Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionCibc World Markets Corp
Latest Disclosed Ownership31,214 shares
Latest Disclosed Value $ 9,012,106
Cibc World Markets Corp reports 9.89% increase in ownership of NSC / Norfolk Southern Corporation

On February 12, 2026 - Cibc World Markets Corp filed a 13F-HR form disclosing ownership of 31,214 shares of Norfolk Southern Corporation (MX:NSC) valued at $9,012,106 USD as of December 31, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 28,404 shares of Norfolk Southern Corporation. This represents a change in shares of 9.89% 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)
2026-02-12 2025-12-31 13F NORFOLK SOUTHN COM 655844108 31,214 2,810 9.89 9,012 23.96 0.0434
2025-08-14 2025-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 28,404 1,101 4.03 7,271 12.43 0.0456
2025-05-13 2025-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 27,303 -8,386 -23.50 6,467 -22.80 0.0509
2025-02-10 2024-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 35,689 5,035 16.43 8,376 9.96 0.0491
2024-11-13 2024-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 30,654 1,539 5.29 7,618 21.87 0.0549
2024-08-12 2024-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 29,115 6,461 28.52 6,251 8.26 0.0409
2024-05-13 2024-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,654 -6,476 -22.23 5,774 -16.15 0.0379
2024-02-13 2023-12-31 13F NORFOLK SOUTHN CORP COM COM 655844108 29,130 16,600 132.48 6,886 179.08 0.0375
2023-11-13 2023-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 12,530 -14,153 -53.04 2,468 -59.22 0.0242
2023-08-04 2023-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 26,683 15,164 131.64 6,051 147.75 0.0491
2023-05-11 2023-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 11,519 -15,699 -57.68 2,442 -63.59 0.0399
2023-02-09 2022-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 27,218 23,654 663.69 6,707 797.86 0.0451
2022-11-14 2022-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 3,564 -13,074 -78.58 747 -80.25 0.0104
2022-08-12 2022-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 16,638 2,064 14.16 3,782 -9.02 0.0355
2022-05-13 2022-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 14,574 5,900 68.02 4,157 61.00 0.0325
2022-02-11 2021-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 8,674 -5,248 -37.70 2,582 -22.49 0.0137
2021-11-12 2021-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 13,922 -3,453 -19.87 3,331 -27.76 0.0226
2021-08-10 2021-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 17,375 -6,638 -27.64 4,611 -28.49 0.0321
2021-05-07 2021-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 24,013 -22,786 -48.69 6,448 -42.01 0.0402
2021-02-12 2020-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 46,799 -54,520 -53.81 11,120 -48.71 0.0559
2020-11-12 2020-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 101,319 3,207 3.27 21,681 25.86 0.2112
2020-08-12 2020-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 98,112 79,029 414.13 17,226 518.31 0.1848
2020-05-12 2020-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 19,083 -144,553 -88.34 2,786 -91.23 0.0356
2020-02-13 2019-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 163,636 95,135 138.88 31,767 158.12 0.2059
2019-11-12 2019-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 68,501 -28,794 -29.59 12,307 -36.54 0.1148
2019-08-13 2019-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 97,295 52,452 116.97 19,394 131.40 0.1494
2019-05-14 2019-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 44,843 -102,661 -69.60 8,381 -62.00 0.0686
2019-02-13 2018-12-31 13F/A-1 NORFOLK SOUTHERN CORP COM COM 655844108 147,504 59,819 68.22 22,058 39.37 0.2053
2019-02-13 2018-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 147,504 59,819 22,058
2018-11-13 2018-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 87,685 15,627 21.69 15,827 45.59 0.1349
2018-08-13 2018-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 72,058 35,222 95.62 10,871 117.33 0.0938
2018-05-11 2018-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 36,836 -21,008 -36.32 5,002 -40.32 0.0532
2018-02-13 2017-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 57,844 15,860 37.78 8,382 50.97 0.0602
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 41,984 -53,458 -56.01 5,552 -52.20 0.0533
2017-08-11 2017-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 95,442 10,607 12.50 11,615 22.28 0.1229
2017-05-10 2017-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 84,835 64,820 323.86 9,499 339.16 0.0772
2017-02-13 2016-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 20,015 20,015 2,163 0.0221
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.