Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionBallast, Inc.
Latest Disclosed Ownership2,129 shares
Latest Disclosed Value $ 611,023
Ballast, Inc. ownership in NSC / Norfolk Southern Corporation

On May 15, 2026 - Ballast, Inc. filed a 13F-HR form disclosing ownership of 2,129 shares of Norfolk Southern Corporation (US:NSC) valued at $611,023 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 3, 2026 disclosing 2,129 shares of Norfolk Southern Corporation. This represents a change in shares of 0.00% during the quarter. The current value of the position is $649,579 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)
2026-05-15 2026-03-31 13F NORFOLK SOUTHN COM 655844108 2,129 0 0.00 611 -0.49 0.1413
2026-02-03 2025-12-31 13F NORFOLK SOUTHN COM 655844108 2,129 -279 -11.59 615 -15.08 0.1439
2025-11-07 2025-09-30 13F NORFOLK SOUTHN COM 655844108 2,408 0 0.00 723 17.37 0.1753
2025-11-07 2025-06-30 13F/A-1 NORFOLK SOUTHN COM 655844108 2,408 -425 -15.00 616 -8.06 0.1614
2025-05-12 2025-03-31 13F NORFOLK SOUTHN COM 655844108 2,833 -11 -0.39 671 0.45 0.1898
2025-01-16 2024-12-31 13F NORFOLK SOUTHN COM 655844108 2,844 0 0.00 667 -5.52 0.1908
2024-10-16 2024-09-30 13F NORFOLK SOUTHN COM 655844108 2,844 -25 -0.87 707 14.80 0.2005
2024-07-15 2024-06-30 13F NORFOLK SOUTHN COM 655844108 2,869 25 0.88 616 -15.06 0.1896
2024-05-06 2024-03-31 13F NORFOLK SOUTHN COM 655844108 2,844 11 0.39 725 8.22 0.2290
2024-01-18 2023-12-31 13F NORFOLK SOUTHN COM 655844108 2,833 0 0.00 670 20.11 0.2309
2023-10-18 2023-09-30 13F NORFOLK SOUTHN COM 655844108 2,833 -30 -1.05 558 -14.18 0.2223
2023-07-19 2023-06-30 13F NORFOLK SOUTHN COM 655844108 2,863 0 0.00 649 7.10 0.2485
2023-04-19 2023-03-31 13F NORFOLK SOUTHN COM 655844108 2,863 80 2.87 607 -11.53 0.2490
2023-01-26 2022-12-31 13F NORFOLK SOUTHN COM 655844108 2,783 0 0.00 686 17.50 0.2999
2022-10-18 2022-09-30 13F NORFOLK SOUTHERN CRP COM 655844108 2,783 0 0.00 583 -7.75 0.2849
2022-07-14 2022-06-30 13F NORFOLK SOUTHERN CRP COM 655844108 2,783 0 0.00 632 -20.30 0.2947
2022-04-18 2022-03-31 13F NORFOLK SOUTHERN CRP COM 655844108 2,783 0 0.00 793 -4.23 0.3057
2022-01-18 2021-12-31 13F NORFOLK SOUTHERN CRP COM 655844108 2,783 125 4.70 828 30.39 0.3222
2021-11-12 2021-09-30 13F NORFOLK SOUTHERN CRP COM 655844108 2,658 0 0.00 635 -9.93 0.2676
2021-08-04 2021-06-30 13F NORFOLK SOUTHERN CRP COM 655844108 2,658 0 0.00 705 -1.12 0.2972
2021-05-05 2021-03-31 13F NORFOLK SOUTHERN CRP COM 655844108 2,658 0 0.00 713 13.00 0.3428
2021-01-21 2020-12-31 13F NORFOLK SOUTHERN CRP COM 655844108 2,658 0 0.00 631 11.09 0.3218
2020-10-14 2020-09-30 13F NORFOLK SOUTHERN CRP COM 655844108 2,658 -367 -12.13 568 6.97 0.3247
2020-08-11 2020-06-30 13F NORFOLK SOUTHERN CRP COM 655844108 3,025 0 0.00 531 20.41 0.3340
2020-04-17 2020-03-31 13F NORFOLK SOUTHERN CRP COM 655844108 3,025 0 0.00 441 -24.87 0.3133
2020-01-14 2019-12-31 13F NORFOLK SOUTHERN CRP COM 655844108 3,025 -270 -8.19 587 -0.68 0.3241
2019-10-22 2019-09-30 13F NORFOLK SOUTHERN CRP COM 655844108 3,295 0 0.00 591 -9.91 0.3629
2019-07-26 2019-06-30 13F NORFOLK SOUTHERN CRP COM 655844108 3,295 0 0.00 656 6.67 0.4076
2019-04-30 2019-03-31 13F NORFOLK SOUTHERN CRP COM 655844108 3,295 -50 -1.49 615 23.00 0.4007
2019-02-01 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 3,345 0 0.00 500 -17.22 0.3841
2018-11-02 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 3,345 -250 -6.95 604 11.44 0.4136
2018-07-19 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 3,595 0 0.00 542 11.07 0.4214
2018-05-11 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 3,595 0 0.00 488 -6.33 0.3894
2018-02-12 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 3,595 3,595 521 0.4399
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.