Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionFirst Manhattan Co
Latest Disclosed Ownership2,069 shares
Latest Disclosed Value $ 593,803
First Manhattan Co reports 4.61% decrease in ownership of NSC / Norfolk Southern Corporation

On May 15, 2026 - First Manhattan Co filed a 13F-HR form disclosing ownership of 2,069 shares of Norfolk Southern Corporation (US:NSC) valued at $593,803 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 2,169 shares of Norfolk Southern Corporation. This represents a change in shares of -4.61% during the quarter. The current value of the position is $631,273 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)
2026-05-15 2026-03-31 13F NORFOLK SOUTHN COM 655844108 2,069 -100 -4.61 594 -5.27 0.0016
2026-02-17 2025-12-31 13F NORFOLK SOUTHN COM 655844108 2,169 -325 -13.03 626 -16.42 0.0016
2025-11-14 2025-09-30 13F NORFOLK SOUTHN COM 655844108 2,494 -650 -20.67 749 -6.84 0.0020
2025-08-14 2025-06-30 13F NORFOLK SOUTHN COM 655844108 3,144 -1,202 -27.66 805 -21.87 0.0023
2025-05-15 2025-03-31 13F NORFOLK SOUTHN COM 655844108 4,346 -142 -3.16 1,029 -24.78 0.0030
2025-02-14 2024-12-31 13F NORFOLK SOUTHN COM 655844108 4,488 1,344 42.75 1,369 75.16 0.0040
2024-11-14 2024-09-30 13F NORFOLK SOUTHN COM 655844108 3,144 -777 -19.82 781 -7.13 0.0023
2024-08-15 2024-06-30 13F/A-1 NORFOLK SOUTHN COM 655844108 3,921 -74 -1.85 842 -17.39 0.0027
2024-08-14 2024-06-30 13F NORFOLK SOUTHN COM 655844108 3,921 -74 842 0.0027
2024-05-15 2024-03-31 13F NORFOLK SOUTHN COM 655844108 3,995 -1,341 -25.13 1,018 -19.27 0.0033
2024-02-13 2023-12-31 13F NORFOLK SOUTHN COM 655844108 5,336 2 0.04 1,261 20.10 0.0044
2023-11-14 2023-09-30 13F NORFOLK SOUTHN COM 655844108 5,334 0 0.00 1,050 -13.15 0.0039
2023-08-14 2023-06-30 13F NORFOLK SOUTHN COM 655844108 5,334 -1,262 -19.13 1,210 -13.52 0.0044
2023-05-15 2023-03-31 13F NORFOLK SOUTHN COM 655844108 6,596 -832 -11.20 1,398 -23.61 0.0054
2023-02-14 2022-12-31 13F NORFOLK SOUTHN COM 655844108 7,428 151 2.08 1,830 20.00 0.0067
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 7,277 700 10.64 1,525 2.07 0.0065
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 6,577 0 0.00 1,494 -20.32 0.0060
2022-05-16 2022-03-31 13F NORFOLK SOUTHN COM 655844108 6,577 -5 -0.08 1,875 -4.29 0.0061
2022-02-14 2021-12-31 13F NORFOLK SOUTHN COM 655844108 6,582 -11 -0.17 1,959 24.22 0.0065
2021-11-15 2021-09-30 13F NORFOLK SOUTHN COM 655844108 6,593 -70 -1.05 1,577 -10.80 0.0058
2021-08-16 2021-06-30 13F NORFOLK SOUTHN COM 655844108 6,663 -300 -4.31 1,768 -5.40 0.0065
2021-05-14 2021-03-31 13F NORFOLK SOUTHN COM 655844108 6,963 1 0.01 1,869 13.00 0.0081
2021-02-16 2020-12-31 13F NORFOLK SOUTHN COM 655844108 6,962 0 0.00 1,654 11.08 0.0079
2020-11-12 2020-09-30 13F NORFOLK SOUTHERN COMMON 655844108 6,962 -103 -1.46 1,489 20.08 0.0077
2020-08-14 2020-06-30 13F NORFOLK SOUTHERN COMMON 655844108 7,065 -18 -0.25 1,240 19.92 0.0072
2020-05-06 2020-03-31 13F NORFOLK SOUTHERN COMMON 655844108 7,083 0 0.00 1,034 -24.80 0.0067
2020-02-13 2019-12-31 13F NORFOLK SOUTHERN COMMON 655844108 7,083 -1,002 -12.39 1,375 -5.30 0.0069
2019-11-13 2019-09-30 13F NORFOLK SOUTHERN COMMON 655844108 8,085 -386 -4.56 1,452 -13.98 0.0080
2019-08-16 2019-06-30 13F NORFOLK SOUTHERN COMMON 655844108 8,471 -75 -0.88 1,688 5.70 0.0094
2019-04-12 2019-03-31 13F NORFOLK SOUTHERN COMMON 655844108 8,546 69 0.81 1,597 26.05 0.0092
