Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionSilvercrest Asset Management Group Llc
Latest Disclosed Ownership18,014 shares
Latest Disclosed Value $ 5,170,039
Silvercrest Asset Management Group Llc reports 1.04% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - Silvercrest Asset Management Group Llc filed a 13F-HR form disclosing ownership of 18,014 shares of Norfolk Southern Corporation (US:NSC) valued at $5,170,018 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 18,204 shares of Norfolk Southern Corporation. This represents a change in shares of -1.04% during the quarter. The current value of the position is $5,496,252 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 SOUTHERN CORP COM COM 655844108 18,014 -190 -1.04 5,170 -1.62 0.0374
2026-02-17 2025-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 18,204 95 0.52 5,256 -3.40 0.0361
2025-11-14 2025-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 18,109 -75 -0.41 5,440 16.89 0.0360
2025-08-14 2025-06-30 13F NORFOLK SOUTHN COM 655844108 18,184 140 0.78 4,655 8.92 0.0313
2025-05-15 2025-03-31 13F NORFOLK SOUTHERN COM 655844108 18,044 710 4.10 4,274 5.04 0.0306
2025-02-14 2024-12-31 13F NORFOLK SOUTHERN COM 655844108 17,334 -3,702 -17.60 4,068 -22.17 0.0272
2024-11-14 2024-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 21,036 -122 -0.58 5,227 15.08 0.0356
2024-08-15 2024-06-30 13F/A-1 NORFOLK SOUTHERN CORP COM COM 655844108 21,158 -986 -4.45 4,542 -19.51 0.0312
2024-08-14 2024-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 42,316 20,172 9,085 0.0312
2024-05-15 2024-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,144 771 3.61 5,644 11.70 0.0382
2024-02-14 2023-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 21,373 -342 -1.57 5,052 18.15 0.0357
2023-11-14 2023-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 21,715 -150 -0.69 4,276 -13.76 0.0325
2023-08-14 2023-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 21,865 -714 -3.16 4,958 3.59 0.0354
2023-05-15 2023-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,579 -121 -0.53 4,787 -14.43 0.0363
2023-02-14 2022-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,700 14 0.06 5,594 17.60 0.0430
2022-11-14 2022-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,686 4 0.02 4,756 -7.74 0.0391
2022-08-15 2022-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,682 -119 -0.52 5,155 -20.74 0.0392
2022-05-16 2022-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,801 -33 -0.14 6,504 -4.32 0.0422
2022-02-14 2021-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,834 345 1.53 6,798 26.33 0.0431
2021-11-15 2021-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,489 -28 -0.12 5,381 -9.96 0.0363
2021-08-16 2021-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 22,517 -680 -2.93 5,976 -4.06 0.0392
2021-05-17 2021-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 23,197 -90 -0.39 6,229 12.58 0.0421
2021-02-16 2020-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 23,287 -685 -2.86 5,533 7.86 0.0404
2020-11-16 2020-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 23,972 -224 -0.93 5,130 20.76 0.0440
2020-08-14 2020-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 24,196 -271 -1.11 4,248 18.92 0.0377
2020-05-15 2020-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 24,467 -830 -3.28 3,572 -27.27 0.0383
2020-02-14 2019-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 25,297 -336 -1.31 4,911 6.64 0.0381
2019-11-14 2019-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 25,633 -151 -0.59 4,605 -10.39 0.0380
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 25,784 -430 -1.64 5,139 4.90 0.0481
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 26,214 -704 -2.62 4,899 21.71 0.0482
2019-02-14 2018-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 26,918 -610 -2.22 4,025 -18.98 0.0443
2018-11-14 2018-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 27,528 -116 -0.42 4,968 19.11 0.0451
2018-08-14 2018-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 27,644 -1,030 -3.59 4,171 7.14 0.0390
2018-08-14 2018-06-30 13F GRAMERCY PPTY TR COM COM 385002308 149,442 367 4,083 0.0382
2018-05-15 2018-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 28,674 -575 -1.97 3,893 -8.16 0.0379
2018-05-15 2018-03-31 13F GRAMERCY PPTY TR COM COM 385002308 149,075 -7,232 3,239 0.0316
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 29,249 -2,024 -6.47 4,239 2.49 0.0394
2018-02-14 2017-12-31 13F GRAMERCY PPTY TR COM COM 385002308 156,307 40 4,167 0.0388
2017-11-14 2017-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 31,273 -139 -0.44 4,136 8.19 0.0412
2017-11-14 2017-09-30 13F GRAMERCY PPTY TR COM COM 385002308 156,267 -1,833 4,727 0.0471
2017-08-14 2017-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 31,412 -25 -0.08 3,823 8.61 0.0409
2017-08-14 2017-06-30 13F GRAMERCY PPTY TR COM COM 385002308 158,100 -2,315 4,698 0.0503
2017-05-15 2017-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 31,437 1,135 3.75 3,520 7.48 0.0377
2017-05-15 2017-03-31 13F GRAMERCY PPTY TR COM COM 385002308 160,415 130,113 4,219 0.0452
2017-02-14 2016-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 30,302 -5,372 -15.06 3,275 -5.40 0.0367
2016-11-14 2016-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 35,674 0 0.00 3,462 13.99 0.0416
2016-08-15 2016-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 35,674 -46 -0.13 3,037 2.12 0.0386
2016-05-16 2016-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 35,720 -21 -0.06 2,974 -1.62 0.0410
2016-02-16 2015-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 35,741 3,472 10.76 3,023 22.59 0.0419
2015-11-16 2015-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 32,269 -4,572 -12.41 2,466 -23.37 0.0375
2015-08-14 2015-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 36,841 7,636 26.15 3,218 7.05 0.0430
2015-05-15 2015-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 29,205 -20 -0.07 3,006 -6.15 0.0427
2015-02-17 2014-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 29,225 300 1.04 3,203 -0.77 0.0464
2014-11-14 2014-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 28,925 -1,400 -4.62 3,228 3.33 0.0499
2014-08-14 2014-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 30,325 -67 -0.22 3,124 5.79 0.0469
2014-05-15 2014-03-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 30,392 -300 -0.98 2,953 3.65 0.0470
2014-02-14 2013-12-31 13F NORFOLK SOUTHERN CORP COM COM 655844108 30,692 -28 -0.09 2,849 19.86 0.0473
2013-11-14 2013-09-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 30,720 -350 -1.13 2,377 5.32 0.0457
2013-08-14 2013-06-30 13F NORFOLK SOUTHERN CORP COM COM 655844108 31,070 31,070 2,257 0.0476
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.