Norfolk Southern Corporation
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionSei Investments Co
Latest Disclosed Ownership164,733 shares
Latest Disclosed Value $ 47,563,758
Sei Investments Co reports 14.15% decrease in ownership of NSC / Norfolk Southern Corporation

On February 13, 2026 - Sei Investments Co filed a 13F-HR form disclosing ownership of 164,733 shares of Norfolk Southern Corporation (US:NSC) valued at $47,561,712 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 191,891 shares of Norfolk Southern Corporation. This represents a change in shares of -14.15% during the quarter. The current value of the position is $50,261,686 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)
2026-02-13 2025-12-31 13F NORFOLK SOUTHN COM 655844108 164,733 -27,158 -14.15 47,564 -17.48 0.0469
2025-11-13 2025-09-30 13F NORFOLK SOUTHN COM 655844108 191,891 15,578 8.84 57,642 27.72 0.0620
2025-08-14 2025-06-30 13F NORFOLK SOUTHN COM 655844108 176,313 -78,024 -30.68 45,132 -25.08 0.0523
2025-05-14 2025-03-31 13F/A-1 NORFOLK SOUTHN COM 655844108 254,337 7,107 2.87 60,238 3.82 0.0775
2025-05-13 2025-03-31 13F NORFOLK SOUTHN COM 655844108 241,115 -6,115 56,635 0.0616
2025-02-11 2024-12-31 13F NORFOLK SOUTHN COM 655844108 247,230 366 0.15 58,020 -5.42 0.0745
2024-11-12 2024-09-30 13F NORFOLK SOUTHN COM 655844108 246,864 -56,945 -18.74 61,349 -5.94 0.0797
2024-08-13 2024-06-30 13F NORFOLK SOUTHN COM 655844108 303,809 31,279 11.48 65,222 -6.09 0.0924
2024-05-07 2024-03-31 13F NORFOLK SOUTHN COM 655844108 272,530 29,596 12.18 69,455 20.95 0.1018
2024-02-14 2023-12-31 13F NORFOLK SOUTHN COM 655844108 242,934 35,936 17.36 57,425 40.88 0.0922
2023-11-14 2023-09-30 13F NORFOLK SOUTHN COM 655844108 206,998 69,749 50.82 40,763 30.98 0.0732
2023-08-11 2023-06-30 13F NORFOLK SOUTHN COM 655844108 137,249 50,371 57.98 31,121 68.98 0.0543
2023-05-12 2023-03-31 13F NORFOLK SOUTHN COM 655844108 86,878 -63,052 -42.05 18,417 -50.15 0.0342
2023-02-10 2022-12-31 13F NORFOLK SOUTHN COM 655844108 149,930 -8,542 -5.39 36,945 11.19 0.0821
2022-11-14 2022-09-30 13F NORFOLK SOUTHN COM 655844108 158,472 45,008 39.67 33,227 29.09 0.0741
2022-08-15 2022-06-30 13F NORFOLK SOUTHN COM 655844108 113,464 -39,935 -26.03 25,740 -41.25 0.0556
2022-05-13 2022-03-31 13F NORFOLK SOUTHN COM 655844108 153,399 16,822 12.32 43,816 7.87 0.0881
2022-02-14 2021-12-31 13F NORFOLK SOUTHN COM 655844108 136,577 9,133 7.17 40,618 33.55 0.0762
2021-11-12 2021-09-30 13F NORFOLK SOUTHN COM 655844108 127,444 -4,362 -3.31 30,413 -13.17 0.0638
2021-08-06 2021-06-30 13F NORFOLK SOUTHN COM 655844108 131,806 13,103 11.04 35,025 11.19 0.0777
2021-05-12 2021-03-31 13F NORFOLK SOUTHN COM 655844108 118,703 -13,338 -10.10 31,499 0.41 0.0794
2021-02-08 2020-12-31 13F NORFOLK SOUTHN COM 655844108 132,041 10,841 8.94 31,371 20.53 0.0811
2020-12-04 2020-09-30 13F/A-1 NORFOLK SOUTHN COM 655844108 121,200 1,378 1.15 26,028 23.74 0.0754
2020-11-06 2020-09-30 13F NORFOLK SOUTHN COM 655844108 123,010 3,188 26,415 63,601.4469
2020-08-17 2020-06-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 119,822 6,131 5.39 21,034 26.83 0.0653
2020-08-11 2020-06-30 13F NORFOLK SOUTHERN COM 655844108 69,176 -44,515 13,140 35,642.9494
