Norfolk Southern Corporation (NSC) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling NSC?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Norfolk Southern Corporation, showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on NSC?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Norfolk Southern Corporation.

Is institutional money flowing into NSC?

332 institutional investors hold Norfolk Southern Corporation (NSC). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about NSC?

Track institutional sentiment and conviction scores for Norfolk Southern Corporation (NSC) including Smart Money Verdict and position changes on HoldingsIntel.

Norfolk Southern Corporation

NSC·655844108·US·equity·Industrials - Railroads-13D/G

NSC (Norfolk Southern Corporation) is held by 332 institutional investors as of Q4 2025. Largest holders: VANGUARD GROUP INC ($6B), BlackRock, Inc. ($4.3B), STATE STREET CORP ($2.8B). Net institutional sentiment: Mixed.

332

Holders

Avg rating(26 Elite)

$44.5B

Total Value

55% (342)

Fund Consensus

181 buying - 151 selling

Smart Money VerdictView all

52Mixed MomentumSplit Signals

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See how NSC's score breaks down across 4 SEC sources

Held by 332 funds

26 elite

Who's Trading

ActivistThe Vanguard Group0.0%Mar 27, 2026

13F: Dec 31, 2025Insider & Congress: Updated regularly

InsiderClyburn William Jr.Buy $60KDec 5, 2025

InsiderBhatt AnilSell $253KNov 19, 2025

CongressJulie JohnsonSale $1,001 - $15,000Nov 13, 2025

InsiderFahmy SamehBuy $467KNov 5, 2025

InsiderANDERSON RICHARD HBuy $733KOct 27, 2025

CongressValerie HoyleSale $1,001 - $15,000Sep 23, 2025

CongressJulie JohnsonSale $1,001 - $15,000Aug 14, 2025

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
VANGUARD GROUP INC	Increased	20.8M(+1.3%)	$6B	0.1%	+32.45%	32
BlackRock, Inc.	Decreased	14.9M(-0.3%)	$4.3B	0.1%	+38.62%	0
STATE STREET CORP	Increased	9.7M(+4.1%)	$2.8B	0.1%	+39.18%	33
DODGE & COX	Decreased	9.6M(-11.5%)	$2.8B	1.5%	+51.57%	0
GEODE CAPITAL MANAGEMENT, LLC	Increased	4.9M(+0.8%)	$1.4B	0.1%	+104.75%	32
MILLENNIUM MANAGEMENT LLC	Increased	4.2M(+56.9%)	$1.2B	0.5%	+9.77%	64
BANK OF AMERICA CORP /DE/	Decreased	3.2M(-1.8%)	$932.2M	0.1%	+35.64%	0
Pentwater Capital Management LP	Increased	3M(+9.8%)	$871.6M	4.6%	+7.13%	65
NORTHERN TRUST CORP	Decreased	2.7M(-1.9%)	$777.3M	0.1%	+85.48%	0
MORGAN STANLEY	Increased	2.6M(+6.0%)	$759.3M	0.0%	+47.52%	34
JPMORGAN CHASE & CO	Decreased	2.6M(-47.4%)	$738.7M	0.0%	+39.39%	0
CITADEL ADVISORS LLC	Increased	2.5M(+28.6%)	$733M	0.1%	+7.61%	47
D. E. Shaw & Co., Inc.	Increased	2.3M(+403.2%)	$657.8M	0.4%	+12.68%	61
DIMENSIONAL FUND ADVISORS LP	Increased	2.2M(+1.6%)	$639.1M	0.1%	+52.80%	38
HBK INVESTMENTS L P	Increased	2.1M(+67.7%)	$615M	4.8%	+8.05%	85
AMERICAN CENTURY COMPANIES INC	Decreased	2M(-5.8%)	$585.8M	0.3%	+65.69%	0
LONDON CO OF VIRGINIA	Increased	1.8M(+0.3%)	$522.8M	3.0%	+73.94%	58
FMR LLC	Decreased	1.8M(-44.0%)	$519.6M	0.0%	+39.65%	0
Amundi	Increased	1.8M(+75.4%)	$517.6M	0.1%	+19.60%	57
Capital World Investors	Increased	1.7M(+6.7%)	$504.5M	0.1%	+75.12%	34
Legal & General Group Plc	Decreased	1.7M(-0.5%)	$500.9M	0.1%	+91.93%	0
BALYASNY ASSET MANAGEMENT L.P.	Increased	1.7M(+52.2%)	$482.2M	0.6%	+7.87%	62
GOLDMAN SACHS GROUP INC	Decreased	1.6M(-19.7%)	$474.2M	0.1%	+36.07%	0
Invesco Ltd.	Decreased	1.6M(-9.7%)	$449.4M	0.1%	+43.69%	0
