Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionQube Research & Technologies Ltd
Latest Disclosed Ownership917,991 shares
Latest Disclosed Value $ 263,463,417
Qube Research & Technologies Ltd reports 402.82% increase in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - Qube Research & Technologies Ltd filed a 13F-HR form disclosing ownership of 917,991 shares of Norfolk Southern Corporation (US:NSC) valued at $263,463,417 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 182,568 shares of Norfolk Southern Corporation. This represents a change in shares of 402.82% during the quarter. The current value of the position is $280,088,234 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)
2026-05-15 2026-03-31 13F NORFOLK SOUTHN COM 655844108 917,991 735,423 402.82 263,463 399.83 0.2930
2026-02-17 2025-12-31 13F NORFOLK SOUTHN COM 655844108 182,568 149,568 453.24 52,711 431.74 0.0535
2025-11-14 2025-09-30 13F NORFOLK SOUTHN COM 655844108 33,000 33,000 9,914 0.0102
2025-02-14 2024-12-31 13F NORFOLK SOUTHN COM 655844108 0 -12,190 -100.00 0 -100.00
2024-11-14 2024-09-30 13F NORFOLK SOUTHN COM 655844108 12,190 -122,825 -90.97 3,029 -89.55 0.0045
2024-08-14 2024-06-30 13F NORFOLK SOUTHN COM 655844108 135,015 32,844 32.15 28,986 11.31 0.0458
2024-05-14 2024-03-31 13F NORFOLK SOUTHN COM 655844108 102,171 79,661 353.89 26,040 389.47 0.0413
2024-02-13 2023-12-31 13F NORFOLK SOUTHN COM 655844108 22,510 -144,010 -86.48 5,321 -83.78 0.0104
2023-11-13 2023-09-30 13F NORFOLK SOUTHN COM 655844108 166,520 65,966 65.60 32,793 43.82 0.0857
2023-08-14 2023-06-30 13F NORFOLK SOUTHN COM 655844108 100,554 -204,290 -67.01 22,802 -64.72 0.0829
2023-05-15 2023-03-31 13F NORFOLK SOUTHN COM 655844108 304,844 304,844 64,627 0.2780
2023-02-14 2022-12-31 13F NORFOLK SOUTHN COM 655844108 0 -102,921 -100.00 0 -100.00
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 102,921 102,921 21,577 0.1285
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 0 -24,361 -100.00 0 -100.00
2022-05-09 2022-03-31 13F NORFOLK SOUTHN COM 655844108 24,361 20,261 494.17 6,948 469.04 0.0589
2022-02-10 2021-12-31 13F/A-1 NORFOLK SOUTHN COM 655844108 4,100 -28,423 -87.39 1,221 -84.31 0.0094
2022-02-01 2021-12-31 13F NORFOLK SOUTHN COM 655844108 4,100 -28,423 1,221 0.0094
2021-11-12 2021-09-30 13F NORFOLK SOUTHN COM 655844108 32,523 -65,182 -66.71 7,781 -69.99 0.0976
2021-08-13 2021-06-30 13F NORFOLK SOUTHN COM 655844108 97,705 73,005 295.57 25,932 291.01 0.2955
2021-05-14 2021-03-31 13F NORFOLK SOUTHN COM 655844108 24,700 8,913 56.46 6,632 76.81 0.1052
2021-02-16 2020-12-31 13F NORFOLK SOUTHN COM 655844108 15,787 -75,828 -82.77 3,751 -80.87 0.0533
2020-11-12 2020-09-30 13F NORFOLK SOUTHN COM 655844108 91,615 91,615 19,605 0.2798
2020-05-15 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 0 -1,174 -100.00 0 -100.00
2020-02-13 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 1,174 -137 -10.45 228 -3.39 0.0072
2019-11-13 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 1,311 1,311 236 0.1572
2019-08-02 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 0 -9,071 -100.00 0 -100.00
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 9,071 1,084 13.57 1,695 41.96 0.2238
2019-02-14 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 7,987 2,594 48.10 1,194 22.71 0.5151
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 5,393 3,793 237.06 973 2,111.36 0.1294
2018-08-15 2018-06-30 13F/A-1 GRAMERCY PPTY TR COM NEW 385002308 1,600 42 2.70 44 -79.15 0.0278
2018-08-14 2018-06-30 13F GRAMERCY PPTY TR COM NEW 385002308 1,600 44
2018-05-14 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 1,558 1,558 211 0.0811
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.