Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionCIBC Private Wealth Group, LLC
Latest Disclosed Ownership44,563 shares
Latest Disclosed Value $ 12,866,289
CIBC Private Wealth Group, LLC reports 1.98% increase in ownership of NSC / Norfolk Southern Corporation

On February 12, 2026 - CIBC Private Wealth Group, LLC filed a 13F-HR form disclosing ownership of 44,563 shares of Norfolk Southern Corporation (US:NSC) valued at $12,866,229 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 24, 2025 disclosing 43,699 shares of Norfolk Southern Corporation. This represents a change in shares of 1.98% during the quarter. The current value of the position is $13,968,272 USD.

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)
2026-02-12 2025-12-31 13F NORFOLK SOUTHN COM 655844108 44,563 864 1.98 12,866 -1.99 0.0217
2025-11-24 2025-09-30 13F NORFOLK SOUTHN COM 655844108 43,699 1,509 3.58 13,128 21.56 0.0225
2025-08-12 2025-06-30 13F NORFOLK SOUTHN COM 655844108 42,190 -67 -0.16 10,799 23.86 0.0193
2025-05-14 2025-03-31 13F NORFOLK SOUTHN COM 655844108 42,257 -459 -1.07 8,719 -13.84 0.0184
2025-02-12 2024-12-31 13F Norfolk Southern COM 655844108 42,716 -107 -0.25 10,120 -4.91 0.0183
2024-11-13 2024-09-30 13F Norfolk Southern COM 655844108 42,823 12,694 42.13 10,642 64.85 0.0191
2024-08-09 2024-06-30 13F Norfolk Southern COM 655844108 30,129 -270 -0.89 6,455 -15.73 0.0121
2024-05-10 2024-03-31 13F Norfolk Southern COM 655844108 30,399 -204 -0.67 7,661 5.90 0.0150
2024-02-13 2023-12-31 13F NORFOLK SOUTHN CORP COM COM 655844108 30,603 2,301 8.13 7,234 29.79 0.0153
2023-11-13 2023-09-30 13F NORFOLK SOUTHN CORP COM COM 655844108 28,302 -5,042 -15.12 5,574 -26.29 0.0132
2023-11-21 2023-06-30 13F/A-1 NORFOLK SOUTHN CORP COM COM 655844108 33,344 -564 -1.66 7,561 121.02 0.0165
2023-08-10 2023-06-30 13F NORFOLK SOUTHN CORP COM COM 655844108 33,344 -564 7,561 0.0165
2023-11-21 2023-03-31 13F/A-1 NORFOLK SOUTHN CORP COM COM 655844108 33,908 -791 -2.28 3,421 -31.28 0.0076
2023-05-12 2023-03-31 13F NORFOLK SOUTHN CORP COM COM 655844108 33,908 -791 3,421 0.0074
2023-06-01 2022-12-31 13F/A-2 NORFOLK SOUTHN CORP COM COM 655844108 34,699 -150 -0.43 4,979 -31.86 0.0167
2023-02-14 2022-12-31 13F/A-1 NORFOLK SOUTHN CORP COM COM 655844108 34,699 -150 8,551 0.0179
2023-02-13 2022-12-31 13F NORFOLK SOUTHN CORP COM COM 655844108 69,398 34,549 8,751 0.0000
2022-11-15 2022-09-30 13F NORFOLK SOUTHN CORP COM COM 655844108 34,849 -141 -0.40 7,306 -8.12 0.0197
2022-08-03 2022-06-30 13F NORFOLK SOUTHN COM 655844108 34,990 -171 -0.49 7,952 -20.69 0.0207
2022-05-16 2022-03-31 13F NORFOLK SOUTHN COM 655844108 35,161 376 1.08 10,027 -3.17 0.0219
2022-04-04 2021-12-31 13F/A-1 NORFOLK SOUTHN COM 655844108 34,785 23 0.07 10,355 24.52 0.0215
2022-02-08 2021-12-31 13F NORFOLK SOUTHN COM 655844108 34,785 23 10,355 0.0215
2021-11-12 2021-09-30 13F NORFOLK SOUTHN COM 655844108 34,762 -2,168 -5.87 8,316 -15.16 0.0193
2021-08-16 2021-06-30 13F NORFOLK SOUTHN COM 655844108 36,930 -330 -0.89 9,802 -2.02 0.0225
2021-05-12 2021-03-31 13F NORFOLK SOUTHN COM 655844108 37,260 228 0.62 10,004 13.69 0.0252
2021-02-12 2020-12-31 13F NORFOLK SOUTHN COM 655844108 37,032 1,208 3.37 8,799 14.78 0.0233
2020-11-03 2020-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 35,824 2,717 8.21 7,666 31.88 0.0235
