Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionCurbstone Financial Management Corp
Latest Disclosed Ownership2,664 shares
Latest Disclosed Value $ 764,568
Curbstone Financial Management Corp reports 1.14% increase in ownership of NSC / Norfolk Southern Corporation

On April 15, 2026 - Curbstone Financial Management Corp filed a 13F-HR form disclosing ownership of 2,664 shares of Norfolk Southern Corporation (MX:NSC) valued at $764,568 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 2,634 shares of Norfolk Southern Corporation. This represents a change in shares of 1.14% 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)
2026-04-15 2026-03-31 13F Norfolk Southern COM 655844108 2,664 30 1.14 765 0.53 0.1463
2026-01-23 2025-12-31 13F Norfolk Southern COM 655844108 2,634 70 2.73 760 -1.30 0.1455
2025-10-15 2025-09-30 13F Norfolk Southern COM 655844108 2,564 -50 -1.91 770 15.10 0.1481
2025-07-29 2025-06-30 13F Norfolk Southern COM 655844108 2,614 -18 -0.68 669 7.38 0.1373
2025-04-15 2025-03-31 13F Norfolk Southern COM 655844108 2,632 200 8.22 623 9.30 0.1314
2025-01-22 2024-12-31 13F Norfolk Southern Cop COM 655844108 2,432 -50 -2.01 571 -7.47 0.1209
2024-10-03 2024-09-30 13F Norfolk Southern Cop COM 655844108 2,482 204 8.96 617 25.97 0.1319
2024-07-03 2024-06-30 13F Norfolk Southern Cop COM 655844108 2,278 0 0.00 489 -15.69 0.1062
2024-04-09 2024-03-31 13F Norfolk Southern Cop COM 655844108 2,278 0 0.00 581 7.81 0.1254
2024-01-08 2023-12-31 13F Norfolk Southern Cop COM 655844108 2,278 0 0.00 538 20.09 0.1222
2023-10-10 2023-09-30 13F Norfolk Southern Cop COM 655844108 2,278 -50 -2.15 449 -14.99 0.1110
2023-07-05 2023-06-30 13F Norfolk Southern Cop COM 655844108 2,328 0 0.00 528 6.90 0.1258
2023-05-12 2023-03-31 13F Norfolk Southern Cop COM 655844108 2,328 0 0.00 494 0.1201
2023-01-19 2022-12-31 13F Norfolk Southern Cop COM 655844108 2,328 0 0.00 1 -100.00 0.1436
2022-10-05 2022-09-30 13F Norfolk Southern Cop COM 655844108 2,328 42 1.84 488 -6.15 0.1213
2022-08-04 2022-06-30 13F Norfolk Southern Cop COM 655844108 2,286 136 6.33 520 -15.17 0.1210
2022-04-18 2022-03-31 13F Norfolk Southern Cop COM 655844108 2,150 0 0.00 613 -4.22 0.1131
2022-01-19 2021-12-31 13F Norfolk Southern Cop COM 655844108 2,150 -50 -2.27 640 21.67 0.1132
2021-10-06 2021-09-30 13F Norfolk Southern Cop COM 655844108 2,200 0 0.00 526 -9.93 0.0992
2021-07-09 2021-06-30 13F Norfolk Southern Cop COM 655844108 2,200 -150 -6.38 584 -7.45 0.1097
2021-04-05 2021-03-31 13F Norfolk Southern Cop COM 655844108 2,350 0 0.00 631 13.08 0.1259
2021-01-14 2020-12-31 13F Norfolk Southern Cop COM 655844108 2,350 -100 -4.08 558 6.49 0.1165
2020-10-02 2020-09-30 13F Norfolk Southern Cop COM 655844108 2,450 0 0.00 524 21.86 0.1253
2020-07-10 2020-06-30 13F Norfolk Southern Cop COM 655844108 2,450 2,450 430 0.1114
2020-04-20 2020-03-31 13F Norfolk Southern Cop COM 655844108 0 -2,500 -100.00 0 -100.00
2020-01-10 2019-12-31 13F Norfolk Southern Cop COM 655844108 2,500 0 0.00 485 8.02 0.1155
2019-10-18 2019-09-30 13F Norfolk Southern Cop COM 655844108 2,500 -100 -3.85 449 -13.32 0.1153
2019-07-09 2019-06-30 13F Norfolk Southern Cop COM 655844108 2,600 -100 -3.70 518 2.57 0.1361
2019-04-10 2019-03-31 13F Norfolk Southern Cop COM 655844108 2,700 -100 -3.57 505 20.53 0.1374
2019-01-09 2018-12-31 13F/A-1 Norfolk Southern Cop COM 655844108 2,800 0 0.00 419 -17.03 0.1254
2019-01-08 2018-12-31 13F Norfolk Southern Cop COM 655844108 3,250 450 490
2018-10-10 2018-09-30 13F Norfolk Southern Cop COM 655844108 2,800 -450 -13.85 505 3.06 0.1320
2018-07-06 2018-06-30 13F Norfolk Southern Cop COM 655844108 3,250 -244 -6.98 490 3.38 0.1354
2018-04-10 2018-03-31 13F Norfolk Southern Cop COM 655844108 3,494 1,697 94.44 474 82.31 0.1341
2018-01-08 2017-12-31 13F Norfolk Southern Cop COM 655844108 1,797 -6,501 -78.34 260 -76.30 0.1436
2017-10-03 2017-09-30 13F Norfolk Southern Cop COM 655844108 8,298 4,271 106.06 1,097 123.88 0.3176
2017-07-07 2017-06-30 13F Norfolk Southern Cop COM 655844108 4,027 -777 -16.17 490 -8.92 0.2945
2017-04-05 2017-03-31 13F Norfolk Southern Cop COM 655844108 4,804 -375 -7.24 538 -3.93 0.3298
2017-01-10 2016-12-31 13F Norfolk Southern Cop COM 655844108 5,179 -5,529 -51.63 560 -46.10 0.3530
2016-10-05 2016-09-30 13F Norfolk Southern Cop COM 655844108 10,708 10,708 1,039 0.3332
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.