Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionHowe & Rusling Inc
Latest Disclosed Ownership22,475 shares
Latest Disclosed Value $ 6,450,427
Howe & Rusling Inc reports 3.43% increase in ownership of NSC / Norfolk Southern Corporation

On April 28, 2026 - Howe & Rusling Inc filed a 13F-HR form disclosing ownership of 22,475 shares of Norfolk Southern Corporation (US:NSC) valued at $6,450,325 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 14, 2026 disclosing 21,730 shares of Norfolk Southern Corporation. This represents a change in shares of 3.43% during the quarter. The current value of the position is $6,857,347 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)
2026-04-28 2026-03-31 13F NORFOLK SOUTHN COM 655844108 22,475 745 3.43 6,450 2.82 0.4207
2026-02-14 2025-12-31 13F NORFOLK SOUTHN COM 655844108 21,730 75 0.35 6,274 -3.57 0.4150
2025-11-05 2025-09-30 13F NORFOLK SOUTHN COM 655844108 21,655 -219 -1.00 6,505 16.18 0.4460
2025-08-12 2025-06-30 13F NORFOLK SOUTHN COM 655844108 21,874 696 3.29 5,599 11.62 0.4136
2025-06-17 2025-03-31 13F NORFOLK SOUTHN COM 655844108 21,178 631 3.07 5,016 4.02 0.4219
2025-02-12 2024-12-31 13F NORFOLK SOUTHN COM 655844108 20,547 -1,367 -6.24 4,822 -11.44 0.4157
2024-11-08 2024-09-30 13F NORFOLK SOUTHN COM 655844108 21,914 351 1.63 5,446 17.63 0.4682
2024-08-14 2024-06-30 13F NORFOLK SOUTHN COM 655844108 21,563 1,381 6.84 4,629 -9.99 0.4221
2024-05-15 2024-03-31 13F NORFOLK SOUTHN COM 655844108 20,182 1,845 10.06 5,144 18.67 0.4927
2024-02-06 2023-12-31 13F NORFOLK SOUTHN COM 655844108 18,337 6,740 58.12 4,335 89.84 0.4596
2023-11-09 2023-09-30 13F NORFOLK SOUTHN COM 655844108 11,597 -44 -0.38 2,284 -13.49 0.2695
2023-08-14 2023-06-30 13F NORFOLK SOUTHN COM 655844108 11,641 547 4.93 2,640 12.25 0.2954
2023-05-15 2023-03-31 13F NORFOLK SOUTHN COM 655844108 11,094 -215 -1.90 2,352 -15.61 0.2802
2023-02-15 2022-12-31 13F NORFOLK SOUTHN COM 655844108 11,309 -1,761 -13.47 2,787 1.68 0.3496
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 13,070 -305 -2.28 2,740 -9.87 0.3639
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 13,375 -162 -1.20 3,040 -21.26 0.3855
2022-05-10 2022-03-31 13F NORFOLK SOUTHN COM 655844108 13,537 2,635 24.17 3,861 18.95 0.4463
2022-02-14 2021-12-31 13F NORFOLK SOUTHN COM 655844108 10,902 -74 -0.67 3,246 23.61 0.3806
2021-11-15 2021-09-30 13F NORFOLK SOUTHN COM 655844108 10,976 2,600 31.04 2,626 18.13 0.3293
2021-08-13 2021-06-30 13F NORFOLK SOUTHN COM 655844108 8,376 8,062 2,567.52 2,223 2,546.43 0.2804
2021-05-13 2021-03-31 13F NORFOLK SOUTHN COM 655844108 314 -13 -3.98 84 7.69 0.0114
2021-02-08 2020-12-31 13F NORFOLK SOUTHN COM 655844108 327 164 100.61 78 122.86 0.0119
2020-11-06 2020-09-30 13F NORFOLK SOUTHN COM 655844108 163 4 2.52 35 25.00 0.0060
2020-07-15 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 159 -10 -5.92 28 12.00 0.0052
2020-05-14 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 169 -30,496 -99.45 25 -99.58 0.0054
2020-02-05 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 30,665 1,131 3.83 5,953 12.19 0.9854
2019-10-31 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 29,534 29,384 19,589.33 5,306 17,586.67 0.9300
2019-08-12 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 150 -3 -1.96 30 3.45 0.0052
2019-04-29 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 153 -60 -28.17 29 -9.37 0.0050
2019-02-04 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 213 -21 -8.97 32 -23.81 0.0068
2018-11-07 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 234 0 0.00 42 20.00 0.0070
2018-07-31 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 234 0 0.00 35 9.38 0.0063
2018-05-14 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 234 -31 -11.70 32 -15.79 0.0058
2018-01-24 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 265 0 0.00 38 8.57 0.0069
2017-10-18 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 265 165 165.00 35 191.67 0.0065
2017-07-13 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 100 0 0.00 12 9.09 0.0024
2017-04-18 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 100 0 0.00 11 0.00 0.0022
2017-01-20 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 100 0 0.00 11 10.00 0.0024
2016-10-17 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 100 0 0.00 10 11.11 0.0022
2016-08-23 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 100 0 0.00 9 12.50 0.0020
2016-05-16 2016-03-31 13F NORFOLK SOUTHERN COM 655844108 100 -200 -66.67 8 -68.00 0.0018
2016-02-11 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 300 -40 -11.76 25 -3.85 0.0057
2015-11-10 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 340 0 0.00 26 -13.33 0.0065
2015-07-22 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 340 0 0.00 30 -14.29 0.0065
2015-04-29 2015-03-31 13F NORFOLK SOUTHERN COM 655844108 340 340 0.00 35 0.0078
2015-01-30 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 0 -340 -100.00 0 -100.00
2014-10-31 2014-09-30 13F NORFOLK SOUTHERN COM 655844108 340 0 0.00 38 8.57 0.0089
2014-07-31 2014-06-30 13F NORFOLK SOUTHERN COM 655844108 340 -134 -28.27 35 -23.91 0.0079
2014-05-07 2014-03-31 13F NORFOLK SOUTHERN COM 655844108 474 -118 -19.93 46 -16.36 0.0113
2014-07-31 2013-12-31 13F/A-12 NORFOLK SOUTHERN COM 655844108 592 140 30.97 55 57.14 0.0139
2014-02-07 2013-12-31 13F NORFOLK SOUTHERN COM 655844108 2,464 229
2013-11-08 2013-09-30 13F NORFOLK SOUTHERN COM 655844108 452 -644 -58.76 35 -56.25 0.0128
2013-08-14 2013-06-30 13F NORFOLK SOUTHERN COM 655844108 1,096 1,096 80 0.0223
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.