Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionGuggenheim Capital Llc
Latest Disclosed Ownership18,673 shares
Latest Disclosed Value $ 5,359,151
Guggenheim Capital Llc reports 4.81% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - Guggenheim Capital Llc filed a 13F-HR form disclosing ownership of 18,673 shares of Norfolk Southern Corporation (MX:NSC) valued at $5,359,151 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 19,616 shares of Norfolk Southern Corporation. This represents a change in shares of -4.81% 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 18,673 -943 -4.81 5,359 -5.37 0.0207
2026-02-17 2025-12-31 13F NORFOLK SOUTHN COM 655844108 19,616 241 1.24 5,664 -2.70 0.0202
2025-11-13 2025-09-30 13F NORFOLK SOUTHN COM 655844108 19,375 -5,784 -22.99 5,820 -9.61 0.0299
2025-08-13 2025-06-30 13F NORFOLK SOUTHN COM 655844108 25,159 -547 -2.13 6,440 5.77 0.0511
2025-05-14 2025-03-31 13F NORFOLK SOUTHN COM 655844108 25,706 -8,874 -25.66 6,088 -24.98 0.0559
2025-02-13 2024-12-31 13F NORFOLK SOUTHN COM 655844108 34,580 210 0.61 8,116 -4.98 0.0658
2024-11-13 2024-09-30 13F NORFOLK SOUTHN COM 655844108 34,370 -7,026 -16.97 8,541 -3.90 0.0598
2024-08-14 2024-06-30 13F NORFOLK SOUTHN COM 655844108 41,396 -725 -1.72 8,887 -17.21 0.0630
2024-05-14 2024-03-31 13F NORFOLK SOUTHN COM 655844108 42,121 -862 -2.01 10,735 5.66 0.0756
2024-02-14 2023-12-31 13F NORFOLK SOUTHN COM 655844108 42,983 3,902 9.98 10,160 32.02 0.0768
2023-11-14 2023-09-30 13F NORFOLK SOUTHN COM 655844108 39,081 6,625 20.41 7,696 4.58 0.0662
2023-08-11 2023-06-30 13F NORFOLK SOUTHN COM 655844108 32,456 3,151 10.75 7,360 18.46 0.0578
2023-05-11 2023-03-31 13F NORFOLK SOUTHN COM 655844108 29,305 10,152 53.00 6,213 31.64 0.0523
2023-02-14 2022-12-31 13F NORFOLK SOUTHN COM 655844108 19,153 4,422 30.02 4,720 52.77 0.0415
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 14,731 6,166 71.99 3,089 58.74 0.0283
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 8,565 -4,395 -33.91 1,946 -47.36 0.0154
2022-05-16 2022-03-31 13F NORFOLK SOUTHN COM 655844108 12,960 -568 -4.20 3,697 -8.19 0.0222
2022-02-14 2021-12-31 13F NORFOLK SOUTHN COM 655844108 13,528 -78 -0.57 4,027 23.72 0.0210
2021-11-15 2021-09-30 13F NORFOLK SOUTHN COM 655844108 13,606 -298 -2.14 3,255 -11.79 0.0195
2021-08-13 2021-06-30 13F NORFOLK SOUTHN COM 655844108 13,904 -11,646 -45.58 3,690 -46.21 0.0217
2021-05-13 2021-03-31 13F NORFOLK SOUTHN COM 655844108 25,550 -3,414 -11.79 6,860 -0.32 0.0450
2021-02-16 2020-12-31 13F NORFOLK SOUTHN COM 655844108 28,964 7,148 32.76 6,882 47.43 0.0432
2020-11-13 2020-09-30 13F NORFOLK SOUTHN COM 655844108 21,816 -10,010 -31.45 4,668 -16.46 0.0338
2020-08-14 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 31,826 7,893 32.98 5,588 59.93 0.0432
2020-06-02 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 23,933 -11,678 -32.79 3,494 -49.46 0.0352
2020-02-20 2019-12-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 35,611 -6,980 -16.39 6,913 -9.66 0.0519
2020-02-14 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 35,611 -6,980 6,913 40,971.9691
2020-02-20 2019-09-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 42,591 6,092 16.69 7,652 5.15 0.0612
2019-11-14 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 42,591 6,092 7,652 56,076.1005
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 36,499 2,770 8.21 7,277 15.45 0.0592
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 33,729 -12,593 -27.19 6,303 -9.01 0.0514
2019-02-14 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 46,322 10,043 27.68 6,927 5.79 0.0587
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 36,279 -10,051 -21.69 6,548 -6.30 0.0427
2018-11-14 2018-09-30 13F GRAMERCY PPTY TR COM NEW 385002308 81,501 40,214 2,237 0.0146
2018-08-14 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 46,330 -248,134 -84.27 6,988 -82.52 0.0466
2018-08-14 2018-06-30 13F GRAMERCY PPTY TR COM NEW 385002308 41,287 -127,642 1,128 0.0075
2018-05-15 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 294,464 -34,003 -10.35 39,981 -16.00 0.0975
2018-05-15 2018-03-31 13F GRAMERCY PPTY TR COM NEW 385002308 168,929 53,105 3,673 0.0090
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 328,467 24,082 7.91 47,597 18.26 0.1128
2018-02-14 2017-12-31 13F GRAMERCY PPTY TR COM NEW 385002308 115,824 -221,086 3,088 0.0073
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 304,385 -39,340 -11.45 40,249 -3.79 0.0945
2017-11-14 2017-09-30 13F GRAMERCY PPTY TR COM NEW 385002308 336,910 109,442 10,190 0.0239
2017-08-14 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 343,725 9,344 2.79 41,833 11.73 0.1108
2017-08-14 2017-06-30 13F GRAMERCY PPTY TR COM NEW 385002308 227,468 -5,568 6,759 0.0179
2017-05-15 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 334,381 17,847 5.64 37,440 9.45 0.1015
2017-05-15 2017-03-31 13F GRAMERCY PPTY TR COM NEW 385002308 233,036 -83,498 6,129 0.0166
2017-02-14 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 316,534 8,270 2.68 34,208 14.33 0.0979
2016-11-14 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 308,264 -24,327 -7.31 29,920 5.68 0.0931
2016-08-15 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 332,591 -854 -0.26 28,313 1.99 0.0889
2016-05-16 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 333,445 -9,186 -2.68 27,760 -4.22 0.0876
2016-02-16 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 342,631 -46,554 -11.96 28,983 -2.53 0.0843
2015-11-16 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 389,185 -59,427 -13.25 29,735 -24.13 0.0915
2015-08-14 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 448,612 41,905 10.30 39,192 -6.37 0.0967
2015-05-18 2015-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 406,707 11,777 2.98 41,858 -3.30 0.0991
2015-05-15 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 406,707 41,858
2015-02-17 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 394,930 84,516 27.23 43,288 24.95 0.1086
2014-11-14 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 310,414 202 0.07 34,643 8.39 0.0836
2014-08-14 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 310,212 20,884 7.22 31,962 13.69 0.0809
2014-05-16 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 289,328 -4,135 -1.41 28,114 3.19 0.0800
2014-02-14 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 293,463 780 0.27 27,244 20.35 0.0828
2013-11-14 2013-09-30 13F NORFOLK SOUTHERN COM 655844108 292,683 52,896 22.06 22,638 29.96 0.0813
2013-08-22 2013-06-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 239,787 239,787 17,419 0.0733
2013-08-14 2013-06-30 13F NORFOLK SOUTHERN COM 655844108 239,787 17,419 0.0734
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.