Norfolk Southern Corporation
MX ˙ BMV ˙ US6558441084
SecurityMX:NSC / Norfolk Southern Corporation
InstitutionStifel Financial Corp
Latest Disclosed Ownership117,737 shares
Latest Disclosed Value $ 33,791,845
Stifel Financial Corp reports 30.31% increase in ownership of NSC / Norfolk Southern Corporation

On May 12, 2026 - Stifel Financial Corp filed a 13F-HR form disclosing ownership of 117,737 shares of Norfolk Southern Corporation (MX:NSC) valued at $33,791,845 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 90,351 shares of Norfolk Southern Corporation. This represents a change in shares of 30.31% 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)
2026-05-12 2026-03-31 13F NORFOLK SOUTHN COM 655844108 117,737 27,386 30.31 33,792 29.54 0.0073
2026-02-13 2025-12-31 13F NORFOLK SOUTHN COM 655844108 90,351 -31,214 -25.68 26,086 -28.57 0.0235
2025-11-12 2025-09-30 13F NORFOLK SOUTHN COM 655844108 121,565 -7,503 -5.81 36,520 10.54 0.0333
2025-08-14 2025-06-30 13F NORFOLK SOUTHN COM 655844108 129,068 -4,650 -3.48 33,039 4.31 0.0321
2025-05-14 2025-03-31 13F NORFOLK SOUTHN COM 655844108 133,718 -1,029,267 -88.50 31,674 -88.40 0.0337
2025-02-13 2024-12-31 13F NORFOLK SOUTHN COM 655844108 1,162,985 24,132 2.12 272,956 -3.55 0.2843
2024-11-14 2024-09-30 13F NORFOLK SOUTHN COM 655844108 1,138,853 55,694 5.14 283,013 21.70 0.2968
2024-08-13 2024-06-30 13F NORFOLK SOUTHN COM 655844108 1,083,159 22,471 2.12 232,544 -13.98 0.2617
2024-05-14 2024-03-31 13F NORFOLK SOUTHN COM 655844108 1,060,688 39,376 3.86 270,338 11.98 0.3080
2024-02-12 2023-12-31 13F NORFOLK SOUTHN COM 655844108 1,021,312 875,473 600.30 241,421 740.57 0.3038
2023-11-13 2023-09-30 13F NORFOLK SOUTHN COM 655844108 145,839 -932 -0.64 28,722 -13.70 0.0404
2023-08-14 2023-06-30 13F NORFOLK SOUTHN COM 655844108 146,771 6,561 4.68 33,282 11.97 0.0455
2023-05-12 2023-03-31 13F NORFOLK SOUTHN COM 655844108 140,210 -12,475 -8.17 29,725 -21.01 0.0426
2023-02-13 2022-12-31 13F NORFOLK SOUTHN COM 655844108 152,685 -4,786 -3.04 37,633 13.96 0.0565
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 157,471 -16,863 -9.67 33,021 -16.68 0.0541
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 174,334 -1,457 -0.83 39,631 -20.98 0.0620
2022-05-13 2022-03-31 13F NORFOLK SOUTHN COM 655844108 175,791 -3,293 -1.84 50,150 -5.95 0.0684
2022-02-14 2021-12-31 13F NORFOLK SOUTHN COM 655844108 179,084 14,604 8.88 53,324 35.48 0.0705
2021-11-15 2021-09-30 13F NORFOLK SOUTHN COM 655844108 164,480 3,686 2.29 39,359 -7.78 0.0577
2021-08-13 2021-06-30 13F NORFOLK SOUTHN COM 655844108 160,794 1,324 0.83 42,681 -0.34 0.0639
2021-05-14 2021-03-31 13F NORFOLK SOUTHN COM 655844108 159,470 733 0.46 42,826 13.53 0.0706
2021-02-12 2020-12-31 13F NORFOLK SOUTHN COM 655844108 158,737 -38,341 -19.45 37,721 -10.56 0.0673
2020-11-16 2020-09-30 13F NORFOLK SOUTHN COM 655844108 197,078 10,994 5.91 42,174 29.09 0.0868
2020-08-14 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 186,084 -13,360 -6.70 32,670 12.52 0.0751
2020-05-14 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 199,444 -3,449 -1.70 29,035 -26.22 0.0802
2020-02-13 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 202,893 2,964 1.48 39,351 9.55 0.0820
2019-11-19 2019-09-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 199,929 41,130 25.90 35,922 13.43 0.0917
2019-11-13 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 200,002 41,203 35,935 20,143.3687
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 158,799 9,774 6.56 31,670 13.86 0.0817
2019-05-14 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 149,025 12,525 9.18 27,815 36.55 0.0786
2019-02-13 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 136,500 69,509 103.76 20,370 1,016.16 0.0659
2018-11-13 2018-09-30 13F GRAMERCY PPTY TR COM NEW 385002308 66,991 24,460 57.51 1,825 58.83 0.0052
2018-11-13 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 120,019 4,029 21,662 0.0621
2018-08-14 2018-06-30 13F GRAMERCY PPTY TR COM NEW 385002308 42,531 -71,084 -62.57 1,149 -92.55 0.0035
2018-08-14 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 115,990 2,375 17,509 0.0537
2018-05-11 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 113,615 2,874 2.60 15,432 -3.74 0.0487
2018-02-14 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 110,741 -15,359 -12.18 16,032 -3.82 0.0508
2017-11-13 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 126,100 -13,437 -9.63 16,669 -1.79 0.0579
2017-08-14 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 139,537 -6,748 -4.61 16,973 3.66 0.0630
2017-05-10 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 146,285 -245,536 -62.67 16,373 -61.37 0.0634
2017-02-16 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 391,821 38,825 11.00 42,389 23.65 0.1800
2016-11-15 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 352,996 33,194 10.38 34,282 25.92 0.1542
2016-08-17 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 319,802 57,968 22.14 27,225 24.91 0.1259
2016-05-16 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 261,834 23,880 10.04 21,796 8.25 0.1161
2016-03-21 2015-12-31 13F/A-2 NORFOLK SOUTHERN COM 655844108 237,954 -8,641 -3.50 20,134 6.84 0.1048
2016-02-26 2015-12-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 286,701 48,747 22,293 0.1166
2016-02-16 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 286,519 22,121
2015-11-16 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 246,595 -23,234 -8.61 18,845 -19.84 0.1059
2015-08-17 2015-06-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 269,829 -48,039 -15.11 23,508 -28.15 0.1215
2015-08-17 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 264,177 23,040
2015-05-14 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 317,868 717 0.23 32,718 -5.88 0.1791
2015-02-13 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 317,151 30,761 10.74 34,762 8.76 0.1931
2014-11-13 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 286,390 9,323 3.36 31,961 11.96 0.2805
2014-08-14 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 277,067 1,716 0.62 28,546 6.70 0.2564
2014-05-15 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 275,351 275,351 26,754 0.2560
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.