Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionNeuberger Berman Group LLC
Latest Disclosed Ownership566,607 shares
Latest Disclosed Value $ 162,616,207
Neuberger Berman Group LLC reports 5.98% decrease in ownership of NSC / Norfolk Southern Corporation

On May 14, 2026 - Neuberger Berman Group LLC filed a 13F-HR form disclosing ownership of 566,607 shares of Norfolk Southern Corporation (MX:NSC) valued at $162,616,207 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 602,648 shares of Norfolk Southern Corporation. This represents a change in shares of -5.98% 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 Common 655844108 566,607 -36,041 -5.98 162,616 -6.54 0.1238
2026-02-13 2025-12-31 13F NORFOLK SOUTHERN Common 655844108 602,648 33,524 5.89 173,997 1.77 0.1295
2025-11-12 2025-09-30 13F NORFOLK SOUTHERN Common 655844108 569,124 432,450 316.41 170,971 388.71 0.1249
2025-08-25 2025-06-30 13F/A-1 NORFOLK SOUTHERN Common 655844108 136,674 -219,968 -61.68 34,984 -58.58 0.0269
2025-08-13 2025-06-30 13F NORFOLK SOUTHERN Common 655844108 136,674 -219,968 34,984 0.0139
2025-05-13 2025-03-31 13F NORFOLK SOUTHERN Common 655844108 356,642 -716,487 -66.77 84,471 -66.46 0.0707
2025-02-13 2024-12-31 13F NORFOLK SOUTHERN Common 655844108 1,073,129 657,467 158.17 251,863 143.84 0.1999
2024-11-14 2024-09-30 13F NORFOLK SOUTHERN Common 655844108 415,662 -98,818 -19.21 103,292 -6.48 0.0806
2024-11-14 2024-06-30 13F/A-1 NORFOLK SOUTHERN Common 655844108 514,480 79,500 18.28 110,453 -0.37 0.0907
2024-08-13 2024-06-30 13F NORFOLK SOUTHERN Common 655844108 514,480 79,500 110,453 0.0907
2024-11-14 2024-03-31 13F/A-1 NORFOLK SOUTHERN Common 655844108 434,980 290,455 200.97 110,863 224.52 0.0916
2024-05-13 2024-03-31 13F NORFOLK SOUTHERN Common 655844108 434,980 290,455 110,863 0.0916
2024-11-14 2023-12-31 13F/A-2 NORFOLK SOUTHERN Common 655844108 144,525 -2,469 -1.68 34,163 18.02 0.0298
2024-02-09 2023-12-31 13F NORFOLK SOUTHERN Common 655844108 144,525 -2,469 34,163 0.0298
2023-11-14 2023-09-30 13F NORFOLK SOUTHERN Common 655844108 146,994 -1,333 -0.90 28,948 -13.94 0.0264
2023-08-11 2023-06-30 13F NORFOLK SOUTHERN Common 655844108 148,327 -5,169 -3.37 33,635 3.36 0.0301
2023-05-12 2023-03-31 13F NORFOLK SOUTHERN Common 655844108 153,496 -11,573 -7.01 32,541 -20.00 0.0302
2023-02-13 2022-12-31 13F NORFOLK SOUTHERN Common 655844108 165,069 -110,117 -40.02 40,676 -29.52 0.0399
2022-11-15 2022-09-30 13F NORFOLK SOUTHERN Common 655844108 275,186 55,135 25.06 57,709 15.31 0.0603
2022-08-15 2022-06-30 13F NORFOLK SOUTHERN Common 655844108 220,051 1,217 0.56 50,046 -19.85 0.0503
2022-05-23 2022-03-31 13F/A-1 NORFOLK SOUTHERN Common 655844108 218,834 855 0.39 62,443 -2.34 0.0529
2022-05-13 2022-03-31 13F NORFOLK SOUTHERN Common 655844108 218,834 855 61,396 0.0274
2022-02-11 2021-12-31 13F NORFOLK SOUTHERN Common 655844108 217,979 30,841 16.48 63,940 44.23 0.0502
2021-11-12 2021-09-30 13F NORFOLK SOUTHERN Common 655844108 187,138 5,654 3.12 44,332 -7.24 0.0388
2021-08-13 2021-06-30 13F NORFOLK SOUTHERN Common 655844108 181,484 660 0.36 47,790 -1.01 0.0417
2021-05-13 2021-03-31 13F NORFOLK SOUTHERN Common 655844108 180,824 1,132 0.63 48,280 13.28 0.0461
2021-02-10 2020-12-31 13F NORFOLK SOUTHERN Common 655844108 179,692 15,491 9.43 42,621 21.47 0.0442
2020-11-12 2020-09-30 13F NORFOLK SOUTHERN Common 655844108 164,201 -6,827 -3.99 35,088 16.98 0.0416
2020-08-13 2020-06-30 13F NORFOLK SOUTHERN Common 655844108 171,028 -12,569 -6.85 29,994 11.90 0.0373
