NSC · Norfolk Southern Corp

$329.46 +1.63 (+0.50%) At close · Sep 4

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$73.63B

224.61M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 1,865

Total Value: $53,924,609,665

Total Shares: 171,499,937

Showing 1–100 of 1,900 holdings by value · page 1 of 19

Institutional Ownership Trend

26 quarters

Superinvestors Holding NSC

All superinvestors →

Daniel Loeb $188,754,000 Thomas Gayner $88,871,675 Joel Greenblatt $24,566,333

Holder Concentration

Across 1,865 13F filers · Δ vs Mar 31, 2026

Top Holder

9.3%

+0.3 pts

Top 5

31.1%

+1.0 pts

Top 10

40.9%

+0.2 pts

HHI

276

Broadly held+6

Quarterly Activity

vs Mar 31, 2026

New

135

Increased

608

Decreased

642

Sold Out

111

Unchanged

480

Holder count: +24

Institutional value: +11.0%

Shares held: +1.3%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega VANGUARD PORTFOLIO MANAGEMENT LLC	+3,190,005	7,215,898
Mega BlackRock, Inc.	+724,235	16,000,346
Mid CAXTON ASSOCIATES LLP	+705,249	1,043,375
Mega MILLENNIUM MANAGEMENT LLC	+612,642	5,201,728
Mid Third Point LLC	+500,000	600,000

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega Dodge & Cox	−3,749,622	2,508,128
Mega CITADEL ADVISORS LLC	−1,019,315	1,662,067
Mega UBS Group AG	−919,516	1,151,553
Mega DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	−777,910	15,312
Mega Amundi	−686,280	1,540,605

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mega NORGES BANK	3,040,628	$956,551,162
Mid MIZUHO MARKETS AMERICAS LLC	221,015	$69,529,108
Mid Nearwater Capital Markets, Ltd	149,000	$46,873,910
Mid Encompass Capital Advisors LLC	145,000	$45,615,550
Small BOUSSARD & GAVAUDAN GESTION SAS	135,885	$42,748,062

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Large HRT FINANCIAL LP	143,299	$41,126,813
Large Jefferies Financial Group Inc.	138,093	$39,632,691
Small Boussard & Gavaudan Investment Management LLP	135,885	$38,998,995
Large Zurich Insurance Group Ltd/FI	121,096	$34,754,552
Large OFI INVEST ASSET MANAGEMENT	116,366	$33,397,042

Filter: New 135 Increased 608 Reduced 642 Sold out 111 Unchanged 480

Showing 100 of 1,900

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

BlackRock, Inc.

$5,033,548,839

9.33%

16,000,346

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	499,579	$157,162,557	3.1%	Sole
BlackRock Investment Management (Australia) Ltd	209,699	$65,969,208	1.3%	Sole
BlackRock Asset Management Canada Ltd	136,041	$42,797,138	0.9%	Sole
BLACKROCK (SINGAPORE) LTD.	16,167	$5,085,976	0.1%	Sole
BlackRock Asset Management North Asia Ltd	38,724	$12,182,183	0.2%	Sole
BlackRock Investment Management, LLC	381,663	$120,067,363	2.4%	Sole
BLACKROCK ADVISORS LLC	136,261	$42,866,347	0.9%	Sole
BlackRock Fund Advisors	6,208,492	$1,953,129,498	38.8%	Sole
BlackRock Institutional Trust Company, N.A.	4,836,680	$1,521,571,161	30.2%	Sole
BlackRock Japan Co. Ltd	239,787	$75,434,592	1.5%	Sole
BlackRock Fund Managers Ltd.	226,947	$71,395,256	1.4%	Sole
BlackRock Investment Management (UK) Ltd.	286,836	$90,235,737	1.8%	Sole
BlackRock (Netherlands) B.V.	291,923	$91,836,056	1.8%	Sole
BlackRock International, Ltd.	327	$102,870	0.0%	Sole
BlackRock Asset Management Ireland Ltd	1,913,437	$601,948,145	12.0%	Sole
BlackRock Advisors (UK) Ltd	11,389	$3,582,865	0.1%	Sole
BlackRock (Luxembourg) S.A.	70,738	$22,253,467	0.4%	Sole
BlackRock Life Ltd	56,768	$17,858,645	0.4%	Sole
BlackRock Asset Management Schweiz AG	8,456	$2,660,173	0.1%	Sole
Aperio Group, LLC	389,400	$122,501,346	2.4%	Sole
SpiderRock Advisors, LLC	41,032	$12,908,256	0.3%	Sole

