Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionGables Capital Management Inc.
Latest Disclosed Ownership1,466 shares
Latest Disclosed Value $ 420,742
Gables Capital Management Inc. ownership in NSC / Norfolk Southern Corporation

On May 1, 2026 - Gables Capital Management Inc. filed a 13F-HR form disclosing ownership of 1,466 shares of Norfolk Southern Corporation (MX:NSC) valued at $420,742 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 1,466 shares of Norfolk Southern Corporation. This represents a change in shares of 0.00% 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)
2026-05-01 2026-03-31 13F NORFOLK SOUTHN COM 655844108 1,466 0 0.00 421 -0.71 0.1783
2026-02-06 2025-12-31 13F NORFOLK SOUTHN COM 655844108 1,466 0 0.00 423 -3.86 0.1788
2025-11-06 2025-09-30 13F NORFOLK SOUTHN COM 655844108 1,466 0 0.00 440 17.33 0.1887
2025-07-30 2025-06-30 13F NORFOLK SOUTHN COM 655844108 1,466 38 2.66 375 10.95 0.1774
2025-05-08 2025-03-31 13F NORFOLK SOUTHN COM 655844108 1,428 0 0.00 338 0.90 0.1672
2025-02-07 2024-12-31 13F NORFOLK SOUTHN COM 655844108 1,428 0 0.00 335 -5.37 0.1617
2024-10-25 2024-09-30 13F NORFOLK SOUTHN COM 655844108 1,428 0 0.00 355 15.69 0.1791
2024-08-08 2024-06-30 13F NORFOLK SOUTHN COM 655844108 1,428 -110 -7.15 307 -21.74 0.1603
2024-05-06 2024-03-31 13F NORFOLK SOUTHN COM 655844108 1,538 0 0.00 392 7.71 0.2159
2024-02-08 2023-12-31 13F NORFOLK SOUTHN COM 655844108 1,538 0 0.00 364 20.20 0.2259
2023-11-03 2023-09-30 13F NORFOLK SOUTHN COM 655844108 1,538 0 0.00 303 -13.22 0.2108
2023-08-03 2023-06-30 13F NORFOLK SOUTHN COM 655844108 1,538 -347 -18.41 349 -12.78 0.2283
2023-05-04 2023-03-31 13F NORFOLK SOUTHN COM 655844108 1,885 0 0.00 400 -14.01 0.2791
2023-02-06 2022-12-31 13F NORFOLK SOUTHN COM 655844108 1,885 0 0.00 465 17.47 0.3380
2022-11-01 2022-09-30 13F NORFOLK SOUTHN COM 655844108 1,885 0 0.00 395 -7.71 0.3168
2022-07-18 2022-06-30 13F NORFOLK SOUTHN COM 655844108 1,885 0 0.00 428 -20.45 0.3232
2022-05-02 2022-03-31 13F NORFOLK SOUTHN COM 655844108 1,885 0 0.00 538 -4.10 0.3375
2022-02-09 2021-12-31 13F NORFOLK SOUTHN COM 655844108 1,885 0 0.00 561 24.39 0.3342
2021-11-12 2021-09-30 13F NORFOLK SOUTHN COM 655844108 1,885 0 0.00 451 -9.80 0.2944
2021-08-03 2021-06-30 13F NORFOLK SOUTHN COM 655844108 1,885 -754 -28.57 500 -29.48 0.3424
2021-05-12 2021-03-31 13F NORFOLK SOUTHN COM 655844108 2,639 0 0.00 709 13.08 0.3884
2021-02-03 2020-12-31 13F NORFOLK SOUTHN COM 655844108 2,639 -186 -6.58 627 3.64 0.3660
2020-11-12 2020-09-30 13F NORFOLK SOUTHN COM 655844108 2,825 0 0.00 605 21.98 0.3905
2020-07-30 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 2,825 0 0.00 496 20.39 0.3437
2020-05-07 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 2,825 0 0.00 412 -24.95 0.3384
2020-02-10 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 2,825 0 0.00 549 8.07 0.3678
2019-10-30 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 2,825 0 0.00 508 -9.77 0.3595
2019-07-31 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 2,825 0 0.00 563 5.63 0.4593
2019-04-30 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 2,825 205 7.82 533 35.97 0.4288
2019-02-08 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 2,620 -205 -7.26 392 -23.14 0.3415
2018-11-05 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 2,825 0 0.00 510 19.44 0.3883
2018-08-10 2018-06-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 2,825 0 0.00 427 11.20 0.3491
2018-08-03 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 2,825 0 427 0.3510
2018-05-17 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 2,825 2,825 384 0.3397
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.