Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionFranklin Resources Inc
Latest Disclosed Ownership124,027 shares
Latest Disclosed Value $ 35,595,749
Franklin Resources Inc reports 54.61% decrease in ownership of NSC / Norfolk Southern Corporation

On May 13, 2026 - Franklin Resources Inc filed a 13F-HR form disclosing ownership of 124,027 shares of Norfolk Southern Corporation (MX:NSC) valued at $35,595,749 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 273,254 shares of Norfolk Southern Corporation. This represents a change in shares of -54.61% 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)
2026-05-13 2026-03-31 13F NORFOLK SOUTHN COM 655844108 124,027 -149,227 -54.61 35,596 -54.88 0.0014
2026-02-11 2025-12-31 13F NORFOLK SOUTHN COM 655844108 273,254 -85,779 -23.89 78,894 -26.85 0.0194
2025-11-13 2025-09-30 13F NORFOLK SOUTHN COM 655844108 359,033 -169,449 -32.06 107,857 -20.27 0.0269
2025-08-12 2025-06-30 13F NORFOLK SOUTHN COM 655844108 528,482 -19,614 -3.58 135,276 4.21 0.0359
2025-05-13 2025-03-31 13F NORFOLK SOUTHN COM 655844108 548,096 32,794 6.36 129,817 7.34 0.0373
2025-02-12 2024-12-31 13F NORFOLK SOUTHN COM 655844108 515,302 299,096 138.34 120,941 120.37 0.0336
2024-11-27 2024-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 216,206 -1,447,785 -87.01 54,882 -84.64 0.0154
2024-11-12 2024-09-30 13F NORFOLK SOUTHN COM 655844108 216,206 -1,447,785 54,882 0.0026
2024-08-14 2024-06-30 13F NORFOLK SOUTHN COM 655844108 1,663,991 -161,429 -8.84 357,242 -23.21 0.1098
2024-05-13 2024-03-31 13F NORFOLK SOUTHN COM 655844108 1,825,420 -28,158 -1.52 465,245 6.18 0.1473
2024-02-09 2023-12-31 13F NORFOLK SOUTHN COM 655844108 1,853,578 -62,702 -3.27 438,149 16.10 0.2049
2023-11-13 2023-09-30 13F NORFOLK SOUTHN COM 655844108 1,916,280 -56,279 -2.85 377,373 -15.63 0.1918
2023-08-11 2023-06-30 13F NORFOLK SOUTHN COM 655844108 1,972,559 -54,083 -2.67 447,297 4.11 0.2126
2023-05-12 2023-03-31 13F NORFOLK SOUTHN COM 655844108 2,026,642 -12,674 -0.62 429,648 -14.50 0.2156
2023-02-10 2022-12-31 13F NORFOLK SOUTHN COM 655844108 2,039,316 110,529 5.73 502,528 24.27 0.2612
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 1,928,787 -24,028 -1.23 404,369 -8.90 0.2203
2022-08-11 2022-06-30 13F NORFOLK SOUTHN COM 655844108 1,952,815 -8,161 -0.42 443,854 -20.64 0.2201
2022-05-13 2022-03-31 13F NORFOLK SOUTHN COM 655844108 1,960,976 49,256 2.58 559,308 -1.73 0.2235
2022-02-11 2021-12-31 13F NORFOLK SOUTHN COM 655844108 1,911,720 -81,685 -4.10 569,138 19.34 0.2053
2021-11-12 2021-09-30 13F NORFOLK SOUTHN COM 655844108 1,993,405 -13,057 -0.65 476,922 -10.44 0.1796
2021-08-13 2021-06-30 13F NORFOLK SOUTHN COM 655844108 2,006,462 -42,063 -2.05 532,534 -3.19 0.2035
2021-05-13 2021-03-31 13F NORFOLK SOUTHN COM 655844108 2,048,525 -25,782 -1.24 550,070 11.60 0.2238
2021-02-10 2020-12-31 13F NORFOLK SOUTHN COM 655844108 2,074,307 43,816 2.16 492,876 13.43 0.2086
2020-11-12 2020-09-30 13F NORFOLK SOUTHN COM 655844108 2,030,491 11,124 0.55 434,505 13.80 0.2104
2020-08-13 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 2,019,367 163,449 8.81 381,822 40.91 0.1967
2020-05-13 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 1,855,918 848,186 84.17 270,964 38.51 0.1809
2020-03-11 2019-12-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 1,007,732 335,441 49.90 195,630 61.97 0.1028
2020-02-12 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 1,007,732 335,441 195,630 24,710.7474
2019-11-14 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 672,291 398,509 145.56 120,784 121.33 0.0656
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 273,782 -56,037 -16.99 54,573 -11.46 0.0290
2019-05-15 2019-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 329,819 68,368 26.15 61,639 57.66 0.0330
2019-05-14 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 329,819 68,368 61,639
2019-02-12 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 261,451 -324 -0.12 39,097 -17.26 0.0236
2018-11-13 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 261,775 -20,064 -7.12 47,251 11.13 0.0235
2018-08-14 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 281,839 -2,107 -0.74 42,520 10.29 0.0218
2018-05-10 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 283,946 31,441 12.45 38,554 5.37 0.0195
2018-05-10 2018-03-31 13F GRAMERCY PPTY TR COM NEW 385002308 212,700 -13,300 4,622 0.0023
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 252,505 3,078 1.23 36,588 10.92 0.0176
2018-02-14 2017-12-31 13F GRAMERCY PPTY TR COM NEW 385002308 226,000 -76,500 6,025 0.0029
2017-11-13 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 249,427 -650 -0.26 32,985 8.38 0.0162
2017-11-13 2017-09-30 13F GRAMERCY PPTY TR COM NEW 385002308 302,500 226,500 9,151 0.0045
2017-08-10 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 250,077 -1,486 -0.59 30,435 8.05 0.0152
2017-08-10 2017-06-30 13F GRAMERCY PPTY TR COM NEW 385002308 76,000 -175,563 2,258 0.0011
2017-05-12 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 251,563 -2,190 -0.86 28,167 2.71 0.0143
2017-02-14 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 253,753 144,022 131.25 27,423 157.47 0.0142
2016-11-14 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 109,731 -1,055 -0.95 10,651 12.95 0.0056
2016-08-11 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 110,786 662 0.60 9,430 2.86 0.0051
2016-05-10 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 110,124 -11,612 -9.54 9,168 -10.96 0.0049
2016-04-27 2015-12-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 121,736 -1,358 -1.10 10,297 9.50 0.0052
2016-02-12 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 121,736 10,297
2015-11-10 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 123,094 238 0.19 9,404 -12.38 0.0046
2015-08-12 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 122,856 -18,500 -13.09 10,733 -26.22 0.0049
2015-05-14 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 141,356 950 0.68 14,548 -5.47 0.0066
2015-02-10 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 140,406 -2,995 -2.09 15,390 -3.84 0.0070
2014-11-12 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 143,401 -2,517 -1.72 16,004 6.45 0.0073
2014-08-12 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 145,918 -102,346 -41.22 15,034 -37.68 0.0066
2014-05-13 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 248,264 -7,522 -2.94 24,124 1.60 0.0114
2014-02-12 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 255,786 -188,025 -42.37 23,745 -30.83 0.0116
2013-11-14 2013-09-30 13F NORFOLK SOUTHERN COM 655844108 443,811 16,363 3.83 34,328 10.54 0.0183
2013-08-09 2013-06-30 13F NORFOLK SOUTHERN COM 655844108 427,448 427,448 31,054 0.0177
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.