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	Increased	1.5M(+17.0%)	$423.3M	0.2%	+25.53%	43
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	1.5M(+1.0%)	$418.7M	0.1%	+107.30%	31
Bank of New York Mellon Corp	Decreased	1.3M(-20.5%)	$378.4M	0.1%	+45.15%	0
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Increased	1.2M(+4.3%)	$340.8M	0.5%	+46.93%	46
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Decreased	1.2M(-11.0%)	$335.6M	0.1%	+13.82%	0
Fisher Asset Management, LLC	Increased	1.1M(+0.7%)	$329.4M	0.1%	+56.85%	37
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	Increased	1.1M(+1.9%)	$312.5M	0.3%	+7.27%	38
WELLS FARGO & COMPANY/MN	Decreased	1.1M(-2.9%)	$310.7M	0.1%	+69.11%	0
UBS Group AG	Decreased	1.1M(-49.2%)	$303.8M	0.0%	+26.05%	0
PRIMECAP MANAGEMENT CO/CA/	Decreased	1M(-11.5%)	$289.4M	0.2%	+36.16%	0
Third Point LLC	Decreased	975,000(-40.9%)	$281.5M	3.9%	+6.87%	0
Squarepoint Ops LLC	Increased	837,154(+183.1%)	$241.7M	0.3%	+10.90%	59
ADAGE CAPITAL PARTNERS GP, L.L.C.	Increased	798,093(+52.6%)	$230.4M	0.3%	+28.59%	51
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	Increased	770,668(+0.8%)	$222.5M	0.7%	+32.55%	43
ROYAL BANK OF CANADA	Decreased	709,652(-44.7%)	$204.9M	0.0%	+21.90%	0
DEUTSCHE BANK AG\	Decreased	692,099(-7.8%)	$199.8M	0.1%	+45.24%	0
FIL Ltd	Decreased	666,915(-28.5%)	$192.6M	0.1%	+65.78%	0
CANADA PENSION PLAN INVESTMENT BOARD	Increased	643,253(+101.0%)	$185.7M	0.1%	+18.28%	59
TORONTO DOMINION BANK	Increased	630,624(+310.3%)	$182.1M	0.3%	+13.75%	59
Swiss National Bank	Decreased	614,440(-5.5%)	$177.4M	0.1%	+102.25%	0
Neuberger Berman Group LLC	Increased	602,648(+5.9%)	$174M	0.1%	+13.41%	39
Verition Fund Management LLC	Increased	586,143(+43.9%)	$169.2M	0.7%	+9.41%	58
National Pension Service	Decreased	561,647(-3.4%)	$162.2M	0.1%	+79.20%	0
ALLIANCEBERNSTEIN L.P.	Increased	554,231(+13.1%)	$160M	0.1%	+34.31%	34
Eurizon Capital SGR S.p.A.	New	548,450	$158.5M	0.5%	+9.84%	50
Sumitomo Mitsui Trust Group, Inc.	Decreased	524,668(-4.4%)	$151.5M	0.1%	+92.52%	0
Sculptor Capital LP	Unchanged	508,000	$146.7M	1.5%	+8.12%	0
Nuveen, LLC	Decreased	499,235(-7.2%)	$144.1M	0.0%	+38.42%	0
Mitsubishi UFJ Asset Management Co., Ltd.	Decreased	467,820(-3.8%)	$134.6M	0.1%	+44.17%	0
CITIGROUP INC	Increased	457,652(+75.7%)	$132.1M	0.1%	+23.87%	46
Aberdeen Group plc	Increased	455,742(+1.8%)	$131.6M	0.2%	+53.28%	37
DAVENPORT & Co LLC	Increased	451,941(+1.4%)	$130.6M	0.7%	+69.31%	43
BARCLAYS PLC	Increased	444,677(+14.1%)	$128.4M	0.0%	+37.17%	34
RHUMBLINE ADVISERS	Decreased	423,855(-3.2%)	$122.4M	0.1%	+118.26%	0
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	Increased	414,136(+6.9%)	$119.6M	0.1%	+71.50%	32
TUDOR INVESTMENT CORP ET AL	Increased	399,788(+49.4%)	$115.4M	0.2%	+7.83%	50
HSBC HOLDINGS PLC	Increased	374,967(+3.0%)	$108.3M	0.1%	+55.35%	31
RAYMOND JAMES FINANCIAL INC	Decreased	368,271(-1.7%)	$106.3M	0.0%	+39.42%	0
PNC FINANCIAL SERVICES GROUP, INC.	Decreased	361,908(-2.2%)	$104.5M	0.1%	+49.83%	0
ENVESTNET ASSET MANAGEMENT INC	Decreased	361,023(-6.5%)	$104.2M	0.0%	+63.31%	0
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	Decreased	360,485(-0.5%)	$104.1M	0.5%	+36.84%	0
Magnetar Financial LLC	Decreased	343,984(-4.0%)	$99.3M	1.0%	+6.87%	0
BANK OF NOVA SCOTIA	Increased	339,507(+98.6%)	$98M	0.1%	+10.11%	58
Hudson Bay Capital Management LP	Increased	335,320(+121.4%)	$96.8M	0.3%	+11.60%	58