VANGUARD CAPITAL MANAGEMENT LLC

$4,613,819,724

8.56%

14,666,136

STATE STREET CORP

$3,222,287,800

5.98%

10,242,817

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. joint	10,242,817	$3,222,287,800	100.0%	Defined

VANGUARD PORTFOLIO MANAGEMENT LLC

$2,270,049,351

4.21%

7,215,898

MILLENNIUM MANAGEMENT LLC

$1,636,411,611

3.03%

5,201,728

GEODE CAPITAL MANAGEMENT, LLC

$1,608,900,715

2.98%

5,114,278

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	736,263	$231,620,977	14.4%	Defined
Held directly	4,378,015	$1,377,279,738	85.6%	Defined

BANK OF AMERICA CORP /DE/

$978,977,022

1.82%

3,111,914

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	440,215	$138,487,236	14.1%	Defined
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	370,348	$116,507,777	11.9%	Defined
BOFA SECURITIES, INC.	882,811	$277,723,512	28.4%	Defined
MERRILL LYNCH INTERNATIONAL	14,586	$4,588,609	0.5%	Defined
MANAGED ACCOUNT ADVISORS LLC	1,402,733	$441,285,774	45.1%	Defined
BofA Securities Europe SA	1,221	$384,114	0.0%	Defined

NORGES BANK

$956,551,162

1.77%

3,040,628

Pentwater Capital Management LP

$872,987,250

1.62%

2,775,000

NORTHERN TRUST CORP

$822,465,980

1.53%

2,614,406

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	2,365,520	$744,168,936	90.5%	Defined
NORTHERN TRUST GLOBAL INVESTMENTS LTD	229,567	$72,219,481	8.8%	Defined
Northern Trust Asset Management Australia Pty Ltd	2,641	$830,832	0.1%	Defined
Northern Trust Co of Hong Kong Ltd	6,619	$2,082,271	0.3%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC joint	10,059	$3,164,460	0.4%	Other

MORGAN STANLEY

$821,704,352

1.52%

2,611,985

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	1,716	$539,836	0.1%	Defined
MORGAN STANLEY & CO. LLC	150,919	$47,477,608	5.8%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	480,930	$151,295,768	18.4%	Defined
MORGAN STANLEY AIP GP LP	565	$177,742	0.0%	Defined
MORGAN STANLEY INVESTMENT MANAGEMENT INC	17,646	$5,551,254	0.7%	Defined
Morgan Stanley Investment Management LTD	1,205	$379,080	0.0%	Defined
MORGAN STANLEY SMITH BARNEY LLC	563,135	$177,156,639	21.6%	Defined
MORGAN STANLEY LATAM LLC	1	$314	0.0%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	1,118,230	$351,783,974	42.8%	Defined
EATON VANCE MANAGEMENT	68,683	$21,606,984	2.6%	Defined
BOSTON MANAGEMENT & RESEARCH	208,955	$65,735,153	8.0%	Defined

D. E. Shaw & Co., Inc.

$818,312,136

1.52%

2,601,202

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	2,597,858	$817,260,148	99.9%	Defined
D. E. Shaw Investment Management, L.L.C. joint	3,344	$1,051,988	0.1%	Defined

