Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionCarret Asset Management, Llc
Latest Disclosed Ownership4,465 shares
Latest Disclosed Value $ 1,281,378
Carret Asset Management, Llc reports 0.20% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - Carret Asset Management, Llc filed a 13F-HR form disclosing ownership of 4,465 shares of Norfolk Southern Corporation (MX:NSC) valued at $1,281,378 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 4,474 shares of Norfolk Southern Corporation. This represents a change in shares of -0.20% 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)
2026-05-15 2026-03-31 13F NORFOLK SOUTHERN COM 655844108 4,465 -9 -0.20 1,281 -0.77 0.1254
2026-02-17 2025-12-31 13F NORFOLK SOUTHERN COM 655844108 4,474 0 0.00 1,292 -3.94 0.1226
2025-11-13 2025-09-30 13F NORFOLK SOUTHERN COM 655844108 4,474 0 0.00 1,344 17.38 0.1308
2025-08-04 2025-06-30 13F NORFOLK SOUTHERN COM 655844108 4,474 -175 -3.76 1,145 4.00 0.1224
2025-04-22 2025-03-31 13F NORFOLK SOUTHERN COM 655844108 4,649 1 0.02 1,101 1.01 0.1244
2025-02-10 2024-12-31 13F NORFOLK SOUTHERN COM 655844108 4,648 0 0.00 1,091 -5.63 0.1195
2024-10-24 2024-09-30 13F NORFOLK SOUTHERN COM 655844108 4,648 0 0.00 1,155 15.85 0.1253
2024-08-01 2024-06-30 13F NORFOLK SOUTHERN COM 655844108 4,648 1 0.02 998 -15.79 0.1165
2024-04-19 2024-03-31 13F NORFOLK SOUTHERN COM 655844108 4,647 -5 -0.11 1,184 7.73 0.1395
2024-02-02 2023-12-31 13F NORFOLK SOUTHERN COM 655844108 4,652 0 0.00 1,100 19.98 0.1401
2023-10-12 2023-09-30 13F NORFOLK SOUTHERN COM 655844108 4,652 0 0.00 916 -13.09 0.1277
2023-07-25 2023-06-30 13F NORFOLK SOUTHERN COM 655844108 4,652 -49 -1.04 1,055 5.72 0.1398
2023-05-11 2023-03-31 13F NORFOLK SOUTHERN COM 655844108 4,701 -400 -7.84 997 99,600.00 0.1385
2023-01-10 2022-12-31 13F NORFOLK SOUTHERN COM 655844108 5,101 -41 -0.80 1 -99.91 0.1737
2022-11-14 2022-09-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 5,142 -25 -0.48 1,078 -8.18 0.1608
2022-10-11 2022-09-30 13F NORFOLK SOUTHERN COM 655844108 5,142 -25 1,078 0.1608
2022-08-04 2022-06-30 13F NORFOLK SOUTHERN COM 655844108 5,167 16 0.31 1,174 -20.08 0.1628
2022-04-13 2022-03-31 13F NORFOLK SOUTHERN COM 655844108 5,151 0 0.00 1,469 -4.24 0.1682
2022-01-10 2021-12-31 13F NORFOLK SOUTHERN COM 655844108 5,151 0 0.00 1,534 24.51 0.1698
2021-10-27 2021-09-30 13F NORFOLK SOUTHERN COM 655844108 5,151 0 0.00 1,232 -9.88 0.1470
2021-07-14 2021-06-30 13F NORFOLK SOUTHERN COM 655844108 5,151 -99 -1.89 1,367 -3.05 0.1600
2021-07-14 2021-03-31 13F NORFOLK SOUTHERN COM 655844108 5,250 0 0.00 1,410 12.98 0.1749
2021-03-16 2020-12-31 13F NORFOLK SOUTHERN COM 655844108 5,250 55 1.06 1,248 12.23 0.1680
2020-11-16 2020-09-30 13F NORFOLK SOUTHERN COM 655844108 5,195 -450 -7.97 1,112 12.21 0.1681
2020-08-12 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 5,645 0 0.00 991 20.27 0.1607
2020-05-18 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 5,645 -300 -5.05 824 -28.60 0.1582
2020-02-13 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 5,945 0 0.00 1,154 8.05 0.1683
2019-11-13 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 5,945 0 0.00 1,068 -9.87 0.1695
2019-08-12 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 5,945 0 0.00 1,185 6.66 0.1883
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 5,945 0 0.00 1,111 24.97 0.1812
2019-02-13 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 5,945 0 0.00 889 -17.15 0.1601
2018-11-13 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 5,945 0 0.00 1,073 19.62 0.1652
2018-08-08 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 5,945 0 0.00 897 11.15 0.1466
2018-05-14 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 5,945 0 0.00 807 -6.27 0.1328
2018-02-13 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 5,945 -550 -8.47 861 0.23 0.1339
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 6,495 -520 -7.41 859 0.59 0.1387
2017-08-15 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 7,015 0 0.00 854 8.79 0.1433
2017-05-08 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 7,015 180 2.63 785 6.22 0.1409
2017-02-16 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 6,835 1,400 25.76 739 39.96 0.1400
2016-11-10 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 5,435 0 0.00 528 14.04 0.0988
2016-08-10 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 5,435 0 0.00 463 2.43 0.0895
2016-05-17 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 5,435 -1,050 -16.19 452 -17.67 0.0959
2016-02-05 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 6,485 -2,400 -27.01 549 -19.15 0.1172
2015-11-16 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 8,885 -975 -9.89 679 -21.14 0.1481
2015-08-12 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 9,860 -2,150 -17.90 861 -30.34 0.1711
2015-05-11 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 12,010 -455 -3.65 1,236 -9.52 0.2402
2015-02-19 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 12,465 -435 -3.37 1,366 -5.14 0.2585
2014-11-12 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 12,900 -225 -1.71 1,440 6.51 0.2795
2014-08-14 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 13,125 -400 -2.96 1,352 2.89 0.2588
2014-05-15 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 13,525 200 1.50 1,314 6.22 0.2623
2014-02-14 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 13,325 800 6.39 1,237 27.66 0.2527
2013-11-14 2013-09-30 13F NORFOLK SOUTHERN COM 655844108 12,525 1,220 10.79 969 18.03 0.2150
2013-08-15 2013-06-30 13F NORFOLK SOUTHERN COM 655844108 11,305 11,305 821 0.1706
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.