2020-08-13 2020-06-30 13F NORFOLK SOUTHN CORP COM Com 655844108 33,107 -14,691 -30.74 5,813 -16.70 0.0282
2020-05-15 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 47,798 -18,797 -28.23 6,978 -46.02 0.0299
2020-01-30 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 66,595 697 1.06 12,928 9.20 0.0422
2019-10-16 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 65,898 -21,178 -24.32 11,839 -31.79 0.0416
2019-07-31 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 87,076 -410 -0.47 17,356 6.15 0.0609
2019-05-10 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 87,486 -1,982 -2.22 16,350 22.21 0.0631
2019-02-05 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 89,468 -93 -0.10 13,379 -17.24 0.0597
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 89,561 336 0.38 16,166 20.10 0.0613
2018-08-02 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 89,225 -11,695 -11.59 13,461 -1.77 0.0549
2018-08-02 2018-06-30 13F GRAMERCY PPTY TR COM NEW 385002308 838 -13,151 23 0.0001
2018-05-17 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 100,920 13,418 15.33 13,703 8.08 0.0596
2018-05-17 2018-03-31 13F GRAMERCY PPTY TR COM NEW 385002308 13,989 985 304 0.0013
2018-02-12 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 87,502 -46,245 -34.58 12,679 -28.31 0.0538
2018-02-12 2017-12-31 13F GRAMERCY PPTY TR COM NEW 385002308 13,004 838 346 0.0015
2017-12-21 2017-09-30 13F/A-1 NORFOLK SOUTHN CORP COM COM 655844108 133,747 14,060 11.75 17,687 21.43 0.0806
2017-12-21 2017-09-30 13F/A-1 GRAMERCY PPTY TR COM COM NEW 385002308 12,166 0 368 0.0017
2017-11-14 2017-09-30 13F NORFOLK SOUTHN CORP COM COM 655844108 133,747 14,060 17,687
2017-11-14 2017-09-30 13F GRAMERCY PPTY TR COM COM NEW 385002308 12,166 368
2017-08-09 2017-06-30 13F NORFOLK SOUTHN CORP COM Com 655844108 119,687 -1,600 -1.32 14,566 7.25 0.0915
2017-08-09 2017-06-30 13F GRAMERCY PPTY TR COM Com 385002308 12,166 -199 361 0.0023
2017-05-10 2017-03-31 13F NORFOLK SOUTHN CORP COM Com 655844108 121,287 -79 -0.07 13,581 3.54 0.0853
2017-05-10 2017-03-31 13F GRAMERCY PPTY TR COM Com 385002308 12,365 -109,001 325 0.0020
2017-02-13 2016-12-31 13F NORFOLK SOUTHN CORP COM Com 655844108 121,366 -3,634 -2.91 13,117 8.12 0.0867
2016-11-09 2016-09-30 13F NORFOLK SOUTHN CORP COM Com 655844108 125,000 110,284 749.42 12,132 868.24 0.0841
2016-08-11 2016-06-30 13F NORFOLK SOUTHN CORP COM Com 655844108 14,716 1,533 11.63 1,253 14.12 0.0091
2016-05-11 2016-03-31 13F NORFOLK SOUTHN CORP COM Com 655844108 13,183 297 2.30 1,098 0.83 0.0085
2016-02-10 2015-12-31 13F NORFOLK SOUTHN CORP COM Com 655844108 12,886 -245 -1.87 1,089 8.68 0.0085
2015-11-12 2015-09-30 13F NORFOLK SOUTHN CORP COM Com 655844108 13,131 -204 -1.53 1,002 -13.92 0.0082
2015-08-13 2015-06-30 13F NORFOLK SOUTHN CORP COM Com 655844108 13,335 145 1.10 1,164 -14.22 0.0085
2015-05-11 2015-03-31 13F NORFOLK SOUTHN CORP COM Com 655844108 13,190 210 1.62 1,357 -4.64 0.0100
2015-02-12 2014-12-31 13F NORFOLK SOUTHN CORP COM Com 655844108 12,980 493 3.95 1,423 2.08 0.0109
2014-11-12 2014-09-30 13F NORFOLK SOUTHN CORP COM Com 655844108 12,487 0 0.00 1,394 8.31 0.0110
2014-08-13 2014-06-30 13F NORFOLK SOUTHN CORP COM Com 655844108 12,487 -425 -3.29 1,287 2.06 0.0104
2014-05-14 2014-03-31 13F NORFOLK SOUTHN CORP COM COM 655844108 12,912 12,912 1,261 0.0107
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.