Dodge & Cox

$789,031,987

1.46%

2,508,128

DIMENSIONAL FUND ADVISORS LP

$710,882,482

1.32%

2,259,711

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	20,102	$6,323,888	0.9%	Defined
DFA Australia Ltd.	148,264	$46,642,371	6.6%	Defined
Dimensional Fund Advisors Pte. Ltd.	4,534	$1,426,351	0.2%	Defined
Dimensional Ireland Ltd	95,660	$30,093,679	4.2%	Defined
Held directly	1,991,151	$626,396,193	88.1%	Sole

Capital World Investors

$632,929,598

1.17%

2,011,919

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	2,011,919	$632,929,598	100.0%	Defined

PRICE T ROWE ASSOCIATES INC /MD/

$605,595,501

1.12%

1,925,031

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	327,365	$102,985,755	17.0%	Defined
Held directly	1,597,666	$502,609,746	83.0%	Sole

GOLDMAN SACHS GROUP INC

$594,243,834

1.10%

1,888,947

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	636,701	$200,299,767	33.7%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	1,207,655	$379,916,186	63.9%	Defined
GOLDMAN SACHS INTERNATIONAL	26,974	$8,485,750	1.4%	Defined
GOLDMAN SACHS WEALTH SERVICES, L.P.	1,434	$451,122	0.1%	Defined
Goldman Sachs Trust Company, N.A.	16,183	$5,091,009	0.9%	Defined

HBK INVESTMENTS L P

$550,532,500

1.02%

1,750,000

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP

$544,885,294

1.01%

1,732,049

LONDON CO OF VIRGINIA

$520,014,438

0.96%

1,652,991

Legal & General Group Plc

$503,093,271

0.93%

1,599,203

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management America Inc	491,900	$154,746,821	30.8%	Defined
Legal & General Investment Management Ltd joint	1,107,303	$348,346,450	69.2%	Defined

CITADEL ADVISORS LLC

$498,772,062

0.92%

1,585,467

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	44,093	$13,871,216	2.8%	Defined
Held directly	1,541,374	$484,900,846	97.2%	Defined

Amundi

$484,658,923

0.90%

1,540,605

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Amundi Asset Management joint	1,540,605	$484,658,923	100.0%	Defined

AMERICAN CENTURY COMPANIES INC

$480,142,672

0.89%

1,526,249

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AMERICAN CENTURY INVESTMENT MANAGEMENT INC	1,526,249	$480,142,672	100.0%	Defined

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$466,667,210

0.87%

1,483,414

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

$449,118,434

0.83%

1,427,631

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Global X Management CO LLC joint	1,421,464	$447,178,359	99.6%	Defined
Global X Management (AUS) Ltd joint	1,998	$628,550	0.1%	Defined
Global X Investments Canada Inc. joint	4,169	$1,311,525	0.3%	Defined

FMR LLC

$437,083,794

0.81%

1,389,376

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	718,713	$226,099,922	51.7%	Defined
STRATEGIC ADVISERS LLC	536,330	$168,724,054	38.6%	Defined
FIAM LLC	52,158	$16,408,385	3.8%	Defined
Fidelity Diversifying Solutions LLC	82,175	$25,851,433	5.9%	Defined

JPMORGAN CHASE & CO

$424,775,767

0.79%

1,350,252

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Trust Co of Delaware	5,645	$1,775,860	0.4%	Other
JPMorgan Chase Bank, N.A.	439,842	$138,369,893	32.6%	Other
J.P. Morgan Investment Management Inc.	337,884	$106,294,927	25.0%	Defined
J.P. Morgan Securities LLC	149,109	$46,908,199	11.0%	Defined
J.P. Morgan Securities plc	18,910	$5,948,896	1.4%	Defined
JPMorgan Asset Management (UK) Ltd	7,684	$2,417,309	0.6%	Defined
J.P. Morgan Private Investments Inc.	121,127	$38,105,342	9.0%	Defined
J.P. Morgan (Suisse) SA	114	$35,863	0.0%	Other
JPMorgan Asset Management (Asia Pacific) Ltd	81	$25,481	0.0%	Defined
55I, LLC	2,564	$806,608	0.2%	Other
J.P. Morgan SE	4,703	$1,479,516	0.3%	Defined
J.P. MORGAN MANSART MANAGEMENT Ltd	262,589	$82,607,873	19.4%	Defined

Invesco Ltd.

