Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionHm Payson & Co
Latest Disclosed Ownership8,397 shares
Latest Disclosed Value $ 2,409,828
Hm Payson & Co reports 0.64% decrease in ownership of NSC / Norfolk Southern Corporation

On April 13, 2026 - Hm Payson & Co filed a 13F-HR form disclosing ownership of 8,397 shares of Norfolk Southern Corporation (US:NSC) valued at $2,409,939 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 8,451 shares of Norfolk Southern Corporation. This represents a change in shares of -0.64% during the quarter. The current value of the position is $2,562,009 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)
2026-04-13 2026-03-31 13F NORFOLK SOUTHN COM 655844108 8,397 -54 -0.64 2,410 -1.23 0.0181
2026-02-12 2025-12-31 13F NORFOLK SOUTHN COM 655844108 8,451 0 0.00 2,440 -3.90 0.0344
2025-10-17 2025-09-30 13F NORFOLK SOUTHN COM 655844108 8,451 0 0.00 2,539 17.34 0.0365
2025-10-17 2025-06-30 13F NORFOLK SOUTHN COM 655844108 8,451 -6,247 -42.50 2,163 -37.86 0.0343
2025-04-29 2025-03-31 13F NORFOLK SOUTHN COM 655844108 14,698 -372 -2.47 3,481 -1.56 0.0611
2025-02-07 2024-12-31 13F NORFOLK SOUTHN COM 655844108 15,070 -76 -0.50 3,537 -6.03 0.0600
2024-10-28 2024-09-30 13F NORFOLK SOUTHN COM 655844108 15,146 -21,783 -58.99 3,764 -52.54 0.0645
2024-08-13 2024-06-30 13F NORFOLK SOUTHN COM 655844108 36,929 -53,759 -59.28 7,928 -65.70 0.1440
2024-06-20 2024-03-31 13F NORFOLK SOUTHN COM 655844108 90,688 60,870 204.14 23,114 227.94 0.4295
2024-02-13 2023-12-31 13F NORFOLK SOUTHN COM 655844108 29,818 -586 -1.93 7,048 17.72 0.1460
2023-11-06 2023-09-30 13F NORFOLK SOUTHN COM 655844108 30,404 -51,032 -62.67 5,987 -67.58 0.1404
2023-07-17 2023-06-30 13F NORFOLK SOUTHN COM 655844108 81,436 65,140 399.73 18,467 434.63 0.4146
2023-04-18 2023-03-31 13F NORFOLK SOUTHN COM 655844108 16,296 -398 -2.38 3,455 -16.02 0.0829
2023-02-06 2022-12-31 13F NORFOLK SOUTHN COM 655844108 16,694 -488 -2.84 4,114 14.19 0.1024
2022-10-25 2022-09-30 13F NORFOLK SOUTHN COM 655844108 17,182 -25 -0.15 3,602 -7.90 0.0989
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 17,207 0 0.00 3,911 -20.31 0.1003
2022-05-12 2022-03-31 13F NORFOLK SOUTHN COM 655844108 17,207 0 0.00 4,908 -4.20 0.1117
2022-02-15 2021-12-31 13F NORFOLK SOUTHN COM 655844108 17,207 0 0.00 5,123 24.44 0.1114
2021-11-30 2021-09-30 13F NORFOLK SOUTHN COM 655844108 17,207 -125 -0.72 4,117 -10.50 0.1002
2021-08-17 2021-06-30 13F NORFOLK SOUTHN COM 655844108 17,332 0 0.00 4,600 -1.16 0.1121
2021-06-15 2021-03-31 13F NORFOLK SOUTHN COM 655844108 17,332 -145 -0.83 4,654 12.06 0.1239
2021-03-10 2020-12-31 13F NORFOLK SOUTHN COM 655844108 17,477 -75 -0.43 4,153 10.57 0.1148
2020-12-21 2020-09-30 13F NORFOLK SOUTHN COM 655844108 17,552 1,220 7.47 3,756 31.01 0.1157
2020-08-13 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 16,332 0 0.00 2,867 20.26 0.0961
2020-07-01 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 16,332 -101 -0.61 2,384 -25.27 0.0937
2020-02-18 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 16,433 0 0.00 3,190 8.06 0.1025
2019-11-12 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 16,433 580 3.66 2,952 -6.58 0.1040
2019-08-15 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 15,853 -1,511 -8.70 3,160 -2.62 0.1133
2019-07-31 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 17,364 17,193 10,054.39 3,245 24.81 0.1240
2019-02-15 2018-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 171 -16,366 -98.97 2,600 -12.90 0.0762
2018-11-30 2018-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 16,537 405 2.51 2,985 22.64 0.1336
2018-08-27 2018-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 16,132 -948 -5.55 2,434 4.96 0.1040
2018-05-14 2018-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 17,080 -8 -0.05 2,319 -6.34 0.0957
2018-02-16 2017-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 17,088 363 2.17 2,476 11.93 0.0995
2017-11-06 2017-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 16,725 -309 -1.81 2,212 6.71 0.0951
2017-08-04 2017-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 17,034 -21 -0.12 2,073 8.53 0.0934
2017-05-25 2017-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 17,055 -146 -0.85 1,910 2.80 0.0871
2017-02-15 2016-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 17,201 -93 -0.54 1,858 10.66 0.0885
2016-11-14 2016-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 17,294 0 0.00 1,679 13.99 0.0819
2016-08-08 2016-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 17,294 -52 -0.30 1,473 2.01 0.0735
2016-05-19 2016-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 17,346 0 0.00 1,444 -1.57 0.0751
2016-02-23 2015-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 17,346 429 2.54 1,467 13.54 0.0754
2015-11-02 2015-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 16,917 8,455 99.92 1,292 74.83 0.0700
2015-08-11 2015-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 8,462 0 0.00 739 -15.15 0.0368
2015-05-06 2015-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 8,462 -750 -8.14 871 -13.76 0.0435
2015-02-10 2014-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,212 -20 -0.22 1,010 -1.94 0.0500
2014-11-12 2014-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,232 -90 -0.97 1,030 7.18 0.0528
2014-08-13 2014-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 9,322 -950 -9.25 961 -3.71 0.0494
2014-05-07 2014-03-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 10,272 -1,200 -10.46 998 -6.29 0.0528
2014-02-10 2013-12-31 13F NORFOLK SOUTHERN COMMON STOCK 655844108 11,472 -2,576 -18.34 1,065 -1.93 0.0571
2013-11-13 2013-09-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 14,048 0 0.00 1,086 6.37 0.0630
2013-08-13 2013-06-30 13F NORFOLK SOUTHERN COMMON STOCK 655844108 14,048 14,048 1,021 0.0613
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.