Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionHills Bank & Trust Co
Latest Disclosed Ownership11,034 shares
Latest Disclosed Value $ 3,166,758
Hills Bank & Trust Co reports 11.17% decrease in ownership of NSC / Norfolk Southern Corporation

On May 1, 2026 - Hills Bank & Trust Co filed a 13F-HR form disclosing ownership of 11,034 shares of Norfolk Southern Corporation (MX:NSC) valued at $3,166,758 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 12,421 shares of Norfolk Southern Corporation. This represents a change in shares of -11.17% 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)
2026-05-01 2026-03-31 13F NORFOLK SOUTHN COM 655844108 11,034 -1,387 -11.17 3,167 -11.71 0.1471
2026-02-05 2025-12-31 13F NORFOLK SOUTHN COM 655844108 12,421 -707 -5.39 3,586 -9.05 0.2085
2025-11-13 2025-09-30 13F NORFOLK SOUTHN COM 655844108 13,128 -15 -0.11 3,944 17.21 0.2321
2025-08-05 2025-06-30 13F NORFOLK SOUTHN COM 655844108 13,143 2 0.02 3,364 8.10 0.2120
2025-04-25 2025-03-31 13F NORFOLK SOUTHN COM 655844108 13,141 146 1.12 3,112 2.07 0.2191
2025-02-10 2024-12-31 13F Norfolk Southern COM 655844108 12,995 193 1.51 3,050 -4.15 0.2295
2024-10-28 2024-09-30 13F Norfolk Southern COM 655844108 12,802 -272 -2.08 3,181 13.36 0.2402
2024-07-25 2024-06-30 13F Norfolk Southern COM 655844108 13,074 214 1.66 2,807 -14.37 0.2273
2024-05-08 2024-03-31 13F Norfolk Southern COM 655844108 12,860 -98 -0.76 3,278 6.99 0.2779
2024-02-07 2023-12-31 13F Norfolk Southern COM 655844108 12,958 -75 -0.58 3,063 19.37 0.2995
2023-10-26 2023-09-30 13F Norfolk Southern COM 655844108 13,033 14 0.11 2,567 -13.08 0.2981
2023-07-21 2023-06-30 13F Norfolk Southern COM 655844108 13,019 194 1.51 2,952 8.61 0.3797
2023-04-17 2023-03-31 13F Norfolk Southern COM 655844108 12,825 250 1.99 2,719 90,500.00 0.3762
2023-02-06 2022-12-31 13F Norfolk Southern COM 655844108 12,575 -35 -0.28 3 -99.89 0.4577
2022-11-03 2022-09-30 13F Norfolk Southern COM 655844108 12,610 480 3.96 2,644 -4.10 0.3893
2022-08-02 2022-06-30 13F Norfolk Southern COM 655844108 12,130 265 2.23 2,757 -18.53 0.4482
2022-08-16 2022-03-31 13F/A-1 Norfolk Southern COM 655844108 11,865 82 0.70 3,384 -3.53 0.4822
2022-04-29 2022-03-31 13F Norfolk Southern COM 655844108 11,865 82 3,384 0.3559
2022-04-29 2022-03-31 13F Norfolk Southern COM 655844108 137 39
2022-02-04 2021-12-31 13F Norfolk Southern COM 655844108 11,783 67 0.57 3,508 25.15 0.4819
2021-10-27 2021-09-30 13F Norfolk Southern COM 655844108 11,716 385 3.40 2,803 -6.78 0.4234
2021-08-02 2021-06-30 13F Norfolk Southern COM 655844108 11,331 -66 -0.58 3,007 -1.76 0.4560
2021-05-03 2021-03-31 13F Norfolk Southern COM 655844108 11,397 -39 -0.34 3,061 12.62 0.4968
2021-02-01 2020-12-31 13F Norfolk Southern COM 655844108 11,436 -33 -0.29 2,718 10.71 0.4749
2020-10-27 2020-09-30 13F Norfolk Southern COM 655844108 11,469 -224 -1.92 2,455 19.58 0.4803
2020-08-05 2020-06-30 13F Norfolk Southern COM 655844108 11,693 118 1.02 2,053 21.55 0.4336
2020-04-17 2020-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 11,575 787 7.30 1,689 -19.38 0.4972
2020-01-27 2019-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 10,788 -69 -0.64 2,095 7.38 0.4940
2019-10-18 2019-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 10,857 156 1.46 1,951 -8.53 0.4920
2019-07-16 2019-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 10,701 -81 -0.75 2,133 5.86 0.5519
2019-04-17 2019-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 10,782 316 3.02 2,015 28.75 0.5423
2019-01-28 2018-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 10,466 19 0.18 1,565 -16.98 0.4851
2018-10-15 2018-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 10,447 -70 -0.67 1,885 18.78 0.5065
2018-07-17 2018-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 10,517 242 2.36 1,587 13.76 0.4574
2018-04-13 2018-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 10,275 490 5.01 1,395 -1.62 0.4209
2018-01-16 2017-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,785 -20 -0.20 1,418 9.33 0.4156
2017-10-16 2017-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,805 24 0.25 1,297 8.99 0.4071
2017-07-12 2017-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,781 128 1.33 1,190 10.08 0.3850
2017-04-06 2017-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,653 168 1.77 1,081 5.46 0.3670
2017-01-18 2016-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,485 -180 -1.86 1,025 9.28 0.3601
2016-10-11 2016-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,665 650 7.21 938 22.29 0.3387
2016-07-18 2016-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,015 0 0.00 767 2.27 0.2824
2016-04-25 2016-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,015 1,540 20.60 750 18.67 0.2768
2016-01-19 2015-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 7,475 3,985 114.18 632 136.70 0.2391
2015-10-16 2015-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 3,490 3,490 267 0.1054
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.