$423,564,282

0.79%

1,346,401

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Advisers, Inc. joint	182,215	$57,323,014	13.5%	Defined
Invesco Canada Ltd. joint	426	$134,015	0.0%	Defined
Invesco Trust Co joint	93,729	$29,486,206	7.0%	Defined
Invesco Hong Kong Limited joint	3,343	$1,051,674	0.2%	Defined
Invesco Asset Management Limited joint	8,381	$2,636,577	0.6%	Defined
Invesco Management S.A.	17,059	$5,366,590	1.3%	Defined
Invesco Asset Management (Japan) Limited joint	6,700	$2,107,752	0.5%	Defined
Invesco Australia Ltd joint	65	$20,448	0.0%	Defined
Invesco Capital Management LLC	1,034,160	$325,336,394	76.8%	Defined
Invesco Asset Management Singapore Ltd joint	323	$101,612	0.0%	Defined

VANGUARD FIDUCIARY TRUST CO

$396,694,844

0.74%

1,260,990

Fisher Asset Management, LLC

$377,649,250

0.70%

1,200,449

Capital Wealth Planning, LLC

$374,289,429

0.69%

1,189,769

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Amplify Investments, LLC	477,900	$150,342,561	40.2%	Other
Held directly	711,869	$223,946,868	59.8%	Sole

Bank of New York Mellon Corp

$364,413,811

0.68%

1,158,377

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BNY Mellon Trust of Delaware joint	12,692	$3,992,774	1.1%	Defined
Mellon Investments Corporation joint	513,350	$161,494,774	44.3%	Defined
BNY Mellon Investment Adviser, Inc.	15,548	$4,891,245	1.3%	Defined
The Bank of New York Mellon	418,568	$131,677,307	36.1%	Defined
BNY Mellon, NA joint	160,476	$50,484,143	13.9%	Defined
BNY Mellon Advisors, Inc.	25,899	$8,147,566	2.2%	Defined
Newton Investment Management North America, LLC joint	11,843	$3,725,688	1.0%	Defined
Held directly	1	$314	0.0%	Defined

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

$364,167,806

0.68%

1,157,595

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Group AG	148,154	$46,607,766	12.8%	Defined
UBS Asset Management Switzerland AG	426,510	$134,175,779	36.8%	Defined
UBS Asset Management (UK) Ltd.	435,432	$136,982,552	37.6%	Defined
UBS Asset Management Life Ltd.	15,592	$4,905,087	1.3%	Defined
Held directly	131,907	$41,496,622	11.4%	Defined

DEUTSCHE BANK AG\

$356,558,188

0.66%

1,133,406

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Deutsche Bank Trust Co Americas	13,059	$4,108,230	1.2%	Defined
DWS Investment GmbH	15,419	$4,850,663	1.4%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC	34,140	$10,740,102	3.0%	Defined
RREEF AMERICA LLC	427,304	$134,425,565	37.7%	Defined
DEUTSCHE BANK NATIONAL TRUST Co	729	$229,336	0.1%	Defined
Deutsche Bank Trust Co Delaware	17,515	$5,510,043	1.5%	Other
DEUTSCHE BANK TRUST COMPANY, NATIONAL ASSOCIATION	45,801	$14,408,535	4.0%	Defined
DWS Investments UK Ltd	496,324	$156,138,567	43.8%	Defined
DBX Advisors LLC	31,851	$10,020,006	2.8%	Defined
DWS International GmbH	51,264	$16,127,141	4.5%	Defined

Balyasny Asset Management L.P.

