Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionShelton Capital Management
Latest Disclosed Ownership6,221 shares
Latest Disclosed Value $ 1,785,427
Shelton Capital Management reports 44.56% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - Shelton Capital Management filed a 13F-HR form disclosing ownership of 6,221 shares of Norfolk Southern Corporation (MX:NSC) valued at $1,785,427 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 11,221 shares of Norfolk Southern Corporation. This represents a change in shares of -44.56% 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.

Upgrade to unlock premium data and export to Excel .

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 6,221 -5,000 -44.56 1,785 -44.89 0.0391
2026-02-17 2025-12-31 13F NORFOLK SOUTHN COM 655844108 11,221 10,000 819.00 3,240 784.97 0.0640
2025-11-14 2025-09-30 13F NORFOLK SOUTHN COM 655844108 1,221 -31 -2.48 367 14.38 0.0079
2025-08-13 2025-06-30 13F NORFOLK SOUTHN COM 655844108 1,252 -25 -1.96 320 5.96 0.0074
2025-05-15 2025-03-31 13F NORFOLK SOUTHN COM 655844108 1,277 0 0.00 302 1.00 0.0072
2025-02-13 2024-12-31 13F NORFOLK SOUTHN COM 655844108 1,277 -61 -4.56 300 -9.94 0.0075
2024-11-14 2024-09-30 13F NORFOLK SOUTHN COM 655844108 1,338 0 0.00 332 15.68 0.0085
2024-08-13 2024-06-30 13F NORFOLK SOUTHN COM 655844108 1,338 0 0.00 287 -15.84 0.0078
2024-05-15 2024-03-31 13F NORFOLK SOUTHN COM 655844108 1,338 -100 -6.95 341 0.59 0.0097
2024-02-14 2023-12-31 13F NORFOLK SOUTHN COM 655844108 1,438 -65 -4.32 340 14.92 0.0108
2023-11-14 2023-09-30 13F NORFOLK SOUTHN COM 655844108 1,503 0 0.00 296 -13.24 0.0108
2023-08-10 2023-06-30 13F NORFOLK SOUTHN COM 655844108 1,503 0 0.00 341 6.92 0.0122
2023-05-11 2023-03-31 13F NORFOLK SOUTHN COM 655844108 1,503 -1 -0.07 319 -14.05 0.0133
2023-02-13 2022-12-31 13F NORFOLK SOUTHN COM 655844108 1,504 -100 -6.23 371 10.12 0.0388
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 1,604 -63 -3.78 336 -11.35 0.0160
2022-08-11 2022-06-30 13F NORFOLK SOUTHN COM 655844108 1,667 -208 -11.09 379 -29.16 0.0170
2022-05-12 2022-03-31 13F NORFOLK SOUTHN COM 655844108 1,875 100 5.63 535 1.33 0.0198
2022-02-11 2021-12-31 13F NORFOLK SOUTHN COM 655844108 1,775 -42 -2.31 528 21.38 0.0187
2021-11-15 2021-09-30 13F NORFOLK SOUTHN COM 655844108 1,817 -49 -2.63 435 -12.12 0.0170
2021-08-12 2021-06-30 13F NORFOLK SOUTHN COM 655844108 1,866 -1,866 -50.00 495 -50.60 0.0187
2021-05-14 2021-03-31 13F NORFOLK SOUTHN COM 655844108 3,732 1,779 91.09 1,002 115.95 0.0349
2021-02-16 2020-12-31 13F NORFOLK SOUTHN COM 655844108 1,953 8 0.41 464 11.54 0.0209
2020-11-09 2020-09-30 13F NORFOLK SOUTHN COM 655844108 1,945 -448 -18.72 416 -0.95 0.0172
2020-08-12 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 2,393 -67 -2.72 420 16.99 0.0231
2020-05-13 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 2,460 0 0.00 359 -24.90 0.0260
2020-02-11 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 2,460 -231 -8.58 478 -1.04 0.0264
2019-11-13 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 2,691 0 0.00 483 -9.89 0.0285
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 2,691 2,131 380.54 536 -82.12 0.0309
2019-05-10 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 560 -2,438 -81.32 2,998 569.20 0.0118
2019-01-31 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 2,998 0 0.00 448 -17.19 0.0305
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 2,998 -10,970 -78.54 541 -74.32 0.0309
2018-08-10 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 13,968 -1,300 -8.51 2,107 1.64 0.1311
2018-05-15 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 15,268 -3,000 -16.42 2,073 -21.68 0.1360
2018-02-06 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 18,268 0 0.00 2,647 9.56 0.1700
2017-11-28 2017-09-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 18,268 0 0.00 2,416 8.68 0.1631
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 18,268 0 2,416
2017-08-14 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 18,268 -139 -0.76 2,223 7.86 0.1571
2017-11-28 2017-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 18,407 -100 -0.54 2,061 3.05 0.1427
2017-05-15 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 18,407 -100 2,061
2017-11-28 2016-12-31 13F/A-2 NORFOLK SOUTHERN COM 655844108 18,507 0 0.00 2,000 11.36 0.1523
2017-02-16 2016-12-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 18,507 0 2,000 0.1756
2017-02-13 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 18,507 2,000
2017-12-06 2016-09-30 13F/A-2 NORFOLK SOUTHERN COM 655844108 18,507 39 0.21 1,796 14.25 0.1499
2017-12-04 2016-09-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 18,507 0 2,000 0.1275
2016-11-14 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 18,507 39 1,796
2016-08-01 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 18,468 15,770 584.51 1,572 598.67 0.1385
2016-05-13 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 2,698 0 0.00 225 -1.32 0.0204
2016-02-01 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 2,698 0 0.00 228 10.68 0.0220
2015-11-02 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 2,698 -800 -22.87 206 -32.68 0.0227
2015-08-11 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 3,498 300 9.38 306 -6.99 0.0317
2015-05-12 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 3,198 400 14.30 329 7.17 0.0355
2015-02-10 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 2,798 200 7.70 307 5.86 0.0358
2014-10-15 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 2,598 200 8.34 290 17.41 0.0390
2014-07-25 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 2,398 0 0.00 247 6.01 0.0345
2014-04-14 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 2,398 0 0.00 233 4.48 0.0342
2014-01-22 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 2,398 2,398 223 0.0337
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.