Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionRafferty Asset Management, LLC
Latest Disclosed Ownership16,179 shares
Latest Disclosed Value $ 4,643,373
Rafferty Asset Management, LLC reports 25.73% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - Rafferty Asset Management, LLC filed a 13F-HR form disclosing ownership of 16,179 shares of Norfolk Southern Corporation (MX:NSC) valued at $4,643,373 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 21,784 shares of Norfolk Southern Corporation. This represents a change in shares of -25.73% 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 16,179 -5,605 -25.73 4,643 -26.17 0.0189
2026-02-13 2025-12-31 13F NORFOLK SOUTHN COM 655844108 21,784 -81 -0.37 6,289 -4.25 0.0217
2025-11-12 2025-09-30 13F NORFOLK SOUTHN COM 655844108 21,865 -265 -1.20 6,568 15.96 0.0213
2025-08-14 2025-06-30 13F NORFOLK SOUTHN COM 655844108 22,130 3,149 16.59 5,665 26.01 0.0187
2025-05-14 2025-03-31 13F NORFOLK SOUTHN COM 655844108 18,981 -5,036 -20.97 4,496 -20.24 0.0192
2025-02-14 2024-12-31 13F NORFOLK SOUTHN COM 655844108 24,017 2,673 12.52 5,637 6.28 0.0199
2024-11-13 2024-09-30 13F NORFOLK SOUTHN COM 655844108 21,344 -1,296 -5.72 5,304 9.12 0.0182
2024-08-13 2024-06-30 13F NORFOLK SOUTHN COM 655844108 22,640 46 0.20 4,861 -15.60 0.0180
2024-05-13 2024-03-31 13F NORFOLK SOUTHN COM 655844108 22,594 -169 -0.74 5,759 7.03 0.0215
2024-02-13 2023-12-31 13F NORFOLK SOUTHN COM 655844108 22,763 944 4.33 5,381 25.23 0.0227
2023-11-13 2023-09-30 13F NORFOLK SOUTHN COM 655844108 21,819 807 3.84 4,297 -9.82 0.0253
2023-08-11 2023-06-30 13F NORFOLK SOUTHN COM 655844108 21,012 2,023 10.65 4,765 18.36 0.0269
2023-05-11 2023-03-31 13F NORFOLK SOUTHN COM 655844108 18,989 1,508 8.63 4,026 -6.55 0.0273
2023-02-13 2022-12-31 13F NORFOLK SOUTHN COM 655844108 17,481 7,368 72.86 4,308 103.16 0.0361
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 10,113 1,876 22.78 2,120 13.25 0.0226
2022-08-12 2022-06-30 13F NORFOLK SOUTHN COM 655844108 8,237 -808 -8.93 1,872 -27.44 0.0172
2022-05-13 2022-03-31 13F NORFOLK SOUTHN COM 655844108 9,045 -5,320 -37.03 2,580 -39.68 0.0153
2022-02-10 2021-12-31 13F NORFOLK SOUTHN COM 655844108 14,365 -12,463 -46.46 4,277 -33.37 0.0225
2021-11-10 2021-09-30 13F NORFOLK SOUTHN COM 655844108 26,828 -10,320 -27.78 6,419 -34.89 0.0439
2021-08-10 2021-06-30 13F NORFOLK SOUTHN COM 655844108 37,148 18,347 97.59 9,859 95.31 0.0621
2021-05-10 2021-03-31 13F NORFOLK SOUTHN COM 655844108 18,801 933 5.22 5,048 18.89 0.0345
2021-02-10 2020-12-31 13F NORFOLK SOUTHN COM 655844108 17,868 6,181 52.89 4,246 69.77 0.0415
2020-11-13 2020-09-30 13F NORFOLK SOUTHN COM 655844108 11,687 -501 -4.11 2,501 16.87 0.0302
2020-08-07 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 12,188 9,776 405.31 2,140 507.95 0.0302
2020-05-15 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 2,412 280 13.13 352 -14.98 0.0147
2020-02-10 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 2,132 668 45.63 414 57.41 0.0064
2019-11-14 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 1,464 -358 -19.65 263 -27.55 0.0041
2019-08-09 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 1,822 -801 -30.54 363 -25.92 0.0064
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 2,623 -805 -23.48 490 -4.48 0.0079
2019-02-11 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 3,428 1,386 67.87 513 39.02 0.0112
2018-11-09 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 2,042 -1,031 -33.55 369 -20.47 0.0057
2018-08-14 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 3,073 -954 -23.69 464 -15.17 0.0069
2018-05-15 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 4,027 1,753 77.09 547 65.76 0.0081
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 2,274 2,274 330 0.0057
2016-02-12 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 0 -5,847 -100.00 0 -100.00
2015-11-12 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 5,847 2,074 54.97 447 21.80 0.0353
2014-05-14 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 3,773 3,773 367 0.0760
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.