2020-05-14 2020-03-31 13F NORFOLK SOUTHERN Common 655844108 183,597 -41,624 -18.48 26,805 -38.69 0.0409
2020-02-12 2019-12-31 13F NORFOLK SOUTHERN Common 655844108 225,221 -1,729 -0.76 43,722 7.23 0.0510
2019-11-13 2019-09-30 13F NORFOLK SOUTHERN Common 655844108 226,950 82 0.04 40,774 -9.84 0.0498
2019-08-13 2019-06-30 13F NORFOLK SOUTHERN Common 655844108 226,868 -11,032 -4.64 45,222 1.71 0.0541
2019-05-13 2019-03-31 13F NORFOLK SOUTHERN Common 655844108 237,900 -87,978 -27.00 44,461 -8.76 0.0545
2019-02-12 2018-12-31 13F NORFOLK SOUTHERN Common 655844108 325,878 -177,422 -35.25 48,732 -46.36 0.0679
2018-11-16 2018-09-30 13F/A-1 NORFOLK SOUTHERN Common 655844108 503,300 -10,186 -1.98 90,846 17.27 0.1029
2018-11-16 2018-09-30 13F/A-1 GRAMERCY PROPERTY TRUST COMMON 385002308 7,444 -506,042 204 0.0002
2018-11-13 2018-09-30 13F NORFOLK SOUTHERN Common 655844108 503,300 -10,186 90,846
2018-11-13 2018-09-30 13F GRAMERCY PROPERTY TRUST COMMON 385002308 7,444 204
2018-08-13 2018-06-30 13F NORFOLK SOUTHERN Common 655844108 513,486 -15,215 -2.88 77,470 7.92 0.0855
2018-05-08 2018-03-31 13F NORFOLK SOUTHERN Common 655844108 528,701 -100,183 -15.93 71,787 -21.22 0.0820
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN Common 655844108 628,884 -157,233 -20.00 91,125 -12.34 0.1047
2017-11-15 2017-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 786,117 -52,761 -6.29 103,956 1.83 0.1300
2017-11-15 2017-09-30 13F GRAMERCY PROPERTY TRUST COMMON STOCK 385002308 7,660 -831,218 232 0.0003
2017-08-08 2017-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 838,878 189,024 29.09 102,091 40.30 0.1311
2017-05-10 2017-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 649,854 105,085 19.29 72,764 23.59 0.0939
2017-02-06 2016-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 544,769 359,854 194.61 58,873 228.02 0.0791
2016-11-02 2016-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 184,915 -13,043 -6.59 17,948 6.50 0.0244
2016-08-05 2016-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 197,958 -439,463 -68.94 16,852 -68.24 0.0232
2016-05-06 2016-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 637,421 186,009 41.21 53,065 38.97 0.0730
2016-01-28 2015-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 451,412 13,401 3.06 38,185 14.11 0.0500
2015-11-10 2015-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 438,011 -14,712 -3.25 33,464 -15.39 0.0431
2015-07-31 2015-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 452,723 -482,611 -51.60 39,550 -58.92 0.0440
2015-05-06 2015-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 935,334 935,334 0.00 96,265 0.1028
2015-02-05 2014-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 0 -1,014,426 -100.00 0 -100.00
2014-11-04 2014-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 1,014,426 -66,692 -6.17 113,209 1.64 0.1162
2014-08-05 2014-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 1,081,118 -129,712 -10.71 111,387 -5.33 0.1088
2014-05-05 2014-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 1,210,830 -480,178 -28.40 117,656 -25.05 0.1197
2014-02-11 2013-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 1,691,008 -174,133 -9.34 156,976 8.81 0.1614
2013-10-29 2013-09-30 13F/A-1 NORFOLK SOUTHERN COMMON STOCK 655844108 1,865,141 -34,471 -1.81 144,269 4.54 0.1602
2013-10-29 2013-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 1,012,428 66,648
2013-08-13 2013-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 1,899,612 1,899,612 138,007 0.1641
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.