Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionEarnest Partners Llc
Latest Disclosed Ownership9,777 shares
Latest Disclosed Value $ 2,805,999
Earnest Partners Llc reports 61.40% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - Earnest Partners Llc filed a 13F-HR form disclosing ownership of 9,777 shares of Norfolk Southern Corporation (MX:NSC) valued at $2,805,999 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 25,331 shares of Norfolk Southern Corporation. This represents a change in shares of -61.40% 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 SOUTHN COM 655844108 9,777 -15,554 -61.40 2,806 -61.64 0.0116
2026-02-12 2025-12-31 13F NORFOLK SOUTHN COM 655844108 25,331 -6,207 -19.68 7,314 -22.81 0.0313
2025-11-14 2025-09-30 13F NORFOLK SOUTHN COM 655844108 31,538 -462 -1.44 9,474 15.66 0.0411
2025-08-15 2025-06-30 13F NORFOLK SOUTHN COM 655844108 32,000 -2,139 -6.27 8,191 1.31 0.0369
2025-05-14 2025-03-31 13F NORFOLK SOUTHN COM 655844108 34,139 -3 -0.01 8,086 0.90 0.0387
2025-02-14 2024-12-31 13F NORFOLK SOUTHN COM 655844108 34,142 -6,558 -16.11 8,013 -20.77 0.0358
2024-11-14 2024-09-30 13F NORFOLK SOUTHN COM 655844108 40,700 -42 -0.10 10,114 15.63 0.0440
2024-08-14 2024-06-30 13F NORFOLK SOUTHN COM 655844108 40,742 -136 -0.33 8,747 -16.05 0.0409
2024-05-15 2024-03-31 13F NORFOLK SOUTHN COM 655844108 40,878 -40,350 -49.67 10,419 -45.74 0.0477
2024-02-14 2023-12-31 13F NORFOLK SOUTHN COM 655844108 81,228 -235 -0.29 19,201 19.69 0.0959
2023-11-14 2023-09-30 13F NORFOLK SOUTHN COM 655844108 81,463 -3,183 -3.76 16,043 -16.42 0.0925
2023-08-07 2023-06-30 13F NORFOLK SOUTHERN COM 655844108 84,646 6,800 8.74 19,194 16.31 0.1073
2023-05-15 2023-03-31 13F NORFOLK SOUTHERN COM 655844108 77,846 0 0.00 16,503 -13.97 0.0954
2023-02-14 2022-12-31 13F NORFOLK SOUTHERN COM 655844108 77,846 1,641 2.15 19,183 20.07 0.1176
2022-11-14 2022-09-30 13F NORFOLK SOUTHERN COM 655844108 76,205 2,747 3.74 15,976 -4.31 0.1073
2022-08-12 2022-06-30 13F NORFOLK SOUTHERN COM 655844108 73,458 1,887 2.64 16,696 -18.21 0.1112
2022-05-16 2022-03-31 13F NORFOLK SOUTHERN COM 655844108 71,571 3,330 4.88 20,413 0.48 0.1209
2022-02-07 2021-12-31 13F NORFOLK SOUTHERN COM 655844108 68,241 -4,398 -6.05 20,316 16.90 0.1172
2021-11-15 2021-09-30 13F NORFOLK SOUTHERN COM 655844108 72,639 -4,386 -5.69 17,379 -14.99 0.1062
2021-08-16 2021-06-30 13F NORFOLK SOUTHERN COM 655844108 77,025 -3,784 -4.68 20,443 -5.79 0.1201
2021-05-17 2021-03-31 13F NORFOLK SOUTHERN COM 655844108 80,809 -8,887 -9.91 21,699 1.81 0.1296
2021-02-16 2020-12-31 13F NORFOLK SOUTHERN COM 655844108 89,696 -38,299 -29.92 21,313 -22.19 0.1472
2020-11-16 2020-09-30 13F NORFOLK SOUTHERN COM 655844108 127,995 18,130 16.50 27,390 42.00 0.2363
2020-08-13 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 109,865 -20,608 -15.79 19,289 1.26 0.1822
2020-05-14 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 130,473 -16,921 -11.48 19,049 -33.43 0.2146
2020-02-07 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 147,394 -2,262 -1.51 28,614 6.42 0.2249
2019-11-14 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 149,656 -8,783 -5.54 26,887 -14.87 0.2429
2019-08-13 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 158,439 -6,740 -4.08 31,582 2.31 0.2854
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 165,179 -9 -0.01 30,870 24.97 0.2949
2019-02-14 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 165,188 52 0.03 24,702 -17.13 0.2690
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 165,136 -2,456 -1.47 29,807 17.88 0.2670
2018-08-13 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 167,592 37 0.02 25,285 11.14 0.2365
2018-05-15 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 167,555 4,949 3.04 22,751 -3.44 0.2152
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 162,606 -7,747 -4.55 23,562 4.59 0.2256
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 170,353 -10,433 -5.77 22,527 2.39 0.2244
2017-08-14 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 180,786 2,271 1.27 22,002 10.08 0.2311
2017-05-15 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 178,515 -35,201 -16.47 19,988 -13.46 0.2132
2017-02-14 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 213,716 -45,381 -17.52 23,096 -8.16 0.2522
2016-11-14 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 259,097 -9,901 -3.68 25,148 9.82 0.2638
2016-08-15 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 268,998 -9,501 -3.41 22,900 -1.23 0.2485
2016-05-16 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 278,499 -49,284 -15.04 23,185 -16.38 0.2430
2016-02-16 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 327,783 -349 -0.11 27,727 10.60 0.2828
2015-11-16 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 328,132 17,085 5.49 25,069 -7.74 0.2463
2015-08-14 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 311,047 -30,659 -8.97 27,173 -22.73 0.2373
2015-05-15 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 341,706 -1,419 -0.41 35,168 -6.49 0.3027
2015-02-17 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 343,125 -4,793 -1.38 37,610 -3.14 0.3087
2014-11-14 2014-09-30 13F Norfolk Southern COM 655844108 347,918 -2,977 -0.85 38,828 7.40 0.3246
2014-08-14 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 350,895 -1,379 -0.39 36,153 5.62 0.2878
2014-05-15 2014-03-31 13F Norfolk Southern COM 655844108 352,274 3,537 1.01 34,230 5.74 0.2746
2014-02-14 2013-12-31 13F Norfolk Southern COM 655844108 348,737 348,737 32,373 0.2596
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.