Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionLafayette Investments, Inc.
Latest Disclosed Ownership31,895 shares
Latest Disclosed Value $ 9,153,965
Lafayette Investments, Inc. reports 4.59% decrease in ownership of NSC / Norfolk Southern Corporation

On April 27, 2026 - Lafayette Investments, Inc. filed a 13F-HR form disclosing ownership of 31,895 shares of Norfolk Southern Corporation (MX:NSC) valued at $9,153,965 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 33,429 shares of Norfolk Southern Corporation. This represents a change in shares of -4.59% 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)
2026-04-27 2026-03-31 13F NORFOLK SOUTHN COM 655844108 31,895 -1,534 -4.59 9,154 -5.16 1.8536
2026-02-04 2025-12-31 13F NORFOLK SOUTHN COM 655844108 33,429 -41 -0.12 9,652 -4.01 1.8242
2025-11-06 2025-09-30 13F NORFOLK SOUTHN COM 655844108 33,470 -49 -0.15 10,055 17.19 1.9255
2025-07-30 2025-06-30 13F NORFOLK SOUTHN COM 655844108 33,519 -219 -0.65 8,580 7.37 1.7342
2025-04-24 2025-03-31 13F NORFOLK SOUTHN COM 655844108 33,738 -182 -0.54 7,991 0.36 1.6902
2025-02-13 2024-12-31 13F NORFOLK SOUTHN COM 655844108 33,920 -374 -1.09 7,961 -6.58 1.7063
2025-02-13 2024-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 34,294 -149 -0.43 8,522 15.26 1.7966
2024-10-22 2024-09-30 13F NORFOLK SOUTHN COM 655844108 34,294 -149 8,522 1.7966
2024-07-31 2024-06-30 13F NORFOLK SOUTHN COM 655844108 34,443 -610 -1.74 7,394 -17.24 1.6813
2024-05-09 2024-03-31 13F NORFOLK SOUTHN COM 655844108 35,053 -219 -0.62 8,934 7.16 2.0071
2024-01-31 2023-12-31 13F NORFOLK SOUTHN COM 655844108 35,272 -54 -0.15 8,338 19.85 2.0721
2023-10-27 2023-09-30 13F NORFOLK SOUTHN COM 655844108 35,326 -1 -0.00 6,957 -13.16 1.8958
2023-07-24 2023-06-30 13F NORFOLK SOUTHN COM 655844108 35,327 -117 -0.33 8,011 6.60 2.1047
2023-04-20 2023-03-31 13F NORFOLK SOUTHN COM 655844108 35,444 -299 -0.84 7,514 -14.68 2.0805
2023-01-24 2022-12-31 13F NORFOLK SOUTHN COM 655844108 35,743 31 0.09 8,808 17.63 2.4786
2022-10-28 2022-09-30 13F NORFOLK SOUTHN COM 655844108 35,712 71 0.20 7,487 -7.58 2.3105
2022-07-27 2022-06-30 13F NORFOLK SOUTHN COM 655844108 35,641 -409 -1.13 8,101 -21.21 2.3393
2022-05-11 2022-03-31 13F NORFOLK SOUTHN COM 655844108 36,050 -174 -0.48 10,282 -4.66 2.5530
2022-02-10 2021-12-31 13F NORFOLK SOUTHN COM 655844108 36,224 -470 -1.28 10,784 22.84 2.6945
2021-11-12 2021-09-30 13F NORFOLK SOUTHN COM 655844108 36,694 -59 -0.16 8,779 -10.01 2.3825
2021-08-10 2021-06-30 13F NORFOLK SOUTHN COM 655844108 36,753 3,095 9.20 9,755 7.93 2.6575
2021-05-12 2021-03-31 13F NORFOLK SOUTHN COM 655844108 33,658 -578 -1.69 9,038 11.10 2.8925
2021-02-11 2020-12-31 13F NORFOLK SOUTHN COM 655844108 34,236 -153 -0.44 8,135 10.54 2.7646
2020-10-30 2020-09-30 13F NORFOLK SOUTHN COM 655844108 34,389 -883 -2.50 7,359 18.83 2.8137
