Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionNational Pension Service
Latest Disclosed Ownership530,245 shares
Latest Disclosed Value $ 152,180,315
National Pension Service reports 5.59% decrease in ownership of NSC / Norfolk Southern Corporation

On May 12, 2026 - National Pension Service filed a 13F-HR form disclosing ownership of 530,245 shares of Norfolk Southern Corporation (MX:NSC) valued at $152,180,315 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 561,647 shares of Norfolk Southern Corporation. This represents a change in shares of -5.59% 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)
2026-05-12 2026-03-31 13F NORFOLK SOUTHN COM 655844108 530,245 -31,402 -5.59 152,180 -6.15 0.1156
2026-02-10 2025-12-31 13F NORFOLK SOUTHN NORFOLK SOUTHN CORP 655844108 561,647 -19,614 -3.37 162,159 -7.13 0.1201
2025-11-04 2025-09-30 13F NORFOLK SOUTHN COM 655844108 581,261 12,089 2.12 174,617 19.85 0.1356
2025-08-08 2025-06-30 13F NORFOLK SOUTHN COM 655844108 569,172 7,681 1.37 145,691 9.55 0.1258
2025-05-13 2025-03-31 13F NORFOLK SOUTHN COM 655844108 561,491 55,362 10.94 132,989 11.95 0.1278
2025-02-05 2024-12-31 13F NORFOLK SOUTHN COM 655844108 506,129 -14,691 -2.82 118,788 -8.22 0.1124
2024-10-30 2024-09-30 13F NORFOLKSOUTHNCORP COM 655844108 520,820 72,198 16.09 129,424 34.38 0.1248
2024-08-13 2024-06-30 13F NORFOLK SOUTHN COM 655844108 448,622 10,400 2.37 96,315 -13.77 0.1107
2024-05-14 2024-03-31 13F NORFOLK SOUTHN COM 655844108 438,222 -3,375 -0.76 111,690 7.00 0.1340
2024-02-07 2023-12-31 13F NORFOLK SOUTHN COM 655844108 441,597 10,785 2.50 104,385 22.21 0.1454
2023-11-15 2023-09-30 13F NORFOLK SOUTHN COM 655844108 430,812 17,515 4.24 85,417 -8.54 0.1367
2023-08-16 2023-06-30 13F NORFOLK SOUTHN COM 655844108 413,297 12,444 3.10 93,397 11.57 0.1507
2023-05-12 2023-03-31 13F NORFOLK SOUTHN COM 655844108 400,853 15,030 3.90 83,714 -11.95 0.1524
2023-02-24 2022-12-31 13F/A-1 NORFOLK SOUTHN COM 655844108 385,823 7,709 2.04 95,075 17.20 0.1870
2023-02-21 2022-12-31 13F NORFOLK SOUTHN COM 655844108 385,823 7,709 95 0.1870
2023-02-24 2022-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 378,114 3,494 0.93 81,124 -4.72 0.1693
2022-11-18 2022-09-30 13F NORFOLK SOUTHN COM 655844108 378,114 3,494 81,124 0.1693
2022-08-17 2022-06-30 13F NORFOLK SOUTHN COM 655844108 374,620 28,847 8.34 85,147 -13.66 0.1755
2022-05-13 2022-03-31 13F NORFOLK SOUTHN COM 655844108 345,773 5,231 1.54 98,621 -2.72 0.1800
2022-02-15 2021-12-31 13F NORFOLK SOUTHN COM 655844108 340,542 -14,559 -4.10 101,383 19.33 0.1769
2021-11-18 2021-09-30 13F NORFOLK SOUTHN COM 655844108 355,101 -1,394 -0.39 84,958 -10.21 0.1618
2021-08-17 2021-06-30 13F NORFOLK SOUTHN COM 655844108 356,495 4,897 1.39 94,617 0.22 0.1797
2021-05-14 2021-03-31 13F NORFOLK SOUTHN COM 655844108 351,598 13,604 4.02 94,411 17.56 0.1975
2021-02-19 2020-12-31 13F NORFOLK SOUTHN COM 655844108 337,994 6,380 1.92 80,311 9.58 0.1831
2020-11-13 2020-09-30 13F NORFOLK SOUTHN COM 655844108 331,614 0 0.00 73,293 25.89 0.1925
2020-08-11 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 331,614 -7,737 -2.28 58,221 17.51 0.1663
2020-05-27 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 339,351 3,604 1.07 49,545 -23.99 0.1677
2020-02-21 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 335,747 -14,335 -4.09 65,179 3.63 0.1788
2019-11-15 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 350,082 16,169 4.84 62,896 -5.50 0.1990
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 333,913 11,577 3.59 66,559 10.49 0.2225
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 322,336 11,372 3.66 60,241 6.60 0.2317
2019-02-15 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 310,964 17,878 6.10 56,511 6.82 0.2331
2018-11-15 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 293,086 12,956 4.62 52,902 26.13 0.2154
2018-08-14 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 280,130 10,098 3.74 41,941 14.39 0.1898
2018-04-13 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 270,032 1,488 0.55 36,665 -5.77 0.1817
2018-01-17 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 268,544 8,909 3.43 38,912 12.86 0.1943
2017-10-16 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 259,635 10,500 4.21 34,477 15.78 0.1897
2017-07-13 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 249,135 20,529 8.98 29,777 14.01 0.1774
2017-04-11 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 228,606 -1,561 -0.68 26,118 5.00 0.1748
2017-01-18 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 230,167 15,185 7.06 24,874 19.21 0.1702
2016-10-14 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 214,982 17,361 8.78 20,866 24.03 0.1672
2016-08-11 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 197,621 11,891 6.40 16,823 8.80 0.1493
2016-05-16 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 185,730 7,300 4.09 15,462 2.44 0.1549
2016-02-12 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 178,430 10,681 6.37 15,093 17.77 0.1585
2015-10-15 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 167,749 30,889 22.57 12,816 7.19 0.1620
2015-07-15 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 136,860 18,964 16.09 11,956 -1.47 0.1551
2015-04-15 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 117,896 9,806 9.07 12,134 2.41 0.1753
2015-01-13 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 108,090 -13,980 -11.45 11,848 -13.03 0.2000
2014-11-07 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 122,070 122,070 13,623 0.2163
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.