Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionValeo Financial Advisors, LLC
Latest Disclosed Ownership6,276 shares
Latest Disclosed Value $ 1,801,306
Valeo Financial Advisors, LLC reports 15.58% decrease in ownership of NSC / Norfolk Southern Corporation

On May 8, 2026 - Valeo Financial Advisors, LLC filed a 13F-HR form disclosing ownership of 6,276 shares of Norfolk Southern Corporation (MX:NSC) valued at $1,801,306 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 7,434 shares of Norfolk Southern Corporation. This represents a change in shares of -15.58% 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)
2026-05-08 2026-03-31 13F NORFOLK SOUTHERN CRP Stock 655844108 6,276 -1,158 -15.58 1,801 -16.08 0.0430
2026-02-04 2025-12-31 13F NORFOLK SOUTHERN CRP Stock 655844108 7,434 -1 -0.01 2,146 -3.90 0.0476
2025-11-03 2025-09-30 13F NORFOLK SOUTHERN CRP Stock 655844108 7,435 -180 -2.36 2,234 14.57 0.0509
2025-09-12 2025-06-30 13F/A-1 NORFOLK SOUTHERN CRP Stock 655844108 7,615 259 3.52 1,949 11.88 0.0479
2025-07-22 2025-06-30 13F NORFOLK SOUTHERN CRP Stock 655844108 7,554 198 1,934 0.0465
2025-04-30 2025-03-31 13F NORFOLK SOUTHERN CRP Stock 655844108 7,356 227 3.18 1,742 4.12 0.0486
2025-01-30 2024-12-31 13F NORFOLK SOUTHERN CRP Stock 655844108 7,129 -317 -4.26 1,673 -9.57 0.0465
2024-10-10 2024-09-30 13F NORFOLK SOUTHERN CRP Stock 655844108 7,446 -212 -2.77 1,850 12.53 0.0527
2024-07-10 2024-06-30 13F NORFOLK SOUTHERN CRP Stock 655844108 7,658 -153 -1.96 1,644 -10.89 0.0514
2024-04-25 2024-03-31 13F/A-1 NORFOLK SOUTHERN CRP Stock 655844108 7,811 679 9.52 1,845 9.50 0.0661
2024-04-19 2024-03-31 13F NORFOLK SOUTHERN CRP Stock 655844108 7,859 727 2,003 0.0689
2024-01-29 2023-12-31 13F NORFOLK SOUTHERN CRP Stock 655844108 7,132 1,336 23.05 1,686 47.68 0.0681
2023-10-20 2023-09-30 13F NORFOLK SOUTHERN CRP Stock 655844108 5,796 -193 -3.22 1,141 -15.98 0.0520
2023-07-14 2023-06-30 13F NORFOLK SOUTHERN CRP Stock 655844108 5,989 281 4.92 1,358 12.23 0.0620
2023-04-17 2023-03-31 13F NORFOLK SOUTHERN CRP Stock 655844108 5,708 939 19.69 1,210 2.98 0.0583
2023-02-09 2022-12-31 13F NORFOLK SOUTHERN CRP Stock 655844108 4,769 556 13.20 1,175 33.07 0.0645
2022-10-31 2022-09-30 13F NORFOLK SOUTHERN CRP Stock 655844108 4,213 -10 -0.24 883 -8.02 0.0563
2022-08-03 2022-06-30 13F NORFOLK SOUTHERN CRP Stock 655844108 4,223 -1,848 -30.44 960 -44.57 0.0602
2022-04-28 2022-03-31 13F NORFOLK SOUTHERN CRP Stock 655844108 6,071 720 13.46 1,732 8.73 0.0880
2022-01-07 2021-12-31 13F NORFOLK SOUTHERN CRP Stock 655844108 5,351 6 0.11 1,593 24.55 0.0862
2021-11-02 2021-09-30 13F NORFOLK SOUTHERN CRP Stock 655844108 5,345 700 15.07 1,279 3.73 0.0731
2021-07-22 2021-06-30 13F NORFOLK SOUTHERN CRP Stock 655844108 4,645 -4,348 -48.35 1,233 -48.94 0.0748
2021-04-12 2021-03-31 13F NORFOLK SOUTHERN CRP Stock 655844108 8,993 -613 -6.38 2,415 5.83 0.1117
2021-02-11 2020-12-31 13F NORFOLK SOUTHERN CRP Stock 655844108 9,606 3,552 58.67 2,282 76.08 0.1173
2020-10-28 2020-09-30 13F NORFOLK SOUTHERN CRP Stock 655844108 6,054 -168 -2.70 1,296 18.68 0.1133
2020-07-20 2020-06-30 13F NORFOLK SOUTHERN CRP Stock 655844108 6,222 639 11.45 1,092 22.83 0.0994
2020-04-13 2020-03-31 13F NORFOLK SOUTHERN CRP Stock 655844108 5,583 435 8.45 889 -11.01 0.0945
2020-01-24 2019-12-31 13F NORFOLK SOUTHERN CRP Stock 655844108 5,148 -159 -3.00 999 4.83 0.0970
2019-10-15 2019-09-30 13F NORFOLK SOUTHERN CRP Stock 655844108 5,307 -522 -8.96 953 -17.99 0.1053
2019-07-10 2019-06-30 13F NORFOLK SOUTHERN CRP Stock 655844108 5,829 6 0.10 1,162 6.80 0.1331
2019-04-12 2019-03-31 13F NORFOLK SOUTHERN CRP Stock 655844108 5,823 130 2.28 1,088 27.85 0.1322
2019-01-30 2018-12-31 13F NORFOLK SOUTHERN CRP Stock 655844108 5,693 -124 -2.13 851 -12.81 0.1193
2018-11-01 2018-09-30 13F NORFOLK SOUTHERN CRP Stock 655844108 5,817 5,784 17,527.27 976 97,500.00 0.1318
2018-08-14 2018-06-30 13F GRAMERCY PPTY TR COM REIT 385002308 33 0 0.00 1 0.00 0.0001
2018-08-14 2018-06-30 13F NORFOLK SOUTHERN CRP Stock 655844108 5,775 161 988 0.1384
2018-04-12 2018-03-31 13F GRAMERCY PPTY TR COM REIT 385002308 33 0 0.00 1 0.00 0.0002
2018-04-12 2018-03-31 13F NORFOLK SOUTHERN CRP Stock 655844108 5,614 -842 762 0.1222
2018-02-09 2017-12-31 13F GRAMERCY PPTY TR COM REIT 385002308 33 -3,859 -99.15 1 -99.81 0.0002
2018-02-09 2017-12-31 13F NORFOLK SOUTHERN CORP COM Stock 655844108 6,456 2,564 935 0.1534
2017-11-15 2017-09-30 13F/A-1 NORFOLK SOUTHERN CORP COM Stock 655844108 3,892 3,892 515 0.1166
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN CORP COM Stock 655844108 3,892 515
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.