2020-05-14 2020-03-31 13F NORFOLK SOUTHERN COM 655844108 113,691 47,119 70.78 16,584 28.33 0.0609
2020-02-06 2019-12-31 13F NORFOLK SOUTHERN COM 655844108 66,572 -12,658 -15.98 12,923 -9.33 0.0385
2019-11-12 2019-09-30 13F NORFOLK SOUTHERN COM 655844108 79,230 8,290 11.69 14,253 0.83 0.0365
2019-08-14 2019-06-30 13F NORFOLK SOUTHERN COM 655844108 70,940 1,687 2.44 14,135 8.76 0.0462
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM 655844108 69,253 62,566 935.64 12,997 7,002.19 0.0436
2019-02-13 2018-12-31 13F GRAMERCY PPTY TR COM NEW 385002308 6,687 -119,836 -94.71 183 -99.20 0.0007
2019-02-13 2018-12-31 13F NORFOLK SOUTHERN COM 655844108 94,994 88,307 16,833 0.0599
2018-11-08 2018-09-30 13F NORFOLK SOUTHERN COM 655844108 126,523 -23,595 -15.72 22,882 1.03 0.0829
2018-11-08 2018-09-30 13F GRAMERCY PPTY TR COM NEW 385002308 6,687 -257,427 183 0.0007
2018-08-03 2018-06-30 13F NORFOLK SOUTHERN COM 655844108 150,118 -358,008 -70.46 22,649 105.14 0.0770
2018-08-03 2018-06-30 13F GRAMERCY PPTY TR COM NEW 385002308 264,114 96,948 7,215 0.0245
2018-05-11 2018-03-31 13F GRAMERCY PPTY TR COM NEW 385002308 508,126 382,537 304.59 11,041 -39.33 0.0423
2018-05-11 2018-03-31 13F NORFOLK SOUTHERN COM 655844108 167,166 -468,871 22,697 0.0870
2018-02-08 2017-12-31 13F NORFOLK SOUTHERN COM 655844108 125,589 -5,498 -4.19 18,197 4.97 0.0632
2018-02-08 2017-12-31 13F GRAMERCY PPTY TR COM NEW 385002308 636,037 -35,566 16,957 0.0589
2017-11-06 2017-09-30 13F NORFOLK SOUTHERN COM 655844108 131,087 -14,355 -9.87 17,336 -2.06 0.0616
2017-11-06 2017-09-30 13F GRAMERCY PPTY TR COM NEW 385002308 671,603 1,268 20,317 0.0722
2017-07-31 2017-06-30 13F NORFOLK SOUTHERN COM 655844108 145,442 -6,524 -4.29 17,700 4.02 0.0706
2017-07-31 2017-06-30 13F GRAMERCY PPTY TR COM NEW 385002308 670,335 114,188 19,916 0.0794
2017-05-05 2017-03-31 13F NORFOLK SOUTHERN COM 655844108 151,966 144,701 1,991.75 17,016 2,067.64 0.0746
2017-05-05 2017-03-31 13F GRAMERCY PPTY TR COM NEW 385002308 556,147 548,882 14,627 0.0641
2017-02-02 2016-12-31 13F NORFOLK SOUTHERN COM 655844108 7,265 -21,031 -74.32 785 -71.41 0.0038
2016-11-04 2016-09-30 13F NORFOLK SOUTHERN COM 655844108 28,296 -10,810 -27.64 2,746 -17.51 0.0139
2016-08-11 2016-06-30 13F NORFOLK SOUTHERN COM 655844108 39,106 -23,649 -37.68 3,329 -36.29 0.0200
2016-05-10 2016-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 62,755 58,205 1,279.23 5,225 1,257.14 0.0325
2016-02-03 2015-12-31 13F NORFOLK SOUTHERN COM 655844108 4,550 -17,793 -79.64 385 -77.45 0.0023
2015-11-02 2015-09-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 22,343 -38,153 -63.07 1,707 -67.69 0.0157
2015-10-30 2015-09-30 13F NORFOLK SOUTHERN COM 655844108 22,343 1,707
2015-08-07 2015-06-30 13F/A-1 NORFOLK SOUTHERN COM 655844108 60,496 -45,448 -42.90 5,284 -51.55 0.0478
2015-08-04 2015-06-30 13F NORFOLK SOUTHERN COM 655844108 60,496 -45,448 5,284 0.0478
2015-05-14 2015-03-31 13F/A-1 NORFOLK SOUTHERN COM 655844108 105,944 -22,956 -17.81 10,905 -22.81 0.0947
2015-05-01 2015-03-31 13F NORCRAFT COS COM 655844108 105,944 10,905
2015-02-10 2014-12-31 13F NORFOLK SOUTHERN COM 655844108 128,900 128,900 14,128 0.1249
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.