Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionFinancial Advisory Service, Inc.
Latest Disclosed Ownership1,488 shares
Latest Disclosed Value $ 429,674
Financial Advisory Service, Inc. reports 4.64% increase in ownership of NSC / Norfolk Southern Corporation

On February 18, 2026 - Financial Advisory Service, Inc. filed a 13F-HR form disclosing ownership of 1,488 shares of Norfolk Southern Corporation (MX:NSC) valued at $429,674 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 29, 2025 disclosing 1,422 shares of Norfolk Southern Corporation. This represents a change in shares of 4.64% 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)
2026-02-18 2025-12-31 13F NORFOLK SOUTHN COM 655844108 1,488 66 4.64 430 0.47 0.0278
2025-10-29 2025-09-30 13F NORFOLK SOUTHN COM 655844108 1,422 2 0.14 427 17.63 0.0289
2025-08-14 2025-06-30 13F NORFOLK SOUTHN COM 655844108 1,420 39 2.82 363 11.35 0.0269
2025-05-05 2025-03-31 13F NORFOLK SOUTHN COM 655844108 1,381 2 0.15 327 0.93 0.0267
2025-02-14 2024-12-31 13F NORFOLK SOUTHN COM 655844108 1,379 -299 -17.82 324 -22.36 0.0272
2024-10-17 2024-09-30 13F NORFOLK SOUTHN COM 655844108 1,678 -214 -11.31 417 2.46 0.0332
2024-07-29 2024-06-30 13F NORFOLK SOUTHN COM 655844108 1,892 17 0.91 406 -14.88 0.0351
2024-04-29 2024-03-31 13F NORFOLK SOUTHN COM 655844108 1,875 68 3.76 478 11.71 0.0424
2024-01-23 2023-12-31 13F NORFOLK SOUTHN COM 655844108 1,807 78 4.51 427 25.59 0.0406
2023-10-23 2023-09-30 13F NORFOLK SOUTHN COM 655844108 1,729 1 0.06 340 -13.04 0.0364
2023-08-08 2023-06-30 13F NORFOLK SOUTHN COM 655844108 1,728 1 0.06 392 6.83 0.0496
2023-05-11 2023-03-31 13F NORFOLK SOUTHN COM 655844108 1,727 -3 -0.17 366 -14.08 0.0397
2023-02-01 2022-12-31 13F NORFOLK SOUTHN COM 655844108 1,730 26 1.53 426 19.33 0.0483
2022-10-20 2022-09-30 13F NORFOLK SOUTHN COM 655844108 1,704 0 0.00 357 -7.75 0.0396
2022-08-02 2022-06-30 13F NORFOLK SOUTHN COM 655844108 1,704 1 0.06 387 -20.37 0.0407
2022-05-04 2022-03-31 13F NORFOLK SOUTHN COM 655844108 1,703 1 0.06 486 -4.14 0.0457
2022-02-11 2021-12-31 13F NORFOLK SOUTHN COM 655844108 1,702 -40 -2.30 507 21.58 0.0465
2021-11-15 2021-09-30 13F NORFOLK SOUTHN COM 655844108 1,742 0 0.00 417 -9.74 0.0390
2021-07-29 2021-06-30 13F NORFOLK SOUTHN COM 655844108 1,742 1 0.06 462 -1.28 0.0434
2021-05-17 2021-03-31 13F NORFOLK SOUTHN COM 655844108 1,741 -38 -2.14 468 10.64 0.0487
2021-02-10 2020-12-31 13F NORFOLK SOUTHN COM 655844108 1,779 1 0.06 423 11.02 0.0481
2020-11-16 2020-09-30 13F NORFOLK SOUTHN COM 655844108 1,778 -135 -7.06 381 13.39 0.0520
2020-07-21 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 1,913 1 0.05 336 20.43 0.0495
2020-05-14 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 1,912 1 0.05 279 -24.80 0.0488
2020-01-31 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 1,911 1 0.05 371 8.16 0.0625
2019-11-06 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 1,910 135 7.61 343 -3.11 0.0622
2019-07-25 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 1,775 0 0.00 354 6.63 0.0659
2019-05-13 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 1,775 1 0.06 332 25.28 0.0648
2019-02-08 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 1,774 1 0.06 265 -17.19 0.0606
2018-11-05 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 1,773 0 0.00 320 19.85 0.0728
2018-07-26 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 1,773 1 0.06 267 10.79 0.0717
2018-05-02 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 1,772 1 0.06 241 -6.23 0.0695
2018-01-29 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 1,771 0 0.00 257 9.83 0.0675
2017-10-19 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 1,771 1 0.06 234 8.84 0.0653
2017-08-01 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 1,770 1,770 215 0.0641
2014-10-30 2014-09-30 13F Norfolk Southern COM 655844108 0 -2,150 -100.00 0 -100.00
2014-07-16 2014-06-30 13F Norfolk Southern COM 655844108 2,150 -699 -24.53 222 -19.86 0.1278
2014-04-25 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 2,849 2 0.07 277 4.92 0.1879
2014-01-24 2013-12-31 13F Norfolk Southern COM 655844108 2,847 2,847 264 0.1569
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.