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Decreased	321,242(-4.3%)	$92.7M	0.1%	+91.98%	0
LMR Partners LLP	Increased	308,080(+61.4%)	$88.9M	0.2%	+7.98%	52
AMERIPRISE FINANCIAL INC	Decreased	304,010(-25.1%)	$87.8M	0.0%	+67.66%	0
Capitolis Liquid Global Markets LLC	New	288,900	$83.4M	0.5%	+9.84%	49
M&T BANK CORP	Increased	783,271(+463.2%)	$81.9M	0.3%	+17.86%	57
HighTower Advisors, LLC	Increased	282,091(+0.5%)	$81.4M	0.1%	+60.88%	30
LPL Financial LLC	Increased	275,614(+0.2%)	$79.6M	0.0%	+55.33%	30
MARKEL GROUP INC.	Increased	273,500(+6.6%)	$79M	0.6%	+74.15%	45
FRANKLIN RESOURCES INC	Decreased	273,254(-23.9%)	$78.9M	0.0%	+57.75%	0
PRINCIPAL FINANCIAL GROUP INC	Increased	270,326(+8.1%)	$78M	0.0%	+89.25%	32
BNP PARIBAS FINANCIAL MARKETS	Increased	266,051(+16.2%)	$76.8M	0.0%	+32.92%	34
JANE STREET GROUP, LLC	Increased	261,369(+8.9%)	$75.5M	0.0%	+7.11%	32
NATIXIS	Increased	247,855(+85.5%)	$71.6M	0.3%	+9.05%	55
NEW YORK STATE COMMON RETIREMENT FUND	Decreased	240,920(-1.7%)	$69.6M	0.1%	+147.57%	0
Assenagon Asset Management S.A.	Decreased	234,179(-75.4%)	$67.6M	0.1%	+18.27%	0
MARSHALL WACE, LLP	Increased	229,833(+43.9%)	$66.4M	0.1%	+29.45%	40
TRUIST FINANCIAL CORP	Increased	225,411(+3.0%)	$65.1M	0.1%	+75.52%	30
BANK OF MONTREAL /CAN/	Decreased	216,107(-31.1%)	$62.4M	0.0%	+23.54%	0
Calamos Advisors LLC	Decreased	212,722(-0.7%)	$61.4M	0.2%	+32.59%	0
WHITTIER TRUST CO	Increased	204,281(+2.9%)	$59.5M	0.6%	+64.51%	43
ZACKS INVESTMENT MANAGEMENT	Decreased	204,915(-0.6%)	$59.2M	0.5%	+38.93%	0
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	Decreased	196,629(-3.4%)	$56.8M	0.1%	+123.13%	0
AVIVA PLC	Increased	184,838(+5.7%)	$53.4M	0.1%	+49.24%	31
Qube Research & Technologies Ltd	Increased	182,568(+453.2%)	$52.7M	0.1%	+9.29%	47
ExodusPoint Capital Management, LP	Increased	181,970(+77.2%)	$52.5M	0.4%	+8.14%	53
Capital International Investors	Increased	180,528(+7.5%)	$52.2M	0.0%	+54.47%	32
Cerity Partners LLC	Increased	180,588(+3.0%)	$52.1M	0.1%	+42.38%	30
Russell Investments Group, Ltd.	Decreased	178,000(-12.7%)	$51.4M	0.1%	+52.84%	0
US BANCORP \DE\	Decreased	177,054(-1.0%)	$51.1M	0.1%	+90.34%	0
Focus Partners Wealth	Increased	175,575(+51.4%)	$50.8M	0.1%	+28.78%	41
Corient Private Wealth LLC	Increased	340,653(+291.1%)	$50.7M	0.1%	+18.33%	47
Man Group plc	Decreased	165,517(-17.3%)	$47.8M	0.1%	+6.87%	0
SEI INVESTMENTS CO	Decreased	164,733(-14.2%)	$47.6M	0.0%	+51.79%	0
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Decreased	162,749(-3.2%)	$47M	0.0%	+52.48%	0
Korea Investment CORP	Decreased	162,553(-8.1%)	$46.9M	0.1%	+37.35%	0
FIRST TRUST ADVISORS LP	Decreased	158,215(-31.4%)	$45.7M	0.0%	+54.72%	0
Woodline Partners LP	Increased	153,032(+11.9%)	$44.2M	0.2%	+8.09%	39
NATIONAL BANK OF CANADA /FI/	Increased	151,529(+5.1%)	$43.7M	0.0%	+34.15%	31
Swedbank AB	Decreased	149,502(-0.3%)	$43.2M	0.0%	+28.42%	0
AQR CAPITAL MANAGEMENT LLC	Increased	145,151(+3.3%)	$41.9M	0.0%	+33.37%	30
Jefferies Financial Group Inc.	Increased	138,801(+0.6%)	$40.1M	0.2%	+13.56%	35
Robeco Institutional Asset Management B.V.	Increased	138,194(+8.6%)	$39.9M	0.1%	+11.93%	32
MACQUARIE GROUP LTD	Increased	137,519(+3.0%)	$39.7M	0.2%	+36.45%	36
Quantinno Capital Management LP	Increased	137,057(+20.4%)	$39.6M	0.1%	+18.67%	35
Baird Financial Group, Inc.	Decreased	135,169(-1.3%)	$39M	0.1%	+83.51%	0
Schonfeld Strategic Advisors LLC	Increased	127,266(+10.7%)	$36.7M	0.2%	+25.51%	38
REGIONS FINANCIAL CORP	Decreased	126,770(-0.9%)	$36.6M	0.2%	+49.31%	0
