Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionBallentine Partners, LLC
Latest Disclosed Ownership5,288 shares
Latest Disclosed Value $ 1,517,656
Ballentine Partners, LLC reports 0.58% decrease in ownership of NSC / Norfolk Southern Corporation

On May 14, 2026 - Ballentine Partners, LLC filed a 13F-HR form disclosing ownership of 5,288 shares of Norfolk Southern Corporation (MX:NSC) valued at $1,517,656 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 3, 2026 disclosing 5,319 shares of Norfolk Southern Corporation. This represents a change in shares of -0.58% 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)
2026-05-14 2026-03-31 13F NORFOLK SOUTHN COM 655844108 5,288 -31 -0.58 1,518 -1.17 0.0148
2026-02-03 2025-12-31 13F NORFOLK SOUTHN COM 655844108 5,319 -59 -1.10 1,536 -4.95 0.0216
2025-11-03 2025-09-30 13F NORFOLK SOUTHN COM 655844108 5,378 10 0.19 1,616 17.54 0.0224
2025-07-15 2025-06-30 13F NORFOLK SOUTHN COM 655844108 5,368 -78 -1.43 1,374 6.59 0.0207
2025-05-01 2025-03-31 13F NORFOLK SOUTHN COM 655844108 5,446 149 2.81 1,290 3.70 0.0224
2025-01-16 2024-12-31 13F NORFOLK SOUTHN COM 655844108 5,297 21 0.40 1,243 -5.19 0.0213
2024-10-23 2024-09-30 13F NORFOLK SOUTHN COM 655844108 5,276 207 4.08 1,311 20.50 0.0224
2024-08-06 2024-06-30 13F NORFOLK SOUTHN COM 655844108 5,069 -277 -5.18 1,088 -20.12 0.0201
2024-04-11 2024-03-31 13F NORFOLK SOUTHN COM 655844108 5,346 513 10.61 1,363 19.26 0.0259
2024-01-23 2023-12-31 13F NORFOLK SOUTHN COM 655844108 4,833 1,791 58.88 1,142 90.65 0.0233
2023-10-19 2023-09-30 13F NORFOLK SOUTHN COM 655844108 3,042 -1,590 -34.33 599 -42.95 0.0141
2023-07-26 2023-06-30 13F NORFOLK SOUTHN COM 655844108 4,632 1,796 63.33 1,050 74.71 0.0241
2023-04-27 2023-03-31 13F NORFOLK SOUTHN COM 655844108 2,836 -418 -12.85 601 -24.97 0.0151
2023-01-27 2022-12-31 13F NORFOLK SOUTHN COM 655844108 3,254 -52 -1.57 802 15.58 0.0238
2022-10-26 2022-09-30 13F NORFOLK SOUTHN COM 655844108 3,306 421 14.59 693 5.64 0.0240
2022-08-09 2022-06-30 13F NORFOLK SOUTHN COM 655844108 2,885 1,923 199.90 656 128.57 0.0232
2022-02-14 2021-12-31 13F NORFOLK SOUTHN COM 655844108 962 127 15.21 287 43.50 0.0086
2021-10-27 2021-09-30 13F NORFOLK SOUTHN COM 655844108 835 12 1.46 200 -8.68 0.0068
2021-08-12 2021-06-30 13F NORFOLK SOUTHN COM 655844108 823 12 1.48 219 0.46 0.0076
2021-05-11 2021-03-31 13F NORFOLK SOUTHN COM 655844108 811 -97 -10.68 218 0.93 0.0081
2021-01-25 2020-12-31 13F NORFOLK SOUTHN COM 655844108 908 908 216 0.0086
2020-04-22 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 0 -1,037 -100.00 0 -100.00
2020-01-22 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 1,037 -300 -22.44 201 -16.25 0.0091
2019-10-21 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 1,337 -1,614 -54.69 240 -59.18 0.0113
2019-07-25 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 2,951 103 3.62 588 10.53 0.0282
2019-05-09 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 2,848 40 1.42 532 26.67 0.0277
2019-02-04 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 2,808 -20 -0.71 420 -17.65 0.0242
2018-10-30 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 2,828 -24 -0.84 510 18.60 0.0266
2018-07-19 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 2,852 16 0.56 430 11.69 0.0238
2018-04-26 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 2,836 115 4.23 385 -2.28 0.0216
2018-02-02 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 2,721 102 3.89 394 13.54 0.0215
2017-11-06 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 2,619 -107 -3.93 347 7.43 0.0192
2017-08-03 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 2,726 -120 -4.22 323 1.57 0.0236
2017-05-30 2017-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 2,846 2,846 318 0.0226
2017-05-15 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 2,846 2,846 318 0.0227
2016-11-01 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 0 -2,840 -100.00 0 -100.00
2016-08-03 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 2,840 -65 -2.24 241 0.00 0.0203
2016-05-09 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 2,905 2,905 241 0.0212
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.