Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
Institution1st Source Bank
Latest Disclosed Ownership25,408 shares
Latest Disclosed Value $ 7,292,096
1st Source Bank reports 2.03% decrease in ownership of NSC / Norfolk Southern Corporation

On May 4, 2026 - 1st Source Bank filed a 13F-HR form disclosing ownership of 25,408 shares of Norfolk Southern Corporation (US:NSC) valued at $7,292,096 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 25,935 shares of Norfolk Southern Corporation. This represents a change in shares of -2.03% during the quarter. The current value of the position is $7,752,235 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)
2026-05-04 2026-03-31 13F NORFOLK SOUTHN COM 655844108 25,408 -527 -2.03 7,292 -2.60 0.3762
2026-02-05 2025-12-31 13F NORFOLK SOUTHN COM 655844108 25,935 -895 -3.34 7,488 -7.11 0.3928
2025-11-12 2025-09-30 13F NORFOLK SOUTHN COM 655844108 26,830 -681 -2.48 8,060 14.47 0.4249
2025-08-07 2025-06-30 13F NORFOLK SOUTHN COM 655844108 27,511 -383 -1.37 7,042 6.58 0.3883
2025-05-05 2025-03-31 13F NORFOLK SOUTHN COM 655844108 27,894 -299 -1.06 6,607 -0.15 0.3893
2025-02-10 2024-12-31 13F Norfolk Southern COM 655844108 28,193 -503 -1.75 6,617 -7.21 0.3785
2024-12-11 2024-09-30 13F Norfolk Southern COM 655844108 28,696 -3,102 -9.76 7,131 4.45 0.4025
2024-08-08 2024-06-30 13F NORFOLK SOUTHERN COM 655844108 31,798 -472 -1.46 6,827 -17.00 0.3991
2024-05-09 2024-03-31 13F NORFOLK SOUTHERN COM 655844108 32,270 -222 -0.68 8,225 7.08 0.4780
2024-02-08 2023-12-31 13F NORFOLK SOUTHERN COM 655844108 32,492 -427 -1.30 7,680 18.48 0.4640
2023-11-09 2023-09-30 13F NORFOLK SOUTHERN COM 655844108 32,919 -497 -1.49 6,483 -14.45 0.4413
2023-08-09 2023-06-30 13F NORFOLK SOUTHERN COM 655844108 33,416 -1,200 -3.47 7,577 3.26 0.4891
2023-05-09 2023-03-31 13F NORFOLK SOUTHERN COM 655844108 34,616 -874 -2.46 7,339 -16.09 0.4877
2023-02-13 2022-12-31 13F NORFOLK SOUTHERN COM 655844108 35,490 -691 -1.91 8,745 15.29 0.5740
2022-11-04 2022-09-30 13F NORFOLK SOUTHERN COM 655844108 36,181 181 0.50 7,585 -7.31 0.5518
2022-08-05 2022-06-30 13F NORFOLK SOUTHERN COM 655844108 36,000 89 0.25 8,183 -20.11 0.5779
2022-05-05 2022-03-31 13F NORFOLK SOUTHERN COM 655844108 35,911 569 1.61 10,243 -2.65 0.6295
2022-02-09 2021-12-31 13F NORFOLK SOUTHERN COM 655844108 35,342 178 0.51 10,522 25.07 0.6155
2021-11-05 2021-09-30 13F NORFOLK SOUTHERN COM 655844108 35,164 -661 -1.85 8,413 -11.52 0.5300
2021-08-03 2021-06-30 13F NORFOLK SOUTHERN COM 655844108 35,825 -277 -0.77 9,508 -1.92 0.5994
2021-05-07 2021-03-31 13F NORFOLK SOUTHERN COM 655844108 36,102 -272 -0.75 9,694 12.16 0.6413
2021-02-05 2020-12-31 13F NORFOLK SOUTHERN COM 655844108 36,374 -6,012 -14.18 8,643 -4.71 0.6299
2020-10-30 2020-09-30 13F NORFOLK SOUTHERN COM 655844108 42,386 -617 -1.43 9,070 20.13 0.7724
2020-08-07 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 43,003 -63 -0.15 7,550 20.09 0.6491
2020-04-29 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 43,066 -939 -2.13 6,287 -26.41 0.6324
2020-01-27 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 44,005 -346 -0.78 8,543 7.22 0.6400
2019-11-06 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 44,351 254 0.58 7,968 -9.35 0.6533
2019-07-29 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 44,097 -360 -0.81 8,790 5.79 0.7187
2019-04-29 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 44,457 134 0.30 8,309 25.36 0.7087
2019-02-11 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 44,323 -1,112 -2.45 6,628 -19.18 0.6440
2018-10-31 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 45,435 -555 -1.21 8,201 18.20 0.6503
2018-08-02 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 45,990 -441 -0.95 6,938 10.06 0.5632
2018-04-24 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 46,431 -269 -0.58 6,304 -6.84 0.5221
2018-02-13 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 46,700 -465 -0.99 6,767 8.50 0.5567
2017-10-27 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 47,165 -997 -2.07 6,237 6.40 0.5187
2017-07-26 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 48,162 -743 -1.52 5,862 7.05 0.5048
2017-04-26 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 48,905 -1,233 -2.46 5,476 1.07 0.4848
2017-02-09 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 50,138 -786 -1.54 5,418 9.61 0.5145
2016-10-27 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 50,924 171 0.34 4,943 14.39 0.5220
2016-07-29 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 50,753 -395 -0.77 4,321 1.48 0.4882
2016-04-26 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 51,148 -1,161 -2.22 4,258 -3.77 0.4754
2016-01-29 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 52,309 -4,093 -7.26 4,425 2.69 0.5136
2015-10-20 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 56,402 -1,286 -2.23 4,309 -14.50 0.4940
2015-08-04 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 57,688 -2,760 -4.57 5,040 -18.98 0.5461
2015-04-27 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 60,448 -409 -0.67 6,221 -6.75 0.7457
2015-02-10 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 60,857 957 1.60 6,671 -0.21 0.8017
2014-10-30 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 59,900 199 0.33 6,685 8.68 0.8860
2014-07-25 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 59,701 -173 -0.29 6,151 5.72 0.7938
2014-04-28 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 59,874 1,878 3.24 5,818 8.06 0.7763
2014-02-13 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 57,996 929 1.63 5,384 21.98 0.7236
2013-11-13 2013-09-30 13F NORFOLK SOUTHERN COM 655844108 57,067 -717 -1.24 4,414 5.15 0.6547
2013-08-08 2013-06-30 13F NORFOLK SOUTHERN COM 655844108 57,784 57,784 4,198 0.7092
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.