Chevy Chase Trust Holdings, LLC	Decreased	121,126(-0.8%)	$35M	0.1%	+147.67%	0
STATE OF WISCONSIN INVESTMENT BOARD	Decreased	116,278(-1.9%)	$33.6M	0.1%	+91.99%	0
KEYBANK NATIONAL ASSOCIATION/OH	Decreased	114,449(-0.9%)	$33M	0.1%	+95.66%	0
PRUDENTIAL FINANCIAL INC	Decreased	113,605(-11.3%)	$32.8M	0.0%	+43.21%	0
COMMONWEALTH EQUITY SERVICES, LLC	Decreased	113,029(-9.3%)	$32.6M	0.0%	+77.90%	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Increased	112,812(+93.4%)	$32.6M	0.0%	+19.11%	46
DANSKE BANK A/S	Increased	108,723(+14.7%)	$31.4M	0.1%	+34.34%	33
Pictet Asset Management Holding SA	Increased	108,508(+8.2%)	$31.3M	0.0%	+63.30%	31
NISA INVESTMENT ADVISORS, LLC	Increased	102,879(+1.4%)	$29.7M	0.1%	+78.47%	29
CAPSTONE INVESTMENT ADVISORS, LLC	Increased	102,500(+46.4%)	$29.6M	0.1%	+8.63%	39
CAPTRUST FINANCIAL ADVISORS	Increased	101,038(+1.2%)	$29.2M	0.1%	+62.46%	29
ROYAL LONDON ASSET MANAGEMENT LTD	Decreased	98,026(-1.2%)	$28.3M	0.1%	+100.40%	0
FIFTH THIRD BANCORP	Decreased	96,494(-10.4%)	$27.9M	0.1%	+148.32%	0
VOLORIDGE INVESTMENT MANAGEMENT, LLC	New	95,000	$27.4M	0.1%	+9.84%	40
Rokos Capital Management LLP	Increased	94,493(+63.9%)	$27.3M	0.1%	+8.01%	50
Asset Management One Co., Ltd.	Decreased	93,013(-1.3%)	$27.2M	0.1%	+84.24%	0
Allianz Asset Management GmbH	Decreased	92,913(-43.8%)	$26.8M	0.0%	+23.83%	0
Mitsubishi UFJ Trust & Banking Corp	Decreased	91,080(-87.6%)	$26.3M	0.1%	+41.31%	0
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	Increased	90,694(+0.5%)	$26.2M	0.1%	+123.24%	29
Gotham Asset Management, LLC	Increased	90,407(+37.2%)	$26.1M	0.1%	+8.67%	38
STIFEL FINANCIAL CORP	Decreased	90,351(-25.7%)	$26.1M	0.0%	+45.67%	0
PICTON MAHONEY ASSET MANAGEMENT	Increased	90,000(+12.5%)	$26M	0.2%	+7.19%	39
Zurich Insurance Group Ltd/FI	Increased	89,569(+1078.5%)	$25.9M	0.2%	+9.58%	55
Grantham, Mayo, Van Otterloo & Co. LLC	Increased	86,720(+46.9%)	$25M	0.1%	+8.73%	39
TD ASSET MANAGEMENT INC	Increased	85,721(+3.3%)	$24.7M	0.0%	+110.42%	30
Universal- Beteiligungs- und Servicegesellschaft mbH	Decreased	84,025(-10.4%)	$24.2M	0.0%	+39.39%	0
KLP KAPITALFORVALTNING AS	Decreased	82,893(-0.4%)	$23.9M	0.1%	+37.19%	0
Cetera Investment Advisers	Increased	79,229(+1.3%)	$22.9M	0.0%	+29.87%	29
Sequoia Financial Advisors, LLC	Increased	77,915(+1.9%)	$22.5M	0.1%	+38.83%	35
Creative Planning	Increased	77,912(+5.8%)	$22.5M	0.0%	+57.04%	30
State of Tennessee, Department of Treasury	Decreased	76,445(-16.5%)	$22.3M	0.1%	+37.46%	0
NOMURA ASSET MANAGEMENT CO LTD	Increased	76,958(+2.5%)	$22.2M	0.1%	+79.81%	29
State of New Jersey Common Pension Fund D	Decreased	76,001(-2.8%)	$21.9M	0.1%	+89.69%	0
ING GROEP NV	Increased	72,899(+151.3%)	$21M	0.1%	+8.64%	55
Lansforsakringar Fondforvaltning AB (publ)	Increased	71,846(+0.8%)	$20.7M	0.1%	+37.86%	34
Zurcher Kantonalbank (Zurich Cantonalbank)	Increased	71,717(+31.7%)	$20.7M	0.0%	+38.12%	36
Resona Asset Management Co.,Ltd.	Increased	70,408(+0.5%)	$20.4M	0.1%	+30.23%	28
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Decreased	68,259(-2.2%)	$20.1M	0.0%	+52.47%	0
COMERICA BANK	Decreased	67,235(-9.0%)	$19.4M	0.1%	+61.99%	0
NEW YORK LIFE INVESTMENT MANAGEMENT LLC	Increased	65,764(+2.5%)	$19M	0.2%	+23.95%	35
PUBLIC SECTOR PENSION INVESTMENT BOARD	Increased	64,870(+234.8%)	$18.7M	0.1%	+15.20%	46
STRS OHIO	Increased	64,676(+21.5%)	$18.7M	0.1%	+94.07%	34
Arizona State Retirement System	Decreased	63,247(-3.9%)	$18.3M	0.1%	+83.66%	0