$349,563,914

0.65%

1,111,173

WELLS FARGO & COMPANY/MN

$328,710,370

0.61%

1,044,885

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO BANK N A	82,414	$25,926,620	7.9%	Defined
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	355,325	$111,781,691	34.0%	Defined
WELLS FARGO CLEARING SERVICES, LLC	584,589	$183,905,853	55.9%	Defined
Wells Fargo Securities, LLC	2	$629	0.0%	Defined
WELLS FARGO INVESTMENT INSTITUTE, INC.	22,555	$7,095,577	2.2%	Defined

CAXTON ASSOCIATES LLP

$328,235,341

0.61%

1,043,375

PRIMECAP MANAGEMENT CO/CA/

$324,943,156

0.60%

1,032,910

UBS Group AG

$316,053,784

0.59%

1,004,653

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	367,891	$115,734,829	36.6%	Defined
UBS AG	605,241	$190,402,766	60.2%	Defined
UBS Switzerland AG	17,068	$5,369,421	1.7%	Defined
UBS Europe SE	6,697	$2,106,809	0.7%	Defined
UBS Bank (Canada)	89	$27,998	0.0%	Defined
UBS Securities LLC	7,667	$2,411,961	0.8%	Defined

Qube Research & Technologies Ltd

$281,635,124

0.52%

895,245

COHEN & STEERS, INC.

$244,521,369

0.45%

777,270

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cohen & Steers Capital Management Inc joint	777,270	$244,521,369	100.0%	Sole

ADAGE CAPITAL PARTNERS GP, L.L.C.

$241,144,560

0.45%

766,536

Kryger Capital LLC

$241,052,385

0.45%

766,243

Verition Fund Management LLC

$238,688,241

0.44%

758,728

CITIGROUP INC

$236,771,758

0.44%

752,636

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citibank, N.A. joint	119	$37,436	0.0%	Defined
Citigroup Financial Products Inc. joint	752,517	$236,734,322	100.0%	Defined

HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC

$228,750,343

0.42%

727,138

LMR Partners LLP

$227,100,947

0.42%

721,895

MARSHALL WACE, LLP

$223,838,964

0.42%

711,526

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	711,526	$223,838,964	100.0%	Other

Symmetry Investments LP

$204,639,536

0.38%

650,496

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Symmetry Investments Jersey Ltd	49,563	$15,592,024	7.6%	Defined
Symmetry Investments UK LLP	567,092	$178,401,472	87.2%	Defined
Symmetry Investments US LLC	33,841	$10,646,040	5.2%	Defined

TUDOR INVESTMENT CORP ET AL

$203,585,345

0.38%

647,145

Swiss National Bank

$199,210,971

0.37%

633,240

Nuveen, LLC

$197,804,437

0.37%

628,769

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	39,689	$12,485,761	6.3%	Defined
TIAA CREF INVESTMENT MANAGEMENT LLC joint	260,793	$82,042,869	41.5%	Defined
TEACHERS ADVISORS, LLC joint	328,287	$103,275,807	52.2%	Defined

Third Point LLC

$188,754,000

0.35%

600,000

CANADA PENSION PLAN INVESTMENT BOARD

$185,203,851

0.34%

588,715

AQR Arbitrage LLC

$181,908,521

0.34%

578,240

ALLIANCEBERNSTEIN L.P.

$181,529,755

0.34%

577,036

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Equitable Holdings, Inc.	577,036	$181,529,755	100.0%	Defined

BANK OF NOVA SCOTIA

$180,954,370

0.34%

575,207

CINCINNATI FINANCIAL CORP

$180,664,947

0.34%

574,287

National Pension Service

$172,412,307

0.32%

548,054

Mitsubishi UFJ Asset Management Co., Ltd.

