Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionGotham Asset Management, LLC
ManagerJoel Greenblatt
Latest Disclosed Ownership47,333 shares
Latest Disclosed Value $ 13,584,571
Gotham Asset Management, LLC reports 47.64% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - Gotham Asset Management, LLC filed a 13F-HR form disclosing ownership of 47,333 shares of Norfolk Southern Corporation (MX:NSC) valued at $13,584,571 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 90,407 shares of Norfolk Southern Corporation. This represents a change in shares of -47.64% 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 47,333 -43,074 -47.64 13,585 -47.96 0.0416
2026-02-17 2025-12-31 13F NORFOLK SOUTHN COM 655844108 90,407 24,527 37.23 26,102 31.89 0.0953
2025-11-14 2025-09-30 13F NORFOLK SOUTHN COM 655844108 65,880 62,073 1,630.50 19,791 1,931.93 0.0862
2025-08-14 2025-06-30 13F NORFOLK SOUTHN COM 655844108 3,807 1,212 46.71 974 58.63 0.0058
2025-05-15 2025-03-31 13F NORFOLK SOUTHN COM 655844108 2,595 -2,761 -51.55 615 -51.15 0.0051
2025-02-14 2024-12-31 13F NORFOLK SOUTHN COM 655844108 5,356 2,343 77.76 1,257 68.05 0.0119
2024-11-14 2024-09-30 13F NORFOLK SOUTHN COM 655844108 3,013 890 41.92 749 64.40 0.0077
2024-08-14 2024-06-30 13F NORFOLK SOUTHN COM 655844108 2,123 -4,802 -69.34 456 -74.21 0.0059
2024-05-15 2024-03-31 13F NORFOLK SOUTHN COM 655844108 6,925 -6,550 -48.61 1,765 -44.62 0.0267
2024-02-14 2023-12-31 13F NORFOLK SOUTHN COM 655844108 13,475 4,577 51.44 3,185 81.79 0.0591
2023-11-14 2023-09-30 13F NORFOLK SOUTHN COM 655844108 8,898 -7,726 -46.47 1,752 -53.52 0.0362
2023-08-14 2023-06-30 13F NORFOLK SOUTHN COM 655844108 16,624 -11,540 -40.97 3,770 -36.87 0.0820
2023-05-15 2023-03-31 13F NORFOLK SOUTHN COM 655844108 28,164 6,505 30.03 5,971 11.86 0.1447
2023-02-14 2022-12-31 13F NORFOLK SOUTHN COM 655844108 21,659 4,886 29.13 5,337 51.79 0.1502
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 16,773 7,418 79.29 3,516 65.38 0.1053
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 9,355 4,733 102.40 2,126 61.31 0.0683
2022-05-16 2022-03-31 13F NORFOLK SOUTHN COM 655844108 4,622 842 22.28 1,318 17.16 0.0408
2022-02-14 2021-12-31 13F NORFOLK SOUTHN COM 655844108 3,780 -10,975 -74.38 1,125 -68.13 0.0363
2021-11-15 2021-09-30 13F NORFOLK SOUTHN COM 655844108 14,755 -2,276 -13.36 3,530 -21.90 0.1432
2021-08-16 2021-06-30 13F NORFOLK SOUTHN COM 655844108 17,031 -14,823 -46.53 4,520 -47.15 0.1915
2021-05-17 2021-03-31 13F NORFOLK SOUTHN COM 655844108 31,854 -21,908 -40.75 8,553 -33.04 0.3815
2021-02-16 2020-12-31 13F NORFOLK SOUTHN COM 655844108 53,762 -298 -0.55 12,774 10.43 0.4225
2020-11-16 2020-09-30 13F NORFOLK SOUTHN COM 655844108 54,060 -26,663 -33.03 11,568 -18.38 0.3715
2020-08-13 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 80,723 45,355 128.24 14,173 174.46 0.4242
2020-05-15 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 35,368 -18,741 -34.64 5,164 -50.84 0.1434
2020-02-14 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 54,109 -118,951 -68.73 10,504 -66.22 0.1929
2019-11-14 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 173,060 38,878 28.97 31,092 16.25 0.5493
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 134,182 51,174 61.65 26,746 72.41 0.4268
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 83,008 -44,456 -34.88 15,513 -18.61 0.2272
2019-02-14 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 127,464 -39,476 -23.65 19,061 -36.74 0.2962
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 166,940 -16,386 -8.94 30,133 8.95 0.4162
2018-08-14 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 183,326 26,903 17.20 27,658 30.22 0.3997
2018-05-15 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 156,423 -27,459 -14.93 21,239 -20.29 0.2971
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 183,882 -2,137 -1.15 26,645 8.32 0.3869
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 186,019 89,204 92.14 24,599 108.78 0.3611
2017-08-14 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 96,815 -100,807 -51.01 11,782 -46.76 0.1652
2017-05-15 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 197,622 -43,666 -18.10 22,128 -15.14 0.2809
2017-02-14 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 241,288 17,774 7.95 26,076 20.20 0.3357
2016-11-14 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 223,514 80,084 55.83 21,694 77.67 0.2825
2016-08-15 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 143,430 143,430 0.00 12,210 0.1464
2016-02-16 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 0 -32,528 -100.00 0 -100.00
2015-11-16 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 32,528 27,453 540.95 2,485 460.95 0.0242
2015-08-14 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 5,075 -33,474 -86.83 443 -88.83 0.0037
2015-05-15 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 38,549 -418,821 -91.57 3,967 -92.09 0.0303
2015-02-17 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 457,370 416,665 1,023.62 50,132 1,003.50 0.4057
2014-11-14 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 40,705 18,425 82.70 4,543 97.87 0.0452
2014-08-14 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 22,280 -154,370 -87.39 2,296 -86.62 0.0287
2014-05-15 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 176,650 176,650 17,165 0.2585
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.