OSAIC HOLDINGS, INC.	Increased	62,492(+20.1%)	$18.1M	0.0%	+53.66%	34
BROWN ADVISORY INC	Decreased	62,059(-3.7%)	$17.9M	0.0%	+84.25%	0
VICTORY CAPITAL MANAGEMENT INC	Decreased	60,342(-21.9%)	$17.4M	0.0%	+88.39%	0
Czech National Bank	Increased	59,167(+3.8%)	$17.1M	0.1%	+50.66%	35
STATE OF MICHIGAN RETIREMENT SYSTEM	Decreased	58,790(-3.1%)	$17M	0.1%	+93.20%	0
Brevan Howard Capital Management LP	Increased	58,018(+276.4%)	$16.8M	0.2%	+11.03%	54
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	Decreased	57,620(-8.0%)	$16.6M	0.0%	+10.73%	0
CIBC Asset Management Inc	Increased	57,600(+57.0%)	$16.6M	0.0%	+49.42%	40
SCS Capital Management LLC	Decreased	57,016(-0.1%)	$16.5M	0.2%	+22.66%	0
Rockefeller Capital Management L.P.	Increased	56,904(+2.3%)	$16.4M	0.0%	+38.62%	29
Skandinaviska Enskilda Banken AB (publ)	Increased	56,622(+13.3%)	$16.3M	0.1%	+52.69%	32
MetLife Investment Management, LLC	Decreased	53,816(-3.4%)	$15.5M	0.1%	+67.83%	0
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	Decreased	52,712(-5.7%)	$15.2M	0.1%	+28.62%	0
MERCER GLOBAL ADVISORS INC /ADV	Decreased	51,865(-0.6%)	$15M	0.0%	+40.19%	0
GABELLI FUNDS LLC	Increased	51,112(+54.4%)	$14.8M	0.1%	+7.90%	40
Capula Management Ltd	New	50,000	$14.4M	0.1%	+9.84%	39
&PARTNERS	Increased	48,272(+13.5%)	$13.9M	0.1%	+36.24%	32
DnB Asset Management AS	Decreased	48,089(-10.9%)	$13.9M	0.0%	+77.44%	0
Retirement Systems of Alabama	Decreased	47,734(-0.3%)	$13.8M	0.0%	+91.79%	0
Varma Mutual Pension Insurance Co	Increased	47,630(+0.5%)	$13.8M	0.1%	+35.08%	28
ProShare Advisors LLC	Increased	45,120(+7.8%)	$13M	0.0%	+55.74%	30
NewEdge Advisors, LLC	Increased	44,675(+87.5%)	$12.9M	0.0%	+24.37%	44
CIBC Private Wealth Group LLC	Increased	44,563(+2.0%)	$12.9M	0.0%	+77.36%	28
FORSTA AP-FONDEN	Decreased	44,160(-4.4%)	$12.7M	0.1%	+52.89%	0
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	Increased	43,408(+9.8%)	$12.5M	0.1%	+25.44%	31
Mariner, LLC	Decreased	43,243(-31.3%)	$12.5M	0.0%	+51.47%	0
USS Investment Management Ltd	Increased	42,539(+3.0%)	$12.3M	0.1%	+48.74%	29
JANUS HENDERSON GROUP PLC	Increased	42,374(+1.1%)	$12.2M	0.0%	+25.79%	28
Sanctuary Advisors, LLC	Decreased	42,295(-5.3%)	$12.2M	0.1%	+50.98%	0
BLAIR WILLIAM & CO/IL	Decreased	42,242(-1.0%)	$12.2M	0.0%	+76.86%	0
MOORE CAPITAL MANAGEMENT, LP	Increased	41,818(+13.8%)	$12.1M	0.2%	+17.08%	38
TEACHER RETIREMENT SYSTEM OF TEXAS	Increased	40,374(+16.0%)	$11.7M	0.0%	+33.70%	32
GLENMEDE TRUST CO NA	Decreased	40,081(-3.1%)	$11.6M	0.1%	+90.34%	0
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	Increased	39,818(+22.9%)	$11.5M	0.1%	+47.93%	34
Cresset Asset Management, LLC	Decreased	38,946(-4.7%)	$11.2M	0.0%	+38.85%	0
MML INVESTORS SERVICES, LLC	Increased	37,992(+3.9%)	$11M	0.0%	+48.81%	29
Walleye Trading LLC	Increased	37,364(+10.6%)	$10.8M	0.0%	+25.71%	31
Utah Retirement Systems	Unchanged	37,336	$10.8M	0.1%	+91.37%	0
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.	Decreased	37,112(-3.9%)	$10.7M	0.1%	+6.87%	0
Connor, Clark & Lunn Investment Management Ltd.	Increased	36,937(+615.0%)	$10.7M	0.0%	+9.42%	45
COMMERCE BANK	Increased	36,620(+2.6%)	$10.6M	0.1%	+86.28%	28
VOYA INVESTMENT MANAGEMENT LLC	Decreased	35,478(-3.6%)	$10.2M	0.0%	+69.29%	0
Mirae Asset Global Investments Co., Ltd.	Increased	35,225(+20.5%)	$10.2M	0.0%	+29.26%	33
Police & Firemen's Retirement System of New Jersey	Decreased	34,724(-4.5%)	$10M	0.1%	+36.42%	0
