Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionARS Investment Partners, LLC
Latest Disclosed Ownership1,474 shares
Latest Disclosed Value $ 423,038
ARS Investment Partners, LLC reports 14.99% decrease in ownership of NSC / Norfolk Southern Corporation

On April 16, 2026 - ARS Investment Partners, LLC filed a 13F-HR form disclosing ownership of 1,474 shares of Norfolk Southern Corporation (MX:NSC) valued at $423,038 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 1,734 shares of Norfolk Southern Corporation. This represents a change in shares of -14.99% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-16 2026-03-31 13F NORFOLK SOUTHN COM 655844108 1,474 -260 -14.99 423 -15.40 0.0220
2026-02-05 2025-12-31 13F NORFOLK SOUTHN COM 655844108 1,734 0 0.00 501 -3.85 0.0293
2025-10-15 2025-09-30 13F NORFOLK SOUTHN COM 655844108 1,734 0 0.00 521 17.38 0.0344
2025-08-11 2025-06-30 13F NORFOLK SOUTHN COM 655844108 1,734 0 0.00 444 9.11 0.0324
2025-05-14 2025-03-31 13F NORFOLK SOUTHN COM 655844108 1,734 0 0.00 407 0.00 0.0368
2025-01-16 2024-12-31 13F NORFOLK SOUTHN COM 655844108 1,734 0 0.00 407 -5.58 0.0367
2024-10-16 2024-09-30 13F NORFOLK SOUTHN COM 655844108 1,734 -105 -5.71 431 9.14 0.0386
2024-07-17 2024-06-30 13F NORFOLK SOUTHN COM 655844108 1,839 0 0.00 395 -15.81 0.0378
2024-05-02 2024-03-31 13F NORFOLK SOUTHN COM 655844108 1,839 0 0.00 469 7.83 0.0467
2024-02-14 2023-12-31 13F NORFOLK SOUTHN COM 655844108 1,839 -90 -4.67 435 14.51 0.0482
2023-11-13 2023-09-30 13F NORFOLK SOUTHN COM 655844108 1,929 0 0.00 380 -13.27 0.0471
2023-07-11 2023-06-30 13F NORFOLK SOUTHN COM 655844108 1,929 0 0.00 437 7.11 0.0511
2023-04-05 2023-03-31 13F NORFOLK SOUTHN COM 655844108 1,929 0 0.00 409 -14.11 0.0491
2023-01-25 2022-12-31 13F NORFOLK SOUTHN COM 655844108 1,929 -81 -4.03 475 12.83 0.0632
2022-10-07 2022-09-30 13F NORFOLK SOUTHN COM 655844108 2,010 -1 -0.05 421 -7.88 0.0579
2022-07-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 2,011 232 13.04 457 -9.86 0.0624
2022-05-16 2022-03-31 13F NORFOLK SOUTHN COM 655844108 1,779 -150 -7.78 507 -11.67 0.0489
2022-02-11 2021-12-31 13F NORFOLK SOUTHN COM 655844108 1,929 100 5.47 574 31.05 0.0527
2021-11-05 2021-09-30 13F NORFOLK SOUTHN COM 655844108 1,829 0 0.00 438 -9.69 0.0438
2021-08-06 2021-06-30 13F NORFOLK SOUTHN COM 655844108 1,829 0 0.00 485 -1.22 0.0494
2021-05-13 2021-03-31 13F NORFOLK SOUTHN COM 655844108 1,829 -700 -27.68 491 -18.30 0.0570
2021-02-09 2020-12-31 13F NORFOLK SOUTHN COM 655844108 2,529 0 0.00 601 11.09 0.0740
2020-11-12 2020-09-30 13F NORFOLK SOUTHN COM 655844108 2,529 0 0.00 541 21.85 0.0850
2020-08-13 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 2,529 -6,006 -70.37 444 -64.37 0.0836
2020-05-12 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 8,535 -129 -1.49 1,246 -25.92 0.3008
2020-02-12 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 8,664 45 0.52 1,682 8.66 0.2827
2019-11-14 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 8,619 -1,941 -18.38 1,548 -26.46 0.2781
2019-08-12 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 10,560 68 0.65 2,105 7.34 0.3538
2019-05-09 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 10,492 -3,434 -24.66 1,961 -5.81 0.3549
2019-02-13 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 13,926 -2,878 -17.13 2,082 -31.36 0.4406
2018-11-13 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 16,804 432 2.64 3,033 22.79 0.4698
2018-11-13 2018-06-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 16,372 700 4.47 2,470 16.07 0.3942
2018-08-13 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 16,372 700 2,470
2018-05-04 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 15,672 739 4.95 2,128 -1.66 0.2606
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 14,933 -134 -0.89 2,164 8.63 0.2617
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 15,067 -8,948 -37.26 1,992 -31.85 0.2566
2017-08-04 2017-06-30 13F NORFOLK SOUTHERN CS 655844108 24,015 -1,301 -5.14 2,923 3.10 0.4038
2017-05-10 2017-03-31 13F NORFOLK SOUTHERN CS 655844108 25,316 -738 -2.83 2,835 0.67 0.4120
2017-02-15 2016-12-31 13F NORFOLK SOUTHERN CS 655844108 26,054 -1,729 -6.22 2,816 4.41 0.4335
2016-11-09 2016-09-30 13F Norfolk Southern COM 655844108 27,783 2,819 11.29 2,697 26.92 0.5912
2016-08-10 2016-06-30 13F Norfolk Southern COM 655844108 24,964 4,621 22.72 2,125 25.44 0.4760
2016-05-11 2016-03-31 13F Norfolk Southern COM 655844108 20,343 15,663 334.68 1,694 327.78 0.3970
2016-02-16 2015-12-31 13F Norfolk Southern COM 655844108 4,680 -455 -8.86 396 1.02 0.0930
2015-11-13 2015-09-30 13F Norfolk Southern COM 655844108 5,135 1,000 24.18 392 8.59 0.0898
2015-08-11 2015-06-30 13F Norfolk Southern COM 655844108 4,135 -4,960 -54.54 361 -61.43 0.0660
2015-05-13 2015-03-31 13F Norfolk Southern COM 655844108 9,095 -76,425 -89.37 936 -90.01 0.1739
2015-02-13 2014-12-31 13F Norfolk Southern COM 655844108 85,520 -2,655 -3.01 9,374 -4.74 1.5937
2014-11-12 2014-09-30 13F Norfolk Southern COM 655844108 88,175 2,755 3.23 9,840 11.81 1.4992
2014-07-30 2014-06-30 13F Norfolk Southern COM 655844108 85,420 -2,284 -2.60 8,801 3.27 1.3627
2014-05-13 2014-03-31 13F Norfolk Southern COM 655844108 87,704 -5,608 -6.01 8,522 -1.62 1.5025
2014-02-11 2013-12-31 13F Norfolk Southern COM 655844108 93,312 -18,407 -16.48 8,662 0.24 1.4543
2013-11-08 2013-09-30 13F Norfolk Southern COM 655844108 111,719 -2,140 -1.88 8,641 4.46 1.4731
2013-08-14 2013-06-30 13F Norfolk Southern COM 655844108 113,859 113,859 8,272 1.4541
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.