Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionHilltop Holdings Inc.
Latest Disclosed Ownership2,094 shares
Latest Disclosed Value $ 600,803
Hilltop Holdings Inc. reports 8.20% decrease in ownership of NSC / Norfolk Southern Corporation

On May 14, 2026 - Hilltop Holdings Inc. filed a 13F-HR form disclosing ownership of 2,094 shares of Norfolk Southern Corporation (MX:NSC) valued at $600,803 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 2,281 shares of Norfolk Southern Corporation. This represents a change in shares of -8.20% 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)
2026-05-14 2026-03-31 13F Norfolk Southern COM 655844108 2,094 -187 -8.20 601 -8.81 0.0398
2026-02-17 2025-12-31 13F Norfolk Southern COM 655844108 2,281 -59 -2.52 658 -6.27 0.0390
2025-11-14 2025-09-30 13F Norfolk Southern COM 655844108 2,340 -512 -17.95 703 -3.84 0.0372
2025-08-14 2025-06-30 13F NORFOLK SOUTHERN COM 655844108 2,852 488 20.64 730 30.59 0.0468
2025-05-15 2025-03-31 13F NORFOLK SOUTHN COM 655844108 2,364 -589 -19.95 560 -19.34 0.0351
2025-02-14 2024-12-31 13F NORFOLK SOUTHN COM 655844108 2,953 123 4.35 693 -1.42 0.0438
2024-11-14 2024-09-30 13F NORFOLK SOUTHN COM 655844108 2,830 724 34.38 703 55.53 0.0449
2024-08-14 2024-06-30 13F NORFOLK SOUTHN COM 655844108 2,106 2 0.10 452 -15.67 0.0522
2024-05-15 2024-03-31 13F NORFOLK SOUTHN COM 655844108 2,104 -62 -2.86 536 4.89 0.0554
2024-02-12 2023-12-31 13F NORFOLK SOUTHN COM 655844108 2,166 -236 -9.83 512 8.26 0.0580
2023-11-14 2023-09-30 13F NORFOLK SOUTHN COM 655844108 2,402 96 4.16 473 -9.58 0.0552
2023-08-14 2023-06-30 13F NORFOLK SOUTHN COM 655844108 2,306 57 2.53 523 9.66 0.0636
2023-05-15 2023-03-31 13F NORFOLK SOUTHN COM 655844108 2,249 92 4.27 477 -10.36 0.0626
2023-02-14 2022-12-31 13F NORFOLK SOUTHN COM 655844108 2,157 -3 -0.14 532 16.96 0.0681
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 2,160 169 8.49 454 0.22 0.0614
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 1,991 -16 -0.80 453 -20.94 0.0600
2022-05-16 2022-03-31 13F NORFOLK SOUTHN COM 655844108 2,007 -45 -2.19 573 -6.22 0.0645
2022-02-14 2021-12-31 13F NORFOLK SOUTHN COM 655844108 2,052 -299 -12.72 611 8.72 0.0635
2021-11-15 2021-09-30 13F NORFOLK SOUTHN COM 655844108 2,351 381 19.34 562 7.46 0.0616
2021-08-16 2021-06-30 13F NORFOLK SOUTHN COM 655844108 1,970 59 3.09 523 1.75 0.0589
2021-05-17 2021-03-31 13F NORFOLK SOUTHN COM 655844108 1,911 -16 -0.83 514 12.23 0.0663
2021-02-16 2020-12-31 13F NORFOLK SOUTHN COM 655844108 1,927 299 18.37 458 31.61 0.0641
2020-11-16 2020-09-30 13F NORFOLK SOUTHN COM 655844108 1,628 1,628 348 0.0590
2020-05-15 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 0 -1,358 -100.00 0 -100.00
2020-02-14 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 1,358 -102 -6.99 263 0.38 0.0492
2019-11-14 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 1,460 -23 -1.55 262 -11.19 0.0497
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 1,483 170 12.95 295 19.92 0.0625
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 1,313 1,313 246 0.0522
2019-02-14 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 0 -3,074 -100.00 0 -100.00
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 3,074 901 41.46 554 68.90 0.1163
2018-08-14 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 2,173 -272 -11.12 328 -1.20 0.0695
2018-05-15 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 2,445 375 18.12 332 10.67 0.0580
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 2,070 541 35.38 300 48.51 0.0676
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 1,529 -362 -19.14 202 -12.17 0.0612
2017-08-14 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 1,891 -14 -0.73 230 7.48 0.0675
2017-05-15 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 1,905 0 0.00 214 3.88 0.0644
2017-02-14 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 1,905 1,905 0.00 206 0.0645
2016-05-16 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 0 -2,419 -100.00 0 -100.00
2016-02-16 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 2,419 -204 -7.78 205 2.50 0.0596
2015-11-16 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 2,623 38 1.47 200 -11.11 0.0585
2015-08-14 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 2,585 -291 -10.12 225 -23.99 0.0612
2015-05-15 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 2,876 2,876 0.00 296 0.0756
2014-11-14 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 0 -3,072 -100.00 0 -100.00
2014-08-14 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 3,072 7 0.23 317 6.38 0.1480
2014-05-15 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 3,065 -402 -11.60 298 -7.45 0.1486
2014-02-14 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 3,467 105 3.12 322 23.85 0.1648
2013-11-14 2013-09-30 13F NORFOLK SOUTHERN COM 655844108 3,362 440 15.06 260 22.64 0.1508
2013-08-14 2013-06-30 13F NORFOLK SOUTHERN COM 655844108 2,922 2,922 212 0.1435
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.