Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionLazard Asset Management Llc
Latest Disclosed Ownership4,159 shares
Latest Disclosed Value $ 1,193,644
Lazard Asset Management Llc reports 3.39% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - Lazard Asset Management Llc filed a 13F-HR form disclosing ownership of 4,159 shares of Norfolk Southern Corporation (MX:NSC) valued at $1,193,644 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 4,305 shares of Norfolk Southern Corporation. This represents a change in shares of -3.39% 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 4,159 -146 -3.39 1,194 -4.02 0.0010
2026-02-17 2025-12-31 13F NORFOLK SOUTHN COM 655844108 4,305 394 10.07 1,243 5.88 0.0021
2025-11-14 2025-09-30 13F NORFOLK SOUTHN COM 655844108 3,911 -3,285,520 -99.88 1,175 39.60 0.0016
2025-08-14 2025-06-30 13F NORFOLK SOUTHER Common Stock 655844108 3,289,431 201,861 6.54 842 15.05 1.1587
2025-05-15 2025-03-31 13F NORFOLK SOUTHER Common Stock 655844108 3,087,570 -1,327,398 -30.07 731 -29.44 1.1228
2025-02-14 2024-12-31 13F NORFOLK SOUTHER Common Stock 655844108 4,414,968 -1,291,607 -22.63 1,036 -26.94 1.5158
2024-11-14 2024-09-30 13F NORFOLK SOUTHER Common Stock 655844108 5,706,575 -601,845 -9.54 1,418 4.73 1.8963
2024-08-14 2024-06-30 13F NORFOLK SOUTHER Common Stock 655844108 6,308,420 709,706 12.68 1,354 -5.05 1.6988
2024-07-09 2024-03-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 5,598,714 -2,257,986 -28.74 1,427 -23.21 1.7345
2024-05-14 2024-03-31 13F NORFOLK SOUTHER Common Stock 655844108 5,598,714 -2,257,986 1,427 1.7312
2024-02-14 2023-12-31 13F NORFOLK SOUTHER Common Stock 655844108 7,856,700 -772,630 -8.95 1,857 9.30 2.3497
2023-11-14 2023-09-30 13F NORFOLK SOUTHER Common Stock 655844108 8,629,330 264,031 3.16 1,699 -10.39 2.3116
2023-08-15 2023-06-30 13F NORFOLK SOUTHER Common Stock 655844108 8,365,299 -141,198 -1.66 1,897 5.16 2.3348
2023-05-15 2023-03-31 13F NORFOLK SOUTHER Common Stock 655844108 8,506,497 1,362,116 19.07 1,803 -99.90 2.3634
2023-02-15 2022-12-31 13F NORFOLK SOUTHER Common Stock 655844108 7,144,381 -502,673 -6.57 1,760,518 9.81 2.4252
2022-11-14 2022-09-30 13F NORFOLK SOUTHER Common Stock 655844108 7,647,054 1,181,936 18.28 1,603,203 9.10 2.3422
2022-08-09 2022-06-30 13F NORFOLK SOUTHER Common Stock 655844108 6,465,118 3,207,354 98.45 1,469,455 58.15 1.9872
2022-05-13 2022-03-31 13F NORFOLK SOUTHER Common Stock 655844108 3,257,764 -701,432 -17.72 929,177 -21.17 1.0767
2022-02-09 2021-12-31 13F NORFOLK SOUTHER Common Stock 655844108 3,959,196 -81,782 -2.02 1,178,690 21.92 1.2542
2021-11-15 2021-09-30 13F NORFOLK SOUTHER Common Stock 655844108 4,040,978 734,684 22.22 966,802 10.17 1.0909
2021-08-12 2021-06-30 13F NORFOLK SOUTHER Common Stock 655844108 3,306,294 -1,178,714 -26.28 877,522 -27.14 0.9849
2021-05-14 2021-03-31 13F NORFOLK SOUTHER Common Stock 655844108 4,485,008 -166,748 -3.58 1,204,313 8.96 1.4586
2021-02-11 2020-12-31 13F NORFOLK SOUTHER Common Stock 655844108 4,651,756 -121,358 -2.54 1,105,302 8.21 1.3967
2020-11-13 2020-09-30 13F NORFOLK SOUTHER Common Stock 655844108 4,773,114 -2,756,313 -36.61 1,021,397 -22.73 1.4357
