Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionCincinnati Insurance Co
Latest Disclosed Ownership217,000 shares
Latest Disclosed Value $ 62,279,000
Cincinnati Insurance Co reports 17.93% decrease in ownership of NSC / Norfolk Southern Corporation

On May 11, 2026 - Cincinnati Insurance Co filed a 13F-HR form disclosing ownership of 217,000 shares of Norfolk Southern Corporation (MX:NSC) valued at $62,279,000 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 264,400 shares of Norfolk Southern Corporation. This represents a change in shares of -17.93% during the quarter.

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)
2026-05-11 2026-03-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 217,000 -47,400 -17.93 62,279 -18.42 0.9411
2026-02-12 2025-12-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 76,338 -3.89 1.1661
2025-11-06 2025-09-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 79,428 17.36 1.2302
2025-08-07 2025-06-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 67,678 8.07 1.1382
2025-05-08 2025-03-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 62,623 0.92 1.0943
2025-02-12 2024-12-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 62,055 -5.55 1.0964
2024-11-07 2024-09-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 65,703 15.75 1.1004
2024-08-08 2024-06-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 56,764 -15.76 0.9370
2024-05-03 2024-03-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 67,388 7.82 1.1071
2024-02-08 2023-12-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 62,499 20.03 1.1244
2023-11-03 2023-09-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 52,068 -13.15 1.0305
2023-08-08 2023-06-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 59,955 6.96 1.1404
2023-05-05 2023-03-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 56,053 -13.97 1.1228
2023-02-09 2022-12-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 65,153 17.54 1.2996
2022-11-08 2022-09-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 55,431 -7.76 1.2697
2022-08-05 2022-06-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 60,095 -20.31 1.2726
2022-05-12 2022-03-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 75,412 -4.20 1.4428
2022-02-11 2021-12-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 78,715 24.43 1.4198
2021-11-05 2021-09-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 63,258 -9.86 1.2878
2021-08-06 2021-06-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 70,174 -1.16 1.4180
2021-05-06 2021-03-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 70,997 13.01 1.5028
2021-02-12 2020-12-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 62,824 11.04 1.4199
2020-11-06 2020-09-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 56,579 21.88 1.4409
2020-08-06 2020-06-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 46,421 20.26 1.2415
2020-05-08 2020-03-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 38,602 -24.79 1.2005
2020-02-11 2019-12-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 51,328 8.05 1.2631
2019-11-05 2019-09-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 47,502 -9.87 1.2507
2019-08-07 2019-06-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 52,703 6.66 1.4088
2019-05-03 2019-03-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 49,414 24.98 1.3845
2019-02-11 2018-12-31 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 39,538 -17.15 1.2294
2018-11-06 2018-09-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 47,724 19.64 1.3370
2018-08-13 2018-06-30 13F NORFOLK SOUTHERN ORD COMMON 655844108 264,400 0 0.00 39,890 11.11 1.1923
2018-05-10 2018-03-31 13F NORFOLK SOUTHERN COMMON 655844108 264,400 0 0.00 35,900 -6.30 1.0826
2018-02-13 2017-12-31 13F NORFOLK SOUTHERN COMMON 655844108 264,400 0 0.00 38,312 9.58 1.0968
2017-11-03 2017-09-30 13F NORFOLK SOUTHERN COMMON 655844108 264,400 0 0.00 34,964 8.66 1.0444
2017-08-08 2017-06-30 13F NORFOLK SOUTHERN COMMON 655844108 264,400 0 0.00 32,177 8.69 0.9986
2017-05-08 2017-03-31 13F NORFOLK SOUTHERN COMMON 655844108 264,400 0 0.00 29,605 3.61 0.9379
2017-02-15 2016-12-31 13F NORFOLK SOUTHERN COMMON 655844108 264,400 0 0.00 28,574 11.34 0.9290
2016-11-07 2016-09-30 13F NORFOLK SOUTHERN COMMON 655844108 264,400 0 0.00 25,663 14.02 0.8357
2016-08-09 2016-06-30 13F NORFOLK SOUTHERN COMMON 655844108 264,400 0 0.00 22,508 2.26 0.7386
2016-05-06 2016-03-31 13F NORFOLK SOUTHERN COMMON 655844108 264,400 15,000 6.01 22,011 4.33 0.7718
2016-02-09 2015-12-31 13F NORFOLK SOUTHERN COMMON 655844108 249,400 0 0.00 21,097 10.72 0.7697
2015-11-10 2015-09-30 13F NORFOLK SOUTHERN COMMON 655844108 249,400 12,300 5.19 19,054 -8.01 0.7279
2015-08-07 2015-06-30 13F NORFOLK SOUTHERN COMMON 655844108 237,100 107,000 82.24 20,713 54.69 0.7585
2015-05-08 2015-03-31 13F NORFOLK SOUTHERN COMMON 655844108 130,100 0 0.00 13,390 -6.10 0.4849
2015-02-10 2014-12-31 13F NORFOLK SOUTHERN COMMON 655844108 130,100 0 0.00 14,260 -1.78 0.4994
2014-11-07 2014-09-30 13F NORFOLK SOUTHERN COMMON 655844108 130,100 0 0.00 14,519 8.32 0.5210
2014-08-08 2014-06-30 13F NORFOLK SOUTHERN COMMON 655844108 130,100 0 0.00 13,404 6.03 0.4830
2014-05-14 2014-03-31 13F NORFOLK SOUTHERN COMMON 655844108 130,100 0 0.00 12,642 4.68 0.4673
2014-02-11 2013-12-31 13F NORFOLK SOUTHERN COMMON 655844108 130,100 0 0.00 12,077 20.01 0.4502
2013-11-06 2013-09-30 13F NORFOLK SOUTHERN COMMON 655844108 130,100 0 0.00 10,063 6.46 0.4078
2013-08-02 2013-06-30 13F NORFOLK SOUTHERN COMMON 655844108 130,100 130,100 9,452 0.3907
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.