Pinnacle Financial Partners, Inc.	New	33,628	$9.7M	0.1%	+9.84%	38
XPONANCE LLC	Increased	33,512(+5.8%)	$9.7M	0.1%	+48.67%	29
Orion Porfolio Solutions, LLC	Decreased	32,897(-5.6%)	$9.5M	0.1%	+38.54%	0
Sumitomo Mitsui DS Asset Management Company, Ltd	Increased	31,433(+1.4%)	$9.1M	0.1%	+63.93%	28
CIBC WORLD MARKETS CORP	Increased	31,214(+9.9%)	$9M	0.0%	+39.06%	30
Vanguard Personalized Indexing Management, LLC	Increased	30,358(+2.0%)	$8.8M	0.1%	+35.33%	28
NEOS Investment Management LLC	Increased	30,246(+19.6%)	$8.7M	0.1%	+23.91%	33
Rakuten Investment Management, Inc.	Increased	29,518(+24.9%)	$8.6M	0.0%	+29.21%	34
JONES FINANCIAL COMPANIES LLLP	Increased	29,808(+15.2%)	$8.6M	0.0%	+29.05%	32
Centiva Capital, LP	New	29,429	$8.5M	0.1%	+9.84%	38
JOHNSON INVESTMENT COUNSEL INC	Decreased	28,962(-6.7%)	$8.4M	0.1%	+85.19%	0
NISSAY ASSET MANAGEMENT CORP /JAPAN	Increased	28,449(+0.8%)	$8.2M	0.0%	+78.17%	28
WELLINGTON MANAGEMENT GROUP LLP	Increased	28,205(+4.0%)	$8.1M	0.0%	+41.58%	29
Pathstone Holdings, LLC	Decreased	27,815(-0.9%)	$8M	0.0%	+39.65%	0
YOUSIF CAPITAL MANAGEMENT, LLC	Decreased	28,619(-5.4%)	$8M	0.1%	+18.77%	0
Tidal Investments LLC	Decreased	27,376(-3.3%)	$7.9M	0.0%	+20.98%	0
HB Wealth Management, LLC	Increased	27,223(+2.0%)	$7.9M	0.1%	+24.36%	28
GATEWAY INVESTMENT ADVISERS LLC	Increased	26,707(+0.8%)	$7.7M	0.1%	+78.43%	28
EARNEST PARTNERS LLC	Decreased	25,331(-19.7%)	$7.3M	0.0%	+78.99%	0
MACKENZIE FINANCIAL CORP	Increased	25,166(+8.7%)	$7.3M	0.0%	+40.56%	30
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	Decreased	24,101(-0.9%)	$7M	0.1%	+91.78%	0
Swiss Life Asset Management Ltd	Decreased	23,564(-0.5%)	$6.8M	0.0%	+45.83%	0
CREDIT AGRICOLE S A	Increased	22,985(+68.9%)	$6.6M	0.0%	+26.53%	40
TWO SIGMA INVESTMENTS, LP	Increased	22,693(+146.1%)	$6.6M	0.0%	+12.17%	44
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Decreased	22,612(-13.1%)	$6.5M	0.0%	+116.56%	0
D.A. DAVIDSON & CO.	Decreased	22,506(-0.5%)	$6.5M	0.0%	+55.77%	0
NORDEA INVESTMENT MANAGEMENT AB	Increased	22,293(+2.8%)	$6.4M	0.0%	+46.72%	28
MAI Capital Management	Decreased	22,086(-0.7%)	$6.4M	0.0%	+38.41%	0
Rafferty Asset Management, LLC	Decreased	21,784(-0.4%)	$6.3M	0.0%	+44.37%	0
HUNTINGTON NATIONAL BANK	Decreased	21,032(-2.5%)	$6.1M	0.0%	+92.26%	0
PINEBRIDGE INVESTMENTS LLC	New	20,798	$6M	0.0%	+9.84%	38
Waverly Advisors, LLC	Increased	20,797(+117.5%)	$6M	0.0%	+29.60%	44
Steward Partners Investment Advisory, LLC	Decreased	20,437(-3.0%)	$5.9M	0.0%	+58.59%	0
TIAA TRUST, NATIONAL ASSOCIATION	Decreased	20,434(-0.0%)	$5.9M	0.0%	+69.50%	0
Private Advisor Group, LLC	Decreased	19,706(-1.5%)	$5.7M	0.0%	+56.44%	0
GUGGENHEIM CAPITAL LLC	Increased	19,616(+1.2%)	$5.7M	0.0%	+59.73%	27
UniSuper Management Pty Ltd	Decreased	19,396(-4.4%)	$5.6M	0.0%	+36.41%	0
Kestra Advisory Services, LLC	Increased	19,344(+5.1%)	$5.6M	0.0%	+45.89%	28
NewEdge Wealth, LLC	Increased	19,003(+5.6%)	$5.5M	0.1%	+42.80%	29
Pacer Advisors, Inc.	Increased	18,280(+0.1%)	$5.3M	0.0%	+44.83%	27
SILVERCREST ASSET MANAGEMENT GROUP LLC	Increased	18,204(+0.5%)	$5.3M	0.0%	+86.40%	27
Wealthfront Advisers LLC	Increased	18,099(+5.4%)	$5.2M	0.0%	+35.82%	28
SCHRODER INVESTMENT MANAGEMENT GROUP	Decreased	16,873(-11.8%)	$4.9M	0.0%	+115.62%	0
CIBC WORLD MARKET INC.	Decreased	15,265(-55.2%)	$4.4M	0.0%	+88.77%	0
Farther Finance Advisors, LLC	Increased	15,214(+248.1%)	$4.4M	0.0%	+18.04%	43