2020-08-13 2020-06-30 13F NORFOLK SOUTHER Common Stock 655844108 7,529,427 -2,989,886 -28.42 1,321,940 -13.93 2.0319
2020-05-14 2020-03-31 13F NORFOLK SOUTHER Common Stock 655844108 10,519,313 1,796,367 20.59 1,535,818 -9.30 2.8139
2020-02-13 2019-12-31 13F NORFOLK SOUTHER Common Stock 655844108 8,722,946 823,858 10.43 1,693,385 19.32 2.4185
2019-11-14 2019-09-30 13F NORFOLK SOUTHER Common Stock 655844108 7,899,088 1,180,246 17.57 1,419,148 5.96 2.3322
2019-08-14 2019-06-30 13F NORFOLK SOUTHER Common Stock 655844108 6,718,842 -615,125 -8.39 1,339,265 -2.29 2.1716
2019-08-28 2019-03-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 7,333,967 1,578,307 27.42 1,370,644 59.25 2.2423
2019-05-13 2019-03-31 13F NORFOLK SOUTHER Common Stock 655844108 7,333,967 1,592,303 1,370,644
2019-08-28 2018-12-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 5,755,660 3,529,526 158.55 860,701 114.20 1.5843
2019-02-13 2018-12-31 13F NORFOLK SOUTHER Common Stock 655844108 5,741,664 3,530,959 858,608
2019-08-30 2018-09-30 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 2,226,134 -1,248,391 -35.93 401,816 -23.35 0.6500
2018-11-13 2018-09-30 13F NORFOLK SOUTHER Common Stock 655844108 2,210,705 -1,263,820 399,031
2019-08-30 2018-06-30 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 3,474,525 -760,307 -17.95 524,200 -8.84 0.9108
2018-08-13 2018-06-30 13F NORFOLK SOUTHER Common Stock 655844108 3,457,917 -776,915 521,695
2019-08-28 2018-03-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 4,234,832 -720,296 -14.54 575,004 -19.92 0.9813
2018-05-14 2018-03-31 13F NORFOLK SOUTHER Common Stock 655844108 4,187,053 -768,075 568,517
2019-08-28 2017-12-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 4,955,128 -1,130,281 -18.57 717,997 -10.78 1.2287
2018-02-13 2017-12-31 13F NORFOLK SOUTHER Common Stock 655844108 4,955,128 4,954,819 717,997
2019-08-19 2017-09-30 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 6,085,409 -258,177 -4.07 804,733 4.24 1.4559
2019-08-19 2017-09-30 13F/A-1 GRAMERCY PPT TR Common Stock 385002308 309 0 9 0.0000
2017-11-13 2017-09-30 13F NORFOLK SOUTHER Common Stock 655844108 6,085,356 6,085,047 804,726
2017-11-13 2017-09-30 13F GRAMERCY PPT TR Common Stock 385002308 309 -6,085,047 9
2019-08-19 2017-06-30 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 6,343,586 925,549 17.08 772,013 27.26 1.4519
2019-08-19 2017-06-30 13F/A-1 GRAMERCY PPT TR Common Stock 385002308 309 0 9 0.0000
2017-08-11 2017-06-30 13F NORFOLK SOUTHER Common Stock 655844108 6,343,533 6,343,224 772,007
2017-08-11 2017-06-30 13F GRAMERCY PPT TR Common Stock 385002308 309 -6,343,224 9
2019-08-13 2017-03-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 5,418,037 -552,956 -9.26 606,657 -5.99 1.1449
2019-08-13 2017-03-31 13F/A-1 GRAMERCY PPT TR Common Stock 385002308 309 -5,970,684 8 0.0000
2017-05-12 2017-03-31 13F NORFOLK SOUTHER Common Stock 655844108 5,418,037 -552,956 606,657
2017-05-12 2017-03-31 13F GRAMERCY PPT TR Common Stock 385002308 309 -5,417,728 8