2019-01-30 2018-12-31 13F NORFOLK SOUTHERN COMMON 655844108 8,477 -445 -4.99 1,267 -21.30 0.0079
2018-10-15 2018-09-30 13F NORFOLK SOUTHERN COMMON 655844108 8,922 -515 -5.46 1,610 13.14 0.0086
2018-10-15 2018-09-30 13F GRAMERCY PROPERTY TR COMSHS BENFINT $0.01 385002308 132 0 3 0.0000
2018-08-01 2018-06-30 13F NORFOLK SOUTHERN COMMON 655844108 9,437 -245 -2.53 1,423 8.30 0.0082
2018-08-01 2018-06-30 13F GRAMERCY PROPERTY TR COMSHS BENFINT $0.01 385002308 132 -398 3 0.0000
2018-04-20 2018-03-31 13F NORFOLK SOUTHERN COMMON 655844108 9,682 0 0.00 1,314 -6.28 0.0075
2018-04-20 2018-03-31 13F GRAMERCY PROPERTY TR COMSHS BENFINT $0.01 385002308 530 0 11 0.0001
2018-01-22 2017-12-31 13F NORFOLK SOUTHERN COMMON 655844108 9,682 -585 -5.70 1,402 3.32 0.0077
2018-01-22 2017-12-31 13F GRAMERCY PROPERTY TR COMSHS BENFINT $0.01 385002308 530 -106 14 0.0001
2017-10-25 2017-09-30 13F NORFOLK SOUTHERN COMMON 655844108 10,267 1,324 14.80 1,357 24.72 0.0078
2017-10-25 2017-09-30 13F GRAMERCY PROPERTY TR COMSHS BENFINT $0.01 385002308 636 0 19 0.0001
2017-08-10 2017-06-30 13F/A-2 NORFOLK SOUTHERN COMMON 655844108 8,943 -2,448 -21.49 1,088 -14.67 0.0063
2017-08-10 2017-06-30 13F/A-2 GRAMERCY PROPERTY TR COMSHS BENFINT $0.01 385002308 636 0 18 0.0001
2017-08-01 2017-06-30 13F/A-1 NORFOLK SOUTHERN COMMON 655844108 8,943 8,307 1,088 0.0063
2017-08-01 2017-06-30 13F/A-1 GRAMERCY PROPERTY TR COMSHS BENFINT $0.01 385002308 636 -8,307 18 0.0001
2017-07-28 2017-06-30 13F NORFOLK SOUTHERN COMMON 655844108 8,943 -2,448 1,088
2017-07-28 2017-06-30 13F GRAMERCY PROPERTY TR COMSHS BENFINT $0.01 385002308 636 18
2017-04-25 2017-03-31 13F/A-1 NORFOLK SOUTHERN COMMON 655844108 11,391 255 2.29 1,275 5.99 0.0076
2017-04-25 2017-03-31 13F/A-1 GRAMERCY PROPERTY TR COMSHS BENFINT $0.01 385002308 636 -10,500 16 0.0001
2017-04-24 2017-03-31 13F NORFOLK SOUTHERN COMMON 655844108 12,984 1,260
2017-01-25 2016-12-31 13F NORFOLK SOUTHERN COMMON 655844108 11,136 -1,848 -14.23 1,203 -4.52 0.0073
2016-10-20 2016-09-30 13F NORFOLK SOUTHERN COMMON 655844108 12,984 987 8.23 1,260 23.41 0.0077
2016-07-14 2016-06-30 13F NORFOLK SOUTHERN COMMON 655844108 11,997 -490 -3.92 1,021 -1.73 0.0063
2016-04-22 2016-03-31 13F NORFOLK SOUTHERN COMMON 655844108 12,487 -125 -0.99 1,039 -2.53 0.0064
2016-01-20 2015-12-31 13F NORFOLK SOUTHERN COMMON 655844108 12,612 -2,500 -16.54 1,066 -7.63 0.0065
2015-10-26 2015-09-30 13F NORFOLK SOUTHERN COMMON 655844108 15,112 -50 -0.33 1,154 -12.84 0.0074
2015-07-17 2015-06-30 13F NORFOLK SOUTHERN COMMON 655844108 15,162 -814 -5.10 1,324 -19.46 0.0078
2015-04-30 2015-03-31 13F NORFOLK SOUTHERN COMMON 655844108 15,976 -23 -0.14 1,644 -6.22 0.0095
2015-01-20 2014-12-31 13F NORFOLK SOUTHERN COMMON 655844108 15,999 -52 -0.32 1,753 -2.12 0.0099
2014-10-23 2014-09-30 13F NORFOLK SOUTHERN COMMON 655844108 16,051 41 0.26 1,791 8.61 0.0104
2014-08-14 2014-06-30 13F/A-1 NORFOLK SOUTHERN COMMON 655844108 16,010 -275 -1.69 1,649 4.24 0.0105
2014-05-16 2014-03-31 13F NORFOLK SOUTHERN COMMON 655844108 16,285 1,125 7.42 1,582 12.44 0.0104
2014-02-04 2013-12-31 13F NORFOLK SOUTHERN COMMON 655844108 15,160 1,500 10.98 1,407 33.24 0.0093
2013-10-29 2013-09-30 13F NORFOLK SOUTHERN COMMON 655844108 13,660 279 2.09 1,056 6.88 0.0074
2013-08-13 2013-06-30 13F NORFOLK SOUTHERN COMMON 655844108 13,381 13,381 988 0.0068
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.