Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionSoutheast Asset Advisors Inc.
Latest Disclosed Ownership1,923 shares
Latest Disclosed Value $ 551,810
Southeast Asset Advisors Inc. reports 35.33% increase in ownership of NSC / Norfolk Southern Corporation

On May 13, 2026 - Southeast Asset Advisors Inc. filed a 13F-HR form disclosing ownership of 1,923 shares of Norfolk Southern Corporation (MX:NSC) valued at $551,810 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 1,421 shares of Norfolk Southern Corporation. This represents a change in shares of 35.33% 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)
2026-05-13 2026-03-31 13F NORFOLK SOUTHN COM 655844108 1,923 502 35.33 552 34.39 0.0605
2026-02-13 2025-12-31 13F NORFOLK SOUTHN COM 655844108 1,421 1 0.07 410 -3.76 0.0390
2025-11-07 2025-09-30 13F NORFOLK SOUTHN COM 655844108 1,420 2 0.14 427 17.36 0.0464
2025-08-12 2025-06-30 13F NORFOLK SOUTHN COM 655844108 1,418 1 0.07 363 8.36 0.0432
2025-05-14 2025-03-31 13F NORFOLK SOUTHN COM 655844108 1,417 2 0.14 336 0.90 0.0411
2025-02-13 2024-12-31 13F NORFOLK SOUTHN COM 655844108 1,415 -48 -3.28 332 -8.54 0.0407
2024-11-13 2024-09-30 13F NORFOLK SOUTHN COM 655844108 1,463 2 0.14 364 15.97 0.0402
2024-08-12 2024-06-30 13F NORFOLK SOUTHN COM 655844108 1,461 2 0.14 314 -15.63 0.0377
2024-05-14 2024-03-31 13F NORFOLK SOUTHN COM 655844108 1,459 2 0.14 372 7.85 0.0447
2024-02-13 2023-12-31 13F NORFOLK SOUTHN COM 655844108 1,457 2 0.14 344 20.28 0.0456
2023-11-14 2023-09-30 13F NORFOLK SOUTHN COM 655844108 1,455 103 7.62 286 -6.54 0.0403
2023-08-10 2023-06-30 13F NORFOLK SOUTHN COM 655844108 1,352 2 0.15 307 6.99 0.0437
2023-05-12 2023-03-31 13F NORFOLK SOUTHN COM 655844108 1,350 2 0.15 286 -13.86 0.0429
2023-02-09 2022-12-31 13F NORFOLK SOUTHN COM 655844108 1,348 2 0.15 332 17.73 0.0528
2022-11-04 2022-09-30 13F NORFOLK SOUTHN COM 655844108 1,346 1 0.07 282 -7.84 0.0479
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 1,345 2 0.15 306 -20.10 0.0483
2022-05-13 2022-03-31 13F NORFOLK SOUTHN COM 655844108 1,343 2 0.15 383 -4.01 0.0508
2022-02-14 2021-12-31 13F NORFOLK SOUTHN COM 655844108 1,341 -2 -0.15 399 24.30 0.0547
2021-11-15 2021-09-30 13F NORFOLK SOUTHN COM 655844108 1,343 4 0.30 321 -9.58 0.0527
2021-08-13 2021-06-30 13F NORFOLK SOUTHN COM 655844108 1,339 2 0.15 355 -1.11 0.0582
2021-05-13 2021-03-31 13F NORFOLK SOUTHN COM 655844108 1,337 1 0.07 359 13.25 0.0644
2021-02-16 2020-12-31 13F NORFOLK SOUTHN COM 655844108 1,336 1 0.07 317 10.84 0.0629
2020-11-12 2020-09-30 13F NORFOLK SOUTHN COM 655844108 1,335 1,335 286 0.0641
2020-04-10 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 0 -1,430 -100.00 0 -100.00
2020-02-14 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 1,430 -298 -17.25 278 -10.32 0.0661
2019-11-14 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 1,728 2 0.12 310 -9.88 0.0792
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 1,726 1 0.06 344 6.83 0.0901
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 1,725 1 0.06 322 24.81 0.0862
2019-02-13 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 1,724 -98 -5.38 258 -21.58 0.0772
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 1,822 2 0.11 329 19.64 0.0882
2018-08-13 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 1,820 1 0.05 275 11.34 0.0792
2018-05-15 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 1,819 2 0.11 247 -6.08 0.0732
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 1,817 1 0.06 263 9.58 0.0796
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 1,816 2 0.11 240 8.60 0.0759
2017-08-14 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 1,814 1 0.06 221 8.87 0.0718
2017-05-15 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 1,813 1,813 203 0.0634
2017-02-14 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 0 -2,300 -100.00 0 -100.00
2016-11-14 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 2,300 2,300 223 0.0748
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.