2019-07-30 2016-12-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 5,970,993 -636,706 -9.64 645,284 0.61 1.3162
2017-02-13 2016-12-31 13F NORFOLK SOUTHER Common Stock 655844108 5,970,063 -637,636 645,183
2019-08-07 2016-09-30 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 6,607,699 -275,082 -4.00 641,342 9.46 1.2743
2016-11-14 2016-09-30 13F NORFOLK SOUTHER Common Stock 655844108 6,607,699 6,607,187 641,342
2019-07-29 2016-06-30 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 6,882,781 -215,615 -3.04 585,929 -0.85 1.2362
2019-07-29 2016-06-30 13F/A-1 GRAMERCY PPT TR Common Stock 385002308 512 3 4 0.0000
2016-08-15 2016-06-30 13F NORFOLK SOUTHER Common Stock 655844108 6,882,681 6,882,172 585,921
2019-07-25 2016-03-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 7,098,396 4,062,119 133.79 590,939 130.08 1.2890
2019-07-25 2016-03-31 13F/A-1 GRAMERCY PPT TR Common Stock 385002308 509 -1,549 4 0.0000
2016-05-12 2016-03-31 13F NORFOLK SOUTHER Common Stock 655844108 7,098,296 7,096,238 590,931
2019-07-24 2015-12-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 3,036,277 -2,059,509 -40.42 256,838 -34.03 0.5877
2019-07-24 2015-12-31 13F/A-1 GRAMERCY PPT TR Common Stock 385002308 2,058 -5,093,728 15 0.0000
2016-02-12 2015-12-31 13F NORFOLK SOUTHER Common Stock 655844108 3,036,277 -2,059,509 256,838
2019-07-15 2015-09-30 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 5,095,786 597,864 13.29 389,318 -0.92 0.9308
2015-11-13 2015-09-30 13F NORFOLK SOUTHER Common Stock 655844108 5,095,786 597,864 389,318
2019-07-08 2015-06-30 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 4,497,922 941,640 26.48 392,938 7.36 0.8237
2015-08-13 2015-06-30 13F NORFOLK SOUTHER Common Stock 655844108 4,497,922 941,640 392,938
2015-06-09 2015-03-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 3,556,282 431,765 13.82 366,012 6.87 0.7888
2015-05-15 2015-03-31 13F NORFOLK SOUTHER Common Stock 655844108 3,556,282 366,012
2019-08-29 2014-12-31 13F/A-3 NORFOLK SOUTHER Common Stock 655844108 3,124,517 200,435 6.85 342,478 4.95 0.7314
2015-05-20 2014-12-31 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 3,073,397 -51,120 336,875 0.6487
2015-06-09 2014-12-31 13F/A-2 NORFOLK SOUTHER Common Stock 655844108 3,124,517 51,120 342,478 0.7815
2015-02-12 2014-12-31 13F NORFOLK SOUTHER Common Stock 655844108 3,124,517 342,478
2014-11-07 2014-09-30 13F NORFOLK SOUTHER Common Stock 655844108 2,924,082 -133,903 -4.38 326,327 3.57 0.7007
2014-08-12 2014-06-30 13F NORFOLK SOUTHER Common Stock 655844108 3,057,985 1,349,000 78.94 315,064 89.73 0.6586
2014-05-12 2014-03-31 13F NORFOLK SOUTHER Common Stock 655844108 1,708,985 -68,968 -3.88 166,062 0.61 0.3710
2014-02-14 2013-12-31 13F NORFOLK SOUTHER Common Stock 655844108 1,777,953 -187,510 -9.54 165,047 8.56 0.3664
2014-01-13 2013-09-30 13F/A-1 NORFOLK SOUTHER Common Stock 655844108 1,965,463 -81,589 -3.99 152,028 2.23 0.3607
2013-11-13 2013-09-30 13F NORFOLK SOUTHER Common Stock 655844108 1,965,463 152,028
2013-08-13 2013-06-30 13F NORFOLK SOUTHER Common Stock 655844108 2,047,052 2,047,052 148,717 0.3525
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.