$170,926,499

0.32%

543,331

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MITSUBISHI UFJ FINANCIAL GROUP INC	543,331	$170,926,499	100.0%	Defined

HSBC HOLDINGS PLC

$162,694,304

0.30%

517,163

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
HSBC Bank USA, N.A.	65,673	$20,660,068	12.7%	Defined
HSBC Global Asset Management (Hong Kong) Ltd	209	$65,749	0.0%	Defined
HSBC Global Asset Management (UK) Ltd	266,809	$83,935,443	51.6%	Defined
HSBC Trinkaus & Burkhardt AG, Germany	2,286	$719,152	0.4%	Defined
Hang Seng Investment Management Ltd	910	$286,276	0.2%	Defined
HSBC BANK PLC	181,276	$57,027,616	35.1%	Defined

Westchester Capital Management, LLC

$162,244,757

0.30%

515,734

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WESTCHESTER CAPITAL PARTNERS, LLC	5,571	$1,752,580	1.1%	Sole
Virtus Investment Advisers, LLC	480,474	$151,152,315	93.2%	Other
Held directly	29,689	$9,339,862	5.8%	Sole

FIL Ltd

$157,660,868

0.29%

501,163

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FIL Investments International	500,751	$157,531,257	99.9%	Defined
Held directly	412	$129,611	0.1%	Defined

Sumitomo Mitsui Trust Group, Inc.

$156,756,736

0.29%

498,289

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Amova Asset Management Co., Ltd.	498,289	$156,756,736	100.0%	Defined

Hudson Bay Capital Management LP

$152,973,791

0.28%

486,264

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Hudson Bay Capital UK LLP	226,311	$71,195,177	46.5%	Defined
Held directly	259,953	$81,778,614	53.5%	Sole

Vanguard Global Advisers, LLC

$152,189,833

0.28%

483,772

VANGUARD ASSET MANAGEMENT, Ltd

$149,775,984

0.28%

476,099

ALPINE ASSOCIATES MANAGEMENT INC.

$145,232,046

0.27%

461,655

Squarepoint Ops LLC

$143,841,873

0.27%

457,236

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Squarepoint Capital LLP	457,236	$143,841,873	100.0%	Defined

SG Americas Securities, LLC

$142,033,609

0.26%

451,488

ROYAL BANK OF CANADA

$141,764,944

0.26%

450,634

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC CMA LTD.	876	$275,580	0.2%	Defined
RBC Capital Markets, LLC	213,964	$67,310,934	47.5%	Defined
RBC Dominion Securities Inc.	24,055	$7,567,462	5.3%	Defined
RBC Private Counsel (USA) Inc.	657	$206,685	0.1%	Defined
ROYAL TRUST CORP OF CANADA/	400	$125,836	0.1%	Defined
RBC Trust Co (Delaware) Ltd	7,433	$2,338,347	1.6%	Defined
CITY NATIONAL BANK	4,649	$1,462,528	1.0%	Defined
RBC Rochdale, LLC	14,278	$4,491,716	3.2%	Defined
RBC Europe Ltd	640	$201,337	0.1%	Defined
BREWIN DOLPHIN WEALTH MANAGEMENT LTD	1,079	$339,442	0.2%	Defined
Held directly	182,603	$57,445,077	40.5%	Sole

DAVENPORT & Co LLC

$140,177,528

0.26%

445,588

California Public Employees Retirement System

$135,923,957

0.25%

432,067

RHUMBLINE ADVISERS

$132,189,145

0.25%

420,195

Laurion Capital Management LP

$120,912,351

0.22%

384,349

Sculptor Capital LP

$115,269,865

0.21%

366,413

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Sculptor Capital II LP joint	366,413	$115,269,865	100.0%	Sole

TWO SIGMA INVESTMENTS, LP

$109,834,379

0.20%

349,135

PNC FINANCIAL SERVICES GROUP, INC.