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	Decreased	15,015(-0.8%)	$4.3M	0.0%	+58.50%	0
Allworth Financial LP	Increased	14,391(+26.8%)	$4.2M	0.0%	+30.48%	33
Jain Global LLC	Increased	14,180(+7.5%)	$4.1M	0.0%	+13.74%	29
Beacon Pointe Advisors, LLC	Increased	13,877(+27.0%)	$4M	0.0%	+34.16%	33
Aptus Capital Advisors, LLC	Increased	13,833(+2.5%)	$4M	0.0%	+43.13%	27
PRUDENTIAL PLC	Unchanged	13,433	$3.9M	0.0%	+13.24%	0
QRG CAPITAL MANAGEMENT, INC.	Increased	13,431(+13.1%)	$3.9M	0.0%	+51.24%	30
Empowered Funds, LLC	Increased	13,159(+19.5%)	$3.8M	0.0%	+34.60%	32
Haverford Trust Co	Decreased	12,872(-2.0%)	$3.7M	0.0%	+51.88%	0
WOLVERINE ASSET MANAGEMENT LLC	Increased	12,700(+57.8%)	$3.7M	0.0%	+7.94%	38
AXXCESS WEALTH MANAGEMENT, LLC	Decreased	12,520(-5.2%)	$3.6M	0.1%	+34.02%	0
SIMPLEX TRADING, LLC	Increased	12,319(+38.2%)	$3.6M	0.0%	+21.98%	35
Merit Financial Group, LLC	Increased	12,028(+6.7%)	$3.5M	0.0%	+55.85%	28
CULLEN/FROST BANKERS, INC.	Decreased	11,711(-0.8%)	$3.4M	0.0%	+81.47%	0
AE Wealth Management LLC	Increased	11,428(+7.5%)	$3.3M	0.0%	+30.45%	29
B. Metzler seel. Sohn & Co. AG	Increased	11,274(+5.9%)	$3.3M	0.0%	+27.82%	28
SHELTON CAPITAL MANAGEMENT	Increased	11,221(+819.0%)	$3.2M	0.1%	+13.41%	43
Savant Capital, LLC	Increased	10,968(+6.6%)	$3.2M	0.0%	+57.29%	28
Allspring Global Investments Holdings, LLC	Increased	10,687(+2.5%)	$3.1M	0.0%	+32.04%	27
Federation des caisses Desjardins du Quebec	Increased	10,529(+21.1%)	$3M	0.0%	+34.35%	32
EP Wealth Advisors, LLC	Increased	10,132(+26.0%)	$2.9M	0.0%	+37.95%	32
OneDigital Investment Advisors LLC	Decreased	10,120(-0.8%)	$2.9M	0.0%	+29.51%	0
EdgePoint Investment Group Inc.	Decreased	9,831(-35.9%)	$2.8M	0.0%	+48.09%	0
Virtu Financial LLC	Increased	9,624(+293.6%)	$2.8M	0.1%	+13.50%	51
UNITED CAPITAL FINANCIAL ADVISORS, LLC	Increased	9,208(+2.1%)	$2.7M	0.0%	+53.93%	27
BAHL & GAYNOR INC	Unchanged	9,086	$2.6M	0.0%	+88.63%	0
BROWN BROTHERS HARRIMAN & CO	Increased	9,049(+1.6%)	$2.6M	0.0%	+27.06%	27
Vident Advisory, LLC	Increased	8,659(+13.7%)	$2.5M	0.0%	+33.88%	30
Lido Advisors, LLC	Decreased	8,237(-1.9%)	$2.5M	0.0%	+35.75%	0
OMERS ADMINISTRATION Corp	Unchanged	8,119	$2.3M	0.0%	+50.74%	0
TD Waterhouse Canada Inc.	Decreased	7,791(-0.1%)	$2.2M	0.0%	+21.65%	0
Phoenix Financial Ltd.	Increased	7,776(+3.8%)	$2.2M	0.0%	+36.00%	27
INTECH INVESTMENT MANAGEMENT LLC	Decreased	7,213(-0.1%)	$2.1M	0.0%	+43.98%	0
ALPS ADVISORS INC	Decreased	6,912(-0.2%)	$2M	0.0%	+12.87%	0
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	Increased	6,903(+5.0%)	$2M	0.0%	+36.01%	27
Dynasty Wealth Management, LLC	Decreased	6,855(-0.0%)	$2M	0.0%	+34.11%	0
GREENLEAF TRUST	Increased	6,584(+0.1%)	$1.9M	0.0%	+57.82%	26
CLIFFORD SWAN INVESTMENT COUNSEL LLC	Unchanged	6,458	$1.9M	0.1%	+94.43%	0
JENNISON ASSOCIATES LLC	Decreased	6,230(-25.5%)	$1.8M	0.0%	+52.23%	0
BENJAMIN EDWARDS INC	Increased	5,992(+4.5%)	$1.7M	0.0%	+32.28%	27
RWA WEALTH PARTNERS, LLC	Increased	5,689(+4.9%)	$1.6M	0.0%	+33.10%	27
Wealthspire Advisors, LLC	Decreased	5,615(-41.5%)	$1.6M	0.0%	+45.86%	0
Boston Trust Walden Corp	Unchanged	5,267	$1.5M	0.0%	+90.86%	0
Blackstone Inc.	New	5,231	$1.5M	0.0%	+9.84%	35
ASSETMARK, INC	Increased	5,189(+1.7%)	$1.5M	0.0%	+39.71%	26
Williams Jones Wealth Management, LLC.	Decreased	5,129(-4.5%)	$1.5M	0.0%	+91.04%	0
SCOTIA CAPITAL INC.	Decreased	4,673(-6.8%)	$1.3M	0.0%	+42.10%	0
Erste Asset Management GmbH	Increased	4,504(+161.1%)	$1.3M	0.0%	+15.44%	41
