Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionCwm, Llc
Latest Disclosed Ownership14,133 shares
Latest Disclosed Value $ 4,056,254
Cwm, Llc reports 7.85% increase in ownership of NSC / Norfolk Southern Corporation

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 14,133 shares of Norfolk Southern Corporation (US:NSC) valued at $4,056,171 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 13,104 shares of Norfolk Southern Corporation. This represents a change in shares of 7.85% during the quarter. The current value of the position is $4,312,120 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)
2026-05-14 2026-03-31 13F NORFOLK SOUTHN COM 655844108 14,133 1,029 7.85 4,056 135,100.00 0.0107
2026-01-26 2025-12-31 13F NORFOLK SOUTHN COM 655844108 13,104 -316 -2.35 4 -25.00 0.0103
2025-10-15 2025-09-30 13F NORFOLK SOUTHN COM 655844108 13,420 591 4.61 4 33.33 0.0121
2025-07-25 2025-06-30 13F NORFOLK SOUTHN COM 655844108 12,829 3,286 34.43 3 50.00 0.0116
2025-05-01 2025-03-31 13F NORFOLK SOUTHN COM 655844108 9,543 373 4.07 2 0.00 0.0090
2025-02-04 2024-12-31 13F NORFOLK SOUTHN COM 655844108 9,170 548 6.36 2 0.00 0.0089
2024-10-08 2024-09-30 13F NORFOLK SOUTHN COM 655844108 8,622 1,254 17.02 2 100.00 0.0092
2024-07-10 2024-06-30 13F NORFOLK SOUTHN COM 655844108 7,368 -235 -3.09 2 0.00 0.0075
2024-04-05 2024-03-31 13F NORFOLK SOUTHN COM 655844108 7,603 1,554 25.69 2 0.00 0.0094
2024-02-01 2023-12-31 13F NORFOLK SOUTHN COM 655844108 6,049 697 13.02 1 0.00 0.0077
2023-10-11 2023-09-30 13F NORFOLK SOUTHN COM 655844108 5,352 117 2.23 1 0.00 0.0065
2023-08-03 2023-06-30 13F NORFOLK SOUTHN COM 655844108 5,235 -287 -5.20 1 0.00 0.0073
2023-05-01 2023-03-31 13F NORFOLK SOUTHN COM 655844108 5,522 -196 -3.43 1 0.00 0.0079
2023-02-01 2022-12-31 13F NORFOLK SOUTHN COM 655844108 5,718 2 0.03 1 -99.92 0.0104
2022-10-27 2022-09-30 13F NORFOLK SOUTHN COM 655844108 5,716 1,234 27.53 1,198 17.57 0.0095
2022-07-28 2022-06-30 13F NORFOLK SOUTHN COM 655844108 4,482 257 6.08 1,019 -15.44 0.0079
2022-04-21 2022-03-31 13F NORFOLK SOUTHN COM 655844108 4,225 466 12.40 1,205 7.69 0.0085
2022-01-31 2021-12-31 13F NORFOLK SOUTHN COM 655844108 3,759 1,422 60.85 1,119 80.48 0.0079
2021-09-15 2021-06-30 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 0 0.00 620 0.00 0.0049
2021-07-29 2021-06-30 13F NORFOLK SOUTHN COM 655844108 2,337 0 620 0.0049
2021-09-15 2021-03-31 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 0 0.00 620 0.00 0.0049
2021-04-27 2021-03-31 13F NORFOLK SOUTHN COM 655844108 2,011 -326 540 0.0047
2021-09-15 2020-12-31 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 0 0.00 620 0.00 0.0049
2021-01-27 2020-12-31 13F NORFOLK SOUTHN COM 655844108 1,609 -728 382 0.0036
2021-09-15 2020-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 0 0.00 620 0.00 0.0049
2020-10-19 2020-09-30 13F NORFOLK SOUTHN COM 655844108 1,837 -500 393 0.0044
2021-09-15 2020-06-30 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 0 0.00 620 0.00 0.0049
2020-07-22 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 1,500 -837 263 0.0031
2021-09-15 2020-03-31 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 0 0.00 620 0.00 0.0049
2020-04-28 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 1,549 -788 226 0.0034
2021-09-14 2019-12-31 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 0 0.00 620 0.00 0.0049
2020-01-27 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 2,771 434 538 0.0069
2021-09-14 2019-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 0 0.00 620 0.00 0.0049
2019-10-22 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 1,432 -905 257 0.0037
2021-09-14 2019-06-30 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 0 0.00 620 0.00 0.0049
2019-07-31 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 1,549 -788 309 0.0051
2021-09-02 2019-03-31 13F/A-1 NORFOLK SOUTHN COM 655844108 2,337 993 73.88 620 208.46 0.0049
2019-04-22 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 1,259 -85 235 0.0047
2019-01-25 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 1,344 54 4.19 201 -13.73 0.0050
2018-10-29 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 1,290 390 43.33 233 71.32 0.0059
2018-07-31 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 900 257 39.97 136 56.32 0.0045
2018-04-26 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 643 53 8.98 87 2.35 0.0035
2018-01-16 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 590 305 107.02 85 844.44 0.0038
2018-01-16 2017-12-31 13F GRAMERCY PPTY TR COM NEW 385002308 451 -101 12 0.0005
2017-10-16 2017-09-30 13F GRAMERCY PPTY TR COM NEW 385002308 285 -147 -34.03 9 -83.02 0.0004
2017-10-16 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 552 120 73 0.0035
2017-07-17 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 432 19 4.60 53 15.22 0.0027
2017-04-17 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 413 -428 -50.89 46 -49.45 0.0026
2017-01-19 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 841 -14 -1.64 91 9.64 0.0056
2016-10-17 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 855 33 4.01 83 18.57 0.0057
2016-07-21 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 822 0 0.00 70 2.94 0.0051
2016-04-18 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 822 0 0.00 68 -2.86 0.0060
2016-02-01 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 822 0 0.00 70 11.11 0.0068
2015-10-30 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 822 787 2,248.57 63 2,000.00 0.0063
2014-02-14 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 35 35 3 0.0005
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.