Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionFisher Asset Management, LLC
Latest Disclosed Ownership1,155,414 shares
Latest Disclosed Value $ 331,604,231
Fisher Asset Management, LLC reports 1.26% increase in ownership of NSC / Norfolk Southern Corporation

On May 5, 2026 - Fisher Asset Management, LLC filed a 13F-HR form disclosing ownership of 1,155,414 shares of Norfolk Southern Corporation (MX:NSC) valued at $331,604,231 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 1,140,990 shares of Norfolk Southern Corporation. This represents a change in shares of 1.26% 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)
2026-05-05 2026-03-31 13F NORFOLK SOUTHN COM 655844108 1,155,414 14,424 1.26 331,604 0.66 0.1124
2026-02-09 2025-12-31 13F NORFOLK SOUTHN COM 655844108 1,140,990 7,361 0.65 329,427 -3.27 0.1124
2025-11-12 2025-09-30 13F NORFOLK SOUTHN COM 655844108 1,133,629 79,049 7.50 340,554 26.16 0.1233
2025-08-13 2025-06-30 13F NORFOLK SOUTHN COM 655844108 1,054,580 72,097 7.34 269,941 16.00 0.1072
2025-05-14 2025-03-31 13F NORFOLK SOUTHN COM 655844108 982,483 8,219 0.84 232,701 1.77 0.1007
2025-02-05 2024-12-31 13F NORFOLK SOUTHN COM 655844108 974,264 10,448 1.08 228,660 -4.53 0.0910
2024-11-12 2024-09-30 13F NORFOLK SOUTHN COM 655844108 963,816 15,577 1.64 239,508 17.65 0.0981
2024-08-14 2024-06-30 13F NORFOLK SOUTHN COM 655844108 948,239 29,048 3.16 203,577 -13.10 0.0886
2024-05-09 2024-03-31 13F NORFOLK SOUTHN COM 655844108 919,191 77,980 9.27 234,274 17.82 0.1094
2024-03-05 2023-12-31 13F/A-1 NORFOLK SOUTHN COM 655844108 841,211 15,964 1.93 198,846 22.35 0.1051
2024-02-06 2023-12-31 13F NORFOLK SOUTHN COM 655844108 833,075 7,828 196,922 0.0970
2023-11-13 2023-09-30 13F NORFOLK SOUTHN COM 655844108 825,247 -8,317 -1.00 162,516 -14.02 0.0922
2023-12-12 2023-06-30 13F/A-1 NORFOLK SOUTHN COM 655844108 833,564 24,910 3.08 189,019 10.26 0.1045
2023-08-08 2023-06-30 13F NORFOLK SOUTHN COM 655844108 833,700 25,046 189 0.1045
2023-12-12 2023-03-31 13F/A-1 NORFOLK SOUTHN COM 655844108 808,654 14,713 1.85 171,435 87,814.87 0.1041
2023-05-01 2023-03-31 13F NORFOLK SOUTHN COM 655844108 807,044 13,103 171 0.1036
2023-02-03 2022-12-31 13F NORFOLK SOUTHN COM 655844108 793,941 31,164 4.09 196 -99.88 0.1323
2022-11-08 2022-09-30 13F NORFOLK SOUTHERN COM 655844108 762,777 10,828 1.44 159,916 -6.43 0.1199
2022-08-09 2022-06-30 13F NORFOLK SOUTHERN COM 655844108 751,949 16,565 2.25 170,911 -18.52 0.1210
2022-05-05 2022-03-31 13F NORFOLK SOUTHERN COM 655844108 735,384 25,060 3.53 209,746 -0.82 0.1237
2022-02-02 2021-12-31 13F NORFOLK SOUTHERN COM 655844108 710,324 73,490 11.54 211,471 38.79 0.1184
2021-10-26 2021-09-30 13F NORFOLK SOUTHERN COM 655844108 636,834 9,137 1.46 152,363 -8.54 0.0946
2021-07-27 2021-06-30 13F NORFOLK SOUTHERN COM 655844108 627,697 10,284 1.67 166,597 0.49 0.1046
2021-04-27 2021-03-31 13F NORFOLK SOUTHERN COM 655844108 617,413 44,930 7.85 165,788 21.88 0.1168
2021-01-29 2020-12-31 13F NORFOLK SOUTHERN COM 655844108 572,483 10,712 1.91 136,028 13.15 0.1019
2020-11-12 2020-09-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 561,771 10,972 1.99 120,214 24.31 0.1052
2020-11-10 2020-09-30 13F NORFOLK SOUTHERN COM 655844108 561,771 10,972 120,214 102,082.4197
2020-08-07 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 550,799 85,382 18.35 96,704 42.31 0.0944
2020-04-28 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 465,417 86,676 22.89 67,951 -7.58 0.0843
2020-02-12 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 378,741 29,878 8.56 73,525 17.31 0.0743
2019-10-29 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 348,863 342,418 5,312.92 62,677 4,777.59 0.0688
2019-07-30 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 6,445 141 2.24 1,285 9.08 0.0014
2019-04-22 2019-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 6,304 97 1.56 1,178 26.94 0.0014
2019-04-22 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 6,207 0 928
2019-01-25 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 6,207 997 19.14 928 -1.28 0.0013
2018-10-23 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 5,210 637 13.93 940 36.23 0.0011
2018-07-09 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 4,573 -272 -5.61 690 4.86 0.0009
2018-05-10 2018-03-31 13F/A-2 NORFOLK SOUTHERN COM 655844108 4,845 -759 -13.54 658 -18.97 0.0009
2018-04-20 2018-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 4,845 0 658 0.0008
2018-04-19 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 4,845 -759 658
2018-01-24 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 5,604 -83 -1.46 812 7.98 0.0011
2017-10-17 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 5,687 1,216 27.20 752 38.24 0.0011
2017-07-12 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 4,471 -122 -2.66 544 5.84 0.0008
2017-04-24 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 4,593 -231 -4.79 514 -1.34 0.0008
2017-01-10 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 4,824 334 7.44 521 19.50 0.0009
2016-10-11 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 4,490 62 1.40 436 13.25 0.0008
2016-07-12 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 4,428 -393 -8.15 385 -2.28 0.0007
2016-04-18 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 4,821 -577 -10.69 394 -13.79 0.0007
2016-01-14 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 5,398 260 5.06 457 16.28 0.0009
2015-10-20 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 5,138 594 13.07 393 -1.01 0.0008
2015-07-17 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 4,544 129 2.92 397 -12.56 0.0008
2015-04-30 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 4,415 4,415 0.00 454 0.0009
2015-01-29 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 0 -4,350 -100.00 0 -100.00
2014-10-20 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 4,350 100 2.35 485 10.73 0.0010
2014-07-25 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 4,250 0 0.00 438 6.05 0.0009
2014-04-22 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 4,250 -50 -1.16 413 3.51 0.0009
2014-01-16 2013-12-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 4,300 50 1.18 399 21.28 0.0009
2014-01-14 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 4,300 399
2013-10-18 2013-09-30 13F NORFOLK SOUTHERN COM 655844108 4,250 -1,536 -26.55 329 -21.67 0.0008
2013-07-16 2013-06-30 13F NORFOLK SOUTHERN COM 655844108 5,786 5,786 420 0.0011
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.