KING LUTHER CAPITAL MANAGEMENT CORP	Decreased	4,352(-16.1%)	$1.3M	0.0%	+44.87%	0
LAZARD ASSET MANAGEMENT LLC	Increased	4,305(+10.1%)	$1.2M	0.0%	+57.77%	28
MONETA GROUP INVESTMENT ADVISORS LLC	Decreased	4,082(-7.7%)	$1.2M	0.0%	+49.02%	0
TCW GROUP INC	New	4,070	$1.2M	0.0%	+9.84%	35
Envestnet Portfolio Solutions, Inc.	Increased	3,894(+3.1%)	$1.1M	0.0%	+54.04%	26
Capital International, Inc./CA/	Decreased	3,871(-6.7%)	$1.1M	0.0%	+58.98%	0
FAYEZ SAROFIM & CO	Decreased	3,748(-3.9%)	$1.1M	0.0%	+131.30%	0
GREAT LAKES ADVISORS, LLC	Decreased	3,429(-0.6%)	$989,912	0.0%	+41.61%	0
Clearbridge Investments, LLC	Unchanged	3,300	$952,776	0.0%	+93.62%	0
FEDERATED HERMES, INC.	Decreased	3,119(-27.3%)	$900,518	0.0%	+15.58%	0
MAIRS & POWER INC	Decreased	3,035(-0.6%)	$876,265	0.0%	+80.05%	0
HORIZON KINETICS ASSET MANAGEMENT LLC	Decreased	3,033(-7.3%)	$875,687	0.0%	+18.87%	0
MATHER GROUP, LLC.	Decreased	2,820(-2.7%)	$814,052	0.0%	+36.98%	0
PRICE T ROWE ASSOCIATES INC /MD/	Decreased	2.8M(-27.6%)	$802,214	0.1%	+42.24%	0
Boston Partners	Decreased	2,707(-72.5%)	$781,466	0.0%	+36.52%	0
PANAGORA ASSET MANAGEMENT INC	Increased	2,697(+29.6%)	$778,678	0.0%	+37.26%	31
Point72 Asset Management, L.P.	New	2,562	$739,701	0.0%	+9.84%	34
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	Decreased	2,270(-1.5%)	$655,394	0.0%	+91.44%	0
Equitable Holdings, Inc.	Increased	2,188(+23.2%)	$631,719	0.0%	+53.91%	30
FIRST MANHATTAN CO. LLC.	Decreased	2,169(-13.0%)	$626,234	0.0%	+93.49%	0
Empower Advisory Group, LLC	Increased	1,938(+39.5%)	$559,539	0.0%	+35.74%	32
Allen Investment Management, LLC	Unchanged	1,589	$458,776	0.0%	+89.72%	0
Clark Capital Management Group, Inc.	Unchanged	1,589	$458,776	0.0%	+46.16%	0
CI INVESTMENTS INC.	Decreased	1,038(-87.8%)	$299,691	0.0%	+37.25%	0
LOS ANGELES CAPITAL MANAGEMENT LLC	Decreased	1,019(-3.0%)	$286,971	0.0%	+20.46%	0
Optiver Holding B.V.	Increased	941(+76.9%)	$271,686	0.0%	+8.14%	35
Integrated Wealth Concepts LLC	Decreased	811(-28.6%)	$234,194	0.0%	+40.06%	0
Cullen Capital Management, LLC	Decreased	747(-99.4%)	$215,674	0.0%	+20.63%	0
First Command Advisory Services, Inc.	Increased	678(+87.8%)	$195,752	0.0%	+30.72%	36
Walleye Capital LLC	Decreased	485(-86.4%)	$140,029	0.0%	+25.80%	0
EXCHANGE TRADED CONCEPTS, LLC	Decreased	429(-87.4%)	$123,861	0.0%	+12.69%	0
LOOMIS SAYLES & CO L P	Decreased	270(-9.7%)	$77,954	0.0%	+43.88%	0
IFM Investors Pty Ltd	Decreased	55,733(-1.0%)	$16,091	0.1%	+39.10%	0
BNP Paribas Asset Management Holding S.A.	Increased	54,098(+104.7%)	$15,632	0.0%	+22.57%	29
Bank Julius Baer & Co. Ltd, Zurich	New	41	$11,833	0.0%	+9.84%	27
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	Increased	12(+20.0%)	$3,719	0.0%	+36.93%	11
XTX Topco Ltd	Exited	0(-100.0%)	$462,331	0.0%	+14.51%	0
Engineers Gate Manager LP	Exited	0(-100.0%)	$1.4M	0.0%	+3.15%	0
Brandywine Global Investment Management, LLC	Exited	0(-100.0%)	$41M	0.0%	+14.51%	0
APG Asset Management N.V.	Exited	0(-100.0%)	$32M	0.0%	+26.65%	0
AustralianSuper Pty Ltd	Exited	0(-100.0%)	$64.9M	0.0%	-2.71%	0
Mediolanum International Funds Ltd	Exited	0(-100.0%)	$11.8M	0.0%	-2.71%	0
Vontobel Holding Ltd.	Exited	0(-100.0%)	$765,144	0.0%	+42.41%	0
Kovitz Investment Group Partners, LLC	Exited	0(-100.0%)	$17.7M	0.0%	+55.03%	0
NOMURA HOLDINGS INC	Exited	0(-100.0%)	$1.6M	0.0%	+2.16%	0
FARALLON CAPITAL MANAGEMENT LLC	Exited	0(-100.0%)	$184.8M	0.0%	-2.71%	0

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