2020-08-05 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 35,272 -530 -1.48 6,193 18.48 2.5824
2020-05-07 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 35,802 1,483 4.32 5,227 -21.54 2.5125
2020-02-05 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 34,319 -3,272 -8.70 6,662 -1.36 2.3146
2019-10-23 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 37,591 -854 -2.22 6,754 -11.86 2.4406
2019-08-12 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 38,445 -187 -0.48 7,663 6.14 2.7145
2019-05-03 2019-03-31 13F Norfolk Southern COM 655844108 38,632 -2,578 -6.26 7,220 17.15 2.6590
2019-02-05 2018-12-31 13F Norfolk Southern COM 655844108 41,210 -1,832 -4.26 6,163 -20.67 2.4759
2018-11-08 2018-09-30 13F Norfolk Southern COM 655844108 43,042 -2,184 -4.83 7,769 13.86 2.6807
2018-08-10 2018-06-30 13F Norfolk Southern COM 655844108 45,226 -419 -0.92 6,823 10.08 2.4989
2018-05-15 2018-03-31 13F Norfolk Southern COM 655844108 45,645 -572 -1.24 6,198 -7.45 2.3166
2018-02-12 2017-12-31 13F Norfolk Southern COM 655844108 46,217 -1,101 -2.33 6,697 7.03 2.3957
2017-11-13 2017-09-30 13F Norfolk Southern COM 655844108 47,318 -22,824 -32.54 6,257 -26.70 2.3267
2017-08-14 2017-06-30 13F Norfolk Southern COM 655844108 70,142 -1,092 -1.53 8,536 7.02 3.1641
2017-05-05 2017-03-31 13F Norfolk Southern COM 655844108 71,234 -13,377 -15.81 7,976 -12.77 2.9512
2017-02-14 2016-12-31 13F/A-1 Norfolk Southern COM 655844108 84,611 -180 -0.21 9,144 11.11 3.5019
2017-02-13 2016-12-31 13F Norfolk Southern COM 655844108 84,791 8,230
2016-11-14 2016-09-30 13F Norfolk Southern COM 655844108 84,791 -445 -0.52 8,230 13.42 3.3175
2016-08-15 2016-06-30 13F Norfolk Southern COM 655844108 85,236 -143 -0.17 7,256 2.08 2.9495
2016-05-13 2016-03-31 13F Norfolk Southern COM 655844108 85,379 214 0.25 7,108 -1.33 2.9532
2016-02-11 2015-12-31 13F Norfolk Southern COM 655844108 85,165 54 0.06 7,204 10.78 2.9955
2015-10-23 2015-09-30 13F Norfolk Southern COM 655844108 85,111 1,109 1.32 6,503 -11.38 2.8363
2015-08-12 2015-06-30 13F Norfolk Southern COM 655844108 84,002 500 0.60 7,338 -14.61 3.0820
2015-05-15 2015-03-31 13F Norfolk Southern COM 655844108 83,502 -300 -0.36 8,594 -6.43 3.6416
2015-02-12 2014-12-31 13F Norfolk Southern COM 655844108 83,802 -50 -0.06 9,185 -1.85 3.8507
2014-10-30 2014-09-30 13F Norfolk Southern COM 655844108 83,852 1 0.00 9,358 8.32 4.2017
2014-08-13 2014-06-30 13F Norfolk Southern COM 655844108 83,851 -249 -0.30 8,639 5.71 3.7956
2014-04-30 2014-03-31 13F Norfolk Southern COM 655844108 84,100 -449 -0.53 8,172 4.12 3.7314
2014-02-07 2013-12-31 13F Norfolk Southern COM 655844108 84,549 -2,734 -3.13 7,849 16.26 3.6741
2013-10-29 2013-09-30 13F Norfolk Southern COM 655844108 87,283 2,351 2.77 6,751 9.42 3.2846
2013-08-15 2013-06-30 13F Norfolk Southern COM 655844108 84,932 84,932 6,170 2.9613
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.