Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionMAI Capital Management
Latest Disclosed Ownership21,926 shares
Latest Disclosed Value $ 6,292,680
MAI Capital Management reports 0.72% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - MAI Capital Management filed a 13F-HR form disclosing ownership of 21,926 shares of Norfolk Southern Corporation (MX:NSC) valued at $6,292,680 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 22,086 shares of Norfolk Southern Corporation. This represents a change in shares of -0.72% 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 21,926 -160 -0.72 6,293 -1.32 0.0355
2026-02-13 2025-12-31 13F NORFOLK SOUTHN COM 655844108 22,086 -161 -0.72 6,377 -4.59 0.0367
2025-11-10 2025-09-30 13F NORFOLK SOUTHN COM 655844108 22,247 941 4.42 6,683 22.56 0.0416
2025-08-12 2025-06-30 13F NORFOLK SOUTHN COM 655844108 21,306 -1,163 -5.18 5,454 2.48 0.0377
2025-05-15 2025-03-31 13F NORFOLK SOUTHN COM 655844108 22,469 603 2.76 5,322 3.70 0.0401
2025-02-14 2024-12-31 13F NORFOLK SOUTHN COM 655844108 21,866 1,874 9.37 5,132 3.30 0.0380
2024-11-07 2024-09-30 13F Norfolk Southern CS 655844108 19,992 -2,535 -11.25 4,968 2.71 0.0473
2024-08-12 2024-06-30 13F Norfolk Southern CS 655844108 22,527 1,011 4.70 4,836 -11.80 0.0474
2024-05-08 2024-03-31 13F Norfolk Southern CS 655844108 21,516 13,818 179.50 5,484 201.43 0.0568
2024-02-09 2023-12-31 13F Norfolk Southern CS 655844108 7,698 116 1.53 1,820 21.84 0.0239
2023-11-14 2023-09-30 13F Norfolk Southern CS 655844108 7,582 -324 -4.10 1,493 -16.69 0.0222
2023-08-02 2023-06-30 13F Norfolk Southern CS 655844108 7,906 -161 -2.00 1,793 4.80 0.0264
2023-05-10 2023-03-31 13F Norfolk Southern CS 655844108 8,067 191 2.43 1,710 -11.86 0.0269
2023-02-09 2022-12-31 13F Norfolk Southern CS 655844108 7,876 282 3.71 1,941 21.86 0.0326
2022-11-15 2022-09-30 13F Norfolk Southern CS 655844108 7,594 387 5.37 1,592 -2.81 0.0299
2022-07-19 2022-06-30 13F Norfolk Southern CS 655844108 7,207 -157 -2.13 1,638 -22.00 0.0313
2022-05-10 2022-03-31 13F Norfolk Southern CS 655844108 7,364 742 11.21 2,100 6.54 0.0353
2022-02-11 2021-12-31 13F Norfolk Southern CS 655844108 6,622 883 15.39 1,971 43.55 0.0318
2021-11-12 2021-09-30 13F Norfolk Southern CS 655844108 5,739 -32 -0.55 1,373 -10.38 0.0264
2021-07-19 2021-06-30 13F Norfolk Southern CS 655844108 5,771 271 4.93 1,532 3.72 0.0304
2021-05-10 2021-03-31 13F Norfolk Southern CS 655844108 5,500 259 4.94 1,477 18.63 0.0330
2021-02-16 2020-12-31 13F Norfolk Southern CS 655844108 5,241 361 7.40 1,245 19.25 0.0311
2020-10-26 2020-09-30 13F Norfolk Southern CS 655844108 4,880 183 3.90 1,044 26.55 0.0302
2020-07-27 2020-06-30 13F Norfolk Southern CS 655844108 4,697 156 3.44 825 24.43 0.0259
2020-04-16 2020-03-31 13F Norfolk Southern CS 655844108 4,541 -5 -0.11 663 -24.92 0.0271
2020-02-03 2019-12-31 13F Norfolk Southern CS 655844108 4,546 -89 -1.92 883 6.00 0.0286
2019-10-29 2019-09-30 13F Norfolk Southern CS 655844108 4,635 -124 -2.61 833 -12.22 0.0371
2019-08-15 2019-06-30 13F Norfolk Southern CS 655844108 4,759 172 3.75 949 10.74 0.0429
2019-04-29 2019-03-31 13F Norfolk Southern CS 655844108 4,587 205 4.68 857 30.84 0.0439
2019-01-30 2018-12-31 13F Norfolk Southern CS 655844108 4,382 -27 -0.61 655 -17.71 0.0382
2018-10-12 2018-09-30 13F Norfolk Southern CS 655844108 4,409 3 0.07 796 19.70 0.0407
2018-08-16 2018-06-30 13F Norfolk Southern CS 655844108 4,406 14 0.32 665 11.58 0.0359
2018-04-17 2018-03-31 13F Norfolk Southern CS 655844108 4,392 4 0.09 596 -6.29 0.0338
2018-01-30 2017-12-31 13F Norfolk Southern CS 655844108 4,388 221 5.30 636 15.43 0.0361
2017-10-12 2017-09-30 13F Norfolk Southern CS 655844108 4,167 -921 -18.10 551 -10.99 0.0335
2017-08-07 2017-06-30 13F Norfolk Southern CS 655844108 5,088 468 10.13 619 19.73 0.0399
2017-05-11 2017-03-31 13F Norfolk Southern CS 655844108 4,620 -29,380 -86.41 517 65.71 0.0348
2017-01-31 2016-12-31 13F Gramercy Property Trust RE 385002308 34,000 28,896 566.14 312 -36.97 0.0227
2017-01-31 2016-12-31 13F Norfolk Southern CS 655844108 4,620 -484 499 0.0363
2016-10-18 2016-09-30 13F Norfolk Southern CS 655844108 5,104 3 0.06 495 14.06 0.0373
2016-07-14 2016-06-30 13F Norfolk Southern CS 655844108 5,101 4 0.08 434 2.36 0.0334
2016-04-08 2016-03-31 13F Norfolk Southern CS 655844108 5,097 3 0.06 424 -1.62 0.0324
2016-01-27 2015-12-31 13F Norfolk Southern CS 655844108 5,094 -47 -0.91 431 9.67 0.0329
2015-10-28 2015-09-30 13F Norfolk Southern CS 655844108 5,141 4 0.08 393 -12.47 0.0297
2015-07-09 2015-06-30 13F Norfolk Southern CS 655844108 5,137 4 0.08 449 -14.96 0.0296
2015-04-30 2015-03-31 13F Norfolk Southern CS 655844108 5,133 3 0.06 528 -6.05 0.0354
2015-01-20 2014-12-31 13F Norfolk Southern CS 655844108 5,130 452 9.66 562 7.66 0.0394
2014-10-16 2014-09-30 13F/A-1 Norfolk Southern CS 655844108 4,678 3 0.06 522 8.30 0.0503
2014-10-16 2014-09-30 13F Norfolk Southern COM 655844108 4,675 482
2014-07-28 2014-06-30 13F Norfolk Southern COM 655844108 4,675 -141 -2.93 482 2.99 0.0463
2014-04-28 2014-03-31 13F Norfolk Southern COM 655844108 4,816 -405 -7.76 468 -3.51 0.0471
2014-02-06 2013-12-31 13F Norfolk Southern COM 655844108 5,221 6 0.12 485 20.35 0.0514
2013-10-28 2013-09-30 13F Norfolk Southern COM 655844108 5,215 1,606 44.50 403 53.82 0.0524
2013-08-01 2013-06-30 13F Norfolk Southern COM 655844108 3,609 3,609 262 0.0342
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.