings suggests the hedge fund sees strong potential in the railroad operator's future performance, underscoring the company's importance as a major player in the U.S. freight rail industry.