Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionKBC Group NV
Latest Disclosed Ownership30,435 shares
Latest Disclosed Value $ 8,735
KBC Group NV reports 59.86% increase in ownership of NSC / Norfolk Southern Corporation

On May 7, 2026 - KBC Group NV filed a 13F-HR form disclosing ownership of 30,435 shares of Norfolk Southern Corporation (US:NSC) valued at $8,734,845 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 19,039 shares of Norfolk Southern Corporation. This represents a change in shares of 59.86% during the quarter. The current value of the position is $9,286,023 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.

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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)
2026-05-07 2026-03-31 13F NORFOLK SOUTHN COM 655844108 30,435 11,396 59.86 9 60.00 0.0113
2026-01-26 2025-12-31 13F NORFOLK SOUTHN COM 655844108 19,039 0 0.00 5 0.00 0.0125
2026-01-20 2025-09-30 13F NORFOLK SOUTHN COM 655844108 19,039 590 3.20 6 25.00 0.0137
2025-08-08 2025-06-30 13F NORFOLK SOUTHN COM 655844108 18,449 1,439 8.46 5 0.00 0.0128
2025-04-25 2025-03-31 13F NORFOLK SOUTHN COM 655844108 17,010 -3,074 -15.31 4 0.00 0.0125
2025-01-22 2024-12-31 13F NORFOLK SOUTHN COM 655844108 20,084 2,439 13.82 5 0.00 0.0130
2024-11-06 2024-09-30 13F NORFOLK SOUTHN COM 655844108 17,645 0 0.00 4 33.33 0.0132
2024-07-17 2024-06-30 13F NORFOLK SOUTHN COM 655844108 17,645 268 1.54 4 -25.00 0.0114
2024-05-08 2024-03-31 13F NORFOLK SOUTHN COM 655844108 17,377 -2,948 -14.50 4 0.00 0.0141
2024-02-13 2023-12-31 13F NORFOLK SOUTHN COM 655844108 20,325 2,528 14.20 5 33.33 0.0170
2024-02-15 2023-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 17,797 157 0.89 4 -25.00 0.0143
2023-11-22 2023-09-30 13F NORFOLK SOUTHN COM 655844108 17,446 0 4 0.0165
2024-02-15 2023-06-30 13F/A-1 NORFOLK SOUTHN COM 655844108 17,640 -10,840 -38.06 4 -33.33 0.0165
2023-07-28 2023-06-30 13F NORFOLK SOUTHN COM 655844108 17,446 -10,840 4 0.0165
2024-02-14 2023-03-31 13F/A-1 NORFOLK SOUTHN COM 655844108 28,480 9,773 52.24 6 50.00 0.0256
2023-05-04 2023-03-31 13F NORFOLK SOUTHN COM 655844108 28,286 9,937 6 0.0283
2024-02-14 2022-12-31 13F/A-1 NORFOLK SOUTHN COM 655844108 18,707 61 0.33 5 33.33 0.0224
2023-02-13 2022-12-31 13F NORFOLK SOUTHN COM 655844108 18,349 -297 4 0.0000
2024-02-15 2022-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 18,646 508 2.80 4 -25.00 0.0203
2022-11-08 2022-09-30 13F NORFOLK SOUTHN COM 655844108 18,349 211 3,847 0.0201
2024-02-14 2022-06-30 13F/A-1 NORFOLK SOUTHN COM 655844108 18,138 1,186 7.00 4 0.00 0.0206
2022-07-26 2022-06-30 13F NORFOLK SOUTHN COM 655844108 17,823 871 4,051 0.0204
2024-02-14 2022-03-31 13F/A-1 NORFOLK SOUTHN COM 655844108 16,952 -2,167 -11.33 5 -20.00 0.0191
2022-05-06 2022-03-31 13F NORFOLK SOUTHN COM 655844108 16,952 -2,167 4,835 0.0179
2024-02-14 2021-12-31 13F/A-1 NORFOLK SOUTHN COM 655844108 19,119 -13,711 -41.76 6 -99.94 0.0188
2022-02-03 2021-12-31 13F NORFOLK SOUTHN COM 655844108 19,119 -13,711 5,692 0.0178
2021-11-10 2021-09-30 13F NORFOLK SOUTHN COM 655844108 32,830 -347 -1.05 7,855 -10.80 0.0288
2022-02-15 2021-06-30 13F/A-1 NORFOLK SOUTHN COM 655844108 33,177 -8,912 -21.17 8,806 -22.08 0.0317
2021-08-11 2021-06-30 13F NORFOLK SOUTHN COM 655844108 33,177 -8,912 8,806 0.0317
2022-02-14 2021-03-31 13F/A-1 NORFOLK SOUTHN COM 655844108 42,089 -3,183 -7.03 11,302 -89.49 0.0458
2021-04-26 2021-03-31 13F NORFOLK SOUTHERN COM 655844108 42,089 -3,183 11,302 0.0458
2022-02-14 2020-12-31 13F/A-1 NORFOLK SOUTHN COM 655844108 45,272 4,921 12.20 107,571 1,145.76 0.0506
2021-02-10 2020-12-31 13F NORFOLK SOUTHN COM 655844108 45,272 4,921 10,757 0.0495
2022-02-14 2020-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 40,351 13,528 50.43 8,635 83.37 0.0509
2020-10-28 2020-09-30 13F NORFOLK SOUTHN COM 655844108 40,351 13,528 8,635 0.0511