$109,474,487

0.20%

347,991

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	341,223	$107,345,343	98.1%	Defined
PNC Delaware Trust Company	4,842	$1,523,244	1.4%	Defined
PNC Ohio Trust Company	1,112	$349,824	0.3%	Defined
PNC Wealth Management LLC	814	$256,076	0.2%	Defined

NEUBERGER BERMAN GROUP LLC

$108,117,662

0.20%

343,678

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM

$107,455,764

0.20%

341,574

Aberdeen Group plc

$103,819,732

0.19%

330,016

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
abrdn Inc.	13,762	$4,329,387	4.2%	Defined
abrdn Investment Management Ltd	205,930	$64,783,518	62.4%	Defined
abrdn Investments Ltd	110,324	$34,706,827	33.4%	Defined

RAYMOND JAMES FINANCIAL INC

$103,811,238

0.19%

329,989

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	225,958	$71,084,127	68.5%	Defined
Raymond James Financial Services Advisors, Inc.	88,000	$27,683,920	26.7%	Defined
EAGLE ASSET MANAGEMENT INC	716	$225,246	0.2%	Defined
RAYMOND JAMES TRUST N.A.	15,315	$4,817,945	4.6%	Defined

COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS

$101,288,227

0.19%

321,969

CIBC Bancorp USA Inc.

$101,232,544

0.19%

321,792

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CIBC Private Wealth Advisors, Inc.	33,050	$10,397,199	10.3%	Defined
CIBC National Trust Co	8,795	$2,766,819	2.7%	Defined
CIBC WORLD MARKETS CORP	279,947	$88,068,526	87.0%	Defined

BARCLAYS PLC

$100,720,392

0.19%

320,164

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	179,934	$56,605,437	56.2%	Defined
BARCLAYS CAPITAL INC.	57,657	$18,138,315	18.0%	Defined
BARCLAYS CAPITAL SECURITIES LTD	82,573	$25,976,640	25.8%	Defined

TIG Advisors, LLC

$99,570,251

0.18%

316,508

Rokos Capital Management LLP

$98,992,349

0.18%

314,671

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Rokos Capital Management (US) LP	314,671	$98,992,349	100.0%	Other

Fort Baker Capital Management LP

$98,865,884

0.18%

314,269

BNP PARIBAS ARBITRAGE, SA

$95,384,946

0.18%

303,204

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND

$92,518,402

0.17%

294,092

AMERIPRISE FINANCIAL INC

$90,988,548

0.17%

289,229

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Columbia Management Investment Advisers, LLC	232,241	$73,060,696	80.3%	Defined
Ameriprise Financial Services, LLC joint	49,901	$15,698,354	17.3%	Defined
Ameriprise Bank, FSB	538	$169,249	0.2%	Defined
Columbia Threadneedle Management Ltd	6,549	$2,060,249	2.3%	Defined

Markel Group Inc.

$88,871,675

0.16%

282,500

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Markel-Gayner Asset Management LLC	282,500	$88,871,675	100.0%	Sole

Empyrean Capital Partners, LP

$88,022,282

0.16%

279,800

ING GROEP NV

$87,103,050

0.16%

276,878

Magnetar Financial LLC

$86,579,886

0.16%

275,215

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Magnetar Asset Management LLC	88,379	$27,803,149	32.1%	Sole
Held directly	186,836	$58,776,737	67.9%	Sole

HighTower Advisors, LLC

$85,917,674

0.16%

273,110

LPL Financial LLC

$85,617,870

0.16%

272,157

PRINCIPAL FINANCIAL GROUP INC

$78,358,076

0.15%

249,080

NOMURA HOLDINGS INC

$77,910,099

0.14%

247,656

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NOMURA SECURITIES INTERNATIONAL INC	7,584	$2,385,850	3.1%	Defined
NOMURA INTERNATIONAL PLC	1,350	$424,696	0.5%	Defined
NOMURA GLOBAL FINANCIAL PRODUCTS INC	238,722	$75,099,553	96.4%	Defined

Key facts CIK 702165 CUSIP 655844108 13F (30d) 910 filings 880 filers Visit website Investor relations