2022-02-14 2020-06-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 26,823 -4,738 -15.01 4,709 2.19 0.0311
2020-08-10 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 26,823 -4,738 4,709 0.0315
2020-05-04 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 31,561 4,695 17.48 4,608 -11.64 0.0386
2020-02-11 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 26,866 -166,692 -86.12 5,215 -85.00 0.0330
2019-11-07 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 193,558 -90,842 -31.94 34,775 -38.66 0.2550
2019-08-08 2019-06-30 13F/A-1 NORFOLK SOUTHERN CP COM 655844108 284,400 -16,645 -5.53 56,689 0.76 0.4389
2019-07-30 2019-06-30 13F NORFOLK SOUTHERN CP COM 655844108 284,400 -254,137 56,689
2019-08-07 2019-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 301,045 99,673 49.50 56,262 86.84 0.4635
2019-05-10 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 301,045 99,673 56,262
2019-01-31 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 201,372 4,455 2.26 30,113 -15.28 0.3355
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 196,917 102,895 109.44 35,543 150.57 0.2689
2018-08-03 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 94,022 459 0.49 14,185 11.67 0.1235
2018-08-03 2018-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 93,563 27,086 40.74 12,703 31.87 0.1175
2018-05-09 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 93,563 27,086 12,703
2018-08-03 2017-12-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 66,477 9,972 17.65 9,633 28.90 0.0824
2018-02-07 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 66,477 9,972 9,633
2017-11-13 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 56,505 8,702 18.20 7,473 28.47 0.0678
2017-08-04 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 47,803 -144 -0.30 5,817 8.34 0.0562
2017-05-10 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 47,947 15,711 48.74 5,369 54.10 0.0485
2017-05-10 2017-03-31 13F GRAMERCY PPTY TR COM NEW 385002308 58,350 26,114 1,535 0.0139
2017-02-16 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 32,236 3,057 10.48 3,484 23.02 0.0345
2016-11-03 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 29,179 2,566 9.64 2,832 25.03 0.0335
2016-08-03 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 26,613 -826 -3.01 2,265 -0.83 0.0324
2016-05-11 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 27,439 20 0.07 2,284 -1.51 0.0379
2016-02-11 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 27,419 1,903 7.46 2,319 18.92 0.0427
2015-11-12 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 25,516 -355 -1.37 1,950 -13.72 0.0392
2015-12-16 2015-06-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 25,871 -2,321 -8.23 2,260 -22.12 0.0290
2015-07-31 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 25,871 2,260
2015-12-16 2015-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 28,192 -36,338 -56.31 2,902 -58.97 0.0369
2015-04-30 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 28,192 2,902
2015-12-15 2014-12-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 64,530 19,521 43.37 7,073 40.81 0.0842
2015-02-12 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 64,530 7,073
2014-10-16 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 45,009 -84,082 -65.13 5,023 -62.23 0.1753
2014-08-01 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 129,091 36,408 39.28 13,300 47.66 0.1519
2014-04-30 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 92,683 5,546 6.36 9,007 11.35 0.1422
2014-01-21 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 87,137 -8,570 -8.95 8,089 9.25 0.1224
2013-11-06 2013-09-30 13F NORFOLK SOUTHERN COM 655844108 95,707 594 0.62 7,404 7.15 0.1192
2013-07-29 2013-06-30 13F NORFOLK SOUTHERN COM 655844108 95,113 